Saipem SpA
Saipem SpA provides energy and infrastructure solutions worldwide. It operates through Asset Based Services, Offshore Drilling, and Energy Carriers segments. The company offers development of subsea fields and pipelaying; installation and lifting of offshore structures; engages in engineering, implementation, installation, maintenance, modification, and decommissioning activities, as well as offs… Read more
Saipem SpA (SAPMF) - Net Assets
Latest net assets as of June 2025: $2.61 Billion USD
Based on the latest financial reports, Saipem SpA (SAPMF) has net assets worth $2.61 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($13.89 Billion) and total liabilities ($11.28 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.61 Billion |
| % of Total Assets | 18.78% |
| Annual Growth Rate | 3.07% |
| 5-Year Change | -14.38% |
| 10-Year Change | -28.28% |
| Growth Volatility | 105.82 |
Saipem SpA - Net Assets Trend (2002–2024)
This chart illustrates how Saipem SpA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Saipem SpA (2002–2024)
The table below shows the annual net assets of Saipem SpA from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.52 Billion | +5.34% |
| 2023-12-31 | $2.40 Billion | +14.86% |
| 2022-12-31 | $2.09 Billion | +494.30% |
| 2021-12-31 | $351.00 Million | -88.09% |
| 2020-12-31 | $2.95 Billion | -28.53% |
| 2019-12-31 | $4.12 Billion | +2.21% |
| 2018-12-31 | $4.04 Billion | -12.24% |
| 2017-12-31 | $4.60 Billion | -5.85% |
| 2016-12-31 | $4.88 Billion | +38.82% |
| 2015-12-31 | $3.52 Billion | -15.77% |
| 2014-12-31 | $4.18 Billion | -11.93% |
| 2013-12-31 | $4.74 Billion | -14.57% |
| 2012-12-31 | $5.55 Billion | +15.14% |
| 2011-12-31 | $4.82 Billion | +16.10% |
| 2010-12-31 | $4.15 Billion | +18.86% |
| 2009-12-31 | $3.50 Billion | +25.81% |
| 2008-12-31 | $2.78 Billion | +20.84% |
| 2007-12-31 | $2.30 Billion | +45.05% |
| 2006-12-31 | $1.58 Billion | -3.53% |
| 2005-12-31 | $1.64 Billion | +9.75% |
| 2004-12-31 | $1.50 Billion | +7.62% |
| 2003-12-31 | $1.39 Billion | +7.08% |
| 2002-12-31 | $1.30 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Saipem SpA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 8.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $631.00 Million | 25.00% |
| Common Stock | $502.00 Million | 19.89% |
| Other Components | $1.39 Billion | 55.11% |
| Total Equity | $2.52 Billion | 100.00% |
Saipem SpA Competitors by Market Cap
The table below lists competitors of Saipem SpA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
De Grey Mining Ltd
PINK:DGMLF
|
$2.48 Billion |
|
EDP Renovaveis
PINK:EDRVF
|
$2.48 Billion |
|
Jinduicheng Molybdenum Co Ltd
SHG:601958
|
$2.49 Billion |
|
Kansai Paint Co. Ltd
PINK:KSANF
|
$2.49 Billion |
|
Shanghai Oriental Pearl Media Co Ltd
SHG:600637
|
$2.48 Billion |
|
Taichung Commercial Bank Co Ltd
TW:2812
|
$2.48 Billion |
|
Perpetua Resources Corp
NASDAQ:PPTA
|
$2.48 Billion |
|
ESR Cayman Limited
PINK:ESRCF
|
$2.48 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Saipem SpA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,394,000,000 to 2,524,000,000, a change of 130,000,000 (5.4%).
- Net income of 306,000,000 contributed positively to equity growth.
- Share repurchases of 65,000,000 reduced equity.
- Other comprehensive income decreased equity by 28,000,000.
- Other factors decreased equity by 83,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $306.00 Million | +12.12% |
| Share Repurchases | $65.00 Million | -2.58% |
| Other Comprehensive Income | $-28.00 Million | -1.11% |
| Other Changes | $-83.00 Million | -3.29% |
| Total Change | $- | 5.43% |
Book Value vs Market Value Analysis
This analysis compares Saipem SpA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.72x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.21x to 1.72x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $9.14 | $1.94 | x |
| 2003-12-31 | $9.64 | $1.94 | x |
| 2004-12-31 | $8.95 | $1.94 | x |
| 2005-12-31 | $11.59 | $1.94 | x |
| 2006-12-31 | $11.31 | $1.94 | x |
| 2007-12-31 | $16.39 | $1.94 | x |
| 2008-12-31 | $19.71 | $1.94 | x |
| 2009-12-31 | $24.64 | $1.94 | x |
| 2010-12-31 | $29.17 | $1.94 | x |
| 2011-12-31 | $33.82 | $1.94 | x |
| 2012-12-31 | $38.83 | $1.94 | x |
| 2013-12-31 | $33.43 | $1.94 | x |
| 2014-12-31 | $29.74 | $1.94 | x |
| 2015-12-31 | $24.98 | $1.94 | x |
| 2016-12-31 | $27.55 | $1.94 | x |
| 2017-12-31 | $21.66 | $1.94 | x |
| 2018-12-31 | $18.94 | $1.94 | x |
| 2019-12-31 | $18.96 | $1.94 | x |
| 2020-12-31 | $14.04 | $1.94 | x |
| 2021-12-31 | $1.65 | $1.94 | x |
| 2022-12-31 | $2.20 | $1.94 | x |
| 2023-12-31 | $1.19 | $1.94 | x |
| 2024-12-31 | $1.13 | $1.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Saipem SpA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.12%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.10%
- • Asset Turnover: 1.00x
- • Equity Multiplier: 5.75x
- Recent ROE (12.12%) is above the historical average (-27.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 14.98% | 6.03% | 0.70x | 3.54x | $63.50 Million |
| 2003 | 14.57% | 4.77% | 0.83x | 3.69x | $61.50 Million |
| 2004 | 13.32% | 4.65% | 0.83x | 3.44x | $49.10 Million |
| 2005 | 16.02% | 5.71% | 0.76x | 3.69x | $97.30 Million |
| 2006 | 24.48% | 5.15% | 0.79x | 6.03x | $228.90 Million |
| 2007 | 38.26% | 9.21% | 0.82x | 5.09x | $648.50 Million |
| 2008 | 33.80% | 9.23% | 0.72x | 5.08x | $656.30 Million |
| 2009 | 22.57% | 7.53% | 0.73x | 4.11x | $431.60 Million |
| 2010 | 22.02% | 8.01% | 0.74x | 3.70x | $488.00 Million |
| 2011 | 20.96% | 7.84% | 0.79x | 3.37x | $516.10 Million |
| 2012 | 16.69% | 6.75% | 0.78x | 3.18x | $361.50 Million |
| 2013 | -3.42% | -1.30% | 0.72x | 3.66x | $-624.20 Million |
| 2014 | -5.56% | -1.80% | 0.72x | 4.25x | $-643.70 Million |
| 2015 | -23.20% | -6.89% | 0.72x | 4.70x | $-1.15 Billion |
| 2016 | -42.89% | -21.10% | 0.69x | 2.94x | $-2.57 Billion |
| 2017 | -7.20% | -3.58% | 0.73x | 2.76x | $-783.80 Million |
| 2018 | -11.91% | -5.54% | 0.73x | 2.95x | $-868.20 Million |
| 2019 | 0.30% | 0.13% | 0.70x | 3.23x | $-391.20 Million |
| 2020 | -38.86% | -15.35% | 0.66x | 3.85x | $-1.43 Billion |
| 2021 | -756.75% | -37.79% | 0.57x | 35.40x | $-2.50 Billion |
| 2022 | -10.11% | -2.09% | 0.81x | 5.99x | $-415.80 Million |
| 2023 | 7.48% | 1.51% | 0.92x | 5.37x | $-60.40 Million |
| 2024 | 12.12% | 2.10% | 1.00x | 5.75x | $53.60 Million |
Industry Comparison
This section compares Saipem SpA's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $5,464,315,253
- Average return on equity (ROE) among peers: -34.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Saipem SpA (SAPMF) | $2.61 Billion | 14.98% | 4.33x | $2.48 Billion |
| ProFrac Holding Corp. (ACDC) | $1.33 Billion | -7.35% | 1.31x | $222.04 Million |
| Atlas Energy Solutions Inc. (AESI) | $867.82 Million | 18.44% | 0.45x | $1.34 Billion |
| Akastor ASA (AKKVF) | $13.55 Billion | 9.27% | 2.55x | $54.21 Million |
| Andatee China Marine Fuel Services (AMCF) | $18.84 Million | 34.05% | 1.21x | $0.98 |
| Archrock Inc (AROC) | $2.23 Billion | -42.52% | 1.73x | $6.15 Billion |
| Anton Oilfield Services Group (ATONY) | $2.15 Billion | -9.22% | 2.02x | $381.63 Million |
| Auri Inc (AURI) | $-2.74 Million | 0.00% | 0.00x | $1.91 |
| Baker Hughes Co (BKR) | $34.50 Billion | 0.37% | 0.55x | $56.21 Billion |
| Kbridge Energy Corp (BMMCF) | $-341.75K | 0.00% | 0.00x | $880.54 |
| Bri-Chem Corp (BRYFF) | $131.44K | -348.83% | 2.61x | $4.32 Million |