SPIE SA (SPIE.PA) Stock Fundamental Analysis

EPA:SPIE • FR0012757854

52.4 EUR
+1.15 (+2.24%)
Last: Feb 24, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

SPIE gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 43 industry peers in the Commercial Services & Supplies industry. SPIE has a medium profitability rating, but doesn't score so well on its financial health evaluation. SPIE has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

6

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.
  • In the past 5 years SPIE has always been profitable.
  • SPIE had a positive operating cash flow in each of the past 5 years.
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 200M 400M 600M 800M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 2.01%, SPIE is in line with its industry, outperforming 51.16% of the companies in the same industry.
  • With a decent Return On Equity value of 10.65%, SPIE is doing good in the industry, outperforming 60.47% of the companies in the same industry.
  • 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.
  • SPIE had an Average Return On Invested Capital over the past 3 years of 6.03%. This is below the industry average of 8.68%.
  • 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 RankSector 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%
SPIE.PA Yearly ROA, ROE, ROICSPIE.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • SPIE has a Profit Margin of 1.98%. This is comparable to the rest of the industry: SPIE outperforms 51.16% of its industry peers.
  • In the last couple of years the Profit Margin of SPIE has grown nicely.
  • Looking at the Operating Margin, with a value of 5.71%, SPIE is in line with its industry, outperforming 58.14% of the companies in the same industry.
  • In the last couple of years the Operating Margin of SPIE has grown nicely.
  • SPIE has a Gross Margin (42.40%) which is in line with its industry peers.
  • SPIE's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
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 10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • SPIE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • SPIE has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, SPIE has more shares outstanding
  • SPIE has a worse debt/assets ratio than last year.
SPIE.PA Yearly Shares OutstandingSPIE.PA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 2B 4B 6B 8B

2.2 Solvency

  • SPIE has an Altman-Z score of 1.80. This is a bad value and indicates that SPIE is not financially healthy and even has some risk of bankruptcy.
  • With a Altman-Z score value of 1.80, SPIE perfoms like the industry average, outperforming 53.49% of the companies in the same 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.
  • With an excellent Debt to FCF ratio value of 2.77, SPIE belongs to the best of the industry, outperforming 83.72% 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 worse Debt to Equity ratio (1.16) than 60.47% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.16
Debt/FCF 2.77
Altman-Z 1.8
ROIC/WACC0.99
WACC7.08%
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 500M 1B 1.5B 2B

2.3 Liquidity

  • SPIE has a Current 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.
  • SPIE has a worse Current ratio (0.77) than 76.74% of its industry peers.
  • A Quick Ratio of 0.76 indicates that SPIE may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.76, SPIE is not doing good in the industry: 67.44% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.77
Quick Ratio 0.76
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 1B 2B 3B 4B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

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%.
  • 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

  • Based on estimates for the next years, SPIE will show a small growth in Earnings Per Share. The EPS will grow by 5.79% on average per year.
  • The Revenue is expected to grow by 4.40% on average over the next years.
EPS Next Y5.3%
EPS Next 2Y9.71%
EPS Next 3Y9.21%
EPS Next 5Y5.79%
Revenue Next Year5.59%
Revenue Next 2Y5.38%
Revenue Next 3Y5.3%
Revenue Next 5Y4.4%

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.
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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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 44.41 indicates a quite expensive valuation of SPIE.
  • The rest of the industry has a similar Price/Earnings ratio as SPIE.
  • SPIE's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.98.
  • The Price/Forward Earnings ratio is 16.61, which indicates a correct valuation of SPIE.
  • 62.79% of the companies in the same industry are more expensive than SPIE, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of SPIE to the average of the S&P500 Index (28.01), we can say SPIE is valued slightly cheaper.
Industry RankSector Rank
PE 44.41
Fwd PE 16.61
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 ratio is in line with the industry average.
  • Based on the Price/Free Cash Flow ratio, SPIE is valued a bit cheaper than 79.07% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.18
EV/EBITDA 11.4
SPIE.PA Per share dataSPIE.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 40 60

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)8.37
PEG (5Y)4.02
EPS Next 2Y9.71%
EPS Next 3Y9.21%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • SPIE has a Yearly Dividend Yield of 2.15%. 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 2.49.
  • SPIE's Dividend Yield is comparable with the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 2.15%

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
SPIE.PA Yearly Dividends per shareSPIE.PA Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • 82.94% of the earnings are spent on dividend by SPIE. 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.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 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 SA

EPA:SPIE (2/24/2026, 7:00:00 PM)

52.4

+1.15 (+2.24%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)10-31
Earnings (Next)03-06
Inst Owners55.9%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap8.92B
Revenue(TTM)10.26B
Net Income(TTM)202.63M
Analysts83.53
Price Target56.05 (6.97%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.15%
Yearly Dividend0.86
Dividend Growth(5Y)8.23%
DP82.94%
Div Incr Years4
Div Non Decr Years4
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)0.55%
PT rev (3m)1.95%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)1.75%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.42%
Valuation
Industry RankSector Rank
PE 44.41
Fwd PE 16.61
P/S 0.87
P/FCF 9.18
P/OCF 8.48
P/B 4.69
P/tB N/A
EV/EBITDA 11.4
EPS(TTM)1.18
EY2.25%
EPS(NY)3.16
Fwd EY6.02%
FCF(TTM)5.71
FCFY10.9%
OCF(TTM)6.18
OCFY11.79%
SpS60.28
BVpS11.18
TBVpS-20.79
PEG (NY)8.37
PEG (5Y)4.02
Graham Number17.23
Profitability
Industry RankSector Rank
ROA 2.01%
ROE 10.65%
ROCE 10.56%
ROIC 7.04%
ROICexc 7.47%
ROICexgc N/A
OM 5.71%
PM (TTM) 1.98%
GM 42.4%
FCFM 9.47%
ROA(3y)2.35%
ROA(5y)1.93%
ROE(3y)11.13%
ROE(5y)9.39%
ROIC(3y)6.03%
ROIC(5y)5.21%
ROICexc(3y)7.59%
ROICexc(5y)6.66%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)9.16%
ROCE(5y)7.87%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y7.51%
ROICexc growth 5Y5.56%
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%
F-Score5
Asset Turnover1.02
Health
Industry RankSector Rank
Debt/Equity 1.16
Debt/FCF 2.77
Debt/EBITDA 2.27
Cap/Depr 20.73%
Cap/Sales 0.78%
Interest Coverage 250
Cash Conversion 108.25%
Profit Quality 479.54%
Current Ratio 0.77
Quick Ratio 0.76
Altman-Z 1.8
F-Score5
WACC7.08%
ROIC/WACC0.99
Cap/Depr(3y)23.51%
Cap/Depr(5y)24.99%
Cap/Sales(3y)0.8%
Cap/Sales(5y)0.87%
Profit Quality(3y)305.11%
Profit Quality(5y)422.03%
High Growth Momentum
Growth
EPS 1Y (TTM)-11.55%
EPS 3Y15.57%
EPS 5Y11.04%
EPS Q2Q%-123.26%
EPS Next Y5.3%
EPS Next 2Y9.71%
EPS Next 3Y9.21%
EPS Next 5Y5.79%
Revenue 1Y (TTM)10.87%
Revenue growth 3Y12.35%
Revenue growth 5Y7.24%
Sales Q2Q%7.26%
Revenue Next Year5.59%
Revenue Next 2Y5.38%
Revenue Next 3Y5.3%
Revenue Next 5Y4.4%
EBIT growth 1Y20.7%
EBIT growth 3Y17.21%
EBIT growth 5Y10.31%
EBIT Next Year70.92%
EBIT Next 3Y24.62%
EBIT Next 5Y16.49%
FCF growth 1Y91.09%
FCF growth 3Y22.83%
FCF growth 5Y18.09%
OCF growth 1Y85.78%
OCF growth 3Y21.29%
OCF growth 5Y16.33%

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 44.41 and the Price/Book (PB) ratio is 4.69.


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%.