Financials SPIE SA

Equities

SPIE

FR0012757854

Construction & Engineering

Market Closed - Euronext Paris 16:35:19 26/04/2024 BST 5-day change 1st Jan Change
34.16 EUR -0.12% Intraday chart for SPIE SA +1.18% +20.71%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,864 2,809 3,696 3,969 4,711 5,687 - -
Enterprise Value (EV) 1 4,455 4,105 4,961 5,292 5,957 6,929 6,711 6,410
P/E ratio 19.1 x 52.4 x 21.6 x 26.5 x 19.7 x 17.5 x 15.3 x 13.9 x
Yield 0.94% 2.47% 2.64% 3% 2.93% 3.06% 3.18% 3.32%
Capitalization / Revenue 0.41 x 0.42 x 0.53 x 0.49 x 0.54 x 0.58 x 0.55 x 0.52 x
EV / Revenue 0.64 x 0.62 x 0.71 x 0.65 x 0.68 x 0.7 x 0.65 x 0.59 x
EV / EBITDA 9.44 x 7.72 x 8.12 x 7.58 x 7.44 x 7.55 x 6.9 x 6.28 x
EV / FCF 12.3 x 8.3 x 11 x 10.3 x 9.14 x 14.7 x 13.5 x 11.9 x
FCF Yield 8.13% 12% 9.05% 9.67% 10.9% 6.78% 7.41% 8.4%
Price to Book 1.94 x 1.97 x 2.2 x 2.12 x 2.41 x 2.6 x 2.36 x 2.07 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 34.16 34.16 34.16
Announcement Date 11/03/20 12/03/21 11/03/22 10/03/23 07/03/24 - - -
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 9,865 10,394 10,912
EBITDA 1 471.7 531.8 610.7 698.1 801.2 917.3 973 1,020
EBIT 1 415.7 340.6 426.7 511.2 584.2 682 716.4 767
Operating Margin 6% 5.12% 6.1% 6.3% 6.7% 6.91% 6.89% 7.03%
Earnings before Tax (EBT) 1 266.5 125 270.3 240.2 358.3 506.9 555.5 608
Net income 1 150.5 53.21 169.1 151.5 238.5 326.7 367.7 404.6
Net margin 2.17% 0.8% 2.42% 1.87% 2.73% 3.31% 3.54% 3.71%
EPS 2 0.9521 0.3400 1.050 0.9200 1.440 1.948 2.229 2.466
Free Cash Flow 1 362.2 494.5 449 511.5 651.6 469.9 497 538.7
FCF margin 5.23% 7.43% 6.42% 6.3% 7.47% 4.76% 4.78% 4.94%
FCF Conversion (EBITDA) 76.79% 92.97% 73.52% 73.28% 81.33% 51.23% 51.08% 52.81%
FCF Conversion (Net income) 240.69% 929.28% 265.51% 337.57% 273.21% 143.81% 135.18% 133.14%
Dividend per Share 2 0.1700 0.4400 0.6000 0.7300 0.8300 1.046 1.085 1.135
Announcement Date 11/03/20 12/03/21 11/03/22 10/03/23 07/03/24 - - -
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 29/07/20 12/03/21 29/07/21 05/11/21 04/05/22 29/07/22 29/07/22 04/11/22 27/07/23 27/07/23 03/11/23 07/03/24 25/04/24
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 1,242 1,025 724
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.374 x 2.437 x 2.071 x 1.896 x 1.555 x 1.354 x 1.053 x 0.7096 x
Free Cash Flow 1 362 494 449 512 652 470 497 539
ROE (net income / shareholders' equity) 15.7% 7.61% 10.5% 15.8% 12.4% 20.7% 18.6% 18.6%
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 13.10 14.50 16.50
Cash Flow per Share 2 2.770 3.540 3.200 3.520 4.310 2.760 2.900 -
Capex 1 69.9 65.7 66.9 65.8 61.7 71.4 75.6 78.4
Capex / Sales 1.01% 0.99% 0.96% 0.81% 0.71% 0.72% 0.73% 0.72%
Announcement Date 11/03/20 12/03/21 11/03/22 10/03/23 07/03/24 - - -
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-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
34.16 EUR
Average target price
38.11 EUR
Spread / Average Target
+11.57%
Consensus

Quarterly revenue - Rate of surprise