SPIE SA (SPIE.PA) Stock Fundamental Analysis

EPA:SPIE • FR0012757854

50.35 EUR
+0.35 (+0.7%)
Last: Feb 17, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to SPIE. SPIE was compared to 43 industry peers in the Commercial Services & Supplies industry. There are concerns on the financial health of SPIE while its profitability can be described as average. SPIE has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • SPIE had positive earnings in the past year.
  • In the past year SPIE had a positive cash flow from operations.
  • 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 200M 400M 600M 800M

1.2 Ratios

  • The Return On Assets of SPIE (2.01%) is comparable to the rest of the industry.
  • The Return On Equity of SPIE (10.65%) is comparable to the rest of the industry.
  • SPIE has a Return On Invested Capital of 7.04%. This is comparable to the rest of the industry: SPIE outperforms 58.14% of its industry peers.
  • SPIE had an Average Return On Invested Capital over the past 3 years of 6.03%. This is below the industry average of 8.78%.
  • The 3 year average ROIC (6.03%) for SPIE is below the current ROIC(7.04%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 2.01%
ROE 10.65%
ROIC 7.04%
ROA(3y)2.35%
ROA(5y)1.93%
ROE(3y)11.13%
ROE(5y)9.39%
ROIC(3y)6.03%
ROIC(5y)5.21%
SPIE.PA Yearly ROA, ROE, ROICSPIE.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • SPIE has a Profit Margin of 1.98%. This is comparable to the rest of the industry: SPIE outperforms 51.16% of its industry peers.
  • SPIE's Profit Margin has improved in the last couple of years.
  • SPIE has a Operating Margin of 5.71%. This is comparable to the rest of the industry: SPIE outperforms 58.14% of its industry peers.
  • In the last couple of years the Operating Margin of SPIE has grown nicely.
  • SPIE has a Gross Margin of 42.40%. This is comparable to the rest of the industry: SPIE outperforms 48.84% of its industry peers.
  • In the last couple of years the Gross Margin of SPIE has remained more or less at the same level.
Industry RankSector Rank
OM 5.71%
PM (TTM) 1.98%
GM 42.4%
OM growth 3Y4.33%
OM growth 5Y2.86%
PM growth 3Y4.43%
PM growth 5Y5.05%
GM growth 3Y-0.29%
GM growth 5Y0.26%
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 10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SPIE is destroying value.
  • SPIE has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for SPIE has been increased compared to 5 years ago.
  • The debt/assets ratio for SPIE is higher 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 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 2B 4B 6B 8B

2.2 Solvency

  • SPIE has an Altman-Z score of 1.78. This is a bad value and indicates that SPIE is not financially healthy and even has some risk of bankruptcy.
  • SPIE has a Altman-Z score (1.78) which is comparable to the rest of the industry.
  • The Debt to FCF ratio of SPIE is 2.77, which is a good value as it means it would take SPIE, 2.77 years of fcf income to pay off all of its debts.
  • With an excellent Debt to FCF ratio value of 2.77, SPIE belongs to the best of the industry, outperforming 83.72% of the companies in the same industry.
  • SPIE has a Debt/Equity ratio of 1.16. This is a high value indicating a heavy dependency on external financing.
  • SPIE has a worse Debt to Equity ratio (1.16) than 60.47% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.16
Debt/FCF 2.77
Altman-Z 1.78
ROIC/WACC1
WACC7.07%
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 500M 1B 1.5B 2B

2.3 Liquidity

  • A Current Ratio of 0.77 indicates that SPIE may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.77, SPIE is doing worse than 76.74% of the companies in the same industry.
  • A Quick Ratio of 0.76 indicates that SPIE may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.76, SPIE is doing worse than 67.44% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.77
Quick Ratio 0.76
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 1B 2B 3B 4B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • The earnings per share for SPIE have decreased strongly by -11.55% in the last year.
  • The Earnings Per Share has been growing by 11.04% on average over the past years. This is quite good.
  • The Revenue has grown by 10.87% in the past year. This is quite good.
  • SPIE shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.24% yearly.
EPS 1Y (TTM)-11.55%
EPS 3Y15.57%
EPS 5Y11.04%
EPS Q2Q%-123.26%
Revenue 1Y (TTM)10.87%
Revenue growth 3Y12.35%
Revenue growth 5Y7.24%
Sales Q2Q%7.26%

3.2 Future

  • SPIE is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.79% yearly.
  • The Revenue is expected to grow by 4.40% on average over the next years.
EPS Next Y5.3%
EPS Next 2Y9.71%
EPS Next 3Y9.21%
EPS Next 5Y5.79%
Revenue Next Year5.59%
Revenue Next 2Y5.38%
Revenue Next 3Y5.3%
Revenue Next 5Y4.4%

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 decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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. Valuation

4.1 Price/Earnings Ratio

  • SPIE is valuated quite expensively with a Price/Earnings ratio of 42.67.
  • SPIE's Price/Earnings ratio is in line with the industry average.
  • When comparing the Price/Earnings ratio of SPIE to the average of the S&P500 Index (27.16), we can say SPIE is valued expensively.
  • Based on the Price/Forward Earnings ratio of 15.96, the valuation of SPIE can be described as correct.
  • 60.47% 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 28.10.
Industry RankSector Rank
PE 42.67
Fwd PE 15.96
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

  • SPIE's Enterprise Value to EBITDA ratio is in line with the industry average.
  • Based on the Price/Free Cash Flow ratio, SPIE is valued a bit cheaper than 79.07% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.82
EV/EBITDA 11.18
SPIE.PA Per share dataSPIE.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 40 60

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates SPIE does not grow enough to justify the current Price/Earnings ratio.
  • SPIE has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)8.04
PEG (5Y)3.86
EPS Next 2Y9.71%
EPS Next 3Y9.21%

More info and screens

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

4

5. Dividend

5.1 Amount

  • SPIE has a Yearly Dividend Yield of 2.15%.
  • Compared to an average industry Dividend Yield of 2.56, SPIE pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, SPIE has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.15%

5.2 History

  • On average, the dividend of SPIE grows each year by 8.23%, which is quite nice.
Dividend Growth(5Y)8.23%
Div Incr Years4
Div Non Decr Years4
SPIE.PA Yearly Dividends per shareSPIE.PA Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • SPIE pays out 82.94% of its income as dividend. This is not a sustainable payout ratio.
  • SPIE's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP82.94%
EPS Next 2Y9.71%
EPS Next 3Y9.21%
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 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 SA

EPA:SPIE (2/17/2026, 7:00:00 PM)

50.35

+0.35 (+0.7%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)10-31
Earnings (Next)03-06
Inst Owners55.9%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap8.57B
Revenue(TTM)10.26B
Net Income(TTM)202.63M
Analysts83.53
Price Target56.05 (11.32%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.15%
Yearly Dividend0.86
Dividend Growth(5Y)8.23%
DP82.94%
Div Incr Years4
Div Non Decr Years4
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)1.29%
PT rev (3m)1.95%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)1.75%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.42%
Valuation
Industry RankSector Rank
PE 42.67
Fwd PE 15.96
P/S 0.84
P/FCF 8.82
P/OCF 8.15
P/B 4.5
P/tB N/A
EV/EBITDA 11.18
EPS(TTM)1.18
EY2.34%
EPS(NY)3.16
Fwd EY6.27%
FCF(TTM)5.71
FCFY11.34%
OCF(TTM)6.18
OCFY12.27%
SpS60.28
BVpS11.18
TBVpS-20.79
PEG (NY)8.04
PEG (5Y)3.86
Graham Number17.23
Profitability
Industry RankSector Rank
ROA 2.01%
ROE 10.65%
ROCE 10.56%
ROIC 7.04%
ROICexc 7.47%
ROICexgc N/A
OM 5.71%
PM (TTM) 1.98%
GM 42.4%
FCFM 9.47%
ROA(3y)2.35%
ROA(5y)1.93%
ROE(3y)11.13%
ROE(5y)9.39%
ROIC(3y)6.03%
ROIC(5y)5.21%
ROICexc(3y)7.59%
ROICexc(5y)6.66%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)9.16%
ROCE(5y)7.87%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y7.51%
ROICexc growth 5Y5.56%
OM growth 3Y4.33%
OM growth 5Y2.86%
PM growth 3Y4.43%
PM growth 5Y5.05%
GM growth 3Y-0.29%
GM growth 5Y0.26%
F-Score5
Asset Turnover1.02
Health
Industry RankSector Rank
Debt/Equity 1.16
Debt/FCF 2.77
Debt/EBITDA 2.27
Cap/Depr 20.73%
Cap/Sales 0.78%
Interest Coverage 250
Cash Conversion 108.25%
Profit Quality 479.54%
Current Ratio 0.77
Quick Ratio 0.76
Altman-Z 1.78
F-Score5
WACC7.07%
ROIC/WACC1
Cap/Depr(3y)23.51%
Cap/Depr(5y)24.99%
Cap/Sales(3y)0.8%
Cap/Sales(5y)0.87%
Profit Quality(3y)305.11%
Profit Quality(5y)422.03%
High Growth Momentum
Growth
EPS 1Y (TTM)-11.55%
EPS 3Y15.57%
EPS 5Y11.04%
EPS Q2Q%-123.26%
EPS Next Y5.3%
EPS Next 2Y9.71%
EPS Next 3Y9.21%
EPS Next 5Y5.79%
Revenue 1Y (TTM)10.87%
Revenue growth 3Y12.35%
Revenue growth 5Y7.24%
Sales Q2Q%7.26%
Revenue Next Year5.59%
Revenue Next 2Y5.38%
Revenue Next 3Y5.3%
Revenue Next 5Y4.4%
EBIT growth 1Y20.7%
EBIT growth 3Y17.21%
EBIT growth 5Y10.31%
EBIT Next Year70.92%
EBIT Next 3Y24.62%
EBIT Next 5Y16.49%
FCF growth 1Y91.09%
FCF growth 3Y22.83%
FCF growth 5Y18.09%
OCF growth 1Y85.78%
OCF growth 3Y21.29%
OCF growth 5Y16.33%

SPIE SA / SPIE.PA 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.


What is the profitability of SPIE stock?

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


Can you provide the PE and PB ratios for SPIE stock?

The Price/Earnings (PE) ratio for SPIE SA (SPIE.PA) is 42.67 and the Price/Book (PB) ratio is 4.5.


Can you provide the dividend sustainability for SPIE stock?

The dividend rating of SPIE SA (SPIE.PA) is 4 / 10 and the dividend payout ratio is 82.94%.