SRSM Stock Overview

Engages in the oil refinery business in Italy and internationally. More details

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

Rewards

Trading at 30.4% below our estimate of its fair value

Risk Analysis

Earnings are forecast to decline by an average of 50.3% per year for the next 3 years

Shares are highly illiquid

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

Saras S.p.A. Competitors

Yellow Cake

AIM:YCA

UK£1.1b

Seplat Energy

LSE:SEPL

UK£1.2b

Energean

LSE:ENOG

UK£1.9b

Ithaca Energy

LSE:ITH

UK£2.1b

Price History & Performance

Summary of share price highs, lows and changes for Saras
Historical stock prices
Current Share Price	€1.53
52 Week High	€1.57
52 Week Low	€1.48
Beta	0.87
1 Month Change	1.56%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	1.56%

Recent updates

Shareholder Returns

	SRSM	GB Oil and Gas	GB Market
7D	-1.7%	6.1%	0.6%
1Y	n/a	0.9%	4.6%

Return vs Industry: Insufficient data to determine how SRSM performed against the UK Oil and Gas industry.

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

Price Volatility

Is SRSM's price volatile compared to industry and market?
SRSM volatility
SRSM Average Weekly Movement	n/a
Oil and Gas Industry Average Movement	8.3%
Market Average Movement	4.7%
10% most volatile stocks in GB Market	10.6%
10% least volatile stocks in GB Market	2.5%

Stable Share Price: SRSM has not had significant price volatility in the past 3 months.

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

About the Company

Founded	Employees	CEO	Website
1962	1,576	Massimo Moratti	www.saras.it

Saras S.p.A. engages in the oil refinery business in Italy and internationally. The company operates through Industrial & Marketing; and Renewables segments. It also sells and distributes oil products, such as diesel, gasoline, diesel fuel for heating, liquefied petroleum gas, virgin naphtha, bunkering, and aviation fuel.

Saras S.p.A. Fundamentals Summary

How do Saras's earnings and revenue compare to its market cap?
SRSM fundamental statistics
Market cap	€1.44b
Earnings (TTM)	€343.24m
Revenue (TTM)	€12.33b

4.2x

P/E Ratio

0.1x

P/S Ratio

Is SRSM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SRSM income statement (TTM)
Revenue	€12.33b
Cost of Revenue	€11.45b
Gross Profit	€877.81m
Other Expenses	€534.57m
Earnings	€343.24m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.36
Gross Margin	7.12%
Net Profit Margin	2.78%
Debt/Equity Ratio	40.2%

How did SRSM perform over the long term?

See historical performance and comparison

Dividends

12.5%

Current Dividend Yield

53%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/01/08 07:14
End of Day Share Price	2024/01/05 00:00
Earnings	2023/09/30
Annual Earnings	2022/12/31

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 here.

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 .

Analyst Sources

Saras S.p.A. is covered by 24 analysts. 3 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
Pierre-Yves Gauthier	AlphaValue
Lucy Haskins	Barclays
Alexandre Marie	BNP Paribas Exane

Saras BATS-CHIXE:SRSM Stock Report