SAIPEM SPA (SPM.MI) Fundamental Analysis & Valuation

BIT:SPM • IT0005495657

Current stock price

3.998 EUR
+0.11 (+2.8%)
Last:

This SPM.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. SPM.MI Profitability Analysis

1.1 Basic Checks

  • SPM had positive earnings in the past year.
  • The reported net income has been mixed in the past 5 years: SPM reported negative net income in multiple years.
  • The reported operating cash flow has been mixed in the past 5 years: SPM reported negative operating cash flow in multiple 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 2025 0 1B -1B -2B

1.2 Ratios

  • SPM has a Return On Assets (3.37%) which is comparable to the rest of the industry.
  • SPM has a Return On Equity of 17.94%. This is in the better half of the industry: SPM outperforms 71.43% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 10.21%, SPM is in the better half of the industry, outperforming 68.57% of the companies in the same industry.
Industry RankSector Rank
ROA 3.37%
ROE 17.94%
ROIC 10.21%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
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 2025 0 -200 -400 -600

1.3 Margins

  • With a Profit Margin value of 2.05%, SPM is not doing good in the industry: 68.57% of the companies in the same industry are doing better.
  • SPM's Operating Margin of 4.49% is on the low side compared to the rest of the industry. SPM is outperformed by 74.29% of its industry peers.
  • SPM's Operating Margin has improved in the last couple of years.
  • SPM has a Gross Margin of 27.58%. This is comparable to the rest of the industry: SPM outperforms 57.14% of its industry peers.
  • SPM's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 4.49%
PM (TTM) 2.05%
GM 27.58%
OM growth 3Y66.37%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.54%
GM growth 5Y-5.49%
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 2025 0 20 -20

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3

2. SPM.MI Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SPM is still creating some value.
  • There is no outstanding debt for SPM. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
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

  • An Altman-Z score of 2.45 indicates that SPM is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • SPM has a better Altman-Z score (2.45) than 77.14% of its industry peers.
  • A Debt/Equity ratio of 0.88 indicates that SPM is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.88, SPM is doing worse than 68.57% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF N/A
Altman-Z 2.45
ROIC/WACC1.46
WACC6.97%
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.
  • The Current ratio of SPM (1.13) is worse than 68.57% of its industry peers.
  • A Quick Ratio of 1.09 indicates that SPM should not have too much problems paying its short term obligations.
  • The Quick ratio of SPM (1.09) is worse than 65.71% 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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4

3. SPM.MI Growth Analysis

3.1 Past

  • SPM shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.14%.
  • SPM shows a small growth in Revenue. In the last year, the Revenue has grown by 6.55%.
  • The Revenue has been growing by 15.94% on average over the past years. This is quite good.
EPS 1Y (TTM)7.14%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-20%
Revenue 1Y (TTM)6.55%
Revenue growth 3Y15.78%
Revenue growth 5Y15.94%
Sales Q2Q%2.17%

3.2 Future

  • The Earnings Per Share is expected to grow by 17.14% on average over the next years. This is quite good.
  • Based on estimates for the next years, SPM will show a small growth in Revenue. The Revenue will grow by 0.30% on average per year.
EPS Next Y61.41%
EPS Next 2Y38.85%
EPS Next 3Y25.73%
EPS Next 5Y17.14%
Revenue Next Year3.79%
Revenue Next 2Y1.15%
Revenue Next 3Y0.43%
Revenue Next 5Y0.3%

3.3 Evolution

  • 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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3

4. SPM.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 26.65, the valuation of SPM can be described as expensive.
  • SPM's Price/Earnings ratio is in line with the industry average.
  • SPM's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.51.
  • The Price/Forward Earnings ratio is 16.51, which indicates a correct valuation of SPM.
  • The rest of the industry has a similar Price/Forward Earnings ratio as SPM.
  • SPM's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.76.
Industry RankSector Rank
PE 26.65
Fwd PE 16.51
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

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
SPM.MI Per share dataSPM.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

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 25.73% in the coming years.
PEG (NY)0.43
PEG (5Y)N/A
EPS Next 2Y38.85%
EPS Next 3Y25.73%

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5

5. SPM.MI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.46%, SPM is a good candidate for dividend investing.
  • SPM's Dividend Yield is a higher than the industry average which is at 3.06.
  • Compared to an average S&P500 Dividend Yield of 1.89, SPM pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.46%

5.2 History

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

5.3 Sustainability

DP0%
EPS Next 2Y38.85%
EPS Next 3Y25.73%
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 2025 0 -1B -2B

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SPM.MI Fundamentals: All Metrics, Ratios and Statistics

SAIPEM SPA

BIT:SPM (4/2/2026, 5:07:57 PM)

3.998

+0.11 (+2.8%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-24
Earnings (Next)04-21
Inst Owners34.42%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap7.98B
Revenue(TTM)22.80B
Net Income(TTM)468.00M
Analysts81.82
Price Target3.78 (-5.45%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.46%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-33.41%
Min EPS beat(2)-38.6%
Max EPS beat(2)-28.21%
EPS beat(4)1
Avg EPS beat(4)-25.83%
Min EPS beat(4)-44.99%
Max EPS beat(4)8.5%
EPS beat(8)2
Avg EPS beat(8)-19.45%
EPS beat(12)5
Avg EPS beat(12)-7%
EPS beat(16)9
Avg EPS beat(16)10.75%
Revenue beat(2)1
Avg Revenue beat(2)2.38%
Min Revenue beat(2)-3.68%
Max Revenue beat(2)8.43%
Revenue beat(4)1
Avg Revenue beat(4)0.77%
Min Revenue beat(4)-3.68%
Max Revenue beat(4)8.43%
Revenue beat(8)4
Avg Revenue beat(8)2.91%
Revenue beat(12)8
Avg Revenue beat(12)4.17%
Revenue beat(16)12
Avg Revenue beat(16)5.87%
PT rev (1m)12.44%
PT rev (3m)19.47%
EPS NQ rev (1m)7.54%
EPS NQ rev (3m)7.54%
EPS NY rev (1m)-3.56%
EPS NY rev (3m)0.62%
Revenue NQ rev (1m)1.35%
Revenue NQ rev (3m)1.35%
Revenue NY rev (1m)-0.46%
Revenue NY rev (3m)0.68%
Valuation
Industry RankSector Rank
PE 26.65
Fwd PE 16.51
P/S 0.35
P/FCF N/A
P/OCF N/A
P/B 3.06
P/tB 4.11
EV/EBITDA N/A
EPS(TTM)0.15
EY3.75%
EPS(NY)0.24
Fwd EY6.06%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS11.42
BVpS1.31
TBVpS0.97
PEG (NY)0.43
PEG (5Y)N/A
Graham Number2.1
Profitability
Industry RankSector Rank
ROA 3.37%
ROE 17.94%
ROCE 16.82%
ROIC 10.21%
ROICexc 17.8%
ROICexgc 22%
OM 4.49%
PM (TTM) 2.05%
GM 27.58%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y66.37%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.54%
GM growth 5Y-5.49%
F-ScoreN/A
Asset Turnover1.64
Health
Industry RankSector Rank
Debt/Equity 0.88
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 1.13
Quick Ratio 1.09
Altman-Z 2.45
F-ScoreN/A
WACC6.97%
ROIC/WACC1.46
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)7.14%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-20%
EPS Next Y61.41%
EPS Next 2Y38.85%
EPS Next 3Y25.73%
EPS Next 5Y17.14%
Revenue 1Y (TTM)6.55%
Revenue growth 3Y15.78%
Revenue growth 5Y15.94%
Sales Q2Q%2.17%
Revenue Next Year3.79%
Revenue Next 2Y1.15%
Revenue Next 3Y0.43%
Revenue Next 5Y0.3%
EBIT growth 1Y4.3%
EBIT growth 3Y92.63%
EBIT growth 5YN/A
EBIT Next Year182.35%
EBIT Next 3Y44.95%
EBIT Next 5Y21.68%
FCF growth 1YN/A
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1YN/A
OCF growth 3YN/A
OCF growth 5YN/A

SAIPEM SPA / SPM.MI Fundamental Analysis FAQ

What is the fundamental rating for SPM stock?

ChartMill assigns a fundamental rating of 3 / 10 to SPM.MI.


Can you provide the valuation status for SAIPEM SPA?

ChartMill assigns a valuation rating of 3 / 10 to SAIPEM SPA (SPM.MI). This can be considered as Overvalued.


Can you provide the profitability details for SAIPEM SPA?

SAIPEM SPA (SPM.MI) has a profitability rating of 3 / 10.


What is the earnings growth outlook for SAIPEM SPA?

The Earnings per Share (EPS) of SAIPEM SPA (SPM.MI) is expected to grow by 61.41% in the next year.


Can you provide the dividend sustainability for SPM stock?

The dividend rating of SAIPEM SPA (SPM.MI) is 5 / 10 and the dividend payout ratio is 0%.