BIT:ENI

Stock Analysis Report

Executive Summary

Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses.

Snowflake

Fundamentals

Average dividend payer with moderate growth potential.


Similar Companies

Share Price & News

How has Eni's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.9%

BIT:ENI

1.1%

IT Oil and Gas

3.4%

IT Market


1 Year Return

-18.2%

BIT:ENI

-5.5%

IT Oil and Gas

-1.9%

IT Market

ENI underperformed the Oil and Gas industry which returned -5.8% over the past year.

ENI underperformed the Market in Italy which returned -3.6% over the past year.


Share holder returns

ENIIndustryMarket
7 Day1.9%1.1%3.4%
30 Day-6.7%-5.3%-3.7%
90 Day-4.1%-4.6%1.6%
1 Year-13.7%-18.2%-0.3%-5.5%2.3%-1.9%
3 Year16.8%-1.2%43.3%23.1%21.1%4.3%
5 Year-6.6%-30.0%29.7%1.2%7.9%-35.6%

Price Volatility Vs. Market

How volatile is Eni's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Eni undervalued based on future cash flows and its price relative to the stock market?

6%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Eni's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Eni's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Eni is overvalued based on earnings compared to the Europe Oil and Gas industry average.

Eni is good value based on earnings compared to the Italy market.


Price Based on Expected Growth

Eni is poor value based on expected growth next year.


Price Based on Value of Assets

Eni is overvalued based on assets compared to the Europe Oil and Gas industry average.


Next Steps

Future Growth

How is Eni expected to perform in the next 1 to 3 years based on estimates from 21 analysts?

10.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Eni's revenue is expected to grow by 5.3% yearly, however this is not considered high growth (20% yearly).

Eni's earnings are expected to grow by 10.1% yearly, however this is not considered high growth (20% yearly).

Eni's revenue growth is expected to exceed the Italy market average.

Eni's earnings growth is expected to exceed the Italy market average.

Eni's earnings growth is expected to exceed the low risk savings rate of 2.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Eni is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Eni performed over the past 5 years?

29.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Eni has delivered over 20% year on year earnings growth in the past 5 years.

Eni's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Eni's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.


Return on Equity

Eni has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Eni used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.


Return on Capital Employed

Eni has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).


Next Steps

Financial Health

How is Eni's financial position?


Financial Position Analysis

Eni is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Eni's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Eni's level of debt (49.6%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (42.9% vs 49.6% today).

Debt is well covered by operating cash flow (59.4%, greater than 20% of total debt).

Eni earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.6x debt.


Next Steps

Dividend

What is Eni's current dividend yield, its reliability and sustainability?

6.59%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Eni's pays a higher dividend yield than the bottom 25% of dividend payers in Italy (2.06%).

Eni's dividend is above the markets top 25% of dividend payers in Italy (4.52%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.1x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.7x coverage).


Next Steps

Management

What is the CEO of Eni's salary, the management and board of directors tenure and is there insider trading?

2.9yrs

Average management tenure


CEO

Claudio Descalzi (64yo)

2.3yrs

Tenure

€6,456,000

Compensation

Mr. Claudio Descalzi has been the Chief Executive Officer of Eni SpA since May 9, 2014 and serves as its General Manager. Mr. Descalzi served as the President of Assomineraria from 2006 to 2014 and Vice Pr ...


CEO Compensation Analysis

Claudio's remuneration is higher than average for companies of similar size in Italy.

Claudio's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

2.9yrs

Average Tenure

56yo

Average Age

The tenure for the Eni management team is about average.


Board Age and Tenure

5.3yrs

Average Tenure

57.5yo

Average Age

The tenure for the Eni board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Francesco Furci (72yo)

    Group Senior Vice President of HR & Organizations

    • Tenure: 0.0yrs
  • Stefano Speroni

    Senior Executive Vice President of Legal Affairs

    • Tenure: 0.6yrs
  • Fabrizio Cosco

    Managing Director of Eni Finance International S.A.

    • Tenure: 0.0yrs
  • Claudio Descalzi (64yo)

    CEO, GM & Director

    • Tenure: 2.3yrs
    • Compensation: €6.46m
  • Massimo Mondazzi (56yo)

    Chief Financial Officer

    • Tenure: 6.7yrs
  • Marco Bardazzi (52yo)

    Executive Vice President of External Communication

    • Tenure: 4.5yrs
  • Giuseppe Ricci (61yo)

    Chief Refining & Marketing Officer

    • Tenure: 2.9yrs
  • Luca Franceschini (53yo)

    Executive Vice President of Integrated Compliance Department

    • Tenure: 2.9yrs
  • Francesco Gattei

    Executive Vice President of Scenarios of Strategic Options & Investor Relations

    • Tenure: 0.0yrs
  • Stefano Maione (56yo)

    Chief Development

    • Tenure: 0.1yrs

Board Members

  • Giorgio Ruffoni

    Chairman of Stoccaggi Gas Italia

    • Tenure: 0.0yrs
  • Giorgio Clarizia

    Chairman of Polimeri Europa

    • Tenure: 0.0yrs
  • Alessandro Lorenzi (71yo)

    Non-Executive Independent Director

    • Tenure: 8.3yrs
    • Compensation: €178.00k
  • Rosalba Casiraghi (69yo)

    Chairman of the Board of Statutory Auditors

    • Tenure: 2.3yrs
  • Diva Moriani (51yo)

    Non-Executive Independent Director

    • Tenure: 5.3yrs
    • Compensation: €192.00k
  • Claudio Descalzi (64yo)

    CEO, GM & Director

    • Tenure: 2.3yrs
    • Compensation: €6.46m
  • Emma Marcegaglia (54yo)

    Chairman of the Board

    • Tenure: 5.3yrs
    • Compensation: €500.00k
  • Andrea Gemma (46yo)

    Non-Executive Independent Director

    • Tenure: 5.3yrs
    • Compensation: €199.00k
  • Pietro Guindani (61yo)

    Non-Executive Independent Director

    • Tenure: 5.3yrs
    • Compensation: €155.00k
  • Fabrizio Pagani (52yo)

    Chairman of Advisory Board & Non Executive Director

    • Tenure: 2.1yrs
    • Compensation: €162.00k

Company Information

Eni S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Eni S.p.A.
  • Ticker: ENI
  • Exchange: BIT
  • Founded: 1953
  • Industry: Integrated Oil and Gas
  • Sector: Energy
  • Market Cap: €48.067b
  • Shares outstanding: 3.60b
  • Website: https://www.eni.com

Number of Employees


Location

  • Eni S.p.A.
  • Piazzale Enrico Mattei 1
  • Rome
  • Rome
  • 144
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ENYSE (New York Stock Exchange)ADR EACH REP 2 ORD (MGT)USUSDNov 1995
0TD2LSE (London Stock Exchange)ADR EACH REP 2 ORD (MGT)GBUSDNov 1995
E NBMV (Bolsa Mexicana de Valores)ADR EACH REP 2 ORD (MGT)MXMXNNov 1995
ENIBIT (Borsa Italiana)YesOrdinary SharesITEURNov 1995
0N9SLSE (London Stock Exchange)YesOrdinary SharesGBEURNov 1995
EIPA.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 1995
ENIDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 1995
ENIWBAG (Wiener Boerse AG)YesOrdinary SharesATEURNov 1995
ENISWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFNov 1995
ENIENXTBR (Euronext Brussels)YesOrdinary SharesBEEURNov 1995
ENIXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURNov 1995

Biography

Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses. The company is involved in the oil and natural gas exploration, and field development and production a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 20:50
End of Day Share Price2019/08/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.