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ENI S.p.A. (IT:ENI)
:ENI

ENI S.p.A. (ENI) AI Stock Analysis

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IT

ENI S.p.A.

(LSE:ENI)

Rating:76Outperform
Price Target:
€14.50
▲(6.23%Upside)
ENI S.p.A.'s strong financial performance and attractive valuation are the most significant factors driving its stock score. While technical analysis shows some caution, especially with the stock trading below key moving averages, the company's robust dividend yield and stable financial structure provide solid support for its overall appeal.
Positive Factors
Energy Transition
Eni is capitalizing on the growing demand for cleaner energy sources by investing heavily in wind, solar and biofuels.
Shareholder Returns
Eni intends to raise the 2025 dividend by 5% to €1.05/share, showing a commitment to rewarding shareholders.
Strategic Execution
Eni continues to build up a positive track record in terms of strategy execution on various fronts.
Negative Factors
Financial Performance
Earnings growth is likely to be a concern, with drag from oil prices as well as weak refining and chemicals market.
Oil Price Volatility
The primary risk is the volatility of natural gas and crude oil prices which can significantly impact earnings and cash flow.
Refining Margins
Divisional losses expanded across Refining and Chemicals and it cut its FY25 refining margin guide.

ENI S.p.A. (ENI) vs. iShares MSCI Italy ETF (EWI)

ENI S.p.A. 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 and production of oil and natural gas, which it sells in the global market. The company's upstream segment involves the extraction of crude oil and natural gas, which are then sold to refineries or third parties. ENI's downstream operations include refining crude oil into various petroleum products and marketing these products to consumers and businesses. Additionally, ENI invests in renewable energy projects and generates income through its power generation and chemical production activities. Strategic partnerships and joint ventures with other energy companies also play a significant role in enhancing ENI's operational capabilities and revenue potential.

ENI S.p.A. Financial Statement Overview

Summary
ENI S.p.A. exhibits strong financial health with robust profitability and a stable balance sheet. The company faces revenue growth challenges but maintains efficiency in operations and prudent financial leverage. Cash flow management is effective, although there is room for improvement in capital expenditure control.
Income Statement
75
Positive
ENI S.p.A. has demonstrated solid profitability with a consistent gross profit margin, though it has slightly decreased in the TTM period to 12.5% from 22.2% in the previous year. The net profit margin in the TTM period is 2.93%, showing a decline from 2.90% in the previous year. Revenue has seen fluctuations, with a decrease in the TTM period compared to the previous annual report, indicating potential challenges in maintaining revenue growth. EBITDA and EBIT margins remain healthy, indicating operational efficiency.
Balance Sheet
80
Positive
The balance sheet reflects a strong equity position with a total debt-to-equity ratio of 0.67 in the TTM period, down from 0.70, indicating prudent financial leverage. The equity ratio stands at 37.08%, showcasing a stable financial structure. Return on equity in the TTM period is 4.86%, slightly down from 5.00% in the previous year, suggesting stable profitability with minor fluctuations.
Cash Flow
70
Positive
The cash flow statement reveals a robust free cash flow generation of €5,363 million in the TTM period, slightly higher than the previous year's €5,093 million. The operating cash flow to net income ratio is strong at 5.18, indicating efficient cash generation relative to earnings. However, the free cash flow to net income ratio decreased to 2.06 from 1.93, suggesting a need for careful capital expenditure management.
Breakdown
TTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
88.91B91.21B93.72B132.51B76.58B43.99B
Gross Profit
11.09B20.25B13.47B22.78B13.96B3.13B
EBIT
6.58B5.25B9.75B17.51B12.34B-3.27B
EBITDA
20.67B16.82B17.76B28.52B19.86B3.60B
Net Income Common Stockholders
2.60B2.62B4.77B13.89B5.82B-8.63B
Balance SheetCash, Cash Equivalents and Short-Term Investments
16.75B14.98B16.98B19.91B18.86B15.17B
Total Assets
144.46B146.95B142.61B152.17B137.76B109.65B
Total Debt
35.80B34.97B39.14B31.87B33.13B31.70B
Net Debt
26.66B26.84B28.95B21.71B24.88B22.29B
Total Liabilities
87.19B91.26B88.96B96.94B93.25B72.16B
Stockholders Equity
53.55B52.83B53.18B54.76B44.44B37.41B
Cash FlowFree Cash Flow
5.36B5.09B5.90B5.04B7.63B190.00M
Operating Cash Flow
13.49B13.09B15.12B5.82B12.86B4.82B
Investing Cash Flow
-7.76B-9.82B-9.37B-3.71B-12.02B-4.59B
Financing Cash Flow
-4.74B-5.38B-5.67B-1.09B-2.04B3.25B

ENI S.p.A. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price13.65
Price Trends
50DMA
12.73
Positive
100DMA
13.06
Positive
200DMA
13.13
Positive
Market Momentum
MACD
0.20
Negative
RSI
68.99
Neutral
STOCH
92.34
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:ENI, the sentiment is Positive. The current price of 13.65 is above the 20-day moving average (MA) of 13.13, above the 50-day MA of 12.73, and above the 200-day MA of 13.13, indicating a bullish trend. The MACD of 0.20 indicates Negative momentum. The RSI at 68.99 is Neutral, neither overbought nor oversold. The STOCH value of 92.34 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:ENI.

ENI S.p.A. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
ITTRN
78
Outperform
€17.85B16.7919.05%3.87%15.80%19.91%
ITTEN
78
Outperform
€16.98B10.3610.53%4.87%-14.41%-44.84%
ITENI
76
Outperform
€41.61B16.384.83%7.01%-1.16%-23.76%
ITSRG
75
Outperform
€17.54B13.9316.18%4.44%-16.40%10.90%
ITSPM
70
Outperform
€4.77B15.5512.44%7.03%22.53%73.36%
ITGSP
67
Neutral
€191.29M15.245.46%3.42%-15.45%-74.50%
58
Neutral
$7.37B3.39-4.49%10.01%0.82%-49.15%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IT:ENI
ENI S.p.A.
13.65
0.68
5.21%
IT:TRN
Terna S.p.A.
8.93
1.61
21.94%
IT:TEN
Tenaris
15.63
1.51
10.71%
IT:SRG
SNAM S.p.A.
5.24
1.19
29.32%
IT:SPM
Saipem SpA
2.37
0.42
21.87%
IT:GSP
Gas Plus S.p.A.
4.43
2.08
88.27%

ENI S.p.A. Corporate Events

Eni S.p.A. Advances Share Buyback Program with New Purchases
Jun 11, 2025

Eni S.p.A. announced the purchase of 3,779,312 of its own shares on Euronext Milan between June 2 and June 6, 2025, as part of a buyback program. This transaction, valued at over 50 million euros, represents 0.12% of the company’s share capital. Since the initiation of the buyback program on May 20, 2025, Eni has acquired a total of 10,719,220 shares, amounting to 0.34% of its share capital, reflecting its strategy to enhance shareholder value and optimize capital structure.

The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR18.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.

ENI S.p.A. Announces Merger with Spanish Subsidiary
May 27, 2025

ENI S.p.A. announced the merger of its subsidiary, Eni España Comercializadora de Gas, S.A.U., into the parent company. This strategic move, filed with the Rome Companies Register, aims to streamline operations and enhance corporate structure. Shareholders and stakeholders have been notified of their rights and the procedures to submit observations on the merger project, with a final decision expected by July 2025.

The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR18.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.

Eni S.p.A. Approves 2024 Financials and Strategic Shareholder Returns
May 17, 2025

Eni S.p.A.’s recent shareholders’ meeting resulted in the approval of the 2024 financial statements, showing a profit of over 6.4 billion euros, which will be allocated to the available reserve. The meeting also authorized a share buyback program and a distribution plan in lieu of dividends, reflecting a strategic focus on shareholder returns and financial restructuring. These resolutions, including the reduction of the revaluation reserve and potential share cancellations, indicate Eni’s commitment to optimizing its capital structure and enhancing shareholder value.

The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR18.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.

Eni Launches New Share Buyback Program to Enhance Shareholder Value
May 16, 2025

Eni has announced the initiation of a new share buyback program following shareholder approval, aiming to repurchase up to 315 million shares, which equates to about 10% of its share capital, with a budget of up to 1.5 billion euros. This program, which could potentially increase to 3.5 billion euros depending on cash flow, is designed to offer additional shareholder remuneration and involves canceling the repurchased shares by July 2026, potentially enhancing shareholder value and reflecting confidence in the company’s financial stability.

The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR18.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.

Eni Successfully Issues $1 Billion Bond in U.S. Market
May 12, 2025

Eni has successfully issued a 10-year fixed-rate bond in the U.S. market, raising $1 billion with significant interest from over 200 professional investors. The bond issuance, which will help finance Eni’s ordinary financial needs, underscores the company’s strong market positioning and investor confidence.

The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR18.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.

Eni S.p.A. Announces New Fixed-Rate Bond Issuance
May 12, 2025

Eni S.p.A. announced the issuance of a new fixed-rate bond in U.S. dollars with a 10-year duration, aimed at maintaining a balanced financial structure and supporting the company’s general needs. This bond issuance, targeted at institutional investors, involves a syndicate of major banks as joint bookrunners, reflecting Eni’s strategic financial management and its commitment to strengthening its market position.

The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR18.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.

ENI S.p.A. Announces Strategic Merger with Eni España Comercializadora de Gas
May 6, 2025

ENI S.p.A. has announced the merger by incorporation of Eni España Comercializadora de Gas, S.A.U. into its operations, following approval from the boards of directors of both companies. This strategic move is expected to streamline operations and enhance ENI’s market positioning in the European energy sector, potentially benefiting stakeholders through improved efficiency and integration.

ENI S.p.A. Reports Strong Q1 2025 Results Amid Strategic Advancements
Apr 24, 2025

ENI S.p.A. reported solid financial results for the first quarter of 2025, driven by strategic exploration successes and partnerships. The company achieved significant milestones, including a historic agreement with Cyprus and Egypt to export gas to Europe, and the development of a joint venture with Petronas in Indonesia. These moves are expected to enhance ENI’s market position and provide substantial financial returns, supporting its transition-related initiatives and shareholder value.

Eni Finalizes Stake Sale to KKR, Boosting Enilive’s Growth
Apr 11, 2025

Eni has completed a transaction with KKR, increasing KKR’s stake in Enilive to 30% by purchasing an additional 5% of shares for approximately 601 million euros. This transaction, which supports Enilive’s growth plan, results in a total equity valuation of 11.75 billion euros for Enilive and generates total proceeds of 3.6 billion euros for Eni.

ENI S.p.A. Announces 2025 Shareholders’ Meeting Agenda
Apr 4, 2025

ENI S.p.A. has announced its Ordinary and Extraordinary Shareholders’ Meeting scheduled for May 14, 2025, in Rome. The agenda includes discussions on financial statements, allocation of net profit, amendments to the Long-term incentive plan, and authorization for the purchase of treasury shares. The meeting will be conducted through a designated Shareholders’ Representative, with documentation available on the company’s website and other platforms. This meeting is significant for stakeholders as it addresses key financial and strategic decisions impacting ENI’s future operations and shareholder value.

Eni Proposes New Buyback Program to Enhance Shareholder Returns
Apr 3, 2025

Eni’s Board of Directors has proposed a new buyback program to be presented at the upcoming Shareholders’ Meeting, aiming to purchase up to 315 million treasury shares, approximately 10% of its share capital, by April 2026. This initiative is part of Eni’s 2025-2028 Strategic Plan, which seeks to distribute a significant portion of its cash flow to shareholders through dividends and buybacks, potentially increasing the buyback amount to 3.5 billion euros if cash flow exceeds expectations.

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.