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1. Company Snapshot

1.a. Company Description

Saras S.p.A. engages in the oil refinery business in Italy and internationally.The company operates through Industrial & Marketing and Renewables segments.It also sells and distributes oil products, such as diesel, gasoline, diesel fuel for heating, liquefied petroleum gas, virgin naphtha, bunkering, and aviation fuel.


In addition, the company generates and sells electricity through an integrated gasification combined cycle plant with a total installed capacity of 575 megawatts; and a wind farm with a total installed capacity of 171 megawatts.Further, it provides consultancy, engineering, and technological development services in the oil refining, petrochemical, chemical, and energy industry sectors.Additionally, the company owns and operates depots located in Arcola and Cartagena.


Saras S.p.A. was founded in 1962 and is headquartered in Milan, Italy.

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1.b. Last Insights on SRS

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1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (1.50%)

6. Segments

Industrial and Marketing

Expected Growth: 1.5%

Saras S.p.A.'s 1.5% growth in Industrial and Marketing segments is driven by increasing demand for sustainable energy solutions, strategic partnerships, and expansion into emerging markets. Additionally, investments in digitalization and process optimization have improved operational efficiency, while a focus on R&D has led to innovative product offerings, further boosting growth.

Renewables

Expected Growth: 2.5%

Saras S.p.A.'s 2.5% growth in Renewables is driven by increasing demand for clean energy, favorable government policies and incentives, declining technology costs, and strategic investments in wind and solar power. Additionally, the company's focus on energy efficiency and reducing carbon footprint contributes to its growth in the renewable energy segment.

7. Detailed Products

Refinery Products

Saras S.p.A. refines and markets a wide range of petroleum products, including diesel, gasoline, jet fuel, and liquefied petroleum gas (LPG).

Petrochemical Products

The company produces and markets petrochemical products, such as ethylene, propylene, and butadiene, which are used as raw materials for the production of plastics and other chemicals.

Base Oils

Saras S.p.A. produces and markets base oils, which are used as lubricants in various industrial and automotive applications.

Bitumen

The company produces and markets bitumen, a petroleum-based product used in road construction and maintenance.

Marine Fuels

Saras S.p.A. supplies marine fuels, including bunker fuel, to the shipping industry.

Aviation Fuels

The company supplies aviation fuels, including jet fuel, to the aviation industry.

Lubricants

Saras S.p.A. produces and markets a range of lubricants, including engine oils, gear oils, and hydraulic oils.

Specialty Products

The company produces and markets specialty products, including solvents, waxes, and other petroleum-based products.

8. Saras S.p.A.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Saras S.p.A. operates in a market with moderate threat of substitutes, as customers have some alternatives but they are not very attractive.

Bargaining Power Of Customers

Saras S.p.A. has a diverse customer base, which reduces the bargaining power of individual customers.

Bargaining Power Of Suppliers

Saras S.p.A. has a moderate dependence on its suppliers, but it has implemented strategies to mitigate this risk.

Threat Of New Entrants

The energy industry has high barriers to entry, making it difficult for new entrants to compete with Saras S.p.A.

Intensity Of Rivalry

The energy industry is highly competitive, with many established players competing for market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 23.14%
Debt Cost 8.30%
Equity Weight 76.86%
Equity Cost 8.30%
WACC 8.30%
Leverage 30.11%

11. Quality Control: Saras S.p.A. passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Rubis

A-Score: 7.1/10

Value: 8.2

Growth: 5.6

Quality: 4.8

Yield: 9.4

Momentum: 7.5

Volatility: 7.3

1-Year Total Return ->

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Stock-Card
Deutsche Rohstoff

A-Score: 6.5/10

Value: 7.6

Growth: 9.1

Quality: 6.1

Yield: 5.6

Momentum: 8.0

Volatility: 2.7

1-Year Total Return ->

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Stock-Card
CrossAmerica Partners

A-Score: 6.3/10

Value: 7.2

Growth: 4.7

Quality: 3.5

Yield: 10.0

Momentum: 3.5

Volatility: 9.0

1-Year Total Return ->

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Stock-Card
DCC

A-Score: 5.3/10

Value: 6.1

Growth: 3.8

Quality: 3.3

Yield: 6.2

Momentum: 3.5

Volatility: 8.7

1-Year Total Return ->

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Stock-Card
Saras

A-Score: 4.9/10

Value: 8.4

Growth: 6.0

Quality: 3.7

Yield: 5.0

Momentum: 4.0

Volatility: 2.3

1-Year Total Return ->

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Stock-Card
Esso

A-Score: 4.0/10

Value: 8.8

Growth: 5.2

Quality: 2.0

Yield: 5.6

Momentum: 1.0

Volatility: 1.3

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

1.6$

Current Price

1.6$

Potential

-0.00%

Expected Cash-Flows