Saipem stock
SPM.MIMILSaipem S.p.A., EnergyISIN IT0005495657
58Score 58 out of 100, Neutral
Price and trend
59 / 100
Price history
+84% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 2.3% above it.
Since July 2025 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 41).
The price is 11% below its 52-week high. Largest decline in 20 years: 100% (September 2012 to September 2022).
Chart figures for advanced users
- SMA 50$4.86
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$4.62
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)41
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$2.50
- The lowest closing price of the last twelve months.
- Resistance$5.34
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Saipem S.p.A. belongs to the Oil & Gas Equipment & Services industry (Italy) and, with a market value of $9.18B, is number 8 of 52 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $17.17B (up 6.5% year on year) and earnings of $345.73M (up 2%).
- For fiscal 2026, analysts expect on average revenue of $17.32B (up 0.9%) and adjusted earnings per share of $0.17.
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- MEQIRI Score 58 out of 100 (Neutral): rank 145 of 266 in Energy, median 60.
- The P/E is 31 (Oil & Gas Equipment & Services median 24.8, own median of recent years 16).
- Our model puts fair value at $17.59, with the price 73% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Earnings turn into cashFree cash flow 456% of earnings over the last 12 months.Fundamentals 56
- Below fair valuePrice 73% below the fair value of $17.59.Valuation 83
Weaknesses
- High debtDebt 1.29 times equity (latest quarter), Oil & Gas Equipment & Services median 0.59.Stability 51
Its standout strength is valuation, while profitability holds the score back.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 59 to 58.
The fundamentals are in the middle range.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk high
How well MEQIRI warnsOne of the 30% with the highest crash risk among smaller stocks.
From 2016 to 2025, 36 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- cyclical sector (energy or materials), as a group, crashed more often in the backtest
- price up very strongly over the past year
Valuation
Valuation signal
Significantly undervaluedIn our model the price counts as cheap below $12.57 and expensive above $29.32 (uncertainty high, one part of the fair value is more than twice the other).
The two parts of the fair value come to $31.40 (cash-flow model) and $3.78 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 10.2%. At 11.2% the fair value would be $15.35, at 9.2% it would be $20.64.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (24.8).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Jun 2026, revenue rose 2% on the twelve months before. Revenue has grown solidly since 2006, at about 4% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 12%, operating 5%, net 2%.
Debt & balance sheet
latest quarterDebt is elevated. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 18 Nov 2026in 5 days
- Last reported
- 28 Jul 2026EPS reported $0.03 (expected $0.06)below expectations
Analyst estimates
Analysts have cut their 2026 earnings estimate by 4.0% since 15 Oct 2026. Falling estimates often precede bad news.
- Earnings per share
- $0.17−4.0%
- Revenue
- $17.32B+0.1%
- Earnings per share
- $0.33−1.9%
- Revenue
- $17.85B+0.5%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
What happened at Saipem
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
266 rated companies in Energy
- This company
- 58
- Sector median
- 60
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Oil & Gas Equipment & Services
The next larger and next smaller companies by market value
- HalliburtonHAL $27.1B63
- TechnipFMCFTI $25.24B67
- Yantai Jereh Oilfield Services Group002353.SZ $12.56B64
- Subsea 7SUBC.OL $9.79B70
- China Oilfield Services601808.SS $8.79B60
- Gaztransport & TechnigazGTT.PA $7.67B81
- Technip EnergiesTE.PA $6.77B63
- NOVNOV $6.35B50
ETFs that hold Saipem
Held by 49 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| Deka EURO iSTOXX ex Fin Dividend+ UCITS ETFELFC | 1.46% | 0.31% | €386.85M |
| Amundi STOXX Europe 600 Energy ESG Screened UCITS ETFOIGS | 1.44% | 0.30% | €266.34M |
| UBS MSCI EMU Small Cap UCITS ETF EUR disUEFD | 1.12% | 0.28% | €630.46M |
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| Amundi MSCI EMU Small Cap ESG Broad Transition UCITS ETF DISTLGWU | 1.10% | 0.40% | €580.62M |
| Xtrackers FTSE MIB UCITS ETF 1DDBXI | 0.77% | 0.30% | €99.81M |
| WisdomTree Eurozone Quality Dividend Growth UCITS ETF EUR AccWTIM | 0.77% | 0.29% | €49.19M |
| Ossiam Europe ESG Machine LearningOSX4 | 0.73% | 0.65% | €68.34M |
| iShares EURO STOXX Mid UCITS ETFIQQM | 0.68% | 0.40% | €560.15M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = €0.9024)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 30 Apr 2024)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.