SPIE SA (SPIE) AI Stock Analysis

• Market Cap: €7.92B
• Dividend Yield: 2.12%
• Average Volume (3M): 339.12K
• Price to Earnings (P/E): 28.9
• Beta (1Y): 1.10
• Revenue Growth: 13.69%
• EPS Growth: 12.62%
• Country: FR
• Employees: 52,002
• Sector: Industrials
• Sector Strength: 91
• Industry: Engineering & Construction
• EPS (TTM): 1.50
• Shares Outstanding: 168,073,520
• 10 Day Avg. Volume: 365,446
• 30 Day Avg. Volume: 339,124
• PEG Ratio: 1.59
• Price to Book (P/B): 3.61
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 9.53
• 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: €46.88
• Price Target Upside: -0.51% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 75 Outperform
• Price Target: €50.00 ▲(6.11%Upside)

SPIE SA's overall score is driven by strong financial performance and positive technical indicators. The company's robust cash flow and revenue growth contribute significantly to its stability. Although the valuation suggests a potentially overvalued stock, the technicals support continued price strength.

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 leading European company specializing in multi-technical services in the areas of energy and communications. The company operates across various sectors including smart cities, energy, industry, and information and communications technology (ICT). SPIE provides a wide range of services such as electrical, mechanical, and HVAC engineering, energy efficiency, and digital transformation solutions, aiming to assist clients in optimizing their energy consumption and enhancing their overall operational efficiency.

How the Company Makes Money

SPIE makes money through a diversified revenue model primarily based on providing multi-technical services to a broad clientele, including public and private sector entities. The company's key revenue streams include installation, maintenance, and operational services in electrical and mechanical engineering, as well as energy infrastructure and information technology. SPIE generates earnings by securing contracts for complex projects, offering long-term maintenance agreements, and delivering tailored digital solutions to improve energy efficiency and connectivity for its clients. Additionally, strategic partnerships and acquisitions help expand its service offerings and geographical reach, further contributing to its revenue growth.

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: 47.12
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 Positive. The current price of 47.12 is above the 20-day moving average (MA) of 46.44, above the 50-day MA of 44.98, and above the 200-day MA of 36.46, indicating a bullish trend. The MACD of 0.81 indicates Positive momentum. The RSI at 59.69 is Neutral, neither overbought nor oversold. The STOCH value of 57.61 is Neutral, 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
EN	78 Outperform	€14.67B	13.85	8.49%	5.19%	1.24%	2.36%
RXL	75 Outperform	€7.77B	23.21	6.11%	4.57%	0.69%	-56.21%
DG	75 Outperform	€70.16B	14.75	16.75%	5.88%	4.08%	3.07%
SPIE	75 Outperform	€7.92B	28.87	13.56%	2.12%	13.69%	12.62%
FGR	73 Outperform	€11.36B	10.60	15.80%	4.01%	7.37%	3.85%
Sector *	65 Neutral	$10.85B	15.47	5.22%	1.89%	3.09%	-26.84%
ALO	64 Neutral	€9.38B	65.65	1.54%	1.24%	4.94%	―