Bedrijfsoverzicht
Spire Inc. is a regulated utility enterprise focused on the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users throughout the United States. The company operates within the Utilities sector, specifically in the Regulated Gas industry, a classification that signifies operations subject to government oversight regarding rates and service obligations. In terms of scale, Spire Inc. maintains a market capitalization of $5.58B, generates annual revenue of $2.57B, and employs a workforce of 3497 individuals. These financial metrics indicate a mid-to-large-sized regional utility player with a substantial operational footprint, evidenced by the significant revenue base required to support its extensive employee count and regulatory compliance obligations across multiple jurisdictions.
Financiële gezondheid
The company reported a trailing twelve-month revenue of $2.57B, with a corresponding net income of $270.30M and an EBITDA of $872.60M. The substantial gap between the $2.57B revenue and the $270.30M net income reveals a cost structure where approximately 88.9% of revenue is consumed by operating expenses, taxes, and interest before arriving at the bottom line, which is typical for capital-intensive utility businesses. However, the EBITDA figure of $872.60M suggests a robust operational cash generation capability before financing and non-cash items impact the bottom line. Despite positive earnings, the free cash flow stands at -$374,700,000, indicating that capital expenditures or working capital requirements currently exceed the cash generated from operations, which limits immediate financial flexibility for large-scale acquisitions. The company holds $4.10M in cash assets against a total debt load of $5.35B, resulting in a debt-to-equity ratio of 155.84, which characterizes a highly leveraged balance sheet common in utility sectors but requiring careful debt management. This leverage is further highlighted by a current ratio of 0.61, suggesting that the company's current assets are insufficient to cover its current liabilities without relying on external financing or asset sales. Regarding returns, the Return on Equity is 8.5% while the Return on Assets is 3.1%, metrics that reveal the efficiency of management in generating profit from shareholders' equity versus the total asset base.
Waarderingsbeoordeling
Valuation metrics for Spire Inc. show a P/E Ratio (TTM) of 20.65 compared to a Forward P/E of 16.70. The disparity between these figures implies that the market expects earnings growth in the future, as investors are willing to accept a lower multiple for anticipated future profitability relative to current earnings levels. The price-to-book ratio stands at 1.75, indicating that the market values the company at a premium of 75% over its net book value, reflecting confidence in its intangible assets or future cash flows beyond the balance sheet book value. Alternative valuation measures include a price-to-sales ratio of 2.17 and an EV/EBITDA of 12.79, which provide context on how the market prices revenue generation and operating profitability relative to enterprise value. Regarding price action, the stock has a 52-week high of $95.31 and a 52-week low of $69.94. Without the specific current share price provided in the available facts, the exact percentage position relative to the trading range cannot be calculated, though the beta of 0.62 indicates that the stock price typically exhibits lower volatility than the broader market, moving 38% less than the market index on average.
Growth & Income
Spire Inc. is experiencing double-digit expansion with a Revenue Growth (YoY) of 13.9% and an Earnings Growth (YoY) of 14.9%. The earnings growth rate of 14.9% is slightly faster than the revenue growth rate of 13.9%, implying that the company is successfully leveraging its scale to improve operating leverage and profitability as sales increase. As a dividend payer, the company offers a Dividend Yield of 3.5% with a Payout Ratio of 69.6%. This payout ratio indicates that the company distributes nearly 70% of its net income to shareholders, a level that requires scrutiny given the negative free cash flow and high leverage, yet it remains a significant source of income for investors. The combination of moderate beta, double-digit growth rates, and a substantial dividend yield defines the overall profile of Spire Inc. as a value-oriented utility investment with income characteristics.