SPIE SA (SPIE.PA)
FR0012757854 - Common Stock
Overall SPIE gets a fundamental rating of 5 out of 10. We evaluated SPIE against 45 industry peers in the Commercial Services & Supplies industry. There are concerns on the financial health of SPIE while its profitability can be described as average. SPIE has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year SPIE was profitable.
In the past year SPIE had a positive cash flow from operations.
In the past 5 years SPIE has always been profitable.
SPIE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
SPIE has a Return On Assets of 2.61%. This is comparable to the rest of the industry: SPIE outperforms 56.10% of its industry peers.
SPIE has a better Return On Equity (12.22%) than 60.98% of its industry peers.
SPIE's Return On Invested Capital of 5.94% is in line compared to the rest of the industry. SPIE outperforms 56.10% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SPIE is below the industry average of 7.93%.
The last Return On Invested Capital (5.94%) for SPIE is above the 3 year average (5.25%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.61% | ||
| ROE | 12.22% | ||
| ROIC | 5.94% |
ROA(3y)2.09%
ROA(5y)1.75%
ROE(3y)10.11%
ROE(5y)8.83%
ROIC(3y)5.25%
ROIC(5y)4.73%
1.3 Margins
SPIE's Profit Margin of 2.73% is in line compared to the rest of the industry. SPIE outperforms 56.10% of its industry peers.
SPIE's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 5.38%, SPIE perfoms like the industry average, outperforming 56.10% of the companies in the same industry.
In the last couple of years the Operating Margin of SPIE has grown nicely.
SPIE's Gross Margin of 42.82% is in line compared to the rest of the industry. SPIE outperforms 48.78% of its industry peers.
SPIE's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.38% | ||
| PM (TTM) | 2.73% | ||
| GM | 42.82% |
OM growth 3Y13.03%
OM growth 5Y5.09%
PM growth 3Y50.68%
PM growth 5Y14.88%
GM growth 3Y-1.1%
GM growth 5Y1.3%
2. Health
2.1 Basic Checks
SPIE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, SPIE has more shares outstanding
Compared to 5 years ago, SPIE has more shares outstanding
The debt/assets ratio for SPIE has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.63, we must say that SPIE is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.63, SPIE is in line with its industry, outperforming 43.90% of the companies in the same industry.
The Debt to FCF ratio of SPIE is 3.82, which is a good value as it means it would take SPIE, 3.82 years of fcf income to pay off all of its debts.
SPIE has a Debt to FCF ratio of 3.82. This is amongst the best in the industry. SPIE outperforms 82.93% of its industry peers.
SPIE has a Debt/Equity ratio of 1.05. This is a high value indicating a heavy dependency on external financing.
SPIE's Debt to Equity ratio of 1.05 is on the low side compared to the rest of the industry. SPIE is outperformed by 60.98% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.05 | ||
| Debt/FCF | 3.82 | ||
| Altman-Z | 1.63 |
ROIC/WACC0.96
WACC6.16%
2.3 Liquidity
A Current Ratio of 0.92 indicates that SPIE may have some problems paying its short term obligations.
With a Current ratio value of 0.92, SPIE is not doing good in the industry: 75.61% of the companies in the same industry are doing better.
A Quick Ratio of 0.91 indicates that SPIE may have some problems paying its short term obligations.
With a Quick ratio value of 0.91, SPIE is not doing good in the industry: 63.41% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.92 | ||
| Quick Ratio | 0.91 |
3. Growth
3.1 Past
SPIE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 55.46%, which is quite impressive.
SPIE shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 19.93% yearly.
Looking at the last year, SPIE shows a small growth in Revenue. The Revenue has grown by 7.54% in the last year.
Measured over the past years, SPIE shows a small growth in Revenue. The Revenue has been growing by 5.44% on average per year.
EPS 1Y (TTM)55.46%
EPS 3Y61.76%
EPS 5Y19.93%
EPS growth Q2Q106.29%
Revenue 1Y (TTM)7.54%
Revenue growth 3Y9.43%
Revenue growth 5Y5.44%
Revenue growth Q2Q5.88%
3.2 Future
SPIE is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.64% yearly.
Based on estimates for the next years, SPIE will show a small growth in Revenue. The Revenue will grow by 5.18% on average per year.
EPS Next Y18.62%
EPS Next 2Y13.98%
EPS Next 3Y10.64%
EPS Next 5YN/A
Revenue Next Year12.2%
Revenue Next 2Y8.8%
Revenue Next 3Y7.65%
Revenue Next 5Y5.18%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
SPIE is valuated rather expensively with a Price/Earnings ratio of 23.57.
SPIE's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 24.95. SPIE is around the same levels.
Based on the Price/Forward Earnings ratio of 13.40, the valuation of SPIE can be described as correct.
SPIE's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SPIE is cheaper than 70.73% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.40, SPIE is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.57 | ||
| Fwd PE | 13.4 |
4.2 Price Multiples
SPIE's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SPIE indicates a rather cheap valuation: SPIE is cheaper than 80.49% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.63 | ||
| EV/EBITDA | 8.85 |
4.3 Compensation for Growth
SPIE's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of SPIE may justify a higher PE ratio.
PEG (NY)1.27
PEG (5Y)1.18
EPS Next 2Y13.98%
EPS Next 3Y10.64%
5. Dividend
5.1 Amount
SPIE has a Yearly Dividend Yield of 2.44%. Purely for dividend investing, there may be better candidates out there.
SPIE's Dividend Yield is a higher than the industry average which is at 2.86.
SPIE's Dividend Yield is comparable with the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.44% |
5.2 History
The dividend of SPIE is nicely growing with an annual growth rate of 6.15%!
Dividend Growth(5Y)6.15%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
SPIE pays out 53.13% of its income as dividend. This is a bit on the high side, but may be sustainable.
SPIE's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP53.13%
EPS Next 2Y13.98%
EPS Next 3Y10.64%
SPIE SA
EPA:SPIE (4/23/2024, 4:39:17 PM)
33.7
+0.14 (+0.42%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap5.62B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.44% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.57 | ||
| Fwd PE | 13.4 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.27
PEG (5Y)1.18
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.61% | ||
| ROE | 12.22% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 5.38% | ||
| PM (TTM) | 2.73% | ||
| GM | 42.82% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.95
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.05 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.92 | ||
| Quick Ratio | 0.91 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)55.46%
EPS 3Y61.76%
EPS 5Y
EPS growth Q2Q
EPS Next Y18.62%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)7.54%
Revenue growth 3Y9.43%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y