Subscribe

Saipem S.p.A. (SPM.MI)

EUR4.33 -0.05 (-1.12%)
IT MIL Energy Oil & Gas Equipment & Services
Address Via Martiri di Cefalonia 67 20097
Milan, MI, IT
CEO Alessandro Puliti
Website saipem.com
IPO 1987-02-02
ISIN IT0005495657

Explore sections of this company profile

Also trades on Italian Stock Exchange · SPM.MI (EUR) Other OTC · SAPMF (USD) Other OTC · SAPMY (USD)
Description

Saipem S.p.A. is a global provider of integrated solutions for the energy and infrastructure sectors. The company's operations are strategically divided into five key segments: Offshore Engineering & Construction, Onshore Engineering & Construction, Offshore Drilling, Onshore Drilling, and XSIGHT. Saipem's extensive service offerings include engineering, construction, and the installation of offshore platforms, pipelines, and subsea fields, in addition to maintenance, modification, operational management, and decommissioning services. The company also plays a vital role in developing marine wind farms and pioneering energy integration initiatives. Onshore, Saipem specializes in designing intricate projects across various domains, such as LNG and regasification, refining, petrochemicals, fertilizers, pipelines, gas and oil processing stations, floaters, and cutting-edge technologies like renewables, biotechnologies, CO2 capture, transportation, storage, and hydrogen production and transportation. Furthermore, the company delivers comprehensive integrated services, covering procurement, project management, construction, and engineering for both the energy industry and public infrastructure. Saipem provides a full range of offshore and onshore drilling services, utilizing all types of rigs in diverse geographical locations. As of December 31, 2021, its offshore drilling fleet comprised twelve vessels, including six state-of-the-art ultra-deep-water units, five high-specification jack-ups, and one standard jack-up. The onshore drilling fleet consisted of 84 units. Complementing these assets, Saipem operates nine fabrication yards and a sea fleet of 41 vessels. The company's corporate headquarters are situated in Milan, Italy.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
Loading risk profile…
Price Chart
Averages
Trend
Price
Levels
Draw
EUR4.33 -0.05 (-1.12%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
29M
Beta
1.56
Float Shares
1.26B
Free Float %
65.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.13% -1.67% -10.63% +15.41% +75.32% +64.80% +84.75% +249.15% -20.31% -55.36% -41.31%
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
vs.
Loading histogram data…

Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
4.33
DCF (Levered) 19.21 +343.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 71% Bullish
Rating 2026-05 Change
Strong Buy 3 -1
Buy 9 -1
Hold 4 0
Sell 1 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.75
Distress
Piotroski F-Score
7 / 9
Strong
MOAT Score
6 / 10
Developing
Composite Rating
D+
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Oil & Gas Equipment & Services: +6.7%
    +6.5% Q2'25: +9.7% (vs Q2'24)
  • EPS growth Oil & Gas Equipment & Services: +14.3%
    +14.3% Q2'25: +4.2% (vs Q2'24)
  • FCF margin FCF growth · Oil & Gas Equipment & Services: +40.2%
    +6.9% Q2'25: +10.0% (vs Q2'24)
  • EBIT margin Oil & Gas Equipment & Services: +10.9%
    +4.4% Q2'25: +4.8% (vs Q2'24)
  • ROIC Oil & Gas Equipment & Services: +6.7%
    +9.6% Q2'25: +11.1% (vs Q2'24)
  • Share dilution Oil & Gas Equipment & Services: +0.3%
    -10.1% Q2'25: -0.8% (vs Q2'24)
  • Debt / EBITDA Net debt/EBITDA · Oil & Gas Equipment & Services: 0.32×
    1.82× Q2'25: 4.09× (vs Q2'24)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.59) × ERP
WACC = 73% × Ke + 27% × Kd (6.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 4.33
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
17 Rev. Ana.
14 EPS Ana.
Dec 2027
17 Rev. Ana.
14 EPS Ana.
Dec 2028
14 Rev. Ana.
12 EPS Ana.
Dec 2029
9 Rev. Ana.
10 EPS Ana.
Dec 2030
13 Rev. Ana.
5 EPS Ana.
Revenue
11.70B
est: 11.70B (+0.0%)
9.89B
est: 10.39B (-4.8%)
9.16B
est: 9.18B (-0.2%)
8.53B
est: 8.21B (+3.8%)
9.10B
est: 9.09B (+0.1%)
7.40B
est: 7.33B (+0.9%)
6.53B
est: 6.85B (-4.7%)
9.98B
est: 9.49B (+5.1%)
11.88B
est: 12.95B (-8.2%)
14.55B
est: 14.22B (+2.3%)
15.50B
est: 15.09B (+2.7%)
15.60B
15.26B – 16.72B
+3.3% YoY
15.79B
15.22B – 16.51B
+1.2% YoY
15.46B
15.42B – 15.50B
-2.1% YoY
15.59B
15.14B – 16.50B
+0.8% YoY
16.12B
15.66B – 17.07B
+3.4% YoY
EBITDA
267.00M
est: -222.29M (+220.1%)
-860.00M
est: -197.39M (-335.7%)
514.00M
est: -174.46M (+394.6%)
433.00M
est: -156.07M (+377.4%)
964.00M
est: -172.69M (+658.2%)
-283.00M
est: -139.37M (-103.1%)
-1.83B
est: -130.20M (-1,305.6%)
519.00M
est: -180.43M (+387.6%)
951.00M
est: 5.11B (-81.4%)
1.33B
est: 5.62B (-76.3%)
1.71B
est: 5.96B (-71.3%)
6.16B
6.03B – 6.60B
+3.3% YoY
6.23B
6.01B – 6.52B
+1.2% YoY
6.11B
6.09B – 6.12B
-2.1% YoY
6.15B
5.98B – 6.52B
+0.8% YoY
6.37B
6.18B – 6.74B
+3.4% YoY
EBIT
-459.00M
est: -863.38M (+46.8%)
-1.53B
est: -766.69M (-100.0%)
-4.00M
est: -677.61M (+99.4%)
-31.00M
est: -606.18M (+94.9%)
349.00M
est: -670.74M (+152.0%)
-874.00M
est: -541.32M (-61.5%)
-2.23B
est: -505.68M (-340.8%)
75.00M
est: -700.79M (+110.7%)
491.00M
est: -537.30M (+191.4%)
608.00M
est: -589.99M (+203.1%)
674.00M
est: -626.11M (+207.6%)
-647.04M
-693.59M – -633.19M
-3.3% YoY
-654.97M
-684.83M – -631.26M
-1.2% YoY
-641.42M
-643.11M – -639.72M
+2.1% YoY
-646.58M
-684.53M – -627.93M
-0.8% YoY
-668.86M
-708.11M – -649.57M
-3.4% YoY
Net Income
-806.00M
est: -9.48B (+91.5%)
-2.09B
est: 1.42B (-246.5%)
-328.00M
est: 1.02B (-132.0%)
-472.00M
est: 266.44M (-277.1%)
12.00M
est: 799.26M (-98.5%)
-1.14B
est: -1.45B (+21.4%)
-2.47B
est: -11.29B (+78.2%)
-209.00M
est: -229.85M (+9.1%)
179.00M
est: 263.00M (-31.9%)
306.00M
est: 328.00M (-6.7%)
312.00M
est: 336.55M (-7.3%)
463.87M
365.42M – 556.32M
+37.8% YoY
610.69M
423.86M – 793.00M
+31.7% YoY
645.69M
501.23M – 904.00M
+5.7% YoY
654.40M
629.87M – 704.32M
+1.3% YoY
662.97M
638.12M – 713.56M
+1.3% YoY
SGA
1.33B
est: 1.96B (-32.3%)
759.00M
est: 1.74B (-56.4%)
1.45B
est: 1.54B (-6.0%)
697.00M
est: 1.38B (-49.4%)
475.00M
est: 1.52B (-68.8%)
1.64B
est: 1.23B (+33.1%)
1.60B
est: 1.15B (+38.9%)
869.00M
est: 1.59B (-45.4%)
1.72B
est: 1.60B (+7.7%)
2.05B
est: 1.76B (+16.9%)
est: 1.86B (-100.0%)
1.93B
1.89B – 2.06B
+3.3% YoY
1.95B
1.88B – 2.04B
+1.2% YoY
1.91B
1.90B – 1.91B
-2.1% YoY
1.92B
1.87B – 2.04B
+0.8% YoY
1.99B
1.93B – 2.11B
+3.4% YoY
EPS
-5.80
est: -4.24 (-36.7%)
-11.90
est: 0.64 (-1,966.6%)
-1.56
est: 0.46 (-440.3%)
-2.26
est: 0.12 (-1,995.0%)
0.47
est: 0.36 (+31.4%)
-5.36
est: -0.65 (-728.5%)
-12.49
est: -5.05 (-147.1%)
-0.16
est: -0.10 (-55.5%)
0.09
est: 0.13 (-32.3%)
0.16
est: 0.16 (+2.4%)
0.16
est: 0.16 (-2.6%)
0.23
0.18 – 0.28
+39.0% YoY
0.30
0.21 – 0.39
+32.1% YoY
0.32
0.25 – 0.45
+5.9% YoY
0.33
0.31 – 0.35
+1.9% YoY
0.33
0.32 – 0.36
+1.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-28 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-27 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-26 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-25 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-22 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-19 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-18 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-15 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-14 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-13 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-15 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.00B
OE per share TTM
1.02
Owner's Yield
24.22%
Maintenance CapEx ratio
52.77%
Maint CapEx / Avg PPE
34.1%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
22.5K
Shares Outstanding
1.94B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Alessandro Puliti Chief Executive Officer, GM, Chief Operating Officer & Director 3M male
Davide Manunta Chief Tech & Innovation Officer, Chief Operating Officer of the Sus Infrastructures Biz Line & Chief Integration Officer 30.0K male
Gianalberto Secchi Chief Operating Officer of Offshore Wind male
Massimiliano Branchi Chief People of HSEQ, & Sustainability Officer male
Ottavia Stella Chief Integrated Risk Management and Compliance Officer female
Paolo Calcagnini Chief Financial Officer, Chief Project Control & Financial Advisory Officer male
Rossella Carrara Director of External Communication & Public Affairs female
Alberto Goretti Head of Investor Relations & Rating Management male
Simone Chini General Counsel & Secretary of the Board of Directors male
Fabrizio Botta Chief Operating Officer of Energy Carriers male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits