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Saipem SpA vs TUI: Which Stock Looks Stronger in 2026?

TUI holds the cleaner structural position, with valuation as the main driver and profitability adding further support. Saipem SpA does not offset that deficit through any equally strong structural edge elsewhere. In the market, Saipem SpA carries the stronger setup — intact trend against TUI's broken trend. That leaves a split case: the structural lead stays with TUI, but the market is not currently confirming it.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

This is not just a one-metric split: both valuation and profitability materially support the lead. The overall score gap is 18 points in favour of TUI AG.

Trajectory Similarity
0.74
Similar
Peer-set rank: #6
within Saipem SpA's functional peer set

This comparison is anchored in long-term financial trajectory similarity within the selected peer universe.

This level of similarity signals a strong structural match, even though some dimensions still separate the two companies.

The strongest overlap appears in investment intensity and margin consistency.

Similarity drivers
investment intensitymargin consistency
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
SPM.MI
Saipem SpA
47
Peer-Score
Signal qualityMedium
vs
TUI1.DE
TUI AG
65
Peer-Score
Signal qualityMedium

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Score differences across key dimensions.

Dimension spread: SPM.MI vs TUI1.DE Profitability 55 73 Stability 13 26 Valuation 53 87 Growth 63 61 SPM.MI TUI1.DE
Gap Ranking
#1 Valuation +34
#2 Profitability +18
#3 Stability +13
#4 Growth +2
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for SPM.MI and TUI1.DE Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer SPM.MITUI1.DE Relative valuation Structural strength

TUI AG looks stronger both structurally and on relative valuation.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Valuation
Both profiles are strong on valuation, but TUI AG leads clearly.
Profitability
On profitability, the same pattern holds: both rank well, but TUI AG still sits higher.
Valuation — Dominant Gap
SPM.MI
53
TUI1.DE
87
Gap+34in favour of TUI1.DE

The multiple-based pricing edge comes from a forward P/E that is 9.8 turns lower.

What keeps the gap from being one-sided

On the market side, Saipem SpA carries the stronger trend while TUI's trend has broken — the market setup does not confirm the structural advantage.

What this means for the comparison

Valuation is the clearest driver, and profitability also supports TUI AG's broader structural position.

Explore full peer positioning in AssetNext

Break down the SPM.MI vs TUI1.DE comparison across all dimensions with the full interactive tool.

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Similar valuation-and-profitability comparisons

Explore how SPM.MI and TUI1.DE each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.