SAIPEM SPA (SPM.MI) Stock Fundamental Analysis
Europe - BIT:SPM - IT0005495657 - Common Stock
2.375 EUR
-0.02 (-0.67%)
Taking everything into account, SPM scores 5 out of 10 in our fundamental rating. SPM was compared to 37 industry peers in the Energy Equipment & Services industry. SPM scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. SPM may be a bit undervalued, certainly considering the very reasonable score on growth
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
The Return On Assets of SPM (2.20%) is worse than 67.57% of its industry peers.
SPM's Return On Equity of 11.73% is in line compared to the rest of the industry. SPM outperforms 51.35% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.28%, SPM is doing worse than 62.16% 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 11.43%.
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's Profit Margin of 2.10% is on the low side compared to the rest of the industry. SPM is outperformed by 72.97% 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 81.08% of the companies in the same industry.
SPM's Operating Margin has declined in the last couple of years.
With a decent Gross Margin value of 30.52%, SPM is doing good in the industry, outperforming 72.97% 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.
The number of shares outstanding for SPM has been increased compared to 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.
Looking at the Altman-Z score, with a value of 1.60, SPM is in the better half of the industry, outperforming 62.16% of the companies in the same industry.
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 78.38% 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: 64.86% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | 2.57 | ||
| Altman-Z | 1.6 |
ROIC/WACC0.9
WACC6.95%
2.3 Liquidity
A Current Ratio of 1.13 indicates that SPM should not have too much problems paying its short term obligations.
SPM has a Current ratio (1.13) which is in line with its industry peers.
A Quick Ratio of 1.09 indicates that SPM should not have too much problems paying its short term obligations.
SPM has a Quick ratio of 1.09. This is comparable to the rest of the industry: SPM outperforms 48.65% of its industry peers.
| 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.
Looking at the last year, SPM shows a very strong growth in Revenue. 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)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 20.38% on average over the next years. This is a very strong growth
Based on estimates for the next years, SPM will show a small growth in Revenue. The Revenue will grow by 0.87% on average per year.
EPS Next Y51.46%
EPS Next 2Y45.16%
EPS Next 3Y33.48%
EPS Next 5Y20.38%
Revenue Next Year7.62%
Revenue Next 2Y5.2%
Revenue Next 3Y2.88%
Revenue Next 5Y0.87%
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 14.84, SPM is valued correctly.
The rest of the industry has a similar Price/Earnings ratio as SPM.
SPM is valuated rather cheaply when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 8.05 indicates a reasonable valuation of SPM.
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 22.73.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.84 | ||
| Fwd PE | 8.05 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SPM is valued cheaper than 86.49% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SPM indicates a rather cheap valuation: SPM is cheaper than 81.08% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.24 | ||
| EV/EBITDA | 2.79 |
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 33.48% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.29
PEG (5Y)N/A
EPS Next 2Y45.16%
EPS Next 3Y33.48%
5. Dividend
5.1 Amount
SPM has a Yearly Dividend Yield of 7.11%, which is a nice return.
Compared to an average industry Dividend Yield of 6.75, SPM pays a better dividend. On top of this SPM pays more dividend than 81.08% of the companies listed in the same industry.
SPM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.11% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DP0%
EPS Next 2Y45.16%
EPS Next 3Y33.48%
BIT:SPM (9/12/2025, 7:00:00 PM)
2.375
-0.02 (-0.67%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners22.2%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap4.74B
Analysts82
Price Target3.18 (33.89%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.11% |
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)-0.21%
PT rev (3m)0.84%
EPS NQ rev (1m)1.22%
EPS NQ rev (3m)-5.21%
EPS NY rev (1m)-3.72%
EPS NY rev (3m)-3.72%
Revenue NQ rev (1m)-0.63%
Revenue NQ rev (3m)0.69%
Revenue NY rev (1m)0.23%
Revenue NY rev (3m)0.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.84 | ||
| Fwd PE | 8.05 | ||
| P/S | 0.33 | ||
| P/FCF | 4.24 | ||
| P/OCF | 3.27 | ||
| P/B | 1.82 | ||
| P/tB | 2.44 | ||
| EV/EBITDA | 2.79 |
EPS(TTM)0.16
EY6.74%
EPS(NY)0.29
Fwd EY12.42%
FCF(TTM)0.56
FCFY23.59%
OCF(TTM)0.73
OCFY30.55%
SpS7.29
BVpS1.31
TBVpS0.97
PEG (NY)0.29
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 | 1.6 |
F-Score8
WACC6.95%
ROIC/WACC0.9
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 Y51.46%
EPS Next 2Y45.16%
EPS Next 3Y33.48%
EPS Next 5Y20.38%
Revenue 1Y (TTM)22.44%
Revenue growth 3Y30.62%
Revenue growth 5Y9.81%
Sales Q2Q%9.55%
Revenue Next Year7.62%
Revenue Next 2Y5.2%
Revenue Next 3Y2.88%
Revenue Next 5Y0.87%
EBIT growth 1Y44.35%
EBIT growth 3YN/A
EBIT growth 5Y4.44%
EBIT Next Year154.4%
EBIT Next 3Y44.35%
EBIT Next 5Y22.59%
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%