Why is SNAM SpA ?
1
Weak Long Term Fundamental Strength as the company has not declared results in the last 6 months
- The company is Net-Debt Free
2
Flat results in Dec 25
- INVENTORY TURNOVER RATIO(HY) Lowest at 0.62 times
3
With ROE of 14.54%, it has a Expensive valuation with a 2.56 Price to Book Value
- Over the past year, while the stock has generated a return of 18.73%, its profits have risen by 30.6% ; the PEG ratio of the company is 0.6
- At the current price, the company has a high dividend yield of 159.6
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Gas)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is SNAM SpA for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
SNAM SpA
16.04%
1.16
16.01%
Italy FTSE MIB
27.29%
1.54
16.37%
Quality key factors
Factor
Value
Sales Growth (5y)
9.19%
EBIT Growth (5y)
22.77%
EBIT to Interest (avg)
5.53
Debt to EBITDA (avg)
4.55
Net Debt to Equity (avg)
2.21
Sales to Capital Employed (avg)
0.16
Tax Ratio
39.48%
Dividend Payout Ratio
79.79%
Pledged Shares
0
Institutional Holding
0.00%
ROCE (avg)
10.76%
ROE (avg)
16.23%
Valuation Key Factors 
Factor
Value
P/E Ratio
18
Industry P/E
Price to Book Value
2.56
EV to EBIT
11.28
EV to EBITDA
9.17
EV to Capital Employed
1.48
EV to Sales
10.43
PEG Ratio
0.58
Dividend Yield
159.59%
ROCE (Latest)
13.13%
ROE (Latest)
14.54%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
No Signal
Bearish
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
No Trend
No Trend
OBV
Bullish
Bullish
Technical Movement
5What is working for the Company
OPERATING CASH FLOW(Y)
Highest at EUR 4,502 MM
RAW MATERIAL COST(Y)
Fallen by -68.97% (YoY
DIVIDEND PER SHARE(HY)
Highest at EUR 0.96
-1What is not working for the Company
INVENTORY TURNOVER RATIO(HY)
Lowest at 0.62 times
Here's what is working for SNAM SpA
Operating Cash Flow
Highest at EUR 4,502 MM and Grown
In each year in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (EUR MM)
Dividend per share
Highest at EUR 0.96
in the last five yearsMOJO Watch
Company is distributing higher dividend from profits generated
DPS (EUR)
Raw Material Cost
Fallen by -68.97% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Depreciation
Highest at EUR 582 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (EUR MM)
Depreciation
At EUR 582 MM has Grown at 6.59%
period on period (QoQ)MOJO Watch
The expenditure on assets done by the company has gone into productive use which should positively reflect in the future sales
Depreciation (EUR MM)
Here's what is not working for SNAM SpA
Inventory Turnover Ratio
Lowest at 0.62 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio






