SPIRE INC (SR) Stock Fundamental Analysis
NYSE:SR - New York Stock Exchange, Inc. - US84857L1017 - Common Stock - Currency: USD
We assign a fundamental rating of 3 out of 10 to SR. SR was compared to 14 industry peers in the Gas Utilities industry. While SR is still in line with the averages on profitability rating, there are concerns on its financial health. While showing a medium growth rate, SR is valued expensive at the moment. SR also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year SR was profitable.
SR had a positive operating cash flow in the past year.
In the past 5 years SR has always been profitable.
Each year in the past 5 years SR had a positive operating cash flow.
1.2 Ratios
The Return On Assets of SR (2.09%) is worse than 71.43% 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 78.57% of its industry peers.
With a Return On Invested Capital value of 4.09%, SR is not doing good in the industry: 78.57% of the companies in the same industry are doing better.
Measured over the past 3 years, the Average Return On Invested Capital for SR is below the industry average of 6.34%.
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 Rank | Sector 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%
1.3 Margins
Looking at the Profit Margin, with a value of 9.76%, SR is in line with its industry, outperforming 57.14% of the companies in the same industry.
In the last couple of years the Profit Margin of SR has remained more or less at the same level.
The Operating Margin of SR (20.83%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of SR has grown nicely.
| Industry Rank | Sector 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
2. Health
2.1 Basic Checks
SR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
SR has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, SR has more shares outstanding
SR has a better debt/assets ratio than last year.
2.2 Solvency
SR has an Altman-Z score of 0.72. This is a bad value and indicates that SR is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.72, SR is doing worse than 64.29% of the companies in the same industry.
SR has a Debt/Equity ratio of 1.24. This is a high value indicating a heavy dependency on external financing.
SR has a Debt to Equity ratio of 1.24. This is comparable to the rest of the industry: SR outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.24 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.72 |
ROIC/WACC0.66
WACC6.16%
2.3 Liquidity
A Current Ratio of 0.43 indicates that SR may have some problems paying its short term obligations.
SR has a Current ratio of 0.43. This is amonst the worse of the industry: SR underperforms 92.86% of its industry peers.
SR has a Quick Ratio of 0.43. This is a bad value and indicates that SR is not financially healthy enough and could expect problems in meeting its short term obligations.
SR has a Quick ratio of 0.34. This is amonst the worse of the industry: SR underperforms 92.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.43 | ||
| Quick Ratio | 0.34 |
3. Growth
3.1 Past
SR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.25%, which is quite good.
The Earnings Per Share has been growing slightly by 2.60% on average over the past years.
SR shows a decrease in Revenue. In the last year, the revenue decreased by -2.75%.
The Revenue has been growing slightly by 5.84% on average over the past years.
EPS 1Y (TTM)10.25%
EPS 3Y-4.51%
EPS 5Y2.6%
EPS Q2Q%107.14%
Revenue 1Y (TTM)-2.75%
Revenue growth 3Y5.07%
Revenue growth 5Y5.84%
Sales Q2Q%1.79%
3.2 Future
SR is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.54% yearly.
The Revenue is expected to grow by 2.14% on average over the next years.
EPS Next Y9.18%
EPS Next 2Y11.2%
EPS Next 3Y9.17%
EPS Next 5Y6.54%
Revenue Next Year-6.6%
Revenue Next 2Y-0.75%
Revenue Next 3Y-0.96%
Revenue Next 5Y2.14%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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.
4. Valuation
4.1 Price/Earnings Ratio
SR is valuated rather expensively with a Price/Earnings ratio of 17.16.
Compared to the rest of the industry, the Price/Earnings ratio of SR is on the same level as its industry peers.
When comparing the Price/Earnings ratio of SR to the average of the S&P500 Index (26.99), we can say SR is valued slightly cheaper.
SR is valuated correctly with a Price/Forward Earnings ratio of 14.43.
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 36.36, SR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.16 | ||
| Fwd PE | 14.43 |
4.2 Price Multiples
64.29% of the companies in the same industry are cheaper than SR, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.19 |
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)1.87
PEG (5Y)6.61
EPS Next 2Y11.2%
EPS Next 3Y9.17%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.18%, SR is a good candidate for dividend investing.
SR's Dividend Yield is a higher than the industry average which is at 3.99.
SR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.18% |
5.2 History
On average, the dividend of SR grows each year by 6.49%, which is quite nice.
SR has been paying a dividend for at least 10 years, so it has 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
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 around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP80.76%
EPS Next 2Y11.2%
EPS Next 3Y9.17%
NYSE:SR (8/7/2025, 2:55:09 PM)
75.66
+0.83 (+1.11%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners89.9%
Inst Owner Change0.72%
Ins Owners0.25%
Ins Owner Change0.36%
Market Cap4.41B
Analysts76.47
Price Target83 (9.7%)
Short Float %4.03%
Short Ratio5.14
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.18% |
Yearly Dividend3.29
Dividend Growth(5Y)6.49%
DP80.76%
Div Incr Years10
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-6.52%
Min EPS beat(2)-8.17%
Max EPS beat(2)-4.88%
EPS beat(4)1
Avg EPS beat(4)0.91%
Min EPS beat(4)-8.17%
Max EPS beat(4)16.78%
EPS beat(8)2
Avg EPS beat(8)-4092.74%
EPS beat(12)5
Avg EPS beat(12)-2729.27%
EPS beat(16)8
Avg EPS beat(16)-2040.4%
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)2.87%
PT rev (3m)3.76%
EPS NQ rev (1m)27.96%
EPS NQ rev (3m)33.74%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.03%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.54%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)-4.78%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.16 | ||
| Fwd PE | 14.43 | ||
| P/S | 1.82 | ||
| P/FCF | N/A | ||
| P/OCF | 5.47 | ||
| P/B | 1.26 | ||
| P/tB | 1.89 | ||
| EV/EBITDA | 10.19 |
EPS(TTM)4.41
EY5.83%
EPS(NY)5.24
Fwd EY6.93%
FCF(TTM)-2.13
FCFYN/A
OCF(TTM)13.83
OCFY18.28%
SpS41.62
BVpS60.13
TBVpS40.05
PEG (NY)1.87
PEG (5Y)6.61
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 0.72 |
F-Score6
WACC6.16%
ROIC/WACC0.66
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)10.25%
EPS 3Y-4.51%
EPS 5Y2.6%
EPS Q2Q%107.14%
EPS Next Y9.18%
EPS Next 2Y11.2%
EPS Next 3Y9.17%
EPS Next 5Y6.54%
Revenue 1Y (TTM)-2.75%
Revenue growth 3Y5.07%
Revenue growth 5Y5.84%
Sales Q2Q%1.79%
Revenue Next Year-6.6%
Revenue Next 2Y-0.75%
Revenue Next 3Y-0.96%
Revenue Next 5Y2.14%
EBIT growth 1Y13.41%
EBIT growth 3Y2.74%
EBIT growth 5Y10.07%
EBIT Next Year67.6%
EBIT Next 3Y24.9%
EBIT Next 5Y16.44%
FCF growth 1Y75.33%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y911.03%
OCF growth 3Y54%
OCF growth 5Y15.14%