SPM Share Price Performance
€4.41
2.05 (86.70%)
21.6% overvalued intrinsic discount
€3.63
Fair Value
Price €4.41
AnalystLowTarget €3.63
AnalystHighTarget €5.99
AnalystConsensusTarget €3.12
Fair Value€3.63
Share Pricen/a
Narrative Update • Jun 30
Saipem SpA Stock Price
- 3 Narratives written by author
- 1 Comments on narratives written by author
- 83 Fair Values set on narratives written by author
SPM Community Narratives
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Fair Value
·Fair Value €3.63 21.6% overvalued intrinsic discount
Declining Fossil Demand And ESG Pressure Will Erode Value
0users have liked this narrative
0users have commented on this narrative
1users have followed this narrative
AN
Fair Value
·Fair Value €5.99 26.5% undervalued intrinsic discount
Global Demand And Decarbonization Will Unlock New LNG Opportunities
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8users have followed this narrative
AN
Fair Value
·Fair Value €3.09 42.6% overvalued intrinsic discount
Robust Backlog And Expanding CCUS Will Shape Future Energy Infrastructure
0users have liked this narrative
1users have commented on this narrative
31users have followed this narrative
Declining Fossil Demand And ESG Pressure Will Erode Value
Saipem faces a tough question: as the world shifts away from fossil fuels and investors shy away from oil-linked projects, can its core business keep winning work and staying profitable. The story weighs that pressure against a growing backlog and a push into newer areas like offshore wind and carbon capture that could change the company’s future.Read more
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€3.63
21.6% overvalued intrinsic discount
Fair Value
Revenue
-3.04% p.a.
Profit Margin
3.85%
Future PE
16.29x
Price in 2029
€4.69
Global Demand And Decarbonization Will Unlock New LNG Opportunities
Saipem could get a fresh wave of work as countries expand gas projects and upgrade energy infrastructure, while it also pushes into cleaner-energy services like carbon capture and biorefining. But its heavy ties to oil and gas projects, tough competition, and the risk of costly project missteps could quickly derail that upside.Read more
AN
€5.99
26.5% undervalued intrinsic discount
Fair Value
Revenue
2.07% p.a.
Profit Margin
5.63%
Future PE
15.88x
Price in 2029
€7.8
Robust Backlog And Expanding CCUS Will Shape Future Energy Infrastructure
Key Takeaways Expansion into energy transition and digitalization is driving higher-margin, diversified revenue streams and greater operational efficiency. Risk reduction in core business and stronger industry partnerships are enhancing earnings stability and long-term revenue visibility.Read more
AN
€3.09
42.6% overvalued intrinsic discount
Fair Value
Revenue
0.04% p.a.
Profit Margin
4.15%
Future PE
13.3x
Price in 2028
€4.33
Trending Discussion
Recently Updated Narratives
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SPM: Execution Risks On New Offshore Projects Are Expected To Test Rich Valuation
Fair Value: €3.63 21.6% overvalued intrinsic discount
1 fair value setusers have set this as their fair value
0 commentsusers have commented on this narrative
0 likesusers have liked this narrative
AN
SPM: Carbon Capture Projects Will Support Repriced Earnings Multiple
Fair Value: €5.99 26.5% undervalued intrinsic discount
8 fair values setusers have set this as their fair value
0 commentsusers have commented on this narrative
0 likesusers have liked this narrative
AN
Robust Backlog And Expanding CCUS Will Shape Future Energy Infrastructure
Fair Value: €3.09 42.6% overvalued intrinsic discount
31 fair values setusers have set this as their fair value
1 commentusers have commented on this narrative
0 likesusers have liked this narrative
Snowflake Analysis
Saipem SpA Key Details
Last Reported Earnings
Mar 31, 2026
Next Reporting Earnings
Jul 27, 2026
- 0.16
- 32.58%
- 2.01%
- 0%
About SPM
- Founded
- 1957
- Employees
- 30000
- CEO
- WebsiteView website
Saipem SpA provides energy and infrastructure solutions worldwide. It operates through Asset Based Services, Offshore Drilling, and Energy Carriers segments. The company offers development of subsea fields and pipelaying; installation and lifting of offshore structures; engages in engineering, implementation, installation, maintenance, modification, and decommissioning activities, as well as offshore engineering and construction, and wind activities. It is also involved in onshore engineering and construction, sustainable infrastructures, and robotics and industrialized solutions; and design and construction of infrastructure projects, such as railway lines in high speed/high capacity lines. In addition, the company provides procurement, project management, and construction services to oil and gas, civil and marine infrastructure, and environmental markets. The company was founded in 1957 and is headquartered in Milan, Italy.
