View ValuationSaipem 향후 성장Future 기준 점검 3/6Saipem (는) 각각 연간 17.4% 및 0.5% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 16.4% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 20.8% 로 예상됩니다.핵심 정보17.4%이익 성장률16.44%EPS 성장률Energy Services 이익 성장7.9%매출 성장률0.5%향후 자기자본이익률20.76%애널리스트 커버리지Good마지막 업데이트12 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesDeclared Dividend • May 07Dividend of €0.17 announcedDividend of €0.17 is the same as last year. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 3.9%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (107% earnings payout ratio). However, it is well covered by cash flows (28% cash payout ratio). The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 19% to bring the payout ratio under control. EPS is expected to grow by 58% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.Board Change • May 07High 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.Valuation Update With 7 Day Price Move • Apr 28Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €4.58, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 9x in the Energy Services industry in Europe. Total returns to shareholders of 258% over the past three years.New Risk • Apr 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (107% payout ratio). Share price has been volatile over the past 3 months (6.0% average weekly change).Reported Earnings • Apr 06Full 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 1.2% growth forecast for the Energy Services industry in Europe. 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 46% per year, which means it is significantly lagging earnings growth.공시 • Apr 04Saipem SpA, Annual General Meeting, May 12, 2026Saipem SpA, Annual General Meeting, May 12, 2026, at 11:00 W. Europe Standard Time.Declared Dividend • Mar 15Dividend of €0.17 announcedDividend of €0.17 is the same as last year. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 5.0%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio). However, it is well covered by cash flows (29% cash payout ratio). The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control. EPS is expected to grow by 29% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.New Risk • Mar 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (102% payout ratio). Share price has been volatile over the past 3 months (5.0% average weekly change).Reported Earnings • Feb 26Full year 2025 earnings releasedFull year 2025 results: Revenue: €15.5b (up 6.5% from FY 2024). Net income: €310.0m (up 1.3% 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 3.4% growth forecast for the Energy Services industry in Europe.Board Change • Jan 13High 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.공시 • 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 • Dec 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.Board Change • Nov 18High 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 • Oct 24Third quarter 2025 earnings releasedThird quarter 2025 results: EPS: €0.041. Revenue: €3.77b (up 1.6% from 3Q 2024). Net income: €81.0m (down 8.0% from 3Q 2024). Profit margin: 2.1% (down from 2.4% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.7% growth forecast for the Energy Services industry in Europe.Board Change • Sep 10High 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 • Aug 21High 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.New Risk • Aug 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (102% payout ratio). Share price has been volatile over the past 3 months (4.3% average weekly change).Reported Earnings • Jul 25Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: €3.69b (up 9.6% from 2Q 2024). Net income: €63.0m (up 3.3% from 2Q 2024). Profit margin: 1.7% (in line with 2Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 4.5% growth forecast for the Energy Services industry in Europe.Board Change • Jul 24High 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.New Risk • May 20New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (109% payout ratio). Share price has been volatile over the past 3 months (6.8% average weekly change).Upcoming Dividend • May 12Upcoming dividend of €0.17 per shareEligible shareholders must have bought the stock before 19 May 2025. Payment date: 21 May 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 7.8%. Within top quartile of Austrian dividend payers (4.9%). Higher than average of industry peers (6.6%).Reported Earnings • Apr 08Full year 2024 earnings released: EPS: €0.16 (vs €0.093 in FY 2023)Full year 2024 results: EPS: €0.16 (up from €0.093 in FY 2023). Revenue: €14.5b (up 23% from FY 2023). Net income: €306.0m (up 65% from FY 2023). Profit margin: 2.1% (up from 1.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Energy Services industry in Europe.Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €1.77, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Energy Services industry in Europe. Total loss to shareholders of 36% over the past three years.Board Change • Mar 25High 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.공시 • 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 04High 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.Reported Earnings • Feb 27Full year 2024 earnings releasedFull year 2024 results: Revenue: €14.5b (up 23% from FY 2023). Net income: €306.0m (up 65% from FY 2023). Profit margin: 2.1% (up from 1.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Energy Services industry in Europe.공시 • 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.공시 • 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, 2025공시 • 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, 2025Board Change • Jan 07High 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.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 2.9% growth forecast for the Energy Services industry in Europe.New Risk • Aug 14New 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (6.2% average weekly change). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding).New Risk • Aug 09New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 6.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding).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 4.1% growth forecast for the Energy Services industry in Europe.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 15Full 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 17%After last week's 17% share price gain to €1.73, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Energy Services industry in Europe. Total loss to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.83 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.Board Change • Feb 10High 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.공시 • 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.공시 • 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, 2024공시 • 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.Board Change • Nov 03High 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.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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (6.7% average weekly change). Minor Risk Less than 1 year of cash runway based on current free cash flow (-€275m).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. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Less than 1 year of cash runway based on current free cash flow (-€407m).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 2.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Energy Services industry in Europe.Board Change • May 20High 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.Board Change • Apr 14High 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 02Full year 2022 earnings releasedFull year 2022 results: Revenue: €9.98b (up 45% from FY 2021). Net loss: €315.0m (loss narrowed 87% from FY 2021). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Energy Services industry in Europe.Buying Opportunity • Feb 14Now 22% undervaluedOver the last 90 days, the stock is up 29%. 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. 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.공시 • 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.공시 • 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 8.0% growth forecast for the Energy Services industry in Europe.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 20% growth forecast for the industry in Austria.Buying Opportunity • Jul 14Now 61% undervalued after recent price dropOver the last 90 days, the stock is down 98%. The fair value is estimated to be €3.04, 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 28% in a year. Earnings is forecast to grow by 91% 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 19% growth forecast for the industry in Austria.Board Change • Jun 07High 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.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 21% growth forecast for the industry in Austria. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 29 percentage points per year, which is a significant difference in performance.Buying Opportunity • Jan 31Now 29% undervalued after recent price dropOver the last 90 days, the stock is down 28%. The fair value is estimated to be €1.94, 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 22% per year, which means it has not declined as severely as earnings.Reported Earnings • Apr 29First 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 28Full 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.Is New 90 Day High Low • Feb 10New 90-day high: €2.46The company is up 33% from its price of €1.86 on 11 November 2020. The Austrian market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 21% 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 57% from its price of €1.41 on 01 October 2020. The Austrian market is up 29% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 38% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.08 per share.Is New 90 Day High Low • Dec 10New 90-day high: €2.18The company is up 32% from its price of €1.66 on 10 September 2020. The Austrian market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.90 per share.Is New 90 Day High Low • Nov 16New 90-day high: €1.91The company is up 2.0% from its price of €1.88 on 18 August 2020. The Austrian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is up 3.0% 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 12% decline forecast for the Energy Services industry in Austria.이익 및 매출 성장 예측WBAG:SPM3 - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202815,5426461,1771,6431412/31/202715,8416111,1371,6071712/31/202615,6024641,0671,583163/31/202615,5133121,1981,501N/A12/31/202515,5033111,1401,504N/A9/30/202515,4013211,0361,383N/A6/30/202515,3463281,1181,448N/A3/31/202515,0203268851,235N/A12/31/202414,5493067241,061N/A9/30/202413,6483075791,101N/A6/30/202412,952263362899N/A3/31/202412,346242207704N/A12/31/202311,881185104586N/A9/30/202311,307-74-238307N/A6/30/202311,142-152-407169N/A3/31/202310,745-222-834-271N/A12/31/20229,987-315-1,000-477N/A9/30/20229,098-1,555-601-291N/A6/30/20227,677-1,790-637-428N/A3/31/20227,199-2,445-19086N/A12/31/20216,528-2,406-15690N/A9/30/20217,017-1,241N/AN/AN/A6/30/20216,767-99023273N/A3/31/20216,844-987-27456N/A12/31/20207,399-1,136-199123N/A9/30/20207,743-1,048182531N/A6/30/20208,255-887306702N/A3/31/20209,127-2787411,062N/A12/31/20199,09912N/A1,257N/A9/30/20199,234-71N/A935N/A6/30/20199,252-135N/A842N/A3/31/20198,777-449N/A712N/A12/31/20188,536-472N/A711N/A9/30/20188,181-628N/A566N/A6/30/20188,222-541N/A684N/A3/31/20188,665-377N/A684N/A12/31/20179,012-328N/A459N/A9/30/20178,997-219N/A700N/A6/30/20179,324-2,250N/A854N/A3/31/20179,429-2,101N/A938N/A12/31/201610,006-2,087N/A978N/A9/30/201610,955-1,865N/A1,085N/A6/30/201611,416167N/A532N/A3/31/201611,335-822N/A44N/A12/31/201511,515-806N/A-507N/A9/30/201511,856-1,308N/A-41N/A6/30/201512,294-1,286N/A296N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: SPM3 의 연간 예상 수익 증가율(17.4%)이 saving rate(2.3%)보다 높습니다.수익 vs 시장: SPM3 의 연간 수익(17.4%)이 Austrian 시장(11.4%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: SPM3 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: SPM3 의 수익(연간 0.5%)이 Austrian 시장(연간 4.1%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: SPM3 의 수익(연간 0.5%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: SPM3의 자본 수익률은 3년 후 20.8%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YEnergy 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/25 22:12종가2026/05/25 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Saipem SpA는 44명의 분석가가 다루고 있습니다. 이 중 17명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Francesco SalaBanca Akros S.p.A. (ESN)Francesco TaddeiBanca Akros S.p.A. (ESN)Francesco SalaBanca Akros S.p.A. (ESN)41명의 분석가 더 보기
Declared Dividend • May 07Dividend of €0.17 announcedDividend of €0.17 is the same as last year. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 3.9%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (107% earnings payout ratio). However, it is well covered by cash flows (28% cash payout ratio). The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 19% to bring the payout ratio under control. EPS is expected to grow by 58% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
Board Change • May 07High 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.
Valuation Update With 7 Day Price Move • Apr 28Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €4.58, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 9x in the Energy Services industry in Europe. Total returns to shareholders of 258% over the past three years.
New Risk • Apr 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (107% payout ratio). Share price has been volatile over the past 3 months (6.0% average weekly change).
Reported Earnings • Apr 06Full 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 1.2% growth forecast for the Energy Services industry in Europe. 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 46% per year, which means it is significantly lagging earnings growth.
공시 • Apr 04Saipem SpA, Annual General Meeting, May 12, 2026Saipem SpA, Annual General Meeting, May 12, 2026, at 11:00 W. Europe Standard Time.
Declared Dividend • Mar 15Dividend of €0.17 announcedDividend of €0.17 is the same as last year. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 5.0%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio). However, it is well covered by cash flows (29% cash payout ratio). The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control. EPS is expected to grow by 29% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
New Risk • Mar 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (102% payout ratio). Share price has been volatile over the past 3 months (5.0% average weekly change).
Reported Earnings • Feb 26Full year 2025 earnings releasedFull year 2025 results: Revenue: €15.5b (up 6.5% from FY 2024). Net income: €310.0m (up 1.3% 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 3.4% growth forecast for the Energy Services industry in Europe.
Board Change • Jan 13High 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.
공시 • 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 • Dec 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.
Board Change • Nov 18High 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 • Oct 24Third quarter 2025 earnings releasedThird quarter 2025 results: EPS: €0.041. Revenue: €3.77b (up 1.6% from 3Q 2024). Net income: €81.0m (down 8.0% from 3Q 2024). Profit margin: 2.1% (down from 2.4% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.7% growth forecast for the Energy Services industry in Europe.
Board Change • Sep 10High 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 • Aug 21High 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.
New Risk • Aug 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (102% payout ratio). Share price has been volatile over the past 3 months (4.3% average weekly change).
Reported Earnings • Jul 25Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: €3.69b (up 9.6% from 2Q 2024). Net income: €63.0m (up 3.3% from 2Q 2024). Profit margin: 1.7% (in line with 2Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 4.5% growth forecast for the Energy Services industry in Europe.
Board Change • Jul 24High 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.
New Risk • May 20New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (109% payout ratio). Share price has been volatile over the past 3 months (6.8% average weekly change).
Upcoming Dividend • May 12Upcoming dividend of €0.17 per shareEligible shareholders must have bought the stock before 19 May 2025. Payment date: 21 May 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 7.8%. Within top quartile of Austrian dividend payers (4.9%). Higher than average of industry peers (6.6%).
Reported Earnings • Apr 08Full year 2024 earnings released: EPS: €0.16 (vs €0.093 in FY 2023)Full year 2024 results: EPS: €0.16 (up from €0.093 in FY 2023). Revenue: €14.5b (up 23% from FY 2023). Net income: €306.0m (up 65% from FY 2023). Profit margin: 2.1% (up from 1.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Energy Services industry in Europe.
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €1.77, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Energy Services industry in Europe. Total loss to shareholders of 36% over the past three years.
Board Change • Mar 25High 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.
공시 • 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 04High 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.
Reported Earnings • Feb 27Full year 2024 earnings releasedFull year 2024 results: Revenue: €14.5b (up 23% from FY 2023). Net income: €306.0m (up 65% from FY 2023). Profit margin: 2.1% (up from 1.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Energy Services industry in Europe.
공시 • 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.
공시 • 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
공시 • 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
Board Change • Jan 07High 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.
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 2.9% growth forecast for the Energy Services industry in Europe.
New Risk • Aug 14New 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (6.2% average weekly change). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding).
New Risk • Aug 09New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 6.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding).
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 4.1% growth forecast for the Energy Services industry in Europe.
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 15Full 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 17%After last week's 17% share price gain to €1.73, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Energy Services industry in Europe. Total loss to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.83 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.
Board Change • Feb 10High 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.
공시 • 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.
공시 • 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
공시 • 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.
Board Change • Nov 03High 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.
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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (6.7% average weekly change). Minor Risk Less than 1 year of cash runway based on current free cash flow (-€275m).
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. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Less than 1 year of cash runway based on current free cash flow (-€407m).
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 2.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Energy Services industry in Europe.
Board Change • May 20High 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.
Board Change • Apr 14High 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 02Full year 2022 earnings releasedFull year 2022 results: Revenue: €9.98b (up 45% from FY 2021). Net loss: €315.0m (loss narrowed 87% from FY 2021). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Energy Services industry in Europe.
Buying Opportunity • Feb 14Now 22% undervaluedOver the last 90 days, the stock is up 29%. 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. 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.
공시 • 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.
공시 • 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 8.0% growth forecast for the Energy Services industry in Europe.
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 20% growth forecast for the industry in Austria.
Buying Opportunity • Jul 14Now 61% undervalued after recent price dropOver the last 90 days, the stock is down 98%. The fair value is estimated to be €3.04, 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 28% in a year. Earnings is forecast to grow by 91% 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 19% growth forecast for the industry in Austria.
Board Change • Jun 07High 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.
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 21% growth forecast for the industry in Austria. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 29 percentage points per year, which is a significant difference in performance.
Buying Opportunity • Jan 31Now 29% undervalued after recent price dropOver the last 90 days, the stock is down 28%. The fair value is estimated to be €1.94, 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 22% per year, which means it has not declined as severely as earnings.
Reported Earnings • Apr 29First 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 28Full 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.
Is New 90 Day High Low • Feb 10New 90-day high: €2.46The company is up 33% from its price of €1.86 on 11 November 2020. The Austrian market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 21% 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 57% from its price of €1.41 on 01 October 2020. The Austrian market is up 29% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 38% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.08 per share.
Is New 90 Day High Low • Dec 10New 90-day high: €2.18The company is up 32% from its price of €1.66 on 10 September 2020. The Austrian market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.90 per share.
Is New 90 Day High Low • Nov 16New 90-day high: €1.91The company is up 2.0% from its price of €1.88 on 18 August 2020. The Austrian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is up 3.0% 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 12% decline forecast for the Energy Services industry in Austria.