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 8,733 - -
Change - 23.22% 30.38% 67.43% -3.35% 84% - -
Enterprise Value (EV) 1 3,367 2,514 3,194 4,888 5,244 8,265 7,890 7,221
Change - -25.34% 27.07% 53.03% 7.3% 57.6% -4.54% -8.48%
P/E -0.76x -10.8x 16.4x 16.4x 15.6x 27.8x 14.4x 13.2x
PBR 5.72x 1.09x 1.23x 1.98x 1.84x 3.44x 3.09x 2.81x
PEG - 0.1x -0x 0.2x 11.96x 6.28x 0.2x 1.38x
Capitalization / Revenue 0.27x 0.23x 0.25x 0.34x 0.31x 0.56x 0.55x 0.56x
EV / Revenue 0.49x 0.25x 0.27x 0.34x 0.34x 0.53x 0.5x 0.46x
EV / EBITDA -2.82x 4.22x 3.45x 3.68x 3.06x 4.59x 3.77x 3.39x
EV / EBIT -1.97x 16.8x 7.31x 8.07x 7.72x 11.7x 7.41x 6.32x
EV / FCF -17.4x -4.8x 12.9x 6.46x 4.23x 6.48x 6.17x 5.49x
FCF Yield -5.73% -20.8% 7.76% 15.5% 23.7% 15.4% 16.2% 18.2%
Dividend per Share 2 - - - - 0.17 0.1654 0.1718 0.1844
Rate of return - - - - 7.01% 3.67% 3.82% 4.1%
EPS 2 -116.2 -0.1047 0.0897 0.1533 0.1553 0.1622 0.3118 0.3415
Distribution rate - - - - 109% 102% 55.1% 54%
Net sales 1 6,875 9,980 11,874 14,549 15,497 15,613 15,892 15,693
EBITDA 1 -1,192 595 926 1,329 1,716 1,799 2,090 2,132
EBIT 1 -1,713 150 437 606 679 704.7 1,065 1,142
Net income 1 -2,467 -209 179 306 310 320.3 622.4 680.1
Net Debt 1 1,541 264 261 -23 498 -467.8 -843.2 -1,512
Reference price 2 87.857 1.128 1.470 2.509 2.425 4.501 4.501 4.501
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 2/28/23 2/28/24 2/25/25 2/25/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.67x2.34x10.68x2.2% 79.09B
20.62x2.56x14.16x1.49% 61.37B
24.53x2.68x13.22x0.27% 29.49B
14.13x1.47x8.04x2.03% 28.16B
27.75x0.53x4.59x3.67% 10.19B
22.3x0.83x7.28x1.94% 7.11B
7.12x1.46x5.91x3.11% 6.7B
16.52x1.4x6.59x1.25% 6.32B
9.25x - - 4.11% 6.06B
Average 18.21x 1.66x 8.81x 2.23% 26.05B
Weighted average by Cap. 20.26x 2.16x 10.99x 1.86%

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