Projected Income Statement: Snam S.p.A.

Forecast Balance Sheet: Snam S.p.A.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 14,021 11,923 15,270 16,238 17,509 19,133 20,428 22,005
Change - -14.96% 28.07% 6.34% 7.83% 9.28% 6.77% 7.72%
Announcement Date 17/03/22 16/03/23 14/03/24 10/04/25 05/03/26 - - -
1EUR in Million
Estimates

Cash Flow Forecast: Snam S.p.A.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 1,244 1,322 1,796 2,815 2,709 2,686 2,805 3,095
Change - 6.27% 35.85% 56.74% -3.77% -0.83% 4.43% 10.34%
Free Cash Flow (FCF) 1 94 2,787 -1,730 -1,001 -276 -203.6 -134.1 -568.9
Change - 2,864.89% -162.07% 42.14% 72.43% 26.25% 34.12% -324.27%
Announcement Date 17/03/22 16/03/23 14/03/24 10/04/25 05/03/26 - - -
1EUR in Million
Estimates

Forecast Financial Ratios: Snam S.p.A.

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

Profitability

        
EBITDA Margin (%) 68.24% 63.64% 56.37% 77.16% 76.42% 77.16% 77.1% 78.43%
EBIT Margin (%) 43.37% 38.81% 34.44% 48.6% 47.49% 48.42% 48.47% 49.71%
EBT Margin (%) 48.98% 29.87% 35.77% 47.06% 42.83% 48.13% 47.15% 47.51%
Net margin (%) 45.37% 19.09% 26.47% 35.29% 32.69% 35.78% 34.66% 35.53%
FCF margin (%) 2.85% 79.29% -40.35% -28.05% -7.1% -5.03% -3.14% -12.87%
FCF / Net Income (%) 6.28% 415.35% -152.42% -79.51% -21.73% -14.06% -9.06% -36.24%

Profitability

        
ROA 4.61% 3.91% 4.94% 3.63% - 3.5% 3.7% 3.88%
ROE 17.82% 15.85% 15.03% 15.2% 15.66% 15.19% 14.99% 15.28%

Financial Health

        
Leverage (Debt/EBITDA) 6.23x 5.33x 6.32x 5.9x 5.9x 6.13x 6.2x 6.35x
Debt / Free cash flow 149.16x 4.28x -8.83x -16.22x -63.44x -93.99x -152.34x -38.68x

Capital Intensity

        
CAPEX / Current Assets (%) 37.73% 37.61% 41.88% 78.9% 69.73% 66.41% 65.7% 70.05%
CAPEX / EBITDA (%) 55.29% 59.1% 74.31% 102.25% 91.24% 86.07% 85.21% 89.31%
CAPEX / FCF (%) 1,323.4% 47.43% -103.82% -281.22% -981.52% -1,319.74% -2,092.06% -544.07%

Items per share

        
Cash flow per share 1 0.3986 1.224 -0.0403 0.5405 - 0.8841 0.8217 0.8282
Change - 207.08% -103.29% 1,441.19% - - -7.06% 0.79%
Dividend per Share 1 0.262 0.2751 0.282 0.2905 0.3021 0.3127 0.328 0.3399
Change - 5% 2.51% 3.01% 3.99% 3.52% 4.87% 3.65%
Book Value Per Share 1 2.201 2.207 2.277 2.662 - 2.852 2.96 3.074
Change - 0.25% 3.17% 16.92% - - 3.79% 3.85%
EPS 1 0.448 0.201 0.338 0.373 - 0.4278 0.4386 0.4654
Change - -55.13% 68.16% 10.36% - - 2.51% 6.11%
Nbr of stocks (in thousands) 3,270,216 3,351,746 3,352,756 3,353,613 3,354,396 3,355,791 3,355,791 3,355,791
Announcement Date 17/03/22 16/03/23 14/03/24 10/04/25 05/03/26 - - -
1EUR
Estimates
2026 *2027 *
P/E ratio 14.8x 14.4x
PBR 2.22x 2.14x
EV / Sales 9.98x 9.76x
Yield 4.94% 5.18%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
19
Last Close Price
6.328EUR
Average target price
6.500EUR
Spread / Average Target
+2.72%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. SRG Stock
  4. Financials Snam S.p.A.
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