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Snam SpA SRG

Morningstar Rating
€4.24 +0.03 (0.67%)
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Company Report

Price vs Fair Value

SRG is trading at a 9% discount.
Price
€4.25
Fair Value
€1.60
Uncertainty
Low
1-Star Price
€3.62
5-Star Price
€9.65
Economic Moat
Hcgs
Capital Allocation
Swwhpdvn

Bulls Say, Bears Say

Bulls

Snam has high earnings and dividend visibility as its main businesses earn regulated returns.

Bears

Investments in the energy transition do not strengthen the company’s moat, especially in biomethane and carbon capture and storage.

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News

Trading Information

Previous Close Price
€4.21
Day Range
€4.184.25
52-Week Range
€4.185.18
Bid/Ask
€4.24 / €4.24
Market Cap
€14.22 Bil
Volume/Avg
2.6 Mil / 7.6 Mil

Key Statistics

Price/Earnings (Normalized)
12.25
Price/Sales
3.30
Dividend Yield (Trailing)
6.56%
Dividend Yield (Forward)
6.56%
Total Yield
6.56%

Company Profile

Snam operates a network of about 38,000 kilometers of natural gas pipelines in Italy and abroad. It also holds 17.1% of European gas storage capacity and 6.5 billion cubic meters of LNG regasification capacity. Snam is investing in hydrogen, biofuels, carbon capture and storage, and energy efficiencies to prepare for the energy transition. Snam became independent from Eni in 2012 after the latter sold its stake to Cassa Depositi e Prestiti, a financial institution controlled by the Ministry of Economy and Finance.
Sector
Utilities
Industry
Utilities - Regulated Gas
Stock Style Box
Large Value
Total Number of Employees
3,798

Competitors

Valuation

Metric
SRG
PPL
ED
Price/Earnings (Normalized)
12.2517.5817.95
Price/Book Value
1.851.381.43
Price/Sales
3.302.312.08
Price/Cash Flow
6.0210.128.01
Price/Earnings
SRG
PPL
ED

Financial Strength

Metric
SRG
PPL
ED
Quick Ratio
0.590.77
Current Ratio
0.130.881.01
Interest Coverage
7.132.343.94
Quick Ratio
SRG
PPL
ED

Profitability

Metric
SRG
PPL
ED
Return on Assets (Normalized)
3.27%3.08%2.34%
Return on Equity (Normalized)
10.19%8.47%7.31%
Return on Invested Capital (Normalized)
4.30%5.87%5.33%
Return on Assets
SRG
PPL
ED
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Capital Allocation
Economic Moat
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SNMRF
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SNMRY
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HOKCF
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