SPIR GROUP ASA (SPIR.OL) Stock Fundamental Analysis
Europe - OSL:SPIR - NO0012548819 - Common Stock
8 NOK
-2.4 (-23.08%)
We assign a fundamental rating of 4 out of 10 to SPIR. SPIR was compared to 101 industry peers in the Software industry. SPIR has a medium profitability rating, but doesn't score so well on its financial health evaluation. SPIR has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year SPIR was profitable.
In the past year SPIR had a positive cash flow from operations.
In multiple years SPIR reported negative net income over the last 5 years.
Each year in the past 5 years SPIR had a positive operating cash flow.
1.2 Ratios
SPIR's Return On Assets of 1.18% is in line compared to the rest of the industry. SPIR outperforms 49.51% of its industry peers.
SPIR has a Return On Equity (2.55%) which is comparable to the rest of the industry.
The Return On Invested Capital of SPIR (2.71%) is comparable to the rest of the industry.
SPIR had an Average Return On Invested Capital over the past 3 years of 2.12%. This is significantly below the industry average of 12.69%.
The 3 year average ROIC (2.12%) for SPIR is below the current ROIC(2.71%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.18% | ||
| ROE | 2.55% | ||
| ROIC | 2.71% |
ROA(3y)0.59%
ROA(5y)0.88%
ROE(3y)1.27%
ROE(5y)1.64%
ROIC(3y)2.12%
ROIC(5y)2.82%
1.3 Margins
SPIR has a Profit Margin (2.52%) which is in line with its industry peers.
SPIR has a Operating Margin (5.30%) which is in line with its industry peers.
In the last couple of years the Operating Margin of SPIR has declined.
SPIR has a Gross Margin (61.43%) which is in line with its industry peers.
In the last couple of years the Gross Margin of SPIR has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.3% | ||
| PM (TTM) | 2.52% | ||
| GM | 61.43% |
OM growth 3Y-4.43%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.16%
GM growth 5YN/A
2. Health
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.
Compared to 1 year ago, SPIR has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of SPIR is 5.63, which is a neutral value as it means it would take SPIR, 5.63 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 5.63, SPIR perfoms like the industry average, outperforming 52.48% of the companies in the same industry.
A Debt/Equity ratio of 0.48 indicates that SPIR is not too dependend on debt financing.
SPIR has a Debt to Equity ratio of 0.48. This is in the lower half of the industry: SPIR underperforms 62.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 5.63 | ||
| Altman-Z | N/A |
ROIC/WACC0.29
WACC9.35%
2.3 Liquidity
A Current Ratio of 0.57 indicates that SPIR may have some problems paying its short term obligations.
SPIR has a Current ratio of 0.57. This is amonst the worse of the industry: SPIR underperforms 86.14% of its industry peers.
A Quick Ratio of 0.57 indicates that SPIR may have some problems paying its short term obligations.
The Quick ratio of SPIR (0.57) is worse than 86.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.57 | ||
| Quick Ratio | 0.57 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 292.04% over the past year.
Looking at the last year, SPIR shows a quite strong growth in Revenue. The Revenue has grown by 11.58% in the last year.
Measured over the past years, SPIR shows a very strong growth in Revenue. The Revenue has been growing by 24.67% on average per year.
EPS 1Y (TTM)292.04%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-67.46%
Revenue 1Y (TTM)11.58%
Revenue growth 3Y24.67%
Revenue growth 5YN/A
Sales Q2Q%19.99%
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 58.08% on average per year.
Based on estimates for the next years, SPIR will show a small growth in Revenue. The Revenue will grow by 6.25% on average per year.
EPS Next Y95%
EPS Next 2Y78.89%
EPS Next 3Y58.08%
EPS Next 5YN/A
Revenue Next Year11.8%
Revenue Next 2Y7.17%
Revenue Next 3Y6.25%
Revenue Next 5YN/A
3.3 Evolution
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
SPIR is valuated quite expensively with a Price/Earnings ratio of 34.78.
60.40% of the companies in the same industry are more expensive than SPIR, based on the Price/Earnings ratio.
SPIR is valuated rather expensively when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 12.25, the valuation of SPIR can be described as correct.
Based on the Price/Forward Earnings ratio, SPIR is valued cheaper than 82.18% of the companies in the same industry.
SPIR is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.73, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.78 | ||
| Fwd PE | 12.25 |
4.2 Price Multiples
SPIR's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. SPIR is cheaper than 82.18% of the companies in the same industry.
SPIR's Price/Free Cash Flow ratio is rather cheap when compared to the industry. SPIR is cheaper than 89.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.87 | ||
| EV/EBITDA | 9.3 |
4.3 Compensation for Growth
The 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 58.08% in the coming years.
PEG (NY)0.37
PEG (5Y)N/A
EPS Next 2Y78.89%
EPS Next 3Y58.08%
5. Dividend
5.1 Amount
SPIR does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
OSL:SPIR (9/12/2025, 7:00:00 PM)
8
-2.4 (-23.08%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners48.41%
Inst Owner ChangeN/A
Ins Owners2.6%
Ins Owner ChangeN/A
Market Cap1.06B
Analysts80
Price Target10.71 (33.88%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
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)6.6%
PT rev (3m)6.6%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-32.17%
EPS NY rev (3m)-32.17%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.24%
Revenue NY rev (3m)1.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.78 | ||
| Fwd PE | 12.25 | ||
| P/S | 0.9 | ||
| P/FCF | 8.87 | ||
| P/OCF | 4.78 | ||
| P/B | 0.91 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.3 |
EPS(TTM)0.23
EY2.88%
EPS(NY)0.65
Fwd EY8.16%
FCF(TTM)0.9
FCFY11.27%
OCF(TTM)1.67
OCFY20.92%
SpS8.87
BVpS8.76
TBVpS-6.83
PEG (NY)0.37
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.18% | ||
| ROE | 2.55% | ||
| ROCE | 3.19% | ||
| ROIC | 2.71% | ||
| ROICexc | 2.83% | ||
| ROICexgc | N/A | ||
| OM | 5.3% | ||
| PM (TTM) | 2.52% | ||
| GM | 61.43% | ||
| FCFM | 10.16% |
ROA(3y)0.59%
ROA(5y)0.88%
ROE(3y)1.27%
ROE(5y)1.64%
ROIC(3y)2.12%
ROIC(5y)2.82%
ROICexc(3y)2.19%
ROICexc(5y)3.54%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)2.5%
ROCE(5y)3.33%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y1.05%
ROICexc growth 5YN/A
OM growth 3Y-4.43%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.16%
GM growth 5YN/A
F-Score7
Asset Turnover0.47
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 5.63 | ||
| Debt/EBITDA | 2.66 | ||
| Cap/Depr | 68.48% | ||
| Cap/Sales | 8.7% | ||
| Interest Coverage | 1.09 | ||
| Cash Conversion | 104.76% | ||
| Profit Quality | 403.64% | ||
| Current Ratio | 0.57 | ||
| Quick Ratio | 0.57 | ||
| Altman-Z | N/A |
F-Score7
WACC9.35%
ROIC/WACC0.29
Cap/Depr(3y)80.88%
Cap/Depr(5y)77.66%
Cap/Sales(3y)9.61%
Cap/Sales(5y)9.66%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)292.04%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-67.46%
EPS Next Y95%
EPS Next 2Y78.89%
EPS Next 3Y58.08%
EPS Next 5YN/A
Revenue 1Y (TTM)11.58%
Revenue growth 3Y24.67%
Revenue growth 5YN/A
Sales Q2Q%19.99%
Revenue Next Year11.8%
Revenue Next 2Y7.17%
Revenue Next 3Y6.25%
Revenue Next 5YN/A
EBIT growth 1Y50.43%
EBIT growth 3Y19.15%
EBIT growth 5YN/A
EBIT Next Year319.67%
EBIT Next 3Y69.3%
EBIT Next 5YN/A
FCF growth 1Y130.2%
FCF growth 3Y31.41%
FCF growth 5YN/A
OCF growth 1Y46.03%
OCF growth 3Y32.24%
OCF growth 5YN/A