ENI ENI.MI
ENI is an Italian integrated oil company with exploration and production (upstream), refining and marketing (downstream), and a growing renewable energy division. Eni presents a mixed profile: solid financial health (ND/EBITDA 1.65) and an attractive dividend (3.93% net), but quality is weak due to negative free cash flow conversion (-67.87%) and 580% earnings growth reflects a refining cycle peak that is not sustainable.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
ENI is an Italian integrated oil company with exploration and production (upstream), refining and marketing (downstream), and a growing renewable energy division. Eni presents a mixed profile: solid financial health (ND/EBITDA 1.65) and an attractive dividend (3.93% net), but quality is weak due to negative free cash flow conversion (-67.87%) and 580% earnings growth reflects a refining cycle peak that is not sustainable.
Score by category
| Category | Score |
|---|---|
| Financial health | 6.4 |
| Quality / Moat | 3.7 |
| Valuation | 5.1 |
| Growth | 7.2 |
| Dividend | 8.0 |
| Momentum | 8.4 |
| Risk & Context | 6.3 |
OVERALL SCORE: 6.1/10
Context and risks
Italy presents an elevated governance risk, with a history of political intervention in energy companies (such as fuel price caps) that can affect downstream profitability. Additionally, exposure to Algeria and Libya in its upstream adds geopolitical risk.
News considered in the analysis
- Eni Caps Italian Fuel Prices as Refining Crunch Drives Costs Higher — El tope a los precios de combustible en Italia, en un contexto de márgenes de refino excepcionales, podría limitar la captura de estos márgenes en el downstream, aunque el efecto neto es moderado dado el peso del upstream.
- Eni Advances Indonesia Offshore Exploration With Sapukala Block — La adjudicación del bloque de exploración Sapukala en Indonesia refuerza la cartera de upstream de Eni, con potencial de crecimiento a medio plazo, aunque aún en fase exploratoria.
- Italy Pushes Refineries to Raise Fuel Output Amid Price Surge — La presión del gobierno italiano para aumentar la producción de refino es un factor de política energética que podría afectar la dinámica de oferta, pero sin un impacto directo claro en los beneficios de Eni.
- Keep Portfolio Swings in Check With VLO, PBF, FET & E — Listículo de selección de valores sin información nueva sobre Eni.
- Eni wins Sapukala exploration block in Indonesia’s Kutei Basin — Confirmación de la noticia de exploración en Indonesia, con el mismo impacto positivo moderado en la cartera de upstream.
Verdict: Hold; the dividend and valuation offer support, but the quality of cash conversion and governance risk in Italy limit the appeal.
Main risk: The main risk is political intervention in Italy (fuel price caps) and geopolitical exposure in Algeria and Libya, which can erode downstream and upstream profitability.
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