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

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 $8.8b -3.0% $-0.41
2017 $71.0b (25.2%) $3.9b (330.5%) $11.7b (31.9%) 5.5% (284.1%) $0.94 (329.3%)
2018 $76.9b (8.4%) $148.8m (-96.2%) $15.7b (34.9%) 0.2% (-96.5%) $1.15 (22.3%)
2019 $1.2b (-98.5%) $170.7m (14.7%) $170.7m (-98.9%) 14.7% (7509.5%) $0.04 (-96.5%)
2020 $960.0m (-17.2%) $-10.0b (-5934.5%) $5.6b (3158.1%) -1037.3% (-7150.0%) $-2.42 (-6150.0%)
2021 $1.2b (24.6%) $6.7b (167.4%) $14.4b (158.4%) 561.3% (154.1%) $1.61 (166.5%)
2022 $1.2b (-1.8%) $16.0b (138.6%) $10.8b (-24.6%) 1362.9% (142.8%) $3.96 (146.0%)
2023 $1.1b (-6.5%) $5.5b (-65.6%) $6.8b (-37.2%) 500.6% (-63.3%) $1.41 (-64.4%)
2024 $2.4b (119.9%) $3.0b (-45.0%) $5.3b (-22.1%) 125.2% (-75.0%) $0.79 (-44.0%)
2025 $1.5b (-38.8%) $3.0b (-0.6%) $4.7b (-10.9%) 203.5% (62.5%) $0.78 (-1.3%)

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