SPIE SA |
Real-time
Other stock markets
|
5-day change | 1st Jan Change | ||
| 34.18 EUR | -0.47% |
|
+1.85% | +20.78% |
| Apr. 30 | Spie: chosen for an automated metro line in Nuremberg | CF |
| Apr. 25 | Spie: support contract for pilot wind farm | CF |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,864 | 2,809 | 3,696 | 3,969 | 4,711 | 5,690 | - | - |
| Enterprise Value (EV) 1 | 4,455 | 4,105 | 4,961 | 5,292 | 5,957 | 7,081 | 6,770 | 6,383 |
| P/E ratio | 19.1 x | 52.4 x | 21.6 x | 26.5 x | 19.7 x | 17.7 x | 15.5 x | 14.1 x |
| Yield | 0.94% | 2.47% | 2.64% | 3% | 2.93% | 2.97% | 3.18% | 3.33% |
| Capitalization / Revenue | 0.41 x | 0.42 x | 0.53 x | 0.49 x | 0.54 x | 0.58 x | 0.54 x | 0.52 x |
| EV / Revenue | 0.64 x | 0.62 x | 0.71 x | 0.65 x | 0.68 x | 0.72 x | 0.65 x | 0.59 x |
| EV / EBITDA | 9.44 x | 7.72 x | 8.12 x | 7.58 x | 7.44 x | 7.72 x | 6.96 x | 6.26 x |
| EV / FCF | 12.3 x | 8.3 x | 11 x | 10.3 x | 9.14 x | 15.4 x | 13.4 x | 11.8 x |
| FCF Yield | 8.13% | 12% | 9.05% | 9.67% | 10.9% | 6.47% | 7.45% | 8.44% |
| Price to Book | 1.94 x | 1.97 x | 2.2 x | 2.12 x | 2.41 x | 2.64 x | 2.37 x | 2.12 x |
| Nbr of stocks (in thousands) | 157,698 | 157,698 | 162,656 | 162,916 | 166,468 | 166,468 | - | - |
| Reference price 2 | 18.16 | 17.81 | 22.72 | 24.36 | 28.30 | 34.18 | 34.18 | 34.18 |
| Announcement Date | 3/11/20 | 3/12/21 | 3/11/22 | 3/10/23 | 3/7/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,927 | 6,655 | 6,994 | 8,114 | 8,725 | 9,874 | 10,443 | 10,905 |
| EBITDA 1 | 471.7 | 531.8 | 610.7 | 698.1 | 801.2 | 917.3 | 973 | 1,020 |
| EBIT 1 | 415.7 | 340.6 | 426.7 | 511.2 | 584.2 | 683 | 719.3 | 766.6 |
| Operating Margin | 6% | 5.12% | 6.1% | 6.3% | 6.7% | 6.92% | 6.89% | 7.03% |
| Earnings before Tax (EBT) 1 | 266.5 | 125 | 270.3 | 240.2 | 358.3 | 487.9 | 545.5 | 596.8 |
| Net income 1 | 150.5 | 53.21 | 169.1 | 151.5 | 238.5 | 323.1 | 363.2 | 399.5 |
| Net margin | 2.17% | 0.8% | 2.42% | 1.87% | 2.73% | 3.27% | 3.48% | 3.66% |
| EPS 2 | 0.9521 | 0.3400 | 1.050 | 0.9200 | 1.440 | 1.930 | 2.205 | 2.431 |
| Free Cash Flow 1 | 362.2 | 494.5 | 449 | 511.5 | 651.6 | 458.3 | 504.4 | 538.7 |
| FCF margin | 5.23% | 7.43% | 6.42% | 6.3% | 7.47% | 4.64% | 4.83% | 4.94% |
| FCF Conversion (EBITDA) | 76.79% | 92.97% | 73.52% | 73.28% | 81.33% | 49.96% | 51.84% | 52.81% |
| FCF Conversion (Net income) | 240.69% | 929.28% | 265.51% | 337.57% | 273.21% | 141.83% | 138.87% | 134.85% |
| Dividend per Share 2 | 0.1700 | 0.4400 | 0.6000 | 0.7300 | 0.8300 | 1.014 | 1.088 | 1.139 |
| Announcement Date | 3/11/20 | 3/12/21 | 3/11/22 | 3/10/23 | 3/7/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q3 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,022 | - | 3,296 | 1,735 | 1,792 | 1,982 | 3,773 | 2,018 | 2,120 | 4,114 | 2,145 | 2,466 | 2,226 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | 93.3 | 150.9 | 159.7 | 110.3 | 70.4 | 73.86 | 189.5 | 133.7 | 135.4 | 220 | 151.8 | 212.4 | - |
| Operating Margin | 3.09% | - | 4.84% | 6.36% | 3.93% | 3.73% | 5.02% | 6.62% | 6.39% | 5.35% | 7.08% | 8.61% | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | 57.13 | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | 1.73% | - | - | - | - | - | - | - | - | - | - |
| EPS | - | - | 0.3500 | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 7/29/20 | 3/12/21 | 7/29/21 | 11/5/21 | 5/4/22 | 7/29/22 | 7/29/22 | 11/4/22 | 7/27/23 | 7/27/23 | 11/3/23 | 3/7/24 | 4/25/24 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,591 | 1,296 | 1,265 | 1,324 | 1,246 | 1,391 | 1,080 | 693 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.374 x | 2.437 x | 2.071 x | 1.896 x | 1.555 x | 1.516 x | 1.11 x | 0.6797 x |
| Free Cash Flow 1 | 362 | 494 | 449 | 512 | 652 | 458 | 504 | 539 |
| ROE (net income / shareholders' equity) | 15.7% | 7.61% | 10.5% | 15.8% | 12.4% | 18.8% | 18.3% | 17.7% |
| ROA (Net income/ Total Assets) | 2.85% | 1.37% | 2% | 3.22% | - | - | - | - |
| Assets 1 | 5,281 | 3,885 | 8,442 | 4,711 | - | - | - | - |
| Book Value Per Share 2 | 9.340 | 9.060 | 10.30 | 11.50 | 11.70 | 12.90 | 14.40 | 16.10 |
| Cash Flow per Share 2 | 2.770 | 3.540 | 3.200 | 3.520 | 4.310 | 3.200 | 3.500 | 3.700 |
| Capex 1 | 69.9 | 65.7 | 66.9 | 65.8 | 61.7 | 69.1 | 76.1 | 77.9 |
| Capex / Sales | 1.01% | 0.99% | 0.96% | 0.81% | 0.71% | 0.7% | 0.73% | 0.71% |
| Announcement Date | 3/11/20 | 3/12/21 | 3/11/22 | 3/10/23 | 3/7/24 | - | - | - |
1EUR in Million2EUR
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
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
34.18
EUR
Average target price
38.28
EUR
Spread / Average Target
+11.99%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +20.78% | 6.08B | |
| -3.03% | 67.26B | |
| +1.90% | 59.19B | |
| +19.81% | 37.85B | |
| +11.43% | 30.82B | |
| +2.36% | 26.47B | |
| +15.67% | 20.73B | |
| +12.46% | 18.95B | |
| +21.84% | 16.96B | |
| +65.79% | 16.79B |
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