SAIPEM SPA (SPM.MI) Stock Fundamental Analysis
Europe - BIT:SPM - IT0005495657 - Common Stock
2.215 EUR
-0.04 (-1.73%)
Taking everything into account, SPM scores 5 out of 10 in our fundamental rating. SPM was compared to 37 industry peers in the Energy Equipment & Services industry. Both the profitability and the financial health of SPM get a neutral evaluation. Nothing too spectacular is happening here. SPM may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
SPM had positive earnings in the past year.
SPM had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: SPM reported negative net income in multiple years.
Of the past 5 years SPM 4 years had a positive operating cash flow.
1.2 Ratios
SPM has a Return On Assets of 2.20%. This is comparable to the rest of the industry: SPM outperforms 40.54% of its industry peers.
The Return On Equity of SPM (11.73%) is comparable to the rest of the industry.
SPM has a Return On Invested Capital (6.28%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for SPM is significantly below the industry average of 10.66%.
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
Looking at the Profit Margin, with a value of 2.10%, SPM is doing worse than 64.86% of the companies in the same industry.
SPM's Profit Margin has improved in the last couple of years.
The Operating Margin of SPM (4.47%) is worse than 78.38% of its industry peers.
In the last couple of years the Operating Margin of SPM has declined.
SPM has a better Gross Margin (30.52%) than 67.57% 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.
Compared to 1 year ago, SPM has less shares outstanding
SPM has more shares outstanding than it did 5 years ago.
SPM has a better debt/assets ratio than last year.
2.2 Solvency
SPM has an Altman-Z score of 1.59. 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 1.59 is fine compared to the rest of the industry. SPM outperforms 62.16% 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.
SPM's Debt to FCF ratio of 2.57 is fine compared to the rest of the industry. SPM outperforms 78.38% of its industry peers.
A Debt/Equity ratio of 0.88 indicates that 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: 67.57% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | 2.57 | ||
| Altman-Z | 1.59 |
ROIC/WACC0.89
WACC7.09%
2.3 Liquidity
A Current Ratio of 1.13 indicates that SPM should not have too much problems paying its short term obligations.
With a Current ratio value of 1.13, SPM is not doing good in the industry: 67.57% 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.
Looking at the Quick ratio, with a value of 1.09, SPM is doing worse than 62.16% of the companies in the same 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 14.29%, which is quite good.
Measured over the past years, SPM shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -19.00% on average per year.
The Revenue has grown by 22.44% in the past year. This is a very strong growth!
SPM shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.81% yearly.
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
The Earnings Per Share is expected to grow by 20.28% on average over the next years. This is a very strong growth
Based on estimates for the next years, SPM will show a small growth in Revenue. The Revenue will grow by 0.83% on average per year.
EPS Next Y49.34%
EPS Next 2Y44.13%
EPS Next 3Y33.05%
EPS Next 5Y20.28%
Revenue Next Year7.53%
Revenue Next 2Y5.13%
Revenue Next 3Y2.92%
Revenue Next 5Y0.83%
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
A Price/Earnings ratio of 13.84 indicates a correct valuation of SPM.
SPM's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 26.03. SPM is valued slightly cheaper when compared to this.
SPM is valuated cheaply with a Price/Forward Earnings ratio of 7.62.
The rest of the industry has a similar Price/Forward Earnings ratio as SPM.
SPM's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.84 | ||
| Fwd PE | 7.62 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SPM indicates a rather cheap valuation: SPM is cheaper than 86.49% of the companies listed in the same industry.
SPM's Price/Free Cash Flow ratio is rather cheap when compared to the industry. SPM is cheaper than 86.49% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.95 | ||
| EV/EBITDA | 2.63 |
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 33.05% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.28
PEG (5Y)N/A
EPS Next 2Y44.13%
EPS Next 3Y33.05%
5. Dividend
5.1 Amount
SPM has a Yearly Dividend Yield of 7.46%, which is a nice return.
SPM's Dividend Yield is a higher than the industry average which is at 7.26.
SPM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.46% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DP0%
EPS Next 2Y44.13%
EPS Next 3Y33.05%
BIT:SPM (11/5/2025, 5:35:30 PM)
2.215
-0.04 (-1.73%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners23.46%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap4.42B
Revenue(TTM)22.64B
Net Income(TTM)306.00M
Analysts81.82
Price Target3.14 (41.76%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.46% |
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)-1.1%
PT rev (3m)-1.16%
EPS NQ rev (1m)3.37%
EPS NQ rev (3m)4.88%
EPS NY rev (1m)0%
EPS NY rev (3m)-5.07%
Revenue NQ rev (1m)0.13%
Revenue NQ rev (3m)-0.86%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.84 | ||
| Fwd PE | 7.62 | ||
| P/S | 0.3 | ||
| P/FCF | 3.95 | ||
| P/OCF | 3.05 | ||
| P/B | 1.69 | ||
| P/tB | 2.28 | ||
| EV/EBITDA | 2.63 |
EPS(TTM)0.16
EY7.22%
EPS(NY)0.29
Fwd EY13.13%
FCF(TTM)0.56
FCFY25.29%
OCF(TTM)0.73
OCFY32.76%
SpS7.29
BVpS1.31
TBVpS0.97
PEG (NY)0.28
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 | 1.59 |
F-Score8
WACC7.09%
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 Y49.34%
EPS Next 2Y44.13%
EPS Next 3Y33.05%
EPS Next 5Y20.28%
Revenue 1Y (TTM)22.44%
Revenue growth 3Y30.62%
Revenue growth 5Y9.81%
Sales Q2Q%1.59%
Revenue Next Year7.53%
Revenue Next 2Y5.13%
Revenue Next 3Y2.92%
Revenue Next 5Y0.83%
EBIT growth 1Y44.35%
EBIT growth 3YN/A
EBIT growth 5Y4.44%
EBIT Next Year160.18%
EBIT Next 3Y44.43%
EBIT Next 5Y22.48%
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 5 / 10 to SPM.MI.
What is the valuation status of SAIPEM SPA (SPM.MI) stock?
ChartMill assigns a valuation rating of 7 / 10 to SAIPEM SPA (SPM.MI). This can be considered as Undervalued.
How profitable is SAIPEM SPA (SPM.MI) stock?
SAIPEM SPA (SPM.MI) has a profitability rating of 4 / 10.
What is the financial health of SAIPEM SPA (SPM.MI) stock?
The financial health rating of SAIPEM SPA (SPM.MI) is 4 / 10.
Is the dividend of SAIPEM SPA sustainable?
The dividend rating of SAIPEM SPA (SPM.MI) is 5 / 10 and the dividend payout ratio is 0%.