Saipem (DB:SPEA) - Stock Price, News & Analysis

SPEA Stock Overview

Saipem SpA provides energy and infrastructure solutions worldwide.

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

Rewards

Trading at 3.6% below our estimate of its fair value

Earnings are forecast to grow 26.41% per year

Became profitable this year

Risk Analysis

Volatile share price over the past 3 months

Saipem SpA Competitors

Verbio

XTRA:VBK

€1.2b

CropEnergies

XTRA:CE2

€1.0b

CropEnergies

HMSE:CE2

€1.0b

Vallourec

ENXTPA:VK

€4.0b

Price History & Performance

Summary of all time highs, changes and price drops for Saipem
Historical stock prices
Current Share Price	€2.22
52 Week High	€2.42
52 Week Low	€1.15
Beta	1.98
1 Month Change	9.31%
3 Month Change	55.24%
1 Year Change	59.60%
3 Year Change	-97.88%
5 Year Change	-98.97%
Change since IPO	-99.70%

Recent updates

Shareholder Returns

	SPEA	DE Energy Services	DE Market
7D	-8.3%	-3.3%	-1.7%
1Y	59.6%	24.1%	-0.2%

Return vs Industry: SPEA exceeded the German Energy Services industry which returned 25.3% over the past year.

Return vs Market: SPEA exceeded the German Market which returned 0.9% over the past year.

Price Volatility

Is SPEA's price volatile compared to industry and market?
SPEA volatility
SPEA Average Weekly Movement	7.7%
Energy Services Industry Average Movement	5.1%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.0%
10% least volatile stocks in DE Market	2.4%

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

Volatility Over Time: SPEA's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
1957	28,700	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?
SPEA fundamental statistics
Market cap	€4.47b
Earnings (TTM)	€185.00m
Revenue (TTM)	€11.88b

24.2x

P/E Ratio

0.4x

P/S Ratio

Is SPEA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SPEA income statement (TTM)
Revenue	€11.88b
Cost of Revenue	€9.23b
Gross Profit	€2.65b
Other Expenses	€2.46b
Earnings	€185.00m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

Apr 22, 2024

Earnings per share (EPS)	0.093
Gross Margin	22.30%
Net Profit Margin	1.56%
Debt/Equity Ratio	99.9%

How did SPEA perform over the long term?

See historical performance and comparison

SPEA Stock Overview

Rewards

Risk Analysis

Saipem SpA Competitors

XTRA:VBK

€1.2b

XTRA:CE2

€1.0b

HMSE:CE2

€1.0b

ENXTPA:VK

€4.0b

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 30%

Full year 2023 earnings released

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).

Recent updates

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

Investor sentiment improves as stock rises 30%

Full year 2023 earnings released

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).

New minor risk - Financial position

Now 22% undervalued after recent price drop

New minor risk - Financial position

Second quarter 2023 earnings released

Forecast to breakeven in 2023

Full year 2022 earnings released

Now 23% 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)

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

First quarter 2022 earnings released

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

First quarter 2022 earnings released

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

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)

Revenue beats expectations

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: €2.47

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

New 90-day high: €2.39

New 90-day high: €2.22

New 90-day high: €2.15

New 90-day low: €1.36

Third quarter earnings released

Third-quarter earnings released: Revenue misses expectations

New 90-day low: €1.57

New 90-day low - €1.78

First half earnings released

New 90-day low - €1.90

Shareholder Returns

Price Volatility

About the Company

Saipem SpA Fundamentals Summary

24.2x