SPIE SA (SPIE.PA) Stock Fundamental Analysis
Europe • Euronext Paris • EPA:SPIE • FR0012757854
46.2 EUR
-0.5 (-1.07%)
Last: Jan 30, 2026, 07:00 PM
SPIE gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 44 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 is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- In the past year SPIE was profitable.
- 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.
1.2 Ratios
- Looking at the Return On Assets, with a value of 2.01%, SPIE is in line with its industry, 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.
- With a decent Return On Invested Capital value of 7.04%, SPIE is doing good in the industry, outperforming 61.36% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for SPIE is below the industry average of 8.58%.
- The last Return On Invested Capital (7.04%) for SPIE is above the 3 year average (6.03%), which is a sign of increasing profitability.
| 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
- The Profit Margin of SPIE (1.98%) is comparable to the rest of the industry.
- In the last couple of years the Profit Margin of SPIE has grown nicely.
- SPIE has a Operating Margin (5.71%) which is comparable to the rest of the industry.
- SPIE's Operating Margin has improved in the last couple of years.
- SPIE has a Gross Margin of 42.40%. This is comparable to the rest of the industry: SPIE outperforms 50.00% 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 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
- SPIE has an Altman-Z score of 1.73. 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 (1.73) which is in line with its industry peers.
- 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 84.09% of the companies in the same industry.
- A Debt/Equity ratio of 1.16 is on the high side and indicates that SPIE has dependencies on debt financing.
- SPIE's Debt to Equity ratio of 1.16 is on the low side compared to the rest of the industry. SPIE is outperformed by 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 Current ratio of 0.77. This is in the lower half of the industry: SPIE underperforms 77.27% of its industry peers.
- A Quick Ratio of 0.76 indicates that SPIE may have some problems paying its short term obligations.
- SPIE's Quick ratio of 0.76 is on the low side compared to the rest of the industry. SPIE is outperformed by 70.45% of its industry peers.
| 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%.
- The Earnings Per Share has been growing by 11.04% on average over the past years. This is quite good.
- Looking at the last year, SPIE shows a quite strong growth in Revenue. The Revenue has grown by 10.87% in the last year.
- The Revenue has been growing slightly by 7.24% on average over the past years.
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.
- Based on estimates for the next years, SPIE will show a small growth in Revenue. The Revenue will grow by 4.41% on average per year.
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.
- 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
- The Price/Earnings ratio is 39.15, which means the current valuation is very expensive for SPIE.
- Compared to the rest of the industry, the Price/Earnings ratio of SPIE is on the same level as its industry peers.
- SPIE is valuated rather expensively when we compare the Price/Earnings ratio to 28.32, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 14.64, which indicates a correct valuation of SPIE.
- 65.91% of the companies in the same industry are more expensive than SPIE, based on the Price/Forward Earnings ratio.
- SPIE is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.57, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.15 | ||
| Fwd PE | 14.64 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as SPIE.
- 79.55% of the companies in the same industry are more expensive than SPIE, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.99 | ||
| EV/EBITDA | 10.41 |
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.
- The decent profitability rating of SPIE may justify a higher PE ratio.
PEG (NY)7.38
PEG (5Y)3.55
EPS Next 2Y9.71%
EPS Next 3Y9.21%
5. Dividend
5.1 Amount
- SPIE has a Yearly Dividend Yield of 2.25%.
- Compared to an average industry Dividend Yield of 2.64, SPIE pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.83, SPIE pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.25% |
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 39.15 and the Price/Book (PB) ratio is 4.08.
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%.