SAIPEM SPA (SPM.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:SPM - IT0005495657 - Common Stock
2.428 EUR
-0.05 (-2.1%)
Overall SPM gets a fundamental rating of 5 out of 10. We evaluated SPM against 37 industry peers in the Energy Equipment & Services industry. SPM has an average financial health and profitability rating. SPM scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
In the past year SPM was profitable.
In the past year SPM had a positive cash flow from operations.
In multiple years SPM reported negative net income over the last 5 years.
SPM had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
The Return On Assets of SPM (2.20%) is comparable to the rest of the industry.
With a Return On Equity value of 11.73%, SPM perfoms like the industry average, outperforming 59.46% of the companies in the same industry.
With a Return On Invested Capital value of 6.28%, SPM perfoms like the industry average, outperforming 40.54% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for SPM is significantly below the industry average of 10.86%.
The last Return On Invested Capital (6.28%) for SPM 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
SPM's Profit Margin of 2.10% is on the low side compared to the rest of the industry. SPM is outperformed by 70.27% of its industry peers.
In the last couple of years the Profit Margin of SPM has grown nicely.
SPM has a Operating Margin of 4.47%. This is in the lower half of the industry: SPM underperforms 75.68% of its industry peers.
In the last couple of years the Operating Margin of SPM has declined.
SPM has a better Gross Margin (30.52%) than 64.86% of its industry peers.
SPM'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 SPM is destroying value.
SPM has less shares outstanding than it did 1 year ago.
SPM has more shares outstanding than it did 5 years ago.
The debt/assets ratio for SPM has been reduced compared to a year ago.
2.2 Solvency
SPM has an Altman-Z score of 1.61. This is a bad value and indicates that SPM is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.61, SPM is in the better half of the industry, outperforming 67.57% of the companies in the same industry.
The Debt to FCF ratio of SPM is 2.57, which is a good value as it means it would take SPM, 2.57 years of fcf income to pay off all of its debts.
SPM's Debt to FCF ratio of 2.57 is fine compared to the rest of the industry. SPM outperforms 72.97% of its industry peers.
SPM has a Debt/Equity ratio of 0.88. This is a neutral value indicating SPM is somewhat dependend on debt financing.
The Debt to Equity ratio of SPM (0.88) is worse than 67.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | 2.57 | ||
| Altman-Z | 1.61 |
ROIC/WACC0.86
WACC7.28%
2.3 Liquidity
A Current Ratio of 1.13 indicates that SPM should not have too much problems paying its short term obligations.
SPM's Current ratio of 1.13 is on the low side compared to the rest of the industry. SPM is outperformed by 64.86% of its industry peers.
A Quick Ratio of 1.09 indicates that SPM should not have too much problems paying its short term obligations.
SPM has a worse Quick ratio (1.09) than 62.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.13 | ||
| Quick Ratio | 1.09 |
3. Growth
3.1 Past
SPM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.29%, which is quite good.
SPM shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -19.00% yearly.
SPM shows a strong growth in Revenue. In the last year, the Revenue has grown by 22.44%.
Measured over the past years, SPM 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%1.59%
3.2 Future
SPM is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.47% yearly.
The Revenue is expected to grow by 0.77% on average over the next years.
EPS Next Y26.53%
EPS Next 2Y36.58%
EPS Next 3Y28.82%
EPS Next 5Y17.47%
Revenue Next Year6.55%
Revenue Next 2Y5.07%
Revenue Next 3Y2.84%
Revenue Next 5Y0.77%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
The Price/Earnings ratio is 15.17, which indicates a correct valuation of SPM.
SPM's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 26.59. SPM is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 9.30 indicates a reasonable valuation of SPM.
SPM's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 24.03. SPM is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.18 | ||
| Fwd PE | 9.3 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SPM is valued cheaply inside the industry as 83.78% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, SPM is valued cheaply inside the industry as 81.08% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.33 | ||
| EV/EBITDA | 2.87 |
4.3 Compensation for Growth
SPM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
SPM's earnings are expected to grow with 28.82% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.57
PEG (5Y)N/A
EPS Next 2Y36.58%
EPS Next 3Y28.82%
5. Dividend
5.1 Amount
SPM has a Yearly Dividend Yield of 7.29%, which is a nice return.
SPM's Dividend Yield is a higher than the industry average which is at 4.55.
Compared to an average S&P500 Dividend Yield of 1.87, SPM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.29% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DP0%
EPS Next 2Y36.58%
EPS Next 3Y28.82%
BIT:SPM (12/23/2025, 7:00:00 PM)
2.428
-0.05 (-2.1%)
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 Cap4.85B
Revenue(TTM)22.64B
Net Income(TTM)306.00M
Analysts81.82
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.29% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
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)-0.84%
Min Revenue beat(2)-1.6%
Max Revenue beat(2)-0.09%
Revenue beat(4)2
Avg Revenue beat(4)3.39%
Min Revenue beat(4)-1.6%
Max Revenue beat(4)7.84%
Revenue beat(8)5
Avg Revenue beat(8)4.41%
Revenue beat(12)9
Avg Revenue beat(12)6.73%
Revenue beat(16)12
Avg Revenue beat(16)11.26%
PT rev (1m)0.76%
PT rev (3m)-0.34%
EPS NQ rev (1m)-1.38%
EPS NQ rev (3m)3.61%
EPS NY rev (1m)-5.73%
EPS NY rev (3m)-16.46%
Revenue NQ rev (1m)0.15%
Revenue NQ rev (3m)-0.23%
Revenue NY rev (1m)-0.24%
Revenue NY rev (3m)-0.99%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.18 | ||
| Fwd PE | 9.3 | ||
| P/S | 0.33 | ||
| P/FCF | 4.33 | ||
| P/OCF | 3.35 | ||
| P/B | 1.86 | ||
| P/tB | 2.5 | ||
| EV/EBITDA | 2.87 |
EPS(TTM)0.16
EY6.59%
EPS(NY)0.26
Fwd EY10.76%
FCF(TTM)0.56
FCFY23.07%
OCF(TTM)0.73
OCFY29.88%
SpS7.29
BVpS1.31
TBVpS0.97
PEG (NY)0.57
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
WACC7.28%
ROIC/WACC0.86
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 Y26.53%
EPS Next 2Y36.58%
EPS Next 3Y28.82%
EPS Next 5Y17.47%
Revenue 1Y (TTM)22.44%
Revenue growth 3Y30.62%
Revenue growth 5Y9.81%
Sales Q2Q%1.59%
Revenue Next Year6.55%
Revenue Next 2Y5.07%
Revenue Next 3Y2.84%
Revenue Next 5Y0.77%
EBIT growth 1Y44.35%
EBIT growth 3YN/A
EBIT growth 5Y4.44%
EBIT Next Year164.55%
EBIT Next 3Y45.34%
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 / SPM.MI FAQ
What is the fundamental rating for SPM stock?
ChartMill assigns a fundamental rating of 5 / 10 to SPM.MI.
What is the valuation status of SAIPEM SPA (SPM.MI) stock?
ChartMill assigns a valuation rating of 7 / 10 to SAIPEM SPA (SPM.MI). This can be considered as Undervalued.
How profitable is SAIPEM SPA (SPM.MI) stock?
SAIPEM SPA (SPM.MI) has a profitability rating of 4 / 10.
What is the financial health of SAIPEM SPA (SPM.MI) stock?
The financial health rating of SAIPEM SPA (SPM.MI) is 4 / 10.
Is the dividend of SAIPEM SPA sustainable?
The dividend rating of SAIPEM SPA (SPM.MI) is 5 / 10 and the dividend payout ratio is 0%.