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SPIRE INC (SR) Stock Fundamental Analysis

NYSE:SR - New York Stock Exchange, Inc. - US84857L1017 - Common Stock - Currency: USD

74.79  +1.05 (+1.42%)

After market: 74.79 0 (0%)

Fundamental Rating

3

SR gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 14 industry peers in the Gas Utilities industry. SR has a medium profitability rating, but doesn't score so well on its financial health evaluation. SR is valied quite expensively at the moment, while it does show a decent growth rate. Finally SR also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

In the past year SR was profitable.
In the past year SR had a positive cash flow from operations.
In the past 5 years SR has always been profitable.
Each year in the past 5 years SR had a positive operating cash flow.
SR Yearly Net Income VS EBIT VS OCF VS FCFSR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M

1.2 Ratios

SR's Return On Assets of 2.09% is on the low side compared to the rest of the industry. SR is outperformed by 64.29% of its industry peers.
SR's Return On Equity of 6.75% is on the low side compared to the rest of the industry. SR is outperformed by 71.43% of its industry peers.
SR has a Return On Invested Capital of 4.09%. This is in the lower half of the industry: SR underperforms 78.57% of its industry peers.
SR had an Average Return On Invested Capital over the past 3 years of 3.84%. This is below the industry average of 6.29%.
The last Return On Invested Capital (4.09%) for SR is above the 3 year average (3.84%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.09%
ROE 6.75%
ROIC 4.09%
ROA(3y)2.06%
ROA(5y)1.96%
ROE(3y)7.18%
ROE(5y)6.82%
ROIC(3y)3.84%
ROIC(5y)3.98%
SR Yearly ROA, ROE, ROICSR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8

1.3 Margins

SR has a Profit Margin of 9.76%. This is in the better half of the industry: SR outperforms 64.29% of its industry peers.
In the last couple of years the Profit Margin of SR has remained more or less at the same level.
Looking at the Operating Margin, with a value of 20.83%, SR is in line with its industry, outperforming 57.14% of the companies in the same industry.
SR's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 20.83%
PM (TTM) 9.76%
GM N/A
OM growth 3Y-2.21%
OM growth 5Y3.99%
PM growth 3Y-7.46%
PM growth 5Y-0.15%
GM growth 3YN/A
GM growth 5YN/A
SR Yearly Profit, Operating, Gross MarginsSR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SR is destroying value.
Compared to 1 year ago, SR has more shares outstanding
Compared to 5 years ago, SR has more shares outstanding
SR has a better debt/assets ratio than last year.
SR Yearly Shares OutstandingSR Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
SR Yearly Total Debt VS Total AssetsSR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

Based on the Altman-Z score of 0.71, we must say that SR is in the distress zone and has some risk of bankruptcy.
SR has a Altman-Z score of 0.71. This is in the lower half of the industry: SR underperforms 64.29% of its industry peers.
A Debt/Equity ratio of 1.24 is on the high side and indicates that SR has dependencies on debt financing.
SR has a Debt to Equity ratio (1.24) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 1.24
Debt/FCF N/A
Altman-Z 0.71
ROIC/WACC0.65
WACC6.28%
SR Yearly LT Debt VS Equity VS FCFSR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B

2.3 Liquidity

A Current Ratio of 0.43 indicates that SR may have some problems paying its short term obligations.
SR has a worse Current ratio (0.43) than 92.86% of its industry peers.
A Quick Ratio of 0.34 indicates that SR may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.34, SR is doing worse than 92.86% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.43
Quick Ratio 0.34
SR Yearly Current Assets VS Current LiabilitesSR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

4

3. Growth

3.1 Past

SR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.52%, which is quite good.
SR shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.60% yearly.
SR shows a decrease in Revenue. In the last year, the revenue decreased by -7.10%.
Measured over the past years, SR shows a small growth in Revenue. The Revenue has been growing by 5.84% on average per year.
EPS 1Y (TTM)14.52%
EPS 3Y-4.51%
EPS 5Y2.6%
EPS Q2Q%4.35%
Revenue 1Y (TTM)-7.1%
Revenue growth 3Y5.07%
Revenue growth 5Y5.84%
Sales Q2Q%-6.84%

3.2 Future

The Earnings Per Share is expected to grow by 6.35% on average over the next years.
The Revenue is expected to grow by 2.06% on average over the next years.
EPS Next Y9.13%
EPS Next 2Y11.03%
EPS Next 3Y9.15%
EPS Next 5Y6.35%
Revenue Next Year-5.01%
Revenue Next 2Y0.95%
Revenue Next 3Y0.82%
Revenue Next 5Y2.06%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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.
SR Yearly Revenue VS EstimatesSR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1B 2B 3B
SR Yearly EPS VS EstimatesSR Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3 4 5

2

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 17.56, SR is valued on the expensive side.
SR's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 26.20. SR is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 14.31 indicates a correct valuation of SR.
Based on the Price/Forward Earnings ratio, SR is valued a bit cheaper than the industry average as 64.29% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.13, SR is valued a bit cheaper.
Industry RankSector Rank
PE 17.56
Fwd PE 14.31
SR Price Earnings VS Forward Price EarningsSR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

SR's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. SR is more expensive than 64.29% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 10.11
SR Per share dataSR 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.
PEG (NY)1.92
PEG (5Y)6.76
EPS Next 2Y11.03%
EPS Next 3Y9.15%

7

5. Dividend

5.1 Amount

SR has a Yearly Dividend Yield of 4.23%, which is a nice return.
Compared to an average industry Dividend Yield of 3.98, SR pays a bit more dividend than its industry peers.
SR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
Industry RankSector Rank
Dividend Yield 4.23%

5.2 History

On average, the dividend of SR grows each year by 6.49%, which is quite nice.
SR has paid a dividend for at least 10 years, which is a reliable track record.
SR has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)6.49%
Div Incr Years10
Div Non Decr Years10
SR Yearly Dividends per shareSR Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3

5.3 Sustainability

80.76% of the earnings are spent on dividend by SR. This is not a sustainable payout ratio.
SR's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP80.76%
EPS Next 2Y11.03%
EPS Next 3Y9.15%
SR Yearly Income VS Free CF VS DividendSR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M -400M
SR Dividend Payout.SR Dividend Payout, showing the Payout Ratio.SR Dividend Payout.PayoutRetained Earnings

SPIRE INC

NYSE:SR (5/29/2025, 4:15:00 PM)

After market: 74.79 0 (0%)

74.79

+1.05 (+1.42%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)04-30 2025-04-30/bmo
Earnings (Next)07-29 2025-07-29/amc
Inst Owners90.25%
Inst Owner Change-0.11%
Ins Owners0.34%
Ins Owner Change0.32%
Market Cap4.36B
Analysts76.67
Price Target80.69 (7.89%)
Short Float %2.93%
Short Ratio3.51
Dividend
Industry RankSector Rank
Dividend Yield 4.23%
Yearly Dividend3.29
Dividend Growth(5Y)6.49%
DP80.76%
Div Incr Years10
Div Non Decr Years10
Ex-Date06-11 2025-06-11 (0.785)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-6.43%
Min EPS beat(2)-8.17%
Max EPS beat(2)-4.7%
EPS beat(4)1
Avg EPS beat(4)0.95%
Min EPS beat(4)-8.17%
Max EPS beat(4)16.78%
EPS beat(8)2
Avg EPS beat(8)-4092.72%
EPS beat(12)5
Avg EPS beat(12)-2729.25%
EPS beat(16)8
Avg EPS beat(16)-2040.39%
Revenue beat(2)0
Avg Revenue beat(2)-15.97%
Min Revenue beat(2)-17.8%
Max Revenue beat(2)-14.13%
Revenue beat(4)1
Avg Revenue beat(4)-11.59%
Min Revenue beat(4)-25.44%
Max Revenue beat(4)11.01%
Revenue beat(8)2
Avg Revenue beat(8)-8.37%
Revenue beat(12)6
Avg Revenue beat(12)3.47%
Revenue beat(16)9
Avg Revenue beat(16)3.05%
PT rev (1m)3.34%
PT rev (3m)9.79%
EPS NQ rev (1m)0.77%
EPS NQ rev (3m)-15.18%
EPS NY rev (1m)-0.08%
EPS NY rev (3m)-0.04%
Revenue NQ rev (1m)2.62%
Revenue NQ rev (3m)20.56%
Revenue NY rev (1m)-3.15%
Revenue NY rev (3m)-2.09%
Valuation
Industry RankSector Rank
PE 17.56
Fwd PE 14.31
P/S 1.8
P/FCF N/A
P/OCF 5.41
P/B 1.24
P/tB 1.87
EV/EBITDA 10.11
EPS(TTM)4.26
EY5.7%
EPS(NY)5.23
Fwd EY6.99%
FCF(TTM)-2.13
FCFYN/A
OCF(TTM)13.83
OCFY18.49%
SpS41.62
BVpS60.13
TBVpS40.05
PEG (NY)1.92
PEG (5Y)6.76
Profitability
Industry RankSector Rank
ROA 2.09%
ROE 6.75%
ROCE 5.48%
ROIC 4.09%
ROICexc 4.1%
ROICexgc 4.63%
OM 20.83%
PM (TTM) 9.76%
GM N/A
FCFM N/A
ROA(3y)2.06%
ROA(5y)1.96%
ROE(3y)7.18%
ROE(5y)6.82%
ROIC(3y)3.84%
ROIC(5y)3.98%
ROICexc(3y)3.84%
ROICexc(5y)3.98%
ROICexgc(3y)4.39%
ROICexgc(5y)4.6%
ROCE(3y)5.17%
ROCE(5y)5.31%
ROICexcg growth 3Y-4.17%
ROICexcg growth 5Y0.67%
ROICexc growth 3Y-3.31%
ROICexc growth 5Y1.95%
OM growth 3Y-2.21%
OM growth 5Y3.99%
PM growth 3Y-7.46%
PM growth 5Y-0.15%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.21
Health
Industry RankSector Rank
Debt/Equity 1.24
Debt/FCF N/A
Debt/EBITDA 5.49
Cap/Depr 322.77%
Cap/Sales 38.35%
Interest Coverage 2.48
Cash Conversion 101.59%
Profit Quality N/A
Current Ratio 0.43
Quick Ratio 0.34
Altman-Z 0.71
F-Score6
WACC6.28%
ROIC/WACC0.65
Cap/Depr(3y)267.36%
Cap/Depr(5y)283.77%
Cap/Sales(3y)27.73%
Cap/Sales(5y)29.11%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)14.52%
EPS 3Y-4.51%
EPS 5Y2.6%
EPS Q2Q%4.35%
EPS Next Y9.13%
EPS Next 2Y11.03%
EPS Next 3Y9.15%
EPS Next 5Y6.35%
Revenue 1Y (TTM)-7.1%
Revenue growth 3Y5.07%
Revenue growth 5Y5.84%
Sales Q2Q%-6.84%
Revenue Next Year-5.01%
Revenue Next 2Y0.95%
Revenue Next 3Y0.82%
Revenue Next 5Y2.06%
EBIT growth 1Y13.41%
EBIT growth 3Y2.74%
EBIT growth 5Y10.07%
EBIT Next Year71.86%
EBIT Next 3Y24.6%
EBIT Next 5Y16.25%
FCF growth 1Y75.33%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y911.03%
OCF growth 3Y54%
OCF growth 5Y15.14%