Analysis for Saipem
Description & usage
Saipem provides engineering and construction services for energy and infrastructure projects, including offshore and onshore developments. It benefits from investment in both traditional and transition-related energy infrastructure. Key valuation drivers are backlog quality, execution performance, cost control, and EPC margins.
Basic info
- Symbol
- SPM.MI
- Type
- Stock
- Region
- Europe
- Sector
- Industrials
- Available history
- 11.2 years
- Last trading day
- 03/31/2026
Basic info
- Symbol
- SPM.MI
- Type
- Stock
- Region
- Europe
- Sector
- Industrials
- Available history
- 11.2 years
- Last trading day
- 03/31/2026
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- EZ HICP
- 2.0%
- ECB Rate
- 4.25%
- Bund 10Y
- 3.03%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core HICP
- 2.3%
- DE 2Y
- 2.62%
- EZ PMI
- –
Score overview
The overall score combines Performance, Stability and Trend into one comparable value.
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- EZ HICP
- 2.0%
- ECB Rate
- 4.25%
- Bund 10Y
- 3.03%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core HICP
- 2.3%
- DE 2Y
- 2.62%
- EZ PMI
- –
Analysis summary
Technical asset picture
Saipem (SPM.MI) currently has a total score of 55 points, placing it in the neutral range. The score is made up of Performance (46), Stability (44) and Trend (96). The profile is clearly uneven: Trend stands out while Stability is more neutral.
Performance scores 46 points (neutral). Key strength: 1Y return at 82.8 %. Weaker metric: 10Y return at -25.4 %. This points to a sharper upswing more recently.
Stability scores 44 points (neutral). Key strength: Sharpe ratio (90d) at 3.89. Weaker metric: max drawdown (10Y) at -97.1 %. That indicates very deep historical drawdowns. Higher Stability points are better and typically reflect calmer swings and smaller drawdowns-but prices can still fall.
Trend scores 96 points (very strong). Key strength: Price is about 36.2 % above SMA100. Even the weakest metric remains solid in absolute terms: 12M momentum at 60.3 %.
Overall, the picture is mixed: Trend does the heavy lifting while Stability holds the score back. On a metric level, Sharpe ratio (90d) stands out, while max drawdown (10Y) is the main weak spot.
Current market backdrop
The backdrop currently looks mixed and rather restrictive.
A strong US dollar currently paints a mixed risk picture.
High US real yields and elevated long yields lean toward a restrictive rate backdrop.
What that typically means here
For this asset type, the current backdrop looks mixed rather than clearly directional.
Note: Euro area PMI was not used actively in the effect logic.
Historical evaluation and qualitative market context only, not investment advice.
Price chart
Use the chart to read recent price behavior before drilling into metrics.
Scores and metrics
Explore the overall score, the three pillar scores, and the metrics behind them.