Projected Income Statement: Eni

Forecast Balance Sheet: Eni

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 18,576 11,972 16,235 18,628 15,086 12,345 10,997 9,494
Change - -35.55% 35.61% 14.74% -19.01% -18.17% -10.92% -13.67%
Announcement Date 18/02/22 23/02/23 16/02/24 27/02/25 26/02/26 - - -
1EUR in Million
Estimates

Cash Flow Forecast: Eni

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 5,234 8,056 9,215 8,485 8,647 7,346 6,519 6,526
Change - 53.92% 14.39% -7.92% 1.91% -15.05% -11.25% 0.1%
Free Cash Flow (FCF) 1 7,617 9,404 5,904 4,607 4,683 8,829 7,962 8,628
Change - 23.46% -37.22% -21.97% 1.65% 88.52% -9.82% 8.37%
Announcement Date 18/02/22 23/02/23 16/02/24 27/02/25 26/02/26 - - -
1EUR in Million
Estimates

Forecast Financial Ratios: Eni

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 21.85% 18.71% 22.71% 20.37% 19.1% 20.07% 20.55% 21.67%
EBIT Margin (%) 12.63% 15.42% 14.73% 11.65% 10.16% 12.73% 12.38% 12.86%
EBT Margin (%) 14.5% 16.69% 10.89% 7.33% 7.03% 14.28% 13.55% 13.78%
Net margin (%) 8% 10.44% 5.07% 2.97% 3.17% 7.74% 6.74% 7.21%
FCF margin (%) 9.95% 7.11% 6.3% 5.19% 5.7% 8.72% 8.78% 9.95%
FCF / Net Income (%) 124.3% 68.1% 124.37% 174.44% 179.56% 112.62% 130.21% 137.94%

Profitability

        
ROA 3.83% 9.53% 5.63% 3.64% 3.51% 5.65% 4.98% 4.33%
ROE 11.54% 26.84% 15.38% 9.93% 9.91% 15.58% 12.36% 11.85%

Financial Health

        
Leverage (Debt/EBITDA) 1.11x 0.48x 0.76x 1.03x 0.96x 0.61x 0.59x 0.51x
Debt / Free cash flow 2.44x 1.27x 2.75x 4.04x 3.22x 1.4x 1.38x 1.1x

Capital Intensity

        
CAPEX / Current Assets (%) 6.84% 6.09% 9.83% 9.56% 10.53% 7.26% 7.19% 7.53%
CAPEX / EBITDA (%) 31.29% 32.56% 43.3% 46.9% 55.1% 36.15% 34.99% 34.74%
CAPEX / FCF (%) 68.71% 85.67% 156.08% 184.18% 184.65% 83.2% 81.88% 75.64%

Items per share

        
Cash flow per share 1 3.596 5.003 4.544 4.053 4.317 4.97 4.981 5.343
Change - 39.12% -9.17% -10.81% 6.51% 15.15% 0.21% 7.26%
Dividend per Share 1 0.86 0.88 0.94 1 1.05 1.122 1.144 1.19
Change - 2.33% 6.82% 6.38% 5% 6.87% 1.92% 4.04%
Book Value Per Share 1 12.5 15.72 16.09 16.68 15.85 17.29 18.19 19.26
Change - 25.75% 2.36% 3.67% -4.99% 9.1% 5.19% 5.9%
EPS 1 1.69 3.93 1.4 0.79 0.78 2.761 2.297 2.376
Change - 132.54% -64.38% -43.57% -1.27% 253.93% -16.8% 3.43%
Nbr of stocks (in thousands) 35,38,443 33,64,864 32,21,837 30,87,185 30,32,919 29,14,412 29,14,412 29,14,412
Announcement Date 18/02/22 23/02/23 16/02/24 27/02/25 26/02/26 - - -
1EUR
Estimates
2026 *2027 *
P/E 8.78x 10.6x
PBR 1.4x 1.33x
EV / Sales 0.82x 0.9x
Yield 4.63% 4.72%

EPS & Dividend



Y-o-Y evolution of P/E

 

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
22
Last Close Price
24.24EUR
Average target price
25.59EUR
Spread / Average Target
+5.58%

Quarterly revenue - Rate of surprise

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