SPIE SA (SPIE.PA) Stock Fundamental Analysis
Europe - Euronext Paris - EPA:SPIE - FR0012757854 - Common Stock
46.92 EUR
-0.18 (-0.38%)
Overall SPIE gets a fundamental rating of 4 out of 10. We evaluated SPIE against 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 does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
- SPIE had positive earnings in the past year.
- SPIE had a positive operating cash flow in the past year.
- 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.
1.2 Ratios
- The Return On Assets of SPIE (2.01%) is comparable to the rest of the industry.
- SPIE's Return On Equity of 10.65% is fine compared to the rest of the industry. SPIE outperforms 60.47% 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 60.47% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for SPIE is below the industry average of 8.49%.
- 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
- With a Profit Margin value of 1.98%, SPIE perfoms like the industry average, outperforming 51.16% of the companies in the same industry.
- 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 58.14% of its industry peers.
- SPIE's Operating Margin has improved in the last couple of years.
- Looking at the Gross Margin, with a value of 42.40%, SPIE is in line with its industry, outperforming 46.51% of the companies in the same industry.
- SPIE's Gross Margin has been stable in the last couple of years.
| 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
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SPIE is still creating some value.
- SPIE has more shares outstanding than it did 1 year ago.
- Compared to 5 years ago, SPIE has more shares outstanding
- The debt/assets ratio for SPIE is higher compared to a year ago.
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.
- The Altman-Z score of SPIE (1.74) 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 86.05% of its industry peers.
- SPIE has a Debt/Equity ratio of 1.16. This is a high value indicating a heavy dependency on external financing.
- Looking at the Debt to Equity ratio, with a value of 1.16, SPIE is doing worse than 62.79% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.16 | ||
| Debt/FCF | 2.77 | ||
| Altman-Z | 1.74 |
ROIC/WACC1.01
WACC6.99%
2.3 Liquidity
- A Current Ratio of 0.77 indicates that SPIE may have some problems paying its short term obligations.
- The Current ratio of SPIE (0.77) is worse than 79.07% of its industry peers.
- A Quick Ratio of 0.76 indicates that SPIE may have some problems paying its short term obligations.
- SPIE has a worse Quick ratio (0.76) than 69.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.77 | ||
| Quick Ratio | 0.76 |
3. Growth
3.1 Past
- The earnings per share for SPIE have decreased strongly by -11.55% in the last year.
- SPIE shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.04% yearly.
- 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
- The Earnings Per Share is expected to grow by 5.78% on average over the next years.
- 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.
- 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
- With a Price/Earnings ratio of 39.76, SPIE can be considered very expensive at the moment.
- The rest of the industry has a similar Price/Earnings ratio as SPIE.
- SPIE's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.21.
- A Price/Forward Earnings ratio of 14.87 indicates a correct valuation of SPIE.
- SPIE's Price/Forward Earnings is on the same level as the industry average.
- The average S&P500 Price/Forward Earnings ratio is at 24.26. SPIE is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.76 | ||
| Fwd PE | 14.87 |
4.2 Price Multiples
- SPIE's Enterprise Value to EBITDA ratio is in line with the industry average.
- SPIE's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. SPIE is cheaper than 79.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.12 | ||
| EV/EBITDA | 10.57 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- SPIE has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)7.5
PEG (5Y)3.6
EPS Next 2Y9.71%
EPS Next 3Y9.21%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 2.22%, SPIE has a reasonable but not impressive dividend return.
- SPIE's Dividend Yield is a higher than the industry average which is at 2.54.
- Compared to an average S&P500 Dividend Yield of 1.82, SPIE pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.22% |
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
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 3 / 10 to SPIE SA (SPIE.PA). This can be considered as Overvalued.
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 39.76 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%.