SAIPEM SPA (SPM.MI) Stock Fundamental Analysis
Europe - BIT:SPM - IT0005495657 - Common Stock
2.293 EUR
-0.03 (-1.5%)
Overall SPM gets a fundamental rating of 5 out of 10. We evaluated SPM against 37 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 scores decently on growth, while it is valued quite cheap. This could make an interesting 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.
In multiple years SPM reported negative net income over the last 5 years.
Of the past 5 years SPM 4 years had a positive operating cash flow.
1.2 Ratios
SPM has a Return On Assets of 2.20%. This is comparable to the rest of the industry: SPM outperforms 40.54% of its industry peers.
SPM has a Return On Equity of 11.73%. This is comparable to the rest of the industry: SPM outperforms 59.46% of its industry peers.
SPM has a Return On Invested Capital (6.28%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for SPM 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
The Profit Margin of SPM (2.10%) is worse 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.
In the last couple of years the Operating Margin of SPM has declined.
SPM's Gross Margin of 30.52% is fine compared to the rest of the industry. SPM outperforms 64.86% of its industry peers.
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.
Compared to 5 years ago, SPM has more shares outstanding
The debt/assets ratio for SPM has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.60, we must say that SPM is in the distress zone and 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.
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.
Looking at the Debt to FCF ratio, with a value of 2.57, SPM is in the better half of the industry, outperforming 72.97% of the companies in the same industry.
SPM has a Debt/Equity ratio of 0.88. This is a neutral value indicating SPM is somewhat dependend on debt financing.
SPM has a Debt to Equity ratio of 0.88. This is in the lower half of the industry: SPM underperforms 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
WACC7.03%
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 67.57% of the companies in the same industry.
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.
SPM has a worse Quick ratio (1.09) than 64.86% of its industry peers.
| 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
SPM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 20.28% yearly.
Based on estimates for the next years, SPM will show a small growth in Revenue. The Revenue will grow by 1.69% on average per year.
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 14.33, 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 25.89, SPM is valued a bit cheaper.
With a Price/Forward Earnings ratio of 8.43, the valuation of SPM can be described as very reasonable.
Based on the Price/Forward Earnings ratio, SPM is valued a bit cheaper than 62.16% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 34.59. SPM is valued rather cheaply when compared to this.
| 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.
83.78% of the companies in the same industry are more expensive than SPM, based on the Price/Free Cash Flow ratio.
| 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.
SPM's Dividend Yield is a higher than the industry average which is at 7.41.
Compared to an average S&P500 Dividend Yield of 2.42, 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
WACC7.03%
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%.