SNAM SPA (SRG.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:SRG - IT0003153415 - Common Stock
5.668 EUR
+0.02 (+0.35%)
Overall SRG gets a fundamental rating of 4 out of 10. We evaluated SRG against 5 industry peers in the Gas Utilities industry. There are concerns on the financial health of SRG while its profitability can be described as average. SRG is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year SRG was profitable.
In the past year SRG had a positive cash flow from operations.
In the past 5 years SRG has always been profitable.
SRG had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
The Return On Assets of SRG (6.13%) is better than 100.00% of its industry peers.
SRG has a Return On Equity of 24.13%. This is in the better half of the industry: SRG outperforms 80.00% of its industry peers.
SRG has a Return On Invested Capital (7.18%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SRG is in line with the industry average of 6.44%.
The 3 year average ROIC (4.63%) for SRG is below the current ROIC(7.18%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.13% | ||
| ROE | 24.13% | ||
| ROIC | 7.18% |
ROA(3y)2.99%
ROA(5y)3.75%
ROE(3y)12.65%
ROE(5y)15.15%
ROIC(3y)4.63%
ROIC(5y)4.83%
1.3 Margins
SRG has a better Profit Margin (40.11%) than 100.00% of its industry peers.
SRG's Profit Margin has declined in the last couple of years.
SRG has a better Operating Margin (49.28%) than 100.00% of its industry peers.
In the last couple of years the Operating Margin of SRG has declined.
SRG has a Gross Margin (51.90%) which is in line with its industry peers.
In the last couple of years the Gross Margin of SRG has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 49.28% | ||
| PM (TTM) | 40.11% | ||
| GM | 51.9% |
OM growth 3Y3.22%
OM growth 5Y-2.76%
PM growth 3Y-8.04%
PM growth 5Y-2.91%
GM growth 3Y4.14%
GM growth 5Y-0.97%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SRG is creating some value.
Compared to 1 year ago, SRG has about the same amount of shares outstanding.
Compared to 5 years ago, SRG has more shares outstanding
Compared to 1 year ago, SRG has a worse debt to assets ratio.
2.2 Solvency
SRG has an Altman-Z score of 0.99. This is a bad value and indicates that SRG is not financially healthy and even has some risk of bankruptcy.
SRG has a Altman-Z score of 0.99. This is in the lower half of the industry: SRG underperforms 60.00% of its industry peers.
SRG has a Debt/Equity ratio of 1.87. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.87, SRG is doing worse than 60.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.87 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.99 |
ROIC/WACC1.45
WACC4.95%
2.3 Liquidity
A Current Ratio of 0.90 indicates that SRG may have some problems paying its short term obligations.
SRG's Current ratio of 0.90 is in line compared to the rest of the industry. SRG outperforms 60.00% of its industry peers.
A Quick Ratio of 0.66 indicates that SRG may have some problems paying its short term obligations.
SRG's Quick ratio of 0.66 is on the low side compared to the rest of the industry. SRG is outperformed by 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.66 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 14.65% over the past year.
Measured over the past 5 years, SRG shows a small growth in Earnings Per Share. The EPS has been growing by 2.97% on average per year.
SRG shows a decrease in Revenue. In the last year, the revenue decreased by -2.72%.
SRG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.01% yearly.
EPS 1Y (TTM)14.65%
EPS 3Y-5.86%
EPS 5Y2.97%
EPS Q2Q%9.89%
Revenue 1Y (TTM)-2.72%
Revenue growth 3Y2.67%
Revenue growth 5Y6.01%
Sales Q2Q%-11.65%
3.2 Future
SRG is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.12% yearly.
Based on estimates for the next years, SRG will show a small growth in Revenue. The Revenue will grow by 2.98% on average per year.
EPS Next Y10.18%
EPS Next 2Y5.18%
EPS Next 3Y4.78%
EPS Next 5Y4.12%
Revenue Next Year-0.84%
Revenue Next 2Y2.72%
Revenue Next 3Y3.52%
Revenue Next 5Y2.98%
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.
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 13.82, the valuation of SRG can be described as correct.
SRG's Price/Earnings ratio is a bit more expensive when compared to the industry. SRG is more expensive than 60.00% of the companies in the same industry.
SRG is valuated rather cheaply when we compare the Price/Earnings ratio to 26.60, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 13.41 indicates a correct valuation of SRG.
Based on the Price/Forward Earnings ratio, SRG is valued a bit cheaper than 80.00% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.23, SRG is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.82 | ||
| Fwd PE | 13.41 |
4.2 Price Multiples
SRG's Enterprise Value to EBITDA is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.55 |
4.3 Compensation for Growth
SRG's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
SRG has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.36
PEG (5Y)4.65
EPS Next 2Y5.18%
EPS Next 3Y4.78%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.22%, SRG is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.84, SRG pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 1.94, SRG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.22% |
5.2 History
The dividend of SRG has a limited annual growth rate of 4.51%.
Dividend Growth(5Y)4.51%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
SRG pays out 43.67% of its income as dividend. This is a bit on the high side, but may be sustainable.
SRG's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP43.67%
EPS Next 2Y5.18%
EPS Next 3Y4.78%
BIT:SRG (1/5/2026, 5:35:30 PM)
5.668
+0.02 (+0.35%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners28.93%
Inst Owner ChangeN/A
Ins Owners7.45%
Ins Owner ChangeN/A
Market Cap19.05B
Revenue(TTM)5.58B
Net Income(TTM)2.21B
Analysts67.83
Price Target5.79 (2.15%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.22% |
Yearly Dividend0.28
Dividend Growth(5Y)4.51%
DP43.67%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)5.67%
Min EPS beat(2)-6.3%
Max EPS beat(2)17.64%
EPS beat(4)2
Avg EPS beat(4)2.44%
Min EPS beat(4)-13.92%
Max EPS beat(4)17.64%
EPS beat(8)4
Avg EPS beat(8)2.26%
EPS beat(12)6
Avg EPS beat(12)0.08%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-0.95%
Min Revenue beat(2)-1.8%
Max Revenue beat(2)-0.11%
Revenue beat(4)0
Avg Revenue beat(4)-7.75%
Min Revenue beat(4)-25.83%
Max Revenue beat(4)-0.11%
Revenue beat(8)2
Avg Revenue beat(8)2.07%
Revenue beat(12)5
Avg Revenue beat(12)12.97%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)2.2%
PT rev (3m)4.71%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0.3%
EPS NY rev (3m)1.3%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.51%
Revenue NY rev (1m)-0.43%
Revenue NY rev (3m)-0.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.82 | ||
| Fwd PE | 13.41 | ||
| P/S | 3.47 | ||
| P/FCF | N/A | ||
| P/OCF | 10.14 | ||
| P/B | 2.08 | ||
| P/tB | 2.63 | ||
| EV/EBITDA | 9.55 |
EPS(TTM)0.41
EY7.23%
EPS(NY)0.42
Fwd EY7.46%
FCF(TTM)-0.29
FCFYN/A
OCF(TTM)0.56
OCFY9.86%
SpS1.64
BVpS2.72
TBVpS2.16
PEG (NY)1.36
PEG (5Y)4.65
Graham Number5.01
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.13% | ||
| ROE | 24.13% | ||
| ROCE | 9.95% | ||
| ROIC | 7.18% | ||
| ROICexc | 7.68% | ||
| ROICexgc | 8.27% | ||
| OM | 49.28% | ||
| PM (TTM) | 40.11% | ||
| GM | 51.9% | ||
| FCFM | N/A |
ROA(3y)2.99%
ROA(5y)3.75%
ROE(3y)12.65%
ROE(5y)15.15%
ROIC(3y)4.63%
ROIC(5y)4.83%
ROICexc(3y)4.97%
ROICexc(5y)5.28%
ROICexgc(3y)5.31%
ROICexgc(5y)5.63%
ROCE(3y)6.69%
ROCE(5y)7.13%
ROICexgc growth 3Y-1.38%
ROICexgc growth 5Y-4.6%
ROICexc growth 3Y-1.53%
ROICexc growth 5Y-4.68%
OM growth 3Y3.22%
OM growth 5Y-2.76%
PM growth 3Y-8.04%
PM growth 5Y-2.91%
GM growth 3Y4.14%
GM growth 5Y-0.97%
F-Score5
Asset Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.87 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.52 | ||
| Cap/Depr | 262.59% | ||
| Cap/Sales | 51.59% | ||
| Interest Coverage | 6.56 | ||
| Cash Conversion | 49.56% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.66 | ||
| Altman-Z | 0.99 |
F-Score5
WACC4.95%
ROIC/WACC1.45
Cap/Depr(3y)209.59%
Cap/Depr(5y)186.27%
Cap/Sales(3y)52.8%
Cap/Sales(5y)47.64%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)14.65%
EPS 3Y-5.86%
EPS 5Y2.97%
EPS Q2Q%9.89%
EPS Next Y10.18%
EPS Next 2Y5.18%
EPS Next 3Y4.78%
EPS Next 5Y4.12%
Revenue 1Y (TTM)-2.72%
Revenue growth 3Y2.67%
Revenue growth 5Y6.01%
Sales Q2Q%-11.65%
Revenue Next Year-0.84%
Revenue Next 2Y2.72%
Revenue Next 3Y3.52%
Revenue Next 5Y2.98%
EBIT growth 1Y11.62%
EBIT growth 3Y5.97%
EBIT growth 5Y3.08%
EBIT Next Year70.37%
EBIT Next 3Y23.42%
EBIT Next 5Y15.17%
FCF growth 1Y-103.83%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y75.19%
OCF growth 3Y10.68%
OCF growth 5Y4.07%
SNAM SPA / SRG.MI FAQ
What is the ChartMill fundamental rating of SNAM SPA (SRG.MI) stock?
ChartMill assigns a fundamental rating of 4 / 10 to SRG.MI.
What is the valuation status for SRG stock?
ChartMill assigns a valuation rating of 4 / 10 to SNAM SPA (SRG.MI). This can be considered as Fairly Valued.
Can you provide the profitability details for SNAM SPA?
SNAM SPA (SRG.MI) has a profitability rating of 6 / 10.
Can you provide the PE and PB ratios for SRG stock?
The Price/Earnings (PE) ratio for SNAM SPA (SRG.MI) is 13.82 and the Price/Book (PB) ratio is 2.08.
How sustainable is the dividend of SNAM SPA (SRG.MI) stock?
The dividend rating of SNAM SPA (SRG.MI) is 6 / 10 and the dividend payout ratio is 43.67%.