Eni SpA ENI

Morningstar Rating
€20.76 −0.25 (1.19%)
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Company Report

Satellite Model Separates Eni From Peers

Eni’s strategy to achieve carbon neutrality in 2050 involves aggressive investment in low-carbon businesses, even as growth in its hydrocarbon portfolio continues. The company differentiates itself through a satellite model, establishing independent, self-funding entities to attract third-party capital and unlock value. To date, institutional investors have committed EUR 5.8 billion to these businesses. Eni expects to generate a further EUR 16 billion in cash proceeds from its satellites over 2026-30, building on the EUR 16 billion already cashed in since 2019.

Price vs Fair Value

ENI is trading at a LOCK|g@!$@^& premium.
Price
€20.75
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

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

Bears

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

News

Trading Information

Previous Close Price
€21.01
Day Range
€20.6821.02
52-Week Range
€14.0925.02
Bid/Ask
€20.68 / €21.02
Shares Outstanding
2.91B
Market Cap
€60.43B
Volume/Avg
6M / 10M

Key Statistics

Price/Earnings (Normalized)
16.26
Price/Sales
0.79
Dividend Yield (Trailing)
5.06%
Dividend Yield (Forward)
5.06%
Total Yield
8.04%

Company Profile

Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2025, the company produced 0.8 million barrels of liquids and 4.6 billion cubic feet of natural gas per day. At year-end 2025, Eni held reserves of 6.9 billion barrels of oil equivalent, 44% of which are liquids. The Italian government owns a 33.1% stake in the company. Plentitude, Eni's renewable and low-carbon business, has 5.8 gigawatts of renewable power capacity, serves 10 million electricity customers, and operates 23,000 electric vehicle charging points.
Sector
Energy
Industry
Oil & Gas Integrated
Stock Style Box
Large Value
Total Number of Employees
32,349

Competitors

Valuation

Metric
ENI
REP
TTE
Price/Earnings (Normalized)
16.269.2310.20
Price/Book Value
1.230.981.35
Price/Sales
0.790.370.94
Price/Cash Flow
7.064.775.82
Price/Earnings
ENI
REP
TTE

Financial Strength

Metric
ENI
REP
TTE
Quick Ratio
0.760.990.51
Current Ratio
1.471.431.08
Interest Coverage
0.698.8610.32
Quick Ratio
ENI
REP
TTE

Profitability

Metric
ENI
REP
TTE
Return on Assets (Normalized)
2.77%6.01%5.67%
Return on Equity (Normalized)
7.78%14.56%14.29%
Return on Invested Capital (Normalized)
5.11%9.38%9.76%
Return on Assets
ENI
REP
TTE

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Eni SpA ADR
E
LOCK|y>d#?<ZLOCK|>@$69B

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