SPIE SA (SPIE) AI Stock Analysis

• Market Cap: €7.39B
• Dividend Yield: 2.39%
• Average Volume (3M): 355.62K
• Price to Earnings (P/E): 35.6
• Beta (1Y): 1.01
• Revenue Growth: 10.87%
• EPS Growth: -10.35%
• Country: FR
• Employees: 52,002
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): -0.08
• Shares Outstanding: 168,073,520
• 10 Day Avg. Volume: 428,335
• 30 Day Avg. Volume: 355,619
• PEG Ratio: 1.48
• Price to Book (P/B): 2.42
• Price to Sales (P/S): 0.51
• P/FCF Ratio: 6.04
• 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: €53.38
• Price Target Upside: 15.69% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 60 Neutral
• Price Target: €44.00 ▼(-4.64% Downside)

The overall stock score for SPIE SA is primarily influenced by its strong financial performance, which is offset by bearish technical indicators and a high valuation. The company's robust cash flow and revenue growth are significant strengths, but the current market momentum and valuation suggest caution.

Positive Factors

Revenue Growth

Consistent revenue growth indicates SPIE's ability to expand its market presence and capitalize on demand for its services, supporting long-term business sustainability.

Cash Flow Generation

Robust cash flow generation enhances SPIE's financial flexibility, enabling investment in growth initiatives and providing a buffer against economic uncertainties.

Profitability Improvement

Improved profitability margins demonstrate SPIE's effective cost management and operational efficiency, which are crucial for sustaining competitive advantage.

Negative Factors

Moderate Leverage

Moderate leverage suggests potential risk if economic conditions worsen, as it could limit SPIE's ability to finance new projects or weather downturns.

Equity Ratio Decline

A declining equity ratio may signal increased financial risk, as it reflects a higher reliance on debt financing, potentially impacting long-term stability.

EPS Decline

A decline in EPS growth suggests challenges in maintaining profitability per share, which could affect investor confidence and long-term valuation.

SPIE SA Business Overview & Revenue Model

Company Description

SPIE SA is a leading independent European provider of multi-technical services in the areas of electrical, mechanical, and HVAC systems, as well as information and communication technologies. The company operates across various sectors, including energy, telecommunications, transportation, and building services, delivering a wide range of solutions that enhance the efficiency and sustainability of its clients' operations. SPIE's core offerings include installation, maintenance, and optimization of technical systems, alongside innovative services that support the digital transformation of businesses.

How the Company Makes Money

SPIE generates revenue primarily through contracts for the installation, maintenance, and management of technical services across its diverse sectors. The company operates on a project-based revenue model, where it charges clients for specific services rendered, often under long-term contracts. Key revenue streams include recurring maintenance contracts, which provide steady income over time, and one-off installations or upgrades of technical systems. Additionally, SPIE benefits from partnerships with major industry players and public sector clients, which contribute to its earnings through collaborative projects and joint ventures. The company's focus on innovation and energy efficiency solutions also positions it favorably in the growing market for sustainable technologies, further enhancing its revenue potential.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	10.32B	9.92B	8.73B	8.11B	6.99B	6.66B
Gross Profit	543.47M	8.56B	703.53M	7.01B	6.09B	230.56M
EBITDA	882.32M	876.11M	739.48M	587.24M	577.94M	430.41M
Net Income	203.06M	273.18M	238.51M	151.54M	169.10M	53.21M
Balance Sheet
Total Assets	10.07B	9.99B	9.15B	8.93B	8.61B	8.27B
Cash, Cash Equivalents and Short-Term Investments	313.78M	718.16M	1.21B	1.28B	1.25B	1.20B
Total Debt	2.92B	2.75B	2.51B	2.61B	2.52B	2.50B
Total Liabilities	8.14B	7.89B	7.17B	7.03B	6.93B	6.74B
Stockholders Equity	1.90B	2.08B	1.95B	1.89B	1.68B	1.53B
Cash Flow
Free Cash Flow	927.46M	831.97M	651.66M	511.54M	448.98M	494.46M
Operating Cash Flow	1.01B	920.52M	713.33M	577.36M	515.88M	560.20M
Investing Cash Flow	-317.28M	-994.84M	-231.29M	-315.21M	-208.46M	-57.06M
Financing Cash Flow	-704.53M	-391.27M	-545.77M	-301.26M	-262.04M	-183.63M

SPIE SA Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 46.14
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:SPIE, the sentiment is Neutral. The current price of 46.14 is above the 20-day moving average (MA) of 44.17, above the 50-day MA of 45.78, and above the 200-day MA of 43.79, indicating a neutral trend. The MACD of -0.82 indicates Negative momentum. The RSI at 46.80 is Neutral, neither overbought nor oversold. The STOCH value of 71.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FR:SPIE.

SPIE SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FGR	76 Outperform	€10.45B	10.47	14.39%	4.24%	7.71%	-2.82%
DG	76 Outperform	€65.40B	13.81	16.66%	4.07%	3.21%	4.24%
EN	69 Neutral	€14.96B	14.14	8.45%	4.84%	0.88%	-1.93%
ALO	67 Neutral	€9.84B	69.85	3.25%	―	4.58%	―
RXL	65 Neutral	€8.66B	34.91	4.63%	3.88%	2.16%	-64.02%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
SPIE	60 Neutral	€7.39B	35.56	10.66%	2.39%	10.87%	-10.35%