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Last €4.40 EUR
Change Today +0.084 / 1.95%
Volume 10.6M
SRG On Other Exchanges
Symbol
Exchange
OTC US
BrsaItaliana
OTC US
Mexico
Frankfurt
As of 11:30 AM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

snam spa (SRG) Snapshot

Open
€4.35
Previous Close
€4.32
Day High
€4.42
Day Low
€4.31
52 Week High
04/28/15 - €4.87
52 Week Low
11/3/14 - €3.76
Market Cap
15.4B
Average Volume 10 Days
14.4M
EPS TTM
€0.35
Shares Outstanding
3.5B
EX-Date
05/18/15
P/E TM
12.8x
Dividend
€0.25
Dividend Yield
5.68%
Current Stock Chart for SNAM SPA (SRG)

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snam spa (SRG) Details

Snam S.p.A. is engaged in the natural gas transportation, storage, regasification, and urban distribution in Italy. It operates through Natural Gas Transportation, Liquefied Natural Gas (LNG) Regasification, Natural Gas Storage, and Natural Gas Distribution segments. The company provides natural gas transportation and dispatching services with approximately 32,300 kilometers of high- and medium-pressure gas pipelines; and regasification services, which include unloading the LNG from the vessel, operating storage required for vaporizing the LNG, and regasifying and injecting the LNG into the network. It also offers natural gas storage services through an integrated system of infrastructure comprising deposits, wells, gas treatment plants, compression plants, and the operational dispatching system; and operates eight storage fields in Lombardy, Emilia-Romagna, and Abruzzo. In addition, the company distributes natural gas to 1,435 municipal concessions with approximately 53,000 kilometers of medium- and low-pressure network. Further, it is involved in the provision of technical services relating to natural gas distribution activities, and the rental and maintenance of fiber optic telecommunications cables. The company was formerly known as Snam Rete Gas S.p.A. and changed its name to Snam S.p.A. in January 2012. Snam S.p.A. was founded in 1941 and is headquartered in San Donato Milanese, Italy.

6,219 Employees
Last Reported Date: 08/4/15
Founded in 1941

snam spa (SRG) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: €2.1M
Compensation as of Fiscal Year 2014.

snam spa (SRG) Key Developments

Snam Announces Unaudited Consolidated Earnings Results for the Second Quarter and First Half Ended June 30, 2015

Snam announced unaudited consolidated earnings results for the second quarter and first half ended June 30, 2015. For the quarter, the company reported total revenue of EUR 984 million compared to EUR 949 million a year ago. EBIT was EUR 502 million compared to EUR 502 million a year ago. Pre-tax profit was EUR 439 million compared to EUR 426 million a year ago. Net profit was EUR 287 million or EUR 0.07 per basic and diluted share compared to EUR 269 million or EUR 0.08 per basic and diluted share a year ago. Net cash flow from operating activities was EUR 493 million compared to EUR 150 million a year ago. Investments in intangible assets were EUR 83 million compared to EUR 84 million a year ago. Investments in property, plant and equipment were EUR 164 million compared to EUR 181 million a year ago. Free cash inflow was EUR 134 million compared to free cash outflow of EUR 102 million a year ago. EBITDA was EUR 717 million compared to EUR 696 million a year ago. For the first half, the company reported total revenue of EUR 1,959 million compared to EUR 1,922 million a year ago. EBIT was EUR 1,012 million compared to EUR 1,044 million a year ago. Pre-tax profit was EUR 895 million compared to EUR 889 million a year ago. Net profit was EUR 612 million or EUR 0.17 per basic and diluted share compared to EUR 561 million or EUR 0.17 per basic and diluted share a year ago. Net cash flow from operating activities was EUR 1,146 million compared to EUR 647 million a year ago. Investments in intangible assets were EUR 141 million compared to EUR 149 million a year ago. Investments in property, plant and equipment were EUR 313 million compared to EUR 363 million a year ago. Free cash flow was EUR 587 million compared to EUR 505 million a year ago. For the period, the company’s net debt stood at EUR 13.9 billion at the end of June, 2015 after the EUR 875 million dividend payments to shareholders. The 2015 first half consolidated financial result was driven by the reduction in net interest expenses, the higher contribution of incomes from associates and the positive effect of the Robin Hood Tax consolidation on income taxes. Cash flow from operation benefited from a positive contribution of EUR 120 million of change in working capital driven by an increase in tax payable of around EUR 70 million, mainly due to income taxes accrued in the period. EBITDA was EUR 1,434 million compared to EUR 1,428 million a year ago. The increase was attributable to higher revenue, owing partly to the contribution of newly consolidated companies, the effect of which was offset partially by higher operating costs.

Snam To Consider Stake In TAP Pipeline Project

Snam S.p.A. (BIT:SRG) may take a stake of up to 20% in the project to build the Trans Adriatic Pipeline (TAP) that will carry gas from Azerbaijan to Europe. Chief Executive Officer Carlo Malacarne said "We are ready to evaluate buying up to 20 percent of the project."

Snam S.P.A. Reports Unaudited Consolidated Financial Results for the First Quarter Ended March 2015

Snam S.p.A. reported unaudited consolidated financial Results for the First Quarter ended March 2015. For the quarter, total revenues amounted to EUR 929 million with an increase of EUR 22 million compared to the first quarter 2014. Consolidated EBIT amounted to EUR 510 million with a decrease of EUR 32 million as a result of the increase in regulated revenues of EUR 10 million, the increase in controllable fixed cost of EUR 14 million, the increase in depreciation and amortization of EUR 17 million. Net profit was EUR 325 million, up 11.3% compared to the same period of 2014.the company generated a positive cash flow from operations of EUR 653 million, fully financing net investment of EUR 200 million and resulting in a positive free cash flow of EUR 453 million. Net invested capital amounted to EUR 20.8 billion, substantially in line with 2014 with an increase in fixed assets compensated by the change in the working capital. Net financial debt at the end of the March 2015 amounted to EUR 13.2 billion, a decrease of EUR 0.4 billion compared to the year-end 2014 due to the positive free cash flow generation already commented on. The company reported EBITDA of EUR 732 million against EUR 717 million a year ago. Pre-tax profit was EUR 463 million against EUR 456 million a year ago. EBIT per share was EUR 0.160 against EUR 0.146 a year ago. Net profit per share was EUR 0.086 against EUR 0.093 a year ago.

 

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Valuation SRG Industry Range
Price/Earnings 12.0x
Price/Sales 4.0x
Price/Book 2.2x
Price/Cash Flow 7.3x
TEV/Sales 0.3x
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