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SPIE

OTCPK:SPIW.F
Snowflake Description

Good value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SPIW.F
OTCPK
€3B
Market Cap
  1. Home
  2. US
  3. Commercial Services
Company description

SPIE SA operates as a multi-technical services company in the areas of energy and communications. The last earnings update was 39 days ago. More info.


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SPIW.F Share Price and Events
7 Day Returns
-
OTCPK:SPIW.F
2.6%
US Commercial Services
0.2%
US Market
1 Year Returns
-
OTCPK:SPIW.F
11.4%
US Commercial Services
6.3%
US Market
SPIW.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SPIE (SPIW.F) - - - - - -
US Commercial Services 2.6% 4.8% 9.3% 11.4% 55.9% 80.2%
US Market 0.2% 2.1% 8.5% 6.3% 37.9% 45.7%
1 Year Return vs Industry and Market
  • No trading data on SPIW.F.
  • No trading data on SPIW.F.
Price Volatility
SPIW.F
Industry
5yr Volatility vs Market
Related Companies

Value

 Is SPIE undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of SPIE to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for SPIE.

OTCPK:SPIW.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:SPIW.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.7%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 33%) (83.76%))
1.098
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.098 * 6.65%)
10.03%

Discounted Cash Flow Calculation for OTCPK:SPIW.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SPIE is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:SPIW.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 10.03%)
2019 272.70 Analyst x6 247.83
2020 291.40 Analyst x6 240.68
2021 322.05 Analyst x4 241.74
2022 327.67 Est @ 1.75% 223.53
2023 334.36 Est @ 2.04% 207.29
2024 341.88 Est @ 2.25% 192.62
2025 350.06 Est @ 2.39% 179.25
2026 358.79 Est @ 2.49% 166.96
2027 367.99 Est @ 2.56% 155.63
2028 377.61 Est @ 2.61% 145.13
Present value of next 10 years cash flows €2,000.66
OTCPK:SPIW.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €377.61 × (1 + 2.73%) ÷ (10.03% – 2.73%)
€5,310.95
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €5,310.95 ÷ (1 + 10.03%)10
€2,041.25
OTCPK:SPIW.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €2,000.66 + €2,041.25
€4,041.91
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €4,041.91 / 155.55
€25.98
OTCPK:SPIW.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:SPIW.F represents 1.11297x of ENXTPA:SPIE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.11297x
Value per Share
(Listing Adjusted, USD)
= Value per Share (EUR) x Listing Adjustment Factor
= € 25.98 x 1.11297
$28.92
Value per share (USD) From above. $28.92
Current discount Discount to share price of $18.61
= -1 x ($18.61 - $28.92) / $28.92
35.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price SPIE is available for.
Intrinsic value
36%
Share price is $18.61 vs Future cash flow value of $28.92
Current Discount Checks
For SPIE to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SPIE's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SPIE's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SPIE's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SPIE's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:SPIW.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €1.05
ENXTPA:SPIE Share Price ** ENXTPA (2019-04-15) in EUR €16.72
United States of America Commercial Services Industry PE Ratio Median Figure of 51 Publicly-Listed Commercial Services Companies 21.52x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 18.15x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of SPIE.

OTCPK:SPIW.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:SPIE Share Price ÷ EPS (both in EUR)

= 16.72 ÷ 1.05

15.98x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SPIE is good value based on earnings compared to the US Commercial Services industry average.
  • SPIE is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does SPIE's expected growth come at a high price?
Raw Data
OTCPK:SPIW.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
10.6%per year
United States of America Commercial Services Industry PEG Ratio Median Figure of 34 Publicly-Listed Commercial Services Companies 1.72x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

OTCPK:SPIW.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.98x ÷ 10.6%

1.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SPIE is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on SPIE's assets?
Raw Data
OTCPK:SPIW.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €9.47
ENXTPA:SPIE Share Price * ENXTPA (2019-04-15) in EUR €16.72
United States of America Commercial Services Industry PB Ratio Median Figure of 87 Publicly-Listed Commercial Services Companies 2.1x
United States of America Market PB Ratio Median Figure of 5,178 Publicly-Listed Companies 1.91x
OTCPK:SPIW.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:SPIE Share Price ÷ Book Value per Share (both in EUR)

= 16.72 ÷ 9.47

1.76x

* Primary Listing of SPIE.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SPIE is good value based on assets compared to the US Commercial Services industry average.
X
Value checks
We assess SPIE's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. SPIE has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is SPIE expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SPIE expected to grow at an attractive rate?
  • SPIE's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • SPIE's earnings growth is positive but not above the United States of America market average.
  • SPIE's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:SPIW.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:SPIW.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 10.6%
OTCPK:SPIW.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 2.4%
United States of America Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:SPIW.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:SPIW.F Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 7,490 268 1
2021-12-31 7,242 420 222 6
2020-12-31 7,048 383 205 9
2019-12-31 6,859 339 182 9
OTCPK:SPIW.F Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 6,750 366 162
2018-09-30 6,683 124
2018-06-30 6,616 161 87
2018-03-31 6,400 229 100
2017-12-31 6,185 297 114
2017-09-30 5,724 154
2017-06-30 5,263 259 193
2017-03-31 5,124 309 194
2016-12-31 4,985 358 196
2016-09-30 5,094 153
2016-06-30 5,203 310 109
2016-03-31 5,333 400 60

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SPIE's earnings are expected to grow by 10.6% yearly, however this is not considered high growth (20% yearly).
  • SPIE's revenue is expected to grow by 2.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:SPIW.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from SPIE Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SPIW.F Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 1.43 1.65 1.24 6.00
2020-12-31 1.31 1.53 1.14 9.00
2019-12-31 1.18 1.30 1.06 10.00
OTCPK:SPIW.F Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 1.05
2018-09-30 0.80
2018-06-30 0.56
2018-03-31 0.65
2017-12-31 0.74
2017-09-30 1.00
2017-06-30 1.25
2017-03-31 1.26
2016-12-31 1.27
2016-09-30 1.00
2016-06-30 0.72
2016-03-31 0.39

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • SPIE is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess SPIE's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
SPIE has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has SPIE performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare SPIE's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • SPIE has delivered over 20% year on year earnings growth in the past 5 years.
  • SPIE's 1-year earnings growth exceeds its 5-year average (41.6% vs 36.4%)
  • SPIE's earnings growth has exceeded the US Commercial Services industry average in the past year (41.6% vs -0.4%).
Earnings and Revenue History
SPIE's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from SPIE Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SPIW.F Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 6,749.72 162.03 12.69
2018-09-30 6,683.05 124.29 12.01
2018-06-30 6,616.37 86.55 11.33
2018-03-31 6,400.49 100.49 10.71
2017-12-31 6,184.61 114.44 10.09
2017-09-30 5,723.86 153.60 20.00
2017-06-30 5,263.11 192.76 29.92
2017-03-31 5,124.29 194.21 29.20
2016-12-31 4,985.46 195.67 28.48
2016-09-30 5,093.98 152.59 28.63
2016-06-30 5,202.50 109.50 28.79
2016-03-31 5,332.84 60.00 29.91
2015-12-31 5,430.65 51.32 28.60
2015-09-30 5,463.32 12.09 15.52
2015-06-30 5,495.98 -27.14 2.43
2015-03-31 5,493.96 3.48
2014-12-31 5,368.15 -13.62
2014-09-30 5,297.95 10.88
2014-06-30 5,227.76 35.38
2014-03-31 4,952.73 39.96
2013-12-31 4,722.04 45.15
2012-12-31 4,271.65 58.51

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • SPIE has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SPIE used its assets less efficiently than the US Commercial Services industry average last year based on Return on Assets.
  • SPIE's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SPIE's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
SPIE has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is SPIE's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up SPIE's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SPIE's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • SPIE's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SPIE's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from SPIE Company Filings, last reported 3 months ago.

OTCPK:SPIW.F Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,476.01 2,178.41 791.46
2018-09-30 1,476.01 2,178.41 791.46
2018-06-30 1,364.43 2,342.98 388.21
2018-03-31 1,364.43 2,342.98 388.21
2017-12-31 1,442.35 2,112.57 551.22
2017-09-30 1,442.35 2,112.57 551.22
2017-06-30 1,372.76 2,253.34 360.88
2017-03-31 1,372.76 2,253.34 360.88
2016-12-31 1,417.25 1,500.09 573.29
2016-09-30 1,417.25 1,500.09 573.29
2016-06-30 1,294.75 1,531.52 306.14
2016-03-31 1,294.75 1,531.52 306.14
2015-12-31 1,316.84 1,517.54 612.33
2015-09-30 1,316.84 1,517.54 612.33
2015-06-30 1,205.52 1,573.62 280.51
2015-03-31 375.18 2,329.66 221.10
2014-12-31 363.21 2,405.41 518.10
2014-09-30 363.21 2,405.41 518.10
2014-06-30 422.10 0.00
2014-03-31 412.88 2,264.00 252.49
2013-12-31 416.40 2,271.74 411.62
2012-12-31 369.54 1,976.99 289.45
  • SPIE's level of debt (147.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (545.6% vs 147.6% today).
  • Debt is not well covered by operating cash flow (16.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.7x coverage).
X
Financial health checks
We assess SPIE's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. SPIE has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is SPIE's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.47%
Current annual income from SPIE dividends. Estimated to be 3.92% next year.
If you bought $2,000 of SPIE shares you are expected to receive $69 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • SPIE's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • SPIE's dividend is below the markets top 25% of dividend payers in United States of America (3.62%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:SPIW.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
United States of America Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 42 Stocks 1.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:SPIW.F Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.77 1.00
2021-12-31 0.69 7.00
2020-12-31 0.66 9.00
2019-12-31 0.61 10.00
OTCPK:SPIW.F Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-12 0.580 3.605
2018-03-22 0.560 3.738
2018-03-09 0.560 3.010
2017-05-17 0.530 2.330
2016-03-11 0.500 2.673

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, SPIE has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but SPIE only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of SPIE's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess SPIE's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can SPIE afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SPIE has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of SPIE's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Gauthier Louette
COMPENSATION €2,180,747
AGE 54
TENURE AS CEO 16.3 years
CEO Bio

Mr. Gauthier Louette has been the Chairman of the Board and Chief Executive Officer of SPIE SAS at SPIE Matthew Hall Limited since January 01, 2010 and 2003 respectively. Mr. Louette served as Co-Chief Executive Officer and Head of Operation of SPIE SA. He joined SPIE in 1986 and has spent his entire career with the Group. He serves as an administrator in the French National Federation of Public Works (Fédération Nationale des Travaux Publics), the French National Civil Engineering Federation (Syndicat des Entrepreneurs de Travaux Publics de France) and the French Association of Electrical Engineering Companies (Syndicat des Entreprises de Génie Électrique et Climatique). Mr. Louette is also a commander in the citizen reserve of the French navy. Mr. Louette is a graduate of the École Polytechnique (X81) and ENSTA (École Nationale Supérieure de Techniques Avancées).

CEO Compensation
  • Gauthier's compensation has been consistent with company performance over the past year.
  • Gauthier's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the SPIE management team in years:

2.3
Average Tenure
57
Average Age
  • The tenure for the SPIE management team is about average.
Management Team

Gauthier Louette

TITLE
Chairman & CEO
COMPENSATION
€2M
AGE
54
TENURE
16.3 yrs

Daniel Boscari

TITLE
Director of Municipality Development
AGE
59

Michel Delville

TITLE
Group Chief Financial Officer
AGE
58
TENURE
0.1 yrs

Thomas Guillois

TITLE
Investor Relations Director

Pascal Omnès

TITLE
Group Communication Director

Elisabeth Rasmussen

TITLE
Human Resources Director
AGE
56
TENURE
1.5 yrs

Olivier Domergue

TITLE
Chief Operating Officer of SPIE France
AGE
50

Vincent Magnon

TITLE
Chief Executive Officer of SPIE ICS and Managing Director of Spie Facilities
AGE
48
TENURE
2.3 yrs

Yves Company

TITLE
Chief Executive Officer of SPIE Oil & Gas Services
AGE
58
TENURE
13.3 yrs

Johan Dekempe

TITLE
Chief Executive Officer of SPIE Belgium
AGE
64
Board of Directors Tenure

Average tenure and age of the SPIE board of directors in years:

3.8
Average Tenure
55
Average Age
  • The tenure for the SPIE board of directors is about average.
Board of Directors

Daniel Boscari

TITLE
Director of Municipality Development
AGE
59
TENURE
3.8 yrs

Peter Mason

TITLE
Senior Independent Director
COMPENSATION
€87K
AGE
70
TENURE
3.3 yrs

Gauthier Louette

TITLE
Chairman & CEO
COMPENSATION
€2M
AGE
54

Michel Bleitrach

TITLE
Independent Director
COMPENSATION
€66K
AGE
70
TENURE
7.7 yrs

Regine Stachelhaus

TITLE
Independent Director
COMPENSATION
€62K
AGE
63
TENURE
4.8 yrs

Gabrielle van Klaveren-Hessel

TITLE
Director
AGE
56
TENURE
3.8 yrs

Sophie Etchandy-Stabile

TITLE
Independent Director
COMPENSATION
€54K
AGE
48
TENURE
4.8 yrs

Nathalie Palladitcheff

TITLE
Director
AGE
51
TENURE
3 yrs

Tanja Rueckert

TITLE
Independent Director
COMPENSATION
€7K
AGE
48
TENURE
1.6 yrs

Bertrand Finet

TITLE
Non-Voting Director
AGE
51
TENURE
1.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess SPIE's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. SPIE has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

SPIE SA operates as a multi-technical services company in the areas of energy and communications. It operates through France; Germany and Central Europe; North Western Europe; and Oil & Gas and Nuclear segments. The company offers electrical, mechanical, heating, ventilation, and air conditioning engineering services; and information and communications technology services comprising installation, upgradation, and management of voice, data, and image communications systems. It also engages in the deployment of 4G and 5G telephony networks; the deployment of fiber and the installation of charging infrastructures for electric vehicles; and building maintenance and facility management services. In addition, the company designs, builds, and maintains electrical, security, and fire protection systems for buildings; designs, installs, maintains, and repairs building-related systems for retail clients; provides installation services, including electro-technical work, heating system, air conditioning, climate control and security; and offers acoustic control, air leakage test, and infrared thermography services on the French electronuclear. Further it supplies and services systems for electrical power, gas, water, and telecommunications networks; designs, plans, and maintains fire detection, burglar alarm, and access control systems, as well as smoke and heat extraction systems; designs and delivers automated industrial equipment for material handling; installs, manages, and maintains public lighting, traffic control systems, and video surveillance; and designs, integrates, and maintains digital infrastructure. Additionally, the company engages in commissioning, prevention, maintenance, and repairing of industrial instrumentation devices. It serves businesses in the tertiary, manufacturing, and infrastructure sectors; oil and gas companies; and local and government authorities. SPIE SA is headquartered in Cergy-Pontoise, France.

Details
Name: SPIE SA
SPIW.F
Exchange: OTCPK
Founded:
€2,924,833,229
155,547,949
Website: http://www.spie.com
Address: SPIE SA
10 Avenue de l'Entreprise,
Cedex,
Cergy-Pontoise,
Ile-de-France, 95863,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA SPIE New Ordinary Shares Euronext Paris FR EUR 10. Jun 2015
OTCPK SPIW.F New Ordinary Shares Pink Sheets LLC US USD 10. Jun 2015
LSE 0R8M New Ordinary Shares London Stock Exchange GB EUR 10. Jun 2015
Number of employees
Current staff
Staff numbers
46,333
SPIE employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 00:33
End of day share price update: 2019/04/15 00:00
Last estimates confirmation: 2019/04/19
Last earnings filing: 2019/03/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.