SAIPEM SPA (SPM.MI) Stock Fundamental Analysis
Europe - BIT:SPM - IT0005495657 - Common Stock
2.493 EUR
+0.02 (+0.97%)
Taking everything into account, SPM scores 5 out of 10 in our fundamental rating. SPM was compared to 37 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.
The reported net income has been mixed in the past 5 years: SPM reported negative net income in multiple years.
SPM had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
SPM's Return On Assets of 2.20% is on the low side compared to the rest of the industry. SPM is outperformed by 67.57% of its industry peers.
SPM has a Return On Equity (11.73%) which is comparable to the rest of the industry.
SPM's Return On Invested Capital of 6.28% is on the low side compared to the rest of the industry. SPM is outperformed by 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 11.36%.
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
The Profit Margin of SPM (2.10%) is worse than 72.97% of its industry peers.
SPM's Profit Margin has improved in the last couple of years.
SPM's Operating Margin of 4.47% is on the low side compared to the rest of the industry. SPM is outperformed by 81.08% of its industry peers.
SPM's Operating Margin has declined in the last couple of years.
SPM has a better Gross Margin (30.52%) than 72.97% of its industry peers.
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SPM is destroying value.
SPM has less shares outstanding than it did 1 year ago.
The number of shares outstanding for SPM has been increased compared to 5 years ago.
Compared to 1 year ago, SPM has an improved debt to assets ratio.
2.2 Solvency
SPM has an Altman-Z score of 1.61. This is a bad value and indicates that SPM is not financially healthy and even has some risk of bankruptcy.
SPM has a Altman-Z score of 1.61. This is in the better half of the industry: SPM outperforms 62.16% of its industry peers.
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 has a Debt to Equity ratio of 0.88. This is in the lower half of the industry: SPM underperforms 64.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | 2.57 | ||
| Altman-Z | 1.61 |
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.
SPM has a Current ratio (1.13) which is in line with 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 (1.09) which is in line with its industry peers.
| 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.
Looking at the last year, SPM shows a very strong growth in Revenue. The Revenue has grown by 22.44%.
Measured over the past years, SPM shows a quite strong growth in Revenue. The Revenue has been growing by 9.81% on average per year.
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
SPM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 20.38% yearly.
Based on estimates for the next years, SPM will show a small growth in Revenue. The Revenue will grow by 0.87% on average per year.
EPS Next Y51.46%
EPS Next 2Y45.16%
EPS Next 3Y33.48%
EPS Next 5Y20.38%
Revenue Next Year7.62%
Revenue Next 2Y5.2%
Revenue Next 3Y2.88%
Revenue Next 5Y0.87%
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 15.58, the valuation of SPM can be described as correct.
SPM's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 27.06. SPM is valued slightly cheaper when compared to this.
SPM is valuated reasonably with a Price/Forward Earnings ratio of 8.45.
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 22.64, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.58 | ||
| Fwd PE | 8.45 |
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.
Based on the Price/Free Cash Flow ratio, SPM is valued cheaper than 81.08% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.45 | ||
| EV/EBITDA | 2.92 |
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 33.48% in the coming years.
PEG (NY)0.3
PEG (5Y)N/A
EPS Next 2Y45.16%
EPS Next 3Y33.48%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.15%, SPM is a good candidate for dividend investing.
SPM's Dividend Yield is rather good when compared to the industry average which is at 6.48. SPM pays more dividend than 83.78% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, SPM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.15% |
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 (9/26/2025, 5:35:15 PM)
2.493
+0.02 (+0.97%)
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 Cap4.98B
Analysts82
Price Target3.18 (27.56%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.15% |
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)-0.21%
PT rev (3m)0.84%
EPS NQ rev (1m)1.22%
EPS NQ rev (3m)-5.21%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.72%
Revenue NQ rev (1m)-0.05%
Revenue NQ rev (3m)0.69%
Revenue NY rev (1m)0.16%
Revenue NY rev (3m)0.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.58 | ||
| Fwd PE | 8.45 | ||
| P/S | 0.34 | ||
| P/FCF | 4.45 | ||
| P/OCF | 3.44 | ||
| P/B | 1.91 | ||
| P/tB | 2.56 | ||
| EV/EBITDA | 2.92 |
EPS(TTM)0.16
EY6.42%
EPS(NY)0.29
Fwd EY11.83%
FCF(TTM)0.56
FCFY22.47%
OCF(TTM)0.73
OCFY29.1%
SpS7.29
BVpS1.31
TBVpS0.97
PEG (NY)0.3
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 | 1.61 |
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 Y51.46%
EPS Next 2Y45.16%
EPS Next 3Y33.48%
EPS Next 5Y20.38%
Revenue 1Y (TTM)22.44%
Revenue growth 3Y30.62%
Revenue growth 5Y9.81%
Sales Q2Q%9.55%
Revenue Next Year7.62%
Revenue Next 2Y5.2%
Revenue Next 3Y2.88%
Revenue Next 5Y0.87%
EBIT growth 1Y44.35%
EBIT growth 3YN/A
EBIT growth 5Y4.44%
EBIT Next Year154.4%
EBIT Next 3Y44.35%
EBIT Next 5Y22.59%
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%