SAIPEM S.P.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.286 EUR | -1.68% |
|
-0.61% | +55.51% |
| May. 30 | MESC Unit Lands $60 Million Supply Contract from Saipem JV | MT |
| May. 29 | EU might crown Qatar LNG over the US under the recently-enacted methane regulation |  |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,340 | 2,191 | 1,826 | 2,250 | 2,933 | 4,561 | - | - |
| Enterprise Value (EV) 1 | 5,422 | 3,417 | 3,367 | 2,514 | 3,194 | 4,730 | 4,303 | 3,937 |
| P/E ratio | 367 x | -1.96 x | -0.76 x | -10.8 x | 16.4 x | 13.2 x | 9.23 x | 7.71 x |
| Yield | 0.23% | - | - | - | - | 2.28% | 3.23% | 4.18% |
| Capitalization / Revenue | 0.48 x | 0.3 x | 0.27 x | 0.23 x | 0.25 x | 0.35 x | 0.34 x | 0.33 x |
| EV / Revenue | 0.6 x | 0.47 x | 0.49 x | 0.25 x | 0.27 x | 0.36 x | 0.32 x | 0.28 x |
| EV / EBITDA | 4.42 x | 5.56 x | -2.82 x | 4.22 x | 3.45 x | 3.74 x | 2.95 x | 2.48 x |
| EV / FCF | 6.11 x | -18.3 x | -17.4 x | -4.8 x | 12.9 x | 14.1 x | 8.53 x | 5.84 x |
| FCF Yield | 16.4% | -5.47% | -5.73% | -20.8% | 7.76% | 7.09% | 11.7% | 17.1% |
| Price to Book | 1.1 x | 0.76 x | 5.72 x | 1.09 x | 1.23 x | 1.7 x | 1.48 x | 1.3 x |
| Nbr of stocks (in thousands) | 20,921 | 20,862 | 20,779 | 1,995,110 | 1,995,144 | 1,995,160 | - | - |
| Reference price 2 | 207.4 | 105.0 | 87.86 | 1.128 | 1.470 | 2.286 | 2.286 | 2.286 |
| Announcement Date | 2/26/20 | 2/25/21 | 2/24/22 | 2/28/23 | 2/28/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,099 | 7,342 | 6,875 | 9,980 | 11,874 | 13,028 | 13,603 | 13,890 |
| EBITDA 1 | 1,226 | 614 | -1,192 | 595 | 926 | 1,266 | 1,456 | 1,584 |
| EBIT 1 | 609 | 23 | -1,713 | 150 | 437 | 657.8 | 850.7 | 966.5 |
| Operating Margin | 6.69% | 0.31% | -24.92% | 1.5% | 3.68% | 5.05% | 6.25% | 6.96% |
| Earnings before Tax (EBT) 1 | 228 | -974 | -2,397 | -162 | 330 | 518.5 | 754.2 | 903.6 |
| Net income 1 | 12 | -1,136 | -2,467 | -209 | 179 | 349.7 | 501.4 | 592.5 |
| Net margin | 0.13% | -15.47% | -35.88% | -2.09% | 1.51% | 2.68% | 3.69% | 4.27% |
| EPS 2 | 0.5652 | -53.52 | -116.2 | -0.1047 | 0.0897 | 0.1730 | 0.2476 | 0.2966 |
| Free Cash Flow 1 | 887 | -187 | -193 | -524 | 248 | 335.5 | 504.3 | 674 |
| FCF margin | 9.75% | -2.55% | -2.81% | -5.25% | 2.09% | 2.58% | 3.71% | 4.85% |
| FCF Conversion (EBITDA) | 72.35% | - | - | - | 26.78% | 26.51% | 34.63% | 42.54% |
| FCF Conversion (Net income) | 7,391.67% | - | - | - | 138.55% | 95.94% | 100.57% | 113.75% |
| Dividend per Share 2 | 0.4762 | - | - | - | - | 0.0522 | 0.0737 | 0.0955 |
| Announcement Date | 2/26/20 | 2/25/21 | 2/24/22 | 2/28/23 | 2/28/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,675 | 3,200 | 1,864 | 1,811 | 1,942 | 2,493 | 4,435 | 3,006 | 2,937 | 2,582 | 2,765 | 3,016 | 3,511 | 3,047 | 3,092 | 3,351 | 3,640 | 3,144 |
| EBITDA 1 | 355 | -266 | -25 | -901 | 145 | 176 | 321 | 215 | 150 | 191 | 219 | 230 | 286 | 268 | 300.5 | 321.9 | 374.7 | 323.7 |
| EBIT 1 | 42 | -515 | -159 | -1,039 | 14 | 39 | 53 | 99 | 36 | 91 | 101 | 112 | 133 | 123 | 144.5 | 180.2 | 222.8 | 176.5 |
| Operating Margin | 1.14% | -16.09% | -8.53% | -57.37% | 0.72% | 1.56% | 1.2% | 3.29% | 1.23% | 3.52% | 3.65% | 3.71% | 3.79% | 4.04% | 4.67% | 5.38% | 6.12% | 5.61% |
| Earnings before Tax (EBT) 1 | -796 | -719 | -312 | -1,366 | -65 | 8 | -56 | -3 | -103 | 37 | 81 | 83 | 129 | 91 | 124.7 | 152.8 | 185.9 | 153.7 |
| Net income 1 | -885 | -779 | -342 | -1,346 | -98 | -32 | -130 | -8 | -71 | - | 40 | 39 | 100 | 57 | 76.33 | 93.4 | 132.1 | 119.9 |
| Net margin | -24.08% | -24.34% | -18.35% | -74.32% | -5.05% | -1.28% | -2.93% | -0.27% | -2.42% | - | 1.45% | 1.29% | 2.85% | 1.87% | 2.47% | 2.79% | 3.63% | 3.81% |
| EPS 2 | - | - | -16.10 | -63.40 | -4.616 | -0.0160 | - | -0.004000 | -0.0356 | - | 0.0200 | 0.0195 | 0.0501 | 0.0300 | 0.0388 | 0.0479 | 0.0608 | 0.0601 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.0200 | - |
| Announcement Date | 7/29/20 | 7/30/21 | 10/28/21 | 2/24/22 | 4/21/22 | 7/27/22 | 7/27/22 | 10/27/22 | 2/28/23 | 4/19/23 | 7/27/23 | 10/25/23 | 2/28/24 | 4/22/24 | - | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,082 | 1,226 | 1,541 | 264 | 261 | 169 | - | - |
| Net Cash position 1 | - | - | - | - | - | - | 259 | 624 |
| Leverage (Debt/EBITDA) | 0.8825 x | 1.997 x | -1.293 x | 0.4437 x | 0.2819 x | 0.1335 x | - | - |
| Free Cash Flow 1 | 887 | -187 | -193 | -524 | 248 | 336 | 504 | 674 |
| ROE (net income / shareholders' equity) | 4.13% | -9% | -118% | -17.5% | 8.29% | 13.7% | 17.7% | 19.5% |
| ROA (Net income/ Total Assets) | 1.34% | -5.4% | -58.5% | -1.75% | - | 3% | 3.65% | 3.94% |
| Assets 1 | 897.7 | 21,037 | 4,215 | 11,970 | - | 11,649 | 13,724 | 15,041 |
| Book Value Per Share 2 | 189.0 | 138.0 | 15.40 | 1.040 | 1.200 | 1.340 | 1.550 | 1.760 |
| Cash Flow per Share 2 | 59.20 | 5.710 | 4.240 | 0.0900 | 0.2900 | 0.4600 | 0.5300 | 0.5500 |
| Capex 1 | 336 | 322 | 298 | 550 | 482 | 454 | 344 | 331 |
| Capex / Sales | 3.69% | 4.39% | 4.33% | 5.51% | 4.06% | 3.49% | 2.53% | 2.38% |
| Announcement Date | 2/26/20 | 2/25/21 | 2/24/22 | 2/28/23 | 2/28/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
BUY
Number of Analysts
18
Last Close Price
2.286
EUR
Average target price
2.74
EUR
Spread / Average Target
+19.86%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +55.51% | 4.95B | |
| -11.76% | 65.59B | |
| +1.52% | 32.49B | |
| +30.04% | 11.29B | |
| +23.01% | 8.8B | |
| -7.20% | 7.44B | |
| +11.64% | 6.21B | |
| +46.67% | 5.87B | |
| +43.29% | 5.45B | |
| +16.40% | 4.07B |
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- Financials Saipem S.p.A.
