SARAS SPA (SRS.MI) Stock Fundamental Analysis
BIT:SRS - IT0000433307 - Common Stock
1.5975 EUR
+0 (+0.03%)
Overall SRS gets a fundamental rating of 5 out of 10. We evaluated SRS against 61 industry peers in the Oil, Gas & Consumable Fuels industry. SRS has only an average score on both its financial health and profitability. SRS is valued correctly, but it does not seem to be growing. SRS also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year SRS was profitable.
SRS had a positive operating cash flow in the past year.
Of the past 5 years SRS 4 years were profitable.
Of the past 5 years SRS 4 years had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 8.05%, SRS is in the better half of the industry, outperforming 68.85% of the companies in the same industry.
Looking at the Return On Equity, with a value of 22.91%, SRS is in the better half of the industry, outperforming 72.13% of the companies in the same industry.
With an excellent Return On Invested Capital value of 21.02%, SRS belongs to the best of the industry, outperforming 86.89% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for SRS is above the industry average of 13.58%.
The last Return On Invested Capital (21.02%) for SRS is above the 3 year average (17.65%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.05% | ||
| ROE | 22.91% | ||
| ROIC | 21.02% |
ROA(3y)6.12%
ROA(5y)2.19%
ROE(3y)19.64%
ROE(5y)5.25%
ROIC(3y)17.65%
ROIC(5y)N/A
1.3 Margins
SRS has a Profit Margin of 2.52%. This is amonst the worse of the industry: SRS underperforms 81.97% of its industry peers.
SRS's Profit Margin has improved in the last couple of years.
SRS has a worse Operating Margin (4.89%) than 78.69% of its industry peers.
In the last couple of years the Operating Margin of SRS has grown nicely.
The Gross Margin of SRS (17.59%) is worse than 80.33% of its industry peers.
SRS's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.89% | ||
| PM (TTM) | 2.52% | ||
| GM | 17.59% |
OM growth 3YN/A
OM growth 5Y8.81%
PM growth 3YN/A
PM growth 5Y15.21%
GM growth 3Y16.19%
GM growth 5Y6.99%
2. Health
2.1 Basic Checks
SRS has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for SRS remains at a similar level compared to 1 year ago.
The number of shares outstanding for SRS has been increased compared to 5 years ago.
SRS has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 4.67 indicates that SRS is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 4.67, SRS belongs to the top of the industry, outperforming 91.80% of the companies in the same industry.
SRS has a debt to FCF ratio of 7.64. This is a slightly negative value and a sign of low solvency as SRS would need 7.64 years to pay back of all of its debts.
SRS has a Debt to FCF ratio of 7.64. This is in the lower half of the industry: SRS underperforms 60.66% of its industry peers.
A Debt/Equity ratio of 0.02 indicates that SRS is not too dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.02, SRS belongs to the best of the industry, outperforming 90.16% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | 7.64 | ||
| Altman-Z | 4.67 |
ROIC/WACC2.69
WACC7.81%
2.3 Liquidity
A Current Ratio of 1.15 indicates that SRS should not have too much problems paying its short term obligations.
SRS's Current ratio of 1.15 is on the low side compared to the rest of the industry. SRS is outperformed by 68.85% of its industry peers.
SRS has a Quick Ratio of 1.15. This is a bad value and indicates that SRS is not financially healthy enough and could expect problems in meeting its short term obligations.
SRS's Quick ratio of 0.50 is on the low side compared to the rest of the industry. SRS is outperformed by 91.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.15 | ||
| Quick Ratio | 0.5 |
3. Growth
3.1 Past
SRS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 21.70%, which is quite impressive.
The Earnings Per Share has been growing by 17.08% on average over the past years. This is quite good.
Looking at the last year, SRS shows a very negative growth in Revenue. The Revenue has decreased by -11.95% in the last year.
SRS shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.95% yearly.
EPS 1Y (TTM)21.7%
EPS 3YN/A
EPS 5Y17.08%
EPS Q2Q%286.67%
Revenue 1Y (TTM)-11.95%
Revenue growth 3Y28.91%
Revenue growth 5Y1.95%
Sales Q2Q%47.5%
3.2 Future
SRS is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -37.38% yearly.
SRS is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.16% yearly.
EPS Next Y-44.18%
EPS Next 2Y-44.2%
EPS Next 3Y-37.38%
EPS Next 5YN/A
Revenue Next Year3.77%
Revenue Next 2Y2.07%
Revenue Next 3Y1.46%
Revenue Next 5Y-0.16%
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 decreasing.
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 4.99, the valuation of SRS can be described as very cheap.
Based on the Price/Earnings ratio, SRS is valued a bit cheaper than the industry average as 77.05% of the companies are valued more expensively.
SRS's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.08.
A Price/Forward Earnings ratio of 15.03 indicates a correct valuation of SRS.
SRS's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. SRS is more expensive than 77.05% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of SRS to the average of the S&P500 Index (22.72), we can say SRS is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.99 | ||
| Fwd PE | 15.03 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SRS indicates a rather cheap valuation: SRS is cheaper than 81.97% of the companies listed in the same industry.
63.93% of the companies in the same industry are cheaper than SRS, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.03 | ||
| EV/EBITDA | 1.73 |
4.3 Compensation for Growth
The decent profitability rating of SRS may justify a higher PE ratio.
A cheap valuation may be justified as SRS's earnings are expected to decrease with -37.38% in the coming years.
PEG (NY)N/A
PEG (5Y)0.29
EPS Next 2Y-44.2%
EPS Next 3Y-37.38%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 9.39%, SRS is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 59.02, SRS pays a better dividend. On top of this SRS pays more dividend than 80.33% of the companies listed in the same industry.
SRS's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.39% |
5.2 History
The dividend of SRS has a limited annual growth rate of 1.20%.
Dividend Growth(5Y)1.2%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
SRS pays out 47.34% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP47.34%
EPS Next 2Y-44.2%
EPS Next 3Y-37.38%
BIT:SRS (9/6/2024, 7:00:00 PM)
1.5975
+0 (+0.03%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst OwnersN/A
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.52B
Analysts50
Price Target1.77 (10.8%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.39% |
Yearly Dividend0.19
Dividend Growth(5Y)1.2%
DP47.34%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-1.84%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.05%
EPS NY rev (3m)-4.23%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)0.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.99 | ||
| Fwd PE | 15.03 | ||
| P/S | 0.13 | ||
| P/FCF | 27.03 | ||
| P/OCF | 6.87 | ||
| P/B | 1.16 | ||
| P/tB | 1.19 | ||
| EV/EBITDA | 1.73 |
EPS(TTM)0.32
EY20.03%
EPS(NY)0.11
Fwd EY6.65%
FCF(TTM)0.06
FCFY3.7%
OCF(TTM)0.23
OCFY14.57%
SpS12.55
BVpS1.38
TBVpS1.34
PEG (NY)N/A
PEG (5Y)0.29
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.05% | ||
| ROE | 22.91% | ||
| ROCE | 35.25% | ||
| ROIC | 21.02% | ||
| ROICexc | 28.2% | ||
| ROICexgc | 29.04% | ||
| OM | 4.89% | ||
| PM (TTM) | 2.52% | ||
| GM | 17.59% | ||
| FCFM | 0.47% |
ROA(3y)6.12%
ROA(5y)2.19%
ROE(3y)19.64%
ROE(5y)5.25%
ROIC(3y)17.65%
ROIC(5y)N/A
ROICexc(3y)28.63%
ROICexc(5y)N/A
ROICexgc(3y)29.69%
ROICexgc(5y)N/A
ROCE(3y)29.66%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y8.93%
ROICexc growth 3YN/A
ROICexc growth 5Y10.2%
OM growth 3YN/A
OM growth 5Y8.81%
PM growth 3YN/A
PM growth 5Y15.21%
GM growth 3Y16.19%
GM growth 5Y6.99%
F-Score5
Asset Turnover3.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | 7.64 | ||
| Debt/EBITDA | 0.04 | ||
| Cap/Depr | 76.98% | ||
| Cap/Sales | 1.38% | ||
| Interest Coverage | 10.69 | ||
| Cash Conversion | 27.71% | ||
| Profit Quality | 18.71% | ||
| Current Ratio | 1.15 | ||
| Quick Ratio | 0.5 | ||
| Altman-Z | 4.67 |
F-Score5
WACC7.81%
ROIC/WACC2.69
Cap/Depr(3y)74.95%
Cap/Depr(5y)99.29%
Cap/Sales(3y)1.35%
Cap/Sales(5y)2.48%
Profit Quality(3y)231.4%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)21.7%
EPS 3YN/A
EPS 5Y17.08%
EPS Q2Q%286.67%
EPS Next Y-44.18%
EPS Next 2Y-44.2%
EPS Next 3Y-37.38%
EPS Next 5YN/A
Revenue 1Y (TTM)-11.95%
Revenue growth 3Y28.91%
Revenue growth 5Y1.95%
Sales Q2Q%47.5%
Revenue Next Year3.77%
Revenue Next 2Y2.07%
Revenue Next 3Y1.46%
Revenue Next 5Y-0.16%
EBIT growth 1Y26.43%
EBIT growth 3YN/A
EBIT growth 5Y10.94%
EBIT Next Year0.7%
EBIT Next 3Y-13.88%
EBIT Next 5Y-11.83%
FCF growth 1Y-86.79%
FCF growth 3YN/A
FCF growth 5Y62.61%
OCF growth 1Y-57.27%
OCF growth 3YN/A
OCF growth 5Y4.78%