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Snam S.p.A. SRG.MI

IT · Borsa Italiana · XMIL · stock · Utilities · website

Snam S.p.A. statistics & valuation

Market cap€19.4B
P / E15.3×
P / S5.0×
P / B2.1×
Net margin33.0%
FCF margin-0.5%
Net debt€17.9B
Enterprise value USD$43.0B
Earnings yield EBIT/EV5.2%
Return on capital7.4%
Graham number -17.4%€4.77

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 (€4.77); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
19.20% 26.70% 35.50% 33.00% 2022202320242025
Gross margin (%)
85.90% 81.50% 2022202320242025
Operating margin (%)
39.40% 34.90% 49.90% 49.90% 2022202320242025
Return on equity (%)
9.00% 14.90% 14.10% 13.70% 2022202320242025
Shares outstanding
3.36B 3.36B 3.36B 3.36B 2022202320242025
Net debt (€)
€11.92B €15.27B €16.55B €17.89B 2022202320242025
Share buybacks (€)
€3.0M €3.0M €948.0M €977.0M 2022202320242025
Return on assets (%)
2.10% 3.40% 3.50% 3.40% 2022202320242025
Free cash flow margin (%)
79.70% -45.50% -28.20% -0.50% 2022202320242025
Debt / equity (×)
1.83× 2.18× 2.06× 2.11× 2022202320242025
EPS (€)
€0.20 €0.34 €0.38 €0.37 2022202320242025

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

P / E vs its own history

Snam S.p.A. trades at about 15.7× earnings — near its 10-year norm (10-year range 11.9×–23.3×, median 15.8×).

11.9× 23.3×

Shaded band = 10-year range (11.9×–23.3×); dot = today's 15.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin81.5%85.9%
Operating margin49.9%49.9%34.9%39.4%
Net margin33.0%35.5%26.7%19.2%
FCF margin-0.5%-28.2%-45.5%79.7%
Return on assets3.4%3.5%3.4%2.1%
Return on equity13.7%14.1%14.9%9.0%
Debt / equity1.56×1.65×1.53×1.49×
Current ratio0.720.830.730.85

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