SR Valuation

Spire Inc

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76.040

+0.34(0.449%)1D

Overview
Forecast
Valuation
Earnings

SR Relative Valuation

SR's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, SR is overvalued; if below, it's undervalued.

Historical Valuation

Spire Inc (SR) is now in the Fair zone, suggesting that its current forward PE ratio of 16.04 is considered Fairly compared with the five-year average of 15.96. The fair price of Spire Inc (SR) is between 70.87 to 86.10 according to relative valuation methord.

Relative Value

Fair Zone

70.87-86.10

Current Price：76.04

Fair

16.04

Trailing

Forward

10.49

EV/EBITDA

Spire Inc. (SR) has a current EV/EBITDA of 10.49. The 5-year average EV/EBITDA is 11.31. The thresholds are as follows: Strongly Undervalued below 8.83, Undervalued between 8.83 and 10.07, Fairly Valued between 12.55 and 10.07, Overvalued between 12.55 and 13.79, and Strongly Overvalued above 13.79. The current Forward EV/EBITDA of 10.49 falls within the Historic Trend Line -Fairly Valued range.

16.88

EV/EBIT

Spire Inc. (SR) has a current EV/EBIT of 16.88. The 5-year average EV/EBIT is 17.83. The thresholds are as follows: Strongly Undervalued below 14.11, Undervalued between 14.11 and 15.97, Fairly Valued between 19.68 and 15.97, Overvalued between 19.68 and 21.54, and Strongly Overvalued above 21.54. The current Forward EV/EBIT of 16.88 falls within the Historic Trend Line -Fairly Valued range.

1.62

Spire Inc. (SR) has a current PS of 1.62. The 5-year average PS is 1.48. The thresholds are as follows: Strongly Undervalued below 1.03, Undervalued between 1.03 and 1.25, Fairly Valued between 1.71 and 1.25, Overvalued between 1.71 and 1.93, and Strongly Overvalued above 1.93. The current Forward PS of 1.62 falls within the Historic Trend Line -Fairly Valued range.

6.85

P/OCF

Spire Inc. (SR) has a current P/OCF of 6.85. The 5-year average P/OCF is 7.77. The thresholds are as follows: Strongly Undervalued below 5.00, Undervalued between 5.00 and 6.38, Fairly Valued between 9.16 and 6.38, Overvalued between 9.16 and 10.55, and Strongly Overvalued above 10.55. The current Forward P/OCF of 6.85 falls within the Historic Trend Line -Fairly Valued range.

51.44

P/FCF

Spire Inc. (SR) has a current P/FCF of 51.44. The 5-year average P/FCF is 65.07. The thresholds are as follows: Strongly Undervalued below -728.19, Undervalued between -728.19 and -331.56, Fairly Valued between 461.70 and -331.56, Overvalued between 461.70 and 858.33, and Strongly Overvalued above 858.33. The current Forward P/FCF of 51.44 falls within the Historic Trend Line -Fairly Valued range.

Spire Inc (SR) has a current Price-to-Book (P/B) ratio of 1.39. Compared to its 3-year average P/B ratio of 1.28 , the current P/B ratio is approximately 8.25% higher. Relative to its 5-year average P/B ratio of 1.34, the current P/B ratio is about 3.36% higher. Spire Inc (SR) has a Forward Free Cash Flow (FCF) yield of approximately -5.88%. Compared to its 3-year average FCF yield of -5.36%, the current FCF yield is approximately 9.53% lower. Relative to its 5-year average FCF yield of -7.02% , the current FCF yield is about -16.28% lower.

1.39

P/B

Median3y

1.28

Median5y

1.34

-5.88

FCF Yield

Median3y

-5.36

Median5y

-7.02

Competitors Valuation Multiple

The average P/S ratio for SR's competitors is 1.70, providing a benchmark for relative valuation. Spire Inc Corp (SR) exhibits a P/S ratio of 1.62, which is -4.91% above the industry average. Given its robust revenue growth of 1.88%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

New Jersey Resources Corp

MDU Resources Group Inc

Southwest Gas Holdings Inc

1.08

-5.23%

5.65B

Performance Decomposition

Market capitalization of SR increased by 15.26% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 4.36 to 16.39.

The secondary factor is the Revenue Growth, contributed 1.88%to the performance.

Overall, the performance of SR in the past 1 year is driven by P/E Change. Which is more unsustainable.

1.88%

414.10M → 421.90M

Revenue Growth

-262.83%

-3.04 → 4.95

Margin Expansion

276.21%

4.36 → 16.39

P/E Change

15.26%