SAIPEM SPA (SPM.MI) Fundamental Analysis & Valuation

BIT:SPM • IT0005495657

Current stock price

3.715 EUR
-0.1 (-2.57%)
Last:

This SPM.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. SPM.MI Profitability Analysis

1.1 Basic Checks

  • In the past year SPM was profitable.
  • The reported net income has been mixed in the past 5 years: SPM reported negative net income in multiple years.
  • In multiple years SPM reported negative operating cash flow during the last 5 years.
SPM.MI Yearly Net Income VS EBIT VS OCF VS FCFSPM.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B -2B

1.2 Ratios

  • The Return On Assets of SPM (3.37%) is comparable to the rest of the industry.
  • With a decent Return On Equity value of 17.94%, SPM is doing good in the industry, outperforming 70.27% of the companies in the same industry.
  • With a decent Return On Invested Capital value of 10.21%, SPM is doing good in the industry, outperforming 62.16% of the companies in the same industry.
Industry RankSector Rank
ROA 3.37%
ROE 17.94%
ROIC 10.21%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
SPM.MI Yearly ROA, ROE, ROICSPM.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -200 -400 -600

1.3 Margins

  • Looking at the Profit Margin, with a value of 2.05%, SPM is doing worse than 72.97% of the companies in the same industry.
  • The Operating Margin of SPM (4.49%) is worse than 78.38% of its industry peers.
  • In the last couple of years the Operating Margin of SPM has grown nicely.
  • SPM has a Gross Margin of 27.58%. This is comparable to the rest of the industry: SPM outperforms 56.76% of its industry peers.
  • SPM's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 4.49%
PM (TTM) 2.05%
GM 27.58%
OM growth 3Y66.37%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.54%
GM growth 5Y-5.49%
SPM.MI Yearly Profit, Operating, Gross MarginsSPM.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20

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3

2. SPM.MI Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SPM is creating some value.
  • There is no outstanding debt for SPM. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
SPM.MI Yearly Shares OutstandingSPM.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B
SPM.MI Yearly Total Debt VS Total AssetsSPM.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B

2.2 Solvency

  • An Altman-Z score of 2.44 indicates that SPM is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • With a decent Altman-Z score value of 2.44, SPM is doing good in the industry, outperforming 75.68% 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.
  • With a Debt to Equity ratio value of 0.88, SPM is not doing good in the industry: 72.97% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF N/A
Altman-Z 2.44
ROIC/WACC1.41
WACC7.22%
SPM.MI Yearly LT Debt VS Equity VS FCFSPM.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B

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 72.97% 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.
  • Looking at the Quick ratio, with a value of 1.09, SPM is doing worse than 67.57% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.13
Quick Ratio 1.09
SPM.MI Yearly Current Assets VS Current LiabilitesSPM.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. SPM.MI Growth Analysis

3.1 Past

  • SPM shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.14%.
  • The Revenue has been growing slightly by 6.55% in the past year.
  • Measured over the past years, SPM shows a quite strong growth in Revenue. The Revenue has been growing by 15.94% on average per year.
EPS 1Y (TTM)7.14%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-20%
Revenue 1Y (TTM)6.55%
Revenue growth 3Y15.78%
Revenue growth 5Y15.94%
Sales Q2Q%2.17%

3.2 Future

  • The Earnings Per Share is expected to grow by 17.14% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 0.30% on average over the next years.
EPS Next Y61.41%
EPS Next 2Y38.85%
EPS Next 3Y25.73%
EPS Next 5Y17.14%
Revenue Next Year3.79%
Revenue Next 2Y1.15%
Revenue Next 3Y0.43%
Revenue Next 5Y0.3%

3.3 Evolution

  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
SPM.MI Yearly Revenue VS EstimatesSPM.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B
SPM.MI Yearly EPS VS EstimatesSPM.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 -2 -4

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3

4. SPM.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 24.77, the valuation of SPM can be described as rather expensive.
  • Based on the Price/Earnings ratio, SPM is valued a bit more expensive than the industry average as 62.16% of the companies are valued more cheaply.
  • The average S&P500 Price/Earnings ratio is at 24.88. SPM is around the same levels.
  • Based on the Price/Forward Earnings ratio of 15.34, the valuation of SPM can be described as correct.
  • 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 (22.19), we can say SPM is valued slightly cheaper.
Industry RankSector Rank
PE 24.77
Fwd PE 15.34
SPM.MI Price Earnings VS Forward Price EarningsSPM.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
SPM.MI Per share dataSPM.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

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 25.73% in the coming years.
PEG (NY)0.4
PEG (5Y)N/A
EPS Next 2Y38.85%
EPS Next 3Y25.73%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. SPM.MI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.98%, SPM is a good candidate for dividend investing.
  • SPM's Dividend Yield is a higher than the industry average which is at 3.12.
  • SPM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.90.
Industry RankSector Rank
Dividend Yield 4.98%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

DP0%
EPS Next 2Y38.85%
EPS Next 3Y25.73%
SPM.MI Yearly Income VS Free CF VS DividendSPM.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -1B -2B

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SPM.MI Fundamentals: All Metrics, Ratios and Statistics

SAIPEM SPA

BIT:SPM (3/27/2026, 7:00:00 PM)

3.715

-0.1 (-2.57%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-24
Earnings (Next)04-21
Inst Owners34.42%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap7.41B
Revenue(TTM)22.80B
Net Income(TTM)468.00M
Analysts81.82
Price Target3.37 (-9.29%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.98%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-33.41%
Min EPS beat(2)-38.6%
Max EPS beat(2)-28.21%
EPS beat(4)1
Avg EPS beat(4)-25.83%
Min EPS beat(4)-44.99%
Max EPS beat(4)8.5%
EPS beat(8)2
Avg EPS beat(8)-19.45%
EPS beat(12)5
Avg EPS beat(12)-7%
EPS beat(16)9
Avg EPS beat(16)10.75%
Revenue beat(2)1
Avg Revenue beat(2)2.38%
Min Revenue beat(2)-3.68%
Max Revenue beat(2)8.43%
Revenue beat(4)1
Avg Revenue beat(4)0.77%
Min Revenue beat(4)-3.68%
Max Revenue beat(4)8.43%
Revenue beat(8)4
Avg Revenue beat(8)2.91%
Revenue beat(12)8
Avg Revenue beat(12)4.17%
Revenue beat(16)12
Avg Revenue beat(16)5.87%
PT rev (1m)2.63%
PT rev (3m)6.25%
EPS NQ rev (1m)7.54%
EPS NQ rev (3m)7.54%
EPS NY rev (1m)-3.56%
EPS NY rev (3m)-7.29%
Revenue NQ rev (1m)1.35%
Revenue NQ rev (3m)1.35%
Revenue NY rev (1m)-0.46%
Revenue NY rev (3m)0.01%
Valuation
Industry RankSector Rank
PE 24.77
Fwd PE 15.34
P/S 0.33
P/FCF N/A
P/OCF N/A
P/B 2.84
P/tB 3.82
EV/EBITDA N/A
EPS(TTM)0.15
EY4.04%
EPS(NY)0.24
Fwd EY6.52%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS11.42
BVpS1.31
TBVpS0.97
PEG (NY)0.4
PEG (5Y)N/A
Graham Number2.1
Profitability
Industry RankSector Rank
ROA 3.37%
ROE 17.94%
ROCE 16.82%
ROIC 10.21%
ROICexc 17.8%
ROICexgc 22%
OM 4.49%
PM (TTM) 2.05%
GM 27.58%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y66.37%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.54%
GM growth 5Y-5.49%
F-ScoreN/A
Asset Turnover1.64
Health
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.13
Quick Ratio 1.09
Altman-Z 2.44
F-ScoreN/A
WACC7.22%
ROIC/WACC1.41
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)7.14%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-20%
EPS Next Y61.41%
EPS Next 2Y38.85%
EPS Next 3Y25.73%
EPS Next 5Y17.14%
Revenue 1Y (TTM)6.55%
Revenue growth 3Y15.78%
Revenue growth 5Y15.94%
Sales Q2Q%2.17%
Revenue Next Year3.79%
Revenue Next 2Y1.15%
Revenue Next 3Y0.43%
Revenue Next 5Y0.3%
EBIT growth 1Y4.3%
EBIT growth 3Y92.63%
EBIT growth 5YN/A
EBIT Next Year182.35%
EBIT Next 3Y44.95%
EBIT Next 5Y21.68%
FCF growth 1YN/A
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1YN/A
OCF growth 3YN/A
OCF growth 5YN/A

SAIPEM SPA / SPM.MI Fundamental Analysis FAQ

What is the fundamental rating for SPM stock?

ChartMill assigns a fundamental rating of 3 / 10 to SPM.MI.


Can you provide the valuation status for SAIPEM SPA?

ChartMill assigns a valuation rating of 3 / 10 to SAIPEM SPA (SPM.MI). This can be considered as Overvalued.


How profitable is SAIPEM SPA (SPM.MI) stock?

SAIPEM SPA (SPM.MI) has a profitability rating of 3 / 10.


Can you provide the PE and PB ratios for SPM stock?

The Price/Earnings (PE) ratio for SAIPEM SPA (SPM.MI) is 24.77 and the Price/Book (PB) ratio is 2.84.


Can you provide the financial health for SPM stock?

The financial health rating of SAIPEM SPA (SPM.MI) is 3 / 10.