SNAM SPA (SRG.MI) Stock Fundamental Analysis
Europe - BIT:SRG - IT0003153415 - Common Stock
5.654 EUR
+0.01 (+0.11%)
SRG gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 6 industry peers in the Gas Utilities industry. SRG has an excellent profitability rating, but 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
SRG had positive earnings in the past year.
In the past year SRG had a positive cash flow from operations.
In the past 5 years SRG has always been profitable.
SRG had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
SRG has a Return On Assets of 6.13%. This is amongst the best in the industry. SRG outperforms 100.00% of its industry peers.
SRG has a better Return On Equity (24.13%) than 83.33% of its industry peers.
SRG has a Return On Invested Capital (7.18%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for SRG is below the industry average of 6.79%.
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 Profit Margin of 40.11%. This is amongst the best in the industry. SRG outperforms 100.00% of its industry peers.
SRG's Profit Margin has declined in the last couple of years.
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.
Looking at the Gross Margin, with a value of 51.90%, SRG is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
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.
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
Compared to 1 year ago, SRG has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.99, we must say that SRG is in the distress zone and has some risk of bankruptcy.
SRG has a Altman-Z score of 0.99. This is comparable to the rest of the industry: SRG outperforms 50.00% of its industry peers.
A Debt/Equity ratio of 1.87 is on the high side and indicates that SRG has dependencies on debt financing.
With a Debt to Equity ratio value of 1.87, SRG is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.87 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.99 |
ROIC/WACC1.44
WACC5%
2.3 Liquidity
A Current Ratio of 0.90 indicates that SRG may have some problems paying its short term obligations.
SRG has a Current ratio (0.90) which is comparable to the rest of the industry.
A Quick Ratio of 0.66 indicates that SRG may have some problems paying its short term obligations.
With a Quick ratio value of 0.66, SRG is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
| 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.
SRG shows a decrease in Revenue. In the last year, the revenue decreased by -7.46%.
Measured over the past years, SRG shows a small growth in Revenue. The Revenue has been growing by 6.01% on average per year.
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
The Earnings Per Share is expected to grow by 4.05% on average over the next years.
SRG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.37% yearly.
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
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
SRG is valuated correctly with a Price/Earnings ratio of 14.13.
Based on the Price/Earnings ratio, SRG is valued a bit more expensive than the industry average as 66.67% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Earnings ratio of 25.91, SRG is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 13.56, the valuation of SRG can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SRG indicates a somewhat cheap valuation: SRG is cheaper than 66.67% of the companies listed in the same industry.
SRG is valuated cheaply when we compare the Price/Forward Earnings ratio to 34.57, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.14 | ||
| Fwd PE | 13.56 |
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.
SRG has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.55
PEG (5Y)4.76
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.
SRG's Dividend Yield is a higher than the industry average which is at 5.00.
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
SRG pays out 43.67% of its income as dividend. 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 (11/13/2025, 7:00:00 PM)
5.654
+0.01 (+0.11%)
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 Cap19.00B
Revenue(TTM)5.50B
Net Income(TTM)2.21B
Analysts68.7
Price Target5.55 (-1.84%)
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 | 14.14 | ||
| Fwd PE | 13.56 | ||
| 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)0.4
EY7.07%
EPS(NY)0.42
Fwd EY7.37%
FCF(TTM)-0.29
FCFYN/A
OCF(TTM)0.56
OCFY9.88%
SpS1.64
BVpS2.72
TBVpS2.16
PEG (NY)1.55
PEG (5Y)4.76
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%
ROIC/WACC1.44
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 14.14 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%.