Company Valuation: Eni S.p.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 43,240 44,706 49,449 40,411 48,951 69,244 - -
Change - 3.39% 10.61% -18.28% 21.13% 41.45% - -
Enterprise Value (EV) 1 61,816 56,678 65,684 59,039 64,037 81,185 79,969 78,730
Change - -8.31% 15.89% -10.12% 8.47% 26.78% -1.5% -1.55%
P/E ratio 7.23x 3.38x 11x 16.6x 20.7x 9.27x 10.3x 10.1x
PBR 0.98x 0.85x 0.95x 0.78x 1.02x 1.37x 1.3x 1.23x
PEG - 0x -0.2x -0.4x -16.35x 0x -1.04x 7.38x
Capitalization / Revenue 0.56x 0.34x 0.53x 0.46x 0.6x 0.65x 0.72x 0.74x
EV / Revenue 0.81x 0.43x 0.7x 0.66x 0.78x 0.76x 0.84x 0.84x
EV / EBITDA 3.7x 2.29x 3.09x 3.26x 4.08x 3.89x 4.23x 4.13x
EV / EBIT 6.39x 2.78x 4.76x 5.71x 7.67x 6.15x 7.2x 7.14x
EV / FCF 8.12x 6.03x 11.1x 12.8x 13.7x 10x 10.8x 10.4x
FCF Yield 12.3% 16.6% 8.99% 7.8% 7.31% 9.99% 9.24% 9.65%
Dividend per Share 2 0.86 0.88 0.94 1 1.05 1.096 1.142 1.188
Rate of return 7.04% 6.62% 6.12% 7.64% 6.51% 4.65% 4.85% 5.04%
EPS 2 1.69 3.93 1.4 0.79 0.78 2.54 2.289 2.32
Distribution rate 50.9% 22.4% 67.1% 127% 135% 43.1% 49.9% 51.2%
Net sales 1 76,570 1,32,237 93,717 88,797 82,151 1,06,963 95,649 93,996
EBITDA 1 16,729 24,740 21,284 18,091 15,693 20,878 18,927 19,080
EBIT 1 9,667 20,391 13,805 10,348 8,344 13,195 11,102 11,022
Net income 1 6,128 13,810 4,747 2,641 2,608 7,335 6,262 6,150
Net Debt 1 18,576 11,972 16,235 18,628 15,086 11,942 10,725 9,487
Reference price 2 12.22 13.29 15.35 13.09 16.14 23.55 23.55 23.55
Nbr of stocks (in thousands) 35,38,443 33,64,864 32,21,837 30,87,185 30,32,919 29,40,278 - -
Announcement Date 18/02/22 23/02/23 16/02/24 27/02/25 26/02/26 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.27x0.76x3.89x4.65% 8TCr
13.45x3.34x6.45x5.13% 1,75000Cr
12.35x1.69x5.74x3.81% 37TCr
8.59x0.6x3.96x6.11% 28TCr
8.09x0.86x3.89x3.6% 24TCr
7.59x1.08x4.16x4.58% 20TCr
6.41x1.87x3x7.08% 17TCr
3.21x1.51x2.89x12.69% 11TCr
7.56x0.81x1.91x4.21% 9.34TCr
Average 8.50x 1.39x 3.99x 5.76% 36.57TCr
Weighted average by Cap. 11.20x 2.33x 5.35x 5.23%

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