SAIPEM SPA (SPM.MI) Stock Fundamental Analysis
Europe • Euronext Milan • BIT:SPM • IT0005495657
3.109 EUR
+0.01 (+0.45%)
Last: Jan 30, 2026, 07:00 PM
Taking everything into account, SPM scores 4 out of 10 in our fundamental rating. SPM was compared to 36 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 not valued too expensively and it also shows a decent growth rate.
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.
- 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
- Looking at the Return On Assets, with a value of 2.20%, SPM is doing worse than 69.44% of the companies in the same industry.
- The Return On Equity of SPM (11.73%) is comparable to the rest of the industry.
- With a Return On Invested Capital value of 6.28%, SPM is not doing good in the industry: 61.11% of the companies in the same industry are doing better.
- The Average Return On Invested Capital over the past 3 years for SPM is significantly below the industry average of 10.31%.
- The 3 year average ROIC (3.90%) for SPM is below the current ROIC(6.28%), indicating increased profibility in the last year.
| 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
- SPM's Profit Margin of 2.10% is on the low side compared to the rest of the industry. SPM is outperformed by 75.00% of its industry peers.
- SPM's Profit Margin has improved in the last couple of years.
- With a Operating Margin value of 4.47%, SPM is not doing good in the industry: 77.78% of the companies in the same industry are doing better.
- SPM's Operating Margin has declined in the last couple of years.
- SPM has a Gross Margin (30.52%) which is comparable to the rest of the industry.
- 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.
- 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
- Compared to 1 year ago, SPM has an improved debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 1.68, we must say that SPM is in the distress zone and has some risk of bankruptcy.
- SPM has a better Altman-Z score (1.68) than 75.00% 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 has a Debt to FCF ratio of 2.57. This is in the better half of the industry: SPM outperforms 69.44% 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 69.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | 2.57 | ||
| Altman-Z | 1.68 |
ROIC/WACC0.88
WACC7.14%
2.3 Liquidity
- A Current Ratio of 1.13 indicates that SPM should not have too much problems paying its short term obligations.
- The Current ratio of SPM (1.13) is worse than 75.00% of its industry peers.
- A Quick Ratio of 1.09 indicates that SPM should not have too much problems paying its short term obligations.
- With a Quick ratio value of 1.09, SPM is not doing good in the industry: 72.22% of the companies in the same industry are doing better.
| 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.
- 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%.
- 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)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
- 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 0.48% on average over the next years.
EPS Next Y26.09%
EPS Next 2Y33.91%
EPS Next 3Y27.01%
EPS Next 5Y17.14%
Revenue Next Year6.22%
Revenue Next 2Y4.72%
Revenue Next 3Y2.76%
Revenue Next 5Y0.48%
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
- Based on the Price/Earnings ratio of 19.43, the valuation of SPM can be described as rather expensive.
- Based on the Price/Earnings ratio, SPM is valued a bit more expensive than 61.11% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 28.30, SPM is valued a bit cheaper.
- The Price/Forward Earnings ratio is 12.38, which indicates a correct 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.
- The average S&P500 Price/Forward Earnings ratio is at 25.57. SPM is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.43 | ||
| Fwd PE | 12.38 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, SPM is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
- SPM's Price/Free Cash Flow ratio is rather cheap when compared to the industry. SPM is cheaper than 80.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.55 | ||
| EV/EBITDA | 3.77 |
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 27.01% in the coming years.
PEG (NY)0.74
PEG (5Y)N/A
EPS Next 2Y33.91%
EPS Next 3Y27.01%
5. Dividend
5.1 Amount
- SPM has a Yearly Dividend Yield of 6.00%, which is a nice return.
- SPM's Dividend Yield is a higher than the industry average which is at 3.63.
- Compared to an average S&P500 Dividend Yield of 1.82, SPM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DP0%
EPS Next 2Y33.91%
EPS Next 3Y27.01%
SAIPEM SPA / SPM.MI FAQ
What is the fundamental rating for SPM stock?
ChartMill assigns a fundamental rating of 4 / 10 to SPM.MI.
Can you provide the valuation status for SAIPEM SPA?
ChartMill assigns a valuation rating of 6 / 10 to SAIPEM SPA (SPM.MI). This can be considered as Fairly Valued.
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 19.43 and the Price/Book (PB) ratio is 2.38.
Can you provide the financial health for SPM stock?
The financial health rating of SAIPEM SPA (SPM.MI) is 4 / 10.