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Eni SPA (E)
NYSE:E
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Eni SPA
(NYSE:E)
Rating:73Outperform
Price Target:
$36.00
▲(9.79%Upside)
Eni SPA (E) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$50.13B
Dividend Yield3.38%
Average Volume (3M)306.31K
Price to Earnings (P/E)18.4
Beta (1Y)0.28
Revenue Growth-2.17%
EPS Growth-25.00%
CountryUS
Employees32,492
SectorEnergy
Sector Strength54
IndustryOil & Gas Integrated
Share Statistics
EPS (TTM)1.03
Shares Outstanding1,573,382,600
10 Day Avg. Volume375,449
30 Day Avg. Volume306,314
Financial Highlights & Ratios
PEG Ratio-6.91
Price to Book (P/B)0.82
Price to Sales (P/S)0.00
P/FCF Ratio8.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$31.80Price Target Upside-3.02% Downside
Rating ConsensusHold
Number of Analyst Covering1
Eni SPA Business Overview & Revenue Model
Company DescriptionEni S.p.A. engages in the exploration, development, and production of crude oil and natural gas. It operates through Exploration & Production; Global Gas & LNG Portfolio; Refining & Marketing and Chemicals; Plenitude and Power; and Corporate and Other activities segments. The Exploration & Production segment is involved in the research, development, and production of oil, condensates and natural gas; and forestry conservation and CO2 capture and storage projects. The Global Gas & LNG Portfolio segment engages in the supply and wholesale of natural gas by pipeline, international transport; and purchase and marketing of LNG. The Refining & Marketing and Chemicals segment is involved in the processing, supply, distribution, and marketing of fuels and chemicals. The Eni gas e luce, Power & Renewables segment engages in the retail sales of gas, electricity, and related activities, as well as in the production and wholesale of electricity produced by thermoelectric and renewable plants. As of December 31, 2021, it had net proved reserves of 6,628 million barrels of oil equivalent; and installed operational capacity of 4.5 GW. The company was founded in 1953 and is headquartered in Rome, Italy.
How the Company Makes MoneyEni S.p.A. generates revenue primarily through the exploration, production, and sale of oil and natural gas. The company's key revenue streams include upstream operations, which involve the extraction and production of hydrocarbons, as well as downstream operations, which cover the refining and marketing of petroleum products. Eni also earns income from its gas and power segment, which involves the trading and sale of natural gas and electricity. Additionally, Eni has been investing in renewable energy projects, including solar and wind power, to diversify its revenue sources and capitalize on the growing demand for sustainable energy. Significant partnerships with international and national oil companies, as well as investments in technology and innovation, contribute to Eni's earnings by enhancing its operational efficiency and market reach.
Eni SPA Earnings Call Summary
Earnings Call Date:Apr 24, 2025
(Q1-2025)
| % Change Since: 17.32%|
Next Earnings Date:Jul 25, 2025
Earnings Call Sentiment Positive
The earnings call reflected a strong financial and operational performance, with significant progress in strategic initiatives and a robust financial position. However, challenges remain in refining and chemicals, as well as in biofuel margins.Q1-2025 Updates
Positive Updates
Strong Financial Performance
Net income of €1.4 billion, up around 60% quarter-on-quarter, demonstrating financial resilience and strong performance in line with expectations.
Upstream Production and Strategic Start-Ups
Initiation of production at Johan Castberg and plans for further start-ups, targeting over 400,000 barrels per day by Q4, setting up for a strong 2026.
Transition Business Developments
Construction of a 200 MW battery in Texas by Plenitude and a new 400,000 ton per year SAF facility at Gela, Sicily, showing significant progress in transition businesses.
Successful Portfolio Management
Achieved €3 billion in valorization and divestment proceeds, with significant cash inflows from increased stakes in Plenitude and Enilive.
Enhanced Financial Position
Balance sheet leverage reduced to 18%, with Pro Forma leverage at 12%, the minimum in company history, indicating strong financial positioning.
Negative Updates
Challenges in Refining and Chemicals
Both segments were loss-making, with refining results affected by weak margins and chemicals facing a challenging scenario in Europe.
Biofuel Margin Impact
Enilive was impacted by the deterioration in biofuel margins year-on-year and lower biorefinery utilization.
Company Guidance
In the recent conference call, Eni provided extensive guidance on its strategic and financial outlook for 2025. Key metrics highlighted include a first-quarter net income of €1.4 billion, marking a 60% increase quarter-on-quarter, and upstream production in line with expectations, supporting a full-year production target of 1.7 million barrels per day. The company reported cash flows before working capital of €3.4 billion, consistent with the full-year guidance of €13 billion at $75 per barrel. Capital expenditures in the quarter were €1.9 billion, slightly below the run-rate of €9 billion. Eni's balance sheet leverage was reduced to 18%, with a pro forma leverage of 12%, reflecting the company's strong financial position. The company also announced plans for a €1.5 billion share buyback program, subject to shareholder approval, and highlighted strategic divestments, including a major dual exploration valorization expected to generate $2.7 billion. Eni confirmed its full-year cash flow from operations guidance of €11 billion and reaffirmed its profitability outlook for key segments such as GGP, Enilive, and Plenitude. The company emphasized its resilience amid market volatility, supported by strategic cost savings initiatives, including €2 billion in cash flow enhancements through CAPEX rescheduling, portfolio optimization, and working capital management.Eni SPA Financial Statement Overview
Summary
Eni SPA exhibits strong operational efficiency and robust cash flow generation. Despite a solid financial position, challenges persist due to recent revenue declines and profit fluctuations, necessitating strategic cost management.Income Statement
Eni SPA shows a strong gross profit margin of 12.5% and an EBITDA margin of 23.8% for TTM, indicating solid operational efficiency amidst industry challenges. However, the net profit margin has slightly declined to 2.9% due to increased operating expenses. Revenue growth has been negative recently, with a 5.8% decrease from the previous annual report, reflecting market volatility in the Oil & Gas sector.75
Positive
Balance Sheet
The company maintains a moderate debt-to-equity ratio of 0.67, demonstrating a balanced approach to leverage. The equity ratio stands at 37.1%, showing a solid equity base. However, ROE has decreased to 4.9% TTM, highlighting challenges in generating returns on equity.70
Positive
Cash Flow
Operating cash flow has remained robust with a slight increase, resulting in a high operating cash flow to net income ratio of 5.2, indicating efficient cash generation relative to net income. Free cash flow growth is modest at 4.7%, but the company maintains strong free cash flow relative to net income, ensuring cash availability for strategic initiatives.78
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 88.91B | 91.21B | 93.72B | 132.51B | 76.58B | 43.99B |
| Gross Profit | 11.09B | 20.25B | 12.40B | 22.78B | 13.96B | 3.13B |
| EBITDA | 21.20B | 16.82B | 17.76B | 28.52B | 19.86B | 3.60B |
| Net Income | 2.60B | 2.62B | 4.77B | 13.89B | 5.82B | -8.63B |
Balance Sheet | ||||||
| Total Assets | 144.46B | 146.95B | 142.61B | 152.17B | 137.76B | 109.65B |
| Cash, Cash Equivalents and Short-Term Investments | 16.75B | 14.98B | 16.98B | 19.91B | 18.86B | 15.17B |
| Total Debt | 35.80B | 34.97B | 33.11B | 31.87B | 33.13B | 31.70B |
| Total Liabilities | 87.19B | 91.26B | 88.96B | 96.94B | 93.25B | 72.16B |
| Stockholders Equity | 53.55B | 52.83B | 53.18B | 54.76B | 44.44B | 37.41B |
Cash Flow | ||||||
| Free Cash Flow | 5.33B | 5.09B | 5.90B | 5.04B | 7.63B | 190.00M |
| Operating Cash Flow | 13.57B | 13.09B | 15.12B | 5.82B | 12.86B | 4.82B |
| Investing Cash Flow | -8.47B | -9.82B | -9.37B | -3.71B | -12.02B | -4.59B |
| Financing Cash Flow | -4.74B | -5.38B | -5.67B | -1.09B | -2.04B | 3.25B |
Eni SPA Technical Analysis
Positive
32.79
Price Trends
30.30
Positive
29.46
Positive
28.91
Positive
Market Momentum
0.74
Positive
63.70
Neutral
76.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For E, the sentiment is Positive. The current price of 32.79 is above the 20-day moving average (MA) of 32.10, above the 50-day MA of 30.30, and above the 200-day MA of 28.91, indicating a bullish trend. The MACD of 0.74 indicates Positive momentum. The RSI at 63.70 is Neutral, neither overbought nor oversold. The STOCH value of 76.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for E.
Eni SPA Peers Comparison
Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $140.30B | 10.29 | 11.75% | 4.53% | -9.86% | -32.59% | |
76 Outperform | $210.61B | 14.08 | 7.40% | 3.96% | ― | ― | |
75 Outperform | $79.74B | 9.93 | 11.25% | 25.78% | -10.84% | -61.73% | |
73 Outperform | $50.13B | 18.38 | 4.78% | 3.38% | -2.17% | -25.00% | |
73 Outperform | $64.49B | 8.09 | 18.28% | 5.71% | 3.96% | -1.69% | |
65 Neutral | $80.49B | 186.20 | -1.87% | 6.14% | -7.70% | -113.83% | |
57 Neutral | HK$84.34B | 3.62 | -2.08% | 4.89% | -4.66% | -42.32% |
* Energy Sector Average
Performance Comparison
E
Eni SPA
32.79
3.37
11.45%
BP
BP
30.93
-3.50
-10.17%
PBR
Petroleo Brasileiro SA- Petrobras
13.06
-0.10
-0.76%
SHEL
Shell
71.92
2.14
3.07%
EQNR
Equinor ASA
25.69
0.12
0.47%
TTE
TotalEnergies
62.72
-3.87
-5.81%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.