SPIR GROUP ASA (SPIR.OL) Stock Fundamental Analysis
OSL:SPIR - Euronext Oslo - NO0012548819 - Common Stock - Currency: NOK
Taking everything into account, SPIR scores 3 out of 10 in our fundamental rating. SPIR was compared to 94 industry peers in the Software industry. SPIR has a medium profitability rating, but doesn't score so well on its financial health evaluation. SPIR is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year SPIR was profitable.
SPIR had a positive operating cash flow in the past year.
In multiple years SPIR reported negative net income over the last 5 years.
Each year in the past 5 years SPIR had a positive operating cash flow.
1.2 Ratios
SPIR has a Return On Assets (1.40%) which is comparable to the rest of the industry.
SPIR has a Return On Equity of 2.84%. This is comparable to the rest of the industry: SPIR outperforms 50.00% of its industry peers.
The Return On Invested Capital of SPIR (2.09%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for SPIR is significantly below the industry average of 11.00%.
The last Return On Invested Capital (2.09%) for SPIR is above the 3 year average (2.01%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.4% | ||
| ROE | 2.84% | ||
| ROIC | 2.09% |
ROA(3y)0.59%
ROA(5y)0.88%
ROE(3y)1.24%
ROE(5y)1.62%
ROIC(3y)2.01%
ROIC(5y)2.66%
1.3 Margins
Looking at the Profit Margin, with a value of 2.99%, SPIR is in line with its industry, outperforming 51.06% of the companies in the same industry.
SPIR's Operating Margin of 4.63% is in line compared to the rest of the industry. SPIR outperforms 56.38% of its industry peers.
SPIR's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 61.30%, SPIR perfoms like the industry average, outperforming 44.68% of the companies in the same industry.
SPIR's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.63% | ||
| PM (TTM) | 2.99% | ||
| GM | 61.3% |
OM growth 3Y-4.38%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.16%
GM growth 5YN/A
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SPIR is destroying value.
The number of shares outstanding for SPIR has been increased compared to 1 year ago.
SPIR has a better debt/assets ratio than last year.
2.2 Solvency
SPIR has a debt to FCF ratio of 6.64. This is a slightly negative value and a sign of low solvency as SPIR would need 6.64 years to pay back of all of its debts.
SPIR has a Debt to FCF ratio of 6.64. This is comparable to the rest of the industry: SPIR outperforms 54.26% of its industry peers.
SPIR has a Debt/Equity ratio of 0.50. This is a neutral value indicating SPIR is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.50, SPIR is doing worse than 61.70% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | 6.64 | ||
| Altman-Z | N/A |
ROIC/WACC0.23
WACC9.2%
2.3 Liquidity
A Current Ratio of 0.47 indicates that SPIR may have some problems paying its short term obligations.
SPIR's Current ratio of 0.47 is on the low side compared to the rest of the industry. SPIR is outperformed by 84.04% of its industry peers.
SPIR has a Quick Ratio of 0.47. This is a bad value and indicates that SPIR is not financially healthy enough and could expect problems in meeting its short term obligations.
SPIR's Quick ratio of 0.47 is on the low side compared to the rest of the industry. SPIR is outperformed by 82.98% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.47 | ||
| Quick Ratio | 0.47 |
3. Growth
3.1 Past
SPIR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 310.08%, which is quite impressive.
The Revenue has been growing slightly by 6.77% in the past year.
The Revenue has been growing by 24.67% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)310.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%52.94%
Revenue 1Y (TTM)6.77%
Revenue growth 3Y24.67%
Revenue growth 5YN/A
Sales Q2Q%14.14%
3.2 Future
Based on estimates for the next years, SPIR will show a very strong growth in Earnings Per Share. The EPS will grow by 92.35% on average per year.
The Revenue is expected to grow by 7.58% on average over the next years.
EPS Next Y187.5%
EPS Next 2Y92.35%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year10.14%
Revenue Next 2Y7.58%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 36.16, the valuation of SPIR can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of SPIR indicates a somewhat cheap valuation: SPIR is cheaper than 63.83% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of SPIR to the average of the S&P500 Index (28.79), we can say SPIR is valued slightly more expensively.
The Price/Forward Earnings ratio is 15.41, which indicates a correct valuation of SPIR.
Based on the Price/Forward Earnings ratio, SPIR is valued cheaply inside the industry as 84.04% of the companies are valued more expensively.
SPIR is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.38, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.16 | ||
| Fwd PE | 15.41 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SPIR indicates a somewhat cheap valuation: SPIR is cheaper than 78.72% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, SPIR is valued cheaper than 90.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.61 | ||
| EV/EBITDA | 9.64 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
SPIR's earnings are expected to grow with 92.35% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.19
PEG (5Y)N/A
EPS Next 2Y92.35%
EPS Next 3YN/A
5. Dividend
5.1 Amount
SPIR does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
OSL:SPIR (4/25/2025, 7:00:00 PM)
9.04
+0.22 (+2.49%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners48.69%
Inst Owner ChangeN/A
Ins Owners1.29%
Ins Owner ChangeN/A
Market Cap1.20B
Analysts80
Price Target10.05 (11.17%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
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%
PT rev (3m)3.68%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-4.17%
EPS NY rev (3m)-17.86%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.85%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.16 | ||
| Fwd PE | 15.41 | ||
| P/S | 1.06 | ||
| P/FCF | 10.61 | ||
| P/OCF | 5.48 | ||
| P/B | 1.01 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.64 |
EPS(TTM)0.25
EY2.77%
EPS(NY)0.59
Fwd EY6.49%
FCF(TTM)0.85
FCFY9.42%
OCF(TTM)1.65
OCFY18.24%
SpS8.5
BVpS8.92
TBVpS-6.82
PEG (NY)0.19
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.4% | ||
| ROE | 2.84% | ||
| ROCE | 2.62% | ||
| ROIC | 2.09% | ||
| ROICexc | 2.14% | ||
| ROICexgc | N/A | ||
| OM | 4.63% | ||
| PM (TTM) | 2.99% | ||
| GM | 61.3% | ||
| FCFM | 10.03% |
ROA(3y)0.59%
ROA(5y)0.88%
ROE(3y)1.24%
ROE(5y)1.62%
ROIC(3y)2.01%
ROIC(5y)2.66%
ROICexc(3y)2.07%
ROICexc(5y)3.34%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)2.52%
ROCE(5y)3.33%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y0.93%
ROICexc growth 5YN/A
OM growth 3Y-4.38%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.16%
GM growth 5YN/A
F-Score6
Asset Turnover0.47
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | 6.64 | ||
| Debt/EBITDA | 3.05 | ||
| Cap/Depr | 74.12% | ||
| Cap/Sales | 9.38% | ||
| Interest Coverage | 1 | ||
| Cash Conversion | 112.28% | ||
| Profit Quality | 335.74% | ||
| Current Ratio | 0.47 | ||
| Quick Ratio | 0.47 | ||
| Altman-Z | N/A |
F-Score6
WACC9.2%
ROIC/WACC0.23
Cap/Depr(3y)80.88%
Cap/Depr(5y)77.66%
Cap/Sales(3y)9.61%
Cap/Sales(5y)9.66%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)310.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%52.94%
EPS Next Y187.5%
EPS Next 2Y92.35%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)6.77%
Revenue growth 3Y24.67%
Revenue growth 5YN/A
Sales Q2Q%14.14%
Revenue Next Year10.14%
Revenue Next 2Y7.58%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y6.01%
EBIT growth 3Y19.21%
EBIT growth 5YN/A
EBIT Next Year318.85%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y31.14%
FCF growth 3Y31.41%
FCF growth 5YN/A
OCF growth 1Y12.71%
OCF growth 3Y32.24%
OCF growth 5YN/A