Snam SpA (SNM0) Price & Analysis
SNM0 Stock Chart & Stats
- Day’s Range
- EUR 12.20 - EUR 12.20
- 52-Week Range
- EUR 10.60 - EUR 13.80
- Previous Close
- EUR 12.30
- Volume
- 0
- Average Volume (3M)
- 0
- Market Cap
- EUR 20.67B
- Enterprise Value
- EUR 47.03B
- Total Cash (Recent Filing)
- EUR 2.94B
- Total Debt (Recent Filing)
- EUR 22.80B
- Price to Earnings (P/E)
- 18.1
- Beta
- 0.12
- Next Earnings
- Nov 11, 2026
- EPS Estimate
- N/A
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 4.82%
Bulls Say, Bears Say
Bulls Say
Regulated Infrastructure Earnings
Snam’s core activities rely on regulated tariffs and service availability rather than direct commodity-price exposure. This business model supports recurring revenue, improves earnings visibility, and provides a durable foundation for funding infrastructure investment over the next several quarters.
Resilient Profitability And Guidance
Strong H1 EBITDA and confirmed full-year guidance indicate that Snam is executing against its operating plan despite changes in the asset perimeter. Sustained profitability can support investment, dividends and financial resilience while reinforcing confidence in recurring earnings power.
Diversified LNG And Storage Infrastructure
Growing LNG infrastructure and long-term contracted Ravenna capacity broaden Snam’s import platform and improve revenue visibility. High storage filling targets also strengthen the strategic value of its network, supporting Italy’s supply resilience and demand for these services.
Bears Say
High And Rising Leverage
Elevated and increasing debt reduces financial flexibility and makes Snam more sensitive to refinancing conditions and interest costs. Although the regulated asset base supports earnings, high leverage can constrain investment choices and weaken the balance sheet’s ability to absorb adverse developments.
Weak Free-cash-flow Durability
Repeated negative free cash flow suggests that earnings have not consistently translated into cash after investment spending. This can increase reliance on debt or other financing sources, limit internal funding capacity, and make it harder to reduce leverage while pursuing infrastructure expansion.
Regulatory Remuneration Uncertainty
Potential changes to regulatory methodology and work-in-progress remuneration could affect the returns earned on future projects and the value of invested capital. Until the framework is settled, planning visibility is lower and regulated earnings growth may face greater policy-related uncertainty.
Snam SpA News
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Snam SpA Stock Smart Score
Company Description
Snam SpA
Snam S.p.A., together with its subsidiaries, engages in the operation of natural gas transport and storage infrastructure. It operates through Natural gas transportation; Natural gas storage; LNG regasification; and Market solutions segments. The company offers natural gas transportation and dispatching services; and owns and manages liquified natural gas (LNG) regasification plants. It also provides natural gas storage services through an integrated group of infrastructure comprising deposits, wells, gas treatment and compression plants, and the operational dispatching systems; and operates storage concessions located in Lombardy, Emilia-Romagna, and Abruzzo. In addition, the company offers energy efficiency solutions for companies, condominiums, tertiary, and public administration sectors; and invests, constructs, develops, and operates biogas and biomethane plants. Further, the company provides technical consulting services; and sells automotive compressed natural gas (CNG) compressors. It operates a natural gas transportation network of approximately 38,000 kilometers in Italy, Austria, the United Arab Emirates, France, Greece, and the United Kingdom. The company was formerly known as Snam Rete Gas S.p.A. and changed its name to Snam S.p.A. in January 2012. Snam S.p.A. was founded in 1941 and is headquartered in Milan, Italy.
- Sector
- Utilities
- Industry
- Regulated Gas
- CEO
- Agostino Scornajenchi
- Employees
- 4,008
- Website
- www.snam.it
- Address
- Via Vezza d'Oglio, 6, Milan, MI, 20139, IT
Snam SpA (SNM0) Earnings & Revenues
SNM0 Company Deck
SNM0 Earnings Call
Earnings Call SentimentPositive
The call presents a predominantly positive operational and financial picture: solid adjusted EBITDA growth, resilient associate performance, strong cash generation, successful green and sustainability‑linked financing, improved credit metrics, and well‑advanced storage and strategic projects (LNG, CCS, biomethane). Challenges noted are largely manageable or non‑recurring (OLT and Italgas transactions driving higher net debt in the period), together with regulatory uncertainty (seventh gas period / ROSS evolution), macro and geopolitical price volatility, modest increases in D&A, financial charges and taxes, and concerns about current remuneration for LNG. On balance the positives — recurring earnings growth, clear guidance confirmation, financing success and storage readiness for winter — outweigh the negatives, which are mostly either transitional, regulatory or macro risk factors.
View all DE:SNM0 earnings summariesTechnical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 15 | 1 | 5 |
| Technical Analysis | 3 | 1 | 5 |
| Moving Averages | 12 | 0 | 0 |