SNAM SPA (SRG.MI) Fundamental Analysis & Valuation

BIT:SRG • IT0003153415

Current stock price

6.528 EUR
-0.11 (-1.69%)
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.
  • In the past year SRG had a positive cash flow from operations.
  • SRG had positive earnings in each of the past 5 years.
  • Of the past 5 years SRG 4 years had a positive operating cash flow.
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 5.59%. This is in the better half of the industry: SRG outperforms 80.00% of its industry peers.
  • With a decent Return On Equity value of 22.40%, SRG is doing good in the industry, outperforming 80.00% of the companies in the same industry.
  • SRG has a Return On Invested Capital of 7.92%. This is in the better half of the industry: SRG outperforms 80.00% of its industry peers.
  • 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 Profit Margin of 35.70%. 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's Operating Margin of 48.73% is amongst the best of the industry. SRG outperforms 100.00% of its industry peers.
  • SRG's Operating Margin has been stable in the last couple of years.
  • With a Gross Margin value of 54.25%, SRG is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
  • 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.
  • The number of shares outstanding for SRG has been increased compared to 5 years ago.
  • 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 0.98. 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 (0.98) is worse than 80.00% of its industry peers.
  • SRG has a Debt/Equity ratio of 1.65. This is a high value indicating a heavy dependency on external financing.
  • SRG has a Debt to Equity ratio of 1.65. This is in the lower half of the industry: SRG underperforms 60.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.65
Debt/FCF N/A
Altman-Z 0.98
ROIC/WACC1.56
WACC5.08%
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.
  • SRG has a worse Current ratio (0.72) than 80.00% of its industry peers.
  • A Quick Ratio of 0.53 indicates that SRG may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.53, SRG is doing worse than 80.00% of the companies in the same industry.
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

  • 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

  • Based on estimates for the next years, SRG will show a small growth in Earnings Per Share. The EPS will grow by 3.17% on average per year.
  • 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 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

  • 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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4

4. SRG.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 15.54, SRG is valued correctly.
  • SRG's Price/Earnings ratio is in line with the industry average.
  • SRG's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.87.
  • SRG is valuated correctly with a Price/Forward Earnings ratio of 15.31.
  • SRG's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SRG is cheaper than 80.00% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 38.51. SRG is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 15.54
Fwd PE 15.31
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

  • SRG's Enterprise Value to EBITDA is on the same level as the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 10.03
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.
  • SRG has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)10.21
PEG (5Y)5.58
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 4.55%, SRG is a good candidate for dividend investing.
  • SRG's Dividend Yield is comparable with the industry average which is at 4.33.
  • Compared to an average S&P500 Dividend Yield of 1.81, SRG pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.55%

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.
  • The dividend of SRG is growing, but the earnings are growing slower. 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 (4/17/2026, 7:00:00 PM)

6.528

-0.11 (-1.69%)

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 Cap21.94B
Revenue(TTM)5.79B
Net Income(TTM)2.07B
Analysts66.67
Price Target6.45 (-1.19%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.55%
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 15.54
Fwd PE 15.31
P/S 3.79
P/FCF N/A
P/OCF 8.16
P/B 2.38
P/tB 3.02
EV/EBITDA 10.03
EPS(TTM)0.42
EY6.43%
EPS(NY)0.43
Fwd EY6.53%
FCF(TTM)-0.01
FCFYN/A
OCF(TTM)0.8
OCFY12.25%
SpS1.72
BVpS2.75
TBVpS2.16
PEG (NY)10.21
PEG (5Y)5.58
Graham Number5.09631 (-21.93%)
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 0.98
F-Score8
WACC5.08%
ROIC/WACC1.56
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 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.


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 6 / 10 and the dividend payout ratio is 47.08%.