SAIPEM SPA (SPEA.DE) Stock Fundamental Analysis

FRA:SPEA • IT0005495657

3.487 EUR
+0.15 (+4.4%)
Last: Feb 25, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Taking everything into account, SPEA scores 4 out of 10 in our fundamental rating. SPEA was compared to 36 industry peers in the Energy Equipment & Services industry. Both the profitability and the financial health of SPEA get a neutral evaluation. Nothing too spectacular is happening here. SPEA has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year SPEA was profitable.
  • SPEA had a positive operating cash flow in the past year.
  • In multiple years SPEA reported negative net income over the last 5 years.
  • SPEA had a positive operating cash flow in 4 of the past 5 years.
SPEA.DE Yearly Net Income VS EBIT VS OCF VS FCFSPEA.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B -2B

1.2 Ratios

  • With a Return On Assets value of 2.20%, SPEA is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
  • The Return On Equity of SPEA (11.73%) is better than 61.11% of its industry peers.
  • With a Return On Invested Capital value of 6.28%, SPEA perfoms like the industry average, outperforming 44.44% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for SPEA is significantly below the industry average of 10.18%.
  • The last Return On Invested Capital (6.28%) for SPEA is above the 3 year average (3.90%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.2%
ROE 11.73%
ROIC 6.28%
ROA(3y)0.6%
ROA(5y)-5.93%
ROE(3y)3.16%
ROE(5y)-157.22%
ROIC(3y)3.9%
ROIC(5y)N/A
SPEA.DE Yearly ROA, ROE, ROICSPEA.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -200 -400 -600

1.3 Margins

  • Looking at the Profit Margin, with a value of 2.10%, SPEA is doing worse than 72.22% of the companies in the same industry.
  • In the last couple of years the Profit Margin of SPEA has grown nicely.
  • SPEA's Operating Margin of 4.47% is on the low side compared to the rest of the industry. SPEA is outperformed by 75.00% of its industry peers.
  • SPEA's Operating Margin has declined in the last couple of years.
  • Looking at the Gross Margin, with a value of 30.52%, SPEA is in the better half of the industry, outperforming 61.11% of the companies in the same industry.
  • SPEA's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 4.47%
PM (TTM) 2.1%
GM 30.52%
OM growth 3YN/A
OM growth 5Y-4.9%
PM growth 3YN/A
PM growth 5Y74.04%
GM growth 3Y11.3%
GM growth 5Y-3.46%
SPEA.DE Yearly Profit, Operating, Gross MarginsSPEA.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SPEA is destroying value.
  • The number of shares outstanding for SPEA has been reduced compared to 1 year ago.
  • The number of shares outstanding for SPEA has been increased compared to 5 years ago.
  • SPEA has a better debt/assets ratio than last year.
SPEA.DE Yearly Shares OutstandingSPEA.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B
SPEA.DE Yearly Total Debt VS Total AssetsSPEA.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B

2.2 Solvency

  • SPEA has an Altman-Z score of 1.71. This is a bad value and indicates that SPEA is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of SPEA (1.71) is better than 72.22% of its industry peers.
  • The Debt to FCF ratio of SPEA is 2.57, which is a good value as it means it would take SPEA, 2.57 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 2.57, SPEA is in the better half of the industry, outperforming 72.22% of the companies in the same industry.
  • SPEA has a Debt/Equity ratio of 0.88. This is a neutral value indicating SPEA is somewhat dependend on debt financing.
  • The Debt to Equity ratio of SPEA (0.88) is worse than 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF 2.57
Altman-Z 1.71
ROIC/WACC0.89
WACC7.09%
SPEA.DE Yearly LT Debt VS Equity VS FCFSPEA.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B

2.3 Liquidity

  • SPEA has a Current Ratio of 1.13. This is a normal value and indicates that SPEA is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.13, SPEA is doing worse than 72.22% of the companies in the same industry.
  • SPEA has a Quick Ratio of 1.09. This is a normal value and indicates that SPEA is financially healthy and should not expect problems in meeting its short term obligations.
  • The Quick ratio of SPEA (1.09) is worse than 69.44% of its industry peers.
Industry RankSector Rank
Current Ratio 1.13
Quick Ratio 1.09
SPEA.DE Yearly Current Assets VS Current LiabilitesSPEA.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • SPEA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.29%, which is quite good.
  • Measured over the past years, SPEA shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -19.00% on average per year.
  • Looking at the last year, SPEA shows a very strong growth in Revenue. The Revenue has grown by 22.44%.
  • The Revenue has been growing by 9.81% on average over the past years. This is quite good.
EPS 1Y (TTM)14.29%
EPS 3YN/A
EPS 5Y-19%
EPS Q2Q%0%
Revenue 1Y (TTM)22.44%
Revenue growth 3Y30.62%
Revenue growth 5Y9.81%
Sales Q2Q%N/A

3.2 Future

  • The Earnings Per Share is expected to grow by 17.58% on average over the next years. This is quite good.
  • SPEA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.93% yearly.
EPS Next Y26.09%
EPS Next 2Y33.91%
EPS Next 3Y27.01%
EPS Next 5Y17.58%
Revenue Next Year6.5%
Revenue Next 2Y5.32%
Revenue Next 3Y2.77%
Revenue Next 5Y0.93%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
SPEA.DE Yearly Revenue VS EstimatesSPEA.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B
SPEA.DE Yearly EPS VS EstimatesSPEA.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 -2 -4

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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 21.79 indicates a rather expensive valuation of SPEA.
  • SPEA's Price/Earnings is on the same level as the industry average.
  • SPEA's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.05.
  • The Price/Forward Earnings ratio is 13.89, which indicates a correct valuation of SPEA.
  • SPEA's Price/Forward Earnings is on the same level as the industry average.
  • SPEA's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.03.
Industry RankSector Rank
PE 21.79
Fwd PE 13.89
SPEA.DE Price Earnings VS Forward Price EarningsSPEA.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • SPEA's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. SPEA is cheaper than 75.00% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of SPEA indicates a rather cheap valuation: SPEA is cheaper than 83.33% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 6.22
EV/EBITDA 4.11
SPEA.DE Per share dataSPEA.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

  • SPEA's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as SPEA's earnings are expected to grow with 27.01% in the coming years.
PEG (NY)0.84
PEG (5Y)N/A
EPS Next 2Y33.91%
EPS Next 3Y27.01%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • SPEA has a Yearly Dividend Yield of 4.86%, which is a nice return.
  • SPEA's Dividend Yield is a higher than the industry average which is at 3.18.
  • SPEA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 4.86%

5.2 History

Dividend Growth(5Y)N/A
Div Incr YearsN/A
Div Non Decr YearsN/A

5.3 Sustainability

DP0%
EPS Next 2Y33.91%
EPS Next 3Y27.01%
SPEA.DE Yearly Income VS Free CF VS DividendSPEA.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -1B -2B

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SAIPEM SPA

FRA:SPEA (2/25/2026, 7:00:00 PM)

3.487

+0.15 (+4.4%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)10-22
Earnings (Next)02-24
Inst Owners32.09%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap6.96B
Revenue(TTM)22.64B
Net Income(TTM)306.00M
Analysts83.64
Price Target3.25 (-6.8%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.86%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-18.25%
Min EPS beat(2)-44.99%
Max EPS beat(2)8.5%
EPS beat(4)2
Avg EPS beat(4)-8.28%
Min EPS beat(4)-44.99%
Max EPS beat(4)15.63%
EPS beat(8)3
Avg EPS beat(8)-15.27%
EPS beat(12)7
Avg EPS beat(12)12.31%
EPS beat(16)9
Avg EPS beat(16)6.52%
Revenue beat(2)0
Avg Revenue beat(2)-0.83%
Min Revenue beat(2)-1.6%
Max Revenue beat(2)-0.06%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)3.36%
PT rev (3m)-0.12%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-6.06%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.27%
Revenue NY rev (3m)-0.28%
Valuation
Industry RankSector Rank
PE 21.79
Fwd PE 13.89
P/S 0.48
P/FCF 6.22
P/OCF 4.81
P/B 2.67
P/tB 3.59
EV/EBITDA 4.11
EPS(TTM)0.16
EY4.59%
EPS(NY)0.25
Fwd EY7.2%
FCF(TTM)0.56
FCFY16.07%
OCF(TTM)0.73
OCFY20.81%
SpS7.29
BVpS1.31
TBVpS0.97
PEG (NY)0.84
PEG (5Y)N/A
Graham Number2.17
Profitability
Industry RankSector Rank
ROA 2.2%
ROE 11.73%
ROCE 10.69%
ROIC 6.28%
ROICexc 10.95%
ROICexgc 13.53%
OM 4.47%
PM (TTM) 2.1%
GM 30.52%
FCFM 7.68%
ROA(3y)0.6%
ROA(5y)-5.93%
ROE(3y)3.16%
ROE(5y)-157.22%
ROIC(3y)3.9%
ROIC(5y)N/A
ROICexc(3y)7.2%
ROICexc(5y)N/A
ROICexgc(3y)9.07%
ROICexgc(5y)N/A
ROCE(3y)6.72%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y18.8%
ROICexc growth 3YN/A
ROICexc growth 5Y16.44%
OM growth 3YN/A
OM growth 5Y-4.9%
PM growth 3YN/A
PM growth 5Y74.04%
GM growth 3Y11.3%
GM growth 5Y-3.46%
F-Score8
Asset Turnover1.05
Health
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF 2.57
Debt/EBITDA 1.57
Cap/Depr 40.39%
Cap/Sales 2.27%
Interest Coverage 3.5
Cash Conversion 98.64%
Profit Quality 365.36%
Current Ratio 1.13
Quick Ratio 1.09
Altman-Z 1.71
F-Score8
WACC7.09%
ROIC/WACC0.89
Cap/Depr(3y)91.1%
Cap/Depr(5y)77%
Cap/Sales(3y)3.87%
Cap/Sales(5y)4.11%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)14.29%
EPS 3YN/A
EPS 5Y-19%
EPS Q2Q%0%
EPS Next Y26.09%
EPS Next 2Y33.91%
EPS Next 3Y27.01%
EPS Next 5Y17.58%
Revenue 1Y (TTM)22.44%
Revenue growth 3Y30.62%
Revenue growth 5Y9.81%
Sales Q2Q%N/A
Revenue Next Year6.5%
Revenue Next 2Y5.32%
Revenue Next 3Y2.77%
Revenue Next 5Y0.93%
EBIT growth 1Y44.35%
EBIT growth 3YN/A
EBIT growth 5Y4.44%
EBIT Next Year163.93%
EBIT Next 3Y44.82%
EBIT Next 5Y22.67%
FCF growth 1Y370.05%
FCF growth 3YN/A
FCF growth 5Y-4.7%
OCF growth 1Y793.83%
OCF growth 3Y127.59%
OCF growth 5Y-3.33%

SAIPEM SPA / SPEA.DE FAQ

What is the ChartMill fundamental rating of SAIPEM SPA (SPEA.DE) stock?

ChartMill assigns a fundamental rating of 4 / 10 to SPEA.DE.


Can you provide the valuation status for SAIPEM SPA?

ChartMill assigns a valuation rating of 5 / 10 to SAIPEM SPA (SPEA.DE). This can be considered as Fairly Valued.


How profitable is SAIPEM SPA (SPEA.DE) stock?

SAIPEM SPA (SPEA.DE) has a profitability rating of 4 / 10.


What is the valuation of SAIPEM SPA based on its PE and PB ratios?

The Price/Earnings (PE) ratio for SAIPEM SPA (SPEA.DE) is 21.79 and the Price/Book (PB) ratio is 2.67.


Can you provide the financial health for SPEA stock?

The financial health rating of SAIPEM SPA (SPEA.DE) is 4 / 10.