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 8,271 - -
Change - 23.22% 30.38% 67.43% -3.35% 74.27% - -
Enterprise Value (EV) 1 3,367 2,514 3,194 4,888 5,244 7,838 7,488 6,821
Change - -25.34% 27.07% 53.03% 7.3% 49.46% -4.47% -8.91%
P/E -0.76x -10.8x 16.4x 16.4x 15.6x 26.6x 13.9x 12.7x
PBR 5.72x 1.09x 1.23x 1.98x 1.84x 3.26x 2.93x 2.67x
PEG - 0.1x -0x 0.2x 11.96x 7.94x 0.2x 1.34x
Capitalization / Revenue 0.27x 0.23x 0.25x 0.34x 0.31x 0.53x 0.52x 0.53x
EV / Revenue 0.49x 0.25x 0.27x 0.34x 0.34x 0.5x 0.47x 0.44x
EV / EBITDA -2.82x 4.22x 3.45x 3.68x 3.06x 4.36x 3.58x 3.2x
EV / EBIT -1.97x 16.8x 7.31x 8.07x 7.72x 11.2x 7.11x 6.04x
EV / FCF -17.4x -4.8x 12.9x 6.46x 4.23x 6.15x 5.85x 5.18x
FCF Yield -5.73% -20.8% 7.76% 15.5% 23.7% 16.3% 17.1% 19.3%
Dividend per Share 2 - - - - 0.17 0.1654 0.1718 0.1844
Rate of return - - - - 7.01% 3.88% 4.03% 4.33%
EPS 2 -116.2 -0.1047 0.0897 0.1533 0.1553 0.1605 0.3069 0.3361
Distribution rate - - - - 109% 103% 56% 54.9%
Net sales 1 6,875 9,980 11,874 14,549 15,497 15,622 15,875 15,657
EBITDA 1 -1,192 595 926 1,329 1,716 1,799 2,090 2,131
EBIT 1 -1,713 150 437 606 679 701.3 1,054 1,129
Net income 1 -2,467 -209 179 306 310 316.8 627 692.9
Net Debt 1 1,541 264 261 -23 498 -433.1 -783.6 -1,450
Reference price 2 87.857 1.128 1.470 2.509 2.425 4.263 4.263 4.263
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.($)
20.2x2.21x10.1x2.35% 74.07B
20.49x2.58x14.26x1.51% 61.22B
22.67x2.46x12.16x0.29% 27.17B
13.23x1.4x7.62x2.15% 26.51B
26.56x0.5x4.36x3.88% 9.55B
22.32x0.82x7.34x1.98% 6.95B
15.77x1.39x6.56x1.26% 6.27B
7.42x1.43x5.63x3.53% 6.1B
18.24x5.37x9.36x2.68% 5.95B
Average 18.54x 2.02x 8.60x 2.18% 24.87B
Weighted average by Cap. 19.57x 2.17x 10.62x 1.91%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield