SPIE SA (SPIE.PA) Stock Fundamental Analysis

Europe • Euronext Paris • EPA:SPIE • FR0012757854

45.86 EUR
-0.16 (-0.35%)
Last: Feb 5, 2026, 03:00 PM
Fundamental Rating

4

Taking everything into account, SPIE scores 4 out of 10 in our fundamental rating. SPIE was compared to 42 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

  • In the past year SPIE was profitable.
  • 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.
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

  • SPIE has a Return On Assets of 2.01%. This is comparable to the rest of the industry: SPIE outperforms 50.00% of its industry peers.
  • With a Return On Equity value of 10.65%, SPIE perfoms like the industry average, outperforming 59.52% of the companies in the same industry.
  • SPIE has a Return On Invested Capital (7.04%) which is in line with its industry peers.
  • The Average Return On Invested Capital over the past 3 years for SPIE is below the industry average of 8.66%.
  • 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

  • Looking at the Profit Margin, with a value of 1.98%, SPIE is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • SPIE's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 5.71%, SPIE is in line with its industry, outperforming 57.14% of the companies in the same industry.
  • SPIE's Operating Margin has improved in the last couple of years.
  • SPIE's Gross Margin of 42.40% is in line compared to the rest of the industry. SPIE outperforms 50.00% of 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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2

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
  • The number of shares outstanding for SPIE has been increased compared to 5 years ago.
  • Compared to 1 year ago, SPIE has a worse debt to assets ratio.
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

  • Based on the Altman-Z score of 1.73, we must say that SPIE is in the distress zone and has some risk of bankruptcy.
  • SPIE has a Altman-Z score (1.73) which 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.
  • The Debt to FCF ratio of SPIE (2.77) is better than 83.33% 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.
  • SPIE has a Debt to Equity ratio of 1.16. This is in the lower half of the industry: SPIE underperforms 61.90% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.16
Debt/FCF 2.77
Altman-Z 1.73
ROIC/WACC1.01
WACC6.98%
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.
  • Looking at the Current ratio, with a value of 0.77, SPIE is doing worse than 78.57% of the companies in the same industry.
  • 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 69.05% of its industry peers.
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

More info and screens

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

3

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.
  • Looking at the last year, SPIE shows a quite strong growth in Revenue. The Revenue has grown by 10.87% in the last year.
  • 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

  • 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

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • 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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4

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 38.86, the valuation of SPIE can be described as expensive.
  • SPIE's Price/Earnings ratio is in line with the industry average.
  • SPIE is valuated rather expensively when we compare the Price/Earnings ratio to 28.25, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 14.53 indicates a correct valuation of SPIE.
  • Based on the Price/Forward Earnings ratio, SPIE is valued a bit cheaper than 61.90% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.50. SPIE is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 38.86
Fwd PE 14.53
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

4.2 Price Multiples

  • SPIE's Enterprise Value to EBITDA is on the same level as the industry average.
  • Based on the Price/Free Cash Flow ratio, SPIE is valued a bit cheaper than 78.57% of the companies in the same industry.
Industry RankSector Rank
P/FCF 7.93
EV/EBITDA 10.38
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)7.33
PEG (5Y)3.52
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 2.25%.
  • Compared to an average industry Dividend Yield of 2.56, SPIE pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, SPIE pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.25%

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.
  • 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.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 (2/5/2026, 3:00:42 PM)

45.86

-0.16 (-0.35%)

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 Cap7.71B
Revenue(TTM)10.26B
Net Income(TTM)202.63M
Analysts83.53
Price Target55.74 (21.54%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.25%
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)0.74%
PT rev (3m)3.9%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)2.43%
EPS NY rev (3m)1.98%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.82%
Valuation
Industry RankSector Rank
PE 38.86
Fwd PE 14.53
P/S 0.75
P/FCF 7.93
P/OCF 7.33
P/B 4.05
P/tB N/A
EV/EBITDA 10.38
EPS(TTM)1.18
EY2.57%
EPS(NY)3.16
Fwd EY6.88%
FCF(TTM)5.78
FCFY12.61%
OCF(TTM)6.26
OCFY13.65%
SpS61.03
BVpS11.32
TBVpS-21.05
PEG (NY)7.33
PEG (5Y)3.52
Graham Number17.34
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 1.73
F-Score5
WACC6.98%
ROIC/WACC1.01
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 5Y5.78%
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 5Y4.41%
EBIT growth 1Y20.7%
EBIT growth 3Y17.21%
EBIT growth 5Y10.31%
EBIT Next Year70.92%
EBIT Next 3Y24.62%
EBIT Next 5Y16.46%
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 38.86 and the Price/Book (PB) ratio is 4.05.


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%.