Projected Income Statement: Eni S.p.A

Forecast Balance Sheet: Eni S.p.A

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 16,586 18,576 11,972 16,235 18,628 16,345 16,065 16,504
Change - 12% -35.55% 35.61% 14.74% -12.26% -1.71% 2.73%
Announcement Date 19/02/21 18/02/22 23/02/23 16/02/24 27/02/25 - - -
1EUR in Million
Estimates

Cash Flow Forecast: Eni S.p.A

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
CAPEX 1 4,644 5,234 8,056 9,215 8,485 8,370 8,319 8,356
Change - 12.7% 53.92% 14.39% -7.92% -1.36% -0.6% 0.44%
Free Cash Flow (FCF) 1 178 7,617 9,404 5,904 4,607 4,991 5,661 4,915
Change - 4,179.21% 23.46% -37.22% -21.97% 8.33% 13.42% -13.17%
Announcement Date 19/02/21 18/02/22 23/02/23 16/02/24 27/02/25 - - -
1EUR in Million
Estimates

Forecast Financial Ratios: Eni S.p.A

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027

Profitability

        
EBITDA Margin (%) 20.92% 21.85% 18.71% 22.71% 20.37% 20.68% 20.23% 20.93%
EBIT Margin (%) 4.31% 12.63% 15.42% 14.73% 11.65% 10.54% 10.07% 10.91%
EBT Margin (%) -13.52% 14.5% 16.69% 10.89% 7.33% 11.34% 12% 13.05%
Net margin (%) -19.47% 8% 10.44% 5.07% 2.97% 5.2% 5.83% 6.32%
FCF margin (%) 0.4% 9.95% 7.11% 6.3% 5.19% 6.12% 6.87% 5.72%
FCF / Net Income (%) -2.08% 124.3% 68.1% 124.37% 174.44% 117.58% 117.88% 90.42%

Profitability

        
ROA -0.64% 3.83% 9.53% 5.63% 3.64% 3.78% 3.82% 4.14%
ROE -1.74% 11.54% 26.84% 15.38% 9.93% 9.1% 9.29% 10.42%

Financial Health

        
Leverage (Debt/EBITDA) 1.8x 1.11x 0.48x 0.76x 1.03x 0.97x 0.96x 0.92x
Debt / Free cash flow 93.18x 2.44x 1.27x 2.75x 4.04x 3.27x 2.84x 3.36x

Capital Intensity

        
CAPEX / Current Assets (%) 10.56% 6.84% 6.09% 9.83% 9.56% 10.26% 10.1% 9.72%
CAPEX / EBITDA (%) 50.47% 31.29% 32.56% 43.3% 46.9% 49.59% 49.91% 46.44%
CAPEX / FCF (%) 2,608.99% 68.71% 85.67% 156.08% 184.18% 167.7% 146.97% 170.02%

Items per share

        
Cash flow per share 1 1.347 3.596 5.003 4.544 4.053 3.865 4.145 4.531
Change - 166.91% 39.12% -9.17% -10.81% -4.63% 7.25% 9.3%
Dividend per Share 1 0.36 0.86 0.88 0.94 1 1.047 1.087 1.123
Change - 138.89% 2.33% 6.82% 6.38% 4.7% 3.79% 3.36%
Book Value Per Share 1 10.49 12.5 15.72 16.09 16.68 16.07 16.48 17.09
Change - 19.15% 25.75% 2.36% 3.67% -3.66% 2.52% 3.71%
EPS 1 -2.4 1.69 3.93 1.4 0.79 1.307 1.56 1.818
Change - 170.42% 132.54% -64.38% -43.57% 65.49% 19.3% 16.59%
Nbr of stocks (in thousands) 3,572,550 3,538,443 3,364,864 3,221,837 3,087,185 3,032,919 3,032,919 3,032,919
Announcement Date 19/02/21 18/02/22 23/02/23 16/02/24 27/02/25 - - -
1EUR
Estimates
2025 *2026 *
P/E ratio 12.5x 10.5x
PBR 1.02x 0.99x
EV / Sales 0.81x 0.8x
Yield 6.4% 6.65%
More valuation ratios * Estimated data

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
A
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
22
Last Close Price
16.35EUR
Average target price
16.40EUR
Spread / Average Target
+0.31%
Consensus

Quarterly revenue - Rate of surprise