Company Valuation: Eni

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 43,240 44,706 49,449 40,411 48,951 70,791 - -
Change - 3.39% 10.61% -18.28% 21.13% 44.62% - -
Enterprise Value (EV) 1 61,816 56,678 65,684 59,039 64,037 83,358 81,699 80,185
Change - -8.31% 15.89% -10.12% 8.47% 30.17% -1.99% -1.85%
P/E 7.23x 3.38x 11x 16.6x 20.7x 8.77x 10.5x 10.3x
PBR 0.98x 0.85x 0.95x 0.78x 1.02x 1.42x 1.34x 1.26x
PEG - 0x -0.2x -0.4x -16.35x 0x -0.6x 5.06x
Capitalization / Revenue 0.56x 0.34x 0.53x 0.46x 0.6x 0.71x 0.77x 0.83x
EV / Revenue 0.81x 0.43x 0.7x 0.66x 0.78x 0.84x 0.89x 0.94x
EV / EBITDA 3.7x 2.29x 3.09x 3.26x 4.08x 4.15x 4.35x 4.32x
EV / EBIT 6.39x 2.78x 4.76x 5.71x 7.67x 6.47x 7.32x 7.4x
EV / FCF 8.12x 6.03x 11.1x 12.8x 13.7x 9.6x 9.68x 8.97x
FCF Yield 12.3% 16.6% 8.99% 7.8% 7.31% 10.4% 10.3% 11.1%
Dividend per Share 2 0.86 0.88 0.94 1 1.05 1.141 1.144 1.19
Rate of return 7.04% 6.62% 6.12% 7.64% 6.51% 4.64% 4.65% 4.84%
EPS 2 1.69 3.93 1.4 0.79 0.78 2.802 2.337 2.384
Distribution rate 50.9% 22.4% 67.1% 127% 135% 40.7% 48.9% 49.9%
Net sales 1 76,570 1,32,237 93,717 88,797 82,151 99,193 91,559 85,255
EBITDA 1 16,729 24,740 21,284 18,091 15,693 20,073 18,797 18,565
EBIT 1 9,667 20,391 13,805 10,348 8,344 12,880 11,160 10,834
Net income 1 6,128 13,810 4,747 2,641 2,608 7,859 6,391 6,337
Net Debt 1 18,576 11,972 16,235 18,628 15,086 12,567 10,908 9,394
Reference price 2 12.22 13.29 15.35 13.09 16.14 24.58 24.58 24.58
Nbr of stocks (in thousands) 35,38,443 33,64,864 32,21,837 30,87,185 30,32,919 29,14,412 - -
Announcement Date 18/02/22 23/02/23 16/02/24 27/02/25 26/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.15x3.43x6.49x5.44% 1,64600Cr
12.61x1.83x6.02x3.46% 40TCr
8.19x0.62x4x6.36% 30TCr
8.38x0.96x4.18x3.22% 28TCr
8.16x1.07x4.43x4.5% 20TCr
6.03x1.66x2.66x7.57% 15TCr
3.98x1.61x3.01x8.36% 13TCr
7.67x0.83x2.02x3.69% 10TCr
8.77x0.85x4.19x4.64% 8.15TCr
Average 8.55x 1.43x 4.11x 5.25% 36.51TCr
Weighted average by Cap. 10.97x 2.33x 5.38x 5.17%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield