SNAM SPA (SRG.MI) Fundamental Analysis & Valuation

BIT:SRG • IT0003153415

Current stock price

6.67 EUR
+0.14 (+2.21%)
Last:

This SRG.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. SRG.MI Profitability Analysis

1.1 Basic Checks

  • SRG had positive earnings in the past year.
  • Each year in the past 5 years SRG has been profitable.
  • In multiple years SRG reported negative operating cash flow during the last 5 years.
SRG.MI Yearly Net Income VS EBIT VS OCF VS FCFSRG.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B

1.2 Ratios

  • SRG has a Return On Assets of 5.75%. This is in the better half of the industry: SRG outperforms 75.00% of its industry peers.
  • SRG has a better Return On Equity (22.63%) than 75.00% of its industry peers.
  • SRG has a Return On Invested Capital (7.47%) which is comparable to the rest of the industry.
Industry RankSector Rank
ROA 5.75%
ROE 22.63%
ROIC 7.47%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
SRG.MI Yearly ROA, ROE, ROICSRG.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • The Profit Margin of SRG (35.69%) is better than 100.00% of its industry peers.
  • SRG's Profit Margin has declined in the last couple of years.
  • The Operating Margin of SRG (48.14%) is better than 100.00% of its industry peers.
  • SRG's Operating Margin has declined in the last couple of years.
Industry RankSector Rank
OM 48.14%
PM (TTM) 35.69%
GM N/A
OM growth 3Y6.24%
OM growth 5Y-2.03%
PM growth 3Y19.64%
PM growth 5Y-3.83%
GM growth 3YN/A
GM growth 5YN/A
SRG.MI Yearly Profit, Operating, Gross MarginsSRG.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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2

2. SRG.MI Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SRG is still creating some value.
  • SRG has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
SRG.MI Yearly Shares OutstandingSRG.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B
SRG.MI Yearly Total Debt VS Total AssetsSRG.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

2.2 Solvency

  • Based on the Altman-Z score of 1.08, we must say that SRG is in the distress zone and has some risk of bankruptcy.
  • SRG has a Altman-Z score (1.08) which is comparable to the rest of the industry.
  • A Debt/Equity ratio of 1.87 is on the high side and indicates that SRG has dependencies on debt financing.
  • SRG's Debt to Equity ratio of 1.87 is in line compared to the rest of the industry. SRG outperforms 50.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.87
Debt/FCF N/A
Altman-Z 1.08
ROIC/WACC1.44
WACC5.18%
SRG.MI Yearly LT Debt VS Equity VS FCFSRG.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B

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 fine compared to the rest of the industry. SRG outperforms 75.00% of its industry peers.
  • A Quick Ratio of 0.66 indicates that SRG may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.66, SRG is doing worse than 75.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.9
Quick Ratio 0.66
SRG.MI Yearly Current Assets VS Current LiabilitesSRG.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

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4

3. SRG.MI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 9.95% over the past year.
  • Measured over the past 5 years, SRG shows a small growth in Earnings Per Share. The EPS has been growing by 2.79% on average per year.
  • The Revenue has grown by 9.01% in the past year. This is quite good.
  • SRG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.00% yearly.
EPS 1Y (TTM)9.95%
EPS 3Y5.57%
EPS 5Y2.79%
EPS Q2Q%14.94%
Revenue 1Y (TTM)9.01%
Revenue growth 3Y3.39%
Revenue growth 5Y7%
Sales Q2Q%47.38%

3.2 Future

  • SRG is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.17% yearly.
  • SRG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.06% yearly.
EPS Next Y0.09%
EPS Next 2Y2.05%
EPS Next 3Y2.64%
EPS Next 5Y3.17%
Revenue Next Year6.69%
Revenue Next 2Y5.95%
Revenue Next 3Y4.71%
Revenue Next 5Y5.06%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
SRG.MI Yearly Revenue VS EstimatesSRG.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1B 2B 3B 4B 5B
SRG.MI Yearly EPS VS EstimatesSRG.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0.1 0.2 0.3 0.4

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2

4. SRG.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 15.88, the valuation of SRG can be described as correct.
  • The rest of the industry has a similar Price/Earnings ratio as SRG.
  • The average S&P500 Price/Earnings ratio is at 25.60. SRG is valued slightly cheaper when compared to this.
  • A Price/Forward Earnings ratio of 15.87 indicates a correct valuation of SRG.
  • SRG's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SRG is cheaper than 75.00% of the companies in the same industry.
  • SRG's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.84.
Industry RankSector Rank
PE 15.88
Fwd PE 15.87
SRG.MI Price Earnings VS Forward Price EarningsSRG.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
SRG.MI Per share dataSRG.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.5 1 1.5 2 2.5

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates SRG does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)174.52
PEG (5Y)5.7
EPS Next 2Y2.05%
EPS Next 3Y2.64%

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6

5. SRG.MI Dividend Analysis

5.1 Amount

  • SRG has a Yearly Dividend Yield of 4.73%, which is a nice return.
  • Compared to an average industry Dividend Yield of 5.01, SRG pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.90, SRG pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.73%

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

  • The dividend of SRG is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP0%
EPS Next 2Y2.05%
EPS Next 3Y2.64%
SRG.MI Yearly Income VS Free CF VS DividendSRG.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B

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SRG.MI Fundamentals: All Metrics, Ratios and Statistics

SNAM SPA

BIT:SRG (4/2/2026, 7:00:00 PM)

6.67

+0.14 (+2.21%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)03-05
Earnings (Next)05-13
Inst Owners30.18%
Inst Owner ChangeN/A
Ins Owners7.45%
Ins Owner ChangeN/A
Market Cap22.42B
Revenue(TTM)5.79B
Net Income(TTM)2.07B
Analysts66.67
Price Target6.33 (-5.1%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.73%
Yearly Dividend0.28
Dividend Growth(5Y)4.51%
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.17%
Min EPS beat(2)3.49%
Max EPS beat(2)6.84%
EPS beat(4)3
Avg EPS beat(4)5.42%
Min EPS beat(4)-6.3%
Max EPS beat(4)17.64%
EPS beat(8)5
Avg EPS beat(8)3.97%
EPS beat(12)7
Avg EPS beat(12)2.43%
EPS beat(16)10
Avg EPS beat(16)2.3%
Revenue beat(2)2
Avg Revenue beat(2)0.74%
Min Revenue beat(2)0.19%
Max Revenue beat(2)1.28%
Revenue beat(4)2
Avg Revenue beat(4)-0.11%
Min Revenue beat(4)-1.8%
Max Revenue beat(4)1.28%
Revenue beat(8)2
Avg Revenue beat(8)-6.94%
Revenue beat(12)5
Avg Revenue beat(12)2.29%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)7.54%
PT rev (3m)9.3%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.52%
Revenue NQ rev (1m)0.1%
Revenue NQ rev (3m)0.39%
Revenue NY rev (1m)0.31%
Revenue NY rev (3m)0.31%
Valuation
Industry RankSector Rank
PE 15.88
Fwd PE 15.87
P/S 3.87
P/FCF N/A
P/OCF N/A
P/B 2.45
P/tB 3.09
EV/EBITDA N/A
EPS(TTM)0.42
EY6.3%
EPS(NY)0.42
Fwd EY6.3%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS1.72
BVpS2.72
TBVpS2.16
PEG (NY)174.52
PEG (5Y)5.7
Graham Number5.07
Profitability
Industry RankSector Rank
ROA 5.75%
ROE 22.63%
ROCE 10.24%
ROIC 7.47%
ROICexc 7.98%
ROICexgc 8.6%
OM 48.14%
PM (TTM) 35.69%
GM N/A
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y6.24%
OM growth 5Y-2.03%
PM growth 3Y19.64%
PM growth 5Y-3.83%
GM growth 3YN/A
GM growth 5YN/A
F-ScoreN/A
Asset Turnover0.16
Health
Industry RankSector Rank
Debt/Equity 1.87
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.9
Quick Ratio 0.66
Altman-Z 1.08
F-ScoreN/A
WACC5.18%
ROIC/WACC1.44
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)9.95%
EPS 3Y5.57%
EPS 5Y2.79%
EPS Q2Q%14.94%
EPS Next Y0.09%
EPS Next 2Y2.05%
EPS Next 3Y2.64%
EPS Next 5Y3.17%
Revenue 1Y (TTM)9.01%
Revenue growth 3Y3.39%
Revenue growth 5Y7%
Sales Q2Q%47.38%
Revenue Next Year6.69%
Revenue Next 2Y5.95%
Revenue Next 3Y4.71%
Revenue Next 5Y5.06%
EBIT growth 1Y7.1%
EBIT growth 3Y9.84%
EBIT growth 5Y4.83%
EBIT Next Year66.76%
EBIT Next 3Y22.26%
EBIT Next 5Y15.03%
FCF growth 1YN/A
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1YN/A
OCF growth 3YN/A
OCF growth 5YN/A

SNAM SPA / SRG.MI Fundamental Analysis FAQ

What is the ChartMill fundamental rating of SNAM SPA (SRG.MI) stock?

ChartMill assigns a fundamental rating of 3 / 10 to SRG.MI.


What is the valuation status for SRG stock?

ChartMill assigns a valuation rating of 2 / 10 to SNAM SPA (SRG.MI). This can be considered as Overvalued.


What is the profitability of SRG stock?

SNAM SPA (SRG.MI) has a profitability rating of 4 / 10.


How financially healthy is SNAM SPA?

The financial health rating of SNAM SPA (SRG.MI) is 2 / 10.


Is the dividend of SNAM SPA sustainable?

The dividend rating of SNAM SPA (SRG.MI) is 6 / 10 and the dividend payout ratio is 0%.