Company Valuation: Snam S.p.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 17,332 15,173 15,607 14,343 18,972 19,575 - -
Change - -12.46% 2.86% -8.1% 32.27% 3.17% - -
Enterprise Value (EV) 1 31,353 27,096 30,877 30,581 36,481 38,736 39,983 41,539
Change - -13.58% 13.95% -0.96% 19.29% 6.18% 3.22% 3.89%
P/E 11.8x 22.5x 13.8x 11.5x 15.4x 13.6x 13.3x 12.6x
PBR 2.41x 2.05x 2.04x 1.61x 2.05x 2.04x 1.97x 1.89x
PEG - -0.4x 0.2x 1.1x -11.49x 0.8x 5.62x 2.05x
Capitalization / Revenue 5.26x 4.32x 3.64x 4.02x 4.88x 4.84x 4.59x 4.41x
EV / Revenue 9.51x 7.71x 7.2x 8.57x 9.39x 9.58x 9.38x 9.35x
EV / EBITDA 13.9x 12.1x 12.8x 11.1x 12.3x 12.4x 12.1x 12x
EV / EBIT 21.9x 19.9x 20.9x 17.6x 19.8x 19.9x 19.3x 18.9x
EV / FCF 334x 9.72x -17.8x -30.6x -132x -242x -256x -81.3x
FCF Yield 0.3% 10.3% -5.6% -3.27% -0.76% -0.41% -0.39% -1.23%
Dividend per Share 2 0.262 0.2751 0.282 0.2905 0.3021 0.313 0.3277 0.3399
Rate of return 4.94% 6.08% 6.06% 6.79% 5.34% 5.37% 5.62% 5.83%
EPS 2 0.448 0.201 0.338 0.373 0.368 0.4273 0.4374 0.4644
Distribution rate 58.5% 137% 83.4% 77.9% 82.1% 73.2% 74.9% 73.2%
Net sales 1 3,297 3,515 4,288 3,568 3,885 4,043 4,261 4,440
EBITDA 1 2,250 2,237 2,417 2,753 2,969 3,120 3,298 3,475
EBIT 1 1,430 1,364 1,477 1,734 1,845 1,948 2,071 2,193
Net income 1 1,496 671 1,135 1,259 1,270 1,438 1,470 1,570
Net Debt 1 14,021 11,923 15,270 16,238 17,509 19,161 20,409 21,965
Reference price 2 5.300 4.527 4.655 4.277 5.656 5.832 5.832 5.832
Nbr of stocks (in thousands) 3,270,216 3,351,746 3,352,756 3,353,613 3,354,396 3,356,413 - -
Announcement Date 3/17/22 3/16/23 3/14/24 4/10/25 3/5/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
12.48x1.15x7.33x6.46% 72.93B
13.48x9.52x12.34x5.43% 22.54B
28.41x12.64x14.01x2.65% 13.52B
28.06x6.76x16.23x1.82% 3.81B
15.17x6.84x13.66x5.11% 2.54B
Average 19.52x 7.38x 12.71x 4.29% 23.07B
Weighted average by Cap. 15.12x 4.44x 9.52x 5.63%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield