Valuation Eni Cinnober Boat

Stocks

Delayed Cinnober Boat			5-day change	1st Jan Change
- ^EUR	-.--%		-.--%	-

09-02	Chevron, Eni commit to expand oil projects in Venezuela under US eye	RE
09-02	Eni's Descalzi signs Venezuela oilfield development agreement	RE

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	43,240	44,706	49,449	40,411	48,951	69,392	-	-
Change	-	3.39%	10.61%	-18.28%	21.13%	41.76%	-	-
Enterprise Value (EV) ¹	61,816	56,678	65,684	59,039	64,037	81,829	80,579	79,067
Change	-	-8.31%	15.89%	-10.12%	8.47%	27.78%	-1.53%	-1.88%
P/E	7.23x	3.38x	11x	16.6x	20.7x	8.62x	10.4x	10x
PBR	0.98x	0.85x	0.95x	0.78x	1.02x	1.38x	1.32x	1.25x
PEG	-	0x	-0.2x	-0.4x	-16.35x	0x	-0.6x	2.92x
Capitalization / Revenue	0.56x	0.34x	0.53x	0.46x	0.6x	0.7x	0.79x	0.8x
EV / Revenue	0.81x	0.43x	0.7x	0.66x	0.78x	0.82x	0.91x	0.91x
EV / EBITDA	3.7x	2.29x	3.09x	3.26x	4.08x	4.08x	4.39x	4.23x
EV / EBIT	6.39x	2.78x	4.76x	5.71x	7.67x	6.47x	7.35x	7.13x
EV / FCF	8.12x	6.03x	11.1x	12.8x	13.7x	9.27x	10.1x	9.16x
FCF Yield	12.3%	16.6%	8.99%	7.8%	7.31%	10.8%	9.88%	10.9%
Dividend per Share ²	0.86	0.88	0.94	1	1.05	1.117	1.144	1.19
Rate of return	7.04%	6.62%	6.12%	7.64%	6.51%	4.69%	4.8%	5%
EPS ²	1.69	3.93	1.4	0.79	0.78	2.761	2.297	2.376
Distribution rate	50.9%	22.4%	67.1%	127%	135%	40.5%	49.8%	50.1%
Net sales ¹	76,570	132,237	93,717	88,797	82,151	99,760	88,349	86,503
EBITDA ¹	16,729	24,740	21,284	18,091	15,693	20,072	18,355	18,709
EBIT ¹	9,667	20,391	13,805	10,348	8,344	12,646	10,968	11,085
Net income ¹	6,128	13,810	4,747	2,641	2,608	7,839	6,115	6,255
Net Debt ¹	18,576	11,972	16,235	18,628	15,086	12,436	11,187	9,674
Reference price ²	12.22	13.29	15.35	13.09	16.14	23.81	23.81	23.81
Nbr of stocks (in thousands)	3,538,443	3,364,864	3,221,837	3,087,185	3,032,919	2,914,412	-	-
Announcement Date	18/02/22	23/02/23	16/02/24	27/02/25	26/02/26	-	-	-