Financials Eni S.p.A

Equities

ENI

IT0003132476

Integrated Oil & Gas

Market Closed - Borsa Italiana Other stock markets 16:44:59 18/09/2024 BST			5-day change	1st Jan Change
14.25 ^EUR	0.00%		+3.77%	-7.15%

09-18	Eni buys back own shares for EUR38 million	AN
09-16	Eni Discusses Plenitude Stake Sale with Various Funds	MT

Projected Income Statement: Eni S.p.A

Fiscal Period: Dicembre	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	69,881	43,987	76,570	132,237	93,717	92,196	94,670	100,077
Change	-	-37.05%	74.07%	72.7%	-29.13%	-1.62%	2.68%	5.71%
EBITDA ¹	16,703	9,202	16,729	24,740	21,284	19,464	18,797	19,361
Change	-	-44.91%	81.8%	47.89%	-13.97%	-8.55%	-3.43%	3%
EBIT ¹	8,597	1,898	9,667	20,391	13,805	11,874	11,116	11,343
Change	-	-77.92%	409.33%	110.93%	-32.3%	-13.99%	-6.39%	2.05%
Interest Paid ¹	-921	-893	-903	-1,053	-443	-619.2	-617.4	-674.1
Earnings before Tax (EBT) ¹	5,746	-5,946	11,103	22,066	10,206	11,618	12,210	12,136
Change	-	-	-	98.74%	-53.75%	13.84%	5.1%	-0.6%
Net income ¹	148	-8,563	6,128	13,810	4,747	5,768	6,377	6,384
Change	-	-	-	125.36%	-65.63%	21.5%	10.57%	0.11%
Announcement Date	28/02/20	19/02/21	18/02/22	23/02/23	16/02/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2
Net sales ¹	16,686	16,215	13,873	8,157	10,326	11,631	14,494	16,294	19,021	26,761	32,129	31,556	37,302	31,250	27,185	19,591	22,319	24,622	22,936	21,715	24,747	24,311	29,057	24,808	20,230	20,230	20,230	20,230
Change	-	-2.82%	-14.44%	-41.2%	26.59%	12.64%	24.62%	12.42%	16.74%	40.69%	20.06%	-1.78%	18.21%	-16.22%	-13.01%	-27.93%	13.92%	10.32%	-6.85%	-5.32%	13.96%	-1.76%	19.52%	-14.62%	-18.45%	0%	0%	0%
EBITDA ¹	4,226	4,018	3,187	1,553	2,314	2,158	3,021	4,855	4,320	5,770	-	7,386	-	6,167	6,493	5,254	-	4,754	6,074	5,113	4,671	4,646	5,084	4,617	4,728	4,793	4,881	4,657
Change	-	-4.92%	-20.68%	-51.27%	49%	-6.74%	39.99%	60.71%	-11.02%	33.56%	-100%	-	-100%	-	5.29%	-19.08%	-100%	-	27.77%	-15.82%	-8.64%	-0.54%	9.42%	-9.18%	2.41%	1.37%	1.83%	-4.58%
EBIT ¹	2,159	1,805	1,307	-434	537	488	1,321	2,045	2,492	3,809	5,191	5,841	5,772	3,587	4,641	3,381	3,014	2,769	4,116	3,185	2,674	2,709	2,946	2,482	2,463	2,520	2,613	2,422
Change	-	-16.4%	-27.59%	-	-	-9.12%	170.7%	54.81%	21.86%	52.85%	36.28%	12.52%	-1.18%	-37.86%	29.38%	-27.15%	-10.85%	-8.13%	48.65%	-22.62%	-16.04%	1.29%	8.76%	-15.73%	-0.78%	2.32%	3.67%	-7.32%
Charge d'intérêts	-186	-190	-460	-68	-189	-176	-250	-221	-231	-201	-339	-280	-308	-126	-123	-144	-122	-54	-246	-189	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	1,834	-431	-2,393	-	3	-269	-	-	-	5,390	-	-	-	460	-	2,057	3,438	1,130	2,725	2,072	-	-	-	-	-	-	-	-
Change	-	-	455.22%	-100%	-	-	-100%	-	-	-	-100%	-	-	-	-100%	-	67.14%	-67.13%	141.15%	-23.96%	-100%	-	-	-	-	-	-	-
Net income ¹	523	-1,891	-2,929	-4,406	-503	-725	856	247	1,203	3,822	3,583	3,815	5,862	550	2,388	294	1,916	-	1,211	661	1,133	1,110	1,400	1,325	1,338	1,347	1,463	1,350
Change	-	-	54.89%	50.43%	-88.58%	44.14%	-	-71.14%	387.04%	217.71%	-6.25%	6.48%	53.66%	-90.62%	334.18%	-87.69%	551.7%	-100%	-	-45.42%	71.35%	-1.96%	26.1%	-5.37%	0.95%	0.67%	8.67%	-7.73%
Announcement Date	25/10/19	28/02/20	24/04/20	30/07/20	28/10/20	19/02/21	30/04/21	30/07/21	29/10/21	18/02/22	29/04/22	29/07/22	28/10/22	23/02/23	28/04/23	28/07/23	27/10/23	16/02/24	24/04/24	26/07/24	-	-	-	-	-	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 S1	2021 S1	2022 S1	2023 S1
Net sales	-	-	-	-
Change	-	-	-	-
EBITDA	-	-	-	-
Change	-	-	-	-
EBIT ¹	873	3,366	11,032	8,022
Change	-	285.57%	227.75%	-27.28%
Charge d'intérêts ¹	-528	-471	-	-267
Earnings before Tax (EBT)	-	-	-	-
Change	-	-	-	-
Net income	-7,335	1,103	7,398	-
Change	-	-	570.72%	-100%
Announcement Date	30/07/20	30/07/21	29/07/22	28/07/23

¹EUR in Million

Estimates

Forecast Balance Sheet: Eni S.p.A

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	17,125	16,586	18,576	11,972	16,235	17,242	16,606	15,709
Change	-	-3.15%	12%	-35.55%	35.61%	6.2%	-3.69%	-5.4%
Announcement Date	28/02/20	19/02/21	18/02/22	23/02/23	16/02/24	-	-	-

¹EUR in Million

Estimates

Cash Flow Forecast: Eni S.p.A

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	8,376	4,644	5,234	8,056	9,215	8,751	8,735	8,659
Change	-	-44.56%	12.7%	53.92%	14.39%	-5.04%	-0.19%	-0.86%
Free Cash Flow (FCF) ¹	4,016	178	7,617	9,404	5,904	5,835	5,909	6,796
Change	-	-95.57%	4,179.21%	23.46%	-37.22%	-1.18%	1.27%	15.01%
Announcement Date	28/02/20	19/02/21	18/02/22	23/02/23	16/02/24	-	-	-

¹EUR in Million

Estimates

Forecast Financial Ratios: Eni S.p.A

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	23.9%	20.92%	21.85%	18.71%	22.71%	21.11%	19.86%	19.35%
EBIT Margin (%)	12.3%	4.31%	12.63%	15.42%	14.73%	12.88%	11.74%	11.33%
EBT Margin (%)	8.22%	-13.52%	14.5%	16.69%	10.89%	12.6%	12.9%	12.13%
Net margin (%)	0.21%	-19.47%	8%	10.44%	5.07%	6.26%	6.74%	6.38%
FCF margin (%)	5.75%	0.4%	9.95%	7.11%	6.3%	6.33%	6.24%	6.79%
FCF / Net Income (%)	2,713.51%	-2.08%	124.3%	68.1%	124.37%	101.16%	92.66%	106.45%
Profitability
ROA	2.38%	-0.64%	3.83%	9.53%	5.63%	4.88%	4.82%	5.01%
ROE	5.82%	-1.74%	11.54%	26.84%	15.38%	11.35%	11.3%	11.34%
Financial Health
Leverage (Debt/EBITDA)	1.03x	1.8x	1.11x	0.48x	0.76x	0.89x	0.88x	0.81x
Debt / Free cash flow	4.26x	93.18x	2.44x	1.27x	2.75x	2.96x	2.81x	2.31x
Capital Intensity
CAPEX / Current Assets (%)	11.99%	10.56%	6.84%	6.09%	9.83%	9.49%	9.23%	8.65%
CAPEX / EBITDA (%)	50.15%	50.47%	31.29%	32.56%	43.3%	44.96%	46.47%	44.73%
CAPEX / FCF (%)	208.57%	2,608.99%	68.71%	85.67%	156.08%	149.98%	147.82%	127.42%
Items per share
Cash flow per share ¹	3.448	1.347	3.596	5.003	4.544	4.363	4.252	4.533
Change	-	-60.92%	166.91%	39.12%	-9.17%	-3.99%	-2.55%	6.61%
Dividend per Share ¹	0.86	0.36	0.86	0.88	0.94	0.9978	1.038	1.078
Change	-	-58.14%	138.89%	2.33%	6.82%	6.15%	4.01%	3.89%
Book Value Per Share ¹	13.32	10.49	12.5	15.72	16.09	16.83	18.02	19.05
Change	-	-21.22%	19.15%	25.75%	2.36%	4.6%	7.05%	5.74%
EPS ¹	0.04	-2.4	1.69	3.93	1.4	1.848	2.055	2.128
Change	-	-6,100%	-170.42%	132.54%	-64.38%	32.03%	11.18%	3.53%
Nbr of stocks (in thousands)	3,600,558	3,572,550	3,538,443	3,364,864	3,221,837	3,173,301	3,173,301	3,173,301
Announcement Date	28/02/20	19/02/21	18/02/22	23/02/23	16/02/24	-	-	-