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

0.5%

ENI

1.2%

IT Oil and Gas

2.1%

IT Market


1 Year Return

-10.1%

ENI

-3.1%

IT Oil and Gas

11.7%

IT Market

Return vs Industry: ENI underperformed the Italian Oil and Gas industry which returned -3.1% over the past year.

Return vs Market: ENI underperformed the Italian Market which returned 11.7% over the past year.


Shareholder returns

ENIIndustryMarket
7 Day0.5%1.2%2.1%
30 Day-2.9%-1.3%1.5%
90 Day-3.3%-1.0%1.9%
1 Year-4.8%-10.1%2.5%-3.1%16.6%11.7%
3 Year18.2%0.1%44.4%23.5%26.6%9.2%
5 Year10.6%-17.2%50.8%16.9%21.6%-26.3%

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 compared to its fair value and its price relative to the market?

5.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: ENI (€13.74) is trading below our estimate of fair value (€14.53)

Significantly Undervalued: ENI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ENI is poor value based on its PE Ratio (14.4x) compared to the Oil and Gas industry average (9.3x).

PE vs Market: ENI is good value based on its PE Ratio (14.4x) compared to the Italian market (17.1x).


Price to Earnings Growth Ratio

Low PEG Ratio: ENI is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: ENI is overvalued based on its PB Ratio (1x) compared to the XE Oil and Gas industry average (0.9x).


Next Steps

Future Growth

How is Eni forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?

9.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ENI's forecast earnings growth (9.6% per year) is above the savings rate (2.9%).

Earnings vs Market: ENI's earnings (9.6% per year) are forecast to grow faster than the Italian market (8.6% per year).

High Growth Earnings: ENI's earnings are forecast to grow, but not significantly.

Revenue vs Market: ENI's revenue (3.1% per year) is forecast to grow faster than the Italian market (3.1% per year).

High Growth Revenue: ENI's revenue (3.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: ENI's Return on Equity is forecast to be low in 3 years time (9%).


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

Earnings Trend: ENI's earnings have grown significantly by 29.6% per year over the past 5 years.

Accelerating Growth: ENI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ENI had negative earnings growth (-25%) over the past year, making it difficult to compare to the Oil and Gas industry average (10%).


Return on Equity

High ROE: ENI's Return on Equity (6.8%) is considered low.


Return on Assets

ROA vs Industry: ENI's Return on Assets is below or equal to the Oil and Gas industry average last year.


Return on Capital Employed

ROCE Improving: ENI's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Eni's financial position?


Financial Position Analysis

Short Term Liabilities: ENI's short term assets (€40.2B) exceeds its short term liabilities (€30.6B)

Long Term Liabilities: ENI's short term assets (40.2B) do not cover its long term liabilities (43.2B)


Debt to Equity History and Analysis

Debt Level: ENI's debt to equity ratio (49.6%) is considered high

Reducing Debt: ENI's debt to equity ratio has increased from 42.9% to 49.6% over the past 5 years.

Debt Coverage: ENI's debt is well covered by operating cash flow (59.4%).

Interest Coverage: ENI earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: ENI has a high level of physical assets or inventory.

Debt Coverage by Assets: ENI's debt is covered by short term assets (assets are 1.587190x debt).


Next Steps

Dividend

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

6.26%

Current Dividend Yield


Dividend Yield vs Market

company6.3%marketbottom25%2.1%markettop25%4.4%industryaverage6.0%forecastin3Years6.4%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: ENI's dividend (6.26%) is higher than the bottom 25% of dividend payers in the Italian market (2.07%).

High Dividend: ENI's dividend (6.26%) is in the top 25% of dividend payers in the Italian market (4.44%)

Stable Dividend: ENI's dividend payments have been volatile in the past 10 years.

Growing Dividend: ENI's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (87.8%), ENI's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ENI's dividends in 3 years are forecast to be covered by earnings (60.5% payout ratio).


Next Steps

Management

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

3.1yrs

Average management tenure


CEO

Claudio Descalzi (64yo)

2.5yrs

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

Compensation vs. Market: Claudio's total compensation ($USD7.18M) is about average for companies of similar size in the Italian market ($USD0.00).

Compensation vs Earnings: 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

3.1yrs

Average Tenure

56yo

Average Age

Experienced Management: ENI's management team is considered experienced (3.1 years average tenure).


Board Age and Tenure

5.4yrs

Average Tenure

54yo

Average Age

Experienced Board: ENI's board of directors are considered experienced (5.4 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Francesco Furci (72yo)

    Group Senior Vice President of HR & Organizations

    • Tenure: 0yrs
  • Stefano Speroni

    Senior Executive Vice President of Legal Affairs

    • Tenure: 0.8yrs
  • Fabrizio Cosco

    Managing Director of Eni Finance International S.A.

    • Tenure: 0yrs
  • Claudio Descalzi (64yo)

    CEO, GM & Director

    • Tenure: 2.5yrs
    • Compensation: €6.46m
  • Massimo Mondazzi (56yo)

    Chief Financial Officer

    • Tenure: 6.8yrs
  • Marco Bardazzi (52yo)

    Executive Vice President of External Communication

    • Tenure: 4.7yrs
  • Giuseppe Ricci (61yo)

    Chief Refining & Marketing Officer

    • Tenure: 3.1yrs
  • Luca Franceschini (53yo)

    Executive Vice President of Integrated Compliance Department

    • Tenure: 3.1yrs
  • Francesco Gattei

    Executive Vice President of Scenarios of Strategic Options & Investor Relations

    • Tenure: 0yrs
  • Stefano Maione (56yo)

    Chief Development

    • Tenure: 0.3yrs

Board Members

  • Giorgio Ruffoni

    Chairman of Stoccaggi Gas Italia

    • Tenure: 0yrs
  • Giorgio Clarizia

    Chairman of Polimeri Europa

    • Tenure: 0yrs
  • Alessandro Lorenzi (71yo)

    Non-Executive Independent Director

    • Tenure: 8.4yrs
    • Compensation: €178.00k
  • Emma Marcegaglia (54yo)

    Chairman of the Board

    • Tenure: 5.4yrs
    • Compensation: €500.00k
  • Rosalba Casiraghi (69yo)

    Chairman of the Board of Statutory Auditors

    • Tenure: 2.5yrs
  • Diva Moriani (51yo)

    Non-Executive Independent Director

    • Tenure: 5.4yrs
    • Compensation: €192.00k
  • Claudio Descalzi (64yo)

    CEO, GM & Director

    • Tenure: 2.5yrs
    • Compensation: €6.46m
  • Emma Marcegaglia (54yo)

    Chairman of the Board

    • Tenure: 5.4yrs
  • Andrea Gemma (46yo)

    Non-Executive Independent Director

    • Tenure: 5.4yrs
    • Compensation: €199.00k
  • Fabrizio Pagani (52yo)

    Chairman of Advisory Board & Non Executive Director

    • Tenure: 2.3yrs
    • 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: €49.486b
  • 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 Analysis2019/10/17 20:49
End of Day Share Price2019/10/17 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.