Relative Value

The Relative Value of one SRG stock under the Base Case scenario is 7.683 EUR. Compared to the current market price of 5.058 EUR, Snam SpA is Undervalued by 34%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

SRG Relative Value
Base Case
7.683 EUR
Undervaluation 34%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
28
vs Industry
30
Median 3Y
3.4
Median 5Y
4.5
Industry
1.7
Forward
4.2
vs History
6
vs Industry
56
Median 3Y
11.8
Median 5Y
11.4
Industry
14.9
Forward
12.6
vs History
39
vs Industry
29
Median 3Y
8.3
Median 5Y
8.9
Industry
6.8
vs History
0
vs Industry
41
Median 3Y
13.2
Median 5Y
7.2
Industry
14
vs History
79
vs Industry
28
Median 3Y
2
Median 5Y
2
Industry
1.4
vs History
15
vs Industry
22
Median 3Y
6.2
Median 5Y
8.1
Industry
2.8
Forward
7.8
vs History
25
vs Industry
32
Median 3Y
10.6
Median 5Y
10.7
Industry
7.4
vs History
28
vs Industry
45
Median 3Y
10.3
Median 5Y
10.9
Industry
10.3
Forward
10.9
vs History
31
vs Industry
43
Median 3Y
15.4
Median 5Y
16.7
Industry
14.9
Forward
17.3
vs History
47
vs Industry
18
Median 3Y
16.3
Median 5Y
17.4
Industry
10.8
vs History
vs Industry
38
Median 3Y
-14.6
Median 5Y
14.1
Industry
16.9
vs History
66
vs Industry
26
Median 3Y
1
Median 5Y
1.1
Industry
0.9

Multiples Across Competitors

SRG Competitors Multiples
Snam SpA Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
IT
Snam SpA
MIL:SRG
17B EUR 4.8 13.5 11.6 18.2
ES
Naturgy Energy Group SA
MAD:NTGY
25.2B EUR 1.3 13.2 6.2 8.7
US
Atmos Energy Corp
NYSE:ATO
25.6B USD 4.8 18.4 13.4 18.5
HK
Hong Kong and China Gas Co Ltd
HKEX:3
132.7B HKD 2.4 23.3 14.5 20.8
IN
GAIL (India) Ltd
NSE:GAIL
1.2T INR 0.9 9.8 7.2 9.4
JP
Tokyo Gas Co Ltd
TSE:9531
1.8T JPY 0.7 19.9 7.2 20.2
JP
Osaka Gas Co Ltd
TSE:9532
1.5T JPY 0.7 15 9.4 21.3
CN
ENN Energy Holdings Ltd
HKEX:2688
69.2B HKD 0.6 10.8 6 8.2
CA
AltaGas Ltd
TSX:ALA
11.7B CAD 0.9 20.7 13.8 20.4
CN
ENN Natural Gas Co Ltd
SSE:600803
61.2B CNY 0.5 13.9 6.7 6.7
IN
Adani Total Gas Ltd
NSE:ATGL
696.9B INR 12.9 106.4 62.5 76.2