SPIRE INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 61.4 USD | -0.57% |
|
+0.80% | -1.51% |
| Apr. 26 | Ladenburg Thalmann Starts Spire With Neutral Rating, $57.50 Price Target | MT |
| Apr. 25 | Spire Inc. Declares Dividend, Payable on July 2, 2024 | CI |
Valuation
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,433 | 2,739 | 3,162 | 3,272 | 2,976 | 3,545 | - | - |
| Enterprise Value (EV) 1 | 7,293 | 5,806 | 6,825 | 7,543 | 7,637 | 8,528 | 8,453 | 8,543 |
| P/E ratio | 24.8 x | 36.9 x | 12.3 x | 15.8 x | 14.7 x | 14.1 x | 13.4 x | 12.5 x |
| Yield | 2.72% | 4.68% | 4.25% | 4.4% | 5.09% | 4.93% | 5.16% | 5.42% |
| Capitalization / Revenue | 2.27 x | 1.48 x | 1.41 x | 1.49 x | 1.12 x | 1.35 x | 1.32 x | 1.3 x |
| EV / Revenue | 3.74 x | 3.13 x | 3.05 x | 3.43 x | 2.86 x | 3.26 x | 3.16 x | 3.12 x |
| EV / EBITDA | 14.7 x | 10.5 x | 10.5 x | 11.9 x | 11.1 x | 11.2 x | 10.3 x | 9.71 x |
| EV / FCF | -19.6 x | -34.5 x | -18.2 x | -15.2 x | -34.4 x | -39.7 x | 82.9 x | 61.5 x |
| FCF Yield | -5.11% | -2.9% | -5.49% | -6.59% | -2.91% | -2.52% | 1.21% | 1.63% |
| Price to Book | 1.75 x | 1.09 x | 1.19 x | 1.15 x | 1.02 x | 1.09 x | 1.12 x | 1.09 x |
| Nbr of stocks (in thousands) | 50,809 | 51,482 | 51,684 | 52,493 | 52,603 | 57,729 | - | - |
| Reference price 2 | 87.24 | 53.20 | 61.18 | 62.33 | 56.58 | 61.40 | 61.40 | 61.40 |
| Announcement Date | 11/25/19 | 11/18/20 | 11/22/21 | 11/16/22 | 11/16/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,952 | 1,855 | 2,236 | 2,198 | 2,666 | 2,620 | 2,678 | 2,735 |
| EBITDA 1 | 495.5 | 552.3 | 650.9 | 634.1 | 687.3 | 762.2 | 823.3 | 879.4 |
| EBIT 1 | 302.3 | 355 | 450.2 | 396.8 | 432.5 | 490.9 | 532.9 | 571.7 |
| Operating Margin | 15.48% | 19.13% | 20.14% | 18.05% | 16.22% | 18.74% | 19.9% | 20.91% |
| Earnings before Tax (EBT) 1 | 219.1 | 101 | 340.2 | 279.7 | 256.3 | 314 | 342 | 364.2 |
| Net income 1 | 178.9 | 73.7 | 256.5 | 205.7 | 202.4 | 246.8 | 270.4 | 293.2 |
| Net margin | 9.16% | 3.97% | 11.47% | 9.36% | 7.59% | 9.42% | 10.1% | 10.72% |
| EPS 2 | 3.520 | 1.440 | 4.960 | 3.950 | 3.850 | 4.348 | 4.592 | 4.908 |
| Free Cash Flow 1 | -372.4 | -168.5 | -375 | -497.2 | -222.3 | -215 | 102 | 139 |
| FCF margin | -19.07% | -9.08% | -16.77% | -22.62% | -8.34% | -8.21% | 3.81% | 5.08% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | 12.39% | 15.81% |
| FCF Conversion (Net income) | - | - | - | - | - | - | 37.72% | 47.4% |
| Dividend per Share 2 | 2.370 | 2.490 | 2.600 | 2.740 | 2.880 | 3.025 | 3.171 | 3.326 |
| Announcement Date | 11/25/19 | 11/18/20 | 11/22/21 | 11/16/22 | 11/16/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: September | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 290.2 | 555.4 | 880.9 | 448 | 314.2 | 814 | 1,123 | 418.5 | 310.4 | 756.6 | 1,324 | 301.4 | 272.5 | 840.7 | 1,696 |
| EBITDA 1 | 75.9 | 155.9 | 314 | 105.6 | 58.6 | 204.5 | 322.9 | 80.2 | 53.1 | 202.9 | 370.9 | 92.08 | 82.31 | - | - |
| EBIT 1 | 26.7 | 99 | 255.1 | 45.2 | -2.5 | 142.4 | 260.3 | 15.9 | -12.7 | 135.9 | 330.6 | 15.47 | 9.558 | 145.5 | 268.7 |
| Operating Margin | 9.2% | 17.82% | 28.96% | 10.09% | -0.8% | 17.49% | 23.17% | 3.8% | -4.09% | 17.96% | 24.97% | 5.13% | 3.51% | 17.31% | 15.84% |
| Earnings before Tax (EBT) | -10 | 74.1 | 214.3 | -3.5 | -5.2 | 112.6 | 220.1 | -28.4 | -48 | 106.1 | - | - | - | - | - |
| Net income 1 | -13.5 | 51.9 | 169.7 | -5.1 | -10.8 | 87.2 | 175.1 | -25.2 | -34.7 | 81.3 | 213.8 | -8.087 | -27.23 | - | - |
| Net margin | -4.65% | 9.34% | 19.26% | -1.14% | -3.44% | 10.71% | 15.59% | -6.02% | -11.18% | 10.75% | 16.15% | -2.68% | -9.99% | - | - |
| EPS 2 | -0.2600 | 1.010 | 3.270 | -0.1000 | -0.2000 | 1.660 | 3.330 | -0.4800 | -0.6600 | 1.520 | 3.739 | -0.2184 | -0.5575 | 1.553 | 3.643 |
| Dividend per Share 2 | 0.6500 | 0.6850 | 0.6850 | 0.6850 | 0.6850 | 0.7200 | 0.6850 | 0.7200 | 0.7200 | 0.7550 | 0.7575 | 0.7575 | 0.7658 | 0.7931 | 0.7931 |
| Announcement Date | 11/22/21 | 2/2/22 | 5/6/22 | 8/4/22 | 11/16/22 | 2/1/23 | 5/3/23 | 8/2/23 | 11/16/23 | 2/1/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,860 | 3,068 | 3,663 | 4,271 | 4,661 | 4,983 | 4,908 | 4,999 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.772 x | 5.554 x | 5.627 x | 6.735 x | 6.781 x | 6.538 x | 5.962 x | 5.684 x |
| Free Cash Flow 1 | -372 | -169 | -375 | -497 | -222 | -215 | 102 | 139 |
| ROE (net income / shareholders' equity) | 8.13% | 8.18% | 9.9% | 7.51% | 7.06% | 8.26% | 8.32% | 8.67% |
| ROA (Net income/ Total Assets) | 2.7% | 2.59% | 2.92% | 2.12% | 1.98% | 2.31% | 2.38% | 2.46% |
| Assets 1 | 6,631 | 2,849 | 8,799 | 9,720 | 10,199 | 10,703 | 11,378 | 11,916 |
| Book Value Per Share 2 | 49.90 | 48.90 | 51.40 | 54.10 | 55.50 | 56.10 | 54.70 | 56.30 |
| Cash Flow per Share | - | 9.160 | 4.830 | 1.060 | 8.370 | - | - | - |
| Capex 1 | 823 | 638 | 625 | 552 | 663 | 775 | 659 | 660 |
| Capex / Sales | 42.17% | 34.41% | 27.95% | 25.12% | 24.85% | 29.59% | 24.62% | 24.13% |
| Announcement Date | 11/25/19 | 11/18/20 | 11/22/21 | 11/16/22 | 11/16/23 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
61.4
USD
Average target price
64.75
USD
Spread / Average Target
+5.46%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -1.51% | 3.54B | |
| +0.89% | 17.64B | |
| +28.35% | 16.4B | |
| -6.96% | 12.12B | |
| +10.84% | 9.16B | |
| +16.20% | 8.89B | |
| +3.56% | 7.48B | |
| -2.58% | 6.96B | |
| +8.30% | 6.51B | |
| +7.30% | 4.96B |
- Stock Market
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- SR Stock
- Financials Spire Inc.
