ENI SPA (ENI.DE) Stock Fundamental Analysis

FRA:ENI • IT0003132476

18.58 EUR
-0.06 (-0.33%)
Last: Feb 20, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to ENI. ENI was compared to 77 industry peers in the Oil, Gas & Consumable Fuels industry. ENI has a bad profitability rating. Also its financial health evaluation is rather negative. ENI is valued correctly, but it does not seem to be growing. Finally ENI also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • In the past year ENI was profitable.
  • In the past year ENI had a positive cash flow from operations.
  • Of the past 5 years ENI 4 years were profitable.
  • ENI had a positive operating cash flow in each of the past 5 years.
ENI.DE Yearly Net Income VS EBIT VS OCF VS FCFENI.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B -5B 10B 15B

1.2 Ratios

  • ENI has a Return On Assets (3.29%) which is comparable to the rest of the industry.
  • ENI has a Return On Equity (9.02%) which is in line with its industry peers.
  • ENI has a worse Return On Invested Capital (4.56%) than 62.34% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for ENI is below the industry average of 8.82%.
Industry RankSector Rank
ROA 3.29%
ROE 9.02%
ROIC 4.56%
ROA(3y)4.75%
ROA(5y)2.12%
ROE(3y)13.1%
ROE(5y)5.86%
ROIC(3y)5.33%
ROIC(5y)4.44%
ENI.DE Yearly ROA, ROE, ROICENI.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 -20

1.3 Margins

  • Looking at the Profit Margin, with a value of 3.46%, ENI is doing worse than 67.53% of the companies in the same industry.
  • ENI's Profit Margin has improved in the last couple of years.
  • ENI has a worse Operating Margin (8.45%) than 71.43% of its industry peers.
  • ENI's Operating Margin has declined in the last couple of years.
  • Looking at the Gross Margin, with a value of 32.24%, ENI is doing worse than 66.23% of the companies in the same industry.
  • ENI's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 8.45%
PM (TTM) 3.46%
GM 32.24%
OM growth 3Y-16.57%
OM growth 5Y-4.83%
PM growth 3Y-27.02%
PM growth 5Y69.41%
GM growth 3Y-5.64%
GM growth 5Y-4.03%
ENI.DE Yearly Profit, Operating, Gross MarginsENI.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40

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3

2. Health

2.1 Basic Checks

  • ENI has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • Compared to 1 year ago, ENI has less shares outstanding
  • The number of shares outstanding for ENI has been reduced compared to 5 years ago.
  • The debt/assets ratio for ENI is higher compared to a year ago.
ENI.DE Yearly Shares OutstandingENI.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B
ENI.DE Yearly Total Debt VS Total AssetsENI.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 50B 100B 150B

2.2 Solvency

  • ENI has an Altman-Z score of 1.93. This is not the best score and indicates that ENI is in the grey zone with still only limited risk for bankruptcy at the moment.
  • ENI's Altman-Z score of 1.93 is in line compared to the rest of the industry. ENI outperforms 54.55% of its industry peers.
  • ENI has a debt to FCF ratio of 8.83. This is a slightly negative value and a sign of low solvency as ENI would need 8.83 years to pay back of all of its debts.
  • The Debt to FCF ratio of ENI (8.83) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 0.61 indicates that ENI is somewhat dependend on debt financing.
  • ENI has a Debt to Equity ratio (0.61) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF 8.83
Altman-Z 1.93
ROIC/WACC0.92
WACC4.97%
ENI.DE Yearly LT Debt VS Equity VS FCFENI.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10B 20B 30B 40B 50B

2.3 Liquidity

  • ENI has a Current Ratio of 1.16. This is a normal value and indicates that ENI is financially healthy and should not expect problems in meeting its short term obligations.
  • ENI has a Current ratio of 1.16. This is in the lower half of the industry: ENI underperforms 61.04% of its industry peers.
  • A Quick Ratio of 0.98 indicates that ENI may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.98, ENI is in line with its industry, outperforming 42.86% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.16
Quick Ratio 0.98
ENI.DE Yearly Current Assets VS Current LiabilitesENI.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B

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3

3. Growth

3.1 Past

  • ENI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -19.67%.
  • Measured over the past years, ENI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 14.87% on average per year.
  • Looking at the last year, ENI shows a decrease in Revenue. The Revenue has decreased by -5.13% in the last year.
  • ENI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.91% yearly.
EPS 1Y (TTM)-19.67%
EPS 3Y7.34%
EPS 5Y14.87%
EPS Q2Q%-2.56%
Revenue 1Y (TTM)-5.13%
Revenue growth 3Y5.06%
Revenue growth 5Y4.91%
Sales Q2Q%-3.86%

3.2 Future

  • The Earnings Per Share is expected to grow by 5.67% on average over the next years.
  • Based on estimates for the next years, ENI will show a small growth in Revenue. The Revenue will grow by 0.87% on average per year.
EPS Next Y-3.46%
EPS Next 2Y-1.95%
EPS Next 3Y4.3%
EPS Next 5Y5.67%
Revenue Next Year-4.55%
Revenue Next 2Y-3.04%
Revenue Next 3Y-0.64%
Revenue Next 5Y0.87%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
ENI.DE Yearly Revenue VS EstimatesENI.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 20B 40B 60B 80B 100B
ENI.DE Yearly EPS VS EstimatesENI.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 2 3

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6

4. Valuation

4.1 Price/Earnings Ratio

  • ENI is valuated correctly with a Price/Earnings ratio of 12.64.
  • Based on the Price/Earnings ratio, ENI is valued a bit cheaper than 64.94% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of ENI to the average of the S&P500 Index (26.99), we can say ENI is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 11.93, the valuation of ENI can be described as very reasonable.
  • Based on the Price/Forward Earnings ratio, ENI is valued a bit cheaper than 67.53% of the companies in the same industry.
  • ENI's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.06.
Industry RankSector Rank
PE 12.64
Fwd PE 11.93
ENI.DE Price Earnings VS Forward Price EarningsENI.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • ENI's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. ENI is cheaper than 93.51% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, ENI is valued cheaply inside the industry as 87.01% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 6.99
EV/EBITDA 1.84
ENI.DE Per share dataENI.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)0.85
EPS Next 2Y-1.95%
EPS Next 3Y4.3%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 5.80%, ENI is a good candidate for dividend investing.
  • ENI's Dividend Yield is rather good when compared to the industry average which is at 5.21. ENI pays more dividend than 85.71% of the companies in the same industry.
  • ENI's Dividend Yield is rather good when compared to the S&P500 average which is at 1.85.
Industry RankSector Rank
Dividend Yield 5.8%

5.2 History

  • The dividend of ENI has a limited annual growth rate of 2.97%.
Dividend Growth(5Y)2.97%
Div Incr Years5
Div Non Decr Years5
ENI.DE Yearly Dividends per shareENI.DE Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • ENI pays out 69.77% of its income as dividend. This is not a sustainable payout ratio.
  • ENI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP69.77%
EPS Next 2Y-1.95%
EPS Next 3Y4.3%
ENI.DE Yearly Income VS Free CF VS DividendENI.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B -5B 10B
ENI.DE Dividend Payout.ENI.DE Dividend Payout, showing the Payout Ratio.ENI.DE Dividend Payout.PayoutRetained Earnings

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ENI SPA

FRA:ENI (2/20/2026, 7:00:00 PM)

18.58

-0.06 (-0.33%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)10-24
Earnings (Next)02-26
Inst Owners19.32%
Inst Owner ChangeN/A
Ins Owners3.1%
Ins Owner ChangeN/A
Market Cap27.42B
Revenue(TTM)128.25B
Net Income(TTM)4.44B
Analysts68.67
Price Target17.03 (-8.34%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.8%
Yearly Dividend0.97
Dividend Growth(5Y)2.97%
DP69.77%
Div Incr Years5
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)18.9%
Min EPS beat(2)15.48%
Max EPS beat(2)22.32%
EPS beat(4)3
Avg EPS beat(4)10.61%
Min EPS beat(4)-9.34%
Max EPS beat(4)22.32%
EPS beat(8)5
Avg EPS beat(8)6.16%
EPS beat(12)8
Avg EPS beat(12)7.11%
EPS beat(16)12
Avg EPS beat(16)9.28%
Revenue beat(2)1
Avg Revenue beat(2)-1.97%
Min Revenue beat(2)-5.56%
Max Revenue beat(2)1.61%
Revenue beat(4)2
Avg Revenue beat(4)1.69%
Min Revenue beat(4)-8.64%
Max Revenue beat(4)19.36%
Revenue beat(8)2
Avg Revenue beat(8)-6.25%
Revenue beat(12)3
Avg Revenue beat(12)1.35%
Revenue beat(16)7
Avg Revenue beat(16)24%
PT rev (1m)-0.58%
PT rev (3m)4.04%
EPS NQ rev (1m)-11.98%
EPS NQ rev (3m)-2.63%
EPS NY rev (1m)-0.31%
EPS NY rev (3m)2.03%
Revenue NQ rev (1m)-0.93%
Revenue NQ rev (3m)-0.21%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.74%
Valuation
Industry RankSector Rank
PE 12.64
Fwd PE 11.93
P/S 0.21
P/FCF 6.99
P/OCF 2.18
P/B 0.56
P/tB 0.63
EV/EBITDA 1.84
EPS(TTM)1.47
EY7.91%
EPS(NY)1.56
Fwd EY8.38%
FCF(TTM)2.66
FCFY14.31%
OCF(TTM)8.54
OCFY45.95%
SpS86.9
BVpS33.37
TBVpS29.29
PEG (NY)N/A
PEG (5Y)0.85
Graham Number33.22
Profitability
Industry RankSector Rank
ROA 3.29%
ROE 9.02%
ROCE 10.72%
ROIC 4.56%
ROICexc 5.34%
ROICexgc 5.72%
OM 8.45%
PM (TTM) 3.46%
GM 32.24%
FCFM 3.06%
ROA(3y)4.75%
ROA(5y)2.12%
ROE(3y)13.1%
ROE(5y)5.86%
ROIC(3y)5.33%
ROIC(5y)4.44%
ROICexc(3y)6.33%
ROICexc(5y)5.26%
ROICexgc(3y)6.76%
ROICexgc(5y)5.61%
ROCE(3y)12.31%
ROCE(5y)10.21%
ROICexgc growth 3Y-17.17%
ROICexgc growth 5Y-2.79%
ROICexc growth 3Y-17.38%
ROICexc growth 5Y-3.38%
OM growth 3Y-16.57%
OM growth 5Y-4.83%
PM growth 3Y-27.02%
PM growth 5Y69.41%
GM growth 3Y-5.64%
GM growth 5Y-4.03%
F-Score5
Asset Turnover0.95
Health
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF 8.83
Debt/EBITDA 1.65
Cap/Depr 117.07%
Cap/Sales 6.76%
Interest Coverage 8.45
Cash Conversion 69.06%
Profit Quality 88.36%
Current Ratio 1.16
Quick Ratio 0.98
Altman-Z 1.93
F-Score5
WACC4.97%
ROIC/WACC0.92
Cap/Depr(3y)115.59%
Cap/Depr(5y)96.9%
Cap/Sales(3y)8.49%
Cap/Sales(5y)8.57%
Profit Quality(3y)122.28%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-19.67%
EPS 3Y7.34%
EPS 5Y14.87%
EPS Q2Q%-2.56%
EPS Next Y-3.46%
EPS Next 2Y-1.95%
EPS Next 3Y4.3%
EPS Next 5Y5.67%
Revenue 1Y (TTM)-5.13%
Revenue growth 3Y5.06%
Revenue growth 5Y4.91%
Sales Q2Q%-3.86%
Revenue Next Year-4.55%
Revenue Next 2Y-3.04%
Revenue Next 3Y-0.64%
Revenue Next 5Y0.87%
EBIT growth 1Y-33.43%
EBIT growth 3Y-12.34%
EBIT growth 5Y-0.16%
EBIT Next Year56.27%
EBIT Next 3Y18.96%
EBIT Next 5Y15.72%
FCF growth 1Y-36.91%
FCF growth 3Y-15.49%
FCF growth 5Y2.8%
OCF growth 1Y-18.9%
OCF growth 3Y0.6%
OCF growth 5Y1.12%

ENI SPA / ENI.DE FAQ

What is the ChartMill fundamental rating of ENI SPA (ENI.DE) stock?

ChartMill assigns a fundamental rating of 4 / 10 to ENI.DE.


What is the valuation status for ENI stock?

ChartMill assigns a valuation rating of 6 / 10 to ENI SPA (ENI.DE). This can be considered as Fairly Valued.


Can you provide the profitability details for ENI SPA?

ENI SPA (ENI.DE) has a profitability rating of 3 / 10.


How financially healthy is ENI SPA?

The financial health rating of ENI SPA (ENI.DE) is 3 / 10.


How sustainable is the dividend of ENI SPA (ENI.DE) stock?

The dividend rating of ENI SPA (ENI.DE) is 7 / 10 and the dividend payout ratio is 69.77%.