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Snam

OTCPK:SNMR.F
Snowflake Description

Average dividend payer with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SNMR.F
OTCPK
€15B
Market Cap
  1. Home
  2. US
  3. Energy
Company description

Snam S.p.A., together with its subsidiaries, engages in the implementation and integrated management of natural gas infrastructure in Europe. The last earnings update was 38 days ago. More info.


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SNMR.F Share Price and Events
7 Day Returns
-1.9%
OTCPK:SNMR.F
0.5%
US Oil and Gas
0.8%
US Market
1 Year Returns
8.3%
OTCPK:SNMR.F
-5.8%
US Oil and Gas
5.9%
US Market
SNMR.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Snam (SNMR.F) -1.9% 5.1% - 8.3% - -
US Oil and Gas 0.5% 2.6% 7.7% -5.8% 5.3% -27.4%
US Market 0.8% 2.6% 10.6% 5.9% 37.7% 45.5%
1 Year Return vs Industry and Market
  • SNMR.F outperformed the Oil and Gas industry which returned -5.8% over the past year.
  • SNMR.F outperformed the Market in United States of America which returned 5.9% over the past year.
Price Volatility
SNMR.F
Industry
5yr Volatility vs Market

SNMR.F Value

 Is Snam undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Snam to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Snam.

OTCPK:SNMR.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 18 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 15.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:SNMR.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 9%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.932 (1 + (1- 24%) (91.62%))
1.389
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.39
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.389 * 9.02%)
15.26%

Discounted Cash Flow Calculation for OTCPK:SNMR.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Snam is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:SNMR.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 15.26%)
2019 586.82 Analyst x10 509.12
2020 619.78 Analyst x11 466.53
2021 612.74 Analyst x8 400.16
2022 722.60 Analyst x5 409.43
2023 1,138.00 Analyst x1 559.43
2024 1,318.91 Est @ 15.9% 562.53
2025 1,476.47 Est @ 11.95% 546.36
2026 1,612.04 Est @ 9.18% 517.54
2027 1,728.85 Est @ 7.25% 481.56
2028 1,830.70 Est @ 5.89% 442.42
Present value of next 10 years cash flows €4,895.09
OTCPK:SNMR.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €1,830.70 × (1 + 2.73%) ÷ (15.26% – 2.73%)
€15,009.45
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €15,009.45 ÷ (1 + 15.26%)10
€3,627.27
OTCPK:SNMR.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €4,895.09 + €3,627.27
€8,522.36
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €8,522.36 / 3,300.84
€2.58
OTCPK:SNMR.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:SNMR.F represents 1.14883x of BIT:SRG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.14883x
Value per Share
(Listing Adjusted, USD)
= Value per Share (EUR) x Listing Adjustment Factor
= € 2.58 x 1.14883
$2.97
Value per share (USD) From above. $2.97
Current discount Discount to share price of $5.11
= -1 x ($5.11 - $2.97) / $2.97
-72.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Snam is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Snam's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Snam's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:SNMR.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.29
BIT:SRG Share Price ** BIT (2019-04-16) in EUR €4.45
United States of America Oil and Gas Industry PE Ratio Median Figure of 107 Publicly-Listed Oil and Gas Companies 12.27x
United States of America Market PE Ratio Median Figure of 3,078 Publicly-Listed Companies 18.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Snam.

OTCPK:SNMR.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:SRG Share Price ÷ EPS (both in EUR)

= 4.45 ÷ 0.29

15.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Snam is overvalued based on earnings compared to the US Oil and Gas industry average.
  • Snam is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Snam's expected growth come at a high price?
Raw Data
OTCPK:SNMR.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.56x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts
4.4%per year
United States of America Oil and Gas Industry PEG Ratio Median Figure of 76 Publicly-Listed Oil and Gas Companies 0.59x
United States of America Market PEG Ratio Median Figure of 2,108 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

OTCPK:SNMR.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.56x ÷ 4.4%

3.5x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Snam is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Snam's assets?
Raw Data
OTCPK:SNMR.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €1.81
BIT:SRG Share Price * BIT (2019-04-16) in EUR €4.45
United States of America Oil and Gas Industry PB Ratio Median Figure of 191 Publicly-Listed Oil and Gas Companies 1.15x
United States of America Market PB Ratio Median Figure of 5,172 Publicly-Listed Companies 1.93x
OTCPK:SNMR.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:SRG Share Price ÷ Book Value per Share (both in EUR)

= 4.45 ÷ 1.81

2.45x

* Primary Listing of Snam.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Snam is overvalued based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess Snam's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Snam has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SNMR.F Future Performance

 How is Snam expected to perform in the next 1 to 3 years based on estimates from 18 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Snam expected to grow at an attractive rate?
  • Snam's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Snam's earnings growth is positive but not above the United States of America market average.
  • Snam's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:SNMR.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:SNMR.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts 4.4%
OTCPK:SNMR.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts 2.6%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 11%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 6.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:SNMR.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:SNMR.F Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 2,950 1,999 1,200 1
2022-12-31 2,896 1,938 1,160 6
2021-12-31 2,783 1,842 1,121 13
2020-12-31 2,708 1,729 1,070 18
2019-12-31 2,658 1,597 1,051 17
OTCPK:SNMR.F Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 2,586 1,826 960
2018-09-30 2,553 1,766 924
2018-06-30 2,535 1,988 916
2018-03-31 2,534 1,718 897
2017-12-31 2,533 1,864 897
2017-09-30 2,328 1,751 725
2017-06-30 2,562 1,828 731
2017-03-31 2,532 1,944 665
2016-12-31 2,501 1,627 591
2016-09-30 1,872 2,074 529
2016-06-30 1,921 2,108 548
2016-03-31 2,173 2,048 651

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Snam's earnings are expected to grow by 4.4% yearly, however this is not considered high growth (20% yearly).
  • Snam's revenue is expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:SNMR.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below

All data from Snam Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SNMR.F Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.36 0.36 0.36 1.00
2022-12-31 0.35 0.36 0.33 4.00
2021-12-31 0.33 0.36 0.31 12.00
2020-12-31 0.32 0.34 0.30 15.00
2019-12-31 0.31 0.32 0.29 19.00
OTCPK:SNMR.F Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.29
2018-09-30 0.27
2018-06-30 0.27
2018-03-31 0.26
2017-12-31 0.26
2017-09-30 0.21
2017-06-30 0.21
2017-03-31 0.19
2016-12-31 0.17
2016-09-30 0.15
2016-06-30 0.16
2016-03-31 0.19

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Snam is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Snam's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Snam has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SNMR.F Past Performance

  How has Snam performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Snam's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Snam's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Snam's 1-year earnings growth exceeds its 5-year average (7% vs -6.3%)
  • Snam's earnings growth has not exceeded the US Oil and Gas industry average in the past year (7% vs 52.9%).
Earnings and Revenue History
Snam's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Snam Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SNMR.F Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,586.00 960.00 204.00
2018-09-30 2,553.00 924.00 186.00
2018-06-30 2,535.00 916.00 186.00
2018-03-31 2,534.00 897.00 186.00
2017-12-31 2,533.00 897.00 188.00
2017-09-30 2,328.00 725.00 104.00
2017-06-30 2,562.00 731.00 193.00
2017-03-31 2,532.00 665.00 184.00
2016-12-31 2,501.00 591.00 184.00
2016-09-30 1,872.00 529.00 251.00
2016-06-30 1,921.00 548.00 251.00
2016-03-31 2,173.00 651.00 84.00
2015-12-31 2,551.00 796.00 171.00
2015-09-30 3,721.00 1,223.00 114.00
2015-06-30 3,747.00 1,249.00 203.00
2015-03-31 3,834.00 1,231.00 375.00
2014-12-31 3,832.00 1,198.00 373.00
2014-09-30 3,842.00 1,106.00 403.00
2014-06-30 3,835.00 1,016.00 406.00
2014-03-31 3,834.00 967.00 397.00
2013-12-31 3,818.00 917.00 406.00
2013-09-30 3,890.00 940.00 358.00
2013-06-30 3,852.00 733.00 354.00
2013-03-31 3,798.00 747.00 362.00
2012-12-31 3,810.00 779.00 361.00
2012-09-30 3,651.00 753.00 356.00
2012-06-30 3,673.00 722.00 353.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Snam has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Snam used its assets less efficiently than the US Oil and Gas industry average last year based on Return on Assets.
  • Snam has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Snam's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Snam has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SNMR.F Health

 How is Snam's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Snam's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Snam's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Snam's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Snam's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Snam Company Filings, last reported 3 months ago.

OTCPK:SNMR.F Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5,985.00 13,452.00 1,872.00
2018-09-30 6,255.00 13,725.00 1,986.00
2018-06-30 6,096.00 12,782.00 1,343.00
2018-03-31 6,317.00 12,586.00 1,146.00
2017-12-31 6,188.00 12,628.00 719.00
2017-09-30 6,340.00 11,834.00 328.00
2017-06-30 6,100.00 11,204.00 28.00
2017-03-31 6,552.00 10,744.00 50.00
2016-12-31 6,497.00 11,090.00 36.00
2016-09-30 7,505.00 14,043.00 24.00
2016-06-30 7,250.00 14,198.00 25.00
2016-03-31 7,866.00 13,566.00 23.00
2015-12-31 7,586.00 13,796.00 18.00
2015-09-30 7,229.00 13,737.00 28.00
2015-06-30 6,953.00 14,181.00 24.00
2015-03-31 7,534.00 13,462.00 74.00
2014-12-31 7,172.00 13,942.00 75.00
2014-09-30 6,362.00 13,768.00 34.00
2014-06-30 6,056.00 13,732.00 2.00
2014-03-31 6,290.00 13,122.00 2.00
2013-12-31 5,994.00 13,328.00 2.00
2013-09-30 5,743.00 12,880.00 3.00
2013-06-30 5,866.00 12,564.00 4.00
2013-03-31 5,645.00 12,141.00 3.00
2012-12-31 5,916.00 12,554.00 15.00
2012-09-30 5,665.00 12,455.00 8.00
2012-06-30 5,795.00 12,074.00 16.00
  • Snam's level of debt (224.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (222.2% vs 224.8% today).
  • Debt is not well covered by operating cash flow (13.6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.2x coverage).
X
Financial health checks
We assess Snam's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Snam has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SNMR.F Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.09%
Current annual income from Snam dividends. Estimated to be 5.67% next year.
If you bought $2,000 of Snam shares you are expected to receive $102 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Snam's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Snam's dividend is above the markets top 25% of dividend payers in United States of America (3.63%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:SNMR.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 65 Stocks 3.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:SNMR.F Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.28 1.00
2022-12-31 0.27 6.00
2021-12-31 0.26 15.00
2020-12-31 0.25 19.00
2019-12-31 0.24 18.00
OTCPK:SNMR.F Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-02 0.226 4.965
2018-11-07 0.220 5.342
2018-03-14 0.216 5.851
2017-11-07 0.172 4.328
2017-07-28 0.172 4.161
2017-03-20 0.210 5.188
2017-03-07 0.210 5.437
2016-03-17 0.250 5.542
2015-04-07 0.250 5.377
2015-03-12 0.250 5.502
2014-03-24 0.250 5.863
2014-02-28 0.250 6.076
2013-02-28 0.250 6.709
2012-07-31 0.240 6.941
2012-02-14 0.240 6.952
2011-07-27 0.240 6.993
2011-03-22 0.230 5.655
2011-02-10 0.230 5.902
2010-02-10 0.200 5.511
2010-01-04 0.200 5.859
2009-07-29 0.200 6.096
2009-04-20 0.230 7.314

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Snam's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Snam's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Snam afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Snam has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SNMR.F Management

 What is the CEO of Snam's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Marco Alverà
AGE 43
TENURE AS CEO 3 years
CEO Bio

Mr. Marco Alverà serves as the Chief Executive Officer of Snam S.p.A. He served as Chairman at Snam Rete Gas S.p.A. until November 2017. Mr. Alverà served as Chief Industrial Assets Officer at Snam S.p.A. until January 2018. Prior to joining Snam in 2016, Mr. Alverà held a number of senior leadership positions at Eni S.p.A. (“Eni”), among them, Head of Eni’s commodities trading and shipping business. He has participated in the upstream, midstream and downstream aspects of the oil and gas industry. Prior to Eni, he served as Head of Group Strategy at Enel. He also served as Chief Financial Officer of Wind Telecomunicazioni S.p.A. and co-founded Netesi, Italy’s first broadband ADSL Company. He started his career at Goldman Sachs. He also sits on the board of the Cini Foundation in Venice. He has been a Director of S&P Global Inc. since March 10, 2017. He previously served on the board of Gazprom Neft, a Russian integrated oil company. Mr. Alverà is also a frequent speaker and lecturer on business, sustainability and the energy transition.

CEO Compensation
  • Insufficient data for Marco to compare compensation growth.
  • Insufficient data for Marco to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Snam management team in years:

2.5
Average Tenure
47.5
Average Age
  • The tenure for the Snam management team is about average.
Management Team

Marco Alverà

TITLE
CEO & Director
AGE
43
TENURE
3 yrs

Alessandra Pasini

TITLE
Chief Financial Officer
AGE
45
TENURE
2.4 yrs

Cosma Panzacchi

TITLE
Executive Vice President for Digital Transformation & Technology
AGE
40
TENURE
1.3 yrs

Franco Pruzzi

TITLE
Head of Administration & Finance
AGE
54
TENURE
2.6 yrs

Camilla Palladino

TITLE
Executive Vice President of Corporate Strategy & Investor Relations
AGE
40
TENURE
2.4 yrs

Marco Reggiani

TITLE
General Counsel & Secretary
TENURE
2.4 yrs

Patrizia Rutigliano

TITLE
Executive Vice President of Government Affairs
AGE
50
TENURE
10.3 yrs

Paola Boromei

TITLE
Executive Vice President of Human Resources & Organization
TENURE
2.1 yrs

Paolo Mosa

TITLE
Chief Commercial
AGE
58
TENURE
3.3 yrs

Gaetano Mazzitelli

TITLE
Executive Vice President of Regulatory Affairs
AGE
50
TENURE
7.3 yrs
Board of Directors Tenure

Average tenure and age of the Snam board of directors in years:

3
Average Tenure
52
Average Age
  • The tenure for the Snam board of directors is about average.
Board of Directors

Luca Fabbro

TITLE
Chairman of the Board
AGE
52

Marco Alverà

TITLE
CEO & Director
AGE
43
TENURE
3 yrs

Antonio Paccioretti

TITLE
Chairman of Stogit

Marco Galletti

TITLE
Chairman of Gnl Italia and Chief Executive Officer of Gnl Italia

Biagio Cafarelli

TITLE
Chairman of TEP Energy Solution
TENURE
0.7 yrs

Francesco Gori

TITLE
Independent Director
COMPENSATION
€70K
AGE
66
TENURE
3 yrs

Stefano Gnocchi

TITLE
Chairman of Statutory Auditors
AGE
44

Yunpeng He

TITLE
Non-Executive Director
COMPENSATION
€37K
AGE
53
TENURE
4.3 yrs

Alessandro Tonetti

TITLE
Non-Executive Director
AGE
41
TENURE
3 yrs

Laura Cavatorta

TITLE
Director
AGE
54
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Snam's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Snam has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SNMR.F News

Simply Wall St News

SNMR.F Company Info

Description

Snam S.p.A., together with its subsidiaries, engages in the implementation and integrated management of natural gas infrastructure in Europe. It operates through Natural Gas Transportation, Regasification of Liquefied Natural Gas (LNG), and Natural Gas Storage segments. The company provides natural gas transportation and dispatching services with 32,625 kilometers of high-and medium-pressure gas pipelines; and owns and manages LNG regasification plants. It also offers natural gas storage services through an integrated infrastructure comprising deposits, wells, gas treatment plants, compression stations, and the operational dispatching system; and operates nine storage concessions, including five in Lombardy, three in Emilia-Romagna, and one in Abruzzo. Further, it engages in the leasing and maintenance of optic-fiber telecommunication cables. The company was formerly known as Snam Rete Gas S.p.A. and changed its name to Snam S.p.A. in January 2012. Snam S.p.A. was founded in 1941 and is headquartered in San Donato Milanese, Italy.

Details
Name: Snam S.p.A.
SNMR.F
Exchange: OTCPK
Founded: 1941
€16,504,204,580
3,300,840,916
Website: http://www.snam.it
Address: Snam S.p.A.
Piazza Santa Barbara, 7,
San Donato Milanese,
Milan, 20097,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT SRG Ordinary Shares Borsa Italiana IT EUR 06. Dec 2001
OTCPK SNMR.F Ordinary Shares Pink Sheets LLC US USD 06. Dec 2001
DB SNM Ordinary Shares Deutsche Boerse AG DE EUR 06. Dec 2001
LSE 0NQP Ordinary Shares London Stock Exchange GB EUR 06. Dec 2001
WBAG SRG Ordinary Shares Wiener Boerse AG AT EUR 06. Dec 2001
BATS-CHIXE SRGM Ordinary Shares BATS 'Chi-X Europe' GB EUR 06. Dec 2001
OTCPK SNMR.Y UNSPONSORD ADR Pink Sheets LLC US USD 27. Oct 2008
Number of employees
Current staff
Staff numbers
2,792
Snam employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 23:47
End of day share price update: 2019/04/16 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/03/11
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.