Saipem Future Growth

Future criteria checks 4/6

Saipem is forecast to grow earnings and revenue by 22.8% and 3.5% per annum respectively. EPS is expected to grow by 22.3% per annum. Return on equity is forecast to be 20.1% in 3 years.

Key information

22.8%

Earnings growth rate

22.3%

EPS growth rate

Energy Services earnings growth	9.4%
Revenue growth rate	3.5%
Future return on equity	20.1%
Analyst coverage	Good
Last updated	11 May 2024

Recent future growth updates

Saipem SpA (BIT:SPM) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Apr 25

Saipem SpA Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Mar 02

Recent updates

Saipem SpA (BIT:SPM) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Apr 25

Saipem SpA Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Mar 02

Earnings and Revenue Growth Forecasts

BIT:SPM - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	13,904	601	674	1,038	14
12/31/2025	13,604	509	504	904	16
12/31/2024	13,024	343	336	835	16
3/31/2024	12,346	242	207	704	N/A
12/31/2023	11,881	185	104	586	N/A
9/30/2023	11,307	-74	-238	307	N/A
6/30/2023	11,143	-152	-407	169	N/A
3/31/2023	10,745	-222	-834	-271	N/A
12/31/2022	9,987	-315	-1,000	-477	N/A
9/30/2022	9,098	-1,555	-601	-291	N/A
6/30/2022	7,677	-1,790	-637	-428	N/A
3/31/2022	7,199	-2,445	-190	86	N/A
12/31/2021	6,528	-2,406	-156	90	N/A
9/30/2021	7,017	-1,241	N/A	N/A	N/A
6/30/2021	6,767	-990	23	273	N/A
3/31/2021	6,844	-987	-274	56	N/A
12/31/2020	7,399	-1,136	-199	123	N/A
9/30/2020	7,743	-1,048	182	531	N/A
6/30/2020	8,255	-887	306	702	N/A
3/31/2020	9,127	-278	741	1,062	N/A
12/31/2019	9,099	12	921	1,257	N/A
9/30/2019	9,234	-71	586	935	N/A
6/30/2019	9,252	-135	535	842	N/A
3/31/2019	8,777	-449	185	712	N/A
12/31/2018	8,536	-472	226	711	N/A
9/30/2018	8,181	-628	137	566	N/A
6/30/2018	8,222	-541	256	684	N/A
3/31/2018	8,665	-377	473	684	N/A
12/31/2017	9,012	-328	N/A	459	N/A
9/30/2017	8,997	-219	N/A	700	N/A
6/30/2017	9,324	-2,250	N/A	854	N/A
3/31/2017	9,429	-2,101	N/A	938	N/A
12/31/2016	10,006	-2,087	N/A	978	N/A
9/30/2016	10,955	-1,865	N/A	1,085	N/A
6/30/2016	11,416	167	N/A	532	N/A
3/31/2016	11,335	-822	N/A	44	N/A
12/31/2015	11,515	-806	N/A	-507	N/A
9/30/2015	11,856	-1,308	N/A	-41	N/A
6/30/2015	12,294	-1,286	N/A	296	N/A
3/31/2015	13,013	-214	N/A	1,208	N/A
12/31/2014	12,886	-230	N/A	1,198	N/A
9/30/2014	12,639	282	N/A	477	N/A
6/30/2014	12,572	307	N/A	3	N/A
3/31/2014	11,654	-208	N/A	-4	N/A
12/31/2013	11,852	-159	N/A	452	N/A
9/30/2013	11,866	-294	N/A	558	N/A
6/30/2013	11,973	-145	N/A	580	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SPM's forecast earnings growth (22.8% per year) is above the savings rate (2.3%).

Earnings vs Market: SPM's earnings (22.8% per year) are forecast to grow faster than the Italian market (5.1% per year).

High Growth Earnings: SPM's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SPM's revenue (3.5% per year) is forecast to grow slower than the Italian market (3.7% per year).

High Growth Revenue: SPM's revenue (3.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SPM's Return on Equity is forecast to be high in 3 years time (20.1%)

Saipem Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Saipem SpA (BIT:SPM) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Consensus EPS estimates increase by 13%

Price target increased by 9.3% to €2.42

Saipem SpA Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Forecast breakeven date pushed back to 2024

Price target decreased by 12% to €1.80

Recent updates

Saipem SpA (BIT:SPM) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Now 21% overvalued after recent price rise

New major risk - Share price stability

Consensus EPS estimates increase by 13%

Investor sentiment improves as stock rises 33%

Price target increased by 9.3% to €2.42

Saipem SpA Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Full year 2023 earnings: Revenues exceed analyst expectations

Saipem SpA (BIT:SPM) Soars 27% But It's A Story Of Risk Vs Reward

Is There An Opportunity With Saipem SpA's (BIT:SPM) 20% Undervaluation?

Saipem (BIT:SPM) Could Be Struggling To Allocate Capital

New minor risk - Share price stability

Saipem SpA (BIT:SPM) commences an Equity Buyback Plan for 37,000,000 shares, representing 1.85% for €59.3 million, under the authorization approved on May 3, 2023.

Saipem SpA to Report Fiscal Year 2023 Results on Feb 28, 2024

Investors Holding Back On Saipem SpA (BIT:SPM)

BW Energy Limited (OB:BWE) acquired FPSO Cidade de Vitoria from Saipem SpA (BIT:SPM).

BW Energy Limited (OB:BWE) acquired FPSO Cidade de Vitoria from Saipem SpA (BIT:SPM).

Now 23% undervalued after recent price drop

There Are Reasons To Feel Uneasy About Saipem's (BIT:SPM) Returns On Capital

New minor risk - Financial position

Now 23% undervalued after recent price drop

Estimating The Fair Value Of Saipem SpA (BIT:SPM)

Is Saipem (BIT:SPM) A Risky Investment?

New minor risk - Financial position

Second quarter 2023 earnings: Revenues exceed analyst expectations

Companies Like Saipem (BIT:SPM) Are In A Position To Invest In Growth

Calculating The Fair Value Of Saipem SpA (BIT:SPM)

Forecast breakeven date pushed back to 2024

Price target decreased by 12% to €1.80

Now 22% undervalued

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

Forecast to breakeven in 2023

Price target increased by 7.6% to €2.04

Consensus EPS estimates fall by 16%, revenue upgraded

Now 20% undervalued

Price target increased by 11% to €1.89

Is Saipem SpA (BIT:SPM) Trading At A 37% Discount?

Saipem SpA, Annual General Meeting, May 03, 2023

Saipem SpA to Report Fiscal Year 2022 Final Results on Mar 14, 2023

Price target increased to €1.64

Price target decreased to €1.53

High number of new and inexperienced directors

Saipem S.p.A. Appoints Davide Manunta as Non-Executive and Non-Independent Director, Member of the Sustainability, Scenarios and Governance Committee

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Price target decreased to €5.07

Consensus estimates of losses per share improve by 13%

Consensus forecasts updated

Clough Reportedly for Sale

Price target increased to €10.66

Saipem S.p.A. Announces Executive Changes

Saipem Spa Announces Resignation of Mr. Pier Francesco Ragni as Non-Executive and Non-Independent Member of the Board and Member of Sustainability, Scenarios and Governance Committee

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Consensus forecasts updated

Saipem SpA has completed a Follow-on Equity Offering in the amount of €1.395245 billion.

Consensus forecasts updated

Price target decreased to €48.26

Consensus forecasts updated

First quarter 2022 earnings: Revenues miss analyst expectations

Kca Deutag Limited agreed to acquire Onshore drilling business of Saipem from Saipem SpA for $550 million.

Consensus forecasts updated

KCA Deutag Drilling Limited signed a binding agreement to acquire Drilling Onshore Business from Saipem SpA (BIT:SPM).

Saipem SpA Appoints Paolo Calcagnini as Chief Financial Officer

Consensus forecasts updated

Price target decreased to €4.28

Consensus forecasts updated

High number of new and inexperienced directors

Consensus forecasts updated

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind