SAIPEM SPA (SPM.MI) Stock Fundamental Analysis
BIT:SPM - Borsa Italiana Milan - IT0005495657 - Common Stock - Currency: EUR
Overall SPM gets a fundamental rating of 3 out of 10. We evaluated SPM against 35 industry peers in the Energy Equipment & Services industry. Both the profitability and financial health of SPM have multiple concerns. SPM is not valued too expensively and it also shows a decent growth rate.
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
SPM has a worse Return On Assets (1.31%) than 67.65% of its industry peers.
SPM has a Return On Equity (7.40%) which is in line with its industry peers.
SPM has a worse Return On Invested Capital (4.48%) than 64.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.31% | ||
| ROE | 7.4% | ||
| ROIC | 4.48% |
ROA(3y)-7.22%
ROA(5y)-6.33%
ROE(3y)-253.13%
ROE(5y)-159.59%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 1.51%, SPM is doing worse than 64.71% of the companies in the same industry.
The Operating Margin of SPM (3.80%) is worse than 82.35% of its industry peers.
In the last couple of years the Operating Margin of SPM has declined.
SPM has a Gross Margin of 29.92%. This is in the better half of the industry: SPM outperforms 64.71% of its industry peers.
In the last couple of years the Gross Margin of SPM has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.8% | ||
| PM (TTM) | 1.51% | ||
| GM | 29.92% |
OM growth 3YN/A
OM growth 5Y-3.29%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.83%
GM growth 5Y-3.97%
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 about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for SPM has been increased compared to 5 years ago.
Compared to 1 year ago, SPM has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.34, we must say that SPM is in the distress zone and has some risk of bankruptcy.
SPM's Altman-Z score of 1.34 is fine compared to the rest of the industry. SPM outperforms 70.59% of its industry peers.
SPM has a debt to FCF ratio of 8.05. This is a slightly negative value and a sign of low solvency as SPM would need 8.05 years to pay back of all of its debts.
SPM's Debt to FCF ratio of 8.05 is in line compared to the rest of the industry. SPM outperforms 41.18% of its industry peers.
A Debt/Equity ratio of 0.94 indicates that SPM is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.94, SPM is doing worse than 61.76% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.94 | ||
| Debt/FCF | 8.05 | ||
| Altman-Z | 1.34 |
ROIC/WACC0.74
WACC6.02%
2.3 Liquidity
A Current Ratio of 1.10 indicates that SPM should not have too much problems paying its short term obligations.
The Current ratio of SPM (1.10) is worse than 73.53% of its industry peers.
A Quick Ratio of 1.06 indicates that SPM should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.06, SPM is doing worse than 64.71% 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 636.84% over the past year.
Measured over the past years, SPM shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.13% on average per year.
The Revenue has grown by 18.98% in the past year. This is quite good.
Measured over the past years, SPM shows a small growth in Revenue. The Revenue has been growing by 6.84% on average per year.
EPS 1Y (TTM)636.84%
EPS 3YN/A
EPS 5Y12.13%
EPS Q2Q%110.53%
Revenue 1Y (TTM)18.98%
Revenue growth 3Y17.11%
Revenue growth 5Y6.84%
Sales Q2Q%23.08%
3.2 Future
SPM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.48% yearly.
SPM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.07% yearly.
EPS Next Y78.52%
EPS Next 2Y68.48%
EPS Next 3Y55.49%
EPS Next 5Y25.48%
Revenue Next Year25.4%
Revenue Next 2Y15.01%
Revenue Next 3Y10.6%
Revenue Next 5Y5.07%
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
Based on the Price/Earnings ratio of 16.28, the valuation of SPM can be described as correct.
SPM's Price/Earnings is on the same level as the industry average.
SPM's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.47.
The Price/Forward Earnings ratio is 9.02, which indicates a very decent valuation of SPM.
SPM's Price/Forward Earnings ratio is in line with the industry average.
SPM is valuated cheaply when we compare the Price/Forward Earnings ratio to 92.74, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.28 | ||
| Fwd PE | 9.02 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SPM is valued a bit cheaper than 70.59% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, SPM is valued a bit more expensive than 61.76% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.32 | ||
| EV/EBITDA | 4.51 |
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 55.49% in the coming years.
PEG (NY)0.21
PEG (5Y)1.34
EPS Next 2Y68.48%
EPS Next 3Y55.49%
5. Dividend
5.1 Amount
SPM does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
SAIPEM SPA
BIT:SPM (2/5/2025, 12:24:10 PM)
2.279
-0.04 (-1.68%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners19.47%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap4.55B
Analysts84.55
Price Target3.15 (38.22%)
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)0
Avg EPS beat(2)-27.81%
Min EPS beat(2)-43.42%
Max EPS beat(2)-12.2%
EPS beat(4)1
Avg EPS beat(4)-22.26%
Min EPS beat(4)-52.12%
Max EPS beat(4)18.69%
EPS beat(8)5
Avg EPS beat(8)22.61%
EPS beat(12)7
Avg EPS beat(12)11.45%
EPS beat(16)8
Avg EPS beat(16)-23.17%
Revenue beat(2)1
Avg Revenue beat(2)2.48%
Min Revenue beat(2)-0.23%
Max Revenue beat(2)5.18%
Revenue beat(4)3
Avg Revenue beat(4)5.43%
Min Revenue beat(4)-0.23%
Max Revenue beat(4)14.07%
Revenue beat(8)7
Avg Revenue beat(8)8.4%
Revenue beat(12)10
Avg Revenue beat(12)13.88%
Revenue beat(16)12
Avg Revenue beat(16)20.37%
PT rev (1m)-0.11%
PT rev (3m)7.01%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)3.38%
EPS NY rev (3m)3.38%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)3.1%
Revenue NY rev (3m)3.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.28 | ||
| Fwd PE | 9.02 | ||
| P/S | 0.38 | ||
| P/FCF | 12.32 | ||
| P/OCF | 5.02 | ||
| P/B | 1.88 | ||
| P/tB | 2.59 | ||
| EV/EBITDA | 4.51 |
EPS(TTM)0.14
EY6.14%
EPS(NY)0.25
Fwd EY11.09%
FCF(TTM)0.18
FCFY8.11%
OCF(TTM)0.45
OCFY19.92%
SpS5.95
BVpS1.21
TBVpS0.88
PEG (NY)0.21
PEG (5Y)1.34
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.31% | ||
| ROE | 7.4% | ||
| ROCE | 8.09% | ||
| ROIC | 4.48% | ||
| ROICexc | 8.31% | ||
| ROICexgc | 10.63% | ||
| OM | 3.8% | ||
| PM (TTM) | 1.51% | ||
| GM | 29.92% | ||
| FCFM | 3.11% |
ROA(3y)-7.22%
ROA(5y)-6.33%
ROE(3y)-253.13%
ROE(5y)-159.59%
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 5Y15.11%
ROICexc growth 3YN/A
ROICexc growth 5Y13.37%
OM growth 3YN/A
OM growth 5Y-3.29%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.83%
GM growth 5Y-3.97%
F-Score6
Asset Turnover0.87
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.94 | ||
| Debt/FCF | 8.05 | ||
| Debt/EBITDA | 2.29 | ||
| Cap/Depr | 99.44% | ||
| Cap/Sales | 4.52% | ||
| Interest Coverage | 2.75 | ||
| Cash Conversion | 91.42% | ||
| Profit Quality | 206.15% | ||
| Current Ratio | 1.1 | ||
| Quick Ratio | 1.06 | ||
| Altman-Z | 1.34 |
F-Score6
WACC6.02%
ROIC/WACC0.74
Cap/Depr(3y)93.52%
Cap/Depr(5y)77.94%
Cap/Sales(3y)4.62%
Cap/Sales(5y)4.38%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)636.84%
EPS 3YN/A
EPS 5Y12.13%
EPS Q2Q%110.53%
EPS Next Y78.52%
EPS Next 2Y68.48%
EPS Next 3Y55.49%
EPS Next 5Y25.48%
Revenue 1Y (TTM)18.98%
Revenue growth 3Y17.11%
Revenue growth 5Y6.84%
Sales Q2Q%23.08%
Revenue Next Year25.4%
Revenue Next 2Y15.01%
Revenue Next 3Y10.6%
Revenue Next 5Y5.07%
EBIT growth 1Y374.74%
EBIT growth 3YN/A
EBIT growth 5Y3.32%
EBIT Next Year226.17%
EBIT Next 3Y64.58%
EBIT Next 5Y34.42%
FCF growth 1Y154.51%
FCF growth 3YN/A
FCF growth 5Y-14.38%
OCF growth 1Y311.68%
OCF growth 3Y68.27%
OCF growth 5Y-3.79%