SAIPEM SPA (SPM.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:SPM - IT0005495657 - Common Stock
2.717 EUR
+0 (+0.18%)
Taking everything into account, SPM scores 4 out of 10 in our fundamental rating. SPM was compared to 39 industry peers in the Energy Equipment & Services industry. While SPM seems to be doing ok healthwise, there are quite some concerns on its profitability. SPM has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- SPM had positive earnings in the past year.
- In the past year SPM had a positive cash flow from operations.
- In multiple years SPM reported negative net income over the last 5 years.
- SPM had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- SPM has a worse Return On Assets (2.20%) than 71.79% of its industry peers.
- SPM's Return On Equity of 11.73% is in line compared to the rest of the industry. SPM outperforms 56.41% of its industry peers.
- The Return On Invested Capital of SPM (6.28%) is worse than 61.54% 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 10.38%.
- 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 has a worse Profit Margin (2.10%) than 76.92% of its industry peers.
- In the last couple of years the Profit Margin of SPM has grown nicely.
- SPM has a worse Operating Margin (4.47%) than 79.49% of its industry peers.
- In the last couple of years the Operating Margin of SPM has declined.
- SPM's Gross Margin of 30.52% is in line compared to the rest of the industry. SPM outperforms 58.97% of its industry peers.
- 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
- 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.
- The debt/assets ratio for SPM has been reduced compared to a year ago.
2.2 Solvency
- Based on the Altman-Z score of 1.64, we must say that SPM is in the distress zone and has some risk of bankruptcy.
- SPM has a Altman-Z score of 1.64. This is in the better half of the industry: SPM outperforms 69.23% 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.
- The Debt to FCF ratio of SPM (2.57) is better than 71.79% of its industry peers.
- SPM has a Debt/Equity ratio of 0.88. This is a neutral value indicating SPM is somewhat dependend on debt financing.
- With a Debt to Equity ratio value of 0.88, SPM is not doing good in the industry: 71.79% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | 2.57 | ||
| Altman-Z | 1.64 |
ROIC/WACC0.89
WACC7.05%
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 of 1.13. This is in the lower half of the industry: SPM underperforms 76.92% of its industry peers.
- A Quick Ratio of 1.09 indicates that SPM should not have too much problems paying its short term obligations.
- SPM's Quick ratio of 1.09 is on the low side compared to the rest of the industry. SPM is outperformed by 71.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.13 | ||
| Quick Ratio | 1.09 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an nice 14.29% over the past year.
- SPM shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -19.00% yearly.
- Looking at the last year, SPM shows a very strong growth in Revenue. The Revenue has grown by 22.44%.
- The Revenue has been growing by 9.81% on average over the past years. This is quite good.
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
- SPM is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.14% yearly.
- SPM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.48% yearly.
EPS Next Y19.94%
EPS Next 2Y31.1%
EPS Next 3Y26.47%
EPS Next 5Y17.14%
Revenue Next Year6.22%
Revenue Next 2Y4.72%
Revenue Next 3Y2.76%
Revenue Next 5Y0.48%
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 16.98, the valuation of SPM can be described as correct.
- 66.67% of the companies in the same industry are cheaper than SPM, based on the Price/Earnings ratio.
- When comparing the Price/Earnings ratio of SPM to the average of the S&P500 Index (27.33), we can say SPM is valued slightly cheaper.
- SPM is valuated reasonably with a Price/Forward Earnings ratio of 11.29.
- The rest of the industry has a similar Price/Forward Earnings ratio as SPM.
- When comparing the Price/Forward Earnings ratio of SPM to the average of the S&P500 Index (24.12), we can say SPM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.98 | ||
| Fwd PE | 11.29 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, SPM is valued cheaper than 82.05% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, SPM is valued cheaply inside the industry as 82.05% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.85 | ||
| EV/EBITDA | 3.25 |
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.
- SPM's earnings are expected to grow with 26.47% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.85
PEG (5Y)N/A
EPS Next 2Y31.1%
EPS Next 3Y26.47%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 6.71%, SPM is a good candidate for dividend investing.
- SPM's Dividend Yield is a higher than the industry average which is at 3.81.
- SPM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.91.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.71% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DP0%
EPS Next 2Y31.1%
EPS Next 3Y26.47%
BIT:SPM (1/15/2026, 5:35:15 PM)
2.717
+0 (+0.18%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)10-22 2025-10-22/amc
Earnings (Next)02-23 2026-02-23/amc
Inst Owners32.09%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap5.42B
Revenue(TTM)22.64B
Net Income(TTM)306.00M
Analysts82.86
Price Target3.17 (16.67%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.71% |
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%
PT rev (3m)-0.11%
EPS NQ rev (1m)-1.38%
EPS NQ rev (3m)3.37%
EPS NY rev (1m)-5.21%
EPS NY rev (3m)-19.69%
Revenue NQ rev (1m)0.15%
Revenue NQ rev (3m)0.13%
Revenue NY rev (1m)-0.31%
Revenue NY rev (3m)-1.22%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.98 | ||
| Fwd PE | 11.29 | ||
| P/S | 0.37 | ||
| P/FCF | 4.85 | ||
| P/OCF | 3.74 | ||
| P/B | 2.08 | ||
| P/tB | 2.79 | ||
| EV/EBITDA | 3.25 |
EPS(TTM)0.16
EY5.89%
EPS(NY)0.24
Fwd EY8.86%
FCF(TTM)0.56
FCFY20.62%
OCF(TTM)0.73
OCFY26.71%
SpS7.29
BVpS1.31
TBVpS0.97
PEG (NY)0.85
PEG (5Y)N/A
Graham Number2.17
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
ROICexgc growth 3YN/A
ROICexgc 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 | 1.64 |
F-Score8
WACC7.05%
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)14.29%
EPS 3YN/A
EPS 5Y-19%
EPS Q2Q%0%
EPS Next Y19.94%
EPS Next 2Y31.1%
EPS Next 3Y26.47%
EPS Next 5Y17.14%
Revenue 1Y (TTM)22.44%
Revenue growth 3Y30.62%
Revenue growth 5Y9.81%
Sales Q2Q%1.59%
Revenue Next Year6.22%
Revenue Next 2Y4.72%
Revenue Next 3Y2.76%
Revenue Next 5Y0.48%
EBIT growth 1Y44.35%
EBIT growth 3YN/A
EBIT growth 5Y4.44%
EBIT Next Year163.93%
EBIT Next 3Y44.82%
EBIT Next 5Y20.41%
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%
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 16.98 and the Price/Book (PB) ratio is 2.08.
Can you provide the financial health for SPM stock?
The financial health rating of SAIPEM SPA (SPM.MI) is 4 / 10.