SNAM SPA (SRG.MI) Fundamental Analysis & Valuation

BIT:SRG • IT0003153415

Current stock price

6.772 EUR
-0.04 (-0.53%)
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

  • In the past year SRG was profitable.
  • In the past 5 years SRG has always 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

  • Looking at the Return On Assets, with a value of 5.75%, SRG is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 22.63%, SRG is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
  • The Return On Invested Capital of SRG (7.47%) is worse than 60.00% of its industry peers.
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

  • SRG has a Profit Margin of 35.69%. 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.
  • Looking at the Operating Margin, with a value of 48.14%, SRG belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • 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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1

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.
  • There is no outstanding debt for SRG. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and 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 1.09, we must say that SRG is in the distress zone and has some risk of bankruptcy.
  • SRG has a Altman-Z score of 1.09. This is in the lower half of the industry: SRG underperforms 60.00% of its industry peers.
  • SRG has a Debt/Equity ratio of 1.87. This is a high value indicating a heavy dependency on external financing.
  • SRG's Debt to Equity ratio of 1.87 is on the low side compared to the rest of the industry. SRG is outperformed by 60.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.87
Debt/FCF N/A
Altman-Z 1.09
ROIC/WACC1.43
WACC5.21%
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

  • A Current Ratio of 0.90 indicates that SRG may have some problems paying its short term obligations.
  • The Current ratio of SRG (0.90) 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.
  • Looking at the Quick ratio, with a value of 0.66, SRG is doing worse than 80.00% 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.
  • 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.
  • Based on estimates for the next years, SRG will show a small growth in Revenue. The Revenue will grow by 5.06% on average per year.
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.
  • 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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2

4. SRG.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 16.12, the valuation of SRG can be described as correct.
  • Based on the Price/Earnings ratio, SRG is valued a bit more expensive than 60.00% of the companies in the same industry.
  • SRG is valuated rather cheaply when we compare the Price/Earnings ratio to 26.91, which is the current average of the S&P500 Index.
  • SRG is valuated correctly with a Price/Forward Earnings ratio of 16.11.
  • SRG's Price/Forward Earnings is on the same level as the industry average.
  • When comparing the Price/Forward Earnings ratio of SRG to the average of the S&P500 Index (23.68), we can say SRG is valued slightly cheaper.
Industry RankSector Rank
PE 16.12
Fwd PE 16.11
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 an expensive valuation of the company.
PEG (NY)177.18
PEG (5Y)5.79
EPS Next 2Y2.05%
EPS Next 3Y2.64%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. SRG.MI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.73%, SRG is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 5.15, SRG has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.89, 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 (4/10/2026, 2:45:06 PM)

6.772

-0.04 (-0.53%)

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 Cap22.76B
Revenue(TTM)5.79B
Net Income(TTM)2.07B
Analysts66.67
Price Target6.33 (-6.53%)
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 16.12
Fwd PE 16.11
P/S 3.93
P/FCF N/A
P/OCF N/A
P/B 2.49
P/tB 3.14
EV/EBITDA N/A
EPS(TTM)0.42
EY6.2%
EPS(NY)0.42
Fwd EY6.21%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS1.72
BVpS2.72
TBVpS2.16
PEG (NY)177.18
PEG (5Y)5.79
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 1.09
F-ScoreN/A
WACC5.21%
ROIC/WACC1.43
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 1 / 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 0%.