SPIE SA (SPIE.PA) Fundamental Analysis & Valuation

EPA:SPIE • FR0012757854

Current stock price

47.86 EUR
+0.06 (+0.13%)
Last:

This SPIE.PA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. SPIE.PA Profitability Analysis

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.
  • Each year in the past 5 years SPIE had a positive operating cash flow.
SPIE.PA Yearly Net Income VS EBIT VS OCF VS FCFSPIE.PA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

1.2 Ratios

  • SPIE has a Return On Assets of 1.71%. This is comparable to the rest of the industry: SPIE outperforms 55.00% of its industry peers.
  • Looking at the Return On Equity, with a value of 8.20%, SPIE is in line with its industry, outperforming 60.00% of the companies in the same industry.
  • SPIE's Return On Invested Capital of 6.53% is fine compared to the rest of the industry. SPIE outperforms 65.00% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for SPIE is below the industry average of 8.44%.
  • The 3 year average ROIC (6.21%) for SPIE is below the current ROIC(6.53%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 1.71%
ROE 8.2%
ROIC 6.53%
ROA(3y)2.35%
ROA(5y)2.14%
ROE(3y)11.19%
ROE(5y)10.34%
ROIC(3y)6.21%
ROIC(5y)5.65%
SPIE.PA Yearly ROA, ROE, ROICSPIE.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • The Profit Margin of SPIE (1.70%) is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of SPIE has grown nicely.
  • The Operating Margin of SPIE (5.69%) is better than 62.50% of its industry peers.
  • SPIE's Operating Margin has improved in the last couple of years.
  • SPIE has a Gross Margin (45.06%) which is comparable to the rest of the industry.
  • SPIE's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 5.69%
PM (TTM) 1.7%
GM 45.06%
OM growth 3Y3.45%
OM growth 5Y8.85%
PM growth 3Y-3.15%
PM growth 5Y16.25%
GM growth 3Y1.59%
GM growth 5Y0.36%
SPIE.PA Yearly Profit, Operating, Gross MarginsSPIE.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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3

2. SPIE.PA Health Analysis

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.
  • 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.
  • The debt/assets ratio for SPIE has been reduced compared to a year ago.
SPIE.PA Yearly Shares OutstandingSPIE.PA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
SPIE.PA Yearly Total Debt VS Total AssetsSPIE.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.2 Solvency

  • Based on the Altman-Z score of 1.79, we must say that SPIE is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of SPIE (1.79) is comparable to the rest of the industry.
  • SPIE has a debt to FCF ratio of 2.65. This is a good value and a sign of high solvency as SPIE would need 2.65 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 2.65, SPIE belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
  • A Debt/Equity ratio of 0.86 indicates that SPIE is somewhat dependend on debt financing.
  • SPIE has a Debt to Equity ratio (0.86) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.86
Debt/FCF 2.65
Altman-Z 1.79
ROIC/WACC0.94
WACC6.93%
SPIE.PA Yearly LT Debt VS Equity VS FCFSPIE.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

2.3 Liquidity

  • SPIE has a Current Ratio of 0.80. This is a bad value and indicates that SPIE is not financially healthy enough and could expect problems in meeting its short term obligations.
  • SPIE has a worse Current ratio (0.80) than 80.00% of its industry peers.
  • A Quick Ratio of 0.79 indicates that SPIE may have some problems paying its short term obligations.
  • SPIE has a worse Quick ratio (0.79) than 67.50% of its industry peers.
Industry RankSector Rank
Current Ratio 0.8
Quick Ratio 0.79
SPIE.PA Yearly Current Assets VS Current LiabilitesSPIE.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

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4

3. SPIE.PA Growth Analysis

3.1 Past

  • The earnings per share for SPIE have decreased strongly by -36.05% in the last year.
  • The Earnings Per Share has been growing by 25.08% on average over the past years. This is a very strong growth
  • SPIE shows a small growth in Revenue. In the last year, the Revenue has grown by 4.81%.
  • Measured over the past years, SPIE shows a quite strong growth in Revenue. The Revenue has been growing by 9.32% on average per year.
EPS 1Y (TTM)-36.05%
EPS 3Y4.2%
EPS 5Y25.08%
EPS Q2Q%-12.2%
Revenue 1Y (TTM)4.81%
Revenue growth 3Y8.62%
Revenue growth 5Y9.32%
Sales Q2Q%93.72%

3.2 Future

  • SPIE is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.60% yearly.
  • The Revenue is expected to grow by 3.33% on average over the next years.
EPS Next Y11.6%
EPS Next 2Y10.86%
EPS Next 3Y10.53%
EPS Next 5Y5.6%
Revenue Next Year6.43%
Revenue Next 2Y6.35%
Revenue Next 3Y6.67%
Revenue Next 5Y3.33%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last 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 decreasing.
SPIE.PA Yearly Revenue VS EstimatesSPIE.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2B 4B 6B 8B 10B
SPIE.PA Yearly EPS VS EstimatesSPIE.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3

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4

4. SPIE.PA Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 46.92 indicates a quite expensive valuation of SPIE.
  • SPIE's Price/Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 26.78, SPIE is valued quite expensively.
  • The Price/Forward Earnings ratio is 15.20, which indicates a correct valuation of SPIE.
  • 65.00% of the companies in the same industry are more expensive than SPIE, based on the Price/Forward Earnings ratio.
  • SPIE's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.54.
Industry RankSector Rank
PE 46.92
Fwd PE 15.2
SPIE.PA Price Earnings VS Forward Price EarningsSPIE.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as SPIE.
  • SPIE's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. SPIE is cheaper than 80.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.03
EV/EBITDA 9
SPIE.PA Per share dataSPIE.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • SPIE has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)4.04
PEG (5Y)1.87
EPS Next 2Y10.86%
EPS Next 3Y10.53%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. SPIE.PA Dividend Analysis

5.1 Amount

  • SPIE has a Yearly Dividend Yield of 2.26%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 1.72, SPIE pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.83, SPIE pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.26%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years5
Div Non Decr Years5
SPIE.PA Yearly Dividends per shareSPIE.PA Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • SPIE pays out 100.06% of its income as dividend. This is not a sustainable payout ratio.
DP100.06%
EPS Next 2Y10.86%
EPS Next 3Y10.53%
SPIE.PA Yearly Income VS Free CF VS DividendSPIE.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
SPIE.PA Dividend Payout.SPIE.PA Dividend Payout, showing the Payout Ratio.SPIE.PA Dividend Payout.PayoutRetained Earnings

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SPIE.PA Fundamentals: All Metrics, Ratios and Statistics

SPIE SA

EPA:SPIE (4/10/2026, 7:00:00 PM)

47.86

+0.06 (+0.13%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)03-06
Earnings (Next)04-24
Inst Owners60.08%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap8.14B
Revenue(TTM)10.40B
Net Income(TTM)176.40M
Analysts83.75
Price Target56.15 (17.32%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.26%
Yearly Dividend1.04
Dividend Growth(5Y)N/A
DP100.06%
Div Incr Years5
Div Non Decr Years5
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)0.18%
PT rev (3m)1.47%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.13%
EPS NY rev (3m)2.09%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.95%
Revenue NY rev (3m)1.24%
Valuation
Industry RankSector Rank
PE 46.92
Fwd PE 15.2
P/S 0.78
P/FCF 10.03
P/OCF 9.18
P/B 3.78
P/tB N/A
EV/EBITDA 9
EPS(TTM)1.02
EY2.13%
EPS(NY)3.15
Fwd EY6.58%
FCF(TTM)4.77
FCFY9.97%
OCF(TTM)5.21
OCFY10.89%
SpS61.09
BVpS12.65
TBVpS-19.54
PEG (NY)4.04
PEG (5Y)1.87
Graham Number17.04
Profitability
Industry RankSector Rank
ROA 1.71%
ROE 8.2%
ROCE 10.23%
ROIC 6.53%
ROICexc 7.56%
ROICexgc N/A
OM 5.69%
PM (TTM) 1.7%
GM 45.06%
FCFM 7.81%
ROA(3y)2.35%
ROA(5y)2.14%
ROE(3y)11.19%
ROE(5y)10.34%
ROIC(3y)6.21%
ROIC(5y)5.65%
ROICexc(3y)7.46%
ROICexc(5y)7.04%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)9.78%
ROCE(5y)8.9%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y2.42%
ROICexc growth 5Y11.78%
OM growth 3Y3.45%
OM growth 5Y8.85%
PM growth 3Y-3.15%
PM growth 5Y16.25%
GM growth 3Y1.59%
GM growth 5Y0.36%
F-Score7
Asset Turnover1.01
Health
Industry RankSector Rank
Debt/Equity 0.86
Debt/FCF 2.65
Debt/EBITDA 1.76
Cap/Depr 16.34%
Cap/Sales 0.72%
Interest Coverage 250
Cash Conversion 84.38%
Profit Quality 460.26%
Current Ratio 0.8
Quick Ratio 0.79
Altman-Z 1.79
F-Score7
WACC6.93%
ROIC/WACC0.94
Cap/Depr(3y)20.57%
Cap/Depr(5y)22.92%
Cap/Sales(3y)0.77%
Cap/Sales(5y)0.82%
Profit Quality(3y)346.01%
Profit Quality(5y)328.22%
High Growth Momentum
Growth
EPS 1Y (TTM)-36.05%
EPS 3Y4.2%
EPS 5Y25.08%
EPS Q2Q%-12.2%
EPS Next Y11.6%
EPS Next 2Y10.86%
EPS Next 3Y10.53%
EPS Next 5Y5.6%
Revenue 1Y (TTM)4.81%
Revenue growth 3Y8.62%
Revenue growth 5Y9.32%
Sales Q2Q%93.72%
Revenue Next Year6.43%
Revenue Next 2Y6.35%
Revenue Next 3Y6.67%
Revenue Next 5Y3.33%
EBIT growth 1Y7.84%
EBIT growth 3Y12.37%
EBIT growth 5Y19%
EBIT Next Year63.29%
EBIT Next 3Y23.84%
EBIT Next 5Y17.7%
FCF growth 1Y-2.41%
FCF growth 3Y16.65%
FCF growth 5Y10.43%
OCF growth 1Y-3.65%
OCF growth 3Y15.38%
OCF growth 5Y9.62%

SPIE SA / SPIE.PA Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for SPIE SA?

ChartMill assigns a fundamental rating of 4 / 10 to SPIE.PA.


Can you provide the valuation status for SPIE SA?

ChartMill assigns a valuation rating of 4 / 10 to SPIE SA (SPIE.PA). This can be considered as Fairly Valued.


Can you provide the profitability details for SPIE SA?

SPIE SA (SPIE.PA) has a profitability rating of 6 / 10.


Can you provide the expected EPS growth for SPIE stock?

The Earnings per Share (EPS) of SPIE SA (SPIE.PA) is expected to grow by 11.6% in the next year.


Is the dividend of SPIE SA sustainable?

The dividend rating of SPIE SA (SPIE.PA) is 3 / 10 and the dividend payout ratio is 100.06%.