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SPIE SAENXTPA:SPIE Stock Report

Market Cap €8.1b
Share Price
€47.58
€46
3.4% overvalued intrinsic discount
1Y20.5%
7D-0.5%
Portfolio Value
​
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SPIE SA

ENXTPA:SPIE Stock Report

Market Cap: €8.1b

SPIE (SPIE) Stock Overview

Provides multi-technical services in the areas of energy and communications in France, Germany, the Netherlands, and internationally. More details

SPIE fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance1/6
Financial Health3/6
Dividends3/6

Rewards

Trading at 59.5% below our estimate of its fair value

Earnings are forecast to grow 20.6% per year

Risk Analysis

Dividend of 2.27% is not well covered by earnings

Profit margins (1.7%) are lower than last year (2.7%)

Has a high level of debt

Large one-off items impacting financial results


SPIE Community Fair Values

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See what 15 others think this stock is worth. Follow their fair value or set your own to get alerts.

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SPIE

European Credit Constraints And Integration Challenges Will Impair Outcomes

Key Takeaways Weakening industrial and public infrastructure investment, along with automation trends, could threaten SPIE's revenue growth and recurring margins. Ongoing integration risks, workforce shortages, and disrupted supply chains may challenge SPIE's earnings quality and margin improvement.
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€46
FV
3.4% overvalued intrinsic discount
5.37%
Revenue growth p.a.
22
users have viewed this narrative
0users have liked this narrative
0users have commented on this narrative
4users have followed this narrative
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SPIE

Accelerated Energy Transition And Digitalization Will Transform Infrastructure

Key Takeaways SPIE's leadership in energy transition and specialty services, combined with skilled labor shortages, positions it for sustained margin expansion, pricing power, and exceptional profitability. Its rapid integration of high-value bolt-ons and focus on recurring outsourcing contracts underpin resilient cash flows, compounding growth, and the potential for superior shareholder returns.
View narrative
€60
FV
20.7% undervalued intrinsic discount
6.14%
Revenue growth p.a.
13
users have viewed this narrative
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
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SPIE SA Competitors

Price History & Performance

Summary of share price highs, lows and changes for SPIE
Historical stock prices
Current Share Price€47.58
52 Week High€54.55
52 Week Low€39.06
Beta0.71
1 Month Change2.76%
3 Month Change1.75%
1 Year Change20.52%
3 Year Change73.65%
5 Year Change130.75%
Change since IPO172.66%

Recent News & Updates

Recent updates

SPIE SA's (EPA:SPIE) Popularity With Investors Is Clear

Jan 23
SPIE SA's (EPA:SPIE) Popularity With Investors Is Clear

SPIE's (EPA:SPIE) Returns On Capital Are Heading Higher

Nov 12
SPIE's (EPA:SPIE) Returns On Capital Are Heading Higher

Is There An Opportunity With SPIE SA's (EPA:SPIE) 43% Undervaluation?

Oct 28
Is There An Opportunity With SPIE SA's (EPA:SPIE) 43% Undervaluation?

Here's Why SPIE (EPA:SPIE) Can Manage Its Debt Responsibly

Oct 10
Here's Why SPIE (EPA:SPIE) Can Manage Its Debt Responsibly

Is It Time To Consider Buying SPIE SA (EPA:SPIE)?

Sep 26
Is It Time To Consider Buying SPIE SA (EPA:SPIE)?

SPIE (EPA:SPIE) Has Announced A Dividend Of €0.30

Sep 08
SPIE (EPA:SPIE) Has Announced A Dividend Of €0.30

SPIE SA (EPA:SPIE) Released Earnings Last Week And Analysts Lifted Their Price Target To €49.15

Aug 03
SPIE SA (EPA:SPIE) Released Earnings Last Week And Analysts Lifted Their Price Target To €49.15

SPIE (EPA:SPIE) Is Looking To Continue Growing Its Returns On Capital

Jul 27
SPIE (EPA:SPIE) Is Looking To Continue Growing Its Returns On Capital

Investors Interested In SPIE SA's (EPA:SPIE) Earnings

Jul 13
Investors Interested In SPIE SA's (EPA:SPIE) Earnings

With EPS Growth And More, SPIE (EPA:SPIE) Makes An Interesting Case

Jun 29
With EPS Growth And More, SPIE (EPA:SPIE) Makes An Interesting Case

Are Investors Undervaluing SPIE SA (EPA:SPIE) By 34%?

Jun 17
Are Investors Undervaluing SPIE SA (EPA:SPIE) By 34%?

We Think SPIE SA's (EPA:SPIE) CEO Compensation Looks Fair

Apr 23
We Think SPIE SA's (EPA:SPIE) CEO Compensation Looks Fair

Is It Too Late To Consider Buying SPIE SA (EPA:SPIE)?

Apr 20
Is It Too Late To Consider Buying SPIE SA (EPA:SPIE)?
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Focus On Renewable Energy And Decisive Acquisitions With Vattenfall And Correll Group Will Propel Revenue Growth And Margin Expansion

SPIE's strategic focus on renewable energy projects in Poland and offshore wind initiatives is expected to enhance revenue and market position.

Shareholder Returns

SPIEFR Commercial ServicesFR Market
7D-0.5%1.2%0.08%
1Y20.5%21.8%8.4%

Return vs Industry: SPIE matched the French Commercial Services industry which returned 20.4% over the past year.

Return vs Market: SPIE exceeded the French Market which returned 7.7% over the past year.

Price Volatility

Is SPIE's price volatile compared to industry and market?
SPIE volatility
SPIE Average Weekly Movement4.2%
Commercial Services Industry Average Movement4.2%
Market Average Movement5.3%
10% most volatile stocks in FR Market10.5%
10% least volatile stocks in FR Market2.9%

Stable Share Price: SPIE has not had significant price volatility in the past 3 months compared to the French market.

Volatility Over Time: SPIE's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
190054,673Gauthier Louettewww.spie.com

SPIE SA provides multi-technical services in the areas of energy and communications in France, Germany, the Netherlands, and internationally. It operates through five segments: France, Germany, North-Western Europe, Central Europe, and Global Services Energy. The company provides design, ICT consultancy and engineering, installation, maintenance and maintenance durability, technical facility management, and managed services.

SPIE SA Fundamentals Summary

How do SPIE's earnings and revenue compare to its market cap?
SPIE fundamental statistics
Market cap€8.10b
Earnings (TTM)€176.40m
Revenue (TTM)€10.49b
45.9x
P/E Ratio
0.8x
P/S Ratio

Is SPIE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SPIE income statement (TTM)
Revenue€10.49b
Cost of Revenue€9.53b
Gross Profit€966.90m
Other Expenses€790.50m
Earnings€176.40m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

Apr 24, 2026

Earnings per share (EPS)1.04
Gross Margin9.22%
Net Profit Margin1.68%
Debt/Equity Ratio110.5%

How did SPIE perform over the long term?

See historical performance and comparison

Dividends

2.3%
Current Dividend Yield
103%
Payout Ratio

Does SPIE pay a reliable dividends?

See SPIE dividend history and benchmarks
When do you need to buy SPIE by to receive an upcoming dividend?
SPIE dividend dates
Ex Dividend DateMay 11 2026
Dividend Pay DateMay 13 2026
Days until Ex dividend23 days
Days until Dividend pay date25 days

Does SPIE pay a reliable dividends?

See SPIE dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/16 09:33
End of Day Share Price 2026/04/16 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

SPIE SA is covered by 19 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Anna PatriceBerenberg
Aleksander PetercBernstein
Laurent GelebartBNP Paribas