Eni Spa - ADR
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+ FollowMarket Cap$82.21B
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Earnings Call Q3 2024
October 25, 2024 - AI Summary
**Resilient Q3 Performance**: Eni reported pro forma adjusted EBIT of €3.4 billion and cash flow from operations of €2.9 billion in Q3 2024, down only 14% year-on-year, demonstrating resilience amid volatile energy markets. Upstream businesses were the primary contributors, accounting for €3.2 billion of the EBIT.
**Increased Shareholder Distributions**: The company has raised its 2024 share buyback program to €2 billion, an increase of €400 million, reflecting better-than-expected portfolio activity and cash flow performance. The dividend for this year was also increased by 6% year-on-year.
**Chemical Sector Challenges**: Eni's chemical segment, Versalis, continues to face significant challenges with accumulated material losses. The outlook for the European chemicals industry remains grim, and breakeven EBITDA is now unlikely until 2026 or beyond, leading to restructuring efforts including the closure of non-competitive facilities.
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$78.08
35.9% upside
Current Fair Value
35.9% upsideUndervalued by 35.9% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $82.21 Billion |
|---|---|
| Enterprise Value | $110.82 Billion |
| Dividend Yield | $2.44 (4.20%) |
| Earnings per Share | $1.72 |
| Beta | 0.23 |
| Outstanding Shares | 1,467,300,000 |
Return
| Return on Equity | 8.72% |
|---|---|
| Return on Assets | 3.09% |
| Return on Invested Capital | 4.18% |
Valuation & Multiples
| P/E Ratio | 14.41 |
|---|---|
| PEG | 2.76 |
| Price to Sales | 1.44 |
| Price to Book Ratio | 1.51 |
| Enterprise Value to Revenue | 1.85 |
| Enterprise Value to EBIT | 23.68 |
| Enterprise Value to Net Income | 24 |
| Total Debt to Enterprise | 0.33 |
| Debt to Equity | 0.71 |
Revenue Sources
No data
Insider Trades
Last Earnings Call
Report Date
July 29, 2026
EPS Estimate
$1.90
Average shareholder expectationRevenue Estimate
$27.93 B
Average shareholder expectationNext Earnings Call
Expected Date
October 23, 2026
EPS Estimate
$1.87
Average shareholder expectationRevenue Estimate
$25.89 B
Average shareholder expectationInstitutional Put/Call Ratio
Market sentiment based on institutional option activity.
| Put/Call Ratio | 0.0000▼ 436.75% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 0.00%▼ 1.77% |
|---|---|
| Total Invested | $2.67M▼ 99.78% |
| Investors Holding | 15▼ 340.00% |
ESG Score
No data
About Eni Spa
32,349 employees
CEO: Claudio Descalzi Eni S.p.A. is a prominent energy company involved in the exploration, development, and production of crude oil and natural gas. Its diverse business operations are managed through distinct segments: Exploration & Production; Global Gas &...