SAIPEM SPA (SPM.MI) Stock Fundamental Analysis
BIT:SPM - Euronext Milan - IT0005495657 - Common Stock - Currency: EUR
We assign a fundamental rating of 5 out of 10 to SPM. SPM was compared to 34 industry peers in the Energy Equipment & Services industry. SPM scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. SPM is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year SPM was profitable.
SPM had a positive operating cash flow in the past year.
In multiple years SPM reported negative net income over the last 5 years.
Of the past 5 years SPM 4 years had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 2.11%, SPM is not doing good in the industry: 73.53% of the companies in the same industry are doing better.
SPM has a Return On Equity (12.12%) which is in line with its industry peers.
SPM's Return On Invested Capital of 6.37% is on the low side compared to the rest of the industry. SPM is outperformed by 61.76% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SPM is significantly below the industry average of 10.62%.
The 3 year average ROIC (3.90%) for SPM is below the current ROIC(6.37%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.11% | ||
| ROE | 12.12% | ||
| ROIC | 6.37% |
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
Looking at the Profit Margin, with a value of 2.10%, SPM is doing worse than 76.47% of the companies in the same industry.
SPM's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 4.47%, SPM is doing worse than 79.41% of the companies in the same industry.
In the last couple of years the Operating Margin of SPM has declined.
The Gross Margin of SPM (30.52%) is better than 73.53% 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.
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
SPM has a better debt/assets ratio than last year.
2.2 Solvency
SPM has an Altman-Z score of 1.53. This is a bad value and indicates that SPM is not financially healthy and even has some risk of bankruptcy.
SPM's Altman-Z score of 1.53 is fine compared to the rest of the industry. SPM outperforms 67.65% of its industry peers.
The Debt to FCF ratio of SPM is 4.17, which is a neutral value as it means it would take SPM, 4.17 years of fcf income to pay off all of its debts.
SPM's Debt to FCF ratio of 4.17 is in line compared to the rest of the industry. SPM outperforms 52.94% of its industry peers.
SPM has a Debt/Equity ratio of 0.90. This is a neutral value indicating SPM is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.90, SPM is in line with its industry, outperforming 44.12% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.9 | ||
| Debt/FCF | 4.17 | ||
| Altman-Z | 1.53 |
ROIC/WACC0.89
WACC7.12%
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.
With a Current ratio value of 1.13, SPM is not doing good in the industry: 64.71% of the companies in the same industry are doing better.
A Quick Ratio of 1.09 indicates that SPM should not have too much problems paying its short term obligations.
SPM has a Quick ratio (1.09) which is comparable to the rest of the industry.
| 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 46.79%, which is quite impressive.
The earnings per share for SPM have been decreasing by -19.00% on average. This is quite bad
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)46.79%
EPS 3YN/A
EPS 5Y-19%
EPS Q2Q%100%
Revenue 1Y (TTM)22.44%
Revenue growth 3Y30.62%
Revenue growth 5Y9.81%
Sales Q2Q%15.46%
3.2 Future
The Earnings Per Share is expected to grow by 23.33% on average over the next years. This is a very strong growth
SPM is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.16% yearly.
EPS Next Y57.31%
EPS Next 2Y47.59%
EPS Next 3Y36.61%
EPS Next 5Y23.33%
Revenue Next Year6.96%
Revenue Next 2Y5.06%
Revenue Next 3Y3.01%
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 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
The Price/Earnings ratio is 15.01, which indicates a correct valuation of SPM.
The rest of the industry has a similar Price/Earnings ratio as SPM.
Compared to an average S&P500 Price/Earnings ratio of 27.30, SPM is valued a bit cheaper.
A Price/Forward Earnings ratio of 7.87 indicates a rather cheap valuation of SPM.
SPM's Price/Forward Earnings ratio is in line with the industry average.
SPM's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.76.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.01 | ||
| Fwd PE | 7.87 |
4.2 Price Multiples
82.35% of the companies in the same industry are more expensive than SPM, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SPM indicates a somewhat cheap valuation: SPM is cheaper than 61.76% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.62 | ||
| EV/EBITDA | 3.11 |
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 36.61% in the coming years.
PEG (NY)0.26
PEG (5Y)N/A
EPS Next 2Y47.59%
EPS Next 3Y36.61%
5. Dividend
5.1 Amount
SPM has a Yearly Dividend Yield of 7.13%, which is a nice return.
SPM's Dividend Yield is rather good when compared to the industry average which is at 6.27. SPM pays more dividend than 85.29% of the companies in the same industry.
SPM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.13% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DP0%
EPS Next 2Y47.59%
EPS Next 3Y36.61%
BIT:SPM (7/11/2025, 7:00:00 PM)
2.401
+0.03 (+1.09%)
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 Cap4.79B
Analysts82.61
Price Target3.15 (31.2%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.13% |
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)1.68%
Min EPS beat(2)-12.27%
Max EPS beat(2)15.63%
EPS beat(4)1
Avg EPS beat(4)-13.07%
Min EPS beat(4)-43.42%
Max EPS beat(4)15.63%
EPS beat(8)4
Avg EPS beat(8)2.42%
EPS beat(12)8
Avg EPS beat(12)22.94%
EPS beat(16)8
Avg EPS beat(16)-22.03%
Revenue beat(2)2
Avg Revenue beat(2)7.62%
Min Revenue beat(2)7.39%
Max Revenue beat(2)7.84%
Revenue beat(4)3
Avg Revenue beat(4)5.05%
Min Revenue beat(4)-0.23%
Max Revenue beat(4)7.84%
Revenue beat(8)7
Avg Revenue beat(8)5.87%
Revenue beat(12)11
Avg Revenue beat(12)7.57%
Revenue beat(16)13
Avg Revenue beat(16)15.95%
PT rev (1m)-0.6%
PT rev (3m)-2.94%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-32.41%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.57%
Revenue NQ rev (1m)2.06%
Revenue NQ rev (3m)3.86%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.01 | ||
| Fwd PE | 7.87 | ||
| P/S | 0.33 | ||
| P/FCF | 6.62 | ||
| P/OCF | 4.52 | ||
| P/B | 1.9 | ||
| P/tB | 2.58 | ||
| EV/EBITDA | 3.11 |
EPS(TTM)0.16
EY6.66%
EPS(NY)0.3
Fwd EY12.7%
FCF(TTM)0.36
FCFY15.11%
OCF(TTM)0.53
OCFY22.14%
SpS7.29
BVpS1.26
TBVpS0.93
PEG (NY)0.26
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.11% | ||
| ROE | 12.12% | ||
| ROCE | 10.93% | ||
| ROIC | 6.37% | ||
| ROICexc | 12.16% | ||
| ROICexgc | 15.43% | ||
| OM | 4.47% | ||
| PM (TTM) | 2.1% | ||
| GM | 30.52% | ||
| FCFM | 4.98% |
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
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.9 | ||
| Debt/FCF | 4.17 | ||
| Debt/EBITDA | 1.72 | ||
| Cap/Depr | 49.93% | ||
| Cap/Sales | 2.32% | ||
| Interest Coverage | 3.62 | ||
| Cash Conversion | 80.02% | ||
| Profit Quality | 236.6% | ||
| Current Ratio | 1.13 | ||
| Quick Ratio | 1.09 | ||
| Altman-Z | 1.53 |
F-Score8
WACC7.12%
ROIC/WACC0.89
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)46.79%
EPS 3YN/A
EPS 5Y-19%
EPS Q2Q%100%
EPS Next Y57.31%
EPS Next 2Y47.59%
EPS Next 3Y36.61%
EPS Next 5Y23.33%
Revenue 1Y (TTM)22.44%
Revenue growth 3Y30.62%
Revenue growth 5Y9.81%
Sales Q2Q%15.46%
Revenue Next Year6.96%
Revenue Next 2Y5.06%
Revenue Next 3Y3.01%
Revenue Next 5Y-0.16%
EBIT growth 1Y44.35%
EBIT growth 3YN/A
EBIT growth 5Y4.44%
EBIT Next Year154.4%
EBIT Next 3Y44.35%
EBIT Next 5Y31.78%
FCF growth 1Y596.15%
FCF growth 3YN/A
FCF growth 5Y-4.7%
OCF growth 1Y81.06%
OCF growth 3Y127.59%
OCF growth 5Y-3.33%