Snam SpA
MIL:SRG

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Snam SpA
MIL:SRG
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Price: 6.726 EUR 1.72% Market Closed
Market Cap: €22.6B

EV/IC

1.1
Current
10%
More Expensive
vs 3-y average of 1

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
1.1
=
Enterprise Value
€36.5B
/
Invested Capital
€34.4B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
1.1
=
Enterprise Value
€36.5B
/
Invested Capital
€34.4B

Valuation Scenarios

Snam SpA is trading above its 3-year average

If EV/IC returns to its 3-Year Average (1), the stock would be worth €6.13 (9% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-14%
Maximum Upside
No Upside Scenarios
Average Downside
10%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 1.1 €6.73
0%
3-Year Average 1 €6.13
-9%
5-Year Average 1 €6.35
-6%
Industry Average 0.9 €5.8
-14%
Country Average 0.9 €5.89
-12%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close

Market Distribution

In line with most companies in Italy
Percentile
58th
Based on 905 companies
58th percentile
1.1
Low
0.1 — 0.6
Typical Range
0.6 — 1.3
High
1.3 —
Distribution Statistics
Italy
Min 0.1
30th Percentile 0.6
Median 0.9
70th Percentile 1.3
Max 102.2

Snam SpA
Glance View

In the dynamic world of energy infrastructure, Snam SpA stands out as a stalwart with a rich heritage dating back to 1941. As one of Europe’s leading energy infrastructure companies, Snam has carved its niche by focusing primarily on the transmission and storage of natural gas. The company operates a vast network across Italy, which forms the backbone of its operations, transporting natural gas efficiently across the country. This infrastructure mastery is not just limited to domestic terrains; Snam ambitiously extends its reach through strategic international investments, enhancing its influence in the broader European energy market. The core of Snam’s business operations involves maintaining and expanding its extensive pipeline network, which ensures a steady flow of revenue through tariffs and fees levied on the transportation of natural gas. Financially, Snam thrives by tapping into the growing demand for cleaner energy solutions, positioning itself favorably in a world increasingly turning away from coal and oil. It generates significant income from long-term contracts with utility companies, offering consistent and predictable cash flows. Moreover, Snam invests in future-forward initiatives like hydrogen and biomethane developments, aligning with global energy transition trends while diversifying its business model. This strategic pivot not only reinforces their commitment to sustainability but also sets the stage for potential new revenue streams. Through meticulous management and forward-thinking strategies, Snam continues to bolster its market position, demonstrating resilience and adaptability in an ever-evolving energy landscape.

SRG Intrinsic Value
4.617 EUR
Overvaluation 31%
Intrinsic Value
Price €6.726
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