SNAM SPA (SRG.MI) Stock Fundamental Analysis
Europe - BIT:SRG - IT0003153415 - Common Stock
5.64 EUR
+0.04 (+0.71%)
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 an excellent profitability rating, but there are concerns on its financial health. SRG has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year SRG was profitable.
In the past year SRG had a positive cash flow from operations.
Each year in the past 5 years SRG has been profitable.
SRG had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
SRG's Return On Assets of 6.13% is amongst the best of the industry. SRG outperforms 100.00% of its industry peers.
SRG has a better Return On Equity (24.13%) than 83.33% of its industry peers.
SRG has a Return On Invested Capital of 7.18%. This is comparable to the rest of the industry: SRG outperforms 50.00% of its industry peers.
SRG had an Average Return On Invested Capital over the past 3 years of 4.63%. This is below the industry average of 6.79%.
The 3 year average ROIC (4.63%) for SRG is below the current ROIC(7.18%), indicating increased profibility in the last year.
| 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
The Profit Margin of SRG (40.11%) is better than 100.00% of its industry peers.
In the last couple of years the Profit Margin of SRG has declined.
SRG has a Operating Margin of 49.28%. This is amongst the best in the industry. SRG outperforms 100.00% of its industry peers.
SRG's Operating Margin has declined in the last couple of years.
The Gross Margin of SRG (51.90%) is better than 66.67% of its industry peers.
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SRG is still creating some value.
SRG has about the same amout of shares outstanding than it did 1 year ago.
SRG has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, SRG has a worse debt to assets ratio.
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.
SRG has a Altman-Z score of 0.98. This is comparable to the rest of the industry: SRG outperforms 50.00% 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 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.87 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.98 |
ROIC/WACC1.44
WACC5%
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 has a Current ratio (0.90) which is in line with its industry peers.
SRG has a Quick 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 has a worse Quick ratio (0.66) than 66.67% 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 12.43% over the past year.
The Earnings Per Share has been growing slightly by 2.97% on average over the past years.
The Revenue has decreased by -7.46% in the past year.
SRG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.01% yearly.
EPS 1Y (TTM)12.43%
EPS 3Y-5.86%
EPS 5Y2.97%
EPS Q2Q%-4.76%
Revenue 1Y (TTM)-7.46%
Revenue growth 3Y2.67%
Revenue growth 5Y6.01%
Sales Q2Q%3.54%
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 4.05% on average per year.
The Revenue is expected to grow by 3.37% on average over the next years.
EPS Next Y9.14%
EPS Next 2Y4.47%
EPS Next 3Y4.43%
EPS Next 5Y4.05%
Revenue Next Year-0.63%
Revenue Next 2Y3.03%
Revenue Next 3Y3.8%
Revenue Next 5Y3.37%
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 14.10 indicates a correct valuation of SRG.
Based on the Price/Earnings ratio, SRG is valued a bit more expensive than 66.67% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.28. SRG is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 13.53, SRG is valued correctly.
SRG's Price/Forward Earnings ratio is rather cheap when compared to the industry. SRG is cheaper than 83.33% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 33.61. SRG is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.1 | ||
| Fwd PE | 13.53 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SRG is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.5 |
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)1.54
PEG (5Y)4.75
EPS Next 2Y4.47%
EPS Next 3Y4.43%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.34%, SRG is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.00, 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 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.34% |
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 2Y4.47%
EPS Next 3Y4.43%
BIT:SRG (11/10/2025, 5:35:30 PM)
5.64
+0.04 (+0.71%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners29.49%
Inst Owner ChangeN/A
Ins Owners7.45%
Ins Owner ChangeN/A
Market Cap18.96B
Revenue(TTM)5.50B
Net Income(TTM)2.21B
Analysts68.7
Price Target5.55 (-1.6%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.34% |
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)0.41%
PT rev (3m)0.72%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0.35%
EPS NY rev (3m)3.98%
Revenue NQ rev (1m)0.51%
Revenue NQ rev (3m)1.19%
Revenue NY rev (1m)-0.68%
Revenue NY rev (3m)-0.93%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.1 | ||
| Fwd PE | 13.53 | ||
| P/S | 3.45 | ||
| P/FCF | N/A | ||
| P/OCF | 10.09 | ||
| P/B | 2.07 | ||
| P/tB | 2.62 | ||
| EV/EBITDA | 9.5 |
EPS(TTM)0.4
EY7.09%
EPS(NY)0.42
Fwd EY7.39%
FCF(TTM)-0.29
FCFYN/A
OCF(TTM)0.56
OCFY9.91%
SpS1.64
BVpS2.72
TBVpS2.16
PEG (NY)1.54
PEG (5Y)4.75
Graham Number4.95
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 | 0.98 |
F-Score5
WACC5%
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)12.43%
EPS 3Y-5.86%
EPS 5Y2.97%
EPS Q2Q%-4.76%
EPS Next Y9.14%
EPS Next 2Y4.47%
EPS Next 3Y4.43%
EPS Next 5Y4.05%
Revenue 1Y (TTM)-7.46%
Revenue growth 3Y2.67%
Revenue growth 5Y6.01%
Sales Q2Q%3.54%
Revenue Next Year-0.63%
Revenue Next 2Y3.03%
Revenue Next 3Y3.8%
Revenue Next 5Y3.37%
EBIT growth 1Y11.62%
EBIT growth 3Y5.97%
EBIT growth 5Y3.08%
EBIT Next Year69.4%
EBIT Next 3Y23.61%
EBIT Next 5Y15.43%
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.
Can you provide the valuation status for SNAM SPA?
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 7 / 10.
Can you provide the PE and PB ratios for SRG stock?
The Price/Earnings (PE) ratio for SNAM SPA (SRG.MI) is 14.1 and the Price/Book (PB) ratio is 2.07.
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%.