SNAM SPA (SRG.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:SRG - IT0003153415 - Common Stock
5.81 EUR
-0.08 (-1.32%)
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 a medium profitability rating, but doesn't score so well on its financial health evaluation. 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.
SRG had a positive operating cash flow in the past year.
SRG had positive earnings in each of the past 5 years.
SRG had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 6.13%, SRG belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
The Return On Equity of SRG (24.13%) is better than 66.67% of its industry peers.
SRG has a Return On Invested Capital (7.18%) which is comparable to the rest of the industry.
SRG had an Average Return On Invested Capital over the past 3 years of 4.63%. This is below the industry average of 7.08%.
The last Return On Invested Capital (7.18%) for SRG is above the 3 year average (4.63%), which is a sign of increasing profitability.
| 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
Looking at the Profit Margin, with a value of 40.11%, SRG belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
SRG's Profit Margin has declined in the last couple of years.
With an excellent Operating Margin value of 49.28%, SRG belongs to the best 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.
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.
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.
The number of shares outstanding for SRG has been increased compared to 5 years ago.
SRG has a worse debt/assets ratio than last year.
2.2 Solvency
SRG has an Altman-Z score of 1.00. 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 1.00, SRG is doing worse than 66.67% of the companies in the same industry.
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 | 1 |
ROIC/WACC1.44
WACC4.99%
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.
SRG has a worse Quick ratio (0.66) than 83.33% of its industry peers.
| 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 14.65% over the past year.
The Earnings Per Share has been growing slightly by 2.97% on average over the past years.
Looking at the last year, SRG shows a decrease in Revenue. The Revenue has decreased by -2.72% in the last 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
SRG is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.19% yearly.
Based on estimates for the next years, SRG will show a small growth in Revenue. The Revenue will grow by 3.04% on average per year.
EPS Next Y10.18%
EPS Next 2Y5.18%
EPS Next 3Y4.78%
EPS Next 5Y4.19%
Revenue Next Year-0.84%
Revenue Next 2Y2.72%
Revenue Next 3Y3.52%
Revenue Next 5Y3.04%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 14.17 indicates a correct valuation of SRG.
Compared to the rest of the industry, the Price/Earnings ratio of SRG indicates a slightly more expensive valuation: SRG is more expensive than 66.67% of the companies listed in the same industry.
SRG is valuated rather cheaply when we compare the Price/Earnings ratio to 27.19, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 13.75, SRG is valued correctly.
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 rather cheaply when we compare the Price/Forward Earnings ratio to 23.92, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.17 | ||
| Fwd PE | 13.75 |
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 | 9.76 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of SRG may justify a higher PE ratio.
PEG (NY)1.39
PEG (5Y)4.77
EPS Next 2Y5.18%
EPS Next 3Y4.78%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.99%, SRG is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.78, SRG pays a bit more dividend than its industry peers.
SRG's Dividend Yield is rather good when compared to the S&P500 average which is at 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.99% |
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
43.67% of the earnings are spent on dividend by SRG. 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 2Y5.18%
EPS Next 3Y4.78%
BIT:SRG (1/12/2026, 5:35:30 PM)
5.81
-0.08 (-1.32%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners28.93%
Inst Owner ChangeN/A
Ins Owners7.45%
Ins Owner ChangeN/A
Market Cap19.53B
Revenue(TTM)5.58B
Net Income(TTM)2.21B
Analysts66.09
Price Target5.79 (-0.34%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.99% |
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)1.04%
PT rev (3m)4.71%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0.3%
EPS NY rev (3m)1.3%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.51%
Revenue NY rev (1m)-0.43%
Revenue NY rev (3m)-0.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.17 | ||
| Fwd PE | 13.75 | ||
| P/S | 3.55 | ||
| P/FCF | N/A | ||
| P/OCF | 10.4 | ||
| P/B | 2.14 | ||
| P/tB | 2.69 | ||
| EV/EBITDA | 9.76 |
EPS(TTM)0.41
EY7.06%
EPS(NY)0.42
Fwd EY7.27%
FCF(TTM)-0.29
FCFYN/A
OCF(TTM)0.56
OCFY9.62%
SpS1.64
BVpS2.72
TBVpS2.16
PEG (NY)1.39
PEG (5Y)4.77
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 | 1 |
F-Score5
WACC4.99%
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)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 5Y4.19%
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 5Y3.04%
EBIT growth 1Y11.62%
EBIT growth 3Y5.97%
EBIT growth 5Y3.08%
EBIT Next Year70.37%
EBIT Next 3Y23.42%
EBIT Next 5Y15.18%
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 14.17 and the Price/Book (PB) ratio is 2.14.
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%.