Saipem Balance Sheet Health

Financial Health criteria checks 4/6

Saipem has a total shareholder equity of €2.4B and total debt of €0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are €4.5B and €2.1B respectively. Saipem's EBIT is €488.0M making its interest coverage ratio 5.1. It has cash and short-term investments of €284.0M.

Key information

Debt to equity ratio

€0

Debt

Interest coverage ratio	5.1x
Cash	€284.00m
Equity	€2.38b
Total liabilities	€2.12b
Total assets	€4.50b

Recent financial health updates

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

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

Mar 01

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

Feb 27

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

Feb 05

Investors Holding Back On Saipem SpA (BIT:SPM)

Dec 25

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

Nov 04

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

Sep 26

Is Saipem (BIT:SPM) A Risky Investment?

Aug 14

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

Jul 12

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

Apr 19

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

Mar 06

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

Jan 17

Is Saipem (BIT:SPM) Using Debt Sensibly?

Feb 15

Financial Position Analysis

Short Term Liabilities: SPM's short term assets (€284.0M) do not cover its short term liabilities (€1.4B).

Long Term Liabilities: SPM's short term assets (€284.0M) do not cover its long term liabilities (€690.0M).

Debt to Equity History and Analysis

Debt Level: SPM is debt free.

Reducing Debt: SPM has no debt compared to 5 years ago when its debt to equity ratio was 29.6%.

Debt Coverage: SPM has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: SPM has no debt, therefore coverage of interest payments is not a concern.

Saipem Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

Is Saipem (BIT:SPM) A Risky Investment?

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

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

Is Saipem (BIT:SPM) Using Debt Sensibly?

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

Price target decreased to €1.21

Is Saipem (BIT:SPM) Using Debt Sensibly?