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 8,541 - -
Change - 23.22% 30.38% 67.43% -3.35% 79.95% - -
Enterprise Value (EV) 1 3,367 2,514 3,194 4,888 5,244 8,252 7,895 7,272
Change - -25.34% 27.07% 53.03% 7.3% 57.35% -4.33% -7.88%
P/E -0.76x -10.8x 16.4x 16.4x 15.6x 19.6x 15x 14.2x
PBR 5.72x 1.09x 1.23x 1.98x 1.84x 3.09x 2.8x 2.71x
PEG - 0.1x -0x 0.2x 11.96x 0.4x 0.5x 2.47x
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 0.53x 0.5x 0.47x
EV / EBITDA -2.82x 4.22x 3.45x 3.68x 3.06x 4.21x 3.75x 3.45x
EV / EBIT -1.97x 16.8x 7.31x 8.07x 7.72x 9.49x 7.46x 6.67x
EV / FCF -17.4x -4.8x 12.9x 6.46x 4.23x 7.73x 7.2x 6.16x
FCF Yield -5.73% -20.8% 7.76% 15.5% 23.7% 12.9% 13.9% 16.2%
Dividend per Share 2 - - - - 0.17 0.1606 0.1709 0.1761
Rate of return - - - - 7.01% 3.65% 3.88% 4%
EPS 2 -116.2 -0.1047 0.0897 0.1533 0.1553 0.2247 0.2934 0.3103
Distribution rate - - - - 109% 71.5% 58.2% 56.8%
Net sales 1 6,875 9,980 11,874 14,549 15,497 15,673 15,841 15,447
EBITDA 1 -1,192 595 926 1,329 1,716 1,959 2,105 2,108
EBIT 1 -1,713 150 437 606 679 869.5 1,058 1,091
Net income 1 -2,467 -209 179 306 310 463.9 608.4 650.3
Net Debt 1 1,541 264 261 -23 498 -289.1 -646.4 -1,269
Reference price 2 87.857 1.128 1.470 2.509 2.425 4.402 4.402 4.402
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.($)
18.13x2.14x9.64x2.48% 70.9B
21.1x2.04x11.53x1.64% 56.49B
14.79x1.51x8.22x1.97% 28.96B
22.85x2.43x12.07x0.3% 26.72B
35.83x6.69x12.08x2.71% 7.35B
22.32x6.14x10.66x2.22% 7.26B
23.83x0.81x7.72x1.86% 6.8B
7.4x1.41x5.3x3.53% 6.13B
14.71x1.34x6.32x1.28% 6.1B
Average 20.11x 2.72x 9.28x 2% 24.08B
Weighted average by Cap. 19.56x 2.27x 10.08x 1.9%

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