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Saipem SpABIT:SPM Stock Report

Market Cap €8.4b
Share Price
€4.30
€3.54
21.6% overvalued intrinsic discount
1Y92.9%
7D-7.3%
Portfolio Value
View

Saipem SpA

BIT:SPM Stock Report

Market Cap: €8.4b

Saipem (SPM) Stock Overview

Provides energy and infrastructure solutions worldwide. More details

SPM fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance2/6
Financial Health4/6
Dividends2/6

SPM Community Fair Values

Create Narrative

See what 43 others think this stock is worth. Follow their fair value or set your own to get alerts.

Saipem SpA Competitors

Price History & Performance

Summary of share price highs, lows and changes for Saipem
Historical stock prices
Current Share Price€4.30
52 Week High€4.80
52 Week Low€2.00
Beta1.59
1 Month Change4.14%
3 Month Change33.29%
1 Year Change92.92%
3 Year Change237.44%
5 Year Change-95.68%
Change since IPO-99.14%

Recent News & Updates

Analysis Article May 04

Saipem's (BIT:SPM) Soft Earnings Are Actually Better Than They Appear

Saipem SpA's ( BIT:SPM ) stock was strong despite it releasing a soft earnings report last week. We think that...

Recent updates

Analysis Article May 04

Saipem's (BIT:SPM) Soft Earnings Are Actually Better Than They Appear

Saipem SpA's ( BIT:SPM ) stock was strong despite it releasing a soft earnings report last week. We think that...
Narrative Update Feb 10

SPM: Higher Fair Value Will Still Face Execution And Earnings Visibility Risk

Analysts have lifted their fair value estimate for Saipem from €2.39 to €2.49, reflecting updated assumptions on discount rates, margins and future P/E, even as recent research includes both a higher Street price target and at least one downgrade in stance. Analyst Commentary Street research around Saipem has turned more mixed, with one major bank adjusting its price target upward while at least one bearish analyst has shifted to a more cautious stance on the shares.
Narrative Update Jan 27

SPM: Slightly Higher Fair Value Will Still Highlight Execution Risk

Analysts have raised their price target for Saipem slightly, from €2.37 to about €2.39 per share. This reflects updated assumptions around discount rate, revenue growth, profit margin and future P/E multiples.
Narrative Update Jan 12

SPM: Cautious Outlook Will Highlight Execution Risks And Limited Multiple Rerating Potential

Analysts have lowered their price target on Saipem to €2.75 from €2.83, citing updated assumptions on discount rates, revenue growth, profit margins and future P/E as the basis for the revised view. Analyst Commentary JPMorgan's revised €2.75 price target, down from €2.83, signals that even supportive coverage is building in more conservative assumptions on discount rates, revenue growth, margins and future P/E for Saipem.
Narrative Update Dec 26

SPM: Mixed Street Views Will Highlight Execution Risks Amid Balanced Outlook

Saipem's analyst price target has been nudged higher to EUR 2.37 from EUR 2.35 as analysts factor in slightly stronger long term profitability and a marginally lower discount rate, despite mixed short term target revisions on the Street. Analyst Commentary Recent Street research reflects a more nuanced stance on Saipem, with select bearish analysts trimming price targets even as others remain constructive on the stock’s long term prospects.
Narrative Update Dec 12

SPM Will Face Mixed Views As Project Execution Shapes Market Expectations

Analysts have nudged Saipem's fair value slightly lower, trimming the price target by EUR 0.01 as they factor in a reduced discount rate along with slightly weaker revenue growth and profit margin expectations. Analyst Commentary Recent Street research on Saipem reflects a mixed backdrop, with some major houses trimming their fair value assumptions even as others nudge targets higher.
Analysis Article Nov 01

We Think Saipem's (BIT:SPM) Healthy Earnings Might Be Conservative

Saipem SpA's ( BIT:SPM ) solid earnings announcement recently didn't do much to the stock price. Our analysis suggests...
Analysis Article Sep 08

Here's Why Saipem (BIT:SPM) Can Manage Its Debt Responsibly

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Aug 18

Saipem SpA (BIT:SPM) Doing What It Can To Lift Shares

BIT:SPM 1 Year Share Price vs Fair Value Explore Saipem's Fair Values from the Community and select yours When close to...
Analysis Article Jul 28

Saipem SpA Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Saipem SpA ( BIT:SPM ) shareholders are probably feeling a little disappointed, since its shares fell 3.9% to €2.31 in...
User avatar
New Narrative Dec 11

Natural Gas Projects And Fleet Utilization Will Boost Revenue Growth And Enhance Margins

High order intake and backlog in offshore E&C ensure future revenue growth, supporting upgraded guidance and consistent revenue streams.

Shareholder Returns

SPMIT Energy ServicesIT Market
7D-7.3%-5.8%1.6%
1Y92.9%64.8%20.1%

Return vs Industry: SPM exceeded the Italian Energy Services industry which returned 64.8% over the past year.

Return vs Market: SPM exceeded the Italian Market which returned 20.1% over the past year.

Price Volatility

Is SPM's price volatile compared to industry and market?
SPM volatility
SPM Average Weekly Movement5.6%
Energy Services Industry Average Movement5.2%
Market Average Movement5.2%
10% most volatile stocks in IT Market8.2%
10% least volatile stocks in IT Market3.1%

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

Volatility Over Time: SPM's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
195730,000Alessandro Pulitiwww.saipem.com

Saipem SpA provides energy and infrastructure solutions worldwide. It operates through Asset Based Services, Offshore Drilling, and Energy Carriers segments. The company offers development of subsea fields and pipelaying; installation and lifting of offshore structures; engages in engineering, implementation, installation, maintenance, modification, and decommissioning activities, as well as offshore engineering and construction, and wind activities.

Saipem SpA Fundamentals Summary

How do Saipem's earnings and revenue compare to its market cap?
SPM fundamental statistics
Market cap€8.35b
Earnings (TTM)€312.00m
Revenue (TTM)€15.51b
26.8x
P/E Ratio
0.5x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SPM income statement (TTM)
Revenue€15.51b
Cost of Revenue€10.46b
Gross Profit€5.05b
Other Expenses€4.74b
Earnings€312.00m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Jul 27, 2026

Earnings per share (EPS)0.16
Gross Margin32.58%
Net Profit Margin2.01%
Debt/Equity Ratio0%

How did SPM perform over the long term?

See historical performance and comparison

Dividends

3.9%
Current Dividend Yield
107%
Payout Ratio

Does SPM pay a reliable dividends?

See SPM dividend history and benchmarks
When do you need to buy SPM by to receive an upcoming dividend?
Saipem dividend dates
Ex Dividend DateMay 18 2026
Dividend Pay DateMay 20 2026
Days until Ex dividend6 days
Days until Dividend pay date8 days

Does SPM pay a reliable dividends?

See SPM dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/11 15:13
End of Day Share Price 2026/05/08 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

Saipem SpA is covered by 44 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)
Francesco SalaBanca Akros S.p.A. (ESN)
Francesco TaddeiBanca Akros S.p.A. (ESN)