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SRG.MI

Snam S.p.A.

About the company

Utilities company listed on Borsa Italiana. Business description not available yet.

Market price
EUR 6.16
Price within modeled range
Base value (EPS-based Gordon proxy) is 1.9% below the market price
Relative 5-year outlook: 9.2% per year · ranking aid, not a predicted return. Forecast details
Data: Price update date unknown; FY2025, period ended 31 Dec 2025 from Yahoo Finance (downloaded 2 days ago).
Model comparison

Price within modeled range

PriceEUR 6.16
Modeled value rangeEUR 4.56–7.16base 6.04
Estimate reliabilityHigh
Relative 5-year outlook9.2% / yrRanking aid, not a predicted return

Why: Dividends are a large share of earnings, so the cash paid to shareholders is the best guide to value.

The range depends on model assumptions and data; it is not a prediction or investment advice.

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EPS-based Gordon proxy

Market price within modeled range

Showing the EPS-based Gordon proxy you selected on the company card, using 4.18% growth, 2.2% terminal growth and 8.6% discount. The range varies these assumptions slightly; it is illustrative, not investment advice.

Assumptions: growth 4.18%, discount rate 8.60%, terminal growth 2.20% (sector defaults). See a worked example.

Blended growth assumption: 4.2% (sector default 4.0%, own revenue history 3.3%, analyst revenue consensus 4.7%).

5-year outlook: relative outlook of about 9.2% a year (High confidence), anchored to a 7% market return and adjusted for how this company ranks against others. A ranking aid, not a prediction. See the full forecast.

Analyst consensus expects revenue growth of 4.7% a year; the growth assumption used is 4.2%.

Adjust assumptions

Show the recommended model instead

Why this model: Dividends are a large share of earnings, so the cash paid to shareholders is the best guide to value.

Compare models
  • Recommended: Dividend discount model — EUR 4.64 (-24.7%)
  • EPS-based Gordon proxy — EUR 6.04 (-1.9%)
    Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
  • DCF (trailing free cash flow) — not applicable
    Not used: Cannot be computed: free cash flow is zero or negative.
  • FCFF (steady state) — not applicable
    Not used: Cannot be computed: free cash flow is zero or negative.
  • EV/EBITDA (12x) — EUR 6.34 (+2.9%)
    Not used: Used only when free cash flow is far below earnings even after averaging three years; a fixed 12x multiple also ignores sector differences.
  • Fade DCF (10-year growth fade) — not applicable
    Not used: Cannot be computed: free cash flow is zero or negative.
  • EV/Sales (Rule of 40) — EUR 12.00 (+94.9%)
    Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
Illustrative range / share EUR 4.56–7.16
Base scenario / share EUR 6.04
Margin of safety (share of value) Price between the base and bull cases
Bear EUR 4.56-35.1%
Base EUR 6.04-1.9%
Bull EUR 7.1614.0%

Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.

Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.

Price history and fair value

No chartable saved daily price history is available for this range. The chart uses stored EODHD prices only and will appear after history is saved.

Latest news

Headlines provided by EODHD. Articles may mention multiple companies and are not investment recommendations.

More detail: quality, peers, price history, dividends and financials

Quality score: 60 / 100

Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.

Profitability5 of 5 years profitable20 / 20
Cash generationfree cash flow positive in 2 of 5 years8 / 20
Growthrevenue +3.2% a year12 / 20
Balance sheetnet debt 6.3x EBITDA0 / 20
MarginsEBITDA margin 76%20 / 20

Peers in Utilities

Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.

CompanyPriceMargin of safetyP/EP/BYieldQuality
SRG.MI (this company) EUR 6.16 -27.7% 18.0 – 4.9% 60
ED Consolidated Edison USD 121.44 29.8% 20.3 1.7 2.7% 78
ENGI.PA Engie SA EUR 24.20 15.2% 16.0 1.9 7.4% 76
FORTUM.HE Fortum Oyj EUR 23.20 -3.8% 25.8 2.6 6.0% 72
D Dominion Energy USD 69.64 -5.5% 22.7 2.1 3.8% 76
CMS CMS Energy USD 70.68 -6.5% 25.4 2.3 3.2% 64
CNA.L Centrica plc GBP 1.51 -6.6% – 2.3 3.3% 92
NTGY.MC Naturgy Energy Group, S.A. EUR 29.54 -10.6% 14.2 3.1 5.9% 70
EIX Edison International USD 60.88 -11.3% 6.4 1.3 5.6% 52
Peer median 20.3 2.2
Sector Utilities
Exchange Borsa Italiana
Currency EUR

Annual financial statement

Saved annual report · Fiscal year 2025 · Yahoo Finance annual statements · period ended 31 Dec 2025

RevenueEUR 3,852,000,000
EBITDAEUR 3,231,000,000
EBITEUR 2,129,000,000
Net incomeEUR 1,270,000,000
Free cash flowEUR -21,000,000
Capital expendituresEUR -2,709,000,000
DebtEUR 19,535,000,000
CashEUR 2,041,000,000
Working capitalEUR -3,078,000,000
Shares outstanding3,355,791,415
Reported dividends per shareEUR 0.2905