SAIPEM SPA (SPM.MI) Stock Fundamental Analysis
BIT:SPM - Euronext Milan - IT0005495657 - Common Stock - Currency: EUR
Taking everything into account, SPM scores 3 out of 10 in our fundamental rating. SPM was compared to 35 industry peers in the Energy Equipment & Services industry. SPM has a bad profitability rating. Also its financial health evaluation is rather negative. SPM has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year SPM was profitable.
The reported net income has been mixed in the past 5 years: SPM reported negative net income in multiple years.
In multiple years SPM reported negative operating cash flow during the last 5 years.
1.2 Ratios
SPM's Return On Assets of 2.24% is on the low side compared to the rest of the industry. SPM is outperformed by 71.43% of its industry peers.
Looking at the Return On Equity, with a value of 12.65%, SPM is in the better half of the industry, outperforming 62.86% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 6.32%, SPM is in line with its industry, outperforming 42.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.24% | ||
| ROE | 12.65% | ||
| ROIC | 6.32% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
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 77.14% of its industry peers.
SPM's Profit Margin has improved in the last couple of years.
SPM has a worse Operating Margin (4.16%) than 80.00% of its industry peers.
In the last couple of years the Operating Margin of SPM has declined.
SPM has a Gross Margin (23.28%) which is comparable to the rest of the industry.
SPM's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.16% | ||
| PM (TTM) | 2.1% | ||
| GM | 23.28% |
OM growth 3YN/A
OM growth 5Y-6.25%
PM growth 3YN/A
PM growth 5Y74.04%
GM growth 3Y1.69%
GM growth 5Y-8.55%
2. Health
2.1 Basic Checks
SPM has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
SPM has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
SPM has an Altman-Z score of 1.54. This is a bad value and indicates that SPM is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.54, SPM is in the better half of the industry, outperforming 77.14% of the companies in the same industry.
A Debt/Equity ratio of 0.94 indicates that SPM is somewhat dependend on debt financing.
SPM's Debt to Equity ratio of 0.94 is on the low side compared to the rest of the industry. SPM is outperformed by 62.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.94 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.54 |
ROIC/WACC1.01
WACC6.28%
2.3 Liquidity
SPM has a Current Ratio of 1.10. This is a normal value and indicates that SPM is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of SPM (1.10) is worse than 65.71% of its industry peers.
A Quick Ratio of 1.06 indicates that SPM should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.06, SPM perfoms like the industry average, outperforming 42.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.1 | ||
| Quick Ratio | 1.06 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 65.37% over the past year.
SPM shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 38.39% yearly.
The Revenue has grown by 22.46% in the past year. This is a very strong growth!
Measured over the past years, SPM shows a quite strong growth in Revenue. The Revenue has been growing by 9.82% on average per year.
EPS 1Y (TTM)65.37%
EPS 3YN/A
EPS 5Y38.39%
EPS Q2Q%29.57%
Revenue 1Y (TTM)22.46%
Revenue growth 3Y30.62%
Revenue growth 5Y9.82%
Sales Q2Q%131.64%
3.2 Future
The Earnings Per Share is expected to grow by 15.03% on average over the next years. This is quite good.
The Revenue is expected to decrease by -0.16% on average over the next years.
EPS Next Y58.67%
EPS Next 2Y44.88%
EPS Next 3Y29.85%
EPS Next 5Y15.03%
Revenue Next Year8.71%
Revenue Next 2Y5.76%
Revenue Next 3Y4.33%
Revenue Next 5Y-0.16%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
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
Based on the Price/Earnings ratio of 13.57, the valuation of SPM can be described as correct.
SPM's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 29.35, SPM is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 8.11, the valuation of SPM can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SPM indicates a somewhat cheap valuation: SPM is cheaper than 62.86% 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 (22.10), we can say SPM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.57 | ||
| Fwd PE | 8.11 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
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 29.85% in the coming years.
PEG (NY)0.23
PEG (5Y)0.35
EPS Next 2Y44.88%
EPS Next 3Y29.85%
5. Dividend
5.1 Amount
No dividends for SPM!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
BIT:SPM (3/7/2025, 7:00:00 PM)
2.035
+0.05 (+2.65%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners22.19%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap4.06B
Analysts82.61
Price Target3.2 (57.25%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)52.19%
Min Revenue beat(2)7.84%
Max Revenue beat(2)96.54%
Revenue beat(4)3
Avg Revenue beat(4)27.33%
Min Revenue beat(4)-0.23%
Max Revenue beat(4)96.54%
Revenue beat(8)7
Avg Revenue beat(8)17.01%
Revenue beat(12)11
Avg Revenue beat(12)15%
Revenue beat(16)13
Avg Revenue beat(16)21.52%
PT rev (1m)1.76%
PT rev (3m)3.01%
EPS NQ rev (1m)0%
EPS NQ rev (3m)36.99%
EPS NY rev (1m)-0.69%
EPS NY rev (3m)4.04%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.84%
Revenue NY rev (1m)3.2%
Revenue NY rev (3m)5.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.57 | ||
| Fwd PE | 8.11 | ||
| P/S | 0.28 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 1.68 | ||
| P/tB | 2.31 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.15
EY7.37%
EPS(NY)0.25
Fwd EY12.33%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS7.29
BVpS1.21
TBVpS0.88
PEG (NY)0.23
PEG (5Y)0.35
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.24% | ||
| ROE | 12.65% | ||
| ROCE | 10.87% | ||
| ROIC | 6.32% | ||
| ROICexc | 11.73% | ||
| ROICexgc | 15% | ||
| OM | 4.16% | ||
| PM (TTM) | 2.1% | ||
| GM | 23.28% | ||
| FCFM | N/A |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5Y-6.25%
PM growth 3YN/A
PM growth 5Y74.04%
GM growth 3Y1.69%
GM growth 5Y-8.55%
F-ScoreN/A
Asset Turnover1.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.94 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.1 | ||
| Quick Ratio | 1.06 | ||
| Altman-Z | 1.54 |
F-ScoreN/A
WACC6.28%
ROIC/WACC1.01
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)65.37%
EPS 3YN/A
EPS 5Y38.39%
EPS Q2Q%29.57%
EPS Next Y58.67%
EPS Next 2Y44.88%
EPS Next 3Y29.85%
EPS Next 5Y15.03%
Revenue 1Y (TTM)22.46%
Revenue growth 3Y30.62%
Revenue growth 5Y9.82%
Sales Q2Q%131.64%
Revenue Next Year8.71%
Revenue Next 2Y5.76%
Revenue Next 3Y4.33%
Revenue Next 5Y-0.16%
EBIT growth 1Y34.37%
EBIT growth 3YN/A
EBIT growth 5Y2.95%
EBIT Next Year151.67%
EBIT Next 3Y42.91%
EBIT Next 5Y29.19%
FCF growth 1YN/A
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1YN/A
OCF growth 3YN/A
OCF growth 5YN/A