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Saipem SpA SPM.MI

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Saipem SpA statistics & valuation

Market cap€8.5B
P / E27.5×
P / S0.6×
P / B3.2×
P / FCF7.5×
Dividend yield3.90%
Net margin2.0%
Return on equity11.8%
FCF margin7.4%
Net debt€2.2B
Enterprise value USD$12.3B
Earnings yield EBIT/EV6.4%
Return on capital11.4%
Graham number -51.3%€2.14

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (€2.14); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-2.10% 1.50% 2.10% 2.00% 2022202320242025
Gross margin (%)
17.10% 18.40% 18.60% 19.00% 2022202320242025
Operating margin (%)
0.60% 3.80% 4.50% 4.50% 2022202320242025
Return on equity (%)
-10.10% 7.50% 12.10% 11.80% 2022202320242025
Shares outstanding
1.94B 1.94B 1.94B 1.94B 2022202320242025
Net debt (€)
€981.0M €987.0M €858.0M €2.21B 2022202320242025
Share buybacks (€)
€0 €0 €65.0M €40.0M 2022202320242025
Return on assets (%)
-1.70% 1.40% 2.10% 2.10% 2022202320242025
Free cash flow margin (%)
-10.00% 0.90% 5.00% 7.40% 2022202320242025
Debt / equity (×)
1.47× 1.30× 1.19× 1.18× 2022202320242025
EPS (€)
-€0.22 €0.09 €0.15 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin19.0%18.6%18.4%17.1%
Operating margin4.5%4.5%3.8%0.6%
Net margin2.0%2.1%1.5%-2.1%
FCF margin7.4%5.0%0.9%-10.0%
Return on assets2.1%2.1%1.4%-1.7%
Return on equity11.8%12.1%7.5%-10.1%
Debt / equity0.55×0.69×0.91×0.84×
Current ratio1.101.141.181.13

Computed from company filings · IT · as of 2025-12-31. Figures in EUR. Facts plus Stocktoria's own computed scores — not investment advice.