SAIPEM SPA (SPM.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:SPM - IT0005495657 - Common Stock
2.299 EUR
+0.04 (+1.68%)
We assign a fundamental rating of 5 out of 10 to SPM. SPM was compared to 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. A decent growth rate in combination with a cheap valuation! Better keep an eye on SPM.
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 Return On Assets (2.20%) which is in line with its industry peers.
The Return On Equity of SPM (11.73%) is comparable to the rest of the industry.
SPM's Return On Invested Capital of 6.28% is in line compared to the rest of the industry. SPM outperforms 41.03% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SPM is significantly below the industry average of 10.99%.
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's Profit Margin of 2.10% is on the low side compared to the rest of the industry. SPM is outperformed by 69.23% of its industry peers.
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's Gross Margin of 30.52% is fine compared to the rest of the industry. SPM outperforms 64.10% 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
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.
SPM has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, SPM has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.59, we must say that SPM is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of SPM (1.59) 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's Debt to FCF ratio of 2.57 is fine compared to the rest 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.
With a Debt to Equity ratio value of 0.88, SPM is not doing good in the industry: 66.67% 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/WACC0.88
WACC7.1%
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 worse Current ratio (1.13) than 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.
With a Quick ratio value of 1.09, SPM is not doing good in the industry: 64.10% of the companies in the same industry are doing better.
| 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.
The Revenue has grown by 22.44% in the past year. This is a very strong growth!
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
Based on estimates for the next years, SPM will show a very strong growth in Earnings Per Share. The EPS will grow by 20.28% on average per year.
Based on estimates for the next years, SPM will show a small growth in Revenue. The Revenue will grow by 1.69% on average per year.
EPS Next Y34.23%
EPS Next 2Y39.42%
EPS Next 3Y30.49%
EPS Next 5Y20.28%
Revenue Next Year6.8%
Revenue Next 2Y5.01%
Revenue Next 3Y2.87%
Revenue Next 5Y1.69%
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
The Price/Earnings ratio is 14.37, which indicates a correct valuation of SPM.
SPM's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 25.47. SPM is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 8.45, the valuation of SPM can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SPM indicates a somewhat cheap valuation: SPM is cheaper than 64.10% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of SPM to the average of the S&P500 Index (34.42), we can say SPM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.37 | ||
| Fwd PE | 8.45 |
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 cheaply inside the industry as 82.05% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.1 | ||
| EV/EBITDA | 2.64 |
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 30.49% in the coming years.
PEG (NY)0.42
PEG (5Y)N/A
EPS Next 2Y39.42%
EPS Next 3Y30.49%
5. Dividend
5.1 Amount
SPM has a Yearly Dividend Yield of 7.40%, which is a nice return.
SPM's Dividend Yield is a higher than the industry average which is at 7.32.
Compared to an average S&P500 Dividend Yield of 2.41, SPM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.4% |
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 (11/24/2025, 3:30:09 PM)
2.299
+0.04 (+1.68%)
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 Cap4.59B
Revenue(TTM)22.64B
Net Income(TTM)306.00M
Analysts81.82
Price Target3.15 (37.02%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.4% |
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)4.88%
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 | 14.37 | ||
| Fwd PE | 8.45 | ||
| P/S | 0.32 | ||
| P/FCF | 4.1 | ||
| P/OCF | 3.17 | ||
| P/B | 1.76 | ||
| P/tB | 2.36 | ||
| EV/EBITDA | 2.64 |
EPS(TTM)0.16
EY6.96%
EPS(NY)0.27
Fwd EY11.84%
FCF(TTM)0.56
FCFY24.37%
OCF(TTM)0.73
OCFY31.56%
SpS7.29
BVpS1.31
TBVpS0.97
PEG (NY)0.42
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
WACC7.1%
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 5Y20.28%
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 5Y1.69%
EBIT growth 1Y44.35%
EBIT growth 3YN/A
EBIT growth 5Y4.44%
EBIT Next Year160.18%
EBIT Next 3Y44.43%
EBIT Next 5Y24.97%
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%.