Snam S.p.A. SRG.MI
Composite 50/100; the shares have moved about 17% annualised. Names that move more contribute more risk for the same amount invested, and our composite reflects how strong the evidence for this one is right now.
Balance-sheet strength ranks 14/100 — a strong mark against it.
Income ranks 73/100 — a moderate point in its favour. Quality ranks 70/100 — a moderate point in its favour. Growth ranks 69/100 — a moderate point in its favour.
Balance-sheet strength ranks 14/100 — a strong mark against it. Momentum ranks 42/100 — a slight mark against it. Valuation ranks 45/100 — a slight mark against it.
What the company does Snam S.p.A. operates and manages Italy’s gas transport and storage infrastructure, including a 38,000 km network across six countries. It also runs LNG regasification plants, invests in biomethane, and provides energy-efficiency solutions for industrial and public sectors.
Key financials Snam reports strong profitability with gross 86.5%, operating 48.2%, and net 27.4% margins. ROE is 11.2% and ROA 4.1%, supported by stable regulated revenues. Debt/Equity is 1.93x, and the dividend yield is 4.9% with a payout ratio of 82.3%.
Stock health The stock shows mixed momentum: down 6.83% over 3m but up 25.99% over 12m. RSI(14) is 40.40, indicating neither overbought nor oversold conditions. Quality scores are high (68.7), but growth (39.2) and strength (9.6) trail peers.
Price vs fair value The stock trades at a discount to both fair value and analyst targets. - Price is at a 9.50% discount to our fair-value estimate of 6.67 (fair-value estimate) - Price is at a 6.67% discount to the 12-month target of 6.50 based on 20 analysts (analyst count 20.0) - H1 2026 earnings call highlights strong EBITDA growth and strategic positioning (GuruFocus.com)
Looking forward Forward P/E of 13.71 and PEG of 0.64 suggest undemanding valuation versus growth. Biomethane expansion and energy-efficiency contracts may support future earnings. Dividend sustainability hinges on maintaining payout near 82%.
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Data as of 2026-09-03, compiled from third-party sources; errors and delays are possible and figures are not warranted. Investing puts your capital at risk; past performance does not predict future results. We publish our full track record, including the calls that lost, and our conflicts of interest.