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 8,908 - -
Change - 23.22% 30.38% 67.43% -3.35% 87.68% - -
Enterprise Value (EV) 1 3,367 2,514 3,194 4,888 5,244 8,396 8,047 7,366
Change - -25.34% 27.07% 53.03% 7.3% 60.1% -4.16% -8.47%
P/E -0.76x -10.8x 16.4x 16.4x 15.6x 32.5x 15.1x 13.4x
PBR 5.72x 1.09x 1.23x 1.98x 1.84x 3.58x 3.24x 2.95x
PEG - 0.1x -0x 0.2x 11.96x -3.6x 0x 1.1x
Capitalization / Revenue 0.27x 0.23x 0.25x 0.34x 0.31x 0.57x 0.56x 0.56x
EV / Revenue 0.49x 0.25x 0.27x 0.34x 0.34x 0.54x 0.5x 0.47x
EV / EBITDA -2.82x 4.22x 3.45x 3.68x 3.06x 4.74x 3.87x 3.45x
EV / EBIT -1.97x 16.8x 7.31x 8.07x 7.72x 12.2x 7.66x 6.44x
EV / FCF -17.4x -4.8x 12.9x 6.46x 4.23x 6.35x 6.34x 5.54x
FCF Yield -5.73% -20.8% 7.76% 15.5% 23.7% 15.8% 15.8% 18%
Dividend per Share 2 - - - - 0.17 0.165 0.1713 0.184
Rate of return - - - - 7.01% 3.59% 3.73% 4.01%
EPS 2 -116.2 -0.1047 0.0897 0.1533 0.1553 0.1413 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 -1,713 150 437 606 679 689.1 1,050 1,144
Net income 1 -2,467 -209 179 306 310 277.5 604.1 675.7
Net Debt 1 1,541 264 261 -23 498 -511.4 -860.5 -1,542
Reference price 2 87.857 1.128 1.470 2.509 2.425 4.591 4.591 4.591
Nbr of stocks (in thousands) 20,779 1,995,110 1,995,144 1,957,188 1,957,283 1,940,283 - -
Announcement Date 2/24/22 A 2/28/23 A 2/28/24 A 2/25/25 A 2/25/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.47x2.2x10.06x2.37% 73.47B
19.12x2.32x13.12x1.67% 55.29B
15.66x2.16x9.44x4.74% 29.87B
13.79x1.47x8.04x2.04% 27.91B
22.55x2.47x12.21x0.29% 27.32B
24.83x4.07x15.88x1.15% 13.01B
13.63x1.3x5.45x3.61% 10.54B
32.5x0.54x4.74x3.59% 10.02B
21.25x0.79x6.93x2.12% 6.75B
Average 20.42x 1.92x 9.54x 2.4% 28.24B
Weighted average by Cap. 19.53x 2.13x 10.48x 2.27%

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