Financials Snam S.p.A. Deutsche Boerse AG

Equities

SNM

IT0003153415

Oil & Gas Transportation Services

Market Closed - Deutsche Boerse AG 06:59:02 02/07/2024 pm IST 5-day change 1st Jan Change
4.075 EUR -0.71% Intraday chart for Snam S.p.A. -2.51% -12.44%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 15,468 14,886 17,332 15,173 15,607 13,820 - -
Enterprise Value (EV) 1 27,391 27,778 31,353 27,096 30,877 31,370 32,245 32,841
P/E ratio 14.2 x 14 x 11.8 x 22.5 x 13.8 x 11.4 x 11.3 x 11 x
Yield 5.07% 5.42% 4.94% 6.08% 6.06% 7.04% 7.23% 7.49%
Capitalization / Revenue 5.8 x 5.37 x 5.26 x 4.32 x 3.64 x 3.21 x 3.05 x 2.92 x
EV / Revenue 10.3 x 10 x 9.51 x 7.71 x 7.2 x 7.29 x 7.12 x 6.93 x
EV / EBITDA 12.6 x 12.6 x 13.9 x 12.1 x 12.8 x 11.4 x 11.3 x 10.9 x
EV / FCF 55 x 64.5 x 334 x 9.72 x -17.8 x -21.9 x -358 x 86.6 x
FCF Yield 1.82% 1.55% 0.3% 10.3% -5.6% -4.56% -0.28% 1.15%
Price to Book 2.47 x 2.33 x 2.41 x 2.05 x 2.04 x 1.74 x 1.71 x 1.66 x
Nbr of stocks (in thousands) 33,00,800 32,35,375 32,70,216 33,51,746 33,52,756 33,53,613 - -
Reference price 2 4.686 4.601 5.300 4.527 4.655 4.121 4.121 4.121
Announcement Date 19/03/20 18/03/21 17/03/22 16/03/23 14/03/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,665 2,770 3,297 3,515 4,288 4,305 4,527 4,740
EBITDA 1 2,169 2,197 2,250 2,237 2,417 2,747 2,844 3,018
EBIT 1 1,417 1,424 1,430 1,364 1,477 1,714 1,774 1,867
Operating Margin 53.17% 51.41% 43.37% 38.81% 34.44% 39.8% 39.2% 39.39%
Earnings before Tax (EBT) 1 1,465 1,471 1,615 1,050 1,534 1,644 1,666 1,709
Net income 1 1,090 1,101 1,496 671 1,135 1,210 1,231 1,259
Net margin 40.9% 39.75% 45.37% 19.09% 26.47% 28.12% 27.19% 26.55%
EPS 2 0.3300 0.3290 0.4480 0.2010 0.3380 0.3616 0.3659 0.3752
Free Cash Flow 1 498 431 94 2,787 -1,730 -1,432 -89.98 379.2
FCF margin 18.69% 15.56% 2.85% 79.29% -40.35% -33.26% -1.99% 8%
FCF Conversion (EBITDA) 22.96% 19.62% 4.18% 124.59% - - - 12.57%
FCF Conversion (Net income) 45.69% 39.15% 6.28% 415.35% - - - 30.13%
Dividend per Share 2 0.2376 0.2495 0.2620 0.2751 0.2820 0.2901 0.2981 0.3086
Announcement Date 19/03/20 18/03/21 17/03/22 16/03/23 14/03/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 1,346 1,527 807 963 838 842 1,680 868 967 979 1,115 2,094 1,051 1,143 896 1,280 1,229 1,295 -
EBITDA 1 1,107 1,163 553 534 588 567 1,155 551 531 597 624 1,221 641 555 703 719.7 734.1 633.1 -
EBIT 1 733 762 353 315 376 352 728 337 299 372 394 766 405 306 450 458.9 466.5 350.8 -
Operating Margin 54.46% 49.9% 43.74% 32.71% 44.87% 41.81% 43.33% 38.82% 30.92% 38% 35.34% 36.58% 38.53% 26.77% 50.22% 35.87% 37.95% 27.08% -
Earnings before Tax (EBT) 1 767 847 398 370 409 479 888 372 -210 407 - - 455 - 449 - - - -
Net income 1 572 878 339 279 312 374 686 286 -301 304 394 698 349 88 337 343.8 336.6 181.1 -
Net margin 42.5% 57.5% 42.01% 28.97% 37.23% 44.42% 40.83% 32.95% -31.13% 31.05% 35.34% 33.33% 33.21% 7.7% 37.61% 26.87% 27.38% 13.98% -
EPS 2 - - - 0.0900 0.0950 0.1100 - 0.0800 -0.0840 - - - - - 0.0951 0.1023 0.1002 0.0539 -
Dividend per Share 2 - 0.1000 - 0.1572 - 0.1048 - - 0.1651 - - 0.1100 - 0.1692 0.0726 0.0726 0.0726 0.0726 0.0748
Announcement Date 30/07/20 29/07/21 04/11/21 17/03/22 12/05/22 27/07/22 27/07/22 10/11/22 16/03/23 11/05/23 27/07/23 27/07/23 09/11/23 14/03/24 16/05/24 - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 11,923 12,892 14,021 11,923 15,270 17,550 18,425 19,021
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.497 x 5.868 x 6.232 x 5.33 x 6.318 x 6.39 x 6.478 x 6.302 x
Free Cash Flow 1 498 431 94 2,787 -1,730 -1,432 -90 379
ROE (net income / shareholders' equity) 17.9% 17.3% 17.8% 15.9% 15% 15.5% 15.3% 15.4%
ROA (Net income/ Total Assets) 4.69% 4.43% 4.61% 3.91% 4.94% 3.3% 3.37% 3.47%
Assets 1 23,224 24,871 32,448 17,180 22,983 36,680 36,466 36,298
Book Value Per Share 2 1.890 1.980 2.200 2.210 2.280 2.370 2.410 2.490
Cash Flow per Share 2 0.4500 0.4800 0.4000 1.220 -0.0400 0.6500 0.7300 0.7200
Capex 1 988 1,166 1,244 1,322 1,796 2,966 2,524 2,182
Capex / Sales 37.07% 42.09% 37.73% 37.61% 41.88% 68.9% 55.76% 46.03%
Announcement Date 19/03/20 18/03/21 17/03/22 16/03/23 14/03/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
4.121 EUR
Average target price
4.978 EUR
Spread / Average Target
+20.79%
Consensus