MTAASPM
Market cap5.10bUSD
Dec 20, Last price
2.48EUR
1D
-6.06%
1Q
22.77%
Name
Saipem SpA
Chart & Performance
Profile
Saipem SpA provides energy and infrastructure solutions worldwide. The company operates through five divisions: Offshore Engineering & Construction (E&C), Onshore Engineering & Construction, Offshore Drilling, Onshore Drilling, and XSIGHT. It offers engineering, construction, installation of platforms, pipelines, subsea fields, maintenance, modification, operation, and decommissioning activities, as well as develops marine wind farms and energy integration projects. The company also designs onshore project in the LNG and regasification, refining, petrochemical, fertilizers, pipelines, gas, oil processing stations, floaters, renewables, biotechnologies, CO2 capture, transportation, storage, and hydrogen production and transportation. In addition, the company provides procurement, project management, construction, and engineering integrated services for the energy industry markets and public infrastructures, as well as offshore and onshore drilling services on all types of rigs and in all geographical areas. As of December 31, 2021, its offshore drilling fleet consisted of twelve vessels, including six ultra-deep-water units, five high specification jack-ups, and one standard jack-ups. The company also operates 9 fabrication yards and a sea fleet of 41 vessels; and onshore drilling fleet comprised 84 units. Saipem S.p.A. is headquartered in Milan, Italy.
Valuation
Title EUR in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
Income | ||||||||||
Revenues | 11,883,000 19.07% | 9,980,000 45.16% | 6,875,000 -6.36% | |||||||
Cost of revenue | 9,724,000 | 8,306,000 | 7,395,000 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 2,159,000 | 1,674,000 | (520,000) | |||||||
NOPBT Margin | 18.17% | 16.77% | ||||||||
Operating Taxes | 145,000 | 153,000 | 70,000 | |||||||
Tax Rate | 6.72% | 9.14% | ||||||||
NOPAT | 2,014,000 | 1,521,000 | (590,000) | |||||||
Net income | 179,000 -156.83% | (315,000) -87.23% | (2,467,000) 120.86% | |||||||
Dividends | (26,000) | |||||||||
Dividend yield | 2.84% | |||||||||
Proceeds from repurchase of equity | 1,918,000 | |||||||||
BB yield | -180.50% | |||||||||
Debt | ||||||||||
Debt current | 490,000 | 1,040,000 | 1,256,000 | |||||||
Long-term debt | 3,329,000 | 2,396,000 | 3,073,000 | |||||||
Deferred revenue | ||||||||||
Other long-term liabilities | 1,148,000 | 1,356,000 | 1,663,000 | |||||||
Net debt | 1,357,000 | 1,090,000 | 2,696,000 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 586,000 | (477,000) | 90,000 | |||||||
CAPEX | (482,000) | (523,000) | (298,000) | |||||||
Cash from investing activities | (175,000) | 5,000 | (490,000) | |||||||
Cash from financing activities | (282,000) | 871,000 | 331,000 | |||||||
FCF | 1,763,000 | 1,758,000 | 140,000 | |||||||
Balance | ||||||||||
Cash | 2,222,000 | 2,127,000 | 1,474,000 | |||||||
Long term investments | 240,000 | 219,000 | 159,000 | |||||||
Excess cash | 1,867,850 | 1,847,000 | 1,289,250 | |||||||
Stockholders' equity | 820,000 | 402,000 | (21,000) | |||||||
Invested Capital | 5,680,000 | 5,826,000 | 5,736,000 | |||||||
ROIC | 35.01% | 26.31% | ||||||||
ROCE | 33.22% | 26.87% | ||||||||
EV | ||||||||||
Common stock shares outstanding | 2,008,954 | 940,342 | 197,472 | |||||||
Price | 1.47 30.09% | 1.13 -75.59% | 4.63 -16.27% | |||||||
Market cap | 2,953,162 177.92% | 1,062,586 16.22% | 914,295 -20.61% | |||||||
EV | 4,312,162 | 2,286,586 | 3,732,295 | |||||||
EBITDA | 2,619,000 | 2,115,000 | 1,000 | |||||||
EV/EBITDA | 1.65 | 1.08 | 3,732.29 | |||||||
Interest | 161,000 | 142,000 | 119,000 | |||||||
Interest/NOPBT | 7.46% | 8.48% |