SPIE SA (SPIE.PA) Stock Fundamental Analysis
Europe - Euronext Paris - EPA:SPIE - FR0012757854 - Common Stock
46.9 EUR
+0.94 (+2.05%)
Taking everything into account, SPIE scores 4 out of 10 in our fundamental rating. SPIE was compared to 44 industry peers in the Commercial Services & Supplies industry. While SPIE is still in line with the averages on profitability rating, there are concerns on its financial health. SPIE is valued correctly, but it does not seem to be growing.
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.
- SPIE had positive earnings in each of the past 5 years.
- In the past 5 years SPIE always reported a positive cash flow from operatings.
1.2 Ratios
- With a Return On Assets value of 2.01%, SPIE perfoms like the industry average, outperforming 54.55% of the companies in the same industry.
- SPIE has a better Return On Equity (10.65%) than 61.36% of its industry peers.
- SPIE has a Return On Invested Capital of 7.04%. This is in the better half of the industry: SPIE outperforms 61.36% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for SPIE is below the industry average of 8.58%.
- The 3 year average ROIC (6.03%) for SPIE is below the current ROIC(7.04%), indicating increased profibility in the last year.
| Industry Rank | Sector 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%
1.3 Margins
- SPIE's Profit Margin of 1.98% is in line compared to the rest of the industry. SPIE outperforms 52.27% of its industry peers.
- SPIE's Profit Margin has improved in the last couple of years.
- SPIE's Operating Margin of 5.71% is in line compared to the rest of the industry. SPIE outperforms 59.09% of its industry peers.
- SPIE's Operating Margin has improved in the last couple of years.
- SPIE has a Gross Margin (42.40%) which is comparable to the rest of the industry.
- In the last couple of years the Gross Margin of SPIE has remained more or less at the same level.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
- SPIE has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- Compared to 1 year ago, SPIE has more shares outstanding
- Compared to 5 years ago, SPIE has more shares outstanding
- SPIE has a worse debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 1.73, we must say that SPIE is in the distress zone and has some risk of bankruptcy.
- The Altman-Z score of SPIE (1.73) 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.
- SPIE has a better Debt to FCF ratio (2.77) than 84.09% of its industry peers.
- A Debt/Equity ratio of 1.16 is on the high side and indicates that SPIE has dependencies on debt financing.
- SPIE has a Debt to Equity ratio of 1.16. This is in the lower half of the industry: SPIE underperforms 63.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.16 | ||
| Debt/FCF | 2.77 | ||
| Altman-Z | 1.73 |
ROIC/WACC1.01
WACC6.98%
2.3 Liquidity
- A Current Ratio of 0.77 indicates that SPIE may have some problems paying its short term obligations.
- SPIE has a worse Current ratio (0.77) than 77.27% of its industry peers.
- 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 70.45% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.77 | ||
| Quick Ratio | 0.76 |
3. Growth
3.1 Past
- SPIE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -11.55%.
- Measured over the past years, SPIE shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.04% on average per year.
- SPIE shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.87%.
- 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 5.78% yearly.
- The Revenue is expected to grow by 4.41% on average over the next years.
EPS Next Y5.3%
EPS Next 2Y9.71%
EPS Next 3Y9.21%
EPS Next 5Y5.78%
Revenue Next Year5.59%
Revenue Next 2Y5.38%
Revenue Next 3Y5.3%
Revenue Next 5Y4.41%
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.
- 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
- SPIE is valuated quite expensively with a Price/Earnings ratio of 39.75.
- Compared to the rest of the industry, the Price/Earnings ratio of SPIE is on the same level as its industry peers.
- SPIE's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.25.
- A Price/Forward Earnings ratio of 14.86 indicates a correct valuation of SPIE.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of SPIE indicates a somewhat cheap valuation: SPIE is cheaper than 65.91% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.98, SPIE is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.75 | ||
| Fwd PE | 14.86 |
4.2 Price Multiples
- SPIE's Enterprise Value to EBITDA is on the same level as the industry average.
- Based on the Price/Free Cash Flow ratio, SPIE is valued a bit cheaper than 79.55% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.11 | ||
| EV/EBITDA | 10.37 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- The decent profitability rating of SPIE may justify a higher PE ratio.
PEG (NY)7.49
PEG (5Y)3.6
EPS Next 2Y9.71%
EPS Next 3Y9.21%
5. Dividend
5.1 Amount
- SPIE has a Yearly Dividend Yield of 2.23%. Purely for dividend investing, there may be better candidates out there.
- SPIE's Dividend Yield is a higher than the industry average which is at 2.60.
- SPIE's Dividend Yield is a higher than the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.23% |
5.2 History
- The dividend of SPIE is nicely growing with an annual growth rate of 8.23%!
Dividend Growth(5Y)8.23%
Div Incr Years4
Div Non Decr Years4
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 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 39.75 and the Price/Book (PB) ratio is 4.14.
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%.