SAIPEM SPA (SPM.MI) Stock Fundamental Analysis
Europe - BIT:SPM - IT0005495657 - Common Stock
2.301 EUR
+0 (+0.17%)
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. Both the profitability and the financial health of SPM get a neutral evaluation. Nothing too spectacular is happening here. 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.
SPM had a positive operating cash flow in the past year.
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.
SPM's Return On Equity of 11.73% is in line compared to the rest of the industry. SPM outperforms 60.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.28%, SPM is in line with its industry, outperforming 45.71% 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 10.38%.
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.
Looking at the Operating Margin, with a value of 4.47%, SPM is doing worse than 80.00% of the companies in the same industry.
In the last couple of years the Operating Margin of SPM has declined.
SPM has a Gross Margin of 30.52%. This is in the better half of the industry: SPM outperforms 68.57% 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
SPM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
SPM has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, SPM has more shares outstanding
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.
SPM has a better Altman-Z score (1.60) than 62.86% of its industry peers.
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.
With a decent Debt to FCF ratio value of 2.57, SPM is doing good in the industry, outperforming 80.00% of the companies in the same industry.
SPM has a Debt/Equity ratio of 0.88. This is a neutral value indicating SPM is somewhat dependend on debt financing.
SPM has a Debt to Equity ratio of 0.88. This is in the lower half of the industry: SPM underperforms 65.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | 2.57 | ||
| Altman-Z | 1.6 |
ROIC/WACC0.9
WACC7.01%
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
The Earnings Per Share has grown by an impressive 34.45% 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)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 very strong growth in Earnings Per Share. The EPS will grow by 20.28% on average per year.
Based on estimates for the next years, SPM will show a small growth in Revenue. The Revenue will grow by 0.83% on average per year.
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
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
The Price/Earnings ratio is 14.38, 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 27.42. SPM is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 7.91, the valuation of SPM can be described as very cheap.
The rest of the industry has a similar Price/Forward Earnings ratio as SPM.
SPM is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.94, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.38 | ||
| Fwd PE | 7.91 |
4.2 Price Multiples
SPM's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. SPM is cheaper than 85.71% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SPM indicates a somewhat cheap valuation: SPM is cheaper than 80.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.11 | ||
| EV/EBITDA | 2.69 |
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 33.05% 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
SPM has a Yearly Dividend Yield of 7.26%, which is a nice return.
SPM's Dividend Yield is a higher than the industry average which is at 7.40.
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 (10/20/2025, 5:36:15 PM)
2.301
+0 (+0.17%)
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 Cap4.59B
Analysts81.82
Price Target3.17 (37.77%)
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 | 14.38 | ||
| Fwd PE | 7.91 | ||
| P/S | 0.32 | ||
| P/FCF | 4.11 | ||
| P/OCF | 3.17 | ||
| P/B | 1.76 | ||
| P/tB | 2.37 | ||
| EV/EBITDA | 2.69 |
EPS(TTM)0.16
EY6.95%
EPS(NY)0.29
Fwd EY12.64%
FCF(TTM)0.56
FCFY24.35%
OCF(TTM)0.73
OCFY31.53%
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
WACC7.01%
ROIC/WACC0.9
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%