SAIPEM SPA (SPM.MI) Stock Fundamental Analysis
BIT:SPM - IT0005495657 - Common Stock
2.274 EUR
-0.08 (-3.23%)
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 scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. SPM is valued quite cheap, while showing a decent growth score. This is a good 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.
Of the past 5 years SPM 4 years had a positive operating cash flow.
1.2 Ratios
SPM has a worse Return On Assets (2.20%) than 67.57% of its industry peers.
With a Return On Equity value of 11.73%, SPM perfoms like the industry average, outperforming 51.35% of the companies in the same industry.
SPM has a worse Return On Invested Capital (6.28%) than 62.16% of its industry peers.
SPM had an Average Return On Invested Capital over the past 3 years of 3.90%. This is significantly below the industry average of 11.49%.
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
With a Profit Margin value of 2.10%, SPM is not doing good in the industry: 72.97% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of SPM has grown nicely.
With a Operating Margin value of 4.47%, SPM is not doing good in the industry: 81.08% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of SPM has declined.
The Gross Margin of SPM (30.52%) is better than 72.97% 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.
The number of shares outstanding for SPM has been reduced compared to 1 year ago.
The number of shares outstanding for SPM has been increased compared to 5 years ago.
The debt/assets ratio for SPM has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.60, we must say that SPM is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.60, SPM is in line with its industry, outperforming 59.46% 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 78.38% of its industry peers.
A Debt/Equity ratio of 0.88 indicates that 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 62.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | 2.57 | ||
| Altman-Z | 1.6 |
ROIC/WACC0.88
WACC7.11%
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.
Looking at the Current ratio, with a value of 1.13, SPM is doing worse than 62.16% of the companies in the same industry.
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.
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
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.
Measured over the past years, SPM shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -19.00% on average per year.
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)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
Based on estimates for the next years, SPM will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.62% on average per year.
The Revenue is expected to grow by 0.85% on average over the next years.
EPS Next Y51.46%
EPS Next 2Y45.16%
EPS Next 3Y33.48%
EPS Next 5Y16.62%
Revenue Next Year7.45%
Revenue Next 2Y5.23%
Revenue Next 3Y2.83%
Revenue Next 5Y0.85%
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
Based on the Price/Earnings ratio of 14.21, the valuation of SPM can be described as correct.
The rest of the industry has a similar Price/Earnings ratio as SPM.
SPM's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.06.
A Price/Forward Earnings ratio of 7.71 indicates a rather cheap valuation of SPM.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SPM is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of SPM to the average of the S&P500 Index (22.69), we can say SPM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.21 | ||
| Fwd PE | 7.71 |
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 86.49% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SPM indicates a rather cheap valuation: SPM is cheaper than 86.49% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.06 | ||
| EV/EBITDA | 2.76 |
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 SPM's earnings are expected to grow with 33.48% in the coming years.
PEG (NY)0.28
PEG (5Y)N/A
EPS Next 2Y45.16%
EPS Next 3Y33.48%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.10%, SPM is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.78, SPM pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.32, SPM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.1% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DP0%
EPS Next 2Y45.16%
EPS Next 3Y33.48%
BIT:SPM (9/5/2025, 7:00:00 PM)
2.274
-0.08 (-3.23%)
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 Cap4.54B
Analysts82.86
Price Target3.18 (39.84%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.1% |
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)-0.07%
PT rev (3m)0.23%
EPS NQ rev (1m)1.22%
EPS NQ rev (3m)-5.21%
EPS NY rev (1m)-3.72%
EPS NY rev (3m)-3.72%
Revenue NQ rev (1m)-0.58%
Revenue NQ rev (3m)0.74%
Revenue NY rev (1m)0.08%
Revenue NY rev (3m)0.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.21 | ||
| Fwd PE | 7.71 | ||
| P/S | 0.31 | ||
| P/FCF | 4.06 | ||
| P/OCF | 3.13 | ||
| P/B | 1.74 | ||
| P/tB | 2.34 | ||
| EV/EBITDA | 2.76 |
EPS(TTM)0.16
EY7.04%
EPS(NY)0.29
Fwd EY12.97%
FCF(TTM)0.56
FCFY24.64%
OCF(TTM)0.73
OCFY31.91%
SpS7.29
BVpS1.31
TBVpS0.97
PEG (NY)0.28
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
WACC7.11%
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)34.45%
EPS 3YN/A
EPS 5Y-19%
EPS Q2Q%0%
EPS Next Y51.46%
EPS Next 2Y45.16%
EPS Next 3Y33.48%
EPS Next 5Y16.62%
Revenue 1Y (TTM)22.44%
Revenue growth 3Y30.62%
Revenue growth 5Y9.81%
Sales Q2Q%9.55%
Revenue Next Year7.45%
Revenue Next 2Y5.23%
Revenue Next 3Y2.83%
Revenue Next 5Y0.85%
EBIT growth 1Y44.35%
EBIT growth 3YN/A
EBIT growth 5Y4.44%
EBIT Next Year154.4%
EBIT Next 3Y44.35%
EBIT Next 5Y22.56%
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%