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 8,434 - -
Change - 23.22% 30.38% 67.43% -3.35% 77.7% - -
Enterprise Value (EV) 1 3,367 2,514 3,194 4,888 5,244 8,001 7,651 6,984
Change - -25.34% 27.07% 53.03% 7.3% 52.57% -4.38% -8.72%
P/E -0.76x -10.8x 16.4x 16.4x 15.6x 27.1x 14.2x 12.9x
PBR 5.72x 1.09x 1.23x 1.98x 1.84x 3.32x 2.99x 2.72x
PEG - 0.1x -0x 0.2x 11.96x 8.09x 0.2x 1.36x
Capitalization / Revenue 0.27x 0.23x 0.25x 0.34x 0.31x 0.54x 0.53x 0.54x
EV / Revenue 0.49x 0.25x 0.27x 0.34x 0.34x 0.51x 0.48x 0.45x
EV / EBITDA -2.82x 4.22x 3.45x 3.68x 3.06x 4.45x 3.66x 3.28x
EV / EBIT -1.97x 16.8x 7.31x 8.07x 7.72x 11.4x 7.26x 6.19x
EV / FCF -17.4x -4.8x 12.9x 6.46x 4.23x 6.27x 5.98x 5.31x
FCF Yield -5.73% -20.8% 7.76% 15.5% 23.7% 15.9% 16.7% 18.8%
Dividend per Share 2 - - - - 0.17 0.1654 0.1718 0.1844
Rate of return - - - - 7.01% 3.8% 3.95% 4.24%
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 4.347 4.347 4.347
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.($)
20.45x2.23x10.2x2.32% 74.99B
20.45x2.57x14.24x1.49% 61.1B
22.79x2.47x12.22x0.29% 27.3B
13.26x1.4x7.64x2.15% 26.57B
27.08x0.51x4.45x3.8% 9.75B
22.48x0.82x7.34x2.04% 7B
7.64x1.43x5.48x3.41% 6.24B
16.05x1.38x6.51x1.27% 6.22B
29.24x5.9x10.6x3.3% 6.06B
Average 19.94x 2.08x 8.74x 2.23% 25.03B
Weighted average by Cap. 20.00x 2.19x 10.68x 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