SR

Spire Inc.

Fundamental data last updated:August 20, 2026

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company profile

SECTOR

Utilities

industry

Regulated Gas

Exchange

NYSE

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

Spire Inc., together with 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. The company operates in two segments, Gas Utility and Gas Marketing. It is also involved in the marketing of natural gas. In addition, the company engages in the transportation of propane through its propane pipeline; compression of natural gas; risk management; and other activities. Further, it provides physical natural gas storage services. The company was formerly known as The Laclede Group, Inc. and changed its name to Spire Inc. in April 2016. Spire Inc. was founded in 1857 and is based in St. Louis, Missouri.

 


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VALUATION

P/E

13.78

Market Cap ($M USD)

$4.95B

Forward P/E

11.96

PEG

0.79

PRICE TO SALES

1.95

PRICE TO BOOK

1.44

EV / EBITDA

14.65

5-Year Average P/E

Free Cash Flow Yield

-4.11%

DCF Value

$-148.13

Graham Number

$88.97

Price to FCF

-24.35

EV to FCF

-63.28

Earnings Yield

7.26%

FCF Yield

-4.11%

DIVIDEND

Yield

3.85%

Annual Payout

$3.22

Payout Ratio

56.68%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$6.07

Next Year EPS Growth Estimate

$7.00

Next Year Revenue Growth Estimate

$3.72B

Return on Equity (ROE)

10.45%

FREE CASH FLOW

Operating Margin

21.50%

Debt-to-Equity

1.55

Piotroski F-Score

5

Altman Z-Score

0.59

Return on Invested Capital (ROIC)

4.64%

Current Ratio

0.55

Quick Ratio

0.48

Net Debt to EBITDA

9.01

Interest Coverage

2.36

Gross Profit margin

39.17%

FCF PER SHARE

$-3.44

REVENUE PER SHARE

$43.02

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Gainseekers Quantitative Analysis

Summary

SR Spire Inc. presents a perplexing valuation scenario. Despite a Forward P/E of 12.21, suggesting potential undervaluation, the market seems to overlook its DCF value, which is deeply negative. The Graham Number indicates a higher intrinsic value than its snapshot price, hinting at a possible mispricing. However, the Altman Z-score of 0.59 raises red flags about financial distress, while the Earnings Yield of 7.09% suggests moderate returns. This juxtaposition of metrics paints a picture of a company with potential growth but significant financial risks.

AI Exposure / Tech Reliance

Operating in the regulated gas industry, SR Spire Inc. is somewhat insulated from rapid AI and tech disruptions. However, its ability to integrate smart grid technologies could enhance operational efficiency. The company's focus on infrastructure over innovation limits its direct exposure to tech shifts.

The Bull Case

For the value-driven investor, SR Spire Inc. offers compelling reasons to buy. The company boasts a robust operating margin of 21.5%, indicating strong pricing power. With a Piotroski F-Score of 5, it shows moderate financial health, while the ROIC of 4.64% reflects decent capital efficiency. Despite a negative FCF Yield, its consistent dividend payout and stable earnings growth suggest resilience and potential for long-term gains.

The Bear Case

Yet, the bear case cannot be ignored. SR Spire Inc. struggles with a negative FCF Yield and an alarming EV to FCF ratio, indicating poor cash flow management. The Price to Book ratio of 1.48 might seem reasonable, but the company's high Debt to Equity ratio of 1.55 signals leverage concerns. Additionally, trading close to its 52-week high, the stock appears technically overextended, raising caution for potential investors.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$96.20

Institutional Ownership %

1-Year Beta

0.58

Insider Buying % (6 Mo)

Distance to 52-Week High

13.91%

Distance to 52-Week Low

14.86%

EARNINGS SURPRISE %

1.08%

50-DAY SMA

$89.83

200-DAY SMA

$85.34

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.