| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 91 | 10.2x | 17.3x | Top tier | |
Growth | 54 | 13.4% | 7.1% | Around median | |
Quality | 41 | 3.4% | 4.5% | Around median | |
Safety | 55 | 1.4x | 2.6x | Around median | |
Capital Return | 86 | 3.84% | 0.06% | Top tier | |
Momentum | 97 | 55.3% | -1.6% | Top tier | |
Sentiment | 44 | 4 | 3 | Around median |
The floor: what the company is worth if growth stopped today
75% of today's price is what a buyer pays for growth that has not happened yet.
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Eni S.p.A. operates across the integrated energy value chain, with exploration and production remaining at the core of its business, alongside gas, liquefied natural gas, refining, chemicals, and the Enilive and Plenitude platforms. The company derives its earnings and cash flows from oil and gas production, gas trading, refining, fuel marketing, biofuels, and low-carbon energy; it also uses a subsidiary model to attract third-party capital and finance expansion while limiting pressure on its balance sheet.
In the second quarter of fiscal year 2026, Eni generated pro forma operating profit of €5.4 billion and net income of €2.3 billion, with both figures doubling year over year, while cash flow from operations increased by more than 60% to €4.5 billion. Reported oil and gas production grew 8% year over year during the first half of fiscal year 2026, or 11% on an underlying basis, while pro forma net debt to equity stood at 10% at quarter-end.
The earnings mix was broad in the second quarter of fiscal year 2026: the gas and power business generated €470 million in pro forma operating profit, while Enilive and Plenitude together recorded €670 million in earnings before interest, taxes, depreciation, and amortization, including approximately €375 million from Enilive, with biorefineries contributing about 35% to 40%. On an annual basis, fiscal year 2025 revenue declined to $82.2 billion from $88.8 billion in fiscal year 2024, while net income remained stable at $2.8 billion and earnings per share at $0.78.
The average analyst target is $64.3, which is also the highest and lowest available target, compared with a 52-week range of $34.03 to $58; the target is therefore approximately 10.9% above the top of the annual range, but the lack of variation between the highest and lowest targets limits the usefulness of comparing multiple estimates. The consensus remains “Neutral,” a more cautious assessment than the operating momentum, and may reflect the decline in revenue to $82.2 billion in fiscal year 2025, geopolitical and legal risks, and capital expenditure intensity.
Figures in the text are as of 2026-08-27; the live price is shown at the top of the page.
Eni generated pro forma operating profit of €5.4 billion and net income of €2.3 billion, with both figures doubling year over year. Cash flow from operations reached €4.5 billion, an increase of more than 60%. Performance was supported by upstream production growth and strong contributions from Norway and Congo, alongside improvements in the gas business and Enilive.
Eni raised its fiscal year 2026 underlying production growth forecast to more than 5%, compared with the previous range of 3% to 4%. The company expects compound annual growth of approximately 4% through 2030, based on 54 organic growth projects. Sanctioned projects include the third phase of Baleine, Geng North, and Cronos, while the Searah platform is targeting production of nearly 800 thousand barrels per day by 2030.
Eni raised its share buyback program to €3.4 billion from €2.8 billion, compared with initial guidance of €1.5 billion. The company had repurchased €600 million worth of shares during the second quarter of fiscal year 2026, and the outstanding share count has declined by approximately 18% since 2021. Management also explained during the July 29, 2026 call that the decision on an exceptional distribution would depend on Brent and gas prices, refining margins, and cash generation during the year.
Automated analysis for informational purposes only — not investment advice.
On August 26, 2026, Eni announced a plan to invest $8.5 billion in Egypt to strengthen exploration and production. The plan includes approximately 30 exploration wells and around 200 development wells, with a focus on Denis West and Cronos. On July 28, 2026, Eni and TotalEnergies made the final investment decision to develop Cronos offshore Cyprus through four subsea wells and connect the gas to a liquefied natural gas route to Europe.
The clearest legal risk is the dispute over a $5 billion environmental fine in Kazakhstan, with arbitration proceedings still ongoing as of the July 29, 2026 call. Operationally, disruptions in the Middle East raised the estimate for project cost inflation from 3%–4% to 4%–6%, although most current contracts were signed before the crisis. Versalis also remains loss-making, and approximately $2 to $3 per barrel is deducted from the nominal refining margin due to shipping and logistics, differences in feedstock grades, and hedges.