SPIE SA (SPIE.PA) Fundamental Analysis & Valuation

EPA:SPIE • FR0012757854

Current stock price

44.02 EUR
+0.08 (+0.18%)
Last:

This SPIE.PA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. SPIE.PA Profitability Analysis

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.
  • In the past 5 years SPIE always reported a positive cash flow from operatings.
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 2025 200M 400M 600M 800M

1.2 Ratios

  • The Return On Assets of SPIE (1.71%) is comparable to the rest of the industry.
  • The Return On Equity of SPIE (8.20%) is comparable to the rest of the industry.
  • SPIE has a Return On Invested Capital of 6.53%. This is in the better half of the industry: SPIE outperforms 60.47% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for SPIE is below the industry average of 8.36%.
  • The 3 year average ROIC (6.21%) for SPIE is below the current ROIC(6.53%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 1.71%
ROE 8.2%
ROIC 6.53%
ROA(3y)2.35%
ROA(5y)2.14%
ROE(3y)11.19%
ROE(5y)10.34%
ROIC(3y)6.21%
ROIC(5y)5.65%
SPIE.PA Yearly ROA, ROE, ROICSPIE.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • Looking at the Profit Margin, with a value of 1.70%, SPIE is in line with its industry, outperforming 53.49% of the companies in the same industry.
  • In the last couple of years the Profit Margin of SPIE has grown nicely.
  • SPIE has a Operating Margin of 5.69%. This is in the better half of the industry: SPIE outperforms 60.47% of its industry peers.
  • SPIE's Operating Margin has improved in the last couple of years.
  • SPIE has a Gross Margin of 45.06%. 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 5.69%
PM (TTM) 1.7%
GM 45.06%
OM growth 3Y3.45%
OM growth 5Y8.85%
PM growth 3Y-3.15%
PM growth 5Y16.25%
GM growth 3Y1.59%
GM growth 5Y0.36%
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 2025 10 20 30 40

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3

2. SPIE.PA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SPIE is destroying value.
  • The number of shares outstanding for SPIE has been increased compared to 1 year ago.
  • Compared to 5 years ago, SPIE has more shares outstanding
  • Compared to 1 year ago, SPIE has an improved debt to assets ratio.
SPIE.PA Yearly Shares OutstandingSPIE.PA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 2B 4B 6B 8B 10B

2.2 Solvency

  • Based on the Altman-Z score of 1.74, we must say that SPIE is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.74, SPIE is in line with its industry, outperforming 48.84% of the companies in the same industry.
  • The Debt to FCF ratio of SPIE is 2.65, which is a good value as it means it would take SPIE, 2.65 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 2.65, SPIE belongs to the top of the industry, outperforming 86.05% of the companies in the same industry.
  • SPIE has a Debt/Equity ratio of 0.86. This is a neutral value indicating SPIE is somewhat dependend on debt financing.
  • SPIE's Debt to Equity ratio of 0.86 is in line compared to the rest of the industry. SPIE outperforms 48.84% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.86
Debt/FCF 2.65
Altman-Z 1.74
ROIC/WACC0.95
WACC6.85%
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 2025 500M 1B 1.5B 2B

2.3 Liquidity

  • SPIE has a Current Ratio of 0.80. This is a bad value and indicates that SPIE is not financially healthy enough and could expect problems in meeting its short term obligations.
  • SPIE's Current ratio of 0.80 is on the low side compared to the rest of the industry. SPIE is outperformed by 79.07% of its industry peers.
  • A Quick Ratio of 0.79 indicates that SPIE may have some problems paying its short term obligations.
  • SPIE has a worse Quick ratio (0.79) than 67.44% of its industry peers.
Industry RankSector Rank
Current Ratio 0.8
Quick Ratio 0.79
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 2025 1B 2B 3B 4B

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4

3. SPIE.PA Growth Analysis

3.1 Past

  • The earnings per share for SPIE have decreased strongly by -36.05% in the last year.
  • The Earnings Per Share has been growing by 25.08% on average over the past years. This is a very strong growth
  • The Revenue has been growing slightly by 4.81% in the past year.
  • Measured over the past years, SPIE shows a quite strong growth in Revenue. The Revenue has been growing by 9.32% on average per year.
EPS 1Y (TTM)-36.05%
EPS 3Y4.2%
EPS 5Y25.08%
EPS Q2Q%-12.2%
Revenue 1Y (TTM)4.81%
Revenue growth 3Y8.62%
Revenue growth 5Y9.32%
Sales Q2Q%93.72%

3.2 Future

  • Based on estimates for the next years, SPIE will show a small growth in Earnings Per Share. The EPS will grow by 5.60% on average per year.
  • Based on estimates for the next years, SPIE will show a small growth in Revenue. The Revenue will grow by 3.33% on average per year.
EPS Next Y11.46%
EPS Next 2Y10.04%
EPS Next 3Y7.04%
EPS Next 5Y5.6%
Revenue Next Year6.43%
Revenue Next 2Y6.35%
Revenue Next 3Y6.67%
Revenue Next 5Y3.33%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • 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. SPIE.PA Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 43.16 indicates a quite expensive valuation of SPIE.
  • The rest of the industry has a similar Price/Earnings ratio as SPIE.
  • SPIE is valuated expensively when we compare the Price/Earnings ratio to 25.60, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 14.00 indicates a correct valuation of SPIE.
  • SPIE's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SPIE is cheaper than 69.77% of the companies in the same industry.
  • SPIE's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.84.
Industry RankSector Rank
PE 43.16
Fwd PE 14
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 is on the same level as the industry average.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of SPIE indicates a somewhat cheap valuation: SPIE is cheaper than 79.07% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 9.23
EV/EBITDA 8.38
SPIE.PA Per share dataSPIE.PA 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 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)3.77
PEG (5Y)1.72
EPS Next 2Y10.04%
EPS Next 3Y7.04%

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3

5. SPIE.PA Dividend Analysis

5.1 Amount

  • SPIE has a Yearly Dividend Yield of 2.54%.
  • Compared to an average industry Dividend Yield of 2.01, SPIE pays a bit more dividend than its industry peers.
  • SPIE's Dividend Yield is a higher than the S&P500 average which is at 1.90.
Industry RankSector Rank
Dividend Yield 2.54%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years5
Div Non Decr Years5
SPIE.PA Yearly Dividends per shareSPIE.PA Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • SPIE pays out 100.06% of its income as dividend. This is not a sustainable payout ratio.
DP100.06%
EPS Next 2Y10.04%
EPS Next 3Y7.04%
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 2025 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.PA Fundamentals: All Metrics, Ratios and Statistics

SPIE SA

EPA:SPIE (4/2/2026, 7:00:00 PM)

44.02

+0.08 (+0.18%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)03-06
Earnings (Next)04-24
Inst Owners58.15%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap7.49B
Revenue(TTM)10.40B
Net Income(TTM)176.40M
Analysts83.75
Price Target56.51 (28.37%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.54%
Yearly Dividend1.04
Dividend Growth(5Y)N/A
DP100.06%
Div Incr Years5
Div Non Decr Years5
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)0.82%
PT rev (3m)2.12%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)1.96%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.95%
Revenue NY rev (3m)1.24%
Valuation
Industry RankSector Rank
PE 43.16
Fwd PE 14
P/S 0.72
P/FCF 9.23
P/OCF 8.45
P/B 3.48
P/tB N/A
EV/EBITDA 8.38
EPS(TTM)1.02
EY2.32%
EPS(NY)3.14
Fwd EY7.14%
FCF(TTM)4.77
FCFY10.84%
OCF(TTM)5.21
OCFY11.84%
SpS61.09
BVpS12.65
TBVpS-19.54
PEG (NY)3.77
PEG (5Y)1.72
Graham Number17.04
Profitability
Industry RankSector Rank
ROA 1.71%
ROE 8.2%
ROCE 10.23%
ROIC 6.53%
ROICexc 7.56%
ROICexgc N/A
OM 5.69%
PM (TTM) 1.7%
GM 45.06%
FCFM 7.81%
ROA(3y)2.35%
ROA(5y)2.14%
ROE(3y)11.19%
ROE(5y)10.34%
ROIC(3y)6.21%
ROIC(5y)5.65%
ROICexc(3y)7.46%
ROICexc(5y)7.04%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)9.78%
ROCE(5y)8.9%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y2.42%
ROICexc growth 5Y11.78%
OM growth 3Y3.45%
OM growth 5Y8.85%
PM growth 3Y-3.15%
PM growth 5Y16.25%
GM growth 3Y1.59%
GM growth 5Y0.36%
F-Score7
Asset Turnover1.01
Health
Industry RankSector Rank
Debt/Equity 0.86
Debt/FCF 2.65
Debt/EBITDA 1.76
Cap/Depr 16.34%
Cap/Sales 0.72%
Interest Coverage 250
Cash Conversion 84.38%
Profit Quality 460.26%
Current Ratio 0.8
Quick Ratio 0.79
Altman-Z 1.74
F-Score7
WACC6.85%
ROIC/WACC0.95
Cap/Depr(3y)20.57%
Cap/Depr(5y)22.92%
Cap/Sales(3y)0.77%
Cap/Sales(5y)0.82%
Profit Quality(3y)346.01%
Profit Quality(5y)328.22%
High Growth Momentum
Growth
EPS 1Y (TTM)-36.05%
EPS 3Y4.2%
EPS 5Y25.08%
EPS Q2Q%-12.2%
EPS Next Y11.46%
EPS Next 2Y10.04%
EPS Next 3Y7.04%
EPS Next 5Y5.6%
Revenue 1Y (TTM)4.81%
Revenue growth 3Y8.62%
Revenue growth 5Y9.32%
Sales Q2Q%93.72%
Revenue Next Year6.43%
Revenue Next 2Y6.35%
Revenue Next 3Y6.67%
Revenue Next 5Y3.33%
EBIT growth 1Y7.84%
EBIT growth 3Y12.37%
EBIT growth 5Y19%
EBIT Next Year61.32%
EBIT Next 3Y23.57%
EBIT Next 5Y17.7%
FCF growth 1Y-2.41%
FCF growth 3Y16.65%
FCF growth 5Y10.43%
OCF growth 1Y-3.65%
OCF growth 3Y15.38%
OCF growth 5Y9.62%

SPIE SA / SPIE.PA Fundamental Analysis 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.


Can you provide the profitability details for SPIE SA?

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


Can you provide the expected EPS growth for SPIE stock?

The Earnings per Share (EPS) of SPIE SA (SPIE.PA) is expected to grow by 11.46% in the next year.


Is the dividend of SPIE SA sustainable?

The dividend rating of SPIE SA (SPIE.PA) is 3 / 10 and the dividend payout ratio is 100.06%.