Snam stock
SRG.MIMILSnam S.p.A., UtilitiesISIN IT0003153415
57Score 57 out of 100, Neutral
Price and trend
57 / 100
Price history
+9.7% 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 0.8% above it.
Since August 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 69).
The price is 9.0% below its 52-week high. Largest decline in 20 years: 38% (February 2020 to March 2020).
Chart figures for advanced users
- SMA 50$6.41
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$6.82
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)69
- 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$6.03
- The lowest closing price of the last twelve months.
- Resistance$7.55
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Snam S.p.A. belongs to the Regulated Gas industry (Italy) and, with a market value of $23.06B, is number 3 of 27 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $4.27B (up 8.6% year on year) and earnings of $1.41B (up 0.9%).
- For fiscal 2026, analysts expect on average revenue of $4.51B (up 5.5%) and adjusted earnings per share of $0.47 (up 2%).
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- MEQIRI Score 57 out of 100 (Neutral): rank 69 of 201 in Utilities, median 53.
- The P/E is 18.2 (Regulated Gas median 19.6, own median of recent years 14).
- Our model puts fair value at $6.94, with the price 1% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- High marginNet margin 29% over the last 12 months, Regulated Gas median 12.6%.Profitability 72
- Consistently profitableProfit in all 10 fiscal years from 2016 to 2025.Fundamentals 58
Weaknesses
- High debtDebt 2.74 times equity (latest quarter), Regulated Gas median 1.29.Stability 47
Its standout strength is profitability, while stability and growth hold the score back.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
The fundamentals are in the middle range.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among stocks ranked 101 to 1,000.
From 2016 to 2025, 13 in 100 such stocks fell 30% or more within a year, against a group average of 15 in 100.
What lowers it
- calm price action
Valuation
Valuation signal
Fairly valuedIn our model the price counts as cheap below $5.78 and expensive above $8.67 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $6.47 (cash-flow model) and $7.40 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 8.9%. At 9.9% the fair value would be $6.43, at 7.9% it would be $7.68.
Valuation metrics
Half from the dividend model, half from earnings times the industry P/E (19.6).
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 8.6% 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 65%, operating 47%, net 33%.
Debt & balance sheet
latest quarterDebt is elevated. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 18 Mar 2027in 125 days
- Last reported
- 11 Nov 2026EPS reported $0.21 (expected $0.12)above expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- $0.47−0.2%
- Revenue
- $4.51B+0.2%
- Earnings per share
- $0.48−1.2%
- Revenue
- $4.75B−0.4%
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.
Company outlook confirmed
Share price after the results: −2.4%Guidance confirmed: adjusted EBITDA of around EUR 3.1 billion, net income above EUR 1,450 million; net debt guidance slightly improved to EUR 18.9 billion.
“As for the full year 2026 guidance, we confirm adjusted EBITDA to reach around EUR 3.1 billion, driven by RAB growth, OLT consolidation, and the full year contribution of Società Gasdotti Adriatica and Ravenna FSRU.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 29 Jul 2026 (fiscal Q2 2026), read by AI.
What happened at Snam
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
201 rated companies in Utilities
- This company
- 57
- Sector median
- 53
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 Regulated Gas
The next larger and next smaller companies by market value
- Naturgy Energy GroupNTGY.MC $31.47B69
- Atmos EnergyATO $29.73B58
- NiSourceNI $21.96B50
- Hong Kong and China Gas0003.HK $17.53B57
- Osaka Gas9532.T $13.92B63
- Tokyo Gas9531.T $13.57B70
- GAIL (India)GAIL.NS $13.13B67
- AltaGasALA.TO $12.22B51
ETFs that hold Snam
Held by 129 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| Amundi STOXX Europe 600 Energy ESG Screened UCITS ETFOIGS | 3.33% | 0.30% | €266.34M |
| Deka EURO STOXX Select Dividend 30 UCITS ETFEL4G | 2.44% | 0.32% | €355.03M |
| Amundi Euro Stoxx Select Dividend30 UCITS ETF DistC051 | 2.43% | 0.25% | €139.72M |
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| iShares Euro Dividend UCITS ETF EUR DistIQQA | 2.42% | 0.40% | €1.67B |
| Deka EURO iSTOXX ex Fin Dividend+ UCITS ETFELFC | 2.40% | 0.31% | €386.85M |
| Invesco EURO STOXX High Dividend Low Volatility UCITS ETFEHDV | 2.32% | 0.30% | €592.28M |
| UBS Factor MSCI EMU Low Volatility UCITS ETF EUR disUIMY | 1.97% | 0.25% | €9.28M |
| State Street SPDR MSCI Europe Utilities UCITS ETFSPYU | 1.96% | 0.18% | €724.55M |
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 Fairly valued 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.