WinstonWınston
Back
Stock

Eni S.p.A.

0N9S.IL
36
Oil & Gas Integrated · Energy
Price
€25.38
+0.20 (+0.80%)
Market Cap
€82.87B
Exchange
International Order Book
Winston Score
36
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Oct 12, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Weak
7/30
Growth
Mixed
7/20
Cash Flow
Strong
7/10
Stability
Mixed
3/10
Valuation
Good
5/10
Ownership
Not counted
n/a
Dividends
Not counted
n/a

29 of 80 counted points = Winston Score 36. Pillars marked n/a do not apply to this company and are left out of the total.

Track this stock — start free trial

Share count falling — buybacks

−13.6% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 3.57B (2021) → 3.09B (2025)

§Winston Score History

The full picture

Eni is one of Europe's largest integrated oil and gas companies, headquartered in Italy. It explores for, produces, refines, and sells oil and natural gas around the world. Eni also operates gas stations, petrochemical plants, and a growing renewable energy business through its Plenitude subsidiary.

The company earns revenue by selling crude oil, natural gas, refined fuels, and chemicals to industrial customers, utilities, and consumers. Eni operates across more than 60 countries, with major production assets in Africa, the Middle East, and the Mediterranean. Its long-standing government relationships and deep expertise in exploration give it a competitive edge in accessing new reserves. A key growth driver is Eni's push into low-carbon energy and carbon capture, but the business remains heavily exposed to volatile oil and gas prices, which can significantly impact profitability.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
9.2%
Thin — 9.2% gross margin
Profit after running costs
Operating Margin
10.5%
Modest — 10.5% operating margin
Return on the money invested
ROCE
5.5%
Weak — 5.5% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
-3.0%
Shrinking sales (-3.0% YoY)
Profit growth
EPS YoY
+126.8%
Earnings growing fast (+126.8% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
250%
Turns 250% of profit into real cash
Spare cash per sale
FCF Margin
4.4%
Thin free cash flow (4.4%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
0.72
Moderate — manageable debt (0.72)
Covers its interest
Interest Cover
0.95x
Dangerous — barely covers interest (0.9x)

Interest coverage below 1. Their profits don't cover the interest bill.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
14.2x
Attractive valuation — P/E 14.2

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial