Saipem Valuation

Is SAPM.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SAPM.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SAPM.F ($2.11) is trading below our estimate of fair value ($2.22)

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


Key Valuation Metric

Which metric is best to use when looking at relative valuation for SAPM.F?

Other financial metrics that can be useful for relative valuation.

SAPM.F key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.4x
Enterprise Value/EBITDA5.1x
PEG Ratio0.8x

Price to Earnings Ratio vs Peers

How does SAPM.F's PE Ratio compare to its peers?

The above table shows the PE ratio for SAPM.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.4x
NOV NOV
7.2x-3.2%US$7.1b
CHX ChampionX
16.6x6.9%US$6.0b
TDW Tidewater
41.8x51.6%US$5.4b
LBRT Liberty Energy
8.1x-5.5%US$3.8b
SAPM.F Saipem
17.3x22.4%US$4.2b

Price-To-Earnings vs Peers: SAPM.F is good value based on its Price-To-Earnings Ratio (17.3x) compared to the peer average (18.1x).


Price to Earnings Ratio vs Industry

How does SAPM.F's PE Ratio compare vs other companies in the US Energy Services Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a21.3%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a21.3%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: SAPM.F is expensive based on its Price-To-Earnings Ratio (17.3x) compared to the US Energy Services industry average (14.3x).


Price to Earnings Ratio vs Fair Ratio

What is SAPM.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SAPM.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SAPM.F's Price-To-Earnings Fair Ratio for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SAPM.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$2.11
US$2.95
+39.7%
14.3%US$3.44US$2.15n/a18
Jun ’25US$2.46
US$2.93
+19.1%
14.3%US$3.42US$2.14n/a18
May ’25US$2.28
US$2.93
+28.5%
14.3%US$3.42US$2.14n/a18
Apr ’25US$2.50
US$2.79
+11.6%
16.4%US$3.37US$1.77n/a17
Mar ’25n/a
US$2.52
0%
15.0%US$3.25US$1.79n/a17
Feb ’25US$1.60
US$2.42
+51.4%
17.6%US$3.26US$1.52n/a16
Jan ’25n/a
US$2.45
0%
17.3%US$3.28US$1.53n/a16
Dec ’24US$1.60
US$2.45
+52.9%
17.3%US$3.28US$1.53n/a16
Nov ’24n/a
US$2.36
0%
17.2%US$3.17US$1.48n/a16
Oct ’24n/a
US$2.29
0%
18.1%US$3.10US$1.50n/a13
Sep ’24US$1.67
US$2.31
+38.1%
19.0%US$3.12US$1.51n/a12
Aug ’24US$1.70
US$2.18
+28.5%
19.5%US$2.82US$1.35n/a14
Jul ’24US$1.34
US$2.09
+55.8%
18.7%US$2.70US$1.33n/a13
Jun ’24n/a
US$2.09
0%
18.7%US$2.70US$1.33US$2.4613
May ’24US$1.51
US$2.14
+41.8%
18.0%US$2.76US$1.36US$2.2814
Apr ’24US$1.40
US$1.95
+39.1%
16.9%US$2.37US$1.32US$2.5014
Mar ’24US$1.65
US$2.16
+31.1%
45.8%US$5.54US$1.31n/a14
Feb ’24US$1.50
US$2.06
+37.1%
51.0%US$5.66US$1.34US$1.6014
Jan ’24US$1.30
US$1.74
+34.0%
63.7%US$5.47US$0.74n/a14
Dec ’23US$1.01
US$1.74
+72.4%
63.7%US$5.47US$0.74US$1.6014
Nov ’23n/a
US$5.11
0%
219.4%US$40.33US$0.70n/a11
Oct ’23n/a
US$5.45
0%
202.6%US$39.88US$0.69n/a11
Sep ’23n/a
US$6.13
0%
193.6%US$41.23US$0.81US$1.6710
Aug ’23n/a
US$6.13
0%
193.6%US$41.23US$0.81US$1.7010
Jul ’23US$2.75
US$27.44
+897.8%
84.4%US$65.79US$1.44US$1.3410
Jun ’23US$60.00
US$56.38
-6.0%
38.6%US$105.05US$20.24n/a12

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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