Projected Income Statement: Saipem SpA

Forecast Balance Sheet: Saipem SpA

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 1,541 264 261 -23 498 -289 -712 -1,355
Change - -82.87% -1.14% -108.81% 2,265.22% -158.03% -146.37% -90.31%
Announcement Date 24/02/22 28/02/23 28/02/24 25/02/25 25/02/26 - - -
1EUR in Million
Estimates

Cash Flow Forecast: Saipem SpA

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 298 550 482 337 364 446.6 363.2 357.6
Change - 84.56% -12.36% -30.08% 8.01% 22.7% -18.67% -1.54%
Free Cash Flow (FCF) 1 -193 -524 248 757 1,241 1,067 1,137 1,177
Change - -171.5% 147.33% 205.24% 63.94% -14.01% 6.59% 3.52%
Announcement Date 24/02/22 28/02/23 28/02/24 25/02/25 25/02/26 - - -
1EUR in Million
Estimates

Forecast Financial Ratios: Saipem SpA

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) -17.34% 5.96% 7.8% 9.13% 11.07% 12.5% 13.31% 13.59%
EBIT Margin (%) -24.92% 1.5% 3.68% 4.17% 4.38% 5.55% 6.68% 7.06%
EBT Margin (%) -34.87% -1.62% 2.78% 3.41% 3.34% 4.55% 5.91% 6.46%
Net margin (%) -35.88% -2.09% 1.51% 2.1% 2% 2.96% 3.86% 4.16%
FCF margin (%) -2.81% -5.25% 2.09% 5.2% 8.01% 6.81% 7.18% 7.62%
FCF / Net Income (%) 7.82% 250.72% 138.55% 247.39% 400.32% 230.04% 186.24% 183.3%

Profitability

        
ROA -58.52% -1.75% 2.61% 2.23% 2.14% 3.22% 4.78% 4.23%
ROE -117.82% -17.46% 8.29% 12.44% 12.01% 16.91% 21% 19.85%

Financial Health

        
Leverage (Debt/EBITDA) -1.29x 0.44x 0.28x - 0.29x - - -
Debt / Free cash flow -7.98x -0.5x 1.05x - 0.4x - - -

Capital Intensity

        
CAPEX / Current Assets (%) 4.33% 5.51% 4.06% 2.32% 2.35% 2.85% 2.29% 2.32%
CAPEX / EBITDA (%) -25% 92.44% 52.05% 25.36% 21.21% 22.8% 17.23% 17.04%
CAPEX / FCF (%) -154.4% -104.96% 194.35% 44.52% 29.33% 41.86% 31.94% 30.37%

Items per share

        
Cash flow per share 1 4.238 0.089 0.2936 0.5317 0.7536 0.6819 0.7255 0.7697
Change - -97.9% 229.94% 81.06% 41.74% -9.52% 6.4% 6.09%
Dividend per Share 1 - - - - 0.17 0.1606 0.1709 0.1761
Change - - - - - -5.55% 6.41% 3.08%
Book Value Per Share 1 15.36 1.036 1.2 1.265 1.321 1.426 1.571 1.626
Change - -93.25% 15.79% 5.41% 4.47% 7.9% 10.19% 3.49%
EPS 1 -116.2 -0.1047 0.0897 0.1533 0.1553 0.2247 0.2934 0.3103
Change - 99.91% 185.67% 70.9% 1.3% 44.71% 30.56% 5.75%
Nbr of stocks (in thousands) 20,779 1,995,110 1,995,144 1,957,188 1,957,283 1,940,283 1,940,283 1,940,283
Announcement Date 24/02/22 28/02/23 28/02/24 25/02/25 25/02/26 - - -
1EUR
Estimates
2026 *2027 *
P/E Ratio 21.5x 16.4x
PBR 3.38x 3.07x
EV / Sales 0.58x 0.55x
Yield 3.33% 3.54%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
4.821EUR
Average target price
4.771EUR
Spread / Average Target
-1.03%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. SPM Stock
  4. Financials Saipem SpA
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