SAIPEM SPA (SPM.MI) Stock Fundamental Analysis
Europe - BIT:SPM - IT0005495657 - Common Stock
2.297 EUR
-0.05 (-1.96%)
We assign a fundamental rating of 5 out of 10 to SPM. SPM was compared to 35 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.
The reported net income has been mixed in the past 5 years: SPM reported negative net income in multiple years.
SPM had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
SPM has a Return On Assets (2.20%) which is in line with its industry peers.
SPM has a Return On Equity (11.73%) which is comparable to the rest of the industry.
SPM has a Return On Invested Capital of 6.28%. This is comparable to the rest of the industry: SPM outperforms 45.71% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SPM is significantly below the industry average of 10.46%.
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
Looking at the Profit Margin, with a value of 2.10%, SPM is doing worse than 62.86% of the companies in the same industry.
SPM's Profit Margin has improved in the last couple of years.
SPM has a worse Operating Margin (4.47%) than 80.00% of its industry peers.
SPM's Operating Margin has declined in the last couple of years.
SPM has a better Gross Margin (30.52%) than 68.57% of its industry peers.
In the last couple of years the Gross Margin of SPM 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SPM is destroying value.
The number of shares outstanding for SPM has been reduced compared to 1 year ago.
Compared to 5 years ago, SPM has more shares outstanding
Compared to 1 year ago, SPM has an improved debt to assets ratio.
2.2 Solvency
SPM has an Altman-Z score of 1.60. 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 1.60, SPM is in the better half of the industry, outperforming 62.86% of the companies in the same industry.
SPM has a debt to FCF ratio of 2.57. This is a good value and a sign of high solvency as SPM would need 2.57 years to pay back of all of its debts.
SPM's Debt to FCF ratio of 2.57 is fine compared to the rest of the industry. SPM outperforms 80.00% 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.
SPM's Debt to Equity ratio of 0.88 is on the low side compared to the rest of the industry. SPM is outperformed by 65.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | 2.57 | ||
| Altman-Z | 1.6 |
ROIC/WACC0.92
WACC6.82%
2.3 Liquidity
SPM has a Current Ratio of 1.13. This is a normal value and indicates that SPM is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of SPM (1.13) is worse than 65.71% of its industry peers.
SPM has a Quick Ratio of 1.09. This is a normal value and indicates that SPM is financially healthy and should not expect problems in meeting its short term obligations.
SPM has a Quick ratio of 1.09. This is in the lower half of the industry: SPM underperforms 62.86% 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 34.45%, which is quite impressive.
SPM shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -19.00% yearly.
Looking at the last year, SPM shows a very strong growth in Revenue. The Revenue has grown by 22.44%.
SPM shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.81% yearly.
EPS 1Y (TTM)34.45%
EPS 3YN/A
EPS 5Y-19%
EPS Q2Q%0%
Revenue 1Y (TTM)22.44%
Revenue growth 3Y30.62%
Revenue growth 5Y9.81%
Sales Q2Q%9.55%
3.2 Future
SPM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 20.28% yearly.
The Revenue is expected to grow by 0.83% on average over the next years.
EPS Next Y49.34%
EPS Next 2Y44.13%
EPS Next 3Y33.05%
EPS Next 5Y20.28%
Revenue Next Year7.53%
Revenue Next 2Y5.13%
Revenue Next 3Y2.92%
Revenue Next 5Y0.83%
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.
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
Based on the Price/Earnings ratio of 14.36, the valuation of SPM can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of SPM is on the same level as its industry peers.
When comparing the Price/Earnings ratio of SPM to the average of the S&P500 Index (27.40), we can say SPM is valued slightly cheaper.
SPM is valuated cheaply with a Price/Forward Earnings ratio of 7.90.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SPM is on the same level as its industry peers.
SPM's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.36 | ||
| Fwd PE | 7.9 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SPM indicates a rather cheap valuation: SPM is cheaper than 85.71% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, SPM is valued a bit cheaper than the industry average as 80.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.1 | ||
| EV/EBITDA | 2.69 |
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.
A more expensive valuation may be justified as SPM's earnings are expected to grow with 33.05% in the coming years.
PEG (NY)0.29
PEG (5Y)N/A
EPS Next 2Y44.13%
EPS Next 3Y33.05%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.26%, SPM is a good candidate for dividend investing.
SPM's Dividend Yield is a higher than the industry average which is at 7.39.
SPM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.26% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DP0%
EPS Next 2Y44.13%
EPS Next 3Y33.05%
BIT:SPM (10/17/2025, 7:00:00 PM)
2.297
-0.05 (-1.96%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners23.46%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap4.58B
Analysts81.82
Price Target3.17 (38.01%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.26% |
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)-0.23%
PT rev (3m)-0.3%
EPS NQ rev (1m)5.06%
EPS NQ rev (3m)11.47%
EPS NY rev (1m)-1.4%
EPS NY rev (3m)-5.07%
Revenue NQ rev (1m)-0.38%
Revenue NQ rev (3m)1.64%
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)0.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.36 | ||
| Fwd PE | 7.9 | ||
| P/S | 0.32 | ||
| P/FCF | 4.1 | ||
| P/OCF | 3.17 | ||
| P/B | 1.76 | ||
| P/tB | 2.36 | ||
| EV/EBITDA | 2.69 |
EPS(TTM)0.16
EY6.97%
EPS(NY)0.29
Fwd EY12.66%
FCF(TTM)0.56
FCFY24.39%
OCF(TTM)0.73
OCFY31.59%
SpS7.29
BVpS1.31
TBVpS0.97
PEG (NY)0.29
PEG (5Y)N/A
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
ROICexcg growth 3YN/A
ROICexcg 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 | 1.6 |
F-Score8
WACC6.82%
ROIC/WACC0.92
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)34.45%
EPS 3YN/A
EPS 5Y-19%
EPS Q2Q%0%
EPS Next Y49.34%
EPS Next 2Y44.13%
EPS Next 3Y33.05%
EPS Next 5Y20.28%
Revenue 1Y (TTM)22.44%
Revenue growth 3Y30.62%
Revenue growth 5Y9.81%
Sales Q2Q%9.55%
Revenue Next Year7.53%
Revenue Next 2Y5.13%
Revenue Next 3Y2.92%
Revenue Next 5Y0.83%
EBIT growth 1Y44.35%
EBIT growth 3YN/A
EBIT growth 5Y4.44%
EBIT Next Year160.18%
EBIT Next 3Y44.43%
EBIT Next 5Y22.48%
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%