SPIE SA (SPIE.PA) Stock Fundamental Analysis
EPA:SPIE - Euronext Paris - Matif - FR0012757854 - Common Stock - Currency: EUR
We assign a fundamental rating of 4 out of 10 to SPIE. SPIE was compared to 44 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 decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year SPIE was profitable.
SPIE had a positive operating cash flow in the past year.
Each year in the past 5 years SPIE has been profitable.
In the past 5 years SPIE always reported a positive cash flow from operatings.
1.2 Ratios
SPIE's Return On Assets of 2.74% is in line compared to the rest of the industry. SPIE outperforms 56.82% of its industry peers.
The Return On Equity of SPIE (13.15%) is better than 68.18% of its industry peers.
SPIE's Return On Invested Capital of 6.53% is fine compared to the rest of the industry. SPIE outperforms 65.91% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SPIE is in line with the industry average of 7.49%.
The 3 year average ROIC (6.03%) for SPIE is below the current ROIC(6.53%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.74% | ||
| ROE | 13.15% | ||
| ROIC | 6.53% |
ROA(3y)2.35%
ROA(5y)1.93%
ROE(3y)11.13%
ROE(5y)9.39%
ROIC(3y)6.03%
ROIC(5y)5.21%
1.3 Margins
SPIE has a Profit Margin of 2.75%. This is comparable to the rest of the industry: SPIE outperforms 54.55% of its industry peers.
SPIE's Profit Margin has improved in the last couple of years.
SPIE has a Operating Margin of 5.53%. This is comparable to the rest of the industry: SPIE outperforms 56.82% of its industry peers.
SPIE's Operating Margin has improved in the last couple of years.
SPIE's Gross Margin of 43.84% is in line compared to the rest of the industry. SPIE outperforms 56.82% of its industry peers.
In the last couple of years the Gross Margin of SPIE has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.53% | ||
| PM (TTM) | 2.75% | ||
| GM | 43.84% |
OM growth 3Y4.33%
OM growth 5Y2.86%
PM growth 3Y4.43%
PM growth 5Y5.05%
GM growth 3Y-0.29%
GM growth 5Y0.26%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SPIE is destroying value.
The number of shares outstanding for SPIE has been increased compared to 1 year ago.
The number of shares outstanding for SPIE has been increased compared to 5 years ago.
Compared to 1 year ago, SPIE has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.71, we must say that SPIE is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.71, SPIE perfoms like the industry average, outperforming 52.27% of the companies in the same industry.
SPIE has a debt to FCF ratio of 3.27. This is a good value and a sign of high solvency as SPIE would need 3.27 years to pay back of all of its debts.
SPIE has a better Debt to FCF ratio (3.27) than 77.27% of its industry peers.
SPIE has a Debt/Equity ratio of 1.08. This is a high value indicating a heavy dependency on external financing.
SPIE has a Debt to Equity ratio of 1.08. This is in the lower half of the industry: SPIE underperforms 63.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.08 | ||
| Debt/FCF | 3.27 | ||
| Altman-Z | 1.71 |
ROIC/WACC0.95
WACC6.84%
2.3 Liquidity
A Current Ratio of 0.79 indicates that SPIE may have some problems paying its short term obligations.
With a Current ratio value of 0.79, SPIE is not doing good in the industry: 79.55% of the companies in the same industry are doing better.
A Quick Ratio of 0.78 indicates that SPIE may have some problems paying its short term obligations.
SPIE has a worse Quick ratio (0.78) than 68.18% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.79 | ||
| Quick Ratio | 0.78 |
3. Growth
3.1 Past
SPIE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12.00%, which is quite good.
Measured over the past years, SPIE shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.04% on average per year.
Looking at the last year, SPIE shows a quite strong growth in Revenue. The Revenue has grown by 13.69% in the last year.
SPIE shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.24% yearly.
EPS 1Y (TTM)12%
EPS 3Y15.57%
EPS 5Y11.04%
EPS Q2Q%27.03%
Revenue 1Y (TTM)13.69%
Revenue growth 3Y12.35%
Revenue growth 5Y7.24%
Sales Q2Q%13.09%
3.2 Future
Based on estimates for the next years, SPIE will show a small growth in Earnings Per Share. The EPS will grow by 4.63% on average per year.
Based on estimates for the next years, SPIE will show a small growth in Revenue. The Revenue will grow by 3.84% on average per year.
EPS Next Y5.18%
EPS Next 2Y7.83%
EPS Next 3Y7.75%
EPS Next 5Y4.63%
Revenue Next Year7.38%
Revenue Next 2Y6.03%
Revenue Next 3Y5.44%
Revenue Next 5Y3.84%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 27.35, which means the current valuation is very expensive for SPIE.
The rest of the industry has a similar Price/Earnings ratio as SPIE.
When comparing the Price/Earnings ratio of SPIE to the average of the S&P500 Index (28.18), we can say SPIE is valued inline with the index average.
With a Price/Forward Earnings ratio of 15.87, SPIE is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SPIE is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.81, SPIE is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.35 | ||
| Fwd PE | 15.87 |
4.2 Price Multiples
SPIE's Enterprise Value to EBITDA is on the same level as the industry average.
70.45% of the companies in the same industry are more expensive than SPIE, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.84 | ||
| EV/EBITDA | 10.21 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of SPIE may justify a higher PE ratio.
PEG (NY)5.28
PEG (5Y)2.48
EPS Next 2Y7.83%
EPS Next 3Y7.75%
5. Dividend
5.1 Amount
SPIE has a Yearly Dividend Yield of 2.32%.
SPIE's Dividend Yield is a higher than the industry average which is at 3.71.
SPIE's Dividend Yield is comparable with the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.32% |
5.2 History
The dividend of SPIE is nicely growing with an annual growth rate of 8.23%!
Dividend Growth(5Y)8.23%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
SPIE pays out 52.55% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of SPIE is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP52.55%
EPS Next 2Y7.83%
EPS Next 3Y7.75%
EPA:SPIE (5/5/2025, 5:29:52 PM)
43.76
-0.1 (-0.23%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners48.6%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap7.35B
Analysts83.53
Price Target45.34 (3.61%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.32% |
Yearly Dividend0.86
Dividend Growth(5Y)8.23%
DP52.55%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)1.03%
PT rev (3m)9.52%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-3.98%
EPS NY rev (3m)-3.98%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.79%
Revenue NY rev (3m)0.86%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.35 | ||
| Fwd PE | 15.87 | ||
| P/S | 0.74 | ||
| P/FCF | 8.84 | ||
| P/OCF | 7.99 | ||
| P/B | 3.54 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.21 |
EPS(TTM)1.6
EY3.66%
EPS(NY)2.76
Fwd EY6.3%
FCF(TTM)4.95
FCFY11.31%
OCF(TTM)5.48
OCFY12.52%
SpS59.02
BVpS12.36
TBVpS-19.92
PEG (NY)5.28
PEG (5Y)2.48
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.74% | ||
| ROE | 13.15% | ||
| ROCE | 9.88% | ||
| ROIC | 6.53% | ||
| ROICexc | 7.49% | ||
| ROICexgc | N/A | ||
| OM | 5.53% | ||
| PM (TTM) | 2.75% | ||
| GM | 43.84% | ||
| FCFM | 8.39% |
ROA(3y)2.35%
ROA(5y)1.93%
ROE(3y)11.13%
ROE(5y)9.39%
ROIC(3y)6.03%
ROIC(5y)5.21%
ROICexc(3y)7.59%
ROICexc(5y)6.66%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)9.16%
ROCE(5y)7.87%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y7.51%
ROICexc growth 5Y5.56%
OM growth 3Y4.33%
OM growth 5Y2.86%
PM growth 3Y4.43%
PM growth 5Y5.05%
GM growth 3Y-0.29%
GM growth 5Y0.26%
F-Score6
Asset Turnover0.99
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.08 | ||
| Debt/FCF | 3.27 | ||
| Debt/EBITDA | 2.46 | ||
| Cap/Depr | 24.46% | ||
| Cap/Sales | 0.89% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 101.04% | ||
| Profit Quality | 304.56% | ||
| Current Ratio | 0.79 | ||
| Quick Ratio | 0.78 | ||
| Altman-Z | 1.71 |
F-Score6
WACC6.84%
ROIC/WACC0.95
Cap/Depr(3y)23.51%
Cap/Depr(5y)24.99%
Cap/Sales(3y)0.8%
Cap/Sales(5y)0.87%
Profit Quality(3y)305.11%
Profit Quality(5y)422.03%
High Growth Momentum
Growth
EPS 1Y (TTM)12%
EPS 3Y15.57%
EPS 5Y11.04%
EPS Q2Q%27.03%
EPS Next Y5.18%
EPS Next 2Y7.83%
EPS Next 3Y7.75%
EPS Next 5Y4.63%
Revenue 1Y (TTM)13.69%
Revenue growth 3Y12.35%
Revenue growth 5Y7.24%
Sales Q2Q%13.09%
Revenue Next Year7.38%
Revenue Next 2Y6.03%
Revenue Next 3Y5.44%
Revenue Next 5Y3.84%
EBIT growth 1Y16.92%
EBIT growth 3Y17.21%
EBIT growth 5Y10.31%
EBIT Next Year67.74%
EBIT Next 3Y23.51%
EBIT Next 5Y15.4%
FCF growth 1Y27.67%
FCF growth 3Y22.83%
FCF growth 5Y18.09%
OCF growth 1Y29.05%
OCF growth 3Y21.29%
OCF growth 5Y16.33%