SAIPEM SPA (SPM.MI) Fundamental Analysis & Valuation

BIT:SPM • IT0005495657

Current stock price

3.382 EUR
+0.02 (+0.71%)
Last:

This SPM.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. SPM.MI Profitability Analysis

1.1 Basic Checks

  • In the past year SPM was profitable.
  • The reported net income has been mixed in the past 5 years: SPM reported negative net income in multiple years.
  • The reported operating cash flow has been mixed in the past 5 years: SPM reported negative operating cash flow in multiple years.
SPM.MI Yearly Net Income VS EBIT VS OCF VS FCFSPM.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B -2B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 3.37%, SPM is in line with its industry, outperforming 47.22% of the companies in the same industry.
  • SPM's Return On Equity of 17.94% is fine compared to the rest of the industry. SPM outperforms 72.22% of its industry peers.
  • SPM's Return On Invested Capital of 10.21% is fine compared to the rest of the industry. SPM outperforms 69.44% of its industry peers.
Industry RankSector Rank
ROA 3.37%
ROE 17.94%
ROIC 10.21%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
SPM.MI Yearly ROA, ROE, ROICSPM.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -200 -400 -600

1.3 Margins

  • SPM's Profit Margin of 2.05% is on the low side compared to the rest of the industry. SPM is outperformed by 69.44% of its industry peers.
  • SPM's Operating Margin of 4.49% is on the low side compared to the rest of the industry. SPM is outperformed by 72.22% of its industry peers.
  • In the last couple of years the Operating Margin of SPM has grown nicely.
  • SPM has a Gross Margin (27.58%) which is in line with its industry peers.
  • In the last couple of years the Gross Margin of SPM has declined.
Industry RankSector Rank
OM 4.49%
PM (TTM) 2.05%
GM 27.58%
OM growth 3Y66.37%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.54%
GM growth 5Y-5.49%
SPM.MI Yearly Profit, Operating, Gross MarginsSPM.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20

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3

2. SPM.MI Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SPM is still creating some value.
  • SPM has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
SPM.MI Yearly Shares OutstandingSPM.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B
SPM.MI Yearly Total Debt VS Total AssetsSPM.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B

2.2 Solvency

  • SPM has an Altman-Z score of 2.39. This is not the best score and indicates that SPM is in the grey zone with still only limited risk for bankruptcy at the moment.
  • With a decent Altman-Z score value of 2.39, SPM is doing good in the industry, outperforming 75.00% of the companies in the same industry.
  • A Debt/Equity ratio of 0.88 indicates that SPM is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.88, SPM is doing worse than 69.44% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF N/A
Altman-Z 2.39
ROIC/WACC1.43
WACC7.14%
SPM.MI Yearly LT Debt VS Equity VS FCFSPM.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B

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 69.44% 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: 66.67% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.13
Quick Ratio 1.09
SPM.MI Yearly Current Assets VS Current LiabilitesSPM.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

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4

3. SPM.MI Growth Analysis

3.1 Past

  • SPM shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.14%.
  • Looking at the last year, SPM shows a small growth in Revenue. The Revenue has grown by 6.55% in the last year.
  • Measured over the past years, SPM shows a quite strong growth in Revenue. The Revenue has been growing by 15.94% on average per year.
EPS 1Y (TTM)7.14%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-20%
Revenue 1Y (TTM)6.55%
Revenue growth 3Y15.78%
Revenue growth 5Y15.94%
Sales Q2Q%2.17%

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.
  • The Revenue is expected to grow by 0.30% on average over the next years.
EPS Next Y61.41%
EPS Next 2Y38.85%
EPS Next 3Y25.73%
EPS Next 5Y17.14%
Revenue Next Year3.79%
Revenue Next 2Y1.15%
Revenue Next 3Y0.43%
Revenue Next 5Y0.3%

3.3 Evolution

  • 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.
SPM.MI Yearly Revenue VS EstimatesSPM.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B
SPM.MI Yearly EPS VS EstimatesSPM.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 -2 -4

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3

4. SPM.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 22.55, which indicates a rather expensive current 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 25.79, SPM is valued at the same level.
  • SPM is valuated correctly with a Price/Forward Earnings ratio of 13.97.
  • SPM's Price/Forward Earnings is on the same level as the industry average.
  • SPM's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.80.
Industry RankSector Rank
PE 22.55
Fwd PE 13.97
SPM.MI Price Earnings VS Forward Price EarningsSPM.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
SPM.MI Per share dataSPM.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

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.
  • SPM's earnings are expected to grow with 25.73% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.37
PEG (5Y)N/A
EPS Next 2Y38.85%
EPS Next 3Y25.73%

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5

5. SPM.MI Dividend Analysis

5.1 Amount

  • SPM has a Yearly Dividend Yield of 5.17%, which is a nice return.
  • SPM's Dividend Yield is a higher than the industry average which is at 3.17.
  • SPM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.91.
Industry RankSector Rank
Dividend Yield 5.17%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

DP0%
EPS Next 2Y38.85%
EPS Next 3Y25.73%
SPM.MI Yearly Income VS Free CF VS DividendSPM.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -1B -2B

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SPM.MI Fundamentals: All Metrics, Ratios and Statistics

SAIPEM SPA

BIT:SPM (3/18/2026, 7:00:00 PM)

3.382

+0.02 (+0.71%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-24
Earnings (Next)04-21
Inst Owners34.42%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap6.75B
Revenue(TTM)22.80B
Net Income(TTM)468.00M
Analysts81.82
Price Target3.37 (-0.35%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.17%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-33.41%
Min EPS beat(2)-38.6%
Max EPS beat(2)-28.21%
EPS beat(4)1
Avg EPS beat(4)-25.83%
Min EPS beat(4)-44.99%
Max EPS beat(4)8.5%
EPS beat(8)2
Avg EPS beat(8)-19.45%
EPS beat(12)5
Avg EPS beat(12)-7%
EPS beat(16)9
Avg EPS beat(16)10.75%
Revenue beat(2)1
Avg Revenue beat(2)2.38%
Min Revenue beat(2)-3.68%
Max Revenue beat(2)8.43%
Revenue beat(4)1
Avg Revenue beat(4)0.77%
Min Revenue beat(4)-3.68%
Max Revenue beat(4)8.43%
Revenue beat(8)4
Avg Revenue beat(8)2.91%
Revenue beat(12)8
Avg Revenue beat(12)4.17%
Revenue beat(16)12
Avg Revenue beat(16)5.87%
PT rev (1m)2.63%
PT rev (3m)6.25%
EPS NQ rev (1m)7.54%
EPS NQ rev (3m)7.54%
EPS NY rev (1m)-3.56%
EPS NY rev (3m)-7.29%
Revenue NQ rev (1m)1.35%
Revenue NQ rev (3m)1.35%
Revenue NY rev (1m)0.68%
Revenue NY rev (3m)0.01%
Valuation
Industry RankSector Rank
PE 22.55
Fwd PE 13.97
P/S 0.3
P/FCF N/A
P/OCF N/A
P/B 2.59
P/tB 3.48
EV/EBITDA N/A
EPS(TTM)0.15
EY4.44%
EPS(NY)0.24
Fwd EY7.16%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS11.42
BVpS1.31
TBVpS0.97
PEG (NY)0.37
PEG (5Y)N/A
Graham Number2.1
Profitability
Industry RankSector Rank
ROA 3.37%
ROE 17.94%
ROCE 16.82%
ROIC 10.21%
ROICexc 17.8%
ROICexgc 22%
OM 4.49%
PM (TTM) 2.05%
GM 27.58%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y66.37%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.54%
GM growth 5Y-5.49%
F-ScoreN/A
Asset Turnover1.64
Health
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.13
Quick Ratio 1.09
Altman-Z 2.39
F-ScoreN/A
WACC7.14%
ROIC/WACC1.43
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)7.14%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-20%
EPS Next Y61.41%
EPS Next 2Y38.85%
EPS Next 3Y25.73%
EPS Next 5Y17.14%
Revenue 1Y (TTM)6.55%
Revenue growth 3Y15.78%
Revenue growth 5Y15.94%
Sales Q2Q%2.17%
Revenue Next Year3.79%
Revenue Next 2Y1.15%
Revenue Next 3Y0.43%
Revenue Next 5Y0.3%
EBIT growth 1Y4.3%
EBIT growth 3Y92.63%
EBIT growth 5YN/A
EBIT Next Year182.35%
EBIT Next 3Y44.95%
EBIT Next 5Y21.68%
FCF growth 1YN/A
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1YN/A
OCF growth 3YN/A
OCF growth 5YN/A

SAIPEM SPA / SPM.MI Fundamental Analysis FAQ

What is the fundamental rating for SPM stock?

ChartMill assigns a fundamental rating of 3 / 10 to SPM.MI.


Can you provide the valuation status for SAIPEM SPA?

ChartMill assigns a valuation rating of 3 / 10 to SAIPEM SPA (SPM.MI). This can be considered as Overvalued.


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 22.55 and the Price/Book (PB) ratio is 2.59.


Can you provide the financial health for SPM stock?

The financial health rating of SAIPEM SPA (SPM.MI) is 3 / 10.