SPIE Stock Analysis: SPIE | PA
Engineering & Construction | PA, France | Market Cap: 7.027m EUR | 12M Return: -7.4% | FR0012757854 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 23.5M
Rev. Trend: 93.5%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.3 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
SPIE SA is a French multi-technical services company that delivers engineering, installation, maintenance, and facility management solutions across the energy and communications sectors. It operates through five geographic segments-France, Germany, North-Western Europe, Central Europe, and Global Services Energy-and offers a portfolio that includes E-Mobility, IoT and data management, cybersecurity, smart building solutions, and energy efficiency services. The company was founded in 1900 and is headquartered in Cergy-Pontoise, France, and is listed on Euronext Paris as a mid-cap Industrials stock within the Diversified Support Services sub-industry.
The multi-technical services model bundles several trades-typically electrical engineering, HVAC, mechanical systems, and ICT-under single contracts for clients in infrastructure, commercial real estate, and industrial sites, allowing providers to cross-sell across a facilitys technical needs. In Europe, this model is commonly used for long-term outsourcing of building and energy systems to public-sector and large corporate clients, which tends to produce recurring, contract-based revenue streams.
- European energy transition drives multi-year electrical infrastructure upgrade demand
- France nuclear and grid modernization backlog expands SPIE technical services revenue
- Germany industrial electrification and decarbonization capex accelerates segment growth
| Net Income: 301.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -1.34 > 1.0 |
| NWC/Revenue: -10.45% < 20% (prev -10.01%; Δ -0.43% < -1%) |
| CFO/TA 0.09 > 3% & CFO 954.7m > Net Income 301.7m |
| Net Debt (3.57b) to EBITDA (1.05b): 3.40 < 3 |
| Current Ratio: 0.77 > 1.5 & < 3 |
| Outstanding Shares: last quarter (170.8m) vs 12m ago 2.91% < -2% |
| Gross Margin: 5.08% > 18% (prev 5.27%; Δ -0.18% > 0.5%) |
| Asset Turnover: 99.34% > 50% (prev 102.5%; Δ -3.15% > 0%) |
| Interest Coverage Ratio: 3.70 > 6 (EBIT TTM 589.1m / Interest Expense TTM 159.0m) |
| A: -0.10 (Total Current Assets 3.79b - Total Current Liabilities 4.90b) / Total Assets 11.2b |
| B: 0.01 (Retained Earnings 111.9m / Total Assets 11.2b) |
| C: 0.06 (EBIT TTM 589.1m / Avg Total Assets 10.6b) |
| D: 0.23 (Book Value of Equity 2.09b / Total Liabilities 9.11b) |
| Altman-Z'' = -0.00 = B |
| DSRI: 1.08 (Receivables 2.75b/2.49b, Revenue 10.6b/10.3b) |
| GMI: 1.04 (GM 5.27% / 5.08%) |
| AQI: 1.03 (AQ_t 0.59 / AQ_t-1 0.57) |
| SGI: 1.02 (Revenue 10.6b / 10.3b) |
| TATA: -0.06 (NI 301.7m - CFO 954.7m) / TA 11.2b) |
| Beneish M = -2.90 (Cap -4..+1) = A |
As of October 09, 2026, the stock is trading at EUR 41.48 with a total of 317,530 shares traded. Over the past week, the price has changed by +1.02%, over one month by -5.29%, over three months by -15.31% and over the past year by -7.44%.
Current recommended Stop Loss: 39.90 (which is 3.8% or 1.4 ATR below the current price).
SPIE has no consensus analysts rating.
P/E Trailing = 23.3708
P/E Forward = 12.8041
P/S = 0.6588
P/B = 3.6281
Revenue TTM = 10.6b EUR
EBIT TTM = 589.1m EUR
EBITDA TTM = 1.05b EUR
Long Term Debt = 2.40b EUR (from longTermDebt, last quarter)
Short Term Debt = 560.1m EUR (from shortTermDebt, last quarter)
Debt = 3.99b EUR (from shortLongTermDebtTotal, last quarter) + Leases 621.2m
Net Debt = 3.57b EUR (calculated: Debt 3.99b - CCE 421.1m)
Enterprise Value = 10.6b EUR (7.03b + Debt 3.99b - CCE 421.1m)
Interest Coverage Ratio = 3.70 (Ebit TTM 589.1m / Interest Expense TTM 159.0m)
EV/FCF = 11.99x (Enterprise Value 10.6b / FCF TTM 883.8m)
FCF Yield = 8.34% (FCF TTM 883.8m / Enterprise Value 10.6b)
FCF Margin = 8.36% (FCF TTM 883.8m / Revenue TTM 10.6b)
Net Margin = 2.85% (Net Income TTM 301.7m / Revenue TTM 10.6b)
Gross Margin = 5.08% ((Revenue TTM 10.6b - Cost of Revenue TTM 10.0b) / Revenue TTM)
Gross Margin QoQ = 3.90% (prev 6.22%)
Tobins Q-Ratio = 0.94 (Enterprise Value 10.6b / Total Assets 11.2b)
Interest Expense / Debt = 3.98% (Interest Expense 159.0m / Debt 3.99b)
Taxrate = 34.95% (163.5m / 467.8m)
NOPAT = 383.2m (EBIT 589.1m * (1 - 34.95%))
Current Ratio = 0.77 (Total Current Assets 3.79b / Total Current Liabilities 4.90b)
Debt / Equity = 1.91 (Debt 3.99b / totalStockholderEquity, last quarter 2.09b)
Debt / EBITDA = 3.40 (Net Debt 3.57b / EBITDA 1.05b)
Debt / FCF = 4.04 (Net Debt 3.57b / FCF TTM 883.8m)
Total Stockholder Equity = 2.05b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.83% (Net Income 301.7m / Total Assets 11.2b)
RoE = 14.68% (Net Income TTM 301.7m / Total Stockholder Equity 2.05b)
RoCE = 13.22% (EBIT 589.1m / Capital Employed (Equity 2.05b + L.T.Debt 2.40b))
RoIC = 5.93% (NOPAT 383.2m / Invested Capital 6.46b)
WACC = 5.14% (E(7.03b)/V(11.0b) * Re(6.59%) + D(3.99b)/V(11.0b) * Rd(3.98%) * (1-Tc(0.35)))
Discount Rate = 6.59% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 41.90 | Cagr: 1.36%
[DCF] Terminal Value 74.78% ; FCFF base≈901.3m ; Y1≈869.4m ; Y5≈849.8m
[DCF] Fair Price = 57.80 (EV 13.3b - Net Debt 3.57b = Equity 9.76b / Shares 168.9m; r=8.35% [WACC [floored]]; 5y FCF grow -4.71% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 93.52 | Revenue CAGR: 23.66% | SUE: 2.76 | # QB: 1
EPS current Quarter (2026-03-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS next Quarter (2026-06-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=3.07 | Chg30d=+0.02% | Revisions=-29% | GrowthEPS=+14.3% | GrowthRev=+8.1%
EPS next Year (2027-12-31): EPS=3.45 | Chg30d=-0.25% | Revisions=-29% | GrowthEPS=+12.2% | GrowthRev=+7.5%
[Analyst] Revisions Ratio: -36% (up=2, down=6)