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Eni

DB:ENI
Snowflake Description

Moderate growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ENI
DB
€33B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Eni S.p.A. engages in the exploration, development, and production of crude oil and natural gas. The last earnings update was 6 days ago. More info.


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  • Eni has significant price volatility in the past 3 months.
ENI Share Price and Events
7 Day Returns
-1.4%
DB:ENI
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-42%
DB:ENI
34.4%
DE Oil and Gas
-14.2%
DE Market
ENI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Eni (ENI) -1.4% 18% -34.1% -42% -38.9% -46.8%
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • ENI underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • ENI underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
ENI
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Eni to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Eni.

DB:ENI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in EUR € 0.84896173913043
Payout Ratio Company Filings (2019-12-31) 8587.2%
Discount Rate (Cost of Equity) See below 11.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:ENI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 8.2%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.972 (1 + (1- 24%) (90.84%))
1.431
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.43
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.431 * 8.23%)
11.39%

Discounted Cash Flow Calculation for DB:ENI using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Eni is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:ENI Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €0.85 / (11.39% - -0.39%)
€7.22
DB:ENI Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:ENI represents 1.00065x of BIT:ENI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00065x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 7.21 x 1.00065
€7.21
Value per share (EUR) From above. €7.21
Current discount Discount to share price of €9.30
= -1 x (€9.30 - €7.21) / €7.21
-28.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Eni is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Eni's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Eni's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ENI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.04
BIT:ENI Share Price ** BIT (2020-04-08) in EUR €9.3
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Eni.

DB:ENI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:ENI Share Price ÷ EPS (both in EUR)

= 9.3 ÷ 0.04

225.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Eni is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Eni is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Eni's expected growth come at a high price?
Raw Data
DB:ENI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 225.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 21 Analysts
45.1%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

DB:ENI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 225.61x ÷ 45.1%

5x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Eni is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Eni's assets?
Raw Data
DB:ENI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €13.39
BIT:ENI Share Price * BIT (2020-04-08) in EUR €9.3
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:ENI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:ENI Share Price ÷ Book Value per Share (both in EUR)

= 9.3 ÷ 13.39

0.69x

* Primary Listing of Eni.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Eni is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Eni's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Eni has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
45.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Eni expected to grow at an attractive rate?
  • Eni's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Eni's earnings growth is expected to exceed the Germany market average.
  • Eni's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ENI Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ENI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 21 Analysts 45.1%
DB:ENI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 21 Analysts 2.6%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:ENI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ENI Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 13,075 4,341
2023-12-31 77,274 13,170 4,778 2
2022-12-31 72,410 12,683 4,232 11
2021-12-31 68,486 10,285 2,548 15
2020-12-31 56,971 8,543 614 13
2020-04-08
DB:ENI Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 70,889 12,392 148
2019-09-30 74,252 12,992 2,438
2019-06-30 77,199 15,039 3,444
2019-03-31 77,218 13,557 4,272
2018-12-31 76,484 13,647 4,126
2018-09-30 74,407 12,640 5,774
2018-06-30 70,282 10,699 4,589
2018-03-31 67,224 10,372 3,355
2018-01-01 67,689 10,117 3,374
2017-09-30 65,906 10,047 1,667
2017-06-30 63,318 9,211 761
2017-03-31 60,950 8,235 297

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Eni's earnings are expected to grow significantly at over 20% yearly.
  • Eni's revenue is expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:ENI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below

All data from Eni Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ENI Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 1.21 1.21 1.21 1.00
2023-12-31 1.47 2.32 0.95 3.00
2022-12-31 1.17 1.96 0.88 9.00
2021-12-31 0.66 1.47 -0.02 15.00
2020-12-31 0.15 1.05 -0.36 15.00
2020-04-08
DB:ENI Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.04
2019-09-30 0.68
2019-06-30 0.96
2019-03-31 1.19
2018-12-31 1.15
2018-09-30 1.60
2018-06-30 1.27
2018-03-31 0.93
2018-01-01 0.94
2017-09-30 0.46
2017-06-30 0.21
2017-03-31 0.08

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Eni is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Eni's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Eni has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Eni performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Eni's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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.
Earnings and Revenue History
Eni's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Eni Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ENI Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 70,889.00 148.00 3,553.00
2019-09-30 74,252.00 2,438.00 3,577.00
2019-06-30 77,199.00 3,444.00 3,505.00
2019-03-31 77,218.00 4,272.00 3,376.00
2018-12-31 76,484.00 4,126.00 4,343.00
2018-09-30 74,407.00 5,774.00 3,782.00
2018-06-30 70,282.00 4,589.00 3,872.00
2018-03-31 67,224.00 3,355.00 3,924.00
2018-01-01 67,689.00 3,374.00 4,868.00
2017-09-30 65,906.00 1,667.00 3,247.00
2017-06-30 63,318.00 761.00 3,299.00
2017-03-31 60,950.00 297.00 3,020.00
2016-12-31 56,679.00 -1,051.00 3,793.00
2016-09-30 54,910.00 -9,845.00 2,964.00
2016-06-30 57,729.00 -10,066.00 3,042.00
2016-03-31 64,592.00 -9,122.00 3,098.00
2015-12-31 72,286.00 -7,952.00 3,088.00
2015-09-30 67,362.00 -3,072.00 954.00
2015-06-30 77,948.00 -575.00 1,460.00
2015-03-31 85,022.00 -415.00 2,024.00
2015-01-01 98,218.00 1,720.00 2,924.00
2014-09-30 108,791.00 3,028.00 5,238.00
2014-06-30 111,966.00 5,303.00 5,141.00
2014-03-31 112,734.00 4,920.00 5,127.00
2013-12-31 98,547.00 3,472.00 2,403.00
2013-09-30 121,055.00 3,843.00 4,979.00
2013-06-30 123,002.00 2,318.00 4,946.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Eni has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Eni used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Eni has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Eni's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Eni has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Eni's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Eni's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 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.
Balance sheet
This treemap shows a more detailed breakdown of Eni's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Eni Company Filings, last reported 3 months ago.

DB:ENI Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 47,900.00 24,518.00 12,754.00
2019-09-30 51,471.00 24,135.00 11,216.00
2019-06-30 51,006.00 25,300.00 17,224.00
2019-03-31 52,776.00 25,789.00 16,929.00
2018-12-31 51,073.00 25,865.00 17,388.00
2018-09-30 50,868.00 26,036.00 16,831.00
2018-06-30 50,471.00 23,991.00 13,916.00
2018-03-31 48,232.00 23,638.00 12,127.00
2018-01-01 48,324.00 24,707.00 13,898.00
2017-09-30 46,577.00 27,508.00 12,228.00
2017-06-30 48,929.00 27,075.00 11,244.00
2017-03-31 53,133.00 27,285.00 11,875.00
2016-12-31 53,086.00 27,239.00 12,078.00
2016-09-30 50,144.00 27,579.00 11,123.00
2016-06-30 52,303.00 25,788.00 11,450.00
2016-03-31 52,589.00 23,911.00 11,333.00
2015-12-31 57,409.00 27,793.00 10,519.00
2015-09-30 61,174.00 29,281.00 10,738.00
2015-06-30 63,872.00 27,460.00 12,067.00
2015-03-31 68,202.00 28,161.00 12,572.00
2015-01-01 65,641.00 25,891.00 11,895.00
2014-09-30 64,024.00 26,400.00 10,601.00
2014-06-30 61,261.00 26,262.00 13,814.00
2014-03-31 62,399.00 25,710.00 11,998.00
2013-12-31 61,049.00 25,560.00 10,678.00
2013-09-30 62,609.00 25,946.00 10,745.00
2013-06-30 61,845.00 24,575.00 8,368.00
  • Eni's level of debt (51.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (39.4% vs 51.2% today).
  • Debt is well covered by operating cash flow (50.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.8x coverage).
X
Financial health checks
We assess Eni's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Eni has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
9.25%
Current annual income from Eni dividends. Estimated to be 9.13% next year.
If you bought €2,000 of Eni shares you are expected to receive €185 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Eni's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.63%).
  • Eni's dividend is above the markets top 25% of dividend payers in Germany (4.61%).
Upcoming dividend payment

Purchase Eni before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:ENI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:ENI Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 0.86 1.00
2023-12-31 0.91 5.00
2022-12-31 0.85 18.00
2021-12-31 0.85 22.00
2020-12-31 0.83 23.00
2020-04-08
DB:ENI Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-04-03 0.860 9.207
2019-04-05 0.860 6.587
2019-04-04 0.860 5.442
2019-02-15 0.830 5.379
2018-10-26 0.840 5.786
2018-09-13 0.830 5.221
2018-04-06 0.830 5.201
2018-02-16 0.830 5.969
2017-10-27 0.800 5.657
2017-10-03 0.800 5.759
2017-04-18 0.800 5.813
2016-10-28 0.800 5.563
2016-09-15 0.800 6.096
2016-03-17 0.800 5.844
2015-08-03 0.960 6.878
2015-02-18 1.120 6.862
2014-10-30 1.120 7.353
2014-07-31 1.120 6.224
2014-04-10 1.120 5.849
2014-03-03 1.120 6.309
2013-11-04 1.100 6.361
2013-10-30 1.100 5.955
2013-08-01 1.100 6.328
2013-03-14 1.080 6.262
2012-10-30 1.080 5.965
2012-08-02 1.080 6.116
2012-03-02 1.040 6.260
2011-10-27 1.040 6.392
2011-08-03 1.040 7.585
2011-02-16 1.000 5.997
2010-10-28 1.000 5.966
2010-10-04 1.000 6.205
2010-02-12 1.000 6.162
2009-10-29 1.000 5.787
2009-09-10 1.000 5.751
2009-06-11 1.300 7.782
2009-05-15 1.300 7.521
2009-04-30 1.300 7.700

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What portion of Eni's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Eni's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Eni afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Eni has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Claudio Descalzi
COMPENSATION €6,456,000
AGE 64
TENURE AS CEO 3 years
CEO Bio

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 President of Confindustria Energy. He served as the Chief Operating Officer of Exploration & Production Division at Eni SpA from July 30, 2008 to 2014. He served as General Manager of Exploration and Production at Eni SpA since July 30, 2008. He served as Deputy Director General and Deputy Chief Operating Officer of Eni - Exploration & Production Division since 2005. He joined Eni SPA in 1981 as Oil & Gas Field Petroleum Engineering and Project Manager for the development of North Sea, Libya, Nigeria and Congo and served as its Head of reservoir and operating activities for Italy since 1990. Mr. Descalzi served as Managing Director of Eni subsidiary in Congo since 1994 and served as Vice Chairman and Managing Director of Naoc, Eni's subsidiary in Nigeria since 1998. From 2000 to 2001, he served as Executive Vice President for Africa, Middle East and China at Eni. From 2002 to 2005, he served as an Executive Vice President for Italy, Africa, Middle East. He served as Chairman of Eni UK from 2010 to 2014. He has been a Director of Eni SPA since 2014. He served as a Director of Stoccaggi Gas Italia SpA. He served as a Director of Joint Stock Company Gazprom Neft (also known as Gazprom Neft) from November 2008 to March 5, 2009. He received the prestigious Charles F. Rand Memorial Gold Medal 2012 award from the Society of Petroleum Engineers and the American Institute of Mining Engineers. He is a Visiting Fellow at The University of Oxford. In December 2015, he was made a member of the Global Board of Advisors of the Council on Foreign Relations. In December 2016 he was awarded an Honorary Degree in Environmental and Territorial Engineering by the Faculty of Engineering of the University of Rome, Tor Vergata. Mr. Descalzi graduated in Physics from the University of Milan Polytechinic University in 1979.

CEO Compensation
  • Claudio's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Claudio's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Eni management team in years:

3.6
Average Tenure
56
Average Age
  • The tenure for the Eni management team is about average.
Management Team

Claudio Descalzi

TITLE
CEO, GM & Director
COMPENSATION
€6M
AGE
64
TENURE
3 yrs

Massimo Mondazzi

TITLE
Chief Financial Officer
AGE
56
TENURE
7.3 yrs

Stefano Maione

TITLE
Chief Development
AGE
56
TENURE
0.8 yrs

Francesco Gattei

TITLE
Executive Vice President of Scenarios of Strategic Options & Investor Relations

Luca Franceschini

TITLE
Executive Vice President of Integrated Compliance Department
AGE
53
TENURE
3.6 yrs

Stefano Speroni

TITLE
Senior Executive Vice President of Legal Affairs
AGE
57
TENURE
1.3 yrs

Marco Bardazzi

TITLE
Executive Vice President of External Communication
AGE
52
TENURE
5.2 yrs

Giuseppe Ricci

TITLE
Chief Refining & Marketing Officer
AGE
61
TENURE
3.6 yrs

Francesco Furci

TITLE
Group Senior Vice President of HR & Organizations
AGE
72

Rita Marino

TITLE
Executive Vice President of Procurement Department
AGE
55
TENURE
14.8 yrs
Board of Directors Tenure

Average tenure and age of the Eni board of directors in years:

5.9
Average Tenure
57.5
Average Age
  • The tenure for the Eni board of directors is about average.
Board of Directors

Emma Marcegaglia

TITLE
Chairman of the Board
COMPENSATION
€500K
AGE
54
TENURE
5.9 yrs

Claudio Descalzi

TITLE
CEO, GM & Director
COMPENSATION
€6M
AGE
64
TENURE
6.3 yrs

Giorgio Ruffoni

TITLE
Chairman of Stoccaggi Gas Italia

Giorgio Clarizia

TITLE
Chairman of Polimeri Europa

Alessandro Lorenzi

TITLE
Non-Executive Independent Director
COMPENSATION
€178K
AGE
71
TENURE
8.9 yrs

Andrea Gemma

TITLE
Non-Executive Independent Director
COMPENSATION
€199K
AGE
46
TENURE
5.9 yrs

Diva Moriani

TITLE
Non-Executive Independent Director
COMPENSATION
€192K
AGE
51
TENURE
5.9 yrs

Fabrizio Pagani

TITLE
Chairman of Advisory Board & Non Executive Director
COMPENSATION
€162K
AGE
52
TENURE
2.8 yrs

Rosalba Casiraghi

TITLE
Chairman of the Board of Statutory Auditors
AGE
69
TENURE
3 yrs

Pietro Guindani

TITLE
Non-Executive Independent Director
COMPENSATION
€155K
AGE
61
TENURE
5.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Eni individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
20. Mar 20 Buy Claudio Descalzi Individual 19. Mar 20 19. Mar 20 29,300 €6.77 €198,217
17. Mar 20 Buy Emma Marcegaglia Individual 16. Mar 20 16. Mar 20 15,000 €6.52 €96,426
13. Mar 20 Buy Emma Marcegaglia Individual 12. Mar 20 12. Mar 20 7,200 €7.77 €55,940
11. Mar 20 Buy Emma Marcegaglia Individual 10. Mar 20 10. Mar 20 4,800 €8.30 €39,593
X
Management checks
We assess Eni's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Eni has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Eni S.p.A. engages in the exploration, development, and production of crude oil and natural gas. It operates through Exploration & Production, Gas & Power, and Refining & Marketing and Chemical segments. The company is involved in the field development and production activities, as well as liquefied natural gas (LNG) operations in 41 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, Mexico, the United States, Kazakhstan, Algeria, Australia, Iraq, Indonesia, Ghana, Mozambique, Bahrain, Oman, and United Arab Emirates. It also supplies, trades in, and markets gas and electricity; generates and sells electricity; transports international gas; supplies crude oil; and refines and markets petroleum products at retail and wholesale markets primarily in Italy and rest of Europe. In addition, the company engages in the petrochemicals business; commodity risk management and asset-backed trading activities; and production of various chemicals, including olefins and aromatics, basic and intermediate products, polystyrenes, elastomers, and polyethylene in Italy and Western Europe. Further, it is involved in commodity trading and derivatives. Eni S.p.A. was founded in 1953 and is headquartered in Rome, Italy.

Details
Name: Eni S.p.A.
ENI
Exchange: DB
Founded: 1953
€33,206,849,006
3,572,549,651
Website: http://www.eni.com
Address: Eni S.p.A.
Piazzale Enrico Mattei 1,
Rome,
Rome, 00144,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT ENI Ordinary Shares Borsa Italiana IT EUR 29. Nov 1995
OTCPK EIPA.F Ordinary Shares Pink Sheets LLC US USD 29. Nov 1995
DB ENI Ordinary Shares Deutsche Boerse AG DE EUR 29. Nov 1995
XTRA ENI Ordinary Shares XETRA Trading Platform DE EUR 29. Nov 1995
LSE 0N9S Ordinary Shares London Stock Exchange GB EUR 29. Nov 1995
SWX ENI Ordinary Shares SIX Swiss Exchange CH CHF 29. Nov 1995
ENXTBR ENI Ordinary Shares Euronext Brussels BE EUR 29. Nov 1995
WBAG ENI Ordinary Shares Wiener Boerse AG AT EUR 29. Nov 1995
BATS-CHIXE ENID Ordinary Shares BATS 'Chi-X Europe' GB EUR 29. Nov 1995
NYSE E ADR EACH REP 2 ORD EUR1(MGT) New York Stock Exchange US USD 28. Nov 1995
DB ENI1 ADR EACH REP 2 ORD EUR1(MGT) Deutsche Boerse AG DE EUR 28. Nov 1995
LSE 0TD2 ADR EACH REP 2 ORD EUR1(MGT) London Stock Exchange GB USD 28. Nov 1995
BMV E N ADR EACH REP 2 ORD EUR1(MGT) Bolsa Mexicana de Valores MX MXN 28. Nov 1995
Number of employees
Current staff
Staff numbers
32,053
Eni employees.
Industry
Integrated Oil and Gas
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 22:09
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/08
Last earnings filing: 2020/04/02
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.