10-31-2022
| EUR/share | |
| Price | 4.50 |
| Dividend | 0.26 |
| Earnings | 0.49 |
| Cash-flow | 0.41 |
| Book value | 2.25 |
| Equity | 2.10 |
Snam is part of Gas Water and Multiutilities business, which is part of Utilities industry. Snam is a company from Italy, and his stocks are publicly traded.
Snam paid a total dividend of 850 million EUR last year, for a market value of 14,711 millions (Market Cap 10,022 millions). Dividend per share of Snam is 0.26 EUR, and his stock market price 4.50 EUR.
According to the chart below, where dividend yield is displayed, Snam has a dividend yield of 5.82%, which is higher than the amount offered by both the market average and companies from Italy. It is also bigger than average of Utilities industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.
In addition, you should compare Snam dividend yield with other Gas Water and Multiutilities companies or firms from Italy.
Snam Dividend Payout
About the ability of Snam to maintain his current dividend of EUR 0.26 per share, an amount that accounts for 5.82%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Snam payout on ernings is currently 53.06%, which is higher than the market average, but lower than companies of Utilities industry, which are 41.59% and 54.52% respectively. Both figures show that Snam should not have problems to continue paying his dividend.
The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Snam is EUR 0.41 per share, which is higher than the dividend per share paid by the company of EUR 0.26, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Snam, compared againt world market average, Italy companies, Utilities industry and Gas Water and Multiutilities sector companies.
Snam Dividend History
| Year | Yield | EUR | Paypout | Shares* |
| Present | 5.82% | 0.26 | 53.06% | 3,269 |
| 2021 | 4.71% | 0.25 | 69.44% | 3,269 |
| 2020 | 5.16% | 0.24 | 68.57% | 3,269 |
| 2019 | 4.83% | 0.23 | 74.19% | 3,301 |
| 2018 | 3.39% | 0.13 | 44.83% | 3,316 |
| 2017 | 5.15% | 0.21 | 80.77% | 3,417 |
| 2016 | 6.84% | 0.25 | 56.82% | 3,498 |
| 2015 | 8.32% | 0.40 | 95.24% | 3,498 |
*In millions
Snam Stock performance
Finally, last moth Snam showed a return of 8.60% compared to a worldwide 3.75% average, and a 2.34% of Utilities firms. Over the last year, the company obtained a -8.10% versus a worldwide performance of a -9.52%. More detailed information can be seen in the following graph for Italy and Gas Water and Multiutilities firms.
