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 8,456 - -
Change - 23.22% 30.38% 67.43% -3.35% 78.15% - -
Enterprise Value (EV) 1 3,367 2,514 3,194 4,888 5,244 8,054 7,615 6,971
Change - -25.34% 27.07% 53.03% 7.3% 53.57% -5.45% -8.45%
P/E -0.76x -10.8x 16.4x 16.4x 15.6x 19.5x 14.3x 13.4x
PBR 5.72x 1.09x 1.23x 1.98x 1.84x 3.16x 2.89x 2.64x
PEG - 0.1x -0x 0.2x 11.96x 0.4x 0.4x 1.92x
Capitalization / Revenue 0.27x 0.23x 0.25x 0.34x 0.31x 0.54x 0.54x 0.55x
EV / Revenue 0.49x 0.25x 0.27x 0.34x 0.34x 0.52x 0.48x 0.45x
EV / EBITDA -2.82x 4.22x 3.45x 3.68x 3.06x 4.15x 3.6x 3.25x
EV / EBIT -1.97x 16.8x 7.31x 8.07x 7.72x 9.38x 7.09x 6.15x
EV / FCF -17.4x -4.8x 12.9x 6.46x 4.23x 6.27x 5.96x 5.23x
FCF Yield -5.73% -20.8% 7.76% 15.5% 23.7% 15.9% 16.8% 19.1%
Dividend per Share 2 - - - - 0.17 0.1669 0.1739 0.185
Rate of return - - - - 7.01% 3.83% 3.99% 4.24%
EPS 2 -116.2 -0.1047 0.0897 0.1533 0.1553 0.2239 0.3039 0.3252
Distribution rate - - - - 109% 74.5% 57.2% 56.9%
Net sales 1 6,875 9,980 11,874 14,549 15,497 15,561 15,804 15,495
EBITDA 1 -1,192 595 926 1,329 1,716 1,941 2,117 2,144
EBIT 1 -1,713 150 437 606 679 858.9 1,074 1,134
Net income 1 -2,467 -209 179 306 310 455.3 622.6 668.9
Net Debt 1 1,541 264 261 -23 498 -401.8 -841.1 -1,485
Reference price 2 87.857 1.128 1.470 2.509 2.425 4.358 4.358 4.358
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.($)
20.82x2.27x10.37x2.28% 76.47B
25.4x2.15x12.01x1.52% 60.11B
25.56x2.73x13.56x0.27% 29.92B
13.35x1.41x7.71x2.13% 26.77B
25.69x0.87x8.29x1.84% 7.35B
19.24x5.5x9.54x2.57% 6.26B
7.65x1.46x5.73x3.53% 6.22B
15.35x1.37x6.46x1.28% 6.16B
28.63x5.69x10.22x3.47% 5.74B
Average 20.19x 2.61x 9.32x 2.1% 25B
Weighted average by Cap. 21.59x 2.28x 10.59x 1.82%

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