Snam S.p.A.

LSE:0NQP Stock Report

Market Cap: €20.7b

Snam Valuation

Is 0NQP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0NQP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 0NQP (€6.22) is trading below our estimate of future cash flow value (€19.16)

Significantly Below Future Cash Flow Value: 0NQP is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0NQP?

Key metric: As 0NQP is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0NQP. This is calculated by dividing 0NQP's market cap by their current earnings.
What is 0NQP's PE Ratio?
PE Ratio20x
Earnings€1.04b
Market Cap€20.70b

Price to Earnings Ratio vs Peers

How does 0NQP's PE Ratio compare to its peers?

The above table shows the PE ratio for 0NQP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.7x
SSE SSE
25.2x17.16%UK£29.6b
SVT Severn Trent
24.7x15.90%UK£9.0b
UU. United Utilities Group
17.4x9.96%UK£10.0b
NG. National Grid
19.2x11.13%UK£60.9b
0NQP Snam
20x8.28%€20.7b

Price-To-Earnings vs Peers: 0NQP is good value based on its Price-To-Earnings Ratio (20x) compared to the peer average (21.7x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does 0NQP's PE Ratio compare vs other companies in the Global Gas Utilities Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0NQP 20.0xIndustry Avg. 13.5xNo. of Companies17PE0816243240+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0NQP is expensive based on its Price-To-Earnings Ratio (20x) compared to the Global Gas Utilities industry average (13.5x).

Price to Earnings Ratio vs Fair Ratio

What is 0NQP'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.

0NQP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20x
Fair PE Ratio17.9x

Price-To-Earnings vs Fair Ratio: 0NQP is expensive based on its Price-To-Earnings Ratio (20x) compared to the estimated Fair Price-To-Earnings Ratio (17.9x).

Analyst Price Targets

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

The above table shows the analyst 0NQP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€6.19
€6.51
+5.11%
8.04%€7.30€5.40n/a20
Jul ’27€6.19
€6.50
+4.97%
8.79%€7.30€5.30n/a19
Jun ’27€6.19
€6.50
+5.04%
8.79%€7.30€5.30n/a19
May ’27€6.65
€6.42
-3.46%
9.81%€7.40€5.30n/a19
Apr ’27€6.53
€6.18
-5.24%
12.43%€7.40€5.00n/a19
Mar ’27€6.59
€5.74
-12.95%
8.86%€7.00€5.00n/a19
Feb ’27€5.80
€5.69
-1.78%
8.19%€7.00€5.00n/a19
Jan ’27€5.65
€5.64
-0.0099%
7.12%€6.50€5.00n/a18
Dec ’26€5.75
€5.54
-3.75%
8.37%€6.50€4.40n/a18
Nov ’26€5.35
€5.41
+1.18%
7.75%€6.40€4.40n/a18
Oct ’26€5.07
€5.41
+6.70%
7.75%€6.40€4.40n/a18
Sep ’26€5.16
€5.39
+4.40%
7.47%€6.40€4.40n/a18
Aug ’26€5.06
€5.38
+6.32%
7.37%€6.40€4.40n/a18
Jul ’26€5.15
€5.39
+4.79%
7.47%€6.40€4.40€6.1919
Jun ’26€5.27
€5.32
+0.95%
7.53%€6.00€4.40€6.1919
May ’26€5.04
€5.21
+3.32%
8.15%€5.90€4.20€6.6519
Apr ’26€4.77
€5.18
+8.47%
8.62%€5.90€4.20€6.5320
Mar ’26€4.65
€5.13
+10.32%
8.77%€5.90€4.20€6.5919
Feb ’26€4.45
€5.09
+14.35%
8.54%€5.90€4.20€5.8019
Jan ’26€4.28
€5.04
+17.85%
7.57%€5.90€4.20€5.6519
Dec ’25€4.42
€5.05
+14.23%
7.44%€5.90€4.20€5.7519
Nov ’25€4.43
€5.00
+12.70%
7.17%€5.60€4.20€5.3518
Oct ’25€4.61
€4.97
+7.78%
6.90%€5.60€4.20€5.0718
Sep ’25€4.48
€4.97
+10.89%
6.82%€5.60€4.20€5.1618
Aug ’25€4.35
€4.97
+14.41%
6.82%€5.60€4.20€5.0618
Jul ’25€4.18
€4.98
+19.06%
6.94%€5.60€4.20€5.1518
€6.53
Fair Value
4.9% undervalued intrinsic discount
20
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/22 21:36
End of Day Share Price 2026/07/22 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 35 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.

AnalystInstitution
Francesco SalaBanca Akros S.p.A. (ESN)
Tommaso MarabiniBanca Akros S.p.A. (ESN)
Virginia Sanz de Madrid GrossBanco Santander