ENI Stock Analysis: Eni S.p.A. | MI
Oil & Gas Integrated | MI, Italy | Market Cap: 67.142m EUR | 12M Return: 67.1% | IT0003132476 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 191M
EPS Trend: -70.6%
Qual. Beats: 1
Rev. Trend: -92.0%
Qual. Beats: -2
Warnings
No concerns identified
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Eni S.p.A. is an Italian integrated energy company headquartered in Rome, founded in 1953 and listed on the Milan Stock Exchange. It operates across the full energy value chain through six segments: Exploration & Production (upstream oil and gas); Global Gas & LNG Portfolio and Power (wholesale gas, LNG trading, and power generation); Refining and Chemicals (basic and petrochemical products); Enilive (biofuels, biomethane, and mobility services); Plenitude (retail gas and power, renewable energy generation, and EV charging networks); and Corporate and Other Activities. The company has a global footprint spanning Europe, North America, Asia, and Africa.
As a major integrated oil and gas player, Enis business model combines traditional hydrocarbon activities (upstream production, refining, and chemicals) with growing investments in the energy transition, notably through its Plenitude retail/renewables arm and the Enilive biofuels business. This dual structure of legacy fossil fuel operations alongside renewable power generation and electric mobility infrastructure is characteristic of European integrated energy majors adapting to decarbonization pressures and shifting demand patterns.
- Brent crude price swings drive Exploration and Production segment earnings
- TTF European gas prices normalize pressuring LNG trading margins
- Plenitude IPO listing accelerates renewable and retail valuation
| Net Income: 5.28b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -0.69 > 1.0 |
| NWC/Revenue: 9.85% < 20% (prev 7.75%; Δ 2.10% < -1%) |
| CFO/TA 0.09 > 3% & CFO 13.2b > Net Income 5.28b |
| Net Debt (27.3b) to EBITDA (15.3b): 1.79 < 3 |
| Current Ratio: 1.23 > 1.5 & < 3 |
| Outstanding Shares: last quarter (3.00b) vs 12m ago -3.60% < -2% |
| Gross Margin: 5.63% > 18% (prev 4.29%; Δ 1.33% > 0.5%) |
| Asset Turnover: 58.52% > 50% (prev 60.03%; Δ -1.51% > 0%) |
| Interest Coverage Ratio: 1.58 > 6 (EBIT TTM 8.28b / Interest Expense TTM 5.23b) |
| A: 0.06 (Total Current Assets 43.2b - Total Current Liabilities 35.0b) / Total Assets 147b |
| B: 0.26 (Retained Earnings 37.8b / Total Assets 147b) |
| C: 0.06 (EBIT TTM 8.28b / Avg Total Assets 142b) |
| D: 0.58 (Book Value of Equity 52.0b / Total Liabilities 90.1b) |
| Altman-Z'' = 2.20 = BBB |
| DSRI: 0.93 (Receivables 13.2b/14.0b, Revenue 82.9b/81.8b) |
| GMI: 0.76 (GM 4.29% / 5.63%) |
| AQI: 1.24 (AQ_t 0.34 / AQ_t-1 0.27) |
| SGI: 1.01 (Revenue 82.9b / 81.8b) |
| TATA: -0.05 (NI 5.28b - CFO 13.2b) / TA 147b) |
| Beneish M = -3.15 (Cap -4..+1) = AA |
As of September 27, 2026, the stock is trading at EUR 24.09 with a total of 6,757,824 shares traded. Over the past week, the price has changed by +1.73%, over one month by +4.73%, over three months by +18.97% and over the past year by +67.14%.
Current recommended Stop Loss: 23.30 (which is 3.3% or 1.5 ATR below the current price).
Eni S.p.A. has no consensus analysts rating.
P/E Trailing = 12.1771
P/E Forward = 9.6154
P/S = 0.7466
P/B = 1.2961
P/EG = 0.4267
Revenue TTM = 82.9b EUR
EBIT TTM = 8.28b EUR
EBITDA TTM = 15.3b EUR
Long Term Debt = 23.8b EUR (from longTermDebt, last quarter)
Short Term Debt = 8.80b EUR (from shortTermDebt, last quarter)
Debt = 42.4b EUR (from shortLongTermDebtTotal, last quarter) + Leases 5.44b
Net Debt = 27.3b EUR (calculated: Debt 42.4b - CCE 15.1b)
Enterprise Value = 94.5b EUR (67.1b + Debt 42.4b - CCE 15.1b)
Interest Coverage Ratio = 1.58 (Ebit TTM 8.28b / Interest Expense TTM 5.23b)
EV/FCF = 25.15x (Enterprise Value 94.5b / FCF TTM 3.76b)
FCF Yield = 3.98% (FCF TTM 3.76b / Enterprise Value 94.5b)
FCF Margin = 4.53% (FCF TTM 3.76b / Revenue TTM 82.9b)
Net Margin = 6.37% (Net Income TTM 5.28b / Revenue TTM 82.9b)
Gross Margin = 5.63% ((Revenue TTM 82.9b - Cost of Revenue TTM 78.2b) / Revenue TTM)
Gross Margin QoQ = 9.17% (prev 5.96%)
Tobins Q-Ratio = 0.64 (Enterprise Value 94.5b / Total Assets 147b)
Interest Expense / Debt = 12.32% (Interest Expense 5.23b / Debt 42.4b)
Taxrate = 45.26% (3.06b / 6.76b)
NOPAT = 4.53b (EBIT 8.28b * (1 - 45.26%))
Current Ratio = 1.23 (Total Current Assets 43.2b / Total Current Liabilities 35.0b)
Debt / Equity = 0.82 (Debt 42.4b / totalStockholderEquity, last quarter 52.0b)
Debt / EBITDA = 1.79 (Net Debt 27.3b / EBITDA 15.3b)
Debt / FCF = 7.28 (Net Debt 27.3b / FCF TTM 3.76b)
Total Stockholder Equity = 48.3b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.73% (Net Income 5.28b / Total Assets 147b)
RoE = 10.93% (Net Income TTM 5.28b / Total Stockholder Equity 48.3b)
RoCE = 11.48% (EBIT 8.28b / Capital Employed (Equity 48.3b + L.T.Debt 23.8b))
RoIC = 3.89% (NOPAT 4.53b / Invested Capital 117b)
WACC = 6.28% (E(67.1b)/V(110b) * Re(5.98%) + D(42.4b)/V(110b) * Rd(12.32%) * (1-Tc(0.45)))
Discount Rate = 5.98% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -98.81 | Cagr: -3.68%
[DCF] Terminal Value 73.10% ; FCFF base≈4.03b ; Y1≈3.53b ; Y5≈2.85b
[DCF] Fair Price = 6.42 (EV 45.8b - Net Debt 27.3b = Equity 18.4b / Shares 2.87b; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -70.62 | EPS CAGR: -14.30% | SUE: 1.12 | # QB: 1
Revenue Correlation: -92.04 | Revenue CAGR: -7.34% | SUE: -3.39 | # QB: -2
EPS current Quarter (2026-09-30): EPS=0.77 | Chg30d=+4.01% | Revisions=+57% | Analysts=4
EPS current Year (2026-12-31): EPS=2.72 | Chg30d=+3.29% | Revisions=+10% | GrowthEPS=+73.1% | GrowthRev=+22.3%
EPS next Year (2027-12-31): EPS=2.42 | Chg30d=+4.57% | Revisions=+30% | GrowthEPS=-11.0% | GrowthRev=-8.2%
[Analyst] Revisions Ratio: +38% (up=13, down=5)