Snam S.p.A.

BIT:SRG Stock Report

Market Cap: €20.6b

Snam Balance Sheet Health

Financial Health criteria checks 2/6

Snam has a total shareholder equity of €9.6B and total debt of €18.5B, which brings its debt-to-equity ratio to 193.1%. Its total assets and total liabilities are €29.3B and €19.7B respectively. Snam's EBIT is €1.8B making its interest coverage ratio 5.4. It has cash and short-term investments of €2.0B.

Key information

193.10%

Debt to equity ratio

€18.50b

Debt

Interest coverage ratio5.4x
Cash€2.04b
Equity€9.58b
Total liabilities€19.72b
Total assets€29.30b

Recent financial health updates

Recent updates

Analysis Article May 16

Analyst Estimates: Here's What Brokers Think Of Snam S.p.A. (BIT:SRG) After Its First-Quarter Report

Shareholders might have noticed that Snam S.p.A. ( BIT:SRG ) filed its quarterly result this time last week. The early...
Narrative Update Feb 07

SRG: Lower Discount Rate And Sector View Will Support Fair Valuation

Analysts have lifted their price target on Snam to €5.40 from €5.15, reflecting updated assumptions around discount rates and future P/E, while keeping their fair value estimate and core operating forecasts unchanged. Analyst Commentary Analysts lifting the price target to €5.40 while keeping core forecasts steady signals that the change is mainly tied to updated valuation inputs rather than a shift in the underlying earnings view.
Analysis Article Feb 05

Here's Why We Think Snam (BIT:SRG) Might Deserve Your Attention Today

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Narrative Update Jan 24

SRG: Dividend Policy And Sector Rating Will Support Fairly Valued Shares

Analysts have nudged their fair value estimate for Snam slightly higher to €5.69 from €5.65, in line with a recent Street price target increase on the shares to €5.40, which reflects updated assumptions on discount rate, revenue growth, profit margins and future P/E. Analyst Commentary Bullish Takeaways Bullish analysts see the lift in the fair value estimate to €5.69, alongside the Street price target of €5.40, as support for a valuation that they view as aligned with updated assumptions on discount rate, revenue growth, margins and future P/E.
Narrative Update Jan 09

SRG: Dividend Policy And Sector Performance Will Steady Fairly Valued Shares

Narrative Update Opening Analysts have nudged their fair value estimate for Snam slightly higher to €5.65 from €5.61, citing updated price targets, such as the recent move to €5.40, and small refinements to discount rate, margin and future P/E assumptions. Analyst Commentary The recent move in fair value estimates for Snam sits close to the updated price target of €5.40, which signals that analysts see the shares as broadly in line with their current expectations on risk, earnings power and capital efficiency.
Narrative Update Dec 16

SRG: Dividend Stability And Sector Performance Will Guide Fairly Valued Shares Forward

Analysts have nudged their price target on Snam higher to EUR 5.61 from around EUR 5.54, reflecting modestly stronger long term value expectations, despite slightly softer growth and margin assumptions in line with recent sector perform research. Analyst Commentary Recent research highlights a more balanced stance on Snam, with adjustments to price targets reflecting both recognition of the shares' resilience and concerns about relative growth versus peers.
Analysis Article Dec 12

Snam's (BIT:SRG) Dividend Will Be €0.1208

The board of Snam S.p.A. ( BIT:SRG ) has announced that it will pay a dividend of €0.1208 per share on the 21st of...
Analysis Article Dec 03

Slowing Rates Of Return At Snam (BIT:SRG) Leave Little Room For Excitement

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
Narrative Update Dec 01

SRG: Dividend Policy And Sector Performance Will Anchor Returns Amid Uncertain Momentum

Analysts have slightly increased their price target for Snam, raising it from €5.49 to €5.54. They cite continued improvements in fundamentals such as revenue growth and profit margin.
Narrative Update Nov 17

SRG: Future Dividend Increase And Margins Will Balance Slower Revenue Outlook

Analysts have modestly raised their price target for Snam from €5.42 to €5.49. They note expectations of stable profit margins, despite a softer revenue growth outlook.
Analysis Article Nov 15

Snam (BIT:SRG) Is Due To Pay A Dividend Of €0.1208

The board of Snam S.p.A. ( BIT:SRG ) has announced that it will pay a dividend of €0.1208 per share on the 21st of...
Analysis Article Nov 09

Snam S.p.A. (BIT:SRG) Third-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For Next Year

It's been a good week for Snam S.p.A. ( BIT:SRG ) shareholders, because the company has just released its latest...
Analysis Article Oct 26

Here's Why We Think Snam (BIT:SRG) Is Well Worth Watching

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article Oct 10

Here's Why Snam (BIT:SRG) Has A Meaningful Debt Burden

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Sep 25

There's No Escaping Snam S.p.A.'s (BIT:SRG) Muted Earnings

When close to half the companies in Italy have price-to-earnings ratios (or "P/E's") above 18x, you may consider Snam...
Analysis Article Aug 03

Snam S.p.A. (BIT:SRG) Just Released Its Half-Year Earnings: Here's What Analysts Think

Last week saw the newest half-year earnings release from Snam S.p.A. ( BIT:SRG ), an important milestone in the...
Analysis Article Jul 15

Snam's (BIT:SRG) Returns On Capital Not Reflecting Well On The Business

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article Jun 24

Is Snam (BIT:SRG) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
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New Narrative Nov 09

A Dynamic Shift Into Green Energy Solutions Drives Future Growth

Diversifying into hydrogen and carbon capture may drive growth and diversify income through infrastructure development and strategic acquisitions.

Financial Position Analysis

Short Term Liabilities: SRG's short term assets (€289.0M) do not cover its short term liabilities (€1.2B).

Long Term Liabilities: SRG's short term assets (€289.0M) do not cover its long term liabilities (€18.5B).


Debt to Equity History and Analysis

Debt Level: SRG's net debt to equity ratio (171.8%) is considered high.

Reducing Debt: SRG's debt to equity ratio has reduced from 238.8% to 193.1% over the past 5 years.

Debt Coverage: SRG's debt is not well covered by operating cash flow (15%).

Interest Coverage: SRG's interest payments on its debt are well covered by EBIT (5.4x coverage).


Balance Sheet


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/02 23:48
End of Day Share Price 2026/06/02 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.

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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

Snam S.p.A. is covered by 37 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)
Tommaso MarabiniBanca Akros S.p.A. (ESN)
Francesco SalaBanca Akros S.p.A. (ESN)