SPIE SA (SPIE) AI Stock Analysis

• Market Cap: €7.56B
• Dividend Yield: 2.33%
• Average Volume (3M): 420.12K
• Price to Earnings (P/E): 37.6
• Beta (1Y): 1.07
• 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: 346,983
• 30 Day Avg. Volume: 420,121
• 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: €53.63
• Price Target Upside: 19.02% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4

• Rating: 66 Neutral
• Price Target: €51.00 ▲(13.18% Upside)

SPIE SA's overall stock score is driven by strong financial performance and solid cash flow generation. However, technical analysis indicates potential bearish momentum, and the stock appears overvalued based on its P/E ratio. The absence of earnings call data and corporate events limits further insights.

Positive Factors

Revenue Growth

Consistent revenue growth indicates SPIE's ability to expand its market reach and strengthen its position across various sectors, ensuring long-term business sustainability.

Cash Flow Generation

Strong cash flow generation enhances SPIE's financial flexibility, allowing for reinvestment in growth opportunities and providing a buffer against economic downturns.

Profitability Improvement

Improved profitability through higher net profit margins demonstrates effective cost management and operational efficiency, supporting long-term financial health.

Negative Factors

Leverage Concerns

Moderate leverage suggests a dependency on debt financing, which could limit financial flexibility and increase risk if market conditions worsen.

Equity Ratio Decline

A declining equity ratio may pose a risk to financial stability, as it indicates a higher reliance on debt, potentially impacting the company's resilience to financial stress.

EPS Decline

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

SPIE SA Business Overview & Revenue Model

Company Description

SPIE SA provides multi-technical services in the areas of energy and communications. The company operates through four segments: France; Germany and Central Europe; North-Western Europe; and Oil & Gas and Nuclear. It provides technical engineering solutions for buildings; integrated ICT solutions, including IT consulting, integration, and maintenance; electrical, mechanical, and HVAC engineering services; and operation and maintenance of real estate and facilities. The company also offers oil and gas services, including exploring and investigating new fields, buildings and operating facilities, and optimizing production; construction, renovation, and maintenance services for bridges, locks, and pumping stations; maintenance and innovative solutions for traffic infrastructure; and fixed and mobile digital telecom networks, as well as technical building management, communications and networks, tech FM services; engineering, construction, maintenance, and optimization services for industrial processes; energy recovery and sustainable management services to technical facilities; and energy transmission networks, medium-voltage facilities, distribution networks, busbar systems, and wind and solar power farms. In addition, it engages in the installation and maintenance of electrical systems, heating and air conditioning, building ventilation, utilities and automation for industries; and management of IT and data processing infrastructures. SPIE SA was founded in 1900 and is headquartered in Cergy-Pontoise, France.

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 demonstrates strong financial performance with robust revenue growth and improving profitability. The balance sheet is stable but shows moderate leverage, which requires monitoring. Cash flow generation is strong, providing financial flexibility.

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	435.42M
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: Negative
• Last Price: 45.06
• 50DMA: Negative
• 100DMA: Negative
• 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 Negative. The current price of 45.06 is below the 20-day moving average (MA) of 47.29, below the 50-day MA of 48.94, and above the 200-day MA of 41.40, indicating a neutral trend. The MACD of -0.80 indicates Positive momentum. The RSI at 33.17 is Neutral, neither overbought nor oversold. The STOCH value of 27.55 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FGR	75 Outperform	€10.24B	10.57	14.39%	4.44%	7.71%	-2.82%
EN	70 Outperform	€14.26B	13.86	8.75%	5.35%	1.26%	4.64%
DG	68 Neutral	€65.06B	13.74	16.66%	4.11%	3.21%	4.24%
RXL	67 Neutral	€8.31B	33.93	4.63%	4.31%	2.16%	-64.02%
SPIE	66 Neutral	€7.56B	37.63	10.66%	2.33%	10.87%	-10.35%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ALO	62 Neutral	€10.33B	73.33	1.54%	1.24%	4.94%	―