Snam Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair 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.

Below Fair Value: 0NQP (€4.36) is trading above our estimate of fair value (€0.51)

Significantly Below Fair Value: 0NQP is trading above our estimate of fair value.


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 Ratio14.2x
Earnings€1.04b
Market Cap€14.74b

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 Average30x
SVT Severn Trent
36.2x24.3%UK£8.3b
SSE SSE
10.1x5.1%UK£19.2b
UU. United Utilities Group
68.2x24.4%UK£7.7b
CNA Centrica
5.7x-10.8%UK£6.2b
0NQP Snam
14.2x4.6%€14.7b

Price-To-Earnings vs Peers: 0NQP is good value based on its Price-To-Earnings Ratio (14.2x) compared to the peer average (30x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0NQP 14.2xIndustry Avg. 14.2xNo. of Companies15PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0NQP is good value based on its Price-To-Earnings Ratio (14.2x) compared to the Global Gas Utilities industry average (14.2x).


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 Ratio14.2x
Fair PE Ratio13.9x

Price-To-Earnings vs Fair Ratio: 0NQP is expensive based on its Price-To-Earnings Ratio (14.2x) compared to the estimated Fair Price-To-Earnings Ratio (13.9x).


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€4.36
€5.04
+15.6%
7.6%€5.90€4.20n/a19
Nov ’25€4.43
€5.00
+12.7%
7.2%€5.60€4.20n/a18
Oct ’25€4.61
€4.97
+7.8%
6.9%€5.60€4.20n/a18
Sep ’25€4.48
€4.97
+10.9%
6.8%€5.60€4.20n/a18
Aug ’25€4.35
€4.97
+14.4%
6.8%€5.60€4.20n/a18
Jul ’25€4.18
€4.98
+19.1%
6.9%€5.60€4.20n/a18
Jun ’25€4.35
€5.03
+15.6%
6.9%€5.60€4.20n/a19
May ’25€4.32
€5.07
+17.4%
6.6%€5.60€4.40n/a19
Apr ’25€4.38
€5.07
+15.9%
7.0%€5.60€4.40n/a19
Mar ’25€4.37
€5.10
+16.8%
7.2%€5.70€4.40n/a19
Feb ’25€4.51
€5.11
+13.4%
6.9%€5.70€4.55n/a19
Jan ’25€4.66
€5.08
+9.0%
6.8%€5.80€4.55n/a18
Dec ’24€4.65
€5.07
+9.0%
6.9%€5.80€4.55n/a18
Nov ’24€4.37
€5.22
+19.5%
5.9%€5.80€4.55€4.4317
Oct ’24€4.49
€5.24
+16.8%
6.0%€5.80€4.55€4.6117
Sep ’24€4.78
€5.26
+10.2%
6.1%€5.80€4.55€4.4817
Aug ’24€4.77
€5.26
+10.3%
6.1%€5.80€4.60€4.3517
Jul ’24€4.79
€5.25
+9.8%
6.1%€5.80€4.60€4.1817
Jun ’24€4.89
€5.24
+7.2%
5.8%€5.60€4.60€4.3517
May ’24€5.05
€5.22
+3.4%
5.7%€5.60€4.60€4.3217
Apr ’24€4.89
€5.19
+6.1%
6.3%€5.60€4.55€4.3817
Mar ’24€4.64
€5.18
+11.7%
6.2%€5.50€4.55€4.3716
Feb ’24€4.71
€5.12
+8.7%
6.4%€5.50€4.55€4.5116
Jan ’24€4.59
€5.05
+9.9%
6.8%€5.50€4.25€4.6616
Dec ’23€4.95
€5.00
+1.1%
7.5%€5.50€4.25€4.6517
Nov ’23€4.50
€4.98
+10.6%
8.1%€5.50€4.25€4.3716

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


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