SPIE SA (SPIE) AI Stock Analysis

• Market Cap: €8.42B
• Dividend Yield: 1.94%
• Average Volume (3M): 352.29K
• Price to Earnings (P/E): 41.4
• Beta (1Y): 1.08
• Revenue Growth: 10.87%
• EPS Growth: -10.35%
• Country: FR
• Employees: 52,002
• Sector: Industrials
• Sector Strength: 88
• Industry: Engineering & Construction
• EPS (TTM): -0.08
• Shares Outstanding: 168,073,520
• 10 Day Avg. Volume: 319,921
• 30 Day Avg. Volume: 352,288
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €48.38
• Price Target Upside: -3.43% Downside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 66 Neutral
• Price Target: €56.00 ▲(11.78%Upside)

SPIE SA benefits from strong financial performance, particularly in revenue growth and cash flow generation, contributing positively to its stock score. However, technical analysis indicates potential overbought conditions, and the high valuation presents a risk. These factors combine to yield a balanced overall score.

Positive Factors

Fiscal Policy

Stock is up following a proposal by German potential coalition partners of a larger than expected fiscal package.

Geographical Expansion

SPIE has large exposure to Germany which is likely to become SPIE's largest country.

Negative Factors

Comparative Performance

Global Services Energy could be impacted by the very high H2-23 comparison basis, as large contracts ramped up.

Division Performance

The Central Europe division's high comp could become tougher in Q3-24, driven by the FY-23 performance.

SPIE SA Business Overview & Revenue Model

Company Description

SPIE SA (SPIE) is a European leader in multi-technical services in the areas of energy and communications. The company provides a wide range of services including electrical, mechanical, and HVAC engineering services, energy efficiency solutions, and information and communications technology (ICT) services. SPIE serves a diverse customer base across various sectors such as industry, energy, healthcare, and telecommunications, ensuring the maintenance and optimization of their clients' equipment and facilities.

How the Company Makes Money

SPIE makes money primarily through providing multi-technical services that enhance the operational efficiency and sustainability of its clients' infrastructures. The company's revenue streams include project-based contracts for installation, maintenance contracts for ongoing service and support, and consultancy services for energy efficiency and ICT solutions. Additionally, SPIE engages in strategic partnerships and alliances to expand its service offerings and enhance its market presence. The company's earnings are bolstered by its ability to deliver comprehensive, integrated solutions that meet the evolving needs of its clients in a rapidly changing technological and regulatory landscape.

SPIE SA Financial Statement Overview

Summary

SPIE SA presents a solid financial profile with strong revenue growth and improving profitability. The balance sheet is stable, although there is moderate leverage which requires monitoring. The company's cash flow generation is robust, providing financial flexibility to support future growth initiatives.

Income Statement

SPIE SA has shown a strong revenue growth trajectory with consistent increases over the past years, culminating in a 13.7% increase from 2023 to 2024. The gross profit margin has improved significantly, with the latest being 86.27%, indicating efficient cost management. The net profit margin increased to 2.75% in 2024, reflecting enhanced profitability. EBIT and EBITDA margins have also improved, reaching 5.53% and 8.83% respectively, showcasing robust operational performance.

Balance Sheet

The company's balance sheet reflects a moderate debt-to-equity ratio of 1.32, which is manageable but indicates reliance on debt. Return on equity improved to 13.15% in 2024, suggesting effective use of shareholder capital to generate profit. The equity ratio slightly decreased to 20.80%, indicating a lower proportion of assets funded by equity, which could pose a risk if leverage increases.

Cash Flow

SPIE SA has exhibited strong cash flow generation, with a significant 27.64% growth in free cash flow from 2023 to 2024. The operating cash flow to net income ratio stands at 3.37, demonstrating strong cash generation from operations relative to net income. The free cash flow to net income ratio of 3.05 highlights effective conversion of earnings into cash, supporting financial flexibility.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	9.92B	8.73B	8.11B	6.99B	6.66B
Gross Profit	8.56B	703.53M	7.01B	6.09B	230.56M
EBITDA	876.11M	739.48M	587.24M	577.94M	435.42M
Net Income	273.18M	238.51M	151.54M	169.10M	53.21M
Balance Sheet
Total Assets	9.99B	9.15B	8.93B	8.61B	8.27B
Cash, Cash Equivalents and Short-Term Investments	718.16M	1.21B	1.28B	1.25B	1.20B
Total Debt	2.75B	2.51B	2.61B	2.52B	2.50B
Total Liabilities	7.89B	7.17B	7.03B	6.93B	6.74B
Stockholders Equity	2.08B	1.95B	1.89B	1.68B	1.53B
Cash Flow
Free Cash Flow	831.97M	651.66M	511.54M	448.98M	494.46M
Operating Cash Flow	920.52M	713.33M	577.36M	515.88M	560.20M
Investing Cash Flow	-994.84M	-231.29M	-315.21M	-208.46M	-57.06M
Financing Cash Flow	-391.27M	-545.77M	-301.26M	-262.04M	-183.63M

SPIE SA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 50.10
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:SPIE, the sentiment is Positive. The current price of 50.1 is above the 20-day moving average (MA) of 47.89, above the 50-day MA of 46.39, and above the 200-day MA of 37.51, indicating a bullish trend. The MACD of 1.04 indicates Negative momentum. The RSI at 66.01 is Neutral, neither overbought nor oversold. The STOCH value of 82.69 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:SPIE.

SPIE SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RXL	75 Outperform	€7.69B	30.97	4.63%	4.62%	2.16%	-64.02%
EN	74 Outperform	€13.77B	13.00	8.75%	5.53%	1.26%	4.64%
FGR	72 Outperform	€11.21B	10.45	15.80%	4.06%	7.37%	3.85%
DG	68 Neutral	€67.95B	14.51	16.66%	4.00%	3.21%	―
SPIE	66 Neutral	€8.42B	41.45	10.66%	1.94%	10.87%	-10.35%
Sector *	66 Neutral	$2.64B	12.31	10.02%	3.77%	-0.86%	37.13%
ALO	63 Neutral	€9.16B	65.04	1.54%	1.24%	4.94%	―