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Saipem S.p.A. (SPM.MI) logo

Saipem S.p.A.

EURO STOXX 600
SPM.MI|Energy|Oil & Gas Equipment & Services||P/E 30.6|MCap 5.0B|Borsa Italiana

Last update: May 9, 2026 at 09:32

Dividend Safety Rating

30/ 100Warning

SPM.MI's dividend shows several warning signs. Strengths include a 0.0% fcf payout ratio & 11.1% net debt / total assets. Areas of concern: 113.3% earnings payout ratio & 370.0% cfo payout ratio.

Based on 15 of 15 metrics

Strengths

  • FCF Payout Ratio: 0.0%Free cash flow comfortably covers the dividend.
  • Debt-to-Equity: 46.5Conservative debt level relative to equity.
  • Net Debt / Total Assets: 11.1%Healthy balance sheet with low net debt.

Risks

  • Earnings Payout Ratio: 113.3%High earnings payout ratio leaves little safety margin.
  • CFO Payout Ratio: 370.0%Operating cash flow leaves little room for the payout.
  • Profit Margin Stability: UnstableProfit margins have been volatile.

Payout & Coverage

Caution
Earnings Payout Ratio
113.3%Danger
FCF Payout Ratio
0.0%Very Safe
CFO Payout Ratio
370.0%Danger
Interest Coverage
4.2xCaution

Balance Sheet

Safe
Net Debt / Total Assets
11.1%Safe
Current Ratio
0.8xWarning
Debt-to-Equity
46.5Very Safe

Profitability

Warning
Return on Equity
11.6%Caution
Operating Margin
4.5%Warning
Gross Margin
18.6%Warning
Profit Margin Stability
UnstableDanger

Dividend Track Record

Danger
Dividend Streak
1 yrsDanger
Dividend Cut
YesDanger
5-Year Dividend CAGR
-32.3%Danger
Earnings Stability
UnstableDanger

About Saipem S.p.A.

Saipem S.p.A. is an Italian multinational oilfield services company and a global leader in engineering, construction, and drilling for the energy and infrastructure sectors, both offshore and onshore. Founded in 1957, it manages complex projects from design to decommissioning in extreme environments, remote areas, and deep waters, with operations spanning over 50 countries and a workforce exceeding 30,000 employees from more than 120 nationalities. The company boasts eight fabrication yards, seven engineering hubs, and a versatile fleet of approximately 40 vessels, including 20 construction vessels and 15 drilling rigs such as semi-submersibles, drillships, and jack-ups. Saipem S.p.A. organizes into five key business lines: Offshore Drilling, Asset Based Services, Energy Carriers, Offshore Wind, and Sustainable Infrastructures, focusing on innovations like green hydrogen, CO2 solutions, subsea robotics, and sustainable energy transition projects. Notably, nearly 35% of its revenue derives from the Middle East, underscoring its significant role in global energy infrastructure development and the shift toward low-carbon solutions.

Dividend Overview

Dividend Yield

0.00%

Annual Dividend

€0.00

Frequency

N/A

Payout Ratio

113.33%

FCF Payout Ratio

0.00%

Stock Price

52-Week Range

€1.59 €3.69

Dividend History (2016–2025)

SPM.MI annual dividend per share and yield history

Earnings & Profitability

SPM.MI earnings per share and net profit margin

Key Dates

Next Ex-Dividend Date

May 18, 2026

Next Payment Date

Dividend Growth

3-Year Dividend CAGR

N/A

5-Year Dividend CAGR

-32.30%

10-Year Dividend CAGR

N/A

3-Year Total Growth

N/A

5-Year Total Growth

-85.78%

10-Year Total Growth

N/A

Income Calculator

SPM.MI Dividend Calculator

Total Investment

€0.00

Annual Income

€0.00

Quarterly Income

€0.00

Monthly Income

€0.00

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Frequently Asked Questions

What is SPM.MI's current dividend yield?
Saipem S.p.A. (SPM.MI) currently has a dividend yield of 0.00%, based on a stock price of — and an annual dividend of €0.00.
When is SPM.MI's next dividend payment date?
SPM.MI's next ex-dividend date is 2026-05-18 and the next payment date is —. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does SPM.MI pay in dividends per year?
Saipem S.p.A. paid €0.17 per share in annual dividends in 2025. The dividends are paid unknown.
Has SPM.MI been increasing its dividend?
Saipem S.p.A. has grown its dividend at a 5-year CAGR of -32.30%.
Is SPM.MI's dividend safe?
Saipem S.p.A. has a payout ratio of 113.33%. Its free cash flow payout ratio is 0.00%. The payout ratio is above 100%, which may indicate the company is paying more in dividends than it earns. This could be unsustainable long-term.
How is SPM.MI's Dividend Safety Rating calculated?
The Dividend Safety Rating evaluates Saipem S.p.A.'s dividend sustainability across four categories: Payout & Coverage (30%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (30%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for energy companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.