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SRS

Saras BIT:SRS Stock Report

Last Price

€1.16

Market Cap

€1.1b

7D

17.9%

1Y

70.5%

Updated

22 May, 2022

Data

Company Financials +
SRS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health2/6
Dividends0/6

SRS Stock Overview

Saras S.p.A. engages in the oil refinery business in Italy and internationally.

Saras Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Saras
Historical stock prices
Current Share Price€1.16
52 Week High€1.26
52 Week Low€0.48
Beta0.70
1 Month Change26.50%
3 Month Change112.79%
1 Year Change70.49%
3 Year Change-11.64%
5 Year Change-42.81%
Change since IPO-77.67%

Recent News & Updates

May 19
Brokers Are Upgrading Their Views On Saras S.p.A. (BIT:SRS) With These New Forecasts

Brokers Are Upgrading Their Views On Saras S.p.A. (BIT:SRS) With These New Forecasts

Saras S.p.A. ( BIT:SRS ) shareholders will have a reason to smile today, with the analysts making substantial upgrades...

Apr 29
Saras (BIT:SRS) Has A Somewhat Strained Balance Sheet

Saras (BIT:SRS) Has A Somewhat Strained Balance Sheet

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

SRSIT Oil and GasIT Market
7D17.9%2.4%0.7%
1Y70.5%15.7%-5.5%

Return vs Industry: SRS exceeded the Italian Oil and Gas industry which returned 15.7% over the past year.

Return vs Market: SRS exceeded the Italian Market which returned -5.5% over the past year.

Price Volatility

Is SRS's price volatile compared to industry and market?
SRS volatility
SRS Average Weekly Movement10.0%
Oil and Gas Industry Average Movement9.0%
Market Average Movement6.3%
10% most volatile stocks in IT Market8.6%
10% least volatile stocks in IT Market3.9%

Stable Share Price: SRS is more volatile than 90% of Italian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: SRS's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of Italian stocks.

About the Company

FoundedEmployeesCEOWebsite
19621,572Dario Scaffardihttps://www.saras.it

Saras S.p.A. engages in the oil refinery business in Italy and internationally. The company operates through Industrial & Marketing and Renewables segments. It also sells and distributes oil products, such as diesel, gasoline, diesel fuel for heating, liquefied petroleum gas, virgin naphtha, bunkering, and aviation fuel.

Saras Fundamentals Summary

How do Saras's earnings and revenue compare to its market cap?
SRS fundamental statistics
Market Cap€1.09b
Earnings (TTM)€109.70m
Revenue (TTM)€9.95b

10.0x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SRS income statement (TTM)
Revenue€9.95b
Cost of Revenue€9.40b
Gross Profit€551.16m
Other Expenses€441.46m
Earnings€109.70m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 29, 2022

Earnings per share (EPS)0.12
Gross Margin5.54%
Net Profit Margin1.10%
Debt/Equity Ratio104.1%

How did SRS perform over the long term?

See historical performance and comparison

Valuation

Is Saras undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


18.9%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: SRS (€1.16) is trading below our estimate of fair value (€1.43)

Significantly Below Fair Value: SRS is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: SRS is poor value based on its PE Ratio (10x) compared to the European Oil and Gas industry average (9.1x).

PE vs Market: SRS is good value based on its PE Ratio (10x) compared to the Italian market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: SRS's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: SRS is overvalued based on its PB Ratio (1.3x) compared to the XE Oil and Gas industry average (1x).


Future Growth

How is Saras forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-26.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SRS's earnings are forecast to decline over the next 3 years (-26.3% per year).

Earnings vs Market: SRS's earnings are forecast to decline over the next 3 years (-26.3% per year).

High Growth Earnings: SRS's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SRS's revenue is expected to decline over the next 3 years (-7.1% per year).

High Growth Revenue: SRS's revenue is forecast to decline over the next 3 years (-7.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SRS's Return on Equity is forecast to be low in 3 years time (9.3%).


Past Performance

How has Saras performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-53.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SRS has high quality earnings.

Growing Profit Margin: SRS became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SRS's earnings have declined by 53.1% per year over the past 5 years.

Accelerating Growth: SRS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SRS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (63.8%).


Return on Equity

High ROE: SRS's Return on Equity (12.6%) is considered low.


Financial Health

How is Saras's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SRS's short term assets (€3.0B) do not cover its short term liabilities (€3.1B).

Long Term Liabilities: SRS's short term assets (€3.0B) exceed its long term liabilities (€506.3M).


Debt to Equity History and Analysis

Debt Level: SRS's net debt to equity ratio (64.7%) is considered high.

Reducing Debt: SRS's debt to equity ratio has increased from 28.9% to 104.1% over the past 5 years.

Debt Coverage: SRS's debt is not well covered by operating cash flow (13.9%).

Interest Coverage: SRS's interest payments on its debt are well covered by EBIT (10.7x coverage).


Balance Sheet


Dividend

What is Saras's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.05%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate SRS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SRS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SRS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SRS's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: SRS is not paying a notable dividend for the Italian market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SRS has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure


CEO

Dario Scaffardi (63 yo)

4yrs

Tenure

€1,629,131

Compensation

Mr. Dario Scaffardi has been the Chief Executive Officer of Saras S.p.A. since May 03, 2018 and has been its General Manager since October 2006 . Mr. Scaffardi served as an Executive Vice President of Sara...


CEO Compensation Analysis

Compensation vs Market: Dario's total compensation ($USD1.72M) is above average for companies of similar size in the Italian market ($USD799.03K).

Compensation vs Earnings: Dario's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: SRS's management team is considered experienced (3.6 years average tenure).


Board Members

Experienced Board: SRS's board of directors are considered experienced (7.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Saras S.p.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Saras S.p.A.
  • Ticker: SRS
  • Exchange: BIT
  • Founded: 1962
  • Industry: Oil and Gas Refining and Marketing
  • Sector: Energy
  • Implied Market Cap: €1.093b
  • Shares outstanding: 941.78m
  • Website: https://www.saras.it

Number of Employees


Location

  • Saras S.p.A.
  • Galleria Passarella, 2
  • Milan
  • Milan
  • 20122
  • Italy

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/22 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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 here.