SAIPEM SPA (SPM.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:SPM - IT0005495657 - Common Stock
2.347 EUR
+0 (+0.17%)
SPM gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 39 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 is valued quite cheap, while showing a decent growth score. This is a good combination!
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.
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's Return On Assets of 2.20% is in line compared to the rest of the industry. SPM outperforms 41.03% of its industry peers.
SPM has a Return On Equity (11.73%) which is in line with its industry peers.
SPM has a Return On Invested Capital (6.28%) which is comparable to the rest of the industry.
SPM had an Average Return On Invested Capital over the past 3 years of 3.90%. This is significantly below the industry average of 10.99%.
The last Return On Invested Capital (6.28%) for SPM is above the 3 year average (3.90%), which is a sign of increasing profitability.
| 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
With a Profit Margin value of 2.10%, SPM is not doing good in the industry: 69.23% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of SPM has grown nicely.
With a Operating Margin value of 4.47%, SPM is not doing good in the industry: 76.92% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of SPM has declined.
SPM has a better Gross Margin (30.52%) than 64.10% 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 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
SPM has an Altman-Z score of 1.60. This is a bad value and indicates that SPM is not financially healthy and even has some risk of bankruptcy.
SPM has a Altman-Z score (1.60) which is comparable to the rest of the industry.
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 has a Debt to FCF ratio of 2.57. This is in the better half of the industry: SPM outperforms 71.79% of its industry peers.
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 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | 2.57 | ||
| Altman-Z | 1.6 |
ROIC/WACC0.88
WACC7.12%
2.3 Liquidity
A Current Ratio of 1.13 indicates that SPM should not have too much problems paying its short term obligations.
SPM's Current ratio of 1.13 is on the low side compared to the rest of the industry. SPM is outperformed by 66.67% 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 64.10% of its industry peers.
| 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.
SPM shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -19.00% yearly.
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)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 17.47% on average over the next years. This is quite good.
The Revenue is expected to grow by 0.77% on average over the next years.
EPS Next Y34.23%
EPS Next 2Y39.42%
EPS Next 3Y30.49%
EPS Next 5Y17.47%
Revenue Next Year6.8%
Revenue Next 2Y5.01%
Revenue Next 3Y2.87%
Revenue Next 5Y0.77%
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
A Price/Earnings ratio of 14.67 indicates a correct valuation of SPM.
SPM's Price/Earnings ratio is in line with the industry average.
SPM's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.31.
The Price/Forward Earnings ratio is 8.62, which indicates a very decent valuation of SPM.
Based on the Price/Forward Earnings ratio, SPM is valued a bit cheaper than the industry average as 61.54% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.59, SPM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.67 | ||
| Fwd PE | 8.62 |
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 84.62% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, SPM is valued cheaper than 82.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.19 | ||
| EV/EBITDA | 2.76 |
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 30.49% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.43
PEG (5Y)N/A
EPS Next 2Y39.42%
EPS Next 3Y30.49%
5. Dividend
5.1 Amount
SPM has a Yearly Dividend Yield of 7.26%, which is a nice return.
Compared to an average industry Dividend Yield of 7.40, SPM pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, SPM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.26% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DP0%
EPS Next 2Y39.42%
EPS Next 3Y30.49%
BIT:SPM (11/28/2025, 7:00:00 PM)
2.347
+0 (+0.17%)
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 Cap4.68B
Revenue(TTM)22.64B
Net Income(TTM)306.00M
Analysts81.82
Price Target3.15 (34.21%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.26% |
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)-0.68%
PT rev (3m)-0.91%
EPS NQ rev (1m)-1.38%
EPS NQ rev (3m)3.61%
EPS NY rev (1m)-10.12%
EPS NY rev (3m)-11.37%
Revenue NQ rev (1m)0.15%
Revenue NQ rev (3m)-0.28%
Revenue NY rev (1m)-0.67%
Revenue NY rev (3m)-0.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.67 | ||
| Fwd PE | 8.62 | ||
| P/S | 0.32 | ||
| P/FCF | 4.19 | ||
| P/OCF | 3.23 | ||
| P/B | 1.8 | ||
| P/tB | 2.41 | ||
| EV/EBITDA | 2.76 |
EPS(TTM)0.16
EY6.82%
EPS(NY)0.27
Fwd EY11.59%
FCF(TTM)0.56
FCFY23.87%
OCF(TTM)0.73
OCFY30.92%
SpS7.29
BVpS1.31
TBVpS0.97
PEG (NY)0.43
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 | 1.6 |
F-Score8
WACC7.12%
ROIC/WACC0.88
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 Y34.23%
EPS Next 2Y39.42%
EPS Next 3Y30.49%
EPS Next 5Y17.47%
Revenue 1Y (TTM)22.44%
Revenue growth 3Y30.62%
Revenue growth 5Y9.81%
Sales Q2Q%1.59%
Revenue Next Year6.8%
Revenue Next 2Y5.01%
Revenue Next 3Y2.87%
Revenue Next 5Y0.77%
EBIT growth 1Y44.35%
EBIT growth 3YN/A
EBIT growth 5Y4.44%
EBIT Next Year160.18%
EBIT Next 3Y44.43%
EBIT Next 5Y22.66%
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%.