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Eni SpA ENI

Morningstar Rating
€14.14 −0.15 (1.04%)
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Company Report

Eni Differentiates Itself From Peers Pursuing the Same Decarbonization Goals

Eni’s strategy to achieve carbon neutrality in 2050 mirrors that of many peers as it seeks to invest in new low-carbon businesses. Although, its legacy hydrocarbon business will remain the primary earnings driver during the next decade like peers, it is differentiating itself with a satellite model by separating its business segments for potential public listing or outside investment. Although novel, we have our doubts this structure will be fully appreciated by the market as opposed to outright divestment and return of capital as others are doing.

Price vs Fair Value

ENI is trading at a 353% premium.
Price
€14.29
Fair Value
€77.20
Uncertainty
High
1-Star Price
€59.60
5-Star Price
€1.61
Economic Moat
Vcl
Capital Allocation
Dtdlyybv

Bulls Say, Bears Say

Bulls

Eni's agressive growth in areas outside its legacy hydrocarbon business puts it in a better position than most peers for the energy transistion.

Bears

Eni’s transition to a low-carbon/renewable business could result in poor execution and capital allocation missteps, resulting in lower returns and while missing out on potentially higher oil prices.

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News

Trading Information

Previous Close Price
€14.15
Day Range
€14.0714.21
52-Week Range
€13.3315.83
Bid/Ask
€14.14 / €14.14
Market Cap
€44.93 Bil
Volume/Avg
2.2 Mil / 9.4 Mil

Key Statistics

Price/Earnings (Normalized)
6.71
Price/Sales
0.53
Dividend Yield (Trailing)
6.58%
Dividend Yield (Forward)
7.00%
Total Yield
11.43%

Company Profile

Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, the company produced 0.8 million barrels of liquids and 4.6 billion cubic feet of natural gas per day. At end-2023, Eni held reserves of 6.4 billion barrels of oil equivalent, 48% of which are liquids. The Italian government owns a 30.1% stake in the company. Eni is placing its renewable and low-carbon business in a separate entity called Plentitude, which it will likely list publicly at some point.
Sector
Energy
Industry
Oil & Gas Integrated
Stock Style Box
Large Value
Total Number of Employees
33,142

Competitors

Valuation

Metric
ENI
REP
SHELL
Price/Earnings (Normalized)
6.713.889.21
Price/Book Value
0.840.601.27
Price/Sales
0.530.220.81
Price/Cash Flow
3.423.195.71
Price/Earnings
ENI
REP
SHELL

Financial Strength

Metric
ENI
REP
SHELL
Quick Ratio
0.901.010.99
Current Ratio
1.251.541.42
Interest Coverage
1.336.66
Quick Ratio
ENI
REP
SHELL

Profitability

Metric
ENI
REP
SHELL
Return on Assets (Normalized)
4.89%7.50%6.37%
Return on Equity (Normalized)
12.70%17.34%13.96%
Return on Invested Capital (Normalized)
8.61%12.36%9.93%
Return on Assets
ENI
REP
SHELL
See how this stock stacks up to its competitors with Morningstar Investor

Oil & Gas Integrated Industry Comparables

1-Day Chart
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Morningstar Rating for Stocks
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Economic Moat
Market Cap
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Eni SpA ADR
E
XjrhbcrfLfc$49.6 Bil

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