Company Valuation: Saipem SpA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,826 2,250 2,933 4,911 4,746 8,522 - -
Change - 23.22% 30.38% 67.43% -3.35% 79.54% - -
Enterprise Value (EV) 1 3,367 2,514 3,194 4,888 5,244 8,011 7,661 6,980
Change - -25.34% 27.07% 53.03% 7.3% 52.74% -4.36% -8.9%
P/E -0.76x -10.8x 16.4x 16.4x 15.6x 31.1x 14.4x 12.8x
PBR 5.72x 1.09x 1.23x 1.98x 1.84x 3.43x 3.1x 2.82x
PEG - 0.1x -0x 0.2x 11.96x -3.47x 0x 1x
Capitalization / Revenue 0.27x 0.23x 0.25x 0.34x 0.31x 0.55x 0.53x 0.54x
EV / Revenue 0.49x 0.25x 0.27x 0.34x 0.34x 0.51x 0.48x 0.44x
EV / EBITDA -2.82x 4.22x 3.45x 3.68x 3.06x 4.52x 3.68x 3.27x
EV / EBIT -1.97x 16.8x 7.31x 8.07x 7.72x 11.6x 7.29x 6.1x
EV / FCF -17.4x -4.8x 12.9x 6.46x 4.23x 6.06x 6.03x 5.25x
FCF Yield -5.73% -20.8% 7.76% 15.5% 23.7% 16.5% 16.6% 19%
Dividend per Share 2 - - - - 0.17 0.165 0.1713 0.184
Rate of return - - - - 7.01% 3.76% 3.9% 4.19%
EPS 2 -116.2 -0.1047 0.0897 0.1533 0.1553 0.1414 0.3044 0.3427
Distribution rate - - - - 109% 117% 56.3% 53.7%
Net sales 1 6,875 9,980 11,874 14,549 15,497 15,627 16,027 15,816
EBITDA 1 -1,192 595 926 1,329 1,716 1,773 2,079 2,132
EBIT 1 -1,713 150 437 606 679 689.3 1,050 1,144
Net income 1 -2,467 -209 179 306 310 277.7 604.1 675.7
Net Debt 1 1,541 264 261 -23 498 -511.2 -860.3 -1,542
Reference price 2 87.857 1.128 1.470 2.509 2.425 4.392 4.392 4.392
Nbr of stocks (in thousands) 20,779 1,995,110 1,995,144 1,957,188 1,957,283 1,940,283 - -
Announcement Date 24/02/22 28/02/23 28/02/24 25/02/25 25/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
23.09x2.33x10.78x2.17% 78.75B
19.68x2.35x13.28x1.67% 55.45B
15.37x2.12x9.24x4.83% 29.32B
15.07x1.5x8.43x1.96% 29.09B
22.62x2.48x12.25x0.29% 27.41B
27.29x4.47x17.31x1.09% 14.03B
13.05x1.24x5.21x3.77% 10.09B
31.07x0.51x4.52x3.76% 9.54B
22.18x0.83x7.23x2.03% 7.04B
Average 21.05x 1.98x 9.80x 2.39% 28.97B
Weighted average by Cap. 20.66x 2.20x 10.84x 2.2%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Saipem SpA

Historical PBR trend

Valuation ratios - PBR - Saipem SpA

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Saipem SpA

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Saipem SpA


Year-on-year evolution of the Yield

Valuation ratios - Yield - Saipem SpA