Saipem SpAWBO:SPM3 +1.90%44 FCF Margin % is 9.86% as of Mar. 2026, which is 307% above its 10-year median of 2.42. GuruFocus rates WBO:SPM3 with a GF Score™ of 44/100 and a GF Value™ of €2.49 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 905 Oil & Gas companies, Saipem SpA ranks better than 63.65% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Saipem SpA's Free Cash Flow for the
three
months ended in Mar. 2026 was €348 Mil. Saipem SpA's Revenue for the
three
months ended in Mar. 2026 was €3,528 Mil. Therefore, Saipem SpA's FCF Margin % for the quarter that ended in Mar. 2026 was 9.86%.
The historical rank and industry rank for Saipem SpA's FCF Margin % or its related term are showing as below:
WBO:SPM3'
s FCF Margin % Range Over the Past 10 Years
Min: -10.01 Med: 2.42 Max: 10.11
Current: 7.72
During the past 13 years, the highest FCF Margin % of Saipem SpA was 10.11%. The lowest was -10.01%. And the median was 2.42%.
WBO:SPM3's FCF Margin % is ranked better than 63.65% of 905
companies
in the Oil & Gas industry
Industry Median: 3.31
vs WBO:SPM3: 7.72
Saipem SpA FCF Margin % Related Terms
Saipem SpA FCF Margin % Historical Data
* Premium members only.
The historical data trend for Saipem 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.
WBO:SPM3 vs SLB, BKR, HAL: FCF Margin % Comparison
For the Oil & Gas Equipment & Services subindustry, Saipem 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.
Saipem SpA FCF Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Saipem SpA's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Saipem 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.
Saipem SpA (WBO:SPM3) has a FCF Margin % of 9.86% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Saipem SpA and its competitors. This is 307% above median its historical median of 2.42. According to the industry distribution chart, Saipem SpA ranks #329 out of 905 companies in the Oil & Gas industry, placing it in the top 36.4%.
Is Saipem SpA's FCF Margin % too high?
Saipem SpA's current FCF Margin % of 9.86% is 307% above median its 10-year median of 2.42. The Oil & Gas industry median FCF Margin % is 3.31. Saipem SpA's value of 9.86% is 197.9% above this industry median. Based on the distribution chart, Saipem SpA ranks #329 out of 905 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Saipem SpA has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Saipem SpA's FCF Margin % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Saipem SpA ranks #329 out of 905 companies for FCF Margin %. This puts Saipem SpA in the upper half of its industry. The industry median FCF Margin % is 3.31. Saipem SpA's value of 9.86% is 197.9% above this benchmark. While the company's 10-year median is 2.42 vs. the industry median of 3.31, Saipem 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 Oil & Gas company?
The median FCF Margin % among Oil & Gas companies is 3.31, based on 905 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. Saipem SpA's current FCF Margin % of 9.86% is 197.9% 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 Saipem SpA and its competitors. For the Oil & Gas industry, the median FCF Margin % is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saipem SpA's current FCF Margin % is 9.86%, which is 307% above median its own 10-year median of 2.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saipem SpA stock overvalued right now?
Based on GuruFocus' analysis, Saipem SpA (WBO:SPM3) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.49, compared to a current price of €4.55 — trading 82.8% above its estimated fair value. The current FCF Margin % is 9.86%, which is 307% above median its 10-year median of 2.42 and 197.9% above the Oil & Gas industry median of 3.31. Saipem SpA's overall GF Score™ is 44/100 with 8 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 Saipem SpA (WBO:SPM3), the current FCF Margin % is 9.86% 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 Saipem SpA (WBO:SPM3) Overvalued in 2026?
Based on GuruFocus' analysis, Saipem SpA stock appears to be overvalued.
The current stock price of €4.55 is trading 82.8% above its estimated GF Value™ of €2.49.
GuruFocus considers Saipem SpA to be Significantly Overvalued.
Key valuation signals for WBO:SPM3:
FCF Margin %: 9.86% (307% above median its 10-year median of 2.42)
GF Value™: €2.49 vs. price of €4.55 (82.8% above fair value)
Industry Position: 197.9% above the Oil & Gas median (#329 of 905)
No single metric tells the full story. See the WBO:SPM3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Saipem SpA specializes in engineering and construction of projects for the energy and infrastructure sectors, offshore and onshore. The company operates through Asset-Based Services, Offshore Drilling, and Energy Carriers segments. Key revenue is generated from Asset-Based Services, which includes the Offshore Engineering & Construction and Offshore Wind activities. The Energy Carriers segment includes the Onshore Engineering & Construction, Sustainable Infrastructures, and Robotics & Industrialized Solutions activities. Its revenue by geographical segment includes Italy, Rest of Europe, CSI, Rest of Asia, etc.
44GF Score
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FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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