SPIE SA (FR:SPIE)
:SPIE
Top Page
SPIE SA
(SPIE)
Select Model
Select Model
Rating:56Neutral
Price Target:
€44.00
▼(-4.64% Downside)
Action:ReiteratedDate:03/07/26
The score is driven primarily by solid financial performance (strong revenue growth and healthy cash generation) offset by a weak valuation profile due to an extremely high P/E. Technical signals are mixed-to-neutral, providing limited additional support.
Positive Factors
Sustained revenue expansion
Meaningful multi-year revenue growth shows durable demand and successful contract capture across segments. Persistent top-line expansion enhances scale economics, funds reinvestment in capabilities, and strengthens customer positioning, supporting medium-term resilience and growth optionality.
Negative Factors
Elevated leverage
Debt materially above equity constrains financial flexibility and raises refinancing and interest rate sensitivity. In an engineering & construction business with project timing risk, elevated leverage increases downside vulnerability and limits capacity for opportunistic investments or smoothing volatility.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue expansion
Meaningful multi-year revenue growth shows durable demand and successful contract capture across segments. Persistent top-line expansion enhances scale economics, funds reinvestment in capabilities, and strengthens customer positioning, supporting medium-term resilience and growth optionality.
Read all positive factors
SPIE SA (SPIE) vs. iShares MSCI France ETF (EWQ)
Market Cap
€7.49B
Dividend Yield2.14%
Average Volume (3M)423.97K
Price to Earnings (P/E)190.1
Beta (1Y)1.05
Revenue Growth10.87%
EPS Growth-10.35%
CountryFR
Employees52,002
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)1.13
Shares Outstanding170,175,400
10 Day Avg. Volume328,859
30 Day Avg. Volume423,970
Financial Highlights & Ratios
PEG Ratio-2.26
Price to Book (P/B)15.58
Price to Sales (P/S)3.23
P/FCF Ratio44.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€54.00Price Target Upside17.04% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)3.09
Revenue Forecast (FY)€11.15B
SPIE SA Business Overview & Revenue Model
Company Description
SPIE SA is a leading European provider of multi-technical services in the fields of electrical, mechanical, and HVAC engineering, as well as energy and communication systems. The company operates across various sectors, including construction, ind...
How the Company Makes Money
SPIE primarily makes money by providing multi-technical services under customer contracts, generating revenue from (1) project-based work and (2) recurring service/maintenance activities. Project-based revenue comes from designing and installing t...
SPIE SA Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
61
Positive
Cash Flow
72
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 10.40B | 9.92B | 8.73B | 8.11B | 6.99B |
| Gross Profit | 504.70M | 8.56B | 703.53M | 7.01B | 6.09B |
| EBITDA | 1.06B | 876.11M | 739.48M | 587.24M | 577.94M |
| Net Income | 176.40M | 273.18M | 238.51M | 151.54M | 169.10M |
Balance Sheet | |||||
| Total Assets | 10.30B | 9.99B | 9.15B | 8.93B | 8.61B |
| Cash, Cash Equivalents and Short-Term Investments | 791.80M | 718.16M | 1.21B | 1.28B | 1.25B |
| Total Debt | 2.80B | 2.75B | 2.51B | 2.61B | 2.52B |
| Total Liabilities | 8.12B | 7.89B | 7.17B | 7.03B | 6.93B |
| Stockholders Equity | 2.15B | 2.08B | 1.95B | 1.89B | 1.68B |
Cash Flow | |||||
| Free Cash Flow | 747.50M | 831.97M | 651.66M | 511.54M | 448.98M |
| Operating Cash Flow | 822.50M | 920.52M | 713.33M | 577.36M | 515.88M |
| Investing Cash Flow | -295.40M | -994.84M | -231.29M | -315.21M | -208.46M |
| Financing Cash Flow | -414.10M | -391.27M | -545.77M | -301.26M | -262.04M |
SPIE SA Technical Analysis
Negative
46.14
Price Trends
47.64
Negative
47.31
Negative
47.44
Negative
Market Momentum
-1.53
Positive
39.92
Neutral
48.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:SPIE, the sentiment is Negative. The current price of 46.14 is above the 20-day moving average (MA) of 45.14, below the 50-day MA of 47.64, and below the 200-day MA of 47.44, indicating a bearish trend. The MACD of -1.53 indicates Positive momentum. The RSI at 39.92 is Neutral, neither overbought nor oversold. The STOCH value of 48.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:SPIE.
SPIE SA Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | €73.45B | 13.71 | 16.66% | 3.96% | 3.21% | 4.24% | |
70 Neutral | €10.08B | 16.83 | 4.63% | 3.61% | 2.16% | -64.02% | |
69 Neutral | €13.15B | 11.12 | 14.39% | 3.87% | 7.71% | -2.82% | |
64 Neutral | €19.31B | 14.13 | 8.45% | 4.51% | 0.88% | -2.06% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | €7.49B | 190.12 | 8.70% | 2.14% | 10.87% | -10.35% | |
55 Neutral | €606.02M | 83.86 | 2.60% | 2.41% | 6.72% | -90.75% |
* Industrials Sector Average
FR:SPIE
SPIE SA
44.02
8.16
22.75%
FR:ASY
Assystem
41.10
10.30
33.42%
FR:EN
Bouygues
50.34
17.58
53.66%
FR:FGR
Eiffage
135.70
38.66
39.85%
FR:RXL
Rexel SA
34.38
14.59
73.72%
FR:DG
Vinci SA
131.60
28.83
28.05%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.