Snam SpAMEX:SRGS N 69 FCF Margin % is 39.44% as of Mar. 2026, which is 125% above its 10-year median of 17.50. GuruFocus rates MEX:SRGS N with a GF Score™ of 69/100 and a GF Value™ of MXN66.28. The stock has 10 warning signs investors should review. Among 499 Utilities - Regulated companies, Snam SpA ranks worse than 59.52% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Snam SpA's Free Cash Flow for the
three
months ended in Mar. 2026 was MXN8,214 Mil. Snam SpA's Revenue for the
three
months ended in Mar. 2026 was MXN20,826 Mil. Therefore, Snam SpA's FCF Margin % for the quarter that ended in Mar. 2026 was 39.44%.
The historical rank and industry rank for Snam SpA's FCF Margin % or its related term are showing as below:
MEX:SRGS N'
s FCF Margin % Range Over the Past 10 Years
Min: -45.5 Med: 17.5 Max: 79.72
Current: -0.94
During the past 13 years, the highest FCF Margin % of Snam SpA was 79.72%. The lowest was -45.50%. And the median was 17.50%.
MEX:SRGS N's FCF Margin % is ranked worse than 59.52% of 499
companies
in the Utilities - Regulated industry
Industry Median: 2.36
vs MEX:SRGS N: -0.94
Snam SpA FCF Margin % Related Terms
Snam SpA FCF Margin % Historical Data
* Premium members only.
The historical data trend for Snam SpA's FCF Margin % 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.
MEX:SRGS N vs ATO, NI, UGI: FCF Margin % Comparison
For the Utilities - Regulated Gas subindustry, Snam SpA's FCF Margin %, along with its competitors' market caps and FCF Margin % 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 FCF Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Snam SpA's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Snam SpA's FCF Margin % falls into.
* 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 (MEX:SRGS N) has a FCF Margin % of 39.44% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Snam SpA and its competitors. This is 125% above median its historical median of 17.50. According to the industry distribution chart, Snam SpA ranks #297 out of 499 companies in the Utilities - Regulated industry, placing it in the top 59.5%.
Is Snam SpA's FCF Margin % too high?
Snam SpA's current FCF Margin % of 39.44% is 125% above median its 10-year median of 17.50. The Utilities - Regulated industry median FCF Margin % is 2.36. Snam SpA's value of 39.44% is 1571.2% above this industry median. Based on the distribution chart, Snam SpA ranks #297 out of 499 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Snam SpA has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Snam SpA's FCF Margin % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Snam SpA ranks #297 out of 499 companies for FCF Margin %. This places Snam SpA in the lower half of its industry. The industry median FCF Margin % is 2.36. Snam SpA's value of 39.44% is 1571.2% above this benchmark. While the company's 10-year median is 17.50 vs. the industry median of 2.36, Snam SpA has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for an Utilities - Regulated company?
The median FCF Margin % among Utilities - Regulated companies is 2.36, based on 499 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Snam SpA's current FCF Margin % of 39.44% is 1571.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Snam SpA and its competitors. For the Utilities - Regulated industry, the median FCF Margin % is 2.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Snam SpA's current FCF Margin % is 39.44%, which is 125% above median its own 10-year median of 17.50. 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?
Snam SpA (MEX:SRGS N) has a current FCF Margin % of 39.44%. The stock's GF Value™ is MXN66.28, compared to a current price of MXN86.11 — trading 29.9% above its estimated fair value. The current FCF Margin % is 39.44%, which is 125% above median its 10-year median of 17.50 and 1571.2% above the Utilities - Regulated industry median of 2.36. Snam SpA's overall GF Score™ is 69/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Snam SpA (MEX:SRGS N), the current FCF Margin % is 39.44% 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 (MEX:SRGS N) Overvalued in 2026?
Based on GuruFocus' analysis, Snam SpA stock appears to be overvalued.
The current stock price of MXN86.11 is trading 29.9% above its estimated GF Value™ of MXN66.28.
Key valuation signals for MEX:SRGS N:
FCF Margin %: 39.44% (125% above median its 10-year median of 17.50)
GF Value™: MXN66.28 vs. price of MXN86.11 (29.9% above fair value)
Industry Position: 1571.2% above the Utilities - Regulated median (#297 of 499)
No single metric tells the full story. See the MEX:SRGS N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
69GF Score
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