SNAM SPA (SRG.MI) Stock Fundamental Analysis
Europe - BIT:SRG - IT0003153415 - Common Stock
5.692 EUR
+0.04 (+0.67%)
We assign a fundamental rating of 4 out of 10 to SRG. SRG was compared to 6 industry peers in the Gas Utilities industry. While SRG belongs to the best of the industry regarding profitability, there are concerns on its financial health. SRG is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year SRG was profitable.
SRG had a positive operating cash flow in the past year.
Each year in the past 5 years SRG has been profitable.
Of the past 5 years SRG 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of SRG (6.13%) is better than 100.00% of its industry peers.
SRG has a Return On Equity of 24.13%. This is amongst the best in the industry. SRG outperforms 83.33% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.18%, SRG is in line with its industry, outperforming 50.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for SRG is below the industry average of 6.79%.
The last Return On Invested Capital (7.18%) for SRG is above the 3 year average (4.63%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.13% | ||
| ROE | 24.13% | ||
| ROIC | 7.18% |
ROA(3y)2.99%
ROA(5y)3.75%
ROE(3y)12.65%
ROE(5y)15.15%
ROIC(3y)4.63%
ROIC(5y)4.83%
1.3 Margins
SRG has a Profit Margin of 40.11%. This is amongst the best in the industry. SRG outperforms 100.00% of its industry peers.
In the last couple of years the Profit Margin of SRG has declined.
SRG has a Operating Margin of 49.28%. This is amongst the best in the industry. SRG outperforms 100.00% of its industry peers.
SRG's Operating Margin has declined in the last couple of years.
SRG's Gross Margin of 51.90% is fine compared to the rest of the industry. SRG outperforms 66.67% of its industry peers.
In the last couple of years the Gross Margin of SRG has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 49.28% | ||
| PM (TTM) | 40.11% | ||
| GM | 51.9% |
OM growth 3Y3.22%
OM growth 5Y-2.76%
PM growth 3Y-8.04%
PM growth 5Y-2.91%
GM growth 3Y4.14%
GM growth 5Y-0.97%
2. Health
2.1 Basic Checks
SRG has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
SRG has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for SRG has been increased compared to 5 years ago.
SRG has a worse debt/assets ratio than last year.
2.2 Solvency
SRG has an Altman-Z score of 0.99. This is a bad value and indicates that SRG is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.99, SRG is in line with its industry, outperforming 50.00% of the companies in the same industry.
SRG has a Debt/Equity ratio of 1.87. This is a high value indicating a heavy dependency on external financing.
SRG has a Debt to Equity ratio of 1.87. This is in the lower half of the industry: SRG underperforms 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.87 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.99 |
ROIC/WACC1.43
WACC5.01%
2.3 Liquidity
SRG has a Current Ratio of 0.90. This is a bad value and indicates that SRG is not financially healthy enough and could expect problems in meeting its short term obligations.
SRG's Current ratio of 0.90 is in line compared to the rest of the industry. SRG outperforms 50.00% of its industry peers.
SRG has a Quick Ratio of 0.90. This is a bad value and indicates that SRG is not financially healthy enough and could expect problems in meeting its short term obligations.
SRG has a worse Quick ratio (0.66) than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.66 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 12.43% over the past year.
SRG shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.97% yearly.
Looking at the last year, SRG shows a decrease in Revenue. The Revenue has decreased by -7.46% in the last year.
The Revenue has been growing slightly by 6.01% on average over the past years.
EPS 1Y (TTM)12.43%
EPS 3Y-5.86%
EPS 5Y2.97%
EPS Q2Q%-4.76%
Revenue 1Y (TTM)-7.46%
Revenue growth 3Y2.67%
Revenue growth 5Y6.01%
Sales Q2Q%3.54%
3.2 Future
SRG is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.05% yearly.
The Revenue is expected to grow by 3.37% on average over the next years.
EPS Next Y9.14%
EPS Next 2Y4.47%
EPS Next 3Y4.43%
EPS Next 5Y4.05%
Revenue Next Year-0.63%
Revenue Next 2Y3.03%
Revenue Next 3Y3.8%
Revenue Next 5Y3.37%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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 14.23, the valuation of SRG can be described as correct.
66.67% of the companies in the same industry are cheaper than SRG, based on the Price/Earnings ratio.
SRG's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.89.
A Price/Forward Earnings ratio of 13.65 indicates a correct valuation of SRG.
Based on the Price/Forward Earnings ratio, SRG is valued a bit cheaper than 66.67% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.59, SRG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.23 | ||
| Fwd PE | 13.65 |
4.2 Price Multiples
SRG's Enterprise Value to EBITDA is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.55 |
4.3 Compensation for Growth
SRG's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of SRG may justify a higher PE ratio.
PEG (NY)1.56
PEG (5Y)4.79
EPS Next 2Y4.47%
EPS Next 3Y4.43%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.34%, SRG is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.00, SRG pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.36, SRG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.34% |
5.2 History
The dividend of SRG has a limited annual growth rate of 4.51%.
Dividend Growth(5Y)4.51%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
43.67% of the earnings are spent on dividend by SRG. This is a bit on the high side, but may be sustainable.
SRG's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP43.67%
EPS Next 2Y4.47%
EPS Next 3Y4.43%
BIT:SRG (11/14/2025, 7:00:00 PM)
5.692
+0.04 (+0.67%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners29.49%
Inst Owner ChangeN/A
Ins Owners7.45%
Ins Owner ChangeN/A
Market Cap19.13B
Revenue(TTM)5.50B
Net Income(TTM)2.21B
Analysts68.7
Price Target5.55 (-2.49%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.34% |
Yearly Dividend0.28
Dividend Growth(5Y)4.51%
DP43.67%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)5.67%
Min EPS beat(2)-6.3%
Max EPS beat(2)17.64%
EPS beat(4)2
Avg EPS beat(4)2.44%
Min EPS beat(4)-13.92%
Max EPS beat(4)17.64%
EPS beat(8)4
Avg EPS beat(8)2.26%
EPS beat(12)6
Avg EPS beat(12)0.08%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-0.95%
Min Revenue beat(2)-1.8%
Max Revenue beat(2)-0.11%
Revenue beat(4)0
Avg Revenue beat(4)-7.75%
Min Revenue beat(4)-25.83%
Max Revenue beat(4)-0.11%
Revenue beat(8)2
Avg Revenue beat(8)2.07%
Revenue beat(12)5
Avg Revenue beat(12)12.97%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.41%
PT rev (3m)0.72%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0.35%
EPS NY rev (3m)3.98%
Revenue NQ rev (1m)0.51%
Revenue NQ rev (3m)1.19%
Revenue NY rev (1m)-0.68%
Revenue NY rev (3m)-0.93%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.23 | ||
| Fwd PE | 13.65 | ||
| P/S | 3.48 | ||
| P/FCF | N/A | ||
| P/OCF | 10.19 | ||
| P/B | 2.09 | ||
| P/tB | 2.64 | ||
| EV/EBITDA | 9.55 |
EPS(TTM)0.4
EY7.03%
EPS(NY)0.42
Fwd EY7.32%
FCF(TTM)-0.29
FCFYN/A
OCF(TTM)0.56
OCFY9.82%
SpS1.64
BVpS2.72
TBVpS2.16
PEG (NY)1.56
PEG (5Y)4.79
Graham Number4.95
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.13% | ||
| ROE | 24.13% | ||
| ROCE | 9.95% | ||
| ROIC | 7.18% | ||
| ROICexc | 7.68% | ||
| ROICexgc | 8.27% | ||
| OM | 49.28% | ||
| PM (TTM) | 40.11% | ||
| GM | 51.9% | ||
| FCFM | N/A |
ROA(3y)2.99%
ROA(5y)3.75%
ROE(3y)12.65%
ROE(5y)15.15%
ROIC(3y)4.63%
ROIC(5y)4.83%
ROICexc(3y)4.97%
ROICexc(5y)5.28%
ROICexgc(3y)5.31%
ROICexgc(5y)5.63%
ROCE(3y)6.69%
ROCE(5y)7.13%
ROICexgc growth 3Y-1.38%
ROICexgc growth 5Y-4.6%
ROICexc growth 3Y-1.53%
ROICexc growth 5Y-4.68%
OM growth 3Y3.22%
OM growth 5Y-2.76%
PM growth 3Y-8.04%
PM growth 5Y-2.91%
GM growth 3Y4.14%
GM growth 5Y-0.97%
F-Score5
Asset Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.87 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.52 | ||
| Cap/Depr | 262.59% | ||
| Cap/Sales | 51.59% | ||
| Interest Coverage | 6.56 | ||
| Cash Conversion | 49.56% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.66 | ||
| Altman-Z | 0.99 |
F-Score5
WACC5.01%
ROIC/WACC1.43
Cap/Depr(3y)209.59%
Cap/Depr(5y)186.27%
Cap/Sales(3y)52.8%
Cap/Sales(5y)47.64%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)12.43%
EPS 3Y-5.86%
EPS 5Y2.97%
EPS Q2Q%-4.76%
EPS Next Y9.14%
EPS Next 2Y4.47%
EPS Next 3Y4.43%
EPS Next 5Y4.05%
Revenue 1Y (TTM)-7.46%
Revenue growth 3Y2.67%
Revenue growth 5Y6.01%
Sales Q2Q%3.54%
Revenue Next Year-0.63%
Revenue Next 2Y3.03%
Revenue Next 3Y3.8%
Revenue Next 5Y3.37%
EBIT growth 1Y11.62%
EBIT growth 3Y5.97%
EBIT growth 5Y3.08%
EBIT Next Year69.4%
EBIT Next 3Y23.61%
EBIT Next 5Y15.43%
FCF growth 1Y-103.83%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y75.19%
OCF growth 3Y10.68%
OCF growth 5Y4.07%
SNAM SPA / SRG.MI FAQ
What is the ChartMill fundamental rating of SNAM SPA (SRG.MI) stock?
ChartMill assigns a fundamental rating of 4 / 10 to SRG.MI.
Can you provide the valuation status for SNAM SPA?
ChartMill assigns a valuation rating of 4 / 10 to SNAM SPA (SRG.MI). This can be considered as Fairly Valued.
Can you provide the profitability details for SNAM SPA?
SNAM SPA (SRG.MI) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for SRG stock?
The Price/Earnings (PE) ratio for SNAM SPA (SRG.MI) is 14.23 and the Price/Book (PB) ratio is 2.09.
How sustainable is the dividend of SNAM SPA (SRG.MI) stock?
The dividend rating of SNAM SPA (SRG.MI) is 6 / 10 and the dividend payout ratio is 43.67%.