SNAM SPA (SRG.MI) Stock Fundamental Analysis
Europe - BIT:SRG - IT0003153415 - Common Stock
5.678 EUR
-0.04 (-0.63%)
SRG gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 5 industry peers in the Gas Utilities industry. While SRG is still in line with the averages on profitability rating, there are concerns on its financial health. 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.
In the past 5 years SRG has always been profitable.
Of the past 5 years SRG 4 years had a positive operating cash flow.
1.2 Ratios
SRG has a better Return On Assets (6.13%) than 100.00% of its industry peers.
SRG has a Return On Equity of 24.13%. This is in the better half of the industry: SRG outperforms 80.00% of its industry peers.
The Return On Invested Capital of SRG (7.18%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for SRG is in line with the industry average of 6.44%.
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
With an excellent Profit Margin value of 40.11%, SRG belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Profit Margin of SRG has declined.
SRG has a better Operating Margin (49.28%) than 100.00% of its industry peers.
In the last couple of years the Operating Margin of SRG has declined.
The Gross Margin of SRG (51.90%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of SRG has remained more or less at the same level.
| 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.
The number of shares outstanding for SRG has been increased compared to 5 years ago.
The debt/assets ratio for SRG is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.99, we must say that SRG is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.99, SRG is doing worse than 60.00% 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.
SRG has a Debt to Equity ratio of 1.87. This is in the lower half of the industry: SRG underperforms 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.87 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.99 |
ROIC/WACC1.43
WACC5.02%
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.
Looking at the Current ratio, with a value of 0.90, SRG is in line with its industry, outperforming 60.00% of the companies in the same industry.
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's Quick ratio of 0.66 is on the low side compared to the rest of the industry. SRG is outperformed by 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.66 |
3. Growth
3.1 Past
SRG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.70%, which is quite good.
Measured over the past 5 years, SRG shows a small growth in Earnings Per Share. The EPS has been growing by 2.97% on average per year.
SRG shows a decrease in Revenue. In the last year, the revenue decreased by -2.72%.
SRG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.01% yearly.
EPS 1Y (TTM)11.7%
EPS 3Y-5.86%
EPS 5Y2.97%
EPS Q2Q%-3.16%
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 4.05% yearly.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
Based on the Price/Earnings ratio of 14.94, the valuation of SRG can be described as correct.
SRG's Price/Earnings ratio is a bit more expensive when compared to the industry. SRG is more expensive than 60.00% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.56, SRG is valued a bit cheaper.
A Price/Forward Earnings ratio of 13.62 indicates a correct valuation of SRG.
80.00% of the companies in the same industry are more expensive than SRG, based on the Price/Forward Earnings ratio.
SRG is valuated cheaply when we compare the Price/Forward Earnings ratio to 34.62, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.94 | ||
| Fwd PE | 13.62 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as SRG.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.61 |
4.3 Compensation for Growth
SRG's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
SRG has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.63
PEG (5Y)5.03
EPS Next 2Y4.47%
EPS Next 3Y4.43%
5. Dividend
5.1 Amount
SRG has a Yearly Dividend Yield of 5.22%, which is a nice return.
SRG's Dividend Yield is a higher than the industry average which is at 4.82.
Compared to an average S&P500 Dividend Yield of 2.44, SRG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.22% |
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.
The dividend of SRG is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP43.67%
EPS Next 2Y4.47%
EPS Next 3Y4.43%
BIT:SRG (11/18/2025, 1:02:18 PM)
5.678
-0.04 (-0.63%)
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 Cap19.08B
Revenue(TTM)5.58B
Net Income(TTM)2.21B
Analysts68.7
Price Target5.55 (-2.25%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.22% |
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)1.03%
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 | 14.94 | ||
| Fwd PE | 13.62 | ||
| P/S | 3.47 | ||
| P/FCF | N/A | ||
| P/OCF | 10.16 | ||
| P/B | 2.09 | ||
| P/tB | 2.63 | ||
| EV/EBITDA | 9.61 |
EPS(TTM)0.38
EY6.69%
EPS(NY)0.42
Fwd EY7.34%
FCF(TTM)-0.29
FCFYN/A
OCF(TTM)0.56
OCFY9.84%
SpS1.64
BVpS2.72
TBVpS2.16
PEG (NY)1.63
PEG (5Y)5.03
Graham Number4.82
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 | 0.99 |
F-Score5
WACC5.02%
ROIC/WACC1.43
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)11.7%
EPS 3Y-5.86%
EPS 5Y2.97%
EPS Q2Q%-3.16%
EPS Next Y9.14%
EPS Next 2Y4.47%
EPS Next 3Y4.43%
EPS Next 5Y4.05%
Revenue 1Y (TTM)-2.72%
Revenue growth 3Y2.67%
Revenue growth 5Y6.01%
Sales Q2Q%-11.65%
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 6 / 10.
Can you provide the PE and PB ratios for SRG stock?
The Price/Earnings (PE) ratio for SNAM SPA (SRG.MI) is 14.94 and the Price/Book (PB) ratio is 2.09.
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%.