Snam Past Earnings Performance

Past criteria checks 1/6

Snam's earnings have been declining at an average annual rate of -1.5%, while the Gas Utilities industry saw earnings growing at 9.8% annually. Revenues have been growing at an average rate of 9.6% per year. Snam's return on equity is 9.4%, and it has net margins of 18.1%.

Key information

-1.5%

Earnings growth rate

-2.3%

EPS growth rate

Gas Utilities Industry Growth	8.1%
Revenue growth rate	9.6%
Return on equity	9.4%
Net Margin	18.1%
Next Earnings Update	13 Mar 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Snam makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BATS-CHIXE:SRGM Revenue, expenses and earnings (EUR Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 23	4,112	746	244
30 Jun 23	3,913	683	204
31 Mar 23	3,656	663	244
31 Dec 22	3,515	671	244
30 Sep 22	3,511	1,251	215
30 Jun 22	3,448	1,304	241
31 Mar 22	3,418	1,495	215
31 Dec 21	3,297	1,496	222
30 Sep 21	3,072	1,453	180
30 Jun 21	2,949	1,407	192
31 Mar 21	2,796	1,116	180
31 Dec 20	2,770	1,101	191
30 Sep 20	2,739	1,088	180
30 Jun 20	2,676	1,081	186
31 Mar 20	2,717	1,108	0
31 Dec 19	2,665	1,090	180
30 Sep 19	2,624	1,034	201
30 Jun 19	2,647	1,018	213
31 Mar 19	2,595	989	204
31 Dec 18	2,586	960	201
30 Sep 18	2,554	935	188
30 Jun 18	2,536	916	188
31 Mar 18	2,535	897	188
31 Dec 17	2,533	897	188
30 Sep 17	2,328	725	104
30 Jun 17	2,562	731	193
31 Mar 17	2,532	665	184
31 Dec 16	2,501	591	184
30 Sep 16	1,872	529	251
30 Jun 16	1,921	548	251
31 Mar 16	2,173	651	84
31 Dec 15	2,551	796	171
30 Sep 15	3,721	1,223	114
30 Jun 15	3,747	1,249	203
31 Mar 15	3,834	1,231	375
31 Dec 14	3,832	1,198	373
30 Sep 14	3,842	1,106	403
30 Jun 14	3,835	1,016	406
31 Mar 14	3,834	967	397
31 Dec 13	3,818	917	406
30 Sep 13	3,890	940	358
30 Jun 13	3,852	733	354
31 Mar 13	3,798	747	362

Quality Earnings: SRGM has high quality earnings.

Growing Profit Margin: SRGM's current net profit margins (18.1%) are lower than last year (35.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SRGM's earnings have declined by 1.5% per year over the past 5 years.

Accelerating Growth: SRGM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SRGM had negative earnings growth (-40.4%) over the past year, making it difficult to compare to the Gas Utilities industry average (-5.2%).

Return on Equity

High ROE: SRGM's Return on Equity (9.4%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/02/05 00:17
End of Day Share Price	2024/02/05 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

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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

Snam S.p.A. is covered by 37 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
Juan Rodriguez	AlphaValue
Francesco Sala	Banca Akros S.p.A. (ESN)
Claudia Introvigne	Banca Leonardo