SPIR GROUP ASA (SPIR.OL) Fundamental Analysis & Valuation

OSL:SPIR • NO0012548819

Current stock price

8.54 NOK
0 (0%)
Last:

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

5

1. SPIR.OL Profitability Analysis

1.1 Basic Checks

  • SPIR had positive earnings in the past year.
  • SPIR had a positive operating cash flow in the past year.
  • In multiple years SPIR reported negative net income over the last 5 years.
  • In the past 5 years SPIR always reported a positive cash flow from operatings.
SPIR.OL Yearly Net Income VS EBIT VS OCF VS FCFSPIR.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M

1.2 Ratios

  • The Return On Assets of SPIR (33.81%) is better than 97.52% of its industry peers.
  • SPIR has a better Return On Equity (47.54%) than 90.91% of its industry peers.
  • The Return On Invested Capital of SPIR (0.50%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA 33.81%
ROE 47.54%
ROIC 0.5%
ROA(3y)11.51%
ROA(5y)7.01%
ROE(3y)16.36%
ROE(5y)10.03%
ROIC(3y)N/A
ROIC(5y)N/A
SPIR.OL Yearly ROA, ROE, ROICSPIR.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 2025 0 10 20 30 40

1.3 Margins

  • SPIR has a Profit Margin of 78.33%. This is amongst the best in the industry. SPIR outperforms 97.52% of its industry peers.
  • SPIR's Profit Margin has improved in the last couple of years.
  • SPIR's Operating Margin of 1.23% is in line compared to the rest of the industry. SPIR outperforms 45.45% of its industry peers.
  • SPIR has a Gross Margin of 57.55%. This is in the lower half of the industry: SPIR underperforms 66.94% of its industry peers.
  • In the last couple of years the Gross Margin of SPIR has declined.
Industry RankSector Rank
OM 1.23%
PM (TTM) 78.33%
GM 57.55%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y231.85%
PM growth 5Y58.26%
GM growth 3Y-3.68%
GM growth 5Y-9.95%
SPIR.OL Yearly Profit, Operating, Gross MarginsSPIR.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 2025 0 20 40 60 80

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4

2. SPIR.OL Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SPIR is destroying value.
  • SPIR has more shares outstanding than it did 1 year ago.
  • SPIR has more shares outstanding than it did 5 years ago.
  • SPIR has a better debt/assets ratio than last year.
SPIR.OL Yearly Shares OutstandingSPIR.OL Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
SPIR.OL Yearly Total Debt VS Total AssetsSPIR.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

2.2 Solvency

  • The Debt to FCF ratio of SPIR is 1.69, which is an excellent value as it means it would take SPIR, only 1.69 years of fcf income to pay off all of its debts.
  • SPIR has a Debt to FCF ratio (1.69) which is comparable to the rest of the industry.
  • SPIR has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.11, SPIR is in the better half of the industry, outperforming 69.42% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 1.69
Altman-Z N/A
ROIC/WACC0.05
WACC10.29%
SPIR.OL Yearly LT Debt VS Equity VS FCFSPIR.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B

2.3 Liquidity

  • A Current Ratio of 1.18 indicates that SPIR should not have too much problems paying its short term obligations.
  • With a Current ratio value of 1.18, SPIR is not doing good in the industry: 62.81% of the companies in the same industry are doing better.
  • A Quick Ratio of 1.18 indicates that SPIR should not have too much problems paying its short term obligations.
  • SPIR has a Quick ratio of 1.18. This is comparable to the rest of the industry: SPIR outperforms 40.50% of its industry peers.
Industry RankSector Rank
Current Ratio 1.18
Quick Ratio 1.18
SPIR.OL Yearly Current Assets VS Current LiabilitesSPIR.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

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6

3. SPIR.OL Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 2194.77% over the past year.
  • SPIR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 89.07% yearly.
  • The Revenue has decreased by -9.17% in the past year.
  • SPIR shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 41.59% yearly.
EPS 1Y (TTM)2194.77%
EPS 3Y197.24%
EPS 5Y89.07%
EPS Q2Q%78%
Revenue 1Y (TTM)-9.17%
Revenue growth 3Y-2.54%
Revenue growth 5Y41.59%
Sales Q2Q%-25.63%

3.2 Future

  • Based on estimates for the next years, SPIR will show a very strong growth in Earnings Per Share. The EPS will grow by 41.42% on average per year.
  • The Revenue is expected to grow by 1.55% on average over the next years.
EPS Next Y50%
EPS Next 2Y41.42%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-3.31%
Revenue Next 2Y1.55%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
SPIR.OL Yearly Revenue VS EstimatesSPIR.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M 1B
SPIR.OL Yearly EPS VS EstimatesSPIR.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 0 0.2 -0.2 0.4 0.6 0.8

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8

4. SPIR.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 1.42, which indicates a rather cheap valuation of SPIR.
  • SPIR's Price/Earnings ratio is rather cheap when compared to the industry. SPIR is cheaper than 100.00% of the companies in the same industry.
  • SPIR is valuated cheaply when we compare the Price/Earnings ratio to 26.78, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 13.95, SPIR is valued correctly.
  • SPIR's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SPIR is cheaper than 79.34% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 23.54. SPIR is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 1.42
Fwd PE 13.95
SPIR.OL Price Earnings VS Forward Price EarningsSPIR.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • SPIR's Enterprise Value to EBITDA is on the same level as the industry average.
  • SPIR's Price/Free Cash Flow ratio is rather cheap when compared to the industry. SPIR is cheaper than 91.74% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.42
EV/EBITDA 33.22
SPIR.OL Per share dataSPIR.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

  • SPIR's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as SPIR's earnings are expected to grow with 41.42% in the coming years.
PEG (NY)0.03
PEG (5Y)0.02
EPS Next 2Y41.42%
EPS Next 3YN/A

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

0

5. SPIR.OL Dividend Analysis

5.1 Amount

  • SPIR does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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SPIR.OL Fundamentals: All Metrics, Ratios and Statistics

SPIR GROUP ASA

OSL:SPIR (3/2/2026, 7:00:00 PM)

8.54

0 (0%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-09
Earnings (Next)N/A
Inst Owners50.39%
Inst Owner ChangeN/A
Ins Owners1.29%
Ins Owner ChangeN/A
Market Cap1.14B
Revenue(TTM)1.02B
Net Income(TTM)801.87M
Analysts82.86
Price Target12.24 (43.33%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend2.44
Dividend Growth(5Y)N/A
DP40.46%
Div Incr Years0
Div Non Decr Years0
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)14.29%
PT rev (3m)14.29%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)11.11%
EPS NY rev (3m)11.11%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)2%
Revenue NY rev (3m)2%
Valuation
Industry RankSector Rank
PE 1.42
Fwd PE 13.95
P/S 1.11
P/FCF 9.42
P/OCF 6.72
P/B 0.67
P/tB N/A
EV/EBITDA 33.22
EPS(TTM)6.01
EY70.37%
EPS(NY)0.61
Fwd EY7.17%
FCF(TTM)0.91
FCFY10.62%
OCF(TTM)1.27
OCFY14.89%
SpS7.7
BVpS12.69
TBVpS-1.59
PEG (NY)0.03
PEG (5Y)0.02
Graham Number41.42
Profitability
Industry RankSector Rank
ROA 33.81%
ROE 47.54%
ROCE 0.59%
ROIC 0.5%
ROICexc 0.53%
ROICexgc 8.6%
OM 1.23%
PM (TTM) 78.33%
GM 57.55%
FCFM 11.78%
ROA(3y)11.51%
ROA(5y)7.01%
ROE(3y)16.36%
ROE(5y)10.03%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y231.85%
PM growth 5Y58.26%
GM growth 3Y-3.68%
GM growth 5Y-9.95%
F-Score5
Asset Turnover0.43
Health
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 1.69
Debt/EBITDA 4.9
Cap/Depr 198.23%
Cap/Sales 4.74%
Interest Coverage 0.24
Cash Conversion 456.32%
Profit Quality 15.03%
Current Ratio 1.18
Quick Ratio 1.18
Altman-Z N/A
F-Score5
WACC10.29%
ROIC/WACC0.05
Cap/Depr(3y)118.25%
Cap/Depr(5y)96.64%
Cap/Sales(3y)7.92%
Cap/Sales(5y)7.92%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)2194.77%
EPS 3Y197.24%
EPS 5Y89.07%
EPS Q2Q%78%
EPS Next Y50%
EPS Next 2Y41.42%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-9.17%
Revenue growth 3Y-2.54%
Revenue growth 5Y41.59%
Sales Q2Q%-25.63%
Revenue Next Year-3.31%
Revenue Next 2Y1.55%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-75.84%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year333.33%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y6.66%
FCF growth 3Y70.99%
FCF growth 5YN/A
OCF growth 1Y-22.74%
OCF growth 3Y16.1%
OCF growth 5Y69.45%

SPIR GROUP ASA / SPIR.OL Fundamental Analysis FAQ

What is the ChartMill fundamental rating of SPIR GROUP ASA (SPIR.OL) stock?

ChartMill assigns a fundamental rating of 5 / 10 to SPIR.OL.


Can you provide the valuation status for SPIR GROUP ASA?

ChartMill assigns a valuation rating of 8 / 10 to SPIR GROUP ASA (SPIR.OL). This can be considered as Undervalued.


How profitable is SPIR GROUP ASA (SPIR.OL) stock?

SPIR GROUP ASA (SPIR.OL) has a profitability rating of 5 / 10.


What are the PE and PB ratios of SPIR GROUP ASA (SPIR.OL) stock?

The Price/Earnings (PE) ratio for SPIR GROUP ASA (SPIR.OL) is 1.42 and the Price/Book (PB) ratio is 0.67.


Can you provide the expected EPS growth for SPIR stock?

The Earnings per Share (EPS) of SPIR GROUP ASA (SPIR.OL) is expected to grow by 50% in the next year.