SAIPEM SPA (SPM.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:SPM - IT0005495657 - Common Stock
2.313 EUR
-0.06 (-2.69%)
SPM gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 39 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 has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
SPM had positive earnings in the past year.
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
SPM has a worse Return On Assets (2.20%) than 61.54% of its industry peers.
Looking at the Return On Equity, with a value of 11.73%, SPM is in line with its industry, outperforming 56.41% of the companies in the same industry.
SPM has a Return On Invested Capital of 6.28%. This is in the lower half of the industry: SPM underperforms 61.54% 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 10.99%.
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: 71.79% 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 79.49% of its industry peers.
In the last couple of years the Operating Margin of SPM has declined.
With a decent Gross Margin value of 30.52%, SPM is doing good in the industry, outperforming 61.54% of the companies in the same industry.
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
SPM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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
SPM has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.61, 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 1.61, SPM is in the better half of the industry, outperforming 61.54% 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.
With a decent Debt to FCF ratio value of 2.57, SPM is doing good in the industry, outperforming 69.23% 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 worse Debt to Equity ratio (0.88) than 69.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | 2.57 | ||
| Altman-Z | 1.61 |
ROIC/WACC0.88
WACC7.17%
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 worse Current ratio (1.13) than 69.23% of its industry peers.
A Quick Ratio of 1.09 indicates that SPM should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.09, SPM is doing worse than 66.67% of the companies in the same 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 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.
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)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
Based on estimates for the next years, SPM will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.47% on average per year.
Based on estimates for the next years, SPM will show a small growth in Revenue. The Revenue will grow by 0.77% on average per year.
EPS Next Y34.23%
EPS Next 2Y39.42%
EPS Next 3Y30.49%
EPS Next 5Y17.47%
Revenue Next Year6.8%
Revenue Next 2Y5.01%
Revenue Next 3Y2.87%
Revenue Next 5Y0.77%
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
With a Price/Earnings ratio of 14.46, SPM is valued correctly.
SPM's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.11, SPM is valued a bit cheaper.
SPM is valuated reasonably with a Price/Forward Earnings ratio of 8.50.
The rest of the industry has a similar Price/Forward Earnings ratio as SPM.
When comparing the Price/Forward Earnings ratio of SPM to the average of the S&P500 Index (36.21), we can say SPM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.46 | ||
| Fwd PE | 8.5 |
4.2 Price Multiples
SPM's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. SPM is cheaper than 82.05% 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 76.92% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.13 | ||
| EV/EBITDA | 2.8 |
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.
SPM's earnings are expected to grow with 30.49% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.42
PEG (5Y)N/A
EPS Next 2Y39.42%
EPS Next 3Y30.49%
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 7.32.
SPM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| 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 2Y39.42%
EPS Next 3Y30.49%
BIT:SPM (12/2/2025, 11:25:10 AM)
2.313
-0.06 (-2.69%)
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 Cap4.62B
Revenue(TTM)22.64B
Net Income(TTM)306.00M
Analysts81.82
Price Target3.15 (36.19%)
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)-0.68%
PT rev (3m)-0.91%
EPS NQ rev (1m)-1.38%
EPS NQ rev (3m)3.61%
EPS NY rev (1m)-10.12%
EPS NY rev (3m)-11.37%
Revenue NQ rev (1m)0.15%
Revenue NQ rev (3m)-0.28%
Revenue NY rev (1m)-0.67%
Revenue NY rev (3m)-0.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.46 | ||
| Fwd PE | 8.5 | ||
| P/S | 0.32 | ||
| P/FCF | 4.13 | ||
| P/OCF | 3.19 | ||
| P/B | 1.77 | ||
| P/tB | 2.38 | ||
| EV/EBITDA | 2.8 |
EPS(TTM)0.16
EY6.92%
EPS(NY)0.27
Fwd EY11.77%
FCF(TTM)0.56
FCFY24.22%
OCF(TTM)0.73
OCFY31.37%
SpS7.29
BVpS1.31
TBVpS0.97
PEG (NY)0.42
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
WACC7.17%
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)14.29%
EPS 3YN/A
EPS 5Y-19%
EPS Q2Q%0%
EPS Next Y34.23%
EPS Next 2Y39.42%
EPS Next 3Y30.49%
EPS Next 5Y17.47%
Revenue 1Y (TTM)22.44%
Revenue growth 3Y30.62%
Revenue growth 5Y9.81%
Sales Q2Q%1.59%
Revenue Next Year6.8%
Revenue Next 2Y5.01%
Revenue Next 3Y2.87%
Revenue Next 5Y0.77%
EBIT growth 1Y44.35%
EBIT growth 3YN/A
EBIT growth 5Y4.44%
EBIT Next Year160.18%
EBIT Next 3Y44.43%
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%.