Discounted Cash Flow

ENI SPA ADR

E · Based on 10 years of SEC filings · Converted from EUR to USD

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $56.7b $-1.7b $8.9b -3.0%
2017 $71.0b (25.2%) $3.9b (330.5%) $11.8b (31.9%) 5.5% (284.1%)
2018 $76.9b (8.4%) $149.9m (-96.2%) $15.9b (34.9%) 0.2% (-96.5%)
2019 $69.9b (-9.2%) $172.0m (14.7%) $13.9b (-12.1%) 0.2% (26.3%)
2020 $44.0b (-37.1%) $-10.0b (-5934.5%) $5.6b (-59.8%) -22.8% (-9369.1%)
2021 $76.6b (74.1%) $6.8b (167.4%) $14.5b (158.4%) 8.8% (138.7%)
2022 $132.5b (73.0%) $16.1b (138.6%) $10.9b (-24.6%) 12.2% (37.9%)
2023 $93.7b (-29.3%) $5.5b (-65.6%) $6.9b (-37.2%) 5.9% (-51.4%)
2024 $88.8b (-5.2%) $3.0b (-45.0%) $5.3b (-22.1%) 3.4% (-42.0%)
2025 $82.2b (-7.5%) $3.0b (-0.6%) $4.8b (-10.9%) 3.7% (7.4%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in EUR. Values above are converted to USD for comparison with the US-listed share price.

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model