SAIPEM SPA (SPEA.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:SPEA - IT0005495657 - Common Stock
3.032 EUR
-0.01 (-0.2%)
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 correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- In the past year SPEA was profitable.
- In the past year SPEA had a positive cash flow from operations.
- 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
- SPEA has a Return On Assets of 2.20%. This is in the lower half of the industry: SPEA underperforms 69.44% of its industry peers.
- The Return On Equity of SPEA (11.73%) is comparable to the rest of the industry.
- SPEA has a Return On Invested Capital of 6.28%. This is in the lower half of the industry: SPEA underperforms 61.11% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for SPEA is significantly below the industry average of 10.31%.
- 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 has a worse Profit Margin (2.10%) than 75.00% of its industry peers.
- SPEA's Profit Margin has improved in the last couple of years.
- The Operating Margin of SPEA (4.47%) is worse than 77.78% of its industry peers.
- SPEA's Operating Margin has declined in the last couple of years.
- With a Gross Margin value of 30.52%, SPEA perfoms like the industry average, outperforming 58.33% of the companies in the same industry.
- In the last couple of years the Gross Margin of SPEA has declined.
| 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
- SPEA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- SPEA has less shares outstanding than it did 1 year ago.
- SPEA has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, SPEA has an improved debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 1.68, we must say that SPEA is in the distress zone and has some risk of bankruptcy.
- The Altman-Z score of SPEA (1.68) is better than 75.00% 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.
- The Debt to FCF ratio of SPEA (2.57) is better than 69.44% of its industry peers.
- A Debt/Equity ratio of 0.88 indicates that SPEA is somewhat dependend on debt financing.
- SPEA has a worse Debt to Equity ratio (0.88) than 69.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | 2.57 | ||
| Altman-Z | 1.68 |
ROIC/WACC0.88
WACC7.11%
2.3 Liquidity
- A Current Ratio of 1.13 indicates that SPEA should not have too much problems paying its short term obligations.
- SPEA has a worse Current ratio (1.13) than 75.00% of its industry peers.
- A Quick Ratio of 1.09 indicates that SPEA should not have too much problems paying its short term obligations.
- SPEA has a Quick ratio of 1.09. This is in the lower half of the industry: SPEA underperforms 72.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.13 | ||
| Quick Ratio | 1.09 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an nice 14.29% over the past year.
- 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
- Based on estimates for the next years, SPEA will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.14% on average per year.
- SPEA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.48% yearly.
EPS Next Y26.09%
EPS Next 2Y33.91%
EPS Next 3Y27.01%
EPS Next 5Y17.14%
Revenue Next Year6.22%
Revenue Next 2Y4.72%
Revenue Next 3Y2.76%
Revenue Next 5Y0.48%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 18.95, SPEA is valued on the expensive side.
- Compared to the rest of the industry, the Price/Earnings ratio of SPEA indicates a slightly more expensive valuation: SPEA is more expensive than 61.11% of the companies listed in the same industry.
- The average S&P500 Price/Earnings ratio is at 28.60. SPEA is valued slightly cheaper when compared to this.
- Based on the Price/Forward Earnings ratio of 12.08, the valuation of SPEA can be described as correct.
- 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 25.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.95 | ||
| Fwd PE | 12.08 |
4.2 Price Multiples
- 75.00% of the companies in the same industry are more expensive than SPEA, based on the Enterprise Value to EBITDA ratio.
- 80.56% of the companies in the same industry are more expensive than SPEA, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.41 | ||
| EV/EBITDA | 3.7 |
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.
- SPEA's earnings are expected to grow with 27.01% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.73
PEG (5Y)N/A
EPS Next 2Y33.91%
EPS Next 3Y27.01%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 6.00%, SPEA is a good candidate for dividend investing.
- SPEA's Dividend Yield is a higher than the industry average which is at 3.63.
- SPEA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6% |
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%
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 6 / 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 3 / 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 18.95 and the Price/Book (PB) ratio is 2.32.
Can you provide the financial health for SPEA stock?
The financial health rating of SAIPEM SPA (SPEA.DE) is 4 / 10.