SNMRF (Snam SpA) Beginning Cash Position: $-862 Mil (As of Mar. 2026)

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SNMRF Snam SpA SNMRF
73 GF Score
Price $7.35
GF Value $5.59
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Snam SpA Beginning Cash Position?

Snam SpA SNMRF 73 Beginning Cash Position is $-862 Mil as of Mar. 2026. GuruFocus rates SNMRF with a GF Score™ of 73/100 and a GF Value™ of $5.59 (Significantly Overvalued). The stock has 9 warning signs investors should review.

Snam SpA's Beginning Cash Position for the quarter that ended in Mar. 2026 was $-862 Mil.

Snam SpA's quarterly Beginning Cash Position increased from Sep. 2025 ($-630 Mil) to Dec. 2025 ($843 Mil) but then declined from Dec. 2025 ($843 Mil) to Mar. 2026 ($-862 Mil).

Snam SpA's annual Beginning Cash Position declined from Dec. 2023 ($1,916 Mil) to Dec. 2024 ($1,447 Mil) and declined from Dec. 2024 ($1,447 Mil) to Dec. 2025 ($191 Mil).

Snam SpA Beginning Cash Position Related Terms

Snam SpA Beginning Cash Position Historical Data

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The historical data trend for Snam SpA's Beginning Cash Position can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Snam SpA Beginning Cash Position Chart

Snam SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beginning Cash Position
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,439.55 1,416.31 1,916.03 1,447.12 190.87

Snam SpA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beginning Cash Position Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -112.43 96.89 -630.28 843.09 -862.43
SNMRF
73GF Score
Snam SpA SNMRF
Beginning Cash Position is just one metric. See GF Score™, valuation, warning signs, and more.
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Snam SpA Beginning Cash Position Calculation

Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement.

What does a Beginning Cash Position of $-862 Mil mean?
Snam SpA (SNMRF) has a Beginning Cash Position of $-862 Mil as of Mar. 2026. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on Snam SpA and its competitors.
Is Snam SpA's Beginning Cash Position too high?
Snam SpA's current Beginning Cash Position is $-862 Mil. Overall, Snam SpA has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Snam SpA's Beginning Cash Position compare to ATO and NI?
Snam SpA's Beginning Cash Position of $-862 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beginning Cash Position for an Utilities - Regulated company?
A good Beginning Cash Position depends on the Utilities - Regulated industry context. However, Beginning Cash Position should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beginning Cash Position mean?
A high Beginning Cash Position can signal that a stock is expensive relative to its fundamentals. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on Snam SpA and its competitors. Snam SpA's current Beginning Cash Position is $-862 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Snam SpA stock overvalued right now?
Based on GuruFocus' analysis, Snam SpA (SNMRF) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.59, compared to a current price of $7.35 — trading 31.4% above its estimated fair value. The current Beginning Cash Position is $-862 Mil. Snam SpA's overall GF Score™ is 73/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beginning Cash Position calculated?
Beginning Cash Position is calculated from a company's financial statements. For Snam SpA (SNMRF), the current Beginning Cash Position is $-862 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Snam SpA (SNMRF) Overvalued in 2026?

Based on GuruFocus' analysis, Snam SpA stock appears to be overvalued. The current stock price of $7.35 is trading 31.4% above its estimated GF Value™ of $5.59. GuruFocus considers Snam SpA to be Significantly Overvalued.

Key valuation signals for SNMRF:

  • Beginning Cash Position: $-862 Mil
  • GF Value™: $5.59 vs. price of $7.35 (31.4% above fair value)
  • GF Score™: 73/100 with 9 warning signs

No single metric tells the full story. See the SNMRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Snam SpA Business Description

Address Via Vezza d\'Oglio 6, Symbiosis, Porta Romana district, Milan, ITA, 20139
Snam operates a network of about 38,000 kilometers of natural gas pipelines in Italy and abroad. It also holds 17% of European gas storage capacity and 18.1 billion cubic meters of LNG regasification capacity. Snam is investing in hydrogen, biofuels, carbon capture and storage, and energy efficiencies to prepare for the energy transition. Snam became independent from Eni in 2012 after the latter sold its stake to Cassa Depositi e Prestiti, a financial institution controlled by the Ministry of Economy and Finance.
73GF Score

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Beginning Cash Position is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$7.35
Price
$5.59
GF Value