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Eni

DB:ENI1
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ENI1
DB
€31B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses. The last earnings update was 31 days ago. More info.


Add to Portfolio Compare Print
  • Eni has significant price volatility in the past 3 months.
ENI1 Share Price and Events
7 Day Returns
13.2%
DB:ENI1
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-
DB:ENI1
21.9%
DE Oil and Gas
-17.7%
DE Market
ENI1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Eni (ENI1) 13.2% -23.8% -41.4% - -46% -49.1%
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • No trading data on ENI1.
  • No trading data on ENI1.
Price Volatility
ENI1
Industry
5yr Volatility vs Market

ENI1 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:ENI1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 23 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.1%
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:ENI1
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 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 24%) (98.26%))
1.276
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.28
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.276 * 8.23%)
10.11%

Discounted Cash Flow Calculation for DB:ENI1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Eni is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:ENI1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 10.11%)
2020 2,105.62 Analyst x13 1,912.30
2021 3,769.66 Analyst x14 3,109.26
2022 4,903.13 Analyst x8 3,672.86
2023 6,427.33 Analyst x3 4,372.60
2024 7,534.11 Est @ 17.22% 4,654.99
2025 8,433.46 Est @ 11.94% 4,732.26
2026 9,128.27 Est @ 8.24% 4,651.89
2027 9,644.04 Est @ 5.65% 4,463.51
2028 10,014.19 Est @ 3.84% 4,209.31
2029 10,271.53 Est @ 2.57% 3,921.10
Present value of next 10 years cash flows €39,700.00
DB:ENI1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €10,271.53 × (1 + -0.39%) ÷ (10.11% – -0.39%)
€97,451.97
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €97,451.97 ÷ (1 + 10.11%)10
€37,201.72
DB:ENI1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €39,700.00 + €37,201.72
€76,901.72
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €76,901.72 / 3,572.55
€21.53
DB:ENI1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:ENI1 represents 1.89689x of BIT:ENI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.89689x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 21.53 x 1.89689
€40.83
Value per share (EUR) From above. €40.83
Current discount Discount to share price of €16.30
= -1 x (€16.30 - €40.83) / €40.83
60.1%

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

Current Discount
Amount off the current price Eni is available for.
Intrinsic value
>50%
Share price is €16.3 vs Future cash flow value of €40.83
Current Discount Checks
For Eni to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Eni's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Eni's share price is below the future cash flow value, and at a substantial discount (> 40%).
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:ENI1 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 (2020-03-30) in EUR €8.59
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

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

** Primary Listing of Eni.

DB:ENI1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 8.59 ÷ 0.04

208.57x

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:ENI1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 208.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts
41.9%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

DB:ENI1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 208.57x ÷ 41.9%

4.97x

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:ENI1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €13.37
BIT:ENI Share Price * BIT (2020-03-30) in EUR €8.59
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:ENI1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 8.59 ÷ 13.37

0.64x

* 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 3/6, 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.

ENI1 Future Performance

 How is Eni expected to perform in the next 1 to 3 years based on estimates from 23 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
41.9%
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:ENI1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ENI1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts 41.9%
DB:ENI1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 23 Analysts 3.1%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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:ENI1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ENI1 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 13,120 4,386
2023-12-31 77,274 13,810 5,123 2
2022-12-31 73,140 13,126 4,508 11
2021-12-31 69,726 11,092 3,280 15
2020-12-31 56,224 9,247 1,250 14
2020-03-30
DB:ENI1 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 71,041 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
2017-12-31 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 3.1% 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:ENI1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below

All data from Eni Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ENI1 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 1.22 1.22 1.22 1.00
2023-12-31 1.69 2.39 1.14 3.00
2022-12-31 1.27 2.09 0.98 10.00
2021-12-31 0.92 1.80 0.11 15.00
2020-12-31 0.35 1.11 -0.36 14.00
2020-03-30
DB:ENI1 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
2017-12-31 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.

ENI1 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 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ENI1 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 71,041.00 148.00 3,383.00
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 3,471.00
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
2017-12-31 67,689.00 3,374.00 3,846.00
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
2013-03-31 125,459.00 2,199.00 4,697.00

*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.

ENI1 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 2 months ago.

DB:ENI1 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
2017-12-31 48,079.00 24,707.00 13,582.00
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
2013-03-31 65,257.00 26,332.00 10,318.00
  • 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 12.3x 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.

ENI1 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
10.01%
Current annual income from Eni dividends. Estimated to be 9.95% next year.
If you bought €2,000 of Eni shares you are expected to receive €200 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 (1.7%).
  • Eni's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
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:ENI1 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 23 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:ENI1 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 0.89 1.00
2023-12-31 0.93 5.00
2022-12-31 0.86 18.00
2021-12-31 0.86 22.00
2020-12-31 0.83 23.00
2020-03-30
DB:ENI1 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-02-28 0.860 10.431
2019-04-05 0.860 6.174
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
2009-04-08 1.300 8.597

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 (1.3x coverage).
X
Income/ dividend checks
We assess Eni's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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.

ENI1 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 2.9 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:

3.5
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
2.9 yrs

Massimo Mondazzi

TITLE
Chief Financial Officer
AGE
56
TENURE
7.3 yrs

Stefano Maione

TITLE
Chief Development
AGE
56
TENURE
0.7 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
3.5 yrs

Stefano Speroni

TITLE
Senior Executive Vice President of Legal Affairs
TENURE
1.2 yrs

Marco Bardazzi

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

Giuseppe Ricci

TITLE
Chief Refining & Marketing Officer
AGE
61
TENURE
3.5 yrs

Francesco Furci

TITLE
Group Senior Vice President of HR & Organizations
AGE
72

Fabrizio Cosco

TITLE
Managing Director of Eni Finance International S.A.
Board of Directors Tenure

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

5.8
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
5.8 yrs

Claudio Descalzi

TITLE
CEO, GM & Director
COMPENSATION
€6M
AGE
64
TENURE
6.2 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
8.8 yrs

Andrea Gemma

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

Diva Moriani

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

Fabrizio Pagani

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

Rosalba Casiraghi

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

Pietro Guindani

TITLE
Non-Executive Independent Director
COMPENSATION
€155K
AGE
61
TENURE
5.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
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.

ENI1 News

Simply Wall St News

ENI1 Company Info

Description

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 activities, as well as liquefied natural gas (LNG) operations in 43 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Iraq, Indonesia, Ghana, Mozambique, Oman, and the United Arab Emirates. It also supplies, trades in, and markets gas and 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 commodity risk management and asset-backed trading activities; and production of various chemicals, including olefins and aromatics, basic 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.
ENI1
Exchange: DB
Founded: 1953
€30,698,919,151
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
NYSE E ADR EACH REP 2 ORD (MGT) New York Stock Exchange US USD 28. Nov 1995
DB ENI1 ADR EACH REP 2 ORD (MGT) Deutsche Boerse AG DE EUR 28. Nov 1995
LSE 0TD2 ADR EACH REP 2 ORD (MGT) London Stock Exchange GB USD 28. Nov 1995
BMV E N ADR EACH REP 2 ORD (MGT) Bolsa Mexicana de Valores MX MXN 28. Nov 1995
Number of employees
Current staff
Staff numbers
32,011
Eni employees.
Industry
Integrated Oil and Gas
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 21:38
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/28
Last earnings filing: 2020/02/28
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.