SAIPEM SPA (SPM.MI) Stock Fundamental Analysis
Europe - BIT:SPM - IT0005495657 - Common Stock
2.293 EUR
-0.03 (-1.5%)
SPM gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 37 industry peers in the Energy Equipment & Services industry. SPM has only an average score on both its financial health and profitability. 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.
In the past year SPM had a positive cash flow from operations.
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
The Return On Assets of SPM (2.20%) is comparable to the rest of the industry.
The Return On Equity of SPM (11.73%) is comparable to the rest of the industry.
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 11.08%.
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 has a worse Profit Margin (2.10%) than 70.27% of its industry peers.
SPM's Profit Margin has improved in the last couple of years.
SPM's Operating Margin of 4.47% is on the low side compared to the rest of the industry. SPM is outperformed by 78.38% of its industry peers.
SPM's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 30.52%, SPM is in the better half of the industry, outperforming 64.86% of the companies in the same industry.
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
SPM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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.
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.
With a Altman-Z score value of 1.60, SPM perfoms like the industry average, outperforming 59.46% of the companies in the same industry.
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.
SPM has a better Debt to FCF ratio (2.57) than 72.97% of its industry peers.
A Debt/Equity ratio of 0.88 indicates that SPM is somewhat dependend on debt financing.
SPM has a worse Debt to Equity ratio (0.88) than 67.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | 2.57 | ||
| Altman-Z | 1.6 |
ROIC/WACC0.89
WACC7.05%
2.3 Liquidity
A Current Ratio of 1.13 indicates that SPM should not have too much problems paying its short term obligations.
The Current ratio of SPM (1.13) is worse than 67.57% of its industry peers.
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.
Looking at the Quick ratio, with a value of 1.09, SPM is doing worse than 64.86% of the companies in the same industry.
| 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.
Measured over the past years, SPM shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -19.00% on average per year.
SPM shows a strong growth in Revenue. In the last year, the Revenue has grown by 22.44%.
SPM shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.81% yearly.
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 20.28% on average over the next years. This is a very strong growth
SPM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.69% yearly.
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
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
With a Price/Earnings ratio of 14.33, SPM is valued correctly.
SPM's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 25.89. SPM is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 8.43, 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 62.16% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of SPM to the average of the S&P500 Index (34.59), we can say SPM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.33 | ||
| Fwd PE | 8.43 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SPM is valued cheaply inside the industry as 86.49% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, SPM is valued cheaper than 83.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.09 | ||
| EV/EBITDA | 2.68 |
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)0.42
PEG (5Y)N/A
EPS Next 2Y39.42%
EPS Next 3Y30.49%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.30%, SPM is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.54, SPM pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.44, SPM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.3% |
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 (11/14/2025, 7:00:00 PM)
2.293
-0.03 (-1.5%)
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 Cap4.58B
Revenue(TTM)22.64B
Net Income(TTM)306.00M
Analysts81.82
Price Target3.14 (36.94%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.3% |
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)-0.87%
PT rev (3m)-1.31%
EPS NQ rev (1m)-1.38%
EPS NQ rev (3m)4.88%
EPS NY rev (1m)-10.12%
EPS NY rev (3m)-14.67%
Revenue NQ rev (1m)0.15%
Revenue NQ rev (3m)-0.86%
Revenue NY rev (1m)-0.67%
Revenue NY rev (3m)-0.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.33 | ||
| Fwd PE | 8.43 | ||
| P/S | 0.31 | ||
| P/FCF | 4.09 | ||
| P/OCF | 3.16 | ||
| P/B | 1.75 | ||
| P/tB | 2.36 | ||
| EV/EBITDA | 2.68 |
EPS(TTM)0.16
EY6.98%
EPS(NY)0.27
Fwd EY11.87%
FCF(TTM)0.56
FCFY24.43%
OCF(TTM)0.73
OCFY31.64%
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 | 1.6 |
F-Score8
WACC7.05%
ROIC/WACC0.89
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%.