Eni Total Assets vs Property Plant and Equipment Net Analysis

E Stock  USD 31.72  0.25  0.79%   
Eni SPA financial indicator trend analysis is much more than just examining Eni SpA ADR latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eni SpA ADR is a good investment. Please check the relationship between Eni SPA Total Assets and its Property Plant And Equipment Net accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eni SpA ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

Total Assets vs Property Plant And Equipment Net

Total Assets vs Property Plant and Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eni SpA ADR Total Assets account and Property Plant and Equipment Net. At this time, the significance of the direction appears to have strong relationship.
The correlation between Eni SPA's Total Assets and Property Plant and Equipment Net is 0.77. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Property Plant and Equipment Net in the same time period over historical financial statements of Eni SpA ADR, assuming nothing else is changed. The correlation between historical values of Eni SPA's Total Assets and Property Plant and Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Eni SpA ADR are associated (or correlated) with its Property Plant and Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant and Equipment Net has no effect on the direction of Total Assets i.e., Eni SPA's Total Assets and Property Plant and Equipment Net go up and down completely randomly.

Correlation Coefficient

0.77
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Assets

Total assets refers to the total amount of Eni SPA assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Eni SpA ADR books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Eni SPA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eni SpA ADR current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eni SpA ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
The current year's Tax Provision is expected to grow to about 4.9 B, whereas Selling General Administrative is forecasted to decline to about 2.4 B.
 2021 2022 2023 2024 (projected)
Interest Income1.1B8.4B7.4B7.8B
Tax Provision5.0B8.2B4.2B4.9B

Eni SPA fundamental ratios Correlations

0.830.50.930.950.770.640.230.930.480.930.040.450.740.030.910.850.44-0.270.980.820.90.760.31-0.040.45
0.830.570.810.670.580.810.460.690.510.76-0.110.590.350.210.90.560.61-0.210.90.710.720.770.17-0.080.65
0.50.570.720.30.340.410.260.40.380.29-0.370.560.16-0.060.510.270.79-0.010.620.180.710.48-0.180.010.67
0.930.810.720.820.650.630.330.90.490.810.030.530.670.020.830.810.7-0.280.950.650.940.730.24-0.080.54
0.950.670.30.820.690.50.10.880.40.880.070.340.83-0.010.780.810.21-0.240.870.870.830.750.32-0.020.32
0.770.580.340.650.690.470.190.720.340.880.030.290.38-0.010.850.730.22-0.280.770.470.540.360.33-0.040.24
0.640.810.410.630.50.470.130.510.00.650.10.130.360.110.690.430.48-0.50.690.670.50.640.52-0.060.32
0.230.460.260.330.10.190.130.240.740.28-0.120.73-0.190.320.330.240.550.170.330.080.160.2-0.18-0.480.48
0.930.690.40.90.880.720.510.240.410.890.260.360.770.030.820.960.47-0.340.90.650.840.550.370.00.34
0.480.510.380.490.40.340.00.740.410.39-0.310.920.120.250.510.370.460.430.530.270.480.39-0.36-0.490.58
0.930.760.290.810.880.880.650.280.890.390.220.310.620.130.910.870.32-0.380.90.750.690.630.49-0.110.25
0.04-0.11-0.370.030.070.030.1-0.120.26-0.310.22-0.510.30.46-0.020.41-0.11-0.3-0.02-0.05-0.07-0.120.56-0.18-0.62
0.450.590.560.530.340.290.130.730.360.920.31-0.510.030.170.510.260.630.410.540.270.520.43-0.44-0.40.84
0.740.350.160.670.830.380.36-0.190.770.120.620.30.03-0.140.460.770.12-0.240.620.680.750.50.38-0.010.0
0.030.21-0.060.02-0.01-0.010.110.320.030.250.130.460.17-0.140.160.040.110.380.070.03-0.030.16-0.07-0.550.02
0.910.90.510.830.780.850.690.330.820.510.91-0.020.510.460.160.740.46-0.20.950.680.760.640.22-0.060.51
0.850.560.270.810.810.730.430.240.960.370.870.410.260.770.040.740.38-0.320.80.530.730.40.42-0.110.14
0.440.610.790.70.210.220.480.550.470.460.32-0.110.630.120.110.460.38-0.120.570.160.570.380.02-0.260.64
-0.27-0.21-0.01-0.28-0.24-0.28-0.50.17-0.340.43-0.38-0.30.41-0.240.38-0.2-0.32-0.12-0.25-0.28-0.11-0.18-0.86-0.390.21
0.980.90.620.950.870.770.690.330.90.530.9-0.020.540.620.070.950.80.57-0.250.740.90.750.24-0.050.56
0.820.710.180.650.870.470.670.080.650.270.75-0.050.270.680.030.680.530.16-0.280.740.640.820.38-0.040.34
0.90.720.710.940.830.540.50.160.840.480.69-0.070.520.75-0.030.760.730.57-0.110.90.640.720.070.00.56
0.760.770.480.730.750.360.640.20.550.390.63-0.120.430.50.160.640.40.38-0.180.750.820.720.17-0.10.47
0.310.17-0.180.240.320.330.52-0.180.37-0.360.490.56-0.440.38-0.070.220.420.02-0.860.240.380.070.170.0-0.42
-0.04-0.080.01-0.08-0.02-0.04-0.06-0.480.0-0.49-0.11-0.18-0.4-0.01-0.55-0.06-0.11-0.26-0.39-0.05-0.040.0-0.10.00.02
0.450.650.670.540.320.240.320.480.340.580.25-0.620.840.00.020.510.140.640.210.560.340.560.47-0.420.02
Click cells to compare fundamentals

Eni SPA Account Relationship Matchups

Eni SPA fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets123.4B109.6B137.8B152.2B142.7B94.9B
Short Long Term Debt Total30.2B31.7B33.1B31.9B34.1B23.4B
Other Current Liab5.5B3.4B14.8B12.2B5.6B4.3B
Total Current Liabilities29.6B23.7B43.3B48.8B36.1B26.3B
Total Stockholder Equity47.8B37.4B44.4B54.8B53.2B37.4B
Property Plant And Equipment Net67.5B58.6B61.1B60.8B61.1B52.1B
Net Debt24.2B22.3B24.9B21.7B23.9B18.9B
Retained Earnings37.6B25.4B28.6B37.3B37.4B39.3B
Accounts Payable15.5B12.9B21.7B25.7B20.7B12.8B
Cash6.0B9.4B8.3B10.2B10.2B10.7B
Non Current Assets Total88.5B76.7B79.9B90.3B95.8B71.6B
Non Currrent Assets Other2.4B2.4B2.2B4.2B7.6B4.4B
Cash And Short Term Investments13.1B15.2B18.9B19.9B17.0B17.8B
Net Receivables13.1B11.1B19.0B21.2B17.2B16.9B
Common Stock Shares Outstanding1.8B1.8B1.8B1.7B3.3B2.1B
Liabilities And Stockholders Equity123.4B109.6B137.8B152.2B142.7B108.0B
Non Current Liabilities Total45.9B48.5B50.0B48.1B52.9B33.8B
Inventory4.7B3.9B6.1B7.7B6.2B4.9B
Other Current Assets4.0B2.7B13.6B12.8B6.5B6.9B
Total Liab75.5B72.2B93.2B96.9B89.0B56.0B
Property Plant And Equipment Gross68.6B58.1B61.1B60.8B69.9B54.1B
Total Current Assets34.9B32.9B57.9B61.9B46.9B32.0B
Accumulated Other Comprehensive Income7.2B8.6B12.8B16.3B5.6B5.3B
Short Term Debt6.5B5.6B5.0B8.4B8.1B4.7B
Intangible Assets763M751M1.0B1.6B1.4B1.9B
Short Term Investments7.1B5.8B10.6B9.8B6.8B3.6B
Other Liab22.2B22.4B21.8B24.7B28.4B19.5B
Other Assets7.9B6.5B6.7B8.1B9.3B7.2B
Long Term Debt18.9B21.9B23.7B19.4B22.3B18.4B
Property Plant Equipment67.5B58.1B61.0B60.8B69.9B66.1B
Current Deferred Revenue2.1B1.7B1.8B2.5B1.7B1.9B
Good Will1.3B1.3B2.9B3.1B2.8B1.7B
Net Tangible Assets44.8B34.1B39.9B49.2B56.6B41.0B
Long Term Investments11.1B8.7B9.6B15.2B17.5B18.4B
Short Long Term Debt5.1B4.8B4.1B7.5B6.8B4.4B

Eni SPA Investors Sentiment

The influence of Eni SPA's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Eni. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Eni SPA's public news can be used to forecast risks associated with an investment in Eni. The trend in average sentiment can be used to explain how an investor holding Eni can time the market purely based on public headlines and social activities around Eni SpA ADR. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Eni SPA's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Eni SPA's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Eni SPA's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Eni SPA.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Eni SPA in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Eni SPA's short interest history, or implied volatility extrapolated from Eni SPA options trading.

Pair Trading with Eni SPA

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eni SPA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eni SPA will appreciate offsetting losses from the drop in the long position's value.

Moving together with Eni Stock

  0.87EQNR Equinor ASA ADR Financial Report 2nd of May 2024 PairCorr

Moving against Eni Stock

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  0.43ET Energy Transfer LP Financial Report 7th of May 2024 PairCorr
The ability to find closely correlated positions to Eni SPA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eni SPA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eni SPA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eni SpA ADR to buy it.
The correlation of Eni SPA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eni SPA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eni SpA ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Eni SPA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Eni SpA ADR is a strong investment it is important to analyze Eni SPA's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Eni SPA's future performance. For an informed investment choice regarding Eni Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eni SpA ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Note that the Eni SpA ADR information on this page should be used as a complementary analysis to other Eni SPA's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

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Is Eni SPA's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eni SPA. If investors know Eni will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eni SPA listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.70)
Dividend Share
0.94
Earnings Share
3.04
Revenue Per Share
57.43
Quarterly Revenue Growth
(0.21)
The market value of Eni SpA ADR is measured differently than its book value, which is the value of Eni that is recorded on the company's balance sheet. Investors also form their own opinion of Eni SPA's value that differs from its market value or its book value, called intrinsic value, which is Eni SPA's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eni SPA's market value can be influenced by many factors that don't directly affect Eni SPA's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eni SPA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eni SPA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eni SPA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.