Saipem (WBAG:SPM3) - Stock Price, News & Analysis

SPM3 Stock Overview

Provides energy and infrastructure solutions worldwide.

SPM3 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	5/6
Past Performance	3/6
Financial Health	4/6
Dividends	0/6

Rewards

Trading at 3.7% below our estimate of its fair value

Earnings are forecast to grow 22.8% per year

Became profitable this year

Analysts in good agreement that stock price will rise by 24.4%

Risk Analysis

Highly volatile share price over the past 3 months

Saipem SpA Competitors

Schoeller-Bleckmann Oilfield Equipment

WBAG:SBO

€702.1m

OMV

WBAG:OMV

€15.4b

Yantai Jereh Oilfield Services Group

SZSE:002353

CN¥34.4b

Vallourec

ENXTPA:VK

€3.8b

Price History & Performance

Summary of all time highs, changes and price drops for Saipem
Historical stock prices
Current Share Price	€2.13
52 Week High	€2.43
52 Week Low	€1.18
Beta	1.97
1 Month Change	-12.34%
3 Month Change	58.50%
1 Year Change	70.48%
3 Year Change	-97.83%
5 Year Change	-98.92%
Change since IPO	-98.75%

Recent updates

Shareholder Returns

	SPM3	AT Energy Services	AT Market
7D	-1.4%	1.5%	2.5%
1Y	70.5%	28.0%	10.2%

Return vs Industry: SPM3 exceeded the Austrian Energy Services industry which returned 29.8% over the past year.

Return vs Market: SPM3 exceeded the Austrian Market which returned 10.7% over the past year.

Price Volatility

Is SPM3's price volatile compared to industry and market?
SPM3 volatility
SPM3 Average Weekly Movement	9.8%
Energy Services Industry Average Movement	5.1%
Market Average Movement	3.3%
10% most volatile stocks in AT Market	5.3%
10% least volatile stocks in AT Market	1.7%

Stable Share Price: SPM3's share price has been volatile over the past 3 months.

Volatility Over Time: SPM3's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of Austrian stocks.

About the Company

Founded	Employees	CEO	Website
1957	30,000	Alessandro Puliti	www.saipem.com

Saipem SpA provides energy and infrastructure solutions worldwide. The company operates through Asset Based Services, Offshore Drilling, and Energy Carriers segments. It offers development of subsea fields and pipelaying; installation and lifting of offshore structures; and engineering, implementation, installation, maintenance, modification, and decommissioning activities.

Saipem SpA Fundamentals Summary

How do Saipem's earnings and revenue compare to its market cap?
SPM3 fundamental statistics
Market cap	€4.38b
Earnings (TTM)	€242.00m
Revenue (TTM)	€12.35b

18.1x

P/E Ratio

0.4x

P/S Ratio

Is SPM3 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SPM3 income statement (TTM)
Revenue	€12.35b
Cost of Revenue	€9.54b
Gross Profit	€2.81b
Other Expenses	€2.56b
Earnings	€242.00m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Jul 24, 2024

Earnings per share (EPS)	0.12
Gross Margin	22.72%
Net Profit Margin	1.96%
Debt/Equity Ratio	0%

How did SPM3 perform over the long term?

See historical performance and comparison

SPM3 Stock Overview

Rewards

Risk Analysis

Saipem SpA Competitors

WBAG:SBO

€702.1m

WBAG:OMV

€15.4b

SZSE:002353

CN¥34.4b

ENXTPA:VK

€3.8b

Price History & Performance

Recent News & Updates

Full year 2023 earnings released: EPS: €0.093 (vs €0.34 loss in FY 2022)

Investor sentiment improves as stock rises 17%

Full year 2023 earnings released

High number of new and inexperienced directors

Saipem 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 SpA to Report Fiscal Year 2023 Results on Feb 28, 2024

Recent updates

Full year 2023 earnings released: EPS: €0.093 (vs €0.34 loss in FY 2022)

Investor sentiment improves as stock rises 17%

Full year 2023 earnings released

High number of new and inexperienced directors

Saipem 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 SpA to Report Fiscal Year 2023 Results on Feb 28, 2024

BW Energy Limited (OB:BWE) acquired FPSO Cidade de Vitoria from Saipem SpA (BIT:SPM).

BW Energy Limited (OB:BWE) acquired FPSO Cidade de Vitoria from Saipem SpA (BIT:SPM).

High number of new and inexperienced directors

New minor risk - Financial position

New minor risk - Financial position

Second quarter 2023 earnings released

High number of new and inexperienced directors

High number of new and inexperienced directors

Full year 2022 earnings released

Now 22% undervalued

Saipem SpA, Annual General Meeting, May 03, 2023

Saipem SpA to Report Q3, 2023 Results on Oct 25, 2023

High number of new and inexperienced directors

Saipem S.p.A. Appoints Davide Manunta as Non-Executive and Non-Independent Director, Member of the Sustainability, Scenarios and Governance Committee

Third quarter 2022 earnings released: €1.64 loss per share (vs €16.46 loss in 3Q 2021)

Clough Reportedly for Sale

Saipem S.p.A. Announces Executive Changes

Saipem Spa Announces Resignation of Mr. Pier Francesco Ragni as Non-Executive and Non-Independent Member of the Board and Member of Sustainability, Scenarios and Governance Committee

Second quarter 2022 earnings released: €1.44 loss per share (vs €31.58 loss in 2Q 2021)

Now 61% undervalued after recent price drop

Saipem SpA has completed a Follow-on Equity Offering in the amount of €1.395245 billion.

First quarter 2022 earnings released

High number of new and inexperienced directors

Kca Deutag Limited agreed to acquire Onshore drilling business of Saipem from Saipem SpA for $550 million.

KCA Deutag Drilling Limited signed a binding agreement to acquire Drilling Onshore Business from Saipem SpA (BIT:SPM).

Saipem SpA Appoints Paolo Calcagnini as Chief Financial Officer

High number of new and inexperienced directors

Full year 2021 earnings released: €1.93 loss per share (vs €1.15 loss in FY 2020)

Saipem SpA to Report Q2, 2022 Results on Jul 27, 2022

Now 29% undervalued after recent price drop

Third quarter 2021 earnings released: €0.34 loss per share (vs €0.13 loss in 3Q 2020)

Second quarter 2021 earnings released: €0.66 loss per share (vs €0.62 loss in 2Q 2020)

Saipem SpA (BIT:SPM) completed the acquisition of Floating Wind Business Of Naval Energies from Naval Energies SAS.

Saipem SpA (BIT:SPM) agreed to acquire Floating Wind Business Of Naval Energies from Naval Energies.

First quarter 2021 earnings released: €0.12 loss per share (vs €0.27 loss in 1Q 2020)

Full year 2020 earnings released: €1.14 loss per share (vs €0.012 profit in FY 2019)

Full year 2020 earnings released: €1.14 loss per share (vs €0.012 profit in FY 2019)

Elkem to Study Carbon Capture Opportunities with Aker Carbon Capture and Saipem

Saipem SpA to Report Fiscal Year 2020 Results on Feb 25, 2021

New 90-day high: €2.46

Saipem SpA Awards Front-End Engineering Design Contract for the Development of the Downstream

New 90-day high: €2.21

New 90-day high: €2.18

New 90-day high: €1.91

Third quarter earnings released

Third-quarter earnings released: Revenue misses expectations

New 90-day low - €1.62

New 90-day low - €1.78

First half earnings released

New 90-day low - €1.81

Shareholder Returns

Price Volatility

About the Company