Saipem（0RPI）株式概要Saipem SpAは、エネルギーおよびインフラストラクチャー・ソリューションを世界中に提供している。 詳細0RPI ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長3/6過去の実績2/6財務の健全性4/6配当金2/6報酬当社が推定した公正価値より64.9%で取引されている 収益は年間17.28%増加すると予測されています リスク分析3.84%の配当は利益で十分にカバーされていない すべてのリスクチェックを見る0RPI Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€4.4345.6% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-2b16b2016201920222025202620282031Revenue €15.8bEarnings €316.9mAdvancedSet Fair ValueView all narrativesSaipem SpA 競合他社HuntingSymbol: LSE:HTGMarket cap: UK£688.3mGulf Marine ServicesSymbol: LSE:GMSMarket cap: UK£203.9mNational Atomic Company Kazatomprom JSCSymbol: LSE:KAPMarket cap: US$8.9tIthaca EnergySymbol: LSE:ITHMarket cap: UK£4.1b価格と性能株価の高値、安値、推移の概要Saipem過去の株価現在の株価€4.4352週高値€4.8052週安値€2.17ベータ1.561ヶ月の変化-0.23%3ヶ月変化34.58%1年変化86.87%3年間の変化243.73%5年間の変化-95.85%IPOからの変化-99.90%最新ニュースBoard Change • May 21High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Non-Executive & Independent Director Monica Girardi was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 05Full year 2025 earnings released: EPS: €0.16 (vs €0.16 in FY 2024)Full year 2025 results: EPS: €0.16 (up from €0.16 in FY 2024). Revenue: €15.5b (up 6.6% from FY 2024). Net income: €311.0m (up 1.6% from FY 2024). Profit margin: 2.0% (down from 2.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.2% growth forecast for the Energy Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 04Saipem SpA, Annual General Meeting, May 12, 2026Saipem SpA, Annual General Meeting, May 12, 2026, at 11:00 W. Europe Standard Time.Board Change • Mar 26High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Francesca Mariotti was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Jan 10+ 4 more updatesSaipem SpA to Report Q2, 2026 Results on Jul 27, 2026Saipem SpA announced that they will report Q2, 2026 results on Jul 27, 2026Board Change • Aug 22High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Francesca Mariotti was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.最新情報をもっと見るRecent updatesBoard Change • May 21High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Non-Executive & Independent Director Monica Girardi was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 05Full year 2025 earnings released: EPS: €0.16 (vs €0.16 in FY 2024)Full year 2025 results: EPS: €0.16 (up from €0.16 in FY 2024). Revenue: €15.5b (up 6.6% from FY 2024). Net income: €311.0m (up 1.6% from FY 2024). Profit margin: 2.0% (down from 2.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.2% growth forecast for the Energy Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 04Saipem SpA, Annual General Meeting, May 12, 2026Saipem SpA, Annual General Meeting, May 12, 2026, at 11:00 W. Europe Standard Time.Board Change • Mar 26High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Francesca Mariotti was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Jan 10+ 4 more updatesSaipem SpA to Report Q2, 2026 Results on Jul 27, 2026Saipem SpA announced that they will report Q2, 2026 results on Jul 27, 2026Board Change • Aug 22High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Francesca Mariotti was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Mar 13Saipem SpA, Annual General Meeting, May 08, 2025Saipem SpA, Annual General Meeting, May 08, 2025, at 11:00 W. Europe Standard Time.Board Change • Mar 06High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Francesca Mariotti was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Feb 24Saipem SpA (BIT:SPM) signed a agreement in principle to acquire Subsea 7 S.A. (OB:SUBC) from Siem Industries S.A. (OTCPK:SEMU.F) and others for €4.6 billion.Saipem SpA (BIT:SPM) signed a agreement in principle to acquire Subsea 7 S.A. (OB:SUBC) from Siem Industries S.A. (OTCPK:SEMU.F) and others for €4.6 billion on February 23, 2025. Subsea7 shareholders will receive 6.688 Saipem shares for each Subsea7 share held. Subsea7 will distribute an extraordinary dividend for an amount equal to €450 million immediately prior to completion. Transaction expected to deliver material value creation for the shareholders of both Saipem and Subsea7. Annual synergies of approximately €300 million are expected to be achieved in the third year after completion, with one-off costs to achieve such synergies of approximately €270 million. The combination of Saipem and Subsea7 (the “Combined Company”) will be renamed Saipem7, and will have a combined backlog of €43 billion, Revenue of approx. €20 billion and EBITDA in excess of €2 billion. As part of this, it is intended that the Combined Company’s Chairman will be designated by Siem Industries and that the Combined Company’s CEO will be designated by CDP Equity and Eni. Siem Industries (being the largest shareholder of Subsea7) would then own approximately 11.9% of the Combined Company’s capital, while Eni and CDP Equity (being the largest shareholders of Saipem) would own approximately 10.6% and approximately 6.4%, respectively. Assuming all Subsea7 shareholders participate in the merger, the share capital of the Combined Company will be held 50-50% by the current shareholders of Saipem and Subsea7. The entering into and signing of binding definitive documents in mid-2025 in respect of the Proposed Combination is conditional, inter alia, on the successful completion of confirmatory due diligence by the parties, the execution of a mutually satisfactory merger agreement and the approval of the final terms of the Proposed Combination by the Board of Directors of Saipem and Subsea7. The parties will also engage with the relevant works council consultations required by the applicable laws. Moreover, completion of the Proposed Combination will be subject to customary conditions precedent for a transaction of this nature, including, inter alia, approval by the shareholders’ meetings of both Saipem and Subsea7, the former to be also passed with the so-called whitewash majorities for the purposes of the mandatory takeover bid exemption13 , and obtaining the required Italian government approval and customary regulatory clearances. The MoU also provides for termination rights for each of Saipem and Subsea7. Completion anticipated to occur in the second half of 2026. Goldman Sachs International is acting as lead financial advisor to Saipem, and Deutsche Bank AG, Milan Branch as financial advisor to Saipem. Clifford Chance LLP is serving as global legal counsel to Saipem in particular as to matters of Italian, English, US and Luxembourg law, while Advokatfirmaet Thommessen AS is serving as legal counsel to Saipem as to matters of Norwegian law. Kirk Lovegrove & Company Limited is acting as lead financial advisor and Deloitte LLP is acting as financial advisor to Subsea7. Freshfields LLP is serving as global legal counsel to Subsea7 (including as to matters of Italian, US and English Law), while Elvinger Hoss Prussen S.A. and Advokatfirmaet Wiersholm AS are serving as legal counsels as to matters of Luxembourg and Norwegian law, respectively.Board Change • Jan 30High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Francesca Mariotti was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Jan 15+ 1 more updateSaipem SpA to Report Q3, 2025 Results on Oct 22, 2025Saipem SpA announced that they will report Q3, 2025 results on Oct 22, 2025お知らせ • Jan 14+ 2 more updatesSaipem SpA to Report Fiscal Year 2024 Results on Feb 25, 2025Saipem SpA announced that they will report fiscal year 2024 results on Feb 25, 2025Reported Earnings • Oct 25Third quarter 2024 earnings releasedThird quarter 2024 results: EPS: €0.045. Revenue: €3.71b (up 23% from 3Q 2023). Net income: €88.0m (up 100% from 3Q 2023). Profit margin: 2.4% (up from 1.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Energy Services industry in the United Kingdom.New Risk • Aug 13New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.New Risk • Aug 02New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.Reported Earnings • Jul 26Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €3.37b (up 22% from 2Q 2023). Net income: €61.0m (up 53% from 2Q 2023). Profit margin: 1.8% (up from 1.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Energy Services industry in the United Kingdom.Board Change • Jul 17High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Francesca Mariotti was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 14Full year 2023 earnings released: EPS: €0.093 (vs €0.34 loss in FY 2022)Full year 2023 results: EPS: €0.093 (up from €0.34 loss in FY 2022). Revenue: €11.9b (up 19% from FY 2022). Net income: €185.0m (up €500.0m from FY 2022). Profit margin: 1.6% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Energy Services industry in Europe.Valuation Update With 7 Day Price Move • Mar 06Investor sentiment improves as stock rises 35%After last week's 35% share price gain to €1.98, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Energy Services industry in the United Kingdom. Total loss to shareholders of 67% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.04 per share.Reported Earnings • Mar 01Full year 2023 earnings releasedFull year 2023 results: Revenue: €11.9b (up 19% from FY 2022). Net income: €185.0m (up €500.0m from FY 2022). Profit margin: 1.6% (up from net loss in FY 2022). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Energy Services industry in Europe.Buy Or Sell Opportunity • Feb 08Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to €1.26. The fair value is estimated to be €1.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 60%.お知らせ • Jan 24Saipem SpA (BIT:SPM) commences an Equity Buyback Plan for 37,000,000 shares, representing 1.85% for €59.3 million, under the authorization approved on May 3, 2023.Saipem S.p.A. (BIT:SPM) commences share repurchases on January 16, 2024, under the program mandated by the shareholders in the Annual General Meeting held on May 3, 2023. As per the mandate, the company is authorized to repurchase up to 37,000,000 shares, representing 1.85% of its issued share capital, for total worth of €59.3 million. The price to be paid for repurchase should not be more or less than 5% of the reference price of shares recorded on the computerized trading market on the day prior to the buyback. The purpose of the share repurchases is to cover the 2023 allocation of the 2023-2025 Long Term Incentive Plan. The program is valid for 18 months. As of March 23, 2023, the company had 1,995,142,495 shares outstanding and 415,237 shares in treasury.お知らせ • Jan 17+ 5 more updatesSaipem SpA to Report Fiscal Year 2023 Results on Feb 28, 2024Saipem SpA announced that they will report fiscal year 2023 results on Feb 28, 2024お知らせ • Nov 23BW Energy Limited (OB:BWE) acquired FPSO Cidade de Vitoria from Saipem SpA (BIT:SPM).BW Energy Limited (OB:BWE) has signed an agreement to acquire FPSO Cidade de Vitoria from Saipem SpA (BIT:SPM) for $73 million on June 24, 2022. BW Energy will pay Saipem $73 million in fixed consideration for the FPSO of which $25 million is due at closing, $13 million due at FPSO takeover and $35 million paid in 18 monthly instalments following the takeover. The transaction is subject to fulfilment or waiver of conditions precedents with an expected closing and takeover of the FPSO in the first quarter of 2023. As of March 16, 2023, the transaction is expected to close in Q2, 2023.BW Energy Limited (OB:BWE) completed the acquisition of FPSO Cidade de Vitoria from Saipem SpA (BIT:SPM) on November 21, 2023.New Risk • Oct 27New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -€275m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. This is currently the only risk that has been identified for the company.New Risk • Jul 31New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -€407m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. This is currently the only risk that has been identified for the company.Reported Earnings • Jul 28Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €2.77b (up 17% from 2Q 2022). Net income: €40.0m (up €70.0m from 2Q 2022). Profit margin: 1.4% (up from net loss in 2Q 2022). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Energy Services industry in the United Kingdom.Breakeven Date Change • Mar 22Forecast breakeven date pushed back to 2024The 13 analysts covering Saipem previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of €182.4m in 2024. Average annual earnings growth of 51% is required to achieve expected profit on schedule.Buying Opportunity • Mar 08Now 22% undervaluedOver the last 90 days, the stock is up 45%. The fair value is estimated to be €1.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only.Breakeven Date Change • Mar 02Forecast to breakeven in 2023The 14 analysts covering Saipem expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €28.2m in 2023. Earnings growth of 75% is required to achieve expected profit on schedule.Buying Opportunity • Feb 13Now 20% undervaluedOver the last 90 days, the stock is up 31%. The fair value is estimated to be €1.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.6% over the last 3 years. Earnings per share has declined by 50%. Revenue is forecast to grow by 15% in a year. Earnings is forecast to grow by 98% in the next year.お知らせ • Dec 24Saipem SpA, Annual General Meeting, May 03, 2023Saipem SpA, Annual General Meeting, May 03, 2023. Agenda: To consider the approval of the financial statements of Saipem S.p.A. at December 31, 2022; and to consider the appointment of the Board of Statutory Auditors.お知らせ • Dec 23+ 4 more updatesSaipem SpA to Report Q3, 2023 Results on Oct 25, 2023Saipem SpA announced that they will report Q3, 2023 results on Oct 25, 2023Board Change • Nov 16High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Statutory Auditor Giulia De Martino is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Oct 28Third quarter 2022 earnings released: €1.64 loss per share (vs €16.46 loss in 3Q 2021)Third quarter 2022 results: €1.64 loss per share (improved from €16.46 loss in 3Q 2021). Revenue: €2.86b (up 53% from 3Q 2021). Net loss: €34.0m (loss narrowed 90% from 3Q 2021). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Energy Services industry in the United Kingdom.Reported Earnings • Jul 28Second quarter 2022 earnings released: €1.44 loss per share (vs €31.58 loss in 2Q 2021)Second quarter 2022 results: €1.44 loss per share (up from €31.58 loss in 2Q 2021). Revenue: €2.37b (up 50% from 2Q 2021). Net loss: €30.0m (loss narrowed 95% from 2Q 2021). Over the next year, revenue is forecast to grow 15%, compared to a 1.6% growth forecast for the industry in the United Kingdom.Buying Opportunity • Jun 20Now 79% undervalued after recent price dropOver the last 90 days, the stock is down 98%. The fair value is estimated to be €5.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 86%. Revenue is forecast to grow by 26% in a year. Earnings is forecast to grow by 90% in the next year.Reported Earnings • Jun 09First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: €1.94b (up 20% from 1Q 2021). Net loss: €98.0m (loss narrowed 18% from 1Q 2021). Over the next year, revenue is forecast to grow 27%, compared to a 4.8% growth forecast for the industry in the United Kingdom.Buying Opportunity • May 31Now 73% undervalued after recent price dropOver the last 90 days, the stock is down 78%. The fair value is estimated to be €3.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 27% in a year. Earnings is forecast to grow by 91% in the next year.Reported Earnings • Apr 27First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: €1.94b (up 20% from 1Q 2021). Net loss: €98.0m (loss narrowed 18% from 1Q 2021). Over the next year, revenue is forecast to grow 26%, compared to a 7.1% growth forecast for the industry in the United Kingdom.Board Change • Apr 27High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Statutory Auditor Giulia De Martino is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Mar 28Full year 2021 earnings released: €1.93 loss per share (vs €1.15 loss in FY 2020)Full year 2021 results: €1.93 loss per share (down from €1.15 loss in FY 2020). Revenue: €6.88b (down 6.4% from FY 2020). Net loss: €1.91b (loss widened 69% from FY 2020). Over the next year, revenue is forecast to grow 26%, compared to a 2.7% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 31 percentage points per year, which is a significant difference in performance.Buying Opportunity • Jan 28Now 23% undervaluedOver the last 90 days, the stock is up 2.8%. The fair value is estimated to be €2.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.8% per annum over the last 3 years. Earnings per share has declined by 67% per annum over the last 3 years.Reported Earnings • Oct 29Third quarter 2021 earnings released: €0.34 loss per share (vs €0.13 loss in 3Q 2020)The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: €1.87b (up 9.4% from 3Q 2020). Net loss: €342.0m (loss widened 161% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance.Reported Earnings • Jul 31Second quarter 2021 earnings released: €0.66 loss per share (vs €0.62 loss in 2Q 2020)The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: €1.58b (up 2.4% from 2Q 2020). Net loss: €659.0m (loss widened 7.0% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.Reported Earnings • Apr 30First quarter 2021 earnings released: €0.12 loss per share (vs €0.27 loss in 1Q 2020)The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: €1.62b (down 26% from 1Q 2020). Net loss: €120.0m (loss narrowed 55% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.Reported Earnings • Apr 11Full year 2020 earnings released: €1.14 loss per share (vs €0.012 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €7.35b (down 19% from FY 2019). Net loss: €1.14b (down €1.15b from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 27Full year 2020 earnings released: €1.14 loss per share (vs €0.012 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €7.35b (down 19% from FY 2019). Net loss: €1.14b (down €1.15b from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Feb 27Revenue beats expectationsRevenue exceeded analyst estimates by 0.002%. Over the next year, revenue is forecast to grow 18% compared to a 9.5% decline forecast for the Energy Services industry in the United Kingdom.Is New 90 Day High Low • Feb 08New 90-day high: €2.46The company is up 29% from its price of €1.91 on 10 November 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.35 per share.Is New 90 Day High Low • Dec 30New 90-day high: €2.21The company is up 56% from its price of €1.42 on 01 October 2020. The British market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 41% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.05 per share.Is New 90 Day High Low • Dec 11New 90-day high: €2.19The company is up 35% from its price of €1.63 on 11 September 2020. The British market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.02 per share.Is New 90 Day High Low • Nov 16New 90-day high: €1.94The company is up 3.0% from its price of €1.89 on 18 August 2020. The British market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.96 per share.Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total losses of €1.05b, with losses widening by €977.9m from the prior year. Total revenue was €7.75b over the last 12 months, down 16% from the prior year.Analyst Estimate Surprise Post Earnings • Oct 30Third-quarter earnings released: Revenue misses expectationsThird-quarter revenue missed analyst estimates by 2.4% at €1.71b. Revenue is forecast to grow 10% over the next year, compared to a 10% decline forecast for the Energy Services industry in the United Kingdom.Is New 90 Day High Low • Sep 22New 90-day low: €1.54The company is down 32% from its price of €2.27 on 24 June 2020. The British market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.47 per share.株主還元0RPIGB Energy ServicesGB 市場7D2.0%-0.3%-1.0%1Y86.9%39.7%15.2%株主還元を見る業界別リターン: 0RPI過去 1 年間で39.7 % の収益を上げたUK Energy Services業界を上回りました。リターン対市場: 0RPI過去 1 年間で15.2 % の収益を上げたUK市場を上回りました。価格変動Is 0RPI's price volatile compared to industry and market?0RPI volatility0RPI Average Weekly Movement5.2%Energy Services Industry Average Movement5.8%Market Average Movement5.6%10% most volatile stocks in GB Market11.7%10% least volatile stocks in GB Market3.1%安定した株価: 0RPI 、 UK市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 0RPIの 週次ボラティリティ ( 5% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト195730,000Alessandro Pulitiwww.saipem.comSaipem社は、世界中でエネルギーとインフラストラクチャーのソリューションを提供している。アセット・ベースド・サービス、海洋掘削、エネルギー運搬船部門を通じて事業を展開。海底油田の開発やパイプラインの敷設、海洋構造物の設置や吊り上げ、エンジニアリング、実施、設置、メンテナンス、改造、デコミッショニング活動、オフショア・エンジニアリングや建設、風力発電活動などを行う。また、陸上エンジニアリング・建設、持続可能なインフラストラクチャー、ロボット工学・産業化ソリューション、高速・大容量鉄道路線などのインフラ・プロジェクトの設計・建設にも携わっている。また、石油・ガス、土木・海洋インフラ、環境市場向けに調達、プロジェクト管理、建設サービスを提供している。同社は1957年に設立され、イタリアのミラノに本社を置いている。もっと見るSaipem SpA 基礎のまとめSaipem の収益と売上を時価総額と比較するとどうか。0RPI 基礎統計学時価総額€8.59b収益（TTM）€312.00m売上高(TTM)€15.51b27.5xPER（株価収益率0.6xP/Sレシオ0RPI は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計0RPI 損益計算書（TTM）収益€15.51b売上原価€10.46b売上総利益€5.05bその他の費用€4.74b収益€312.00m直近の収益報告Mar 31, 2026次回決算日Jul 27, 2026一株当たり利益（EPS）0.16グロス・マージン32.58%純利益率2.01%有利子負債／自己資本比率0%0RPI の長期的なパフォーマンスは？過去の実績と比較を見る配当金3.8%現在の配当利回り107%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/10 14:00終値2026/06/10 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Saipem SpA 17 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。42 アナリスト機関Francesco SalaBanca Akros S.p.A. (ESN)Francesco TaddeiBanca Akros S.p.A. (ESN)Michael PickupBarclays39 その他のアナリストを表示
Board Change • May 21High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Non-Executive & Independent Director Monica Girardi was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 05Full year 2025 earnings released: EPS: €0.16 (vs €0.16 in FY 2024)Full year 2025 results: EPS: €0.16 (up from €0.16 in FY 2024). Revenue: €15.5b (up 6.6% from FY 2024). Net income: €311.0m (up 1.6% from FY 2024). Profit margin: 2.0% (down from 2.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.2% growth forecast for the Energy Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 04Saipem SpA, Annual General Meeting, May 12, 2026Saipem SpA, Annual General Meeting, May 12, 2026, at 11:00 W. Europe Standard Time.
Board Change • Mar 26High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Francesca Mariotti was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Jan 10+ 4 more updatesSaipem SpA to Report Q2, 2026 Results on Jul 27, 2026Saipem SpA announced that they will report Q2, 2026 results on Jul 27, 2026
Board Change • Aug 22High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Francesca Mariotti was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Board Change • May 21High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Non-Executive & Independent Director Monica Girardi was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 05Full year 2025 earnings released: EPS: €0.16 (vs €0.16 in FY 2024)Full year 2025 results: EPS: €0.16 (up from €0.16 in FY 2024). Revenue: €15.5b (up 6.6% from FY 2024). Net income: €311.0m (up 1.6% from FY 2024). Profit margin: 2.0% (down from 2.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.2% growth forecast for the Energy Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 04Saipem SpA, Annual General Meeting, May 12, 2026Saipem SpA, Annual General Meeting, May 12, 2026, at 11:00 W. Europe Standard Time.
Board Change • Mar 26High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Francesca Mariotti was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Jan 10+ 4 more updatesSaipem SpA to Report Q2, 2026 Results on Jul 27, 2026Saipem SpA announced that they will report Q2, 2026 results on Jul 27, 2026
Board Change • Aug 22High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Francesca Mariotti was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Mar 13Saipem SpA, Annual General Meeting, May 08, 2025Saipem SpA, Annual General Meeting, May 08, 2025, at 11:00 W. Europe Standard Time.
Board Change • Mar 06High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Francesca Mariotti was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Feb 24Saipem SpA (BIT:SPM) signed a agreement in principle to acquire Subsea 7 S.A. (OB:SUBC) from Siem Industries S.A. (OTCPK:SEMU.F) and others for €4.6 billion.Saipem SpA (BIT:SPM) signed a agreement in principle to acquire Subsea 7 S.A. (OB:SUBC) from Siem Industries S.A. (OTCPK:SEMU.F) and others for €4.6 billion on February 23, 2025. Subsea7 shareholders will receive 6.688 Saipem shares for each Subsea7 share held. Subsea7 will distribute an extraordinary dividend for an amount equal to €450 million immediately prior to completion. Transaction expected to deliver material value creation for the shareholders of both Saipem and Subsea7. Annual synergies of approximately €300 million are expected to be achieved in the third year after completion, with one-off costs to achieve such synergies of approximately €270 million. The combination of Saipem and Subsea7 (the “Combined Company”) will be renamed Saipem7, and will have a combined backlog of €43 billion, Revenue of approx. €20 billion and EBITDA in excess of €2 billion. As part of this, it is intended that the Combined Company’s Chairman will be designated by Siem Industries and that the Combined Company’s CEO will be designated by CDP Equity and Eni. Siem Industries (being the largest shareholder of Subsea7) would then own approximately 11.9% of the Combined Company’s capital, while Eni and CDP Equity (being the largest shareholders of Saipem) would own approximately 10.6% and approximately 6.4%, respectively. Assuming all Subsea7 shareholders participate in the merger, the share capital of the Combined Company will be held 50-50% by the current shareholders of Saipem and Subsea7. The entering into and signing of binding definitive documents in mid-2025 in respect of the Proposed Combination is conditional, inter alia, on the successful completion of confirmatory due diligence by the parties, the execution of a mutually satisfactory merger agreement and the approval of the final terms of the Proposed Combination by the Board of Directors of Saipem and Subsea7. The parties will also engage with the relevant works council consultations required by the applicable laws. Moreover, completion of the Proposed Combination will be subject to customary conditions precedent for a transaction of this nature, including, inter alia, approval by the shareholders’ meetings of both Saipem and Subsea7, the former to be also passed with the so-called whitewash majorities for the purposes of the mandatory takeover bid exemption13 , and obtaining the required Italian government approval and customary regulatory clearances. The MoU also provides for termination rights for each of Saipem and Subsea7. Completion anticipated to occur in the second half of 2026. Goldman Sachs International is acting as lead financial advisor to Saipem, and Deutsche Bank AG, Milan Branch as financial advisor to Saipem. Clifford Chance LLP is serving as global legal counsel to Saipem in particular as to matters of Italian, English, US and Luxembourg law, while Advokatfirmaet Thommessen AS is serving as legal counsel to Saipem as to matters of Norwegian law. Kirk Lovegrove & Company Limited is acting as lead financial advisor and Deloitte LLP is acting as financial advisor to Subsea7. Freshfields LLP is serving as global legal counsel to Subsea7 (including as to matters of Italian, US and English Law), while Elvinger Hoss Prussen S.A. and Advokatfirmaet Wiersholm AS are serving as legal counsels as to matters of Luxembourg and Norwegian law, respectively.
Board Change • Jan 30High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Francesca Mariotti was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Jan 15+ 1 more updateSaipem SpA to Report Q3, 2025 Results on Oct 22, 2025Saipem SpA announced that they will report Q3, 2025 results on Oct 22, 2025
お知らせ • Jan 14+ 2 more updatesSaipem SpA to Report Fiscal Year 2024 Results on Feb 25, 2025Saipem SpA announced that they will report fiscal year 2024 results on Feb 25, 2025
Reported Earnings • Oct 25Third quarter 2024 earnings releasedThird quarter 2024 results: EPS: €0.045. Revenue: €3.71b (up 23% from 3Q 2023). Net income: €88.0m (up 100% from 3Q 2023). Profit margin: 2.4% (up from 1.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Energy Services industry in the United Kingdom.
New Risk • Aug 13New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.
New Risk • Aug 02New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.
Reported Earnings • Jul 26Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €3.37b (up 22% from 2Q 2023). Net income: €61.0m (up 53% from 2Q 2023). Profit margin: 1.8% (up from 1.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Energy Services industry in the United Kingdom.
Board Change • Jul 17High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Francesca Mariotti was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 14Full year 2023 earnings released: EPS: €0.093 (vs €0.34 loss in FY 2022)Full year 2023 results: EPS: €0.093 (up from €0.34 loss in FY 2022). Revenue: €11.9b (up 19% from FY 2022). Net income: €185.0m (up €500.0m from FY 2022). Profit margin: 1.6% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Energy Services industry in Europe.
Valuation Update With 7 Day Price Move • Mar 06Investor sentiment improves as stock rises 35%After last week's 35% share price gain to €1.98, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Energy Services industry in the United Kingdom. Total loss to shareholders of 67% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.04 per share.
Reported Earnings • Mar 01Full year 2023 earnings releasedFull year 2023 results: Revenue: €11.9b (up 19% from FY 2022). Net income: €185.0m (up €500.0m from FY 2022). Profit margin: 1.6% (up from net loss in FY 2022). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Energy Services industry in Europe.
Buy Or Sell Opportunity • Feb 08Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to €1.26. The fair value is estimated to be €1.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 60%.
お知らせ • Jan 24Saipem SpA (BIT:SPM) commences an Equity Buyback Plan for 37,000,000 shares, representing 1.85% for €59.3 million, under the authorization approved on May 3, 2023.Saipem S.p.A. (BIT:SPM) commences share repurchases on January 16, 2024, under the program mandated by the shareholders in the Annual General Meeting held on May 3, 2023. As per the mandate, the company is authorized to repurchase up to 37,000,000 shares, representing 1.85% of its issued share capital, for total worth of €59.3 million. The price to be paid for repurchase should not be more or less than 5% of the reference price of shares recorded on the computerized trading market on the day prior to the buyback. The purpose of the share repurchases is to cover the 2023 allocation of the 2023-2025 Long Term Incentive Plan. The program is valid for 18 months. As of March 23, 2023, the company had 1,995,142,495 shares outstanding and 415,237 shares in treasury.
お知らせ • Jan 17+ 5 more updatesSaipem SpA to Report Fiscal Year 2023 Results on Feb 28, 2024Saipem SpA announced that they will report fiscal year 2023 results on Feb 28, 2024
お知らせ • Nov 23BW Energy Limited (OB:BWE) acquired FPSO Cidade de Vitoria from Saipem SpA (BIT:SPM).BW Energy Limited (OB:BWE) has signed an agreement to acquire FPSO Cidade de Vitoria from Saipem SpA (BIT:SPM) for $73 million on June 24, 2022. BW Energy will pay Saipem $73 million in fixed consideration for the FPSO of which $25 million is due at closing, $13 million due at FPSO takeover and $35 million paid in 18 monthly instalments following the takeover. The transaction is subject to fulfilment or waiver of conditions precedents with an expected closing and takeover of the FPSO in the first quarter of 2023. As of March 16, 2023, the transaction is expected to close in Q2, 2023.BW Energy Limited (OB:BWE) completed the acquisition of FPSO Cidade de Vitoria from Saipem SpA (BIT:SPM) on November 21, 2023.
New Risk • Oct 27New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -€275m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. This is currently the only risk that has been identified for the company.
New Risk • Jul 31New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -€407m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. This is currently the only risk that has been identified for the company.
Reported Earnings • Jul 28Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €2.77b (up 17% from 2Q 2022). Net income: €40.0m (up €70.0m from 2Q 2022). Profit margin: 1.4% (up from net loss in 2Q 2022). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Energy Services industry in the United Kingdom.
Breakeven Date Change • Mar 22Forecast breakeven date pushed back to 2024The 13 analysts covering Saipem previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of €182.4m in 2024. Average annual earnings growth of 51% is required to achieve expected profit on schedule.
Buying Opportunity • Mar 08Now 22% undervaluedOver the last 90 days, the stock is up 45%. The fair value is estimated to be €1.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
Breakeven Date Change • Mar 02Forecast to breakeven in 2023The 14 analysts covering Saipem expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €28.2m in 2023. Earnings growth of 75% is required to achieve expected profit on schedule.
Buying Opportunity • Feb 13Now 20% undervaluedOver the last 90 days, the stock is up 31%. The fair value is estimated to be €1.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.6% over the last 3 years. Earnings per share has declined by 50%. Revenue is forecast to grow by 15% in a year. Earnings is forecast to grow by 98% in the next year.
お知らせ • Dec 24Saipem SpA, Annual General Meeting, May 03, 2023Saipem SpA, Annual General Meeting, May 03, 2023. Agenda: To consider the approval of the financial statements of Saipem S.p.A. at December 31, 2022; and to consider the appointment of the Board of Statutory Auditors.
お知らせ • Dec 23+ 4 more updatesSaipem SpA to Report Q3, 2023 Results on Oct 25, 2023Saipem SpA announced that they will report Q3, 2023 results on Oct 25, 2023
Board Change • Nov 16High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Statutory Auditor Giulia De Martino is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Oct 28Third quarter 2022 earnings released: €1.64 loss per share (vs €16.46 loss in 3Q 2021)Third quarter 2022 results: €1.64 loss per share (improved from €16.46 loss in 3Q 2021). Revenue: €2.86b (up 53% from 3Q 2021). Net loss: €34.0m (loss narrowed 90% from 3Q 2021). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Energy Services industry in the United Kingdom.
Reported Earnings • Jul 28Second quarter 2022 earnings released: €1.44 loss per share (vs €31.58 loss in 2Q 2021)Second quarter 2022 results: €1.44 loss per share (up from €31.58 loss in 2Q 2021). Revenue: €2.37b (up 50% from 2Q 2021). Net loss: €30.0m (loss narrowed 95% from 2Q 2021). Over the next year, revenue is forecast to grow 15%, compared to a 1.6% growth forecast for the industry in the United Kingdom.
Buying Opportunity • Jun 20Now 79% undervalued after recent price dropOver the last 90 days, the stock is down 98%. The fair value is estimated to be €5.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 86%. Revenue is forecast to grow by 26% in a year. Earnings is forecast to grow by 90% in the next year.
Reported Earnings • Jun 09First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: €1.94b (up 20% from 1Q 2021). Net loss: €98.0m (loss narrowed 18% from 1Q 2021). Over the next year, revenue is forecast to grow 27%, compared to a 4.8% growth forecast for the industry in the United Kingdom.
Buying Opportunity • May 31Now 73% undervalued after recent price dropOver the last 90 days, the stock is down 78%. The fair value is estimated to be €3.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 27% in a year. Earnings is forecast to grow by 91% in the next year.
Reported Earnings • Apr 27First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: €1.94b (up 20% from 1Q 2021). Net loss: €98.0m (loss narrowed 18% from 1Q 2021). Over the next year, revenue is forecast to grow 26%, compared to a 7.1% growth forecast for the industry in the United Kingdom.
Board Change • Apr 27High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Statutory Auditor Giulia De Martino is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Mar 28Full year 2021 earnings released: €1.93 loss per share (vs €1.15 loss in FY 2020)Full year 2021 results: €1.93 loss per share (down from €1.15 loss in FY 2020). Revenue: €6.88b (down 6.4% from FY 2020). Net loss: €1.91b (loss widened 69% from FY 2020). Over the next year, revenue is forecast to grow 26%, compared to a 2.7% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 31 percentage points per year, which is a significant difference in performance.
Buying Opportunity • Jan 28Now 23% undervaluedOver the last 90 days, the stock is up 2.8%. The fair value is estimated to be €2.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.8% per annum over the last 3 years. Earnings per share has declined by 67% per annum over the last 3 years.
Reported Earnings • Oct 29Third quarter 2021 earnings released: €0.34 loss per share (vs €0.13 loss in 3Q 2020)The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: €1.87b (up 9.4% from 3Q 2020). Net loss: €342.0m (loss widened 161% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance.
Reported Earnings • Jul 31Second quarter 2021 earnings released: €0.66 loss per share (vs €0.62 loss in 2Q 2020)The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: €1.58b (up 2.4% from 2Q 2020). Net loss: €659.0m (loss widened 7.0% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
Reported Earnings • Apr 30First quarter 2021 earnings released: €0.12 loss per share (vs €0.27 loss in 1Q 2020)The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: €1.62b (down 26% from 1Q 2020). Net loss: €120.0m (loss narrowed 55% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
Reported Earnings • Apr 11Full year 2020 earnings released: €1.14 loss per share (vs €0.012 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €7.35b (down 19% from FY 2019). Net loss: €1.14b (down €1.15b from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 27Full year 2020 earnings released: €1.14 loss per share (vs €0.012 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €7.35b (down 19% from FY 2019). Net loss: €1.14b (down €1.15b from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Feb 27Revenue beats expectationsRevenue exceeded analyst estimates by 0.002%. Over the next year, revenue is forecast to grow 18% compared to a 9.5% decline forecast for the Energy Services industry in the United Kingdom.
Is New 90 Day High Low • Feb 08New 90-day high: €2.46The company is up 29% from its price of €1.91 on 10 November 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.35 per share.
Is New 90 Day High Low • Dec 30New 90-day high: €2.21The company is up 56% from its price of €1.42 on 01 October 2020. The British market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 41% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.05 per share.
Is New 90 Day High Low • Dec 11New 90-day high: €2.19The company is up 35% from its price of €1.63 on 11 September 2020. The British market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.02 per share.
Is New 90 Day High Low • Nov 16New 90-day high: €1.94The company is up 3.0% from its price of €1.89 on 18 August 2020. The British market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.96 per share.
Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total losses of €1.05b, with losses widening by €977.9m from the prior year. Total revenue was €7.75b over the last 12 months, down 16% from the prior year.
Analyst Estimate Surprise Post Earnings • Oct 30Third-quarter earnings released: Revenue misses expectationsThird-quarter revenue missed analyst estimates by 2.4% at €1.71b. Revenue is forecast to grow 10% over the next year, compared to a 10% decline forecast for the Energy Services industry in the United Kingdom.
Is New 90 Day High Low • Sep 22New 90-day low: €1.54The company is down 32% from its price of €2.27 on 24 June 2020. The British market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.47 per share.
