SAIPEM SPA (SPM.MI) Stock Fundamental Analysis

BIT:SPM • IT0005495657

3.439 EUR
-0.06 (-1.83%)
Last: Feb 26, 2026, 11:17 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Overall SPM gets a fundamental rating of 4 out of 10. We evaluated SPM against 36 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 has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

4

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.
  • SPM had a positive operating cash flow in 4 of the past 5 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 0 1B -1B -2B

1.2 Ratios

  • SPM has a worse Return On Assets (2.20%) than 66.67% of its industry peers.
  • The Return On Equity of SPM (11.73%) is better than 61.11% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 6.28%, SPM is in line with its industry, outperforming 44.44% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for SPM is significantly below the industry average of 10.18%.
  • The 3 year average ROIC (3.90%) for SPM is below the current ROIC(6.28%), indicating increased profibility in the last year.
Industry RankSector 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
SPM.MI Yearly ROA, ROE, ROICSPM.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -200 -400 -600

1.3 Margins

  • SPM has a Profit Margin of 2.10%. This is in the lower half of the industry: SPM underperforms 72.22% of its industry peers.
  • SPM's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 4.47%, SPM is doing worse than 75.00% of the companies in the same industry.
  • In the last couple of years the Operating Margin of SPM has declined.
  • The Gross Margin of SPM (30.52%) is better than 61.11% of its industry peers.
  • SPM's Gross Margin has declined in the last couple of years.
Industry RankSector 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%
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 0 20 -20

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

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.
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

  • Based on the Altman-Z score of 1.72, we must say that SPM is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of SPM (1.72) is better than 75.00% of its industry peers.
  • The Debt to FCF ratio of SPM is 2.57, which is a good value as it means it would take SPM, 2.57 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of SPM (2.57) is better than 72.22% of its industry peers.
  • SPM has a Debt/Equity ratio of 0.88. This is a neutral value indicating 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 RankSector Rank
Debt/Equity 0.88
Debt/FCF 2.57
Altman-Z 1.72
ROIC/WACC0.88
WACC7.1%
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.
  • Looking at the Current ratio, with a value of 1.13, SPM is doing worse than 72.22% of the companies in the same industry.
  • 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 69.44% of its industry peers.
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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

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.
  • Looking at the last year, SPM shows a very strong growth in Revenue. 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 17.58% on average over the next years. This is quite good.
  • SPM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.93% yearly.
EPS Next Y26.09%
EPS Next 2Y33.91%
EPS Next 3Y27.01%
EPS Next 5Y17.58%
Revenue Next Year6.5%
Revenue Next 2Y5.32%
Revenue Next 3Y2.77%
Revenue Next 5Y0.93%

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.
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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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 21.49, the valuation of SPM can be described as rather expensive.
  • Based on the Price/Earnings ratio, SPM is valued a bit more expensive than 61.11% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.05, SPM is valued a bit cheaper.
  • With a Price/Forward Earnings ratio of 13.70, SPM is valued correctly.
  • The rest of the industry has a similar Price/Forward Earnings ratio as SPM.
  • The average S&P500 Price/Forward Earnings ratio is at 28.03. SPM is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 21.49
Fwd PE 13.7
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

  • 72.22% of the companies in the same industry are more expensive than SPM, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of SPM indicates a rather cheap valuation: SPM is cheaper than 83.33% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 6.14
EV/EBITDA 4.33
SPM.MI Per share dataSPM.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

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 27.01% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.82
PEG (5Y)N/A
EPS Next 2Y33.91%
EPS Next 3Y27.01%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • SPM has a Yearly Dividend Yield of 4.86%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.18, 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 1.80.
Industry RankSector Rank
Dividend Yield 4.86%

5.2 History

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

5.3 Sustainability

DP0%
EPS Next 2Y33.91%
EPS Next 3Y27.01%
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 0 -1B -2B

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Find the best dividend stocksShow peers with best dividend

SAIPEM SPA

BIT:SPM (2/26/2026, 11:17:41 AM)

3.439

-0.06 (-1.83%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)10-22
Earnings (Next)02-24
Inst Owners32.09%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap6.86B
Revenue(TTM)22.64B
Net Income(TTM)306.00M
Analysts83.64
Price Target3.28 (-4.62%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.86%
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)2.8%
PT rev (3m)4.12%
EPS NQ rev (1m)-1.38%
EPS NQ rev (3m)-1.38%
EPS NY rev (1m)0%
EPS NY rev (3m)-6.06%
Revenue NQ rev (1m)0.15%
Revenue NQ rev (3m)0.15%
Revenue NY rev (1m)0.27%
Revenue NY rev (3m)-0.28%
Valuation
Industry RankSector Rank
PE 21.49
Fwd PE 13.7
P/S 0.47
P/FCF 6.14
P/OCF 4.74
P/B 2.63
P/tB 3.54
EV/EBITDA 4.33
EPS(TTM)0.16
EY4.65%
EPS(NY)0.25
Fwd EY7.3%
FCF(TTM)0.56
FCFY16.29%
OCF(TTM)0.73
OCFY21.1%
SpS7.29
BVpS1.31
TBVpS0.97
PEG (NY)0.82
PEG (5Y)N/A
Graham Number2.17
Profitability
Industry RankSector 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 RankSector 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 1.72
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 Y26.09%
EPS Next 2Y33.91%
EPS Next 3Y27.01%
EPS Next 5Y17.58%
Revenue 1Y (TTM)22.44%
Revenue growth 3Y30.62%
Revenue growth 5Y9.81%
Sales Q2Q%1.59%
Revenue Next Year6.5%
Revenue Next 2Y5.32%
Revenue Next 3Y2.77%
Revenue Next 5Y0.93%
EBIT growth 1Y44.35%
EBIT growth 3YN/A
EBIT growth 5Y4.44%
EBIT Next Year163.93%
EBIT Next 3Y44.82%
EBIT Next 5Y22.67%
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 4 / 10 to SPM.MI.


Can you provide the valuation status for SAIPEM SPA?

ChartMill assigns a valuation rating of 5 / 10 to SAIPEM SPA (SPM.MI). This can be considered as Fairly Valued.


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 21.49 and the Price/Book (PB) ratio is 2.63.


Can you provide the financial health for SPM stock?

The financial health rating of SAIPEM SPA (SPM.MI) is 4 / 10.