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. More Details
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Average dividend payer and slightly overvalued.
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's share price has been volatile over the past 3 months.
7 Day Return
US Gas Utilities
1 Year Return
US Gas Utilities
Return vs Industry: SR underperformed the US Gas Utilities industry which returned -26.4% over the past year.
Return vs Market: SR underperformed the US Market which returned 17.2% over the past year.
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
6 days ago | Simply Wall StBased On Its ROE, Is Spire Inc. (NYSE:SR) A High Quality Stock?
2 weeks ago | Simply Wall StHow Does Spire Inc. (NYSE:SR) Fare As A Dividend Stock?
3 weeks ago | Simply Wall StThese 4 Measures Indicate That Spire (NYSE:SR) Is Using Debt In A Risky Way
Is Spire undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SR ($53.2) is trading below our estimate of fair value ($56.32)
Significantly Below Fair Value: SR is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: SR is poor value based on its PE Ratio (46x) compared to the US Gas Utilities industry average (18.2x).
PE vs Market: SR is poor value based on its PE Ratio (46x) compared to the US market (17.9x).
Price to Earnings Growth Ratio
PEG Ratio: SR is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: SR is good value based on its PB Ratio (1.2x) compared to the US Gas Utilities industry average (1.6x).
How is Spire forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SR's forecast earnings growth (21.7% per year) is above the savings rate (2.2%).
Earnings vs Market: SR's earnings (21.7% per year) are forecast to grow slower than the US market (22.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SR's revenue (3.8% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: SR's revenue (3.8% 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 (9.2%).
How has Spire performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SR has a large one-off loss of $148.6M impacting its June 30 2020 financial results.
Growing Profit Margin: SR's current net profit margins (3.2%) are lower than last year (9.7%).
Past Earnings Growth Analysis
Earnings Trend: SR's earnings have grown by 3.3% per year over the past 5 years.
Accelerating Growth: SR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SR had negative earnings growth (-69%) over the past year, making it difficult to compare to the Gas Utilities industry average (11.6%).
Return on Equity
High ROE: SR's Return on Equity (2.9%) is considered low.
How is Spire's financial position?
Financial Position Analysis
Short Term Liabilities: SR's short term assets ($559.3M) do not cover its short term liabilities ($1.1B).
Long Term Liabilities: SR's short term assets ($559.3M) do not cover its long term liabilities ($4.2B).
Debt to Equity History and Analysis
Debt Level: SR's debt to equity ratio (115.7%) is considered high.
Reducing Debt: SR's debt to equity ratio has reduced from 126.3% to 115.7% over the past 5 years.
Debt Coverage: SR's debt is not well covered by operating cash flow (15.7%).
Interest Coverage: SR's interest payments on its debt are well covered by EBIT (3x coverage).
What is Spire current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SR's dividend (4.68%) is higher than the bottom 25% of dividend payers in the US market (1.72%).
High Dividend: SR's dividend (4.68%) is low compared to the top 25% of dividend payers in the US market (4.89%).
Stability and Growth of Payments
Stable Dividend: SR's dividends per share have been stable in the past 10 years.
Growing Dividend: SR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (212.6%), SR's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SR's dividends in 3 years are forecast to be covered by earnings (64% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Suzanne Sitherwood (59 yo)
Ms. Suzanne Sitherwood has been the Chief Executive Officer of Spire Inc. (formerly, The Laclede Group, Inc.) since February 1, 2012 and has been its President since September 1, 2011. With more than 36 ye ...
CEO Compensation Analysis
Compensation vs Market: Suzanne's total compensation ($USD4.52M) is about average for companies of similar size in the US market ($USD5.74M).
Compensation vs Earnings: Suzanne's compensation has been consistent with company performance over the past year.
|Executive VP||6.92yrs||US$1.40m||0.066% |
|Executive VP & COO||0.67yr||US$1.63m||0.082% |
|Senior VP and Chief Legal & Compliance Officer||16.33yrs||US$1.25m||0.11% |
|Senior VP and Chief Strategy & Corporate Development Officer||5.67yrs||US$1.27m||0.052% |
|Chief Information Officer & VP of Information Technology Services||6.42yrs||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||0.92yr||no data||no data|
|VP of Governance & Standards and Corporate Secretary||no data||no data||no data|
|President of Spire Alabama||1.75yrs||no data||0.014% |
Experienced Management: SR's management team is seasoned and experienced (6 years average tenure).
|Independent Director||15.67yrs||US$212.44k||0.033% |
|Independent Director||1.83yrs||US$212.44k||0.0029% |
|Independent Director||6.5yrs||US$238.04k||0.021% |
|Independent Director||20.67yrs||US$326.35k||0.054% |
|Independent Chairman of the Board||5.67yrs||US$410.74k||0.055% |
|Independent Director||6.08yrs||US$233.56k||0.022% |
|Independent Director||13.67yrs||US$229.69k||0.043% |
|Independent Director||4.5yrs||US$222.44k||0.014% |
Experienced Board: SR's board of directors are considered experienced (6.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Spire Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Spire Inc.
- Ticker: SR
- Exchange: NYSE
- Founded: 1857
- Industry: Gas Utilities
- Sector: Utilities
- Market Cap: US$2.739b
- Shares outstanding: 51.48m
- Website: https://www.spireenergy.com
Number of Employees
- Spire Inc.
- 700 Market Street
- St. Louis
- United States
|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|
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. ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/30 23:47|
|End of Day Share Price||2020/09/30 00:00|
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.