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Eni SpA (MIL:ENI) Cyclically Adjusted Price-to-FCF : 13.76 (As of May. 01, 2024)


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What is Eni SpA Cyclically Adjusted Price-to-FCF?

As of today (2024-05-01), Eni SpA's current share price is €15.136. Eni SpA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €1.10. Eni SpA's Cyclically Adjusted Price-to-FCF for today is 13.76.

The historical rank and industry rank for Eni SpA's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

MIL:ENI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 12.99   Med: 24.02   Max: 143.18
Current: 13.91

During the past years, Eni SpA's highest Cyclically Adjusted Price-to-FCF was 143.18. The lowest was 12.99. And the median was 24.02.

MIL:ENI's Cyclically Adjusted Price-to-FCF is ranked better than
52.54% of 394 companies
in the Oil & Gas industry
Industry Median: 14.345 vs MIL:ENI: 13.91

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Eni SpA's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-0.008. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €1.10 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Eni SpA Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Eni SpA's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Eni SpA Cyclically Adjusted Price-to-FCF Chart

Eni SpA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 46.63 30.99 25.85 15.71 14.14

Eni SpA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.65 13.57 14.85 14.14 13.34

Competitive Comparison of Eni SpA's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Integrated subindustry, Eni SpA's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Eni SpA's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Eni SpA's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Eni SpA's Cyclically Adjusted Price-to-FCF falls into.



Eni SpA Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Eni SpA's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=15.136/1.1
=13.76

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Eni SpA's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Eni SpA's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.008/119.5000*119.5000
=-0.008

Current CPI (Mar. 2024) = 119.5000.

Eni SpA Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.167 100.093 0.199
201409 0.250 99.814 0.299
201412 0.484 99.721 0.580
201503 -0.165 99.814 -0.198
201506 0.011 100.279 0.013
201509 -0.197 100.000 -0.235
201512 0.445 99.814 0.533
201603 -0.300 99.600 -0.360
201606 -0.187 99.900 -0.224
201609 -0.207 100.100 -0.247
201612 0.264 100.300 0.315
201703 -0.252 101.000 -0.298
201706 0.169 101.100 0.200
201709 0.172 101.200 0.203
201712 0.315 101.200 0.372
201803 -0.097 101.800 -0.114
201806 0.300 102.400 0.350
201809 0.631 102.600 0.735
201812 0.424 102.300 0.495
201903 -0.039 102.800 -0.045
201906 0.699 103.100 0.810
201909 0.043 102.900 0.050
201912 0.415 102.800 0.482
202003 -0.172 102.900 -0.200
202006 0.119 102.900 0.138
202009 0.159 102.300 0.186
202012 -0.056 102.600 -0.065
202103 0.066 103.700 0.076
202106 0.410 104.200 0.470
202109 0.485 104.900 0.553
202112 1.178 106.600 1.321
202203 0.489 110.400 0.529
202206 0.664 112.500 0.705
202209 0.998 114.200 1.044
202212 0.540 119.000 0.542
202303 0.257 118.800 0.259
202306 0.564 119.700 0.563
202309 0.499 120.300 0.496
202312 0.456 119.500 0.456
202403 -0.008 119.500 -0.008

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Eni SpA  (MIL:ENI) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Eni SpA Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Eni SpA's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Eni SpA (MIL:ENI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Eni SpA (MIL:ENI) » Definitions » Cyclically Adjusted Price-to-FCF
Address
1, Piazzale Enrico Mattei, Rome, ITA, 00144
Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, the company produced 0.8 million barrels of liquids and 4.5 billion cubic feet of natural gas per day. At end-2022, Eni held reserves of 6.6 billion barrels of oil equivalent, 48% of which are liquids. The Italian government owns a 30.1% stake in the company. Eni is placing its renewable and low-carbon business in a separate entity called Plentitude, which it will likely list publicly at some point.

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