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SPIE logo

SPIE SAENXTPA:SPIE Stock Report

Market Cap €7.2b
Share Price
€43.56
My Fair Value
n/a
1Y36.3%
7D3.0%
Portfolio Value
​
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SPIE SA

ENXTPA:SPIE Stock Report

Market Cap: €7.2b

SPIE (SPIE) Stock Overview

Provides multi-technical services in the areas of energy and communications in France, Germany, the Netherlands, and internationally. More details

SPIE fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance1/6
Financial Health3/6
Dividends4/6

Rewards

Trading at 46.7% below our estimate of its fair value

Earnings are forecast to grow 20.18% per year

Risk Analysis

Has a high level of debt

Large one-off items impacting financial results

Unstable dividend track record


SPIE Community Fair Values

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See what 11 others think this stock is worth. Follow their fair value or set your own to get alerts.

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SPIE

European Credit Constraints And Integration Challenges Will Impair Outcomes

Key Takeaways Weakening industrial and public infrastructure investment, along with automation trends, could threaten SPIE's revenue growth and recurring margins. Ongoing integration risks, workforce shortages, and disrupted supply chains may challenge SPIE's earnings quality and margin improvement.
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€35.69
FV
22.0% overvalued intrinsic discount
4.07%
Revenue growth p.a.
0users have liked this narrative
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2users have followed this narrative
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SPIE

Accelerated Energy Transition And Digitalization Will Transform Infrastructure

Key Takeaways SPIE's leadership in energy transition and specialty services, combined with skilled labor shortages, positions it for sustained margin expansion, pricing power, and exceptional profitability. Its rapid integration of high-value bolt-ons and focus on recurring outsourcing contracts underpin resilient cash flows, compounding growth, and the potential for superior shareholder returns.
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€62
FV
29.7% undervalued intrinsic discount
7.10%
Revenue growth p.a.
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0users have commented on this narrative
0users have followed this narrative
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SPIE

Energy Transition And Digitalization Trends Will Unlock Future Potential

Key Takeaways Expanding demand for energy transition and digitalization projects is boosting SPIE's market opportunities and supporting sustained revenue and recurring growth. Strategic acquisitions, operational discipline, and a shift to high-value services are driving margin expansion, earnings growth, and greater financial flexibility.
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€53
FV
17.8% undervalued intrinsic discount
4.47%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
3users have followed this narrative
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SPIE SA Competitors

Price History & Performance

Summary of share price highs, lows and changes for SPIE
Historical stock prices
Current Share Price€43.56
52 Week High€54.55
52 Week Low€28.84
Beta0.59
1 Month Change-7.00%
3 Month Change-17.89%
1 Year Change36.30%
3 Year Change91.39%
5 Year Change168.39%
Change since IPO149.63%

Recent News & Updates

SPIE's (EPA:SPIE) Returns On Capital Are Heading Higher

Nov 12
SPIE's (EPA:SPIE) Returns On Capital Are Heading Higher

Is There An Opportunity With SPIE SA's (EPA:SPIE) 43% Undervaluation?

Oct 28
Is There An Opportunity With SPIE SA's (EPA:SPIE) 43% Undervaluation?

Recent updates

SPIE's (EPA:SPIE) Returns On Capital Are Heading Higher

Nov 12
SPIE's (EPA:SPIE) Returns On Capital Are Heading Higher

Is There An Opportunity With SPIE SA's (EPA:SPIE) 43% Undervaluation?

Oct 28
Is There An Opportunity With SPIE SA's (EPA:SPIE) 43% Undervaluation?

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

Oct 10
Here's Why SPIE (EPA:SPIE) Can Manage Its Debt Responsibly

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

Sep 26
Is It Time To Consider Buying SPIE SA (EPA:SPIE)?

SPIE (EPA:SPIE) Has Announced A Dividend Of €0.30

Sep 08
SPIE (EPA:SPIE) Has Announced A Dividend Of €0.30

SPIE SA (EPA:SPIE) Released Earnings Last Week And Analysts Lifted Their Price Target To €49.15

Aug 03
SPIE SA (EPA:SPIE) Released Earnings Last Week And Analysts Lifted Their Price Target To €49.15

SPIE (EPA:SPIE) Is Looking To Continue Growing Its Returns On Capital

Jul 27
SPIE (EPA:SPIE) Is Looking To Continue Growing Its Returns On Capital

Investors Interested In SPIE SA's (EPA:SPIE) Earnings

Jul 13
Investors Interested In SPIE SA's (EPA:SPIE) Earnings

With EPS Growth And More, SPIE (EPA:SPIE) Makes An Interesting Case

Jun 29
With EPS Growth And More, SPIE (EPA:SPIE) Makes An Interesting Case

Are Investors Undervaluing SPIE SA (EPA:SPIE) By 34%?

Jun 17
Are Investors Undervaluing SPIE SA (EPA:SPIE) By 34%?

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

Apr 23
We Think SPIE SA's (EPA:SPIE) CEO Compensation Looks Fair

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

Apr 20
Is It Too Late To Consider Buying SPIE SA (EPA:SPIE)?

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

Apr 08
We Think SPIE (EPA:SPIE) Can Stay On Top Of Its Debt

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

Mar 27
SPIE's (EPA:SPIE) Shareholders Will Receive A Bigger Dividend Than Last Year

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

Mar 24
The Return Trends At SPIE (EPA:SPIE) Look Promising

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

Mar 12
SPIE's (EPA:SPIE) Earnings Seem To Be Promising

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

Mar 09
Earnings Tell The Story For SPIE SA (EPA:SPIE) As Its Stock Soars 27%

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

Mar 08
Is SPIE SA (EPA:SPIE) Trading At A 21% Discount?

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

Feb 08
Do SPIE's (EPA:SPIE) Earnings Warrant Your Attention?

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

Jan 08
Should You Investigate SPIE SA (EPA:SPIE) At €29.36?

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

Dec 09
The Return Trends At SPIE (EPA:SPIE) Look Promising
User avatar

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

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

Shareholder Returns

SPIEFR Commercial ServicesFR Market
7D3.0%0.4%2.2%
1Y36.3%14.7%13.5%

Return vs Industry: SPIE exceeded the French Commercial Services industry which returned 14.7% over the past year.

Return vs Market: SPIE exceeded the French Market which returned 13.5% over the past year.

Price Volatility

Is SPIE's price volatile compared to industry and market?
SPIE volatility
SPIE Average Weekly Movement3.2%
Commercial Services Industry Average Movement3.6%
Market Average Movement4.5%
10% most volatile stocks in FR Market10.2%
10% least volatile stocks in FR Market2.3%

Stable Share Price: SPIE has not had significant price volatility in the past 3 months compared to the French market.

Volatility Over Time: SPIE's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
190052,002Gauthier Louettewww.spie.com

SPIE SA provides multi-technical services in the areas of energy and communications in France, Germany, the Netherlands, and internationally. The company operates through four segments: France; Germany; North-Western Europe; Central Europe; and Global Services Energy. It provides building modelling and design, information technology maintenance, information and communications technology engineering and consulting, technical facility management, installation services, sustainable maintenance, and managed services; energy production, transmission, distribution, and storage; electrical solutions; heating ventilation air conditioning; network and telecommunications infrastructure, unified communications and collaboration, cloud and managed services, multimedia, workspaces, and telework; building information modeling and technical management, augmented reality, IoT and data management, traffic management, system for supporting the operation and information of passengers, and smart maintenance; automation, boilermaking and piping, robotics and transitics, and industrial transfer; and energy transition.

SPIE SA Fundamentals Summary

How do SPIE's earnings and revenue compare to its market cap?
SPIE fundamental statistics
Market cap€7.21b
Earnings (TTM)€203.07m
Revenue (TTM)€10.35b
36.1x
P/E Ratio
0.7x
P/S Ratio

Is SPIE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SPIE income statement (TTM)
Revenue€10.35b
Cost of Revenue€9.39b
Gross Profit€960.55m
Other Expenses€757.48m
Earnings€203.07m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

Mar 06, 2026

Earnings per share (EPS)1.21
Gross Margin9.28%
Net Profit Margin1.96%
Debt/Equity Ratio120.8%

How did SPIE perform over the long term?

See historical performance and comparison

Dividends

2.4%
Current Dividend Yield
87%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/13 19:09
End of Day Share Price 2025/11/13 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 20 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Anna PatriceBerenberg
Laurent GelebartBNP Paribas
Simona SarliBofA Global Research