SPIE Balance Sheet Health

Financial Health criteria checks 4/6

SPIE has a total shareholder equity of €2.1B and total debt of €2.3B, which brings its debt-to-equity ratio to 107.4%. Its total assets and total liabilities are €10.0B and €7.9B respectively. SPIE's EBIT is €639.4M making its interest coverage ratio 7. It has cash and short-term investments of €713.7M.

Key information

107.36%

Debt to equity ratio

€2.25b

Debt

Interest coverage ratio	7x
Cash	€713.71m
Equity	€2.10b
Total liabilities	€7.89b
Total assets	€9.99b

Recent financial health updates

Recent updates

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

Apr 23

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

Apr 20

We Think SPIE (EPA:SPIE) Can Stay On Top Of Its Debt

Apr 08

SPIE's (EPA:SPIE) Shareholders Will Receive A Bigger Dividend Than Last Year

Mar 27

The Return Trends At SPIE (EPA:SPIE) Look Promising

Mar 24

SPIE's (EPA:SPIE) Earnings Seem To Be Promising

Mar 12

Earnings Tell The Story For SPIE SA (EPA:SPIE) As Its Stock Soars 27%

Mar 09

Is SPIE SA (EPA:SPIE) Trading At A 21% Discount?

Mar 08

Do SPIE's (EPA:SPIE) Earnings Warrant Your Attention?

Feb 08

Should You Investigate SPIE SA (EPA:SPIE) At €29.36?

Jan 08

The Return Trends At SPIE (EPA:SPIE) Look Promising

Dec 09

Focus On Renewable Energy And Decisive Acquisitions With Vattenfall And Correll Group Will Propel Revenue Growth And Margin Expansion

Dec 08 SPIE's strategic focus on renewable energy projects in Poland and offshore wind initiatives is expected to enhance revenue and market position.

These 4 Measures Indicate That SPIE (EPA:SPIE) Is Using Debt Reasonably Well

Nov 25

What You Can Learn From SPIE SA's (EPA:SPIE) P/E

Nov 12

Why SPIE SA (EPA:SPIE) Could Be Worth Watching

Sep 28

SPIE's (EPA:SPIE) Dividend Will Be €0.25

Sep 02

SPIE SA (EPA:SPIE) Just Released Its Half-Year Results And Analysts Are Updating Their Estimates

Jul 31

Are Investors Undervaluing SPIE SA (EPA:SPIE) By 26%?

Jul 25

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

Jun 26

Financial Position Analysis

Short Term Liabilities: SPIE's short term assets (€3.5B) do not cover its short term liabilities (€4.4B).

Long Term Liabilities: SPIE's short term assets (€3.5B) exceed its long term liabilities (€3.5B).

Debt to Equity History and Analysis

Debt Level: SPIE's net debt to equity ratio (73.4%) is considered high.

Reducing Debt: SPIE's debt to equity ratio has reduced from 146.2% to 107.4% over the past 5 years.

Debt Coverage: SPIE's debt is well covered by operating cash flow (40.8%).

Interest Coverage: SPIE's interest payments on its debt are well covered by EBIT (7x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/06/02 18:44
End of Day Share Price	2025/06/02 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 24 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Anna Patrice	Berenberg
Laurent Gelebart	BNP Paribas Exane
Simona Sarli	BofA Global Research

SPIE Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

We Think SPIE (EPA:SPIE) Can Stay On Top Of Its Debt

These 4 Measures Indicate That SPIE (EPA:SPIE) Is Using Debt Reasonably Well

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

Recent updates

Upcoming dividend of €0.75 per share

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

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

SPIE SA (ENXTPA:SPIE) signed an agreement to acquire Ltec Sp. z o.o.

We Think SPIE (EPA:SPIE) Can Stay On Top Of Its Debt

Full year 2024 earnings: EPS misses analyst expectations

SPIE's (EPA:SPIE) Shareholders Will Receive A Bigger Dividend Than Last Year

Final dividend increased to €0.75

SPIE SA, Annual General Meeting, Apr 30, 2025

The Return Trends At SPIE (EPA:SPIE) Look Promising

Consensus EPS estimates fall by 15%

Price target increased by 7.7% to €43.64

SPIE's (EPA:SPIE) Earnings Seem To Be Promising

Earnings Tell The Story For SPIE SA (EPA:SPIE) As Its Stock Soars 27%

Full year 2024 earnings: EPS misses analyst expectations

Is SPIE SA (EPA:SPIE) Trading At A 21% Discount?

SPIE SA to Report Q3, 2025 Results on Oct 31, 2025

Investor sentiment improves as stock rises 22%

SPIE SA Recommends Dividend for Year 2024

Do SPIE's (EPA:SPIE) Earnings Warrant Your Attention?

SPIE SA (ENXTPA:SPIE) commences an Equity Buyback Plan, under the authorization approved on May 3, 2024.

Should You Investigate SPIE SA (EPA:SPIE) At €29.36?

SPIE SA (ENXTPA:SPIE) agreed to acquire Anylinq B.V.

Insufficient new directors

The Return Trends At SPIE (EPA:SPIE) Look Promising

Focus On Renewable Energy And Decisive Acquisitions With Vattenfall And Correll Group Will Propel Revenue Growth And Margin Expansion

These 4 Measures Indicate That SPIE (EPA:SPIE) Is Using Debt Reasonably Well

What You Can Learn From SPIE SA's (EPA:SPIE) P/E

SPIE SA to Report Fiscal Year 2024 Results on Mar 06, 2025

Why SPIE SA (EPA:SPIE) Could Be Worth Watching

SPIE's (EPA:SPIE) Dividend Will Be €0.25

First half dividend increased to €0.25

SPIE SA (ENXTPA:SPIE) completed the acquisition of 87% stake in Otto Life Science Engineering GmbH.

SPIE SA (EPA:SPIE) Just Released Its Half-Year Results And Analysts Are Updating Their Estimates

Now 22% undervalued

First half 2024 earnings released: EPS: €0.34 (vs €0.45 in 1H 2023)

SPIE SA Announces Interim Cash Dividend, Payable on September 20, 2024

Are Investors Undervaluing SPIE SA (EPA:SPIE) By 26%?

SPIE SA (ENXTPA:SPIE) agreed to acquire 87% stake in Otto Life Science Engineering GmbH.

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

SPIE SA Provides Dividend Guidance for the Year 2024

SPIE SA (ENXTPA:SPIE) completed the acquisition of approximately 92% stake in ICG Group from H.I.G. Europe Realty Partners.

Price target increased by 8.0% to €36.56

New minor risk - Earnings quality

Final dividend increased to €0.61

SPIE SA (ENXTPA:SPIE) completed the acquisition of ROBUR Industry Service Group GmbH from InterAlpen Partners, LLC and GREENPEAK Partners Advisory GmbH.

SPIE SA (ENXTPA:SPIE) signed a definitive agreement to acquire Infratech/comcross Holding GmbH from H.I.G. Europe Realty Partners.

Full year 2023 earnings: Revenues in line with analyst expectations

Price target increased by 7.4% to €34.56

SPIE SA Recommends Dividend for the Fiscal Year 2023, Payable on May 16, 2024

New minor risk - Shareholder dilution

SPIE SA (ENXTPA:SPIE) agreed to acquire 99% stake in ROBUR Industry Service Group GmbH.

SPIE SA (ENXTPA:SPIE) signed an agreement to acquire Grid Solutions Activities of Strukton Systems B.V.

SPIE SA to Report First Half, 2024 Results on Jul 26, 2024

SPIE SA (ENXTPA:SPIE) acquired a 85% stake in Reseaux Environnement from Philippe Durand and others.

Upcoming dividend of €0.22 per share at 2.8% yield

SPIE SA (ENXTPA:SPIE) signed an agreement to acquire 75.1% stake in Bridgingit Gmbh.

Now 20% undervalued after recent price drop

Now 20% undervalued

SPIE Enters Into Exclusive Negotiations For Acquisition Of AVM Up

SPIE SA (ENXTPA:SPIE) signed an agreement to acquire Enterprise Communications & Services Gmbh.

Now 21% undervalued

Upcoming dividend of €0.55 per share at 2.5% yield

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

SPIE SA (ENXTPA:SPIE) signed an agreement to acquire General Property Sp. z o.o.

SPIE SA to Report Q3, 2023 Results on Nov 03, 2023

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Discover healthy companies

Company Analysis and Financial Data Status

Data Sources