Market Cap
US$3.7b
Last Updated
2020/03/28 01:21 UTC
Data Sources
Company Financials +
Executive Summary
Spire Inc., through its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States.
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer with acceptable track record.
Similar Companies
Share Price & News
How has Spire's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SR has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
14.9%
SR
10.8%
US Gas Utilities
10.5%
US Market
1 Year Return
-11.3%
SR
-24.6%
US Gas Utilities
-11.5%
US Market
Return vs Industry: SR exceeded the US Gas Utilities industry which returned -24.6% over the past year.
Return vs Market: SR matched the US Market which returned -11.5% over the past year.
Shareholder returns
| SR | Industry | Market | |
|---|---|---|---|
| 7 Day | 14.9% | 10.8% | 10.5% |
| 30 Day | -8.5% | -12.5% | -15.4% |
| 90 Day | -11.8% | -20.0% | -21.4% |
| 1 Year | -8.6%-11.3% | -22.5%-24.6% | -9.6%-11.5% |
| 3 Year | 18.3%8.1% | -5.8%-12.8% | 12.6%5.4% |
| 5 Year | 64.0%40.5% | 32.6%15.9% | 32.8%18.1% |
Price Volatility Vs. Market
How volatile is Spire's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
Calculating The Fair Value Of Spire Inc. (NYSE:SR)2 weeks ago | Simply Wall St
Trade Alert: Adam Woodard At Spire Inc. (NYSE:SR), Has Just Spent US$103k Buying Shares3 weeks ago | Simply Wall St
What Kind Of Shareholder Appears On The Spire Inc.'s (NYSE:SR) Shareholder Register?Valuation
Is Spire undervalued compared to its fair value and its price relative to the market?
21.18x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SR ($72.97) is trading above our estimate of fair value ($59.62)
Significantly Below Fair Value: SR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SR is poor value based on its PE Ratio (21.2x) compared to the Gas Utilities industry average (20.8x).
PE vs Market: SR is poor value based on its PE Ratio (21.2x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: SR is poor value based on its PEG Ratio (2.6x)
Price to Book Ratio
PB vs Industry: SR is good value based on its PB Ratio (1.6x) compared to the US Gas Utilities industry average (1.7x).
Next Steps
Future Growth
How is Spire forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
8.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SR's forecast earnings growth (8.2% per year) is above the savings rate (1.7%).
Earnings vs Market: SR's earnings (8.2% per year) are forecast to grow slower than the US market (12.3% per year).
High Growth Earnings: SR's earnings are forecast to grow, but not significantly.
Revenue vs Market: SR's revenue (1.6% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: SR's revenue (1.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SR's Return on Equity is forecast to be low in 3 years time (7.8%).
Next Steps
Past Performance
How has Spire performed over the past 5 years?
10.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SR has high quality earnings.
Growing Profit Margin: SR's current net profit margins (9.1%) are higher than last year (8.2%).
Past Earnings Growth Analysis
Earnings Trend: SR's earnings have grown by 10.8% per year over the past 5 years.
Accelerating Growth: SR's earnings growth over the past year (5.9%) is below its 5-year average (10.8% per year).
Earnings vs Industry: SR earnings growth over the past year (5.9%) underperformed the Gas Utilities industry 8%.
Return on Equity
High ROE: SR's Return on Equity (7.1%) is considered low.
Next Steps
Financial Health
How is Spire's financial position?
Financial Position Analysis
Short Term Liabilities: SR's short term assets ($776.4M) do not cover its short term liabilities ($1.3B).
Long Term Liabilities: SR's short term assets ($776.4M) do not cover its long term liabilities ($4.1B).
Debt to Equity History and Analysis
Debt Level: SR's debt to equity ratio (117.9%) is considered high.
Reducing Debt: SR's debt to equity ratio has reduced from 146.4% to 117.9% over the past 5 years.
Debt Coverage: SR's debt is not well covered by operating cash flow (14.6%).
Interest Coverage: SR's interest payments on its debt are not well covered by EBIT (2.9x coverage).
Balance Sheet
Inventory Level: SR has a high level of physical assets or inventory.
Debt Coverage by Assets: SR's debt is not covered by short term assets (assets are 0.3x debt).
Next Steps
Dividend
What is Spire's current dividend yield, its reliability and sustainability?
3.41%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SR's dividend (3.41%) is higher than the bottom 25% of dividend payers in the US market (1.98%).
High Dividend: SR's dividend (3.41%) is low compared to the top 25% of dividend payers in the US market (5.45%).
Stability and Growth of Payments
Stable Dividend: SR's dividends per share have been stable in the past 10 years.
Growing Dividend: SR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (69.7%), SR's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SR's dividends in 3 years are forecast to be covered by earnings (60.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.9yrs
Average management tenure
CEO
Suzanne Sitherwood (58yo)
8.08s
Tenure
US$4,515,589
Compensation
Ms. Suzanne Sitherwood has been the Chief Executive Officer of Spire Inc. (formerly, The Laclede Group, Inc.) since February 1, 2012 and has been its President since September 1, 2011. With more than 36 ye ...
CEO Compensation Analysis
Compensation vs Market: Suzanne's total compensation ($USD4.52M) is about average for companies of similar size in the US market ($USD5.51M).
Compensation vs Earnings: Suzanne's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8.08yrs | US$4.52m | 0.24% $8.9m | |
| Executive VP | 6.42yrs | US$1.40m | 0.066% $2.5m | |
| Executive VP & COO | 0.17yr | US$1.63m | 0.083% $3.1m | |
| Senior VP and Chief Legal & Compliance Officer | 15.83yrs | US$1.25m | 0.11% $4.1m | |
| Senior VP and Chief Strategy & Corporate Development Officer | 5.17yrs | US$1.27m | 0.052% $2.0m | |
| Chief Information Officer & VP of Information Technology Services | 5.92yrs | no data | no data | |
| Managing Director of Investor Relations | no data | no data | no data | |
| Vice President of Communications & Marketing | no data | no data | no data | |
| Vice President of Human Resources | no data | no data | no data | |
| President of Spire Storage & Spire STL Pipeline | 0.42yr | no data | no data |
5.9yrs
Average Tenure
59yo
Average Age
Experienced Management: SR's management team is seasoned and experienced (5.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8.08yrs | US$4.52m | 0.24% $8.9m | |
| Independent Director | 15.17yrs | US$212.44k | 0.034% $1.3m | |
| Independent Director | 1.33yrs | US$212.44k | 0.0029% $107.3k | |
| Independent Director | 6.08yrs | US$238.04k | 0.021% $794.8k | |
| Independent Director | 20.17yrs | US$326.35k | 0.054% $2.0m | |
| Independent Chairman of the Board | 5.17yrs | US$410.74k | 0.055% $2.0m | |
| Independent Director | 5.58yrs | US$233.56k | 0.022% $819.0k | |
| Independent Director | 13.17yrs | US$229.69k | 0.043% $1.6m | |
| Independent Director | 4.08yrs | US$222.44k | 0.015% $541.9k |
6.1yrs
Average Tenure
65yo
Average Age
Experienced Board: SR's board of directors are considered experienced (6.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SR insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.2%.
Top Shareholders
Company Information
Spire Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Spire Inc.
- Ticker: SR
- Exchange: NYSE
- Founded: 1857
- Industry: Gas Utilities
- Sector: Utilities
- Market Cap: US$3.724b
- Shares outstanding: 51.07m
- Website: https://www.spireenergy.com
Number of Employees
Location
- Spire Inc.
- 700 Market Street
- St. Louis
- Missouri
- 63101
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SR | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Mar 1964 |
| LGR | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Mar 1964 |
| SR.PRA | NYSE (New York Stock Exchange) | 5.9 DEP RP PFD A | US | USD | May 2019 |
Biography
Spire Inc., through its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States. The company operates in two segments, Gas Utility and Gas Marketing. It is also involved in marketing natural gas; and provision of energy services on non-regulated basis to on-system utility transportation customers, as well as to retail and wholesale customers. In addition, the company engages in the transportation of propane through its propane pipeline; compression of natural gas; risk management; and other activities. Further, it provides physical natural gas storage services. The company was formerly known as The Laclede Group, Inc. and changed its name to Spire Inc. in April 2016. Spire Inc. was founded in 1857 and is based in St. Louis, Missouri.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/28 01:21 |
| End of Day Share Price | 2020/03/27 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/09/30 |
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.