SPIRE INC (SR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:SR - US84857L1017 - Common Stock
82.43 USD
+0.06 (+0.07%)
82.43 USD
0 (0%)
We assign a fundamental rating of 3 out of 10 to SR. SR was compared to 14 industry peers in the Gas Utilities industry. While SR is still in line with the averages on profitability rating, there are concerns on its financial health. SR has a decent growth rate and is not valued too expensively. SR also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year SR was profitable.
In the past year SR had a positive cash flow from operations.
SR had positive earnings in each of the past 5 years.
In the past 5 years SR always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of 2.22%, SR is not doing good in the industry: 78.57% of the companies in the same industry are doing better.
SR has a Return On Equity of 7.57%. This is in the lower half of the industry: SR underperforms 71.43% of its industry peers.
SR's Return On Invested Capital of 4.13% is on the low side compared to the rest of the industry. SR is outperformed by 78.57% of its industry peers.
SR had an Average Return On Invested Capital over the past 3 years of 3.88%. This is below the industry average of 8.77%.
The last Return On Invested Capital (4.13%) for SR is above the 3 year average (3.88%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.22% | ||
| ROE | 7.57% | ||
| ROIC | 4.13% |
ROA(3y)2.12%
ROA(5y)2.23%
ROE(3y)7.27%
ROE(5y)7.75%
ROIC(3y)3.88%
ROIC(5y)3.96%
1.3 Margins
SR has a Profit Margin of 10.36%. This is comparable to the rest of the industry: SR outperforms 50.00% of its industry peers.
In the last couple of years the Profit Margin of SR has grown nicely.
SR's Operating Margin of 21.16% is fine compared to the rest of the industry. SR outperforms 64.29% of its industry peers.
SR's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.16% | ||
| PM (TTM) | 10.36% | ||
| GM | N/A |
OM growth 3Y4.45%
OM growth 5Y2.03%
PM growth 3Y3.46%
PM growth 5Y21.14%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SR is destroying value.
The number of shares outstanding for SR has been increased compared to 1 year ago.
SR has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, SR has a worse debt to assets ratio.
2.2 Solvency
SR has an Altman-Z score of 0.67. This is a bad value and indicates that SR is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.67, SR is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
SR has a Debt/Equity ratio of 1.38. This is a high value indicating a heavy dependency on external financing.
SR's Debt to Equity ratio of 1.38 is in line compared to the rest of the industry. SR outperforms 42.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.38 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.67 |
ROIC/WACC0.68
WACC6.08%
2.3 Liquidity
SR has a Current Ratio of 0.32. This is a bad value and indicates that SR is not financially healthy enough and could expect problems in meeting its short term obligations.
SR has a worse Current ratio (0.32) than 92.86% of its industry peers.
SR has a Quick Ratio of 0.32. This is a bad value and indicates that SR is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of SR (0.21) is worse than 92.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.32 | ||
| Quick Ratio | 0.21 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 5.66% over the past year.
Measured over the past 5 years, SR shows a small growth in Earnings Per Share. The EPS has been growing by 3.46% on average per year.
Looking at the last year, SR shows a decrease in Revenue. The Revenue has decreased by -4.50% in the last year.
The Revenue has been growing slightly by 5.94% on average over the past years.
EPS 1Y (TTM)5.66%
EPS 3Y4.64%
EPS 5Y3.46%
EPS Q2Q%12.96%
Revenue 1Y (TTM)-4.5%
Revenue growth 3Y4.05%
Revenue growth 5Y5.94%
Sales Q2Q%13.72%
3.2 Future
The Earnings Per Share is expected to grow by 9.09% on average over the next years. This is quite good.
SR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.02% yearly.
EPS Next Y20.01%
EPS Next 2Y14.7%
EPS Next 3Y12.47%
EPS Next 5Y9.09%
Revenue Next Year7.59%
Revenue Next 2Y8.5%
Revenue Next 3Y7.83%
Revenue Next 5Y2.02%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 18.40 indicates a rather expensive valuation of SR.
SR's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.46, SR is valued a bit cheaper.
The Price/Forward Earnings ratio is 15.33, which indicates a correct valuation of SR.
64.29% of the companies in the same industry are more expensive than SR, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of SR to the average of the S&P500 Index (36.10), we can say SR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.4 | ||
| Fwd PE | 15.33 |
4.2 Price Multiples
SR's Enterprise Value to EBITDA ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.6 |
4.3 Compensation for Growth
SR's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as SR's earnings are expected to grow with 12.47% in the coming years.
PEG (NY)0.92
PEG (5Y)5.32
EPS Next 2Y14.7%
EPS Next 3Y12.47%
5. Dividend
5.1 Amount
SR has a Yearly Dividend Yield of 4.01%, which is a nice return.
Compared to an average industry Dividend Yield of 3.81, SR pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.32, SR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.01% |
5.2 History
The dividend of SR has a limited annual growth rate of 4.02%.
SR has been paying a dividend for at least 10 years, so it has a reliable track record.
SR has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)4.02%
Div Incr Years10
Div Non Decr Years10
5.3 Sustainability
76.77% of the earnings are spent on dividend by SR. This is not a sustainable payout ratio.
The dividend of SR is growing, but earnings are growing more, so the dividend growth is sustainable.
DP76.77%
EPS Next 2Y14.7%
EPS Next 3Y12.47%
82.43
+0.06 (+0.07%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners95.71%
Inst Owner Change4.5%
Ins Owners0.29%
Ins Owner Change0.94%
Market Cap4.87B
Revenue(TTM)2.48B
Net Income(TTM)256.60M
Analysts80
Price Target95.37 (15.7%)
Short Float %4.25%
Short Ratio5.58
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.01% |
Yearly Dividend3.38
Dividend Growth(5Y)4.02%
DP76.77%
Div Incr Years10
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)51.26%
Min EPS beat(2)-7.62%
Max EPS beat(2)110.14%
EPS beat(4)1
Avg EPS beat(4)22.37%
Min EPS beat(4)-8.17%
Max EPS beat(4)110.14%
EPS beat(8)3
Avg EPS beat(8)12.77%
EPS beat(12)5
Avg EPS beat(12)-2715.86%
EPS beat(16)7
Avg EPS beat(16)-2041.12%
Revenue beat(2)1
Avg Revenue beat(2)-11.11%
Min Revenue beat(2)-23.15%
Max Revenue beat(2)0.93%
Revenue beat(4)1
Avg Revenue beat(4)-13.54%
Min Revenue beat(4)-23.15%
Max Revenue beat(4)0.93%
Revenue beat(8)3
Avg Revenue beat(8)-9.42%
Revenue beat(12)5
Avg Revenue beat(12)-2.18%
Revenue beat(16)9
Avg Revenue beat(16)1.33%
PT rev (1m)6.05%
PT rev (3m)15.53%
EPS NQ rev (1m)1.9%
EPS NQ rev (3m)6.75%
EPS NY rev (1m)-0.05%
EPS NY rev (3m)0.82%
Revenue NQ rev (1m)0.59%
Revenue NQ rev (3m)-0.66%
Revenue NY rev (1m)0.57%
Revenue NY rev (3m)2.77%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.4 | ||
| Fwd PE | 15.33 | ||
| P/S | 1.97 | ||
| P/FCF | N/A | ||
| P/OCF | 8.42 | ||
| P/B | 1.44 | ||
| P/tB | 2.19 | ||
| EV/EBITDA | 10.6 |
EPS(TTM)4.48
EY5.43%
EPS(NY)5.38
Fwd EY6.52%
FCF(TTM)-5.83
FCFYN/A
OCF(TTM)9.79
OCFY11.88%
SpS41.94
BVpS57.41
TBVpS37.56
PEG (NY)0.92
PEG (5Y)5.32
Graham Number76.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.22% | ||
| ROE | 7.57% | ||
| ROCE | 5.8% | ||
| ROIC | 4.13% | ||
| ROICexc | 4.13% | ||
| ROICexgc | 4.66% | ||
| OM | 21.16% | ||
| PM (TTM) | 10.36% | ||
| GM | N/A | ||
| FCFM | N/A |
ROA(3y)2.12%
ROA(5y)2.23%
ROE(3y)7.27%
ROE(5y)7.75%
ROIC(3y)3.88%
ROIC(5y)3.96%
ROICexc(3y)3.89%
ROICexc(5y)3.96%
ROICexgc(3y)4.4%
ROICexgc(5y)4.53%
ROCE(3y)5.34%
ROCE(5y)5.42%
ROICexgc growth 3Y2.04%
ROICexgc growth 5Y0.17%
ROICexc growth 3Y2.84%
ROICexc growth 5Y1.2%
OM growth 3Y4.45%
OM growth 5Y2.03%
PM growth 3Y3.46%
PM growth 5Y21.14%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.21
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.38 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.7 | ||
| Cap/Depr | 309.32% | ||
| Cap/Sales | 37.25% | ||
| Interest Coverage | 2.53 | ||
| Cash Conversion | 70.31% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.32 | ||
| Quick Ratio | 0.21 | ||
| Altman-Z | 0.67 |
F-Score6
WACC6.08%
ROIC/WACC0.68
Cap/Depr(3y)292.9%
Cap/Depr(5y)280.92%
Cap/Sales(3y)31.77%
Cap/Sales(5y)29.68%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5.66%
EPS 3Y4.64%
EPS 5Y3.46%
EPS Q2Q%12.96%
EPS Next Y20.01%
EPS Next 2Y14.7%
EPS Next 3Y12.47%
EPS Next 5Y9.09%
Revenue 1Y (TTM)-4.5%
Revenue growth 3Y4.05%
Revenue growth 5Y5.94%
Sales Q2Q%13.72%
Revenue Next Year7.59%
Revenue Next 2Y8.5%
Revenue Next 3Y7.83%
Revenue Next 5Y2.02%
EBIT growth 1Y7.29%
EBIT growth 3Y8.67%
EBIT growth 5Y8.09%
EBIT Next Year71.03%
EBIT Next 3Y27.6%
EBIT Next 5Y14.8%
FCF growth 1Y-773.97%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-36.65%
OCF growth 3Y119.04%
OCF growth 5Y4.23%
SPIRE INC / SR FAQ
Can you provide the ChartMill fundamental rating for SPIRE INC?
ChartMill assigns a fundamental rating of 3 / 10 to SR.
What is the valuation status for SR stock?
ChartMill assigns a valuation rating of 4 / 10 to SPIRE INC (SR). This can be considered as Fairly Valued.
How profitable is SPIRE INC (SR) stock?
SPIRE INC (SR) has a profitability rating of 4 / 10.
What is the valuation of SPIRE INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for SPIRE INC (SR) is 18.4 and the Price/Book (PB) ratio is 1.44.
What is the expected EPS growth for SPIRE INC (SR) stock?
The Earnings per Share (EPS) of SPIRE INC (SR) is expected to grow by 20.01% in the next year.