SNAM SPA (SRG.MI) Fundamental Analysis & Valuation

BIT:SRG • IT0003153415

Current stock price

6.734 EUR
-0.06 (-0.94%)
Last:

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

6

1. SRG.MI Profitability Analysis

1.1 Basic Checks

  • In the past year SRG was profitable.
  • SRG had a positive operating cash flow in the past year.
  • In the past 5 years SRG has always been profitable.
  • SRG had a positive operating cash flow in 4 of the past 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's Return On Assets of 5.59% is fine compared to the rest of the industry. SRG outperforms 80.00% of its industry peers.
  • SRG's Return On Equity of 22.40% is fine compared to the rest of the industry. SRG outperforms 80.00% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 7.92%, SRG is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
  • SRG had an Average Return On Invested Capital over the past 3 years of 4.85%. This is in line with the industry average of 6.49%.
  • The 3 year average ROIC (4.85%) for SRG is below the current ROIC(7.92%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.59%
ROE 22.4%
ROIC 7.92%
ROA(3y)3.45%
ROA(5y)3.58%
ROE(3y)14.24%
ROE(5y)14.49%
ROIC(3y)4.85%
ROIC(5y)4.87%
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

  • SRG has a better Profit Margin (35.70%) than 100.00% of its industry peers.
  • SRG's Profit Margin has declined in the last couple of years.
  • The Operating Margin of SRG (48.73%) is better than 100.00% of its industry peers.
  • SRG's Operating Margin has been stable in the last couple of years.
  • Looking at the Gross Margin, with a value of 54.25%, SRG is doing worse than 60.00% 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 RankSector Rank
OM 48.73%
PM (TTM) 35.7%
GM 54.25%
OM growth 3Y7.21%
OM growth 5Y-1.49%
PM growth 3Y19.64%
PM growth 5Y-3.83%
GM growth 3Y6.17%
GM growth 5Y-0.2%
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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0

2. SRG.MI Health Analysis

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.
  • Compared to 1 year ago, SRG has about the same amount of shares outstanding.
  • Compared to 5 years ago, SRG has more shares outstanding
  • Compared to 1 year ago, SRG has a worse debt to assets ratio.
SRG.MI Yearly Shares OutstandingSRG.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 10B 20B 30B

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.
  • The Altman-Z score of SRG (0.99) is worse than 80.00% of its industry peers.
  • A Debt/Equity ratio of 1.65 is on the high side and indicates that SRG has dependencies on debt financing.
  • With a Debt to Equity ratio value of 1.65, SRG is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.65
Debt/FCF N/A
Altman-Z 0.99
ROIC/WACC1.54
WACC5.15%
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 2025 0 5B 10B

2.3 Liquidity

  • SRG has a Current Ratio of 0.72. This is a bad value and indicates that SRG is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Current ratio value of 0.72, SRG is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
  • SRG has a Quick Ratio of 0.72. 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 Quick ratio of 0.53. This is amonst the worse of the industry: SRG underperforms 80.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.72
Quick Ratio 0.53
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 2025 2B 4B 6B 8B 10B

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4

3. SRG.MI Growth Analysis

3.1 Past

  • SRG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.95%, which is quite good.
  • The Earnings Per Share has been growing slightly by 2.79% on average over the past years.
  • The Revenue has grown by 9.01% in the past year. This is quite good.
  • The Revenue has been growing slightly by 7.00% on average over the past years.
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

  • The Earnings Per Share is expected to grow by 3.17% on average over the next years.
  • The Revenue is expected to grow by 5.06% on average over the next years.
EPS Next Y1.52%
EPS Next 2Y2.44%
EPS Next 3Y3.27%
EPS Next 5Y3.17%
Revenue Next Year6.69%
Revenue Next 2Y5.95%
Revenue Next 3Y4.71%
Revenue Next 5Y5.06%

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 stable.
  • 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.
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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4

4. SRG.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 16.03, which indicates a correct valuation of SRG.
  • SRG's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 26.86, SRG is valued a bit cheaper.
  • A Price/Forward Earnings ratio of 15.79 indicates a correct valuation of SRG.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of SRG indicates a somewhat cheap valuation: SRG is cheaper than 80.00% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 37.39, SRG is valued rather cheaply.
Industry RankSector Rank
PE 16.03
Fwd PE 15.79
SRG.MI Price Earnings VS Forward Price EarningsSRG.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as SRG.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 10.17
SRG.MI Per share dataSRG.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 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 an expensive valuation of the company.
  • The decent profitability rating of SRG may justify a higher PE ratio.
PEG (NY)10.54
PEG (5Y)5.76
EPS Next 2Y2.44%
EPS Next 3Y3.27%

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6

5. SRG.MI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.44%, SRG is a good candidate for dividend investing.
  • SRG's Dividend Yield is comparable with the industry average which is at 4.22.
  • Compared to an average S&P500 Dividend Yield of 1.82, SRG pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.44%

5.2 History

  • The dividend of SRG has a limited annual growth rate of 4.11%.
Dividend Growth(5Y)4.11%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • SRG pays out 47.08% 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.
DP47.08%
EPS Next 2Y2.44%
EPS Next 3Y3.27%
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
SRG.MI Dividend Payout.SRG.MI Dividend Payout, showing the Payout Ratio.SRG.MI Dividend Payout.PayoutRetained Earnings

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SRG.MI Fundamentals: All Metrics, Ratios and Statistics

SNAM SPA

BIT:SRG (4/13/2026, 5:36:15 PM)

6.734

-0.06 (-0.94%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)03-05
Earnings (Next)05-13
Inst Owners30.19%
Inst Owner ChangeN/A
Ins Owners7.45%
Ins Owner ChangeN/A
Market Cap22.63B
Revenue(TTM)5.79B
Net Income(TTM)2.07B
Analysts66.67
Price Target6.47 (-3.92%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.44%
Yearly Dividend0.29
Dividend Growth(5Y)4.11%
DP47.08%
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)9.98%
PT rev (3m)11.78%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)1.43%
EPS NY rev (3m)0.9%
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 16.03
Fwd PE 15.79
P/S 3.91
P/FCF N/A
P/OCF 8.42
P/B 2.45
P/tB 3.11
EV/EBITDA 10.17
EPS(TTM)0.42
EY6.24%
EPS(NY)0.43
Fwd EY6.33%
FCF(TTM)-0.01
FCFYN/A
OCF(TTM)0.8
OCFY11.88%
SpS1.72
BVpS2.75
TBVpS2.16
PEG (NY)10.54
PEG (5Y)5.76
Graham Number5.1
Profitability
Industry RankSector Rank
ROA 5.59%
ROE 22.4%
ROCE 10.82%
ROIC 7.92%
ROICexc 8.44%
ROICexgc 9.15%
OM 48.73%
PM (TTM) 35.7%
GM 54.25%
FCFM N/A
ROA(3y)3.45%
ROA(5y)3.58%
ROE(3y)14.24%
ROE(5y)14.49%
ROIC(3y)4.85%
ROIC(5y)4.87%
ROICexc(3y)5.17%
ROICexc(5y)5.21%
ROICexgc(3y)5.55%
ROICexgc(5y)5.57%
ROCE(3y)6.88%
ROCE(5y)6.96%
ROICexgc growth 3Y3.37%
ROICexgc growth 5Y-1.87%
ROICexc growth 3Y2.9%
ROICexc growth 5Y-2.15%
OM growth 3Y7.21%
OM growth 5Y-1.49%
PM growth 3Y19.64%
PM growth 5Y-3.83%
GM growth 3Y6.17%
GM growth 5Y-0.2%
F-Score8
Asset Turnover0.16
Health
Industry RankSector Rank
Debt/Equity 1.65
Debt/FCF N/A
Debt/EBITDA 3.89
Cap/Depr 245.83%
Cap/Sales 46.75%
Interest Coverage 6.71
Cash Conversion 68.47%
Profit Quality N/A
Current Ratio 0.72
Quick Ratio 0.53
Altman-Z 0.99
F-Score8
WACC5.15%
ROIC/WACC1.54
Cap/Depr(3y)242.02%
Cap/Depr(5y)205.26%
Cap/Sales(3y)63.5%
Cap/Sales(5y)53.17%
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 Y1.52%
EPS Next 2Y2.44%
EPS Next 3Y3.27%
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 1Y8.41%
EBIT growth 3Y10.84%
EBIT growth 5Y5.4%
EBIT Next Year67.18%
EBIT Next 3Y22.76%
EBIT Next 5Y15.03%
FCF growth 1Y97.9%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y48.18%
OCF growth 3Y-13.19%
OCF growth 5Y10.97%

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 3 / 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 6 / 10.


How financially healthy is SNAM SPA?

The financial health rating of SNAM SPA (SRG.MI) is 0 / 10.


Is the dividend of SNAM SPA sustainable?

The dividend rating of SNAM SPA (SRG.MI) is 5 / 10 and the dividend payout ratio is 47.08%.