NYSE:SR

Stock Analysis Report

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.

Snowflake

Fundamentals

Established dividend payer and slightly overvalued.


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


Market Performance


7 Day Return

2.2%

NYSE:SR

2.6%

US Gas Utilities

2.9%

US Market


1 Year Return

8.2%

NYSE:SR

4.2%

US Gas Utilities

0.2%

US Market

SR outperformed the Gas Utilities industry which returned 3.1% over the past year.

SR outperformed the Market in United States of America which returned -0.7% over the past year.


Share holder returns

SRIndustryMarket
7 Day2.2%2.6%2.9%
30 Day-3.2%-0.6%-2.3%
90 Day-4.5%-1.5%3.1%
1 Year11.4%8.2%6.9%4.2%2.4%0.2%
3 Year35.3%23.5%32.1%22.5%41.7%32.4%
5 Year96.2%67.3%74.7%52.5%55.1%37.9%

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

Valuation

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

21.71x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Spire's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Spire's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Spire is good value based on earnings compared to the US Gas Utilities industry average.

Spire is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Spire is poor value based on expected growth next year.


Price Based on Value of Assets

Spire is good value based on assets compared to the US Gas Utilities industry average.


Next Steps

Future Growth

How is Spire expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

5.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Spire's revenue is expected to grow by 1.5% yearly, however this is not considered high growth (20% yearly).

Spire's earnings are expected to grow by 5% yearly, however this is not considered high growth (20% yearly).

Spire's revenue growth is positive but not above the United States of America market average.

Spire's earnings growth is positive but not above the United States of America market average.

Spire's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Spire is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Spire performed over the past 5 years?

15.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Spire's year on year earnings growth rate has been positive over the past 5 years.

Spire's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Spire's 1-year earnings growth is negative, it can't be compared to the US Gas Utilities industry average.


Return on Equity

Spire has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Spire used its assets less efficiently than the US Gas Utilities industry average last year based on Return on Assets.


Return on Capital Employed

Spire's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Spire's financial position?


Financial Position Analysis

Spire's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Spire's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Spire's level of debt (101.1%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (64.5% vs 101.1% today).

Debt is not well covered by operating cash flow (14.6%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 3x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.2x debt.


Next Steps

Dividend

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

3.02%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Spire before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Spire's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Spire's dividend is below the markets top 25% of dividend payers in United States of America (3.85%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.6x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.7x coverage).


Next Steps

Management

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

6.3yrs

Average management tenure


CEO

Suzanne Sitherwood (54yo)

7.5yrs

Tenure

US$4,016,839

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

Suzanne's remuneration is about average for companies of similar size in United States of America.

Suzanne's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

6.3yrs

Average Tenure

59yo

Average Age

The average tenure for the Spire management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

5.5yrs

Average Tenure

65yo

Average Age

The tenure for the Spire board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Mark Darrell (61yo)

    Senior VP

    • Tenure: 15.3yrs
    • Compensation: US$1.15m
  • Steve Rasche (59yo)

    Executive VP

    • Tenure: 5.8yrs
    • Compensation: US$1.31m
  • Suzanne Sitherwood (54yo)

    President

    • Tenure: 7.5yrs
    • Compensation: US$4.02m
  • Steve Lindsey (53yo)

    Executive VP & CEO of Distribution Operations & Gas Utilities

    • Tenure: 6.8yrs
    • Compensation: US$1.45m
  • Mike Geiselhart (60yo)

    Senior VP of Strategic Planning & Corporate Development

    • Tenure: 4.6yrs
    • Compensation: US$1.17m
  • Ryan Hyman

    Chief Information Officer & VP of Information Technology Services

    • Tenure: 5.3yrs
  • Scott Dudley

    Managing Director of Investor Relations

    • Tenure: 0.0yrs
  • Gery Gorla

    Vice President of Human Resources

    • Tenure: 0.0yrs
  • Jessica Willingham

    Vice President of Communications & Marketing

    • Tenure: 0.0yrs
  • Tim Goodson

    Vice President of Operations

    • Tenure: 0.0yrs

Board Members

  • John Stupp (69yo)

    Director

    • Tenure: 14.6yrs
    • Compensation: US$173.48k
  • Steve Schwartz (60yo)

    Director

    • Tenure: 0.8yrs
  • Mark Borer (65yo)

    Director

    • Tenure: 5.5yrs
    • Compensation: US$196.81k
  • Mary Ann Van Lokeren (71yo)

    Director

    • Tenure: 19.6yrs
    • Compensation: US$289.40k
  • Ed Glotzbach (71yo)

    Chairman of the Board

    • Tenure: 4.6yrs
    • Compensation: US$358.52k
  • Maria Fogarty (60yo)

    Director

    • Tenure: 5.0yrs
    • Compensation: US$194.60k
  • Suzanne Sitherwood (54yo)

    President

    • Tenure: 7.5yrs
    • Compensation: US$4.02m
  • Brenda Newberry (66yo)

    Director

    • Tenure: 12.6yrs
    • Compensation: US$190.86k
  • Rob Jones (60yo)

    Director

    • Tenure: 3.5yrs
    • Compensation: US$173.48k

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$4.167b
  • Shares outstanding: 50.81m
  • Website: https://www.spireenergy.com

Number of Employees


Location

  • Spire Inc.
  • 700 Market Street
  • St. Louis
  • Missouri
  • 63101
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SRNYSE (New York Stock Exchange)YesCommon StockUSUSDMar 1964
LGRDB (Deutsche Boerse AG)YesCommon StockDEEURMar 1964
SR.PRANYSE (New York Stock Exchange)5.9 DEP RP PFD AUSUSDMay 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.  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 23:38
End of Day Share Price2019/08/21 00:00
Earnings2019/06/30
Annual Earnings2018/09/30


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.