Snam SpA
MIL:SRG

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Snam SpA
MIL:SRG
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Price: 4.955 EUR 1.12%
Market Cap: 16.7B EUR

Relative Value

The Relative Value of one SRG stock under the Base Case scenario is 7.522 EUR. Compared to the current market price of 4.955 EUR, Snam SpA is Undervalued by 34%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

SRG Relative Value
Base Case
7.522 EUR
Undervaluation 34%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
34
vs Industry
30
Median 3Y
3.4
Median 5Y
4.5
Industry
1.7
Forward
4
vs History
9
vs Industry
56
Median 3Y
11.7
Median 5Y
11.4
Industry
14.6
Forward
12.3
vs History
38
vs Industry
29
Median 3Y
8.8
Median 5Y
9
Industry
6.9
vs History
38
vs Industry
41
Median 3Y
7.4
Median 5Y
7.1
Industry
13.9
vs History
22
vs Industry
28
Median 3Y
2
Median 5Y
2.1
Industry
1.4
vs History
14
vs Industry
22
Median 3Y
6.2
Median 5Y
8.1
Industry
2.8
Forward
7.6
vs History
vs Industry
32
Median 3Y
0
Median 5Y
10.6
Industry
7.3
vs History
14
vs Industry
45
Median 3Y
10.3
Median 5Y
10.9
Industry
10.2
Forward
11
vs History
17
vs Industry
43
Median 3Y
15.4
Median 5Y
16.6
Industry
14.7
Forward
17.6
vs History
28
vs Industry
18
Median 3Y
18
Median 5Y
18.2
Industry
10.9
vs History
vs Industry
38
Median 3Y
-14.4
Median 5Y
14.4
Industry
16.8
vs History
0
vs Industry
26
Median 3Y
1
Median 5Y
1.1
Industry
0.9

Multiples Across Competitors

SRG Competitors Multiples
Snam SpA Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
IT
Snam SpA
MIL:SRG
16.6B EUR 4.7 13.2 12 18.9
ES
Naturgy Energy Group SA
MAD:NTGY
24.9B EUR 1.3 13.1 6.2 8.6
US
Atmos Energy Corp
NYSE:ATO
25.3B USD 4.7 18.2 13.3 18.3
HK
Hong Kong and China Gas Co Ltd
HKEX:3
131B HKD 2.4 22.9 20.6 20.6
IN
GAIL (India) Ltd
NSE:GAIL
1.2T INR 0.9 9.9 7.2 9.4
JP
Tokyo Gas Co Ltd
TSE:9531
1.8T JPY 0.7 19.8 7.2 20.1
JP
Osaka Gas Co Ltd
TSE:9532
1.4T JPY 0.7 14.8 9.3 21.1
CN
ENN Energy Holdings Ltd
HKEX:2688
69.8B HKD 0.6 11 6.1 8.3
CA
AltaGas Ltd
TSX:ALA
11.9B CAD 1 20.6 14.2 20.8
HK
Kunlun Energy Company Ltd
HKEX:135
65.5B HKD 0.3 10.3 2.6 2.6
CN
ENN Natural Gas Co Ltd
SSE:600803
60.9B CNY 0.4 8.1 7.7 7.7