SPIE SA (SPIE) AI Stock Analysis

• Market Cap: €7.93B
• Dividend Yield: 2.22%
• Average Volume (3M): 431.60K
• Price to Earnings (P/E): 39.0
• 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: 261,528
• 30 Day Avg. Volume: 431,604
• 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: €50.50
• Price Target Upside: 9.45% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: €50.00 ▲(8.37% Upside)

SPIE SA's strong financial performance is the primary driver of its stock score, supported by robust revenue growth and cash flow generation. However, the stock's valuation appears stretched, and technical indicators suggest limited short-term upside, which tempers the overall score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates SPIE's successful market penetration and demand for its services, supporting long-term business expansion.

Cash Flow Generation

Robust cash flow generation enhances SPIE's financial flexibility, enabling reinvestment in growth opportunities and debt management.

Profitability Improvement

Improved profitability margins demonstrate SPIE's effective cost management and operational efficiency, supporting sustainable earnings growth.

Negative Factors

Leverage Concerns

Moderate leverage could pose risks if economic conditions worsen, potentially impacting SPIE's ability to finance operations and investments.

Equity Ratio Decline

A declining equity ratio may signal increased financial risk, as SPIE relies more on debt financing, which could affect long-term stability.

EPS Decline

A decline in EPS growth suggests challenges in maintaining earnings momentum, which could impact investor confidence and long-term valuation.

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, industrial, and public services, offering a wide range of core services such as maintenance, installation, and operational support for infrastructure and facilities. SPIE is committed to delivering innovative solutions that enhance sustainability and efficiency in its clients' operations.

How the Company Makes Money

SPIE generates revenue primarily through the provision of technical services and solutions across its diverse sectors. The company's revenue model is based on long-term contracts and project-based work, which include maintenance services, installation projects, and energy efficiency upgrades. Key revenue streams include service contracts with industrial clients, public sector projects, and collaboration with construction firms. SPIE also benefits from strategic partnerships with leading technology providers, which enhance its service offerings and drive business growth. Additionally, the company focuses on sustainability initiatives, which are increasingly in demand, thereby contributing to its earnings through environmentally conscious projects.

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: Positive
• Last Price: 46.14
• 50DMA: Positive
• 100DMA: Positive
• 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 Positive. The current price of 46.14 is above the 20-day moving average (MA) of 45.28, above the 50-day MA of 45.35, and above the 200-day MA of 44.72, indicating a bullish trend. The MACD of 0.65 indicates Negative momentum. The RSI at 62.32 is Neutral, neither overbought nor oversold. The STOCH value of 71.61 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
FGR	76 Outperform	€11.59B	11.61	14.39%	3.89%	7.71%	-2.82%
DG	76 Outperform	€67.88B	14.33	16.66%	3.95%	3.21%	4.24%
EN	69 Neutral	€14.96B	14.14	8.45%	4.58%	0.88%	-2.06%
ALO	67 Neutral	€9.84B	69.85	3.25%	―	4.58%	―
SPIE	66 Neutral	€7.93B	39.05	10.66%	2.22%	10.87%	-10.35%
RXL	65 Neutral	€8.66B	34.91	4.63%	3.65%	2.16%	-64.02%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%