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Saipem

MIL:SPM · IT0005495657
Energy Equipment & ServicesX-Large

360

99
EV / EBIT67
Price / Owner Earnings44
Owner Earnings Yield64
Dividend Yield53
Price/Sales91
EV / Gross Profit90
Price/Book17
Return on Capital89
Cash Return on Capital90
Return on Equity49
EBIT Margin23
Gross Profitability100
Cash Conversion87
Accruals71
Owner Earnings Margin32
Sales growth23
Profit Growth51
Long-Term EPS Growth96
Owner Earnings Growth68
Reinvestment80
Price momentum86
Debt load56
Refinancing14
Debt Payback68
Liquidity50
Analyst ratings69
Opinion Changes50
Price Target Upside14
Market mood46
Value Creation16/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Saipem generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryItaly
IndustryEnergy Equipment & Services
SizeX-Large
TypePublic Company
ExchangeBIT
Employees25,986
Websitesaipem.com
ISINIT0005495657
Last UpdateApr 2, 2026
Indices
MIB (Italy)
Themes
Onshore and Offshore WindUtility Scale SolarClean EnergyEnvironmental EngineeringMarine TransportationCleanTechConstructionEnergyOil and Gas

Description

Saipem SpA is an entity in energy and infrastructure sectors, delivering complex project management, engineering, and construction services in the fields of oil and gas, renewable energy, and environmental protection. Business Segments Engineering…

Analysis

Hidden champion

Saipem SpA is what we call a hidden champion: a strong business that the market is not pricing as one.

The price is fair. You pay 17.0× its owner earnings: the cash an owner could take out each year, which is in the historically fair zone. At today's price, the market is assuming roughly 4% yearly growth; analysts expect 32%. The price, in other words, assumes less than the experts do.

The trajectory is solid and the balance sheet is sturdy. The company scores 16/20 on our value-creation score: strong value creator. Analyst sentiment is cautious.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
34
2023202420252026

All-time high

59

Jan 2024

All-time low

23

Jan 2023

Average rank

44

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
91
79
92
93
Price/Earnings
33
20
38
11
Price/Book
17
25
50
67
Dividend Yield
53
46
24
1
Value (overall)
37
34
45
57

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →