Snam SpA (HAM:SNM) EBIT: €776 Mil (TTM As of Sep. 2014)

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HAM:SNM Snam SpA HAM:SNM
66 GF Score
Price €5.51
GF Value €5.05
Valuation Fairly Valued
! 5 Warning Signs
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What is Snam SpA EBIT?

Snam SpA HAM:SNM +1.10% 66 EBIT is €776 Mil as of Sep. 2014. GuruFocus rates HAM:SNM with a GF Score™ of 66/100 and a GF Value™ of €5.05 (Fairly Valued). The stock has 5 warning signs investors should review.

Snam SpA's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2014 was €535 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2014 was €776 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Snam SpA's annualized ROC % for the quarter that ended in Sep. 2014 was 2.70%. Snam SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2014 was 7.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Snam SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2014 was 2.08%.

Snam SpA  (HAM:SNM) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Snam SpA's annualized ROC % for the quarter that ended in Sep. 2014 is calculated as:

ROC % (Q: Sep. 2014 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2014 ) + Invested Capital (Q: Sep. 2014 ))/ count )
=968 * ( 1 - 35.388% )/( (22900 + 23419)/ 2 )
=625.44416/23159.5
=2.70 %

where

Invested Capital(Q: Mar. 2014 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=23746 - 1812 - ( 2 - max(0, 3565 - 2599+2))
=22900

Invested Capital(Q: Sep. 2014 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=24090 - 1567 - ( 34 - max(0, 3441 - 2545+34))
=23419

Note: The Operating Income data used here is two times the semi-annual (Sep. 2014) data.

2. Joel Greenblatt's definition of Return on Capital:

Snam SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2014 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2014 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2014  Q: Sep. 2014
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1070/( ( (14868 + max(-1721, 0)) + (15044 + max(-1447, 0)) )/ 2 )
=1070/( ( 14868 + 15044 )/ 2 )
=1070/14956
=7.15 %

where Working Capital is:

Working Capital(Q: Mar. 2014 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=( + 171 + 79) - (1812 + 0 + 159)
=-1721

Working Capital(Q: Sep. 2014 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=( + 176 + 44) - (1567 + 0 + 100)
=-1447

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2014) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Snam SpA's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2014 )
=776/37362.560
=2.08 %

* 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 EBIT Related Terms

Snam SpA EBIT Historical Data

* Premium members only.

The historical data trend for Snam SpA's EBIT 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 EBIT Chart

Snam SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,450.00 1,353.00 1,419.00 1,843.00 1,759.00

Snam SpA Semi-Annual Data
Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Sep09 Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14
EBIT 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 129.00 520.00 498.00 545.00 535.00

HAM:SNM vs ATO, NI, UGI: EBIT Comparison

For the Utilities - Regulated Gas subindustry, Snam SpA's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Snam SpA EV-to-EBIT vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Snam SpA's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Snam SpA's EV-to-EBIT falls into.


HAM:SNM
66GF Score
Snam SpA HAM:SNM
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Snam SpA EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2014 adds up the semi-annually data reported by the company within the most recent 12 months, which was €776 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €776 Mil mean?
Snam SpA (HAM:SNM) has a EBIT of €776 Mil as of Sep. 2014. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Snam SpA.
Is Snam SpA's EBIT too high?
Snam SpA's current EBIT is €776 Mil. Overall, Snam SpA has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Snam SpA's EBIT compare to ATO and NI?
Snam SpA's EBIT of €776 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 EBIT for an Utilities - Regulated company?
A good EBIT depends on the Utilities - Regulated industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Snam SpA. Snam SpA's current EBIT is €776 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 (HAM:SNM) is currently considered Fairly Valued. The stock's GF Value™ is €5.05, compared to a current price of €5.51 — trading 9.1% above its estimated fair value. The current EBIT is €776 Mil. Snam SpA's overall GF Score™ is 66/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Snam SpA (HAM:SNM), the current EBIT is €776 Mil as of Sep. 2014. 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 (HAM:SNM) Overvalued in 2026?

Based on GuruFocus' analysis, Snam SpA stock appears to be overvalued. The current stock price of €5.51 is trading 9.1% above its estimated GF Value™ of €5.05. GuruFocus considers Snam SpA to be Fairly Valued.

Key valuation signals for HAM:SNM:

  • EBIT: €776 Mil
  • GF Value™: €5.05 vs. price of €5.51 (9.1% above fair value)
  • GF Score™: 66/100 with 5 warning signs

No single metric tells the full story. See the HAM:SNM 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.
66GF Score

Get the complete analysis for HAM:SNM

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

€5.51
Price
€5.05
GF Value