(SR) Spire - Ratings and Ratios
Natural Gas, Propane, Storage, Transportation
Dividends
| Dividend Yield | 4.83% |
| Yield on Cost 5y | 7.44% |
| Yield CAGR 5y | 4.90% |
| Payout Consistency | 74.0% |
| Payout Ratio | 71.1% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 20.1% |
| Value at Risk 5%th | 33.1% |
| Relative Tail Risk | 0.14% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.88 |
| Alpha | 14.74 |
| CAGR/Max DD | 0.44 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.369 |
| Beta | 0.229 |
| Beta Downside | 0.330 |
| Drawdowns 3y | |
|---|---|
| Max DD | 25.10% |
| Mean DD | 9.03% |
| Median DD | 7.29% |
Description: SR Spire November 07, 2025
Spire Inc. (NYSE: SR) is a vertically integrated natural-gas utility that purchases, transports, stores, markets, and retails natural gas to residential, commercial, industrial and other end-users across the United States.
The company operates through three distinct segments: (1) **Gas Utility**, which delivers regulated gas service to roughly 2.2 million customers; (2) **Gas Marketing**, which sells unregulated gas contracts and related services; and (3) **Midstream**, which owns and operates pipelines, storage facilities, and a propane pipeline network.
Key operational metrics (FY 2023) include an adjusted EBITDA of **$1.1 billion**, a regulated rate base of **$13.5 billion**, and a **customer growth rate of 2.1 % YoY**, reflecting modest demand expansion in the Midwest and South-Central regions where Spire is concentrated.
Sector drivers that materially affect Spire’s outlook are (a) the **U.S. natural-gas price outlook**, which is tied to seasonal heating demand and the growing share of LNG imports; (b) **state-level regulatory frameworks** that set rate-of-return caps and influence capital-intensive pipeline projects; and (c) the **transition to lower-carbon energy**, which creates both headwinds (potential demand erosion) and tailwinds (opportunity to expand propane and renewable-gas offerings).
For a data-rich, quantitative deep-dive on Spire’s valuation sensitivities and scenario analysis, you may find the ValueRay platform useful as a next step in your research.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income (271.7m TTM) > 0 and > 6% of Revenue (6% = 148.6m TTM) |
| FCFTA -0.03 (>2.0%) and ΔFCFTA -3.28pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -70.30% (prev -35.97%; Δ -34.33pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.05 (>3.0%) and CFO 578.0m > Net Income 271.7m (YES >=105%, WARN >=100%) |
| Net Debt (5.23b) to EBITDA (833.7m) ratio: 6.28 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.32 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (59.0m) change vs 12m ago 2.25% (target <= -2.0% for YES) |
| Gross Margin 44.67% (prev 37.88%; Δ 6.79pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 22.08% (prev 23.88%; Δ -1.80pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 2.62 (EBITDA TTM 833.7m / Interest Expense TTM 204.1m) >= 6 (WARN >= 3) |
Altman Z'' -0.21
| (A) -0.15 = (Total Current Assets 807.7m - Total Current Liabilities 2.55b) / Total Assets 11.58b |
| (B) 0.09 = Retained Earnings (Balance) 1.09b / Total Assets 11.58b |
| (C) 0.05 = EBIT TTM 535.5m / Avg Total Assets 11.22b |
| (D) 0.14 = Book Value of Equity 1.17b / Total Liabilities 8.18b |
| Total Rating: -0.21 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 41.45
| 1. Piotroski 4.0pt |
| 2. FCF Yield -3.22% |
| 3. FCF Margin -13.12% |
| 4. Debt/Equity 1.55 |
| 5. Debt/Ebitda 6.28 |
| 6. ROIC - WACC (= 0.98)% |
| 7. RoE 7.94% |
| 8. Rev. Trend -13.97% |
| 9. EPS Trend -15.52% |
What is the price of SR shares?
Over the past week, the price has changed by -3.07%, over one month by -8.27%, over three months by +9.53% and over the past year by +22.72%.
Is SR a buy, sell or hold?
- Strong Buy: 3
- Buy: 1
- Hold: 6
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the SR price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 93.5 | 13.8% |
| Analysts Target Price | 93.5 | 13.8% |
| ValueRay Target Price | 93.5 | 13.8% |
SR Fundamental Data Overview December 06, 2025
P/E Trailing = 18.849
P/E Forward = 16.2602
P/S = 1.9637
P/B = 1.5726
P/EG = 2.4549
Beta = 0.679
Revenue TTM = 2.48b USD
EBIT TTM = 535.5m USD
EBITDA TTM = 833.7m USD
Long Term Debt = 3.37b USD (from longTermDebt, last quarter)
Short Term Debt = 1.81b USD (from shortTermDebt, last quarter)
Debt = 5.24b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 5.23b USD (from netDebt column, last quarter)
Enterprise Value = 10.10b USD (4.86b + Debt 5.24b - CCE 5.70m)
Interest Coverage Ratio = 2.62 (Ebit TTM 535.5m / Interest Expense TTM 204.1m)
FCF Yield = -3.22% (FCF TTM -324.9m / Enterprise Value 10.10b)
FCF Margin = -13.12% (FCF TTM -324.9m / Revenue TTM 2.48b)
Net Margin = 10.97% (Net Income TTM 271.7m / Revenue TTM 2.48b)
Gross Margin = 44.67% ((Revenue TTM 2.48b - Cost of Revenue TTM 1.37b) / Revenue TTM)
Gross Margin QoQ = 57.26% (prev 44.58%)
Tobins Q-Ratio = 0.87 (Enterprise Value 10.10b / Total Assets 11.58b)
Interest Expense / Debt = 1.12% (Interest Expense 58.8m / Debt 5.24b)
Taxrate = 28.80% (-16.1m / -55.9m)
NOPAT = 381.3m (EBIT 535.5m * (1 - 28.80%))
Current Ratio = 0.32 (Total Current Assets 807.7m / Total Current Liabilities 2.55b)
Debt / Equity = 1.55 (Debt 5.24b / totalStockholderEquity, last quarter 3.39b)
Debt / EBITDA = 6.28 (Net Debt 5.23b / EBITDA 833.7m)
Debt / FCF = -16.11 (negative FCF - burning cash) (Net Debt 5.23b / FCF TTM -324.9m)
Total Stockholder Equity = 3.42b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.35% (Net Income 271.7m / Total Assets 11.58b)
RoE = 7.94% (Net Income TTM 271.7m / Total Stockholder Equity 3.42b)
RoCE = 7.88% (EBIT 535.5m / Capital Employed (Equity 3.42b + L.T.Debt 3.37b))
RoIC = 4.70% (NOPAT 381.3m / Invested Capital 8.11b)
WACC = 3.72% (E(4.86b)/V(10.10b) * Re(6.86%) + D(5.24b)/V(10.10b) * Rd(1.12%) * (1-Tc(0.29)))
Discount Rate = 6.86% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 4.92%
Fair Price DCF = unknown (Cash Flow -324.9m)
EPS Correlation: -15.52 | EPS CAGR: -34.78% | SUE: -0.70 | # QB: 0
Revenue Correlation: -13.97 | Revenue CAGR: -12.67% | SUE: -0.47 | # QB: 0
EPS next Quarter (2026-03-31): EPS=3.64 | Chg30d=+0.042 | Revisions Net=-1 | Analysts=5
EPS current Year (2026-09-30): EPS=5.15 | Chg30d=-0.130 | Revisions Net=+1 | Growth EPS=+16.1% | Growth Revenue=+11.0%
EPS next Year (2027-09-30): EPS=5.68 | Chg30d=+0.043 | Revisions Net=+3 | Growth EPS=+10.2% | Growth Revenue=+9.0%
Additional Sources for SR Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle