How does SPMm's PE Ratio compare to its peers?

SPMm is good value based on its Price-To-Earnings Ratio (15.1x) compared to the peer average (17.5x).

How does SPMm's PE Ratio compare vs other companies in the European Energy Services Industry?

SPMm is expensive based on its Price-To-Earnings Ratio (15.1x) compared to the European Energy Services industry average (9.4x).

What is SPMm's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate SPMm's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of SPMm when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

SPMm (€2.3) is trading below our estimate of [[fair value]] (€4.59)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Saipem (BATS-CHIXE:SPMm) - Stock Price, News & Analysis

SPMm Stock Overview

Provides energy and infrastructure solutions worldwide. More details

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

Rewards

Trading at 49.9% below our estimate of its fair value

Earnings are forecast to grow 25.08% per year

Became profitable this year

Analysts in good agreement that stock price will rise by 29.2%

Risk Analysis

No risks detected for SPMm from our risk checks.

Saipem SpA Competitors

Hunting

LSE:HTG

UK£498.2m

Gulf Marine Services

LSE:GMS

UK£187.8m

Harbour Energy

LSE:HBR

UK£3.6b

Ithaca Energy

LSE:ITH

UK£1.6b

Price History & Performance

Summary of all time highs, changes and price drops for Saipem
Historical stock prices
Current Share Price	€2.30
52 Week High	€2.45
52 Week Low	€1.39
Beta	1.84
11 Month Change	15.45%
3 Month Change	13.31%
1 Year Change	n/a
33 Year Change	-97.55%
5 Year Change	-98.87%
Change since IPO	-98.60%

Recent updates

Shareholder Returns

	SPMm	GB Energy Services	GB Market
7D	-1.3%	-4.3%	-0.3%
1Y	n/a	-33.3%	6.1%

Return vs Industry: Insufficient data to determine how SPMm performed against the UK Energy Services industry.

Return vs Market: Insufficient data to determine how SPMm performed against the UK Market.

Price Volatility

Is SPMm's price volatile compared to industry and market?
SPMm volatility
SPMm Average Weekly Movement	5.5%
Energy Services Industry Average Movement	6.5%
Market Average Movement	4.7%
10% most volatile stocks in GB Market	10.3%
10% least volatile stocks in GB Market	2.6%

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

Volatility Over Time: Insufficient data to determine SPMm's volatility change over the past year.

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?
SPMm fundamental statistics
Market cap	€4.63b
Earnings (TTM)	€307.00m
Revenue (TTM)	€13.65b

15.1x

P/E Ratio

0.3x

P/S Ratio

Is SPMm overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SPMm income statement (TTM)
Revenue	€13.65b
Cost of Revenue	€10.51b
Gross Profit	€3.14b
Other Expenses	€2.83b
Earnings	€307.00m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.16
Gross Margin	22.99%
Net Profit Margin	2.25%
Debt/Equity Ratio	0%

How did SPMm perform over the long term?

See historical performance and comparison

SPMm Stock Overview

Rewards

Risk Analysis

Saipem SpA Competitors

LSE:HTG

UK£498.2m

LSE:GMS

UK£187.8m

LSE:HBR

UK£3.6b

LSE:ITH

UK£1.6b

Price History & Performance

Recent News & Updates

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

High number of new and inexperienced directors

Recent updates

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

High number of new and inexperienced directors

New minor risk - Financial position

High number of new and inexperienced directors

Saipem SpA, Annual General Meeting, May 03, 2023

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

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

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

High number of new and inexperienced directors

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

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

High number of new and inexperienced directors

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

High number of new and inexperienced directors

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

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

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

High number of new and inexperienced directors

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

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: €2.49

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

New 90-day high: €2.21

New 90-day high: €2.20

Shareholder Returns

Price Volatility

About the Company

Saipem SpA Fundamentals Summary

15.1x

0.3x

Earnings & Revenue