SRG Stock Overview

Engages in the operation of natural gas transport and storage infrastructure. More details

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

Rewards

Earnings are forecast to grow 3.41% per year

Earnings grew by 10.9% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 5.93% is not well covered by free cash flows

Snam S.p.A. Competitors

VERBUND

WBAG:VER

€22.9b

EVN

WBAG:EVN

€4.0b

Hong Kong and China Gas

SEHK:3

HK$130.8b

GAIL (India)

NSEI:GAIL

₹1.3t

Price History & Performance

Summary of share price highs, lows and changes for Snam
Historical stock prices
Current Share Price	€4.85
52 Week High	€5.00
52 Week Low	€4.14
Beta	0.65
1 Month Change	4.54%
3 Month Change	9.99%
1 Year Change	11.59%
3 Year Change	-7.72%
5 Year Change	18.25%
Change since IPO	18.80%

Recent updates

Shareholder Returns

	SRG	AT Gas Utilities	AT Market
7D	0.6%	1.2%	1.5%
1Y	11.6%	10.1%	8.8%

Return vs Industry: SRG exceeded the Austrian Gas Utilities industry which returned 10.6% over the past year.

Return vs Market: SRG exceeded the Austrian Market which returned 7.2% over the past year.

Price Volatility

Is SRG's price volatile compared to industry and market?
SRG volatility
SRG Average Weekly Movement	3.7%
Gas Utilities Industry Average Movement	3.3%
Market Average Movement	5.0%
10% most volatile stocks in AT Market	8.2%
10% least volatile stocks in AT Market	3.1%

Stable Share Price: SRG has not had significant price volatility in the past 3 months compared to the Austrian market.

Volatility Over Time: SRG's weekly volatility (4%) has been stable over the past year.

Community vs My Fair Value

Select a narrative for quick price alerts from the community, or create your own.

About the Company

Founded	Employees	CEO	Website
1941	3,879	Stefano Venier	www.snam.it

Snam S.p.A., together with its subsidiaries, engages in the operation of natural gas transport and storage infrastructure. It operates through Transportation, Storage, Regasification, Energy Transition, and other segments. The company provides natural gas transportation and dispatching services; and owns and manages liquified natural gas (LNG) regasification plants.

Snam S.p.A. Fundamentals Summary

How do Snam's earnings and revenue compare to its market cap?
SRG fundamental statistics
Market cap	€16.44b
Earnings (TTM)	€1.26b
Revenue (TTM)	€3.57b

13.1x

P/E Ratio

4.6x

P/S Ratio

Is SRG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SRG income statement (TTM)
Revenue	€3.57b
Cost of Revenue	€425.00m
Gross Profit	€3.14b
Other Expenses	€1.88b
Earnings	€1.26b

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

May 08, 2025

Earnings per share (EPS)	0.38
Gross Margin	88.09%
Net Profit Margin	35.29%
Debt/Equity Ratio	204.0%

How did SRG perform over the long term?

See historical performance and comparison

Dividends

5.9%

Current Dividend Yield

77%

Payout Ratio

Does SRG pay a reliable dividends?

See SRG dividend history and benchmarks

When do you need to buy SRG by to receive an upcoming dividend?
Snam dividend dates
Ex Dividend Date	Jun 23 2025
Dividend Pay Date	Jun 25 2025
Days until Ex dividend	60 days
Days until Dividend pay date	62 days

Does SRG pay a reliable dividends?

See SRG dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/04/23 11:35
End of Day Share Price	2025/04/23 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Snam S.p.A. is covered by 38 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Francesco Sala	Banca Akros S.p.A. (ESN)
Claudia Introvigne	Banca Leonardo
Virginia Sanz de Madrid Gross	Banco Santander

SRG Stock Overview

Rewards

Risk Analysis

Snam S.p.A. Competitors

WBAG:VER

€22.9b

WBAG:EVN

€4.0b

SEHK:3

HK$130.8b

NSEI:GAIL

₹1.3t

Price History & Performance

Recent News & Updates

Full year 2024 earnings released

Snam S.p.A. (BIT:SRG) entered into a share purchase agreement to acquire 24.99% stake in Vier Gas Holdings S.à R.L from Infinity Investments S.A. for €920 million.

Snam S.p.A. (BIT:SRG) entered into a share purchase agreement to acquire 24.99% stake in Vier Gas Holdings S.à R.L from Infinity Investments S.A. for €920 million.

Snam S.p.A., Annual General Meeting, May 14, 2025

Insufficient new directors

Final dividend increased to €0.17

Recent updates

Full year 2024 earnings released

Snam S.p.A. (BIT:SRG) entered into a share purchase agreement to acquire 24.99% stake in Vier Gas Holdings S.à R.L from Infinity Investments S.A. for €920 million.

Snam S.p.A. (BIT:SRG) entered into a share purchase agreement to acquire 24.99% stake in Vier Gas Holdings S.à R.L from Infinity Investments S.A. for €920 million.

Snam S.p.A., Annual General Meeting, May 14, 2025

Insufficient new directors

Final dividend increased to €0.17

High number of new directors

Snam S.p.A. (BIT:SRG) completed the acquisition of Edison Stoccaggio Spa from Edison S.p.A. (BIT:EDNR).

Dividend of €0.17 announced

Long Term Capital Fund managed by Lunate agreed to acquire an unknown minority stake in ADNOC Gas Pipeline Assets LLC from Snam S.p.A. (BIT:SRG).

High number of new directors

Snam S.p.A. to Report Q1, 2025 Results on May 08, 2025

Snam S.p.A. (BIT:SRG) completed the acquisition of 22.7% stake in Terminale GNL Adriatico S.r.l.

Dividend increased to €0.12

Third quarter 2024 earnings released

Second quarter 2024 earnings released

Upcoming dividend of €0.17 per share

Snam in Talks to Sell 24% Stake in Interconnector

First quarter 2024 earnings released

Full year 2023 earnings released

Final dividend increased to €0.17

Snam Enters Exclusive Talks to Buy Edison Gas Storage Assets in Italy

Upcoming dividend of €0.11 per share at 5.7% yield

Snam S.p.A. to Report Nine Months, 2024 Results on Nov 06, 2024

Snam Considers M&A Deals on Adriatic LNG

New major risk - Dividend sustainability

New major risk - Financial position

Second quarter 2023 earnings released

Upcoming dividend of €0.17 per share at 5.5% yield

First quarter 2023 earnings released

Full year 2022 earnings released

Snam S.p.A. to Report First Half, 2023 Results on Jul 27, 2023

Upcoming dividend of €0.11 per share

Snam S.p.A. (BIT:SRG) completed the acquisition of a 49.9% stake in Two gas pipelines from Eni S.p.A. (BIT:ENI) for approximately €410 million.

High number of new directors

Third quarter 2022 earnings released

Second quarter 2022 earnings released

Upcoming dividend of €0.16 per share

Snam S.p.A. (BIT:SRG) entered into agreement to acquire 100% stake in Golar LNG NB 13 Corporation from Golar LNG Limited for $350 million.

High number of new directors

First quarter 2022 earnings released

High number of new directors

Insufficient new directors

Full year 2021 earnings: Revenues exceed analyst expectations

Upcoming dividend of €0.10 per share

Snam Reportedly Considers Sale of Gas Storage Unit Stake

Snam S.p.A. (BIT:SRG) completed the acquisition of a 25% stake in East Mediterranean Gas S.A.E. from PTT Energy Resources Company Limited for $50 million.

Third quarter 2021 earnings released: EPS €0.10

Saudi Aramco Reportedly Aims to Raise at Least $17 Billion from Gas Pipeline

Second quarter 2021 earnings released

Upcoming dividend of €0.15 per share

First quarter 2021 earnings released: EPS €0.096

Snam S.p.A. Confirms Earnings Guidance for the Year 2021

Full year 2020 earnings released: EPS €0.33 (vs €0.33 in FY 2019)

Full year 2020 earnings released: EPS €0.33 (vs €0.33 in FY 2019)

New 90-day low: €4.29

Snam S.p.A. to Report Fiscal Year 2020 Results on Mar 17, 2021

Snam Signs Memorandum of Understanding with Linde to Jointly Develop Clean Hydrogen Projects and Related Infrastructure in Europe

Snam S.p.A. (BIT:SRG) entered into an agreement to acquire 33% stake in Industrie De Nora S.p.A. from Blackstone Tactical Opportunities Advisors L.L.C for approximately €400 million.