Saipem (SPE) AI Stock Analysis
Saipem
(Frankfurt:SPE)
No summary available
Saipem (SPE) vs. iShares MSCI Germany ETF (EWG)
- Market Cap
- EUR 9.60B
- Dividend Yield
- 3.77%
- Average Volume (3M)
- ―
- Price to Earnings (P/E)
- 32.8
- Beta (1Y)
- 0.21
- Revenue Growth
- 1.88%
- EPS Growth
- -18.51%
- Country
- Germany
- Employees
- 30,409
- Sector
- Energy
- Sector Strength
- 65
- Industry
- Oil & Gas Equipment & Services
Saipem Business Overview & Revenue Model
Company Description
Saipem SpA provides energy and infrastructure solutions worldwide. It operates through Asset Based Services, Offshore Drilling, and Energy Carriers segments. The company offers development of subsea fields and pipelaying; installation and lifting of...
Saipem Earnings Call Summary
The earnings call reflects a strong performance in Q3 2024, with significant achievements in order intake, revenue growth, and cash flow generation. While there are challenges related to the temporary suspension in Saudi Arabia and legacy onshore projects, the company's upgraded guidance and robust backlog provide a positive outlook.
Q3-2024 Updates
Positive Updates
Negative Updates
Company Guidance
In the recent earnings call, Saipem executive Alessandro Puliti provided a robust outlook for the company's performance in 2024. For the third quarter, Saipem achieved the highest quarterly order intake since Q2 2019, with revenues reaching €3.7 billion, marking a 23% year-on-year increase. The company also reported an EBITDA of €340 million, reflecting a 48% year-on-year growth. The EBITDA margin improved by 40 basis points to 9.2%, supported by the E&C and drilling offshore activities. Saipem's net cash flow generation stood at €115 million, with a significant order intake of €6.4 billion, leading to a record high backlog of €33 billion. Based on these strong results, Saipem upgraded its 2024 guidance, expecting revenues to exceed €14 billion and EBITDA to surpass €1.3 billion, driven by the performance in offshore E&C and despite some impact from the temporary suspension of operations in Saudi Arabia.
Saipem Peers Comparison
Overall Rating
FTI77Outperform
BKR69Neutral
HAL66Neutral
SLB66Neutral
NOV59Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| FTI | 77Outperform | $26.74B | 21.23 | 38.54% | 0.29% | 7.95% | 42.53% |
| BKR | 69Neutral | $54.85B | 18.85 | 14.83% | 1.67% | 3.71% | 0.14% |
| HAL | 66Neutral | $29.92B | 15.13 | 18.46% | 1.88% | 1.53% | 58.46% |
| SLB | 66Neutral | $79.32B | 25.84 | 11.77% | 2.18% | 4.57% | -20.58% |
| Sector * | 65Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
| NOV | 59Neutral | $6.88B | 48.23 | 2.31% | 2.26% | -0.96% | -59.98% |
* Energy Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| DE:SPE | Saipem Spa | 0.88 | 0.46 | 109.52% | |
| BKR | Baker Hughes Company | 55.23 | 7.34 | 15.32% | |
| FTI | TechnipFMC | 68.77 | 26.81 | 63.89% | |
| HAL | Halliburton Company | 36.17 | 9.53 | 35.77% | |
| NOV | NOV Inc. | 19.29 | 4.57 | 31.09% | |
| SLB | SLB N.V. | 53.74 | 17.60 | 48.72% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.