SAIPEM SPA (SPM.MI) Stock Fundamental Analysis
BIT:SPM - Euronext Milan - IT0005495657 - Common Stock - Currency: EUR
Taking everything into account, SPM scores 5 out of 10 in our fundamental rating. SPM was compared to 36 industry peers in the Energy Equipment & Services industry. The financial health of SPM is average, but there are quite some concerns on its profitability. SPM is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
SPM had positive earnings in the past year.
SPM had a positive operating cash flow in the past year.
In multiple years SPM reported negative net income over the last 5 years.
Of the past 5 years SPM 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of SPM (2.11%) is worse than 75.00% of its industry peers.
With a Return On Equity value of 12.12%, SPM perfoms like the industry average, outperforming 55.56% of the companies in the same industry.
SPM's Return On Invested Capital of 6.37% is on the low side compared to the rest of the industry. SPM is outperformed by 61.11% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SPM is significantly below the industry average of 10.45%.
The 3 year average ROIC (3.90%) for SPM is below the current ROIC(6.37%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.11% | ||
| ROE | 12.12% | ||
| ROIC | 6.37% |
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
With a Profit Margin value of 2.10%, SPM is not doing good in the industry: 77.78% of the companies in the same industry are doing better.
SPM's Profit Margin has improved in the last couple of years.
The Operating Margin of SPM (4.47%) is worse than 80.56% 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 69.44% 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.
Compared to 1 year ago, SPM has less shares outstanding
Compared to 5 years ago, SPM has more shares outstanding
SPM has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.53, we must say that SPM is in the distress zone and has some risk of bankruptcy.
SPM has a better Altman-Z score (1.53) than 63.89% of its industry peers.
The Debt to FCF ratio of SPM is 4.17, which is a neutral value as it means it would take SPM, 4.17 years of fcf income to pay off all of its debts.
SPM has a Debt to FCF ratio (4.17) which is in line with its industry peers.
SPM has a Debt/Equity ratio of 0.90. This is a neutral value indicating SPM is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.90, SPM is in line with its industry, outperforming 41.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.9 | ||
| Debt/FCF | 4.17 | ||
| Altman-Z | 1.53 |
ROIC/WACC0.89
WACC7.12%
2.3 Liquidity
A Current Ratio of 1.13 indicates that SPM should not have too much problems paying its short term obligations.
SPM has a Current ratio of 1.13. This is in the lower half of the industry: SPM underperforms 63.89% of its industry peers.
A Quick Ratio of 1.09 indicates that SPM should not have too much problems paying its short term obligations.
The Quick ratio of SPM (1.09) is comparable to the rest of the industry.
| 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 impressive 46.79% over the past year.
The earnings per share for SPM have been decreasing by -19.00% on average. This is quite bad
SPM shows a strong growth in Revenue. In the last year, 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)46.79%
EPS 3YN/A
EPS 5Y-19%
EPS Q2Q%100%
Revenue 1Y (TTM)22.44%
Revenue growth 3Y30.62%
Revenue growth 5Y9.81%
Sales Q2Q%15.46%
3.2 Future
The Earnings Per Share is expected to grow by 23.33% on average over the next years. This is a very strong growth
The Revenue is expected to decrease by -0.16% on average over the next years.
EPS Next Y57.31%
EPS Next 2Y47.59%
EPS Next 3Y36.61%
EPS Next 5Y23.33%
Revenue Next Year6.96%
Revenue Next 2Y5.06%
Revenue Next 3Y3.01%
Revenue Next 5Y-0.16%
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
A Price/Earnings ratio of 14.81 indicates a correct valuation of SPM.
SPM's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of SPM to the average of the S&P500 Index (27.51), we can say SPM is valued slightly cheaper.
With a Price/Forward Earnings ratio of 7.77, the valuation of SPM can be described as very cheap.
The rest of the industry has a similar Price/Forward Earnings ratio as SPM.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.58, SPM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.81 | ||
| Fwd PE | 7.77 |
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 83.33% of the companies listed in the same industry.
61.11% of the companies in the same industry are more expensive than SPM, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.53 | ||
| EV/EBITDA | 3.11 |
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 36.61% in the coming years.
PEG (NY)0.26
PEG (5Y)N/A
EPS Next 2Y47.59%
EPS Next 3Y36.61%
5. Dividend
5.1 Amount
SPM has a Yearly Dividend Yield of 7.16%, which is a nice return.
Compared to an average industry Dividend Yield of 6.51, SPM pays a better dividend. On top of this SPM pays more dividend than 80.56% of the companies listed in the same industry.
SPM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.16% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DP0%
EPS Next 2Y47.59%
EPS Next 3Y36.61%
BIT:SPM (7/15/2025, 5:35:30 PM)
2.37
0 (-0.21%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners22.2%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap4.73B
Analysts82.61
Price Target3.15 (32.91%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.16% |
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)1.68%
Min EPS beat(2)-12.27%
Max EPS beat(2)15.63%
EPS beat(4)1
Avg EPS beat(4)-13.07%
Min EPS beat(4)-43.42%
Max EPS beat(4)15.63%
EPS beat(8)4
Avg EPS beat(8)2.42%
EPS beat(12)8
Avg EPS beat(12)22.94%
EPS beat(16)8
Avg EPS beat(16)-22.03%
Revenue beat(2)2
Avg Revenue beat(2)7.62%
Min Revenue beat(2)7.39%
Max Revenue beat(2)7.84%
Revenue beat(4)3
Avg Revenue beat(4)5.05%
Min Revenue beat(4)-0.23%
Max Revenue beat(4)7.84%
Revenue beat(8)7
Avg Revenue beat(8)5.87%
Revenue beat(12)11
Avg Revenue beat(12)7.57%
Revenue beat(16)13
Avg Revenue beat(16)15.95%
PT rev (1m)0%
PT rev (3m)-2.94%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-21.51%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.57%
Revenue NQ rev (1m)2.06%
Revenue NQ rev (3m)2.47%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.81 | ||
| Fwd PE | 7.77 | ||
| P/S | 0.33 | ||
| P/FCF | 6.53 | ||
| P/OCF | 4.46 | ||
| P/B | 1.87 | ||
| P/tB | 2.55 | ||
| EV/EBITDA | 3.11 |
EPS(TTM)0.16
EY6.75%
EPS(NY)0.3
Fwd EY12.87%
FCF(TTM)0.36
FCFY15.31%
OCF(TTM)0.53
OCFY22.43%
SpS7.29
BVpS1.26
TBVpS0.93
PEG (NY)0.26
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.11% | ||
| ROE | 12.12% | ||
| ROCE | 10.93% | ||
| ROIC | 6.37% | ||
| ROICexc | 12.16% | ||
| ROICexgc | 15.43% | ||
| OM | 4.47% | ||
| PM (TTM) | 2.1% | ||
| GM | 30.52% | ||
| FCFM | 4.98% |
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
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.9 | ||
| Debt/FCF | 4.17 | ||
| Debt/EBITDA | 1.72 | ||
| Cap/Depr | 49.93% | ||
| Cap/Sales | 2.32% | ||
| Interest Coverage | 3.62 | ||
| Cash Conversion | 80.02% | ||
| Profit Quality | 236.6% | ||
| Current Ratio | 1.13 | ||
| Quick Ratio | 1.09 | ||
| Altman-Z | 1.53 |
F-Score8
WACC7.12%
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)46.79%
EPS 3YN/A
EPS 5Y-19%
EPS Q2Q%100%
EPS Next Y57.31%
EPS Next 2Y47.59%
EPS Next 3Y36.61%
EPS Next 5Y23.33%
Revenue 1Y (TTM)22.44%
Revenue growth 3Y30.62%
Revenue growth 5Y9.81%
Sales Q2Q%15.46%
Revenue Next Year6.96%
Revenue Next 2Y5.06%
Revenue Next 3Y3.01%
Revenue Next 5Y-0.16%
EBIT growth 1Y44.35%
EBIT growth 3YN/A
EBIT growth 5Y4.44%
EBIT Next Year154.4%
EBIT Next 3Y44.35%
EBIT Next 5Y31.78%
FCF growth 1Y596.15%
FCF growth 3YN/A
FCF growth 5Y-4.7%
OCF growth 1Y81.06%
OCF growth 3Y127.59%
OCF growth 5Y-3.33%