(E) Eni SpA - Ratings and Ratios
Oil, Natural Gas, Refining, Chemicals, Renewables
Dividends
| Dividend Yield | 5.59% |
| Yield on Cost 5y | 13.69% |
| Yield CAGR 5y | 14.64% |
| Payout Consistency | 91.8% |
| Payout Ratio | 98.1% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 18.1% |
| Value at Risk 5%th | 31.5% |
| Relative Tail Risk | 5.90% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.54 |
| Alpha | 31.59 |
| CAGR/Max DD | 0.87 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.412 |
| Beta | 0.572 |
| Beta Downside | 0.773 |
| Drawdowns 3y | |
|---|---|
| Max DD | 20.13% |
| Mean DD | 5.32% |
| Median DD | 4.59% |
Description: E Eni SpA December 03, 2025
Eni S.p.A. (NYSE: E) is an integrated energy group headquartered in Rome, operating across the full value chain-from upstream exploration and production of oil, condensates, and natural gas to downstream refining, chemicals, and retail marketing of electricity, gas, and mobility services. Its business is organized into six segments: Exploration & Production; Global Gas & LNG Portfolio and Power; Refining and Chemicals; Enilive; Plenitude; and Corporate & Other Activities, which together support a diversified portfolio that now includes renewable power, bio-fuels, biomethane, and electric-vehicle charging infrastructure.
Key recent metrics illustrate the company’s scale and transition focus: in 2023 Eni produced roughly 1.6 million boe/d, generated €6.9 billion of net cash flow, and maintained a net-debt-to-EBITDA ratio near 2.5×. The firm announced a €13 billion 2024-2026 capex plan, with about 30% earmarked for low-carbon assets such as LNG terminals, offshore wind, and solar projects. Eni’s dividend yield remains around 6%, a notable attraction in a low-rate environment, while its exposure to European gas demand and the EU’s carbon-price regime are primary drivers of earnings volatility.
Given the accelerating EU energy-transition policies, rising LNG demand in Asia, and tightening carbon regulations, Eni’s strategic shift toward gas-centric and renewable businesses positions it to capture growth in “clean-energy transition” markets-though execution risk and commodity price exposure remain material uncertainties. For a deeper, data-driven assessment of how these dynamics translate into valuation, a quick look at ValueRay’s analyst framework can be a useful next step.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income (2.77b TTM) > 0 and > 6% of Revenue (6% = 5.13b TTM) |
| FCFTA 0.03 (>2.0%) and ΔFCFTA -0.59pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 8.31% (prev 8.18%; Δ 0.13pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.09 (>3.0%) and CFO 12.60b > Net Income 2.77b (YES >=105%, WARN >=100%) |
| Net Debt (25.75b) to EBITDA (21.59b) ratio: 1.19 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.21 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (1.56b) change vs 12m ago -3.44% (target <= -2.0% for YES) |
| Gross Margin 12.76% (prev 11.31%; Δ 1.46pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 62.34% (prev 64.53%; Δ -2.19pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 3.22 (EBITDA TTM 21.59b / Interest Expense TTM 4.24b) >= 6 (WARN >= 3) |
Altman Z'' 2.56
| (A) 0.05 = (Total Current Assets 41.38b - Total Current Liabilities 34.27b) / Total Assets 134.99b |
| (B) 0.27 = Retained Earnings (Balance) 36.62b / Total Assets 134.99b |
| (C) 0.10 = EBIT TTM 13.64b / Avg Total Assets 137.17b |
| (D) 0.63 = Book Value of Equity 51.44b / Total Liabilities 82.02b |
| Total Rating: 2.56 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 52.55
| 1. Piotroski 4.0pt |
| 2. FCF Yield 6.16% |
| 3. FCF Margin 4.75% |
| 4. Debt/Equity 0.70 |
| 5. Debt/Ebitda 1.19 |
| 6. ROIC - WACC (= 4.02)% |
| 7. RoE 5.39% |
| 8. Rev. Trend -77.28% |
| 9. EPS Trend -82.79% |
What is the price of E shares?
Over the past week, the price has changed by +2.90%, over one month by +3.74%, over three months by +9.04% and over the past year by +42.84%.
Is E a buy, sell or hold?
- Strong Buy: 0
- Buy: 0
- Hold: 3
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the E price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 38.1 | 1.3% |
| Analysts Target Price | 38.1 | 1.3% |
| ValueRay Target Price | 47.8 | 27.2% |
E Fundamental Data Overview November 29, 2025
P/E Trailing = 19.5316
P/E Forward = 10.4167
P/S = 0.6378
P/B = 0.9694
P/EG = 0.7644
Beta = 0.547
Revenue TTM = 85.51b EUR
EBIT TTM = 13.64b EUR
EBITDA TTM = 21.59b EUR
Long Term Debt = 19.66b EUR (from longTermDebt, last quarter)
Short Term Debt = 10.55b EUR (from shortTermDebt, last quarter)
Debt = 34.68b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 25.75b EUR (from netDebt column, last quarter)
Enterprise Value = 65.91b EUR (47.53b + Debt 34.68b - CCE 16.30b)
Interest Coverage Ratio = 3.22 (Ebit TTM 13.64b / Interest Expense TTM 4.24b)
FCF Yield = 6.16% (FCF TTM 4.06b / Enterprise Value 65.91b)
FCF Margin = 4.75% (FCF TTM 4.06b / Revenue TTM 85.51b)
Net Margin = 3.23% (Net Income TTM 2.77b / Revenue TTM 85.51b)
Gross Margin = 12.76% ((Revenue TTM 85.51b - Cost of Revenue TTM 74.59b) / Revenue TTM)
Gross Margin QoQ = 9.16% (prev 9.80%)
Tobins Q-Ratio = 0.49 (Enterprise Value 65.91b / Total Assets 134.99b)
Interest Expense / Debt = 0.89% (Interest Expense 310.3m / Debt 34.68b)
Taxrate = 47.42% (780.0m / 1.65b)
NOPAT = 7.17b (EBIT 13.64b * (1 - 47.42%))
Current Ratio = 1.21 (Total Current Assets 41.38b / Total Current Liabilities 34.27b)
Debt / Equity = 0.70 (Debt 34.68b / totalStockholderEquity, last quarter 49.24b)
Debt / EBITDA = 1.19 (Net Debt 25.75b / EBITDA 21.59b)
Debt / FCF = 6.34 (Net Debt 25.75b / FCF TTM 4.06b)
Total Stockholder Equity = 51.34b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.05% (Net Income 2.77b / Total Assets 134.99b)
RoE = 5.39% (Net Income TTM 2.77b / Total Stockholder Equity 51.34b)
RoCE = 19.22% (EBIT 13.64b / Capital Employed (Equity 51.34b + L.T.Debt 19.66b))
RoIC = 8.92% (NOPAT 7.17b / Invested Capital 80.44b)
WACC = 4.89% (E(47.53b)/V(82.21b) * Re(8.12%) + D(34.68b)/V(82.21b) * Rd(0.89%) * (1-Tc(0.47)))
Discount Rate = 8.12% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -2.98%
[DCF Debug] Terminal Value 73.66% ; FCFE base≈4.45b ; Y1≈3.44b ; Y5≈2.19b
Fair Price DCF = 27.23 (DCF Value 40.50b / Shares Outstanding 1.49b; 5y FCF grow -26.85% → 3.0% )
EPS Correlation: -82.79 | EPS CAGR: -18.42% | SUE: -0.40 | # QB: 0
Revenue Correlation: -77.28 | Revenue CAGR: -7.23% | SUE: 0.04 | # QB: 0
EPS next Year (2026-12-31): EPS=3.56 | Chg30d=+0.137 | Revisions Net=-1 | Growth EPS=-4.0% | Growth Revenue=+1.9%
Additional Sources for E Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle