SPIE SA (SPIE.PA) Stock Fundamental Analysis
Europe - Euronext Paris - EPA:SPIE - FR0012757854 - Common Stock
46.64 EUR
-0.62 (-1.31%)
We assign a fundamental rating of 4 out of 10 to SPIE. 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 has a valuation in line with the averages, but on the other hand it scores bad on growth.
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
- SPIE has a Return On Assets (2.01%) which is comparable to the rest of the industry.
- With a decent Return On Equity value of 10.65%, SPIE is doing good in the industry, outperforming 61.36% of the companies in the same industry.
- SPIE has a better Return On Invested Capital (7.04%) than 61.36% 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 8.58%.
- 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
- SPIE has a Profit Margin (1.98%) which is comparable to the rest of the industry.
- SPIE's Profit Margin has improved in the last couple of years.
- SPIE has a Operating Margin (5.71%) which is in line with 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 50.00% 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
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SPIE is creating some value.
- Compared to 1 year ago, SPIE has more shares outstanding
- SPIE has more shares outstanding than it did 5 years ago.
- 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.
- SPIE's Altman-Z score of 1.74 is in line compared to the rest of the industry. SPIE outperforms 47.73% of 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.
- SPIE has a Debt/Equity ratio of 1.16. This is a high value indicating a heavy dependency on external 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 | 1.74 |
ROIC/WACC1.01
WACC7%
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.
- SPIE has a Quick Ratio of 0.77. This is a bad value and indicates that SPIE is not financially healthy enough and could expect problems in meeting its short term obligations.
- The Quick ratio of SPIE (0.76) is worse than 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.
- The Revenue has grown by 10.87% in the past year. This is quite good.
- Measured over the past years, SPIE shows a small growth in Revenue. The Revenue has been growing by 7.24% on average per year.
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
- Based on estimates for the next years, SPIE will show a small growth in Earnings Per Share. The EPS will grow by 5.78% on average per year.
- SPIE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.41% yearly.
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
- The Price/Earnings ratio is 39.53, 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.
- Compared to an average S&P500 Price/Earnings ratio of 28.82, SPIE is valued a bit more expensive.
- The Price/Forward Earnings ratio is 14.78, which 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 63.64% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.95, SPIE is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.53 | ||
| Fwd PE | 14.78 |
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 79.55% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.07 | ||
| EV/EBITDA | 10.6 |
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)7.45
PEG (5Y)3.58
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
- 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.
- The dividend of SPIE is growing, but the earnings are growing slower. 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 39.53 and the Price/Book (PB) ratio is 4.12.
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%.