SNAM SPA (SRG.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:SRG - IT0003153415 - Common Stock
5.656 EUR
+0.04 (+0.75%)
SRG gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 5 industry peers in the Gas Utilities industry. There are concerns on the financial health of SRG while its profitability can be described as average. SRG has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
SRG had positive earnings in the past year.
SRG had a positive operating cash flow in the past year.
SRG had positive earnings in each of the past 5 years.
Of the past 5 years SRG 4 years had a positive operating cash flow.
1.2 Ratios
SRG has a better Return On Assets (6.13%) than 100.00% of its industry peers.
With a decent Return On Equity value of 24.13%, SRG is doing good in the industry, outperforming 80.00% of the companies in the same industry.
With a Return On Invested Capital value of 7.18%, SRG perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
SRG had an Average Return On Invested Capital over the past 3 years of 4.63%. This is in line with the industry average of 6.27%.
The 3 year average ROIC (4.63%) for SRG is below the current ROIC(7.18%), indicating increased profibility in the last year.
| 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 better Profit Margin (40.11%) than 100.00% of its industry peers.
SRG's Profit Margin has declined in the last couple of years.
SRG's Operating Margin of 49.28% is amongst the best of the industry. SRG outperforms 100.00% of its industry peers.
SRG's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 51.90%, SRG is doing worse than 60.00% of the companies in the same industry.
SRG's Gross Margin has been stable in the last couple of years.
| 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.
The number of shares outstanding for SRG remains at a similar level compared to 1 year ago.
Compared to 5 years ago, SRG has more shares outstanding
The debt/assets ratio for SRG is higher compared to a year ago.
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 doing worse than 60.00% 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 worse Debt to Equity ratio (1.87) than 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.87 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.99 |
ROIC/WACC1.45
WACC4.95%
2.3 Liquidity
A Current Ratio of 0.90 indicates that SRG may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.90, SRG is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
A Quick Ratio of 0.66 indicates that SRG may have some problems paying its short term obligations.
SRG has a worse Quick ratio (0.66) than 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.66 |
3. Growth
3.1 Past
SRG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.65%, which is quite good.
SRG shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.97% yearly.
The Revenue has decreased by -2.72% in the past year.
The Revenue has been growing slightly by 6.01% on average over the past years.
EPS 1Y (TTM)14.65%
EPS 3Y-5.86%
EPS 5Y2.97%
EPS Q2Q%9.89%
Revenue 1Y (TTM)-2.72%
Revenue growth 3Y2.67%
Revenue growth 5Y6.01%
Sales Q2Q%-11.65%
3.2 Future
Based on estimates for the next years, SRG will show a small growth in Earnings Per Share. The EPS will grow by 4.12% on average per year.
SRG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.98% yearly.
EPS Next Y10.18%
EPS Next 2Y5.18%
EPS Next 3Y4.78%
EPS Next 5Y4.12%
Revenue Next Year-0.84%
Revenue Next 2Y2.72%
Revenue Next 3Y3.52%
Revenue Next 5Y2.98%
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
A Price/Earnings ratio of 13.80 indicates a correct valuation of SRG.
SRG's Price/Earnings ratio is in line with the industry average.
SRG is valuated rather cheaply when we compare the Price/Earnings ratio to 26.51, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 13.38, which indicates a correct valuation of SRG.
Based on the Price/Forward Earnings ratio, SRG is valued a bit cheaper than the industry average as 80.00% of the companies are valued more expensively.
SRG is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.13, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.8 | ||
| Fwd PE | 13.38 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SRG indicates a somewhat cheap valuation: SRG is cheaper than 80.00% of the companies listed in the same industry.
| 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.
SRG has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.36
PEG (5Y)4.65
EPS Next 2Y5.18%
EPS Next 3Y4.78%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.26%, SRG is a good candidate for dividend investing.
SRG's Dividend Yield is a higher than the industry average which is at 4.58.
SRG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.26% |
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
SRG pays out 43.67% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of SRG is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP43.67%
EPS Next 2Y5.18%
EPS Next 3Y4.78%
BIT:SRG (12/30/2025, 7:00:00 PM)
5.656
+0.04 (+0.75%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners29.4%
Inst Owner ChangeN/A
Ins Owners7.45%
Ins Owner ChangeN/A
Market Cap19.01B
Revenue(TTM)5.58B
Net Income(TTM)2.21B
Analysts67.83
Price Target5.79 (2.37%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.26% |
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)2.2%
PT rev (3m)4.55%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0.95%
EPS NY rev (3m)1.3%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.51%
Revenue NY rev (1m)-0.2%
Revenue NY rev (3m)-0.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.8 | ||
| Fwd PE | 13.38 | ||
| P/S | 3.46 | ||
| P/FCF | N/A | ||
| P/OCF | 10.12 | ||
| P/B | 2.08 | ||
| P/tB | 2.62 | ||
| EV/EBITDA | 9.55 |
EPS(TTM)0.41
EY7.25%
EPS(NY)0.42
Fwd EY7.47%
FCF(TTM)-0.29
FCFYN/A
OCF(TTM)0.56
OCFY9.88%
SpS1.64
BVpS2.72
TBVpS2.16
PEG (NY)1.36
PEG (5Y)4.65
Graham Number5.01
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
WACC4.95%
ROIC/WACC1.45
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)14.65%
EPS 3Y-5.86%
EPS 5Y2.97%
EPS Q2Q%9.89%
EPS Next Y10.18%
EPS Next 2Y5.18%
EPS Next 3Y4.78%
EPS Next 5Y4.12%
Revenue 1Y (TTM)-2.72%
Revenue growth 3Y2.67%
Revenue growth 5Y6.01%
Sales Q2Q%-11.65%
Revenue Next Year-0.84%
Revenue Next 2Y2.72%
Revenue Next 3Y3.52%
Revenue Next 5Y2.98%
EBIT growth 1Y11.62%
EBIT growth 3Y5.97%
EBIT growth 5Y3.08%
EBIT Next Year70.37%
EBIT Next 3Y23.42%
EBIT Next 5Y15.17%
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.
What is the valuation status for SRG stock?
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 6 / 10.
Can you provide the PE and PB ratios for SRG stock?
The Price/Earnings (PE) ratio for SNAM SPA (SRG.MI) is 13.8 and the Price/Book (PB) ratio is 2.08.
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%.