Projected Income Statement: Eni S.p.A

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 18,193 16,312 16,192
Change - -3.15% 12% -35.55% 35.61% 12.06% -10.34% -0.74%
Announcement Date 2/28/20 2/19/21 2/18/22 2/23/23 2/16/24 - - -
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 8,652 8,807 8,726
Change - -44.56% 12.7% 53.92% 14.39% -6.11% 1.79% -0.91%
Free Cash Flow (FCF) 1 4,016 178 7,617 9,404 5,904 6,163 6,685 5,993
Change - -95.57% 4,179.21% 23.46% -37.22% 4.39% 8.46% -10.36%
Announcement Date 2/28/20 2/19/21 2/18/22 2/23/23 2/16/24 - - -
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% 21.15% 19.77% 19.44%
EBIT Margin (%) 12.3% 4.31% 12.63% 15.42% 14.73% 12.37% 11.26% 11.09%
EBT Margin (%) 8.22% -13.52% 14.5% 16.69% 10.89% 12.21% 12.04% 11.41%
Net margin (%) 0.21% -19.47% 8% 10.44% 5.07% 5.17% 6.12% 5.91%
FCF margin (%) 5.75% 0.4% 9.95% 7.11% 6.3% 6.94% 7.44% 6.34%
FCF / Net Income (%) 2,713.51% -2.08% 124.3% 68.1% 124.37% 134.33% 121.63% 107.19%

Profitability

        
ROA 2.38% -0.64% 3.83% 9.53% 5.63% 4.41% 4.48% 4.75%
ROE 5.82% -1.74% 11.54% 26.84% 15.38% 10.59% 10.5% 10.7%

Financial Health

        
Leverage (Debt/EBITDA) 1.03x 1.8x 1.11x 0.48x 0.76x 0.97x 0.92x 0.88x
Debt / Free cash flow 4.26x 93.18x 2.44x 1.27x 2.75x 2.95x 2.44x 2.7x

Capital Intensity

        
CAPEX / Current Assets (%) 11.99% 10.56% 6.84% 6.09% 9.83% 9.74% 9.8% 9.23%
CAPEX / EBITDA (%) 50.15% 50.47% 31.29% 32.56% 43.3% 46.05% 49.58% 47.48%
CAPEX / FCF (%) 208.57% 2,608.99% 68.71% 85.67% 156.08% 140.38% 131.74% 145.62%

Items per share

        
Cash flow per share 1 3.448 1.347 3.596 5.003 4.544 3.956 4.078 4.258
Change - -60.92% 166.91% 39.12% -9.17% -12.94% 3.09% 4.4%
Dividend per Share 1 0.86 0.36 0.86 0.88 0.94 0.998 1.038 1.08
Change - -58.14% 138.89% 2.33% 6.82% 6.17% 4.02% 4.02%
Book Value Per Share 1 13.32 10.49 12.5 15.72 16.09 16.17 16.78 17.39
Change - -21.22% 19.15% 25.75% 2.36% 0.48% 3.76% 3.67%
EPS 1 0.04 -2.4 1.69 3.93 1.4 1.408 1.784 1.875
Change - -6,100% -170.42% 132.54% -64.38% 0.54% 26.76% 5.07%
Nbr of stocks (in thousands) 3,600,558 3,572,550 3,538,443 3,364,864 3,221,837 3,079,860 3,079,860 3,079,860
Announcement Date 2/28/20 2/19/21 2/18/22 2/23/23 2/16/24 - - -
1EUR
Estimates
2024 *2025 *
P/E ratio 9.85x 7.77x
PBR 0.86x 0.83x
EV / Sales 0.69x 0.66x
Yield 7.2% 7.49%
More valuation ratios * Estimated data

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG MSCI
A
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
23
Last Close Price
13.86EUR
Average target price
16.17EUR
Spread / Average Target
+16.65%
Consensus

Quarterly revenue - Rate of surprise