SNAM SPA (SRG.MI) Fundamental Analysis & Valuation

BIT:SRG • IT0003153415

Current stock price

6.7 EUR
+0.02 (+0.3%)
Last:

This SRG.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. SRG.MI Profitability Analysis

1.1 Basic Checks

  • In the past year SRG was profitable.
  • 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.
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 5.59%, 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 22.40%, SRG is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
  • SRG has a better Return On Invested Capital (7.92%) than 80.00% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for SRG is in line with the industry average of 6.66%.
  • 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

  • The Profit Margin of SRG (35.70%) is better than 100.00% of its industry peers.
  • In the last couple of years the Profit Margin of SRG has declined.
  • With an excellent Operating Margin value of 48.73%, 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 Operating Margin of SRG has remained more or less at the same level.
  • Looking at the Gross Margin, with a value of 54.25%, SRG is in line with its industry, outperforming 60.00% of the companies in the same industry.
  • SRG's Gross Margin has been stable in the last couple of years.
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

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SRG is still 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.
  • The debt/assets ratio for SRG is higher compared to a year ago.
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

  • Based on the Altman-Z score of 0.98, we must say that SRG is in the distress zone and has some risk of bankruptcy.
  • SRG has a Altman-Z score of 0.98. This is amonst the worse of the industry: SRG underperforms 80.00% of its industry peers.
  • A Debt/Equity ratio of 1.65 is on the high side and indicates that SRG has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 1.65, SRG is doing worse than 60.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.65
Debt/FCF N/A
Altman-Z 0.98
ROIC/WACC1.54
WACC5.13%
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's Current ratio of 0.72 is on the low side compared to the rest of the industry. SRG is outperformed by 80.00% of its industry peers.
  • SRG has a Quick 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.
  • With a Quick ratio value of 0.53, SRG is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
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.
  • SRG shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.79% yearly.
  • 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

  • Based on estimates for the next years, SRG will show a small growth in Earnings Per Share. The EPS will grow by 3.70% on average per year.
  • SRG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.25% yearly.
EPS Next Y1.52%
EPS Next 2Y2.44%
EPS Next 3Y3.27%
EPS Next 5Y3.7%
Revenue Next Year5.92%
Revenue Next 2Y5.2%
Revenue Next 3Y4.95%
Revenue Next 5Y4.25%

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.
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
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 0.5

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3

4. SRG.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • SRG is valuated correctly with a Price/Earnings ratio of 15.95.
  • Based on the Price/Earnings ratio, SRG is valued a bit more expensive than 60.00% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.91, SRG is valued a bit cheaper.
  • SRG is valuated correctly with a Price/Forward Earnings ratio of 15.71.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of SRG indicates a somewhat cheap valuation: SRG is cheaper than 80.00% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 21.99. SRG is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 15.95
Fwd PE 15.71
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

  • SRG's Enterprise Value to EBITDA 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.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 10.07
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 SRG does not grow enough to justify the current Price/Earnings ratio.
  • The decent profitability rating of SRG may justify a higher PE ratio.
PEG (NY)10.48
PEG (5Y)5.73
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 4.44%, SRG is a good candidate for dividend investing.
  • SRG's Dividend Yield is comparable with the industry average which is at 4.66.
  • SRG's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.44%

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

  • 47.08% 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.
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 (4/28/2026, 7:00:00 PM)

6.7

+0.02 (+0.3%)

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 Cap22.52B
Revenue(TTM)5.79B
Net Income(TTM)2.07B
Analysts66.67
Price Target6.45 (-3.73%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.44%
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)9.61%
PT rev (3m)11.2%
EPS NQ rev (1m)-7.31%
EPS NQ rev (3m)-7.31%
EPS NY rev (1m)1.43%
EPS NY rev (3m)0.93%
Revenue NQ rev (1m)3.29%
Revenue NQ rev (3m)3.7%
Revenue NY rev (1m)-0.41%
Revenue NY rev (3m)-0.41%
Valuation
Industry RankSector Rank
PE 15.95
Fwd PE 15.71
P/S 3.89
P/FCF N/A
P/OCF 8.38
P/B 2.44
P/tB 3.1
EV/EBITDA 10.07
EPS(TTM)0.42
EY6.27%
EPS(NY)0.43
Fwd EY6.36%
FCF(TTM)-0.01
FCFYN/A
OCF(TTM)0.8
OCFY11.94%
SpS1.72
BVpS2.75
TBVpS2.16
PEG (NY)10.48
PEG (5Y)5.73
Graham Number5.09631 (-23.94%)
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
WACC5.13%
ROIC/WACC1.54
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 5Y3.7%
Revenue 1Y (TTM)9.01%
Revenue growth 3Y3.39%
Revenue growth 5Y7%
Sales Q2Q%47.38%
Revenue Next Year5.92%
Revenue Next 2Y5.2%
Revenue Next 3Y4.95%
Revenue Next 5Y4.25%
EBIT growth 1Y8.41%
EBIT growth 3Y10.84%
EBIT growth 5Y5.4%
EBIT Next Year67.18%
EBIT Next 3Y22.76%
EBIT Next 5Y15.28%
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 3 / 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 7 / 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%.