Eni Spa - ADR

Eni Spa - ADR

E

Market Cap$48.2B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Eni Spa - ADREni Spa - ADR22.57.95%7%1.10.6

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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$39.60

Target Price by Analysts

30.7% upsideEni Spa Target Price DetailsTarget Price
$35.65

Current Fair Value

17.7% upside

Undervalued by 17.7% based on the discounted cash flow analysis.

Share Statistics

Market cap$48.20 Billion
Enterprise Value$72.14 Billion
Dividend Yield$2.1 (7.954629366336639%)
Earnings per Share$1.44
Beta1.01
Outstanding Shares3,187,319,100

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio22.48
PEG18.01
Price to Sales1.08
Price to Book Ratio1.78
Enterprise Value to Revenue0.79
Enterprise Value to EBIT5.34
Enterprise Value to Net Income18
Total Debt to Enterprise0.47
Debt to Equity0.63

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Eni Spa

CEO: Claudio Descalzi