SAIPEM SPA (SPM.MI) Stock Fundamental Analysis
Europe - BIT:SPM - IT0005495657 - Common Stock
2.375 EUR
-0.05 (-2.14%)
SPM gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 35 industry peers in the Energy Equipment & Services industry. SPM has an average financial health and profitability rating. SPM is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year SPM was profitable.
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 (2.20%) which is comparable to the rest of the industry.
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 10.46%.
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
The Profit Margin of SPM (2.10%) is worse than 62.86% of its industry peers.
In the last couple of years the Profit Margin of SPM has grown nicely.
SPM's Operating Margin of 4.47% is on the low side compared to the rest of the industry. SPM is outperformed by 80.00% of its industry peers.
SPM's Operating Margin has declined in the last couple of years.
SPM's Gross Margin of 30.52% is fine compared to the rest of the industry. SPM outperforms 68.57% 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
SPM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, SPM has less shares outstanding
The number of shares outstanding for SPM has been increased compared to 5 years ago.
SPM has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.61, we must say that SPM is in the distress zone and has some risk of bankruptcy.
SPM has a better Altman-Z score (1.61) than 62.86% 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 80.00% 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: 65.71% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | 2.57 | ||
| Altman-Z | 1.61 |
ROIC/WACC0.92
WACC6.82%
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.
Looking at the Current ratio, with a value of 1.13, SPM is doing worse than 65.71% of the companies in the same industry.
SPM has a Quick Ratio of 1.09. This is a normal value and indicates that SPM is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.09, SPM is not doing good in the industry: 62.86% 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
SPM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 34.45%, which is quite impressive.
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)34.45%
EPS 3YN/A
EPS 5Y-19%
EPS Q2Q%0%
Revenue 1Y (TTM)22.44%
Revenue growth 3Y30.62%
Revenue growth 5Y9.81%
Sales Q2Q%9.55%
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
The Revenue is expected to grow by 0.83% on average over the next years.
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
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 14.84, which 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 27.55.
Based on the Price/Forward Earnings ratio of 8.17, the valuation of SPM can be described as reasonable.
SPM's Price/Forward Earnings is on the same level as the industry average.
SPM's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.04.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.84 | ||
| Fwd PE | 8.17 |
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 85.71% of the companies listed in the same industry.
77.14% of the companies in the same industry are more expensive than SPM, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.24 | ||
| EV/EBITDA | 2.87 |
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 33.05% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.3
PEG (5Y)N/A
EPS Next 2Y44.13%
EPS Next 3Y33.05%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.67%, SPM is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.09, SPM pays a bit more dividend than its industry peers.
SPM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.43.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.67% |
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 (10/15/2025, 7:00:00 PM)
2.375
-0.05 (-2.14%)
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 Cap4.74B
Analysts81.82
Price Target3.17 (33.47%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.67% |
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)-0.23%
PT rev (3m)0.61%
EPS NQ rev (1m)0.24%
EPS NQ rev (3m)6.36%
EPS NY rev (1m)-1.4%
EPS NY rev (3m)-5.07%
Revenue NQ rev (1m)-0.36%
Revenue NQ rev (3m)1.66%
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)0.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.84 | ||
| Fwd PE | 8.17 | ||
| P/S | 0.33 | ||
| P/FCF | 4.24 | ||
| P/OCF | 3.27 | ||
| P/B | 1.82 | ||
| P/tB | 2.44 | ||
| EV/EBITDA | 2.87 |
EPS(TTM)0.16
EY6.74%
EPS(NY)0.29
Fwd EY12.25%
FCF(TTM)0.56
FCFY23.59%
OCF(TTM)0.73
OCFY30.55%
SpS7.29
BVpS1.31
TBVpS0.97
PEG (NY)0.3
PEG (5Y)N/A
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
ROICexcg growth 3YN/A
ROICexcg 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 | 1.61 |
F-Score8
WACC6.82%
ROIC/WACC0.92
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)34.45%
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%9.55%
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%