Eni SPA (E) AI Stock Analysis

• Market Cap: $56.42B
• Dividend Yield: 4.9%
• Average Volume (3M): 232.52K
• Price to Earnings (P/E): 18.5
• Beta (1Y): 0.31
• Revenue Growth: -3.84%
• EPS Growth: 15.75%
• Country: US
• Employees: 32,492
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Integrated
• EPS (TTM): 0.94
• Shares Outstanding: 1,573,382,600
• 10 Day Avg. Volume: 242,561
• 30 Day Avg. Volume: 232,518
• PEG Ratio: -0.38
• Price to Book (P/B): 0.84
• Price to Sales (P/S): 0.48
• P/FCF Ratio: 8.67
• Enterprise Value/Market Cap: 1.42
• Enterprise Value/Revenue: 0.94
• Enterprise Value/Gross Profit: 9.41
• Enterprise Value/Ebitda: 3.31
• 1Y Price Target: $33.60
• Price Target Upside: -5.17% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 79 Outperform
• Price Target: $41.00 ▲(15.72% Upside)

Eni SPA's overall stock score is driven by strong earnings call results and positive technical indicators, which highlight the company's strategic growth and operational efficiency. Financial performance shows solid cash flow and a stable balance sheet, though profitability and revenue growth remain areas for improvement. The valuation is reasonable, with a high dividend yield adding to the stock's appeal.

Eni SPA Business Overview & Revenue Model

Company Description

Eni S.p.A. is an Italian multinational oil and gas company headquartered in Rome. It operates across various sectors including exploration and production of oil and natural gas, refining, and marketing of petroleum products, as well as renewable energy and gas distribution. Eni is involved in the entire hydrocarbon supply chain, from the exploration of new reserves to the production and sale of oil and gas, alongside a growing focus on sustainable energy solutions.

How the Company Makes Money

Eni generates revenue primarily through the exploration and production of oil and natural gas, which constitutes its largest revenue stream. The company engages in upstream activities to discover and extract hydrocarbons, which are then sold on global markets. Additionally, Eni earns income from downstream operations, including the refining of crude oil into various petroleum products, which are marketed and sold through its extensive distribution network. The company also has significant revenue from its gas and power segment, which includes the sale of natural gas and electricity, as well as its involvement in renewable energy projects. Strategic partnerships and joint ventures, particularly in exploration and production, enhance Eni's operational capabilities and market reach, contributing positively to its earnings. Furthermore, Eni is increasingly focusing on sustainability initiatives, which may provide new revenue opportunities in the growing renewable energy sector.

Eni SPA Financial Statement Overview

Summary

Eni SPA demonstrates solid financial management with strong operational cash flows and a stable balance sheet, albeit with some profitability and revenue growth challenges. The income statement reflects cost pressures and decreased profitability, while the balance sheet shows a solid equity position but with increased leverage. Cash flow remains a key strength, supporting the company's operations and investments.

Income Statement

The company's income statement shows a mixed performance. Gross profit margin has declined from previous years, with the TTM at 12.86% compared to 21.98% in 2022, indicating cost pressures. The net profit margin is also lower at 2.89% TTM, down from 10.48% in 2022, reflecting decreased profitability. Revenue has decreased by 5.75% TTM compared to 2024, signaling a challenging market environment. However, EBITDA margin remains strong at 26.17% TTM, showcasing operational efficiency. Overall, while there are profitability and revenue growth concerns, the company maintains solid operational margins.

Balance Sheet

The balance sheet reveals a stable financial position with some cautionary signs. The debt-to-equity ratio is at 0.70 TTM, which shows a manageable leverage level but has increased slightly from 0.59 in 2022. The equity ratio is relatively strong at 36.51% TTM, indicating a solid equity base. Return on equity has decreased to 4.99% TTM from 25.36% in 2022, reflecting reduced profitability. Overall, the company maintains a robust equity position but faces challenges in leverage and profitability.

Cash Flow

The cash flow statement is a strength for the company. The operating cash flow to net income ratio is robust at 5.04 TTM, indicating strong cash generation relative to profit. Free cash flow is positive at $4.16 billion TTM, although it has decreased from previous years, indicating some pressure on cash generation. Free cash flow to net income ratio is also strong at 1.67 TTM, suggesting efficient cash conversion. Despite a decline in free cash flow growth, the company has a solid cash flow position overall.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	85.48B	88.80B	93.72B	132.51B	76.58B	43.99B
Gross Profit	8.54B	10.08B	12.40B	22.78B	13.96B	3.13B
EBITDA	24.29B	23.07B	25.82B	38.59B	21.96B	6.28B
Net Income	2.47B	2.62B	4.77B	13.89B	5.82B	-8.63B
Balance Sheet
Total Assets	136.21B	146.95B	142.61B	152.17B	137.76B	109.65B
Cash, Cash Equivalents and Short-Term Investments	16.60B	14.98B	16.98B	19.91B	18.86B	14.91B
Total Debt	34.87B	34.97B	39.14B	31.87B	33.13B	31.70B
Total Liabilities	82.81B	91.26B	88.96B	96.94B	93.25B	72.16B
Stockholders Equity	49.74B	52.83B	53.18B	54.76B	44.44B	37.41B
Cash Flow
Free Cash Flow	4.16B	5.09B	5.90B	5.04B	7.63B	190.00M
Operating Cash Flow	12.52B	13.09B	15.12B	5.82B	12.86B	4.82B
Investing Cash Flow	-8.52B	-9.82B	-9.37B	-7.02B	-12.02B	-4.59B
Financing Cash Flow	-4.89B	-5.38B	-5.67B	-8.54B	-2.04B	3.25B

Eni SPA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 35.43
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For E, the sentiment is Positive. The current price of 35.43 is above the 20-day moving average (MA) of 35.35, above the 50-day MA of 35.08, and above the 200-day MA of 31.17, indicating a bullish trend. The MACD of 0.53 indicates Negative momentum. The RSI at 69.59 is Neutral, neither overbought nor oversold. The STOCH value of 95.63 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for E.

Eni SPA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
E	―	$56.42B	18.54	5.31%	4.90%	-3.84%	15.75%
PBR	―	$74.16B	5.59	19.48%	14.04%	-13.68%	-13.96%
SHEL	―	$218.67B	16.68	7.47%	3.75%	-5.75%	-20.18%
TTE	―	$135.63B	10.91	10.96%	5.87%	-10.73%	-36.76%
EQNR	―	$61.25B	7.96	19.22%	8.93%	1.19%	-7.87%
Sector *	―	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
BP	―	$89.58B	146.02	0.95%	5.47%	-7.40%	-90.89%

Eni SPA Corporate Events

Eni S.p.A. Completes Treasury Share Purchase in October 2025

Eni S.p.A. reported the acquisition of 3,376,122 treasury shares on the Euronext Milan from October 13 to 17, 2025, at an average price of 14.8099 euros per share, totaling nearly 50 million euros. This purchase is part of a larger buyback program initiated on May 20, 2025, which has seen the company acquire 68,395,608 shares, representing 2.17% of its share capital. The move reflects Eni’s strategic efforts to manage its capital structure and potentially enhance shareholder value.

Eni S.p.A. Acquires Treasury Shares in Early October 2025

Between September 29 and October 3, 2025, Eni S.p.A. acquired 2,671,660 shares on the Euronext Milan, representing 0.08% of its share capital, at an average price of €14.9720 per share, totaling approximately €40 million. This acquisition is part of a treasury shares program approved by shareholders in May 2025, aimed at enhancing shareholder value. Since the program’s inception in May, Eni has purchased 61,735,687 shares, equivalent to 1.96% of its share capital, for a total of €880 million. The company now holds 153,346,014 shares, making up 4.87% of its share capital.

Eni S.p.A. Completes Significant Treasury Share Buyback in September 2025

Eni S.p.A. reported the acquisition of 2,687,843 treasury shares between September 8 and 12, 2025, at an average price of €14.8818 per share, totaling nearly €40 million. This purchase is part of a broader buyback program initiated on May 20, 2025, which has seen the company acquire 56,396,206 shares, representing 1.79% of its share capital. The buyback program, approved by shareholders, aims to optimize the capital structure and enhance shareholder value, with Eni now holding 4.70% of its total share capital in treasury shares.

Eni Completes Treasury Share Buyback in Early September 2025

From September 1 to 5, 2025, Eni S.p.A. purchased 2,655,726 treasury shares on the Euronext Milan, representing 0.08% of its share capital, at an average price of €15.0618 per share, totaling approximately €40 million. This acquisition is part of a broader buyback program initiated on May 20, 2025, which has seen Eni acquire 53,708,363 shares, equal to 1.71% of its share capital, for a total of €760 million. The buyback program aims to enhance shareholder value and optimize capital structure, with Eni now holding 4.62% of its share capital in treasury shares.

Eni S.p.A. Releases Interim Report for H1 2025

On August 6, 2025, Eni S.p.A. released its interim consolidated report for the first half of 2025, highlighting key operating and financial results. The report provides insights into the company’s exploration, production, and sustainability initiatives, which are crucial for its market positioning and stakeholder engagement.

Eni Completes Treasury Share Buyback in August 2025

Between August 18 and 22, 2025, Eni S.p.A. acquired 3,316,453 treasury shares on the Euronext Milan, representing 0.11% of its share capital, at an average price of €15.0763 per share, totaling approximately €50 million. This purchase is part of a broader buyback program approved by shareholders in May 2025, which has seen Eni acquire a total of 48,423,501 shares, equating to 1.54% of its share capital. The acquisition of these shares is likely to impact Eni’s financial strategy and shareholder value, as the company now holds 4.45% of its share capital in treasury shares.

Eni S.p.A. Acquires Treasury Shares in August 2025

Between August 11 and 14, 2025, Eni S.p.A. acquired 2,692,930 treasury shares on the Euronext Milan, representing 0.09% of its share capital, at an average price of €14.8694 per share, totaling €40,042,210.63. This acquisition is part of a broader buyback program initiated on May 20, 2025, through which Eni has purchased a total of 45,107,048 shares, equating to 1.43% of its share capital, for €630,047,904.97. As a result, Eni now holds 136,717,375 shares, amounting to 4.34% of its share capital, enhancing its market position and potentially increasing shareholder value.

Eni S.p.A. Completes €50 Million Share Buyback in August 2025

From August 4 to August 8, 2025, Eni S.p.A. executed a buyback of 3,375,585 shares, representing 0.11% of its share capital, at an average price of €14.8122 per share, totaling approximately €50 million. This transaction is part of a broader treasury shares program approved in May 2025, highlighting Eni’s strategic focus on enhancing shareholder value and optimizing its capital structure.

Eni S.p.A. Completes Treasury Share Buyback in Early August 2025

Between July 28 and August 1, 2025, Eni S.p.A. acquired 3,380,247 treasury shares on the Euronext Milan, representing 0.11% of its share capital, at an average price of €14.7918 per share, totaling approximately €50 million. This purchase is part of a buyback program initiated on May 20, 2025, which has seen Eni acquire a total of 39,038,533 shares, or 1.24% of its share capital, for over €540 million. These transactions reflect Eni’s strategic focus on managing its capital structure and enhancing shareholder value.