SAIPEM SPA (SPEA.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:SPEA - IT0005495657 - Common Stock
2.46 EUR
+0.06 (+2.29%)
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. SPEA scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. SPEA has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year SPEA was profitable.
SPEA had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: SPEA reported negative net income in multiple years.
Of the past 5 years SPEA 4 years had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 2.20%, SPEA is not doing good in the industry: 62.16% of the companies in the same industry are doing better.
With a Return On Equity value of 11.73%, SPEA perfoms like the industry average, outperforming 56.76% of the companies in the same industry.
SPEA has a worse Return On Invested Capital (6.28%) than 62.16% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SPEA is significantly below the industry average of 10.82%.
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 Rank | Sector 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
1.3 Margins
SPEA's Profit Margin of 2.10% is on the low side compared to the rest of the industry. SPEA is outperformed by 72.97% of its industry peers.
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 78.38% of its industry peers.
SPEA's Operating Margin has declined in the last couple of years.
SPEA has a better Gross Margin (30.52%) than 62.16% of its industry peers.
SPEA's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SPEA is destroying value.
Compared to 1 year ago, SPEA has less shares outstanding
Compared to 5 years ago, SPEA has more shares outstanding
Compared to 1 year ago, SPEA has an improved debt to assets ratio.
2.2 Solvency
SPEA has an Altman-Z score of 1.61. This is a bad value and indicates that SPEA is not financially healthy and even has some risk of bankruptcy.
SPEA has a Altman-Z score of 1.61. This is in the better half of the industry: SPEA outperforms 70.27% of its industry peers.
SPEA has a debt to FCF ratio of 2.57. This is a good value and a sign of high solvency as SPEA would need 2.57 years to pay back of all of its debts.
SPEA has a Debt to FCF ratio of 2.57. This is in the better half of the industry: SPEA outperforms 70.27% of its industry peers.
A Debt/Equity ratio of 0.88 indicates that SPEA is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.88, SPEA is not doing good in the industry: 70.27% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | 2.57 | ||
| Altman-Z | 1.61 |
ROIC/WACC0.88
WACC7.14%
2.3 Liquidity
A Current Ratio of 1.13 indicates that SPEA should not have too much problems paying its short term obligations.
SPEA's Current ratio of 1.13 is on the low side compared to the rest of the industry. SPEA is outperformed by 67.57% of its industry peers.
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.
SPEA's Quick ratio of 1.09 is on the low side compared to the rest of the industry. SPEA is outperformed by 64.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.13 | ||
| Quick Ratio | 1.09 |
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.
The earnings per share for SPEA have been decreasing by -19.00% on average. This is quite bad
Looking at the last year, SPEA shows a very strong growth in Revenue. The Revenue has grown by 22.44%.
Measured over the past years, SPEA shows a quite strong growth in Revenue. The Revenue has been growing by 9.81% on average per year.
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
SPEA is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.47% yearly.
Based on estimates for the next years, SPEA will show a small growth in Revenue. The Revenue will grow by 0.77% on average per year.
EPS Next Y19.94%
EPS Next 2Y31.1%
EPS Next 3Y26.47%
EPS Next 5Y17.47%
Revenue Next Year6.22%
Revenue Next 2Y4.72%
Revenue Next 3Y2.76%
Revenue Next 5Y0.77%
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 15.38, SPEA is valued correctly.
SPEA's Price/Earnings ratio is a bit more expensive when compared to the industry. SPEA is more expensive than 62.16% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.92. SPEA is valued slightly cheaper when compared to this.
SPEA is valuated reasonably with a Price/Forward Earnings ratio of 10.22.
SPEA's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of SPEA to the average of the S&P500 Index (23.46), we can say SPEA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.38 | ||
| Fwd PE | 10.22 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SPEA is valued cheaply inside the industry as 81.08% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, SPEA is valued a bit cheaper than the industry average as 78.38% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.39 | ||
| EV/EBITDA | 2.91 |
4.3 Compensation for Growth
The 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 26.47% in the coming years.
PEG (NY)0.77
PEG (5Y)N/A
EPS Next 2Y31.1%
EPS Next 3Y26.47%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.00%, SPEA is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.96, SPEA pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.00, SPEA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr YearsN/A
Div Non Decr YearsN/A
5.3 Sustainability
DP0%
EPS Next 2Y31.1%
EPS Next 3Y26.47%
FRA:SPEA (12/23/2025, 7:00:00 PM)
2.46
+0.06 (+2.29%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners31.44%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap4.91B
Revenue(TTM)22.64B
Net Income(TTM)306.00M
Analysts81.82
Price Target3.17 (28.86%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7% |
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)-2.61%
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-10.65%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.55%
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.38 | ||
| Fwd PE | 10.22 | ||
| P/S | 0.34 | ||
| P/FCF | 4.39 | ||
| P/OCF | 3.39 | ||
| P/B | 1.88 | ||
| P/tB | 2.53 | ||
| EV/EBITDA | 2.91 |
EPS(TTM)0.16
EY6.5%
EPS(NY)0.24
Fwd EY9.78%
FCF(TTM)0.56
FCFY22.77%
OCF(TTM)0.73
OCFY29.5%
SpS7.29
BVpS1.31
TBVpS0.97
PEG (NY)0.77
PEG (5Y)N/A
Graham Number2.17
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 1.61 |
F-Score8
WACC7.14%
ROIC/WACC0.88
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 Y19.94%
EPS Next 2Y31.1%
EPS Next 3Y26.47%
EPS Next 5Y17.47%
Revenue 1Y (TTM)22.44%
Revenue growth 3Y30.62%
Revenue growth 5Y9.81%
Sales Q2Q%N/A
Revenue Next Year6.22%
Revenue Next 2Y4.72%
Revenue Next 3Y2.76%
Revenue Next 5Y0.77%
EBIT growth 1Y44.35%
EBIT growth 3YN/A
EBIT growth 5Y4.44%
EBIT Next Year163.93%
EBIT Next 3Y44.82%
EBIT Next 5Y22.66%
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.
What is the valuation status for SPEA stock?
ChartMill assigns a valuation rating of 6 / 10 to SAIPEM SPA (SPEA.DE). This can be considered as Fairly Valued.
Can you provide the profitability details for SAIPEM SPA?
SAIPEM SPA (SPEA.DE) has a profitability rating of 3 / 10.
What is the earnings growth outlook for SAIPEM SPA?
The Earnings per Share (EPS) of SAIPEM SPA (SPEA.DE) is expected to grow by 19.94% in the next year.
Is the dividend of SAIPEM SPA sustainable?
The dividend rating of SAIPEM SPA (SPEA.DE) is 5 / 10 and the dividend payout ratio is 0%.