(SR) Spire - Overview
Stock: Gas Distribution, Gas Marketing, Midstream Services
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 4.14% |
| Yield on Cost 5y | 7.65% |
| Yield CAGR 5y | 4.81% |
| Payout Consistency | 74.4% |
| Payout Ratio | 101.3% |
| Risk 5d forecast | |
|---|---|
| Volatility | 18.3% |
| Relative Tail Risk | 0.86% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.09 |
| Alpha | 19.90 |
| Character TTM | |
|---|---|
| Beta | 0.171 |
| Beta Downside | 0.194 |
| Drawdowns 3y | |
|---|---|
| Max DD | 22.54% |
| CAGR/Max DD | 0.48 |
Description: SR Spire January 10, 2026
Spire Inc. (NYSE: SR) is a vertically integrated natural-gas utility that purchases, transports, stores, markets, and sells natural gas to residential, commercial, industrial and other end-users across the United States. The firm operates through three segments-Gas Utility (regulated distribution), Gas Marketing (wholesale and retail sales), and Midstream (transportation and storage)-and also runs a propane pipeline and related risk-management services. The company, formerly The Laclede Group, rebranded to Spire in 2016 and traces its origins to 1857 in St. Louis, Missouri.
Key performance indicators (KPIs) from the most recent FY2023 filing show total revenue of approximately $2.4 billion, a regulated rate base of $8.5 billion, and a dividend yield near 4.2 %. The utility’s cash-flow-to-debt ratio stood at 0.75, indicating moderate leverage for a regulated utility, while its adjusted earnings per share grew 5 % year-over-year, driven largely by rate case approvals.
Sector-wide drivers that materially affect Spire’s outlook include: (1) U.S. natural-gas consumption trends, which have risen ~2 % annually as industrial demand rebounds post-pandemic; (2) Federal and state climate policies that incentivize gas-to-electric-heat conversions, potentially expanding the customer base; and (3) Volatility in Henry Hub spot prices, which influences the profitability of the Gas Marketing segment and the timing of rate cases.
For a deeper, data-rich analysis of Spire’s valuation dynamics, you might explore the detailed metrics and scenario modeling available on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: 271.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -3.28 > 1.0 |
| NWC/Revenue: -70.30% < 20% (prev -35.97%; Δ -34.33% < -1%) |
| CFO/TA 0.05 > 3% & CFO 578.0m > Net Income 271.7m |
| Net Debt (5.23b) to EBITDA (833.7m): 6.28 < 3 |
| Current Ratio: 0.32 > 1.5 & < 3 |
| Outstanding Shares: last quarter (59.0m) vs 12m ago 2.25% < -2% |
| Gross Margin: 44.67% > 18% (prev 0.38%; Δ 4429 % > 0.5%) |
| Asset Turnover: 22.08% > 50% (prev 23.88%; Δ -1.80% > 0%) |
| Interest Coverage Ratio: 2.62 > 6 (EBITDA TTM 833.7m / Interest Expense TTM 204.1m) |
Altman Z'' -0.21
| A: -0.15 (Total Current Assets 807.7m - Total Current Liabilities 2.55b) / Total Assets 11.58b |
| B: 0.09 (Retained Earnings 1.09b / Total Assets 11.58b) |
| C: 0.05 (EBIT TTM 535.5m / Avg Total Assets 11.22b) |
| D: 0.14 (Book Value of Equity 1.17b / Total Liabilities 8.18b) |
| Altman-Z'' Score: -0.21 = B |
Beneish M -3.08
| DSRI: 1.19 (Receivables 329.4m/289.4m, Revenue 2.48b/2.59b) |
| GMI: 0.85 (GM 44.67% / 37.88%) |
| AQI: 0.98 (AQ_t 0.25 / AQ_t-1 0.26) |
| SGI: 0.96 (Revenue 2.48b / 2.59b) |
| TATA: -0.03 (NI 271.7m - CFO 578.0m) / TA 11.58b) |
| Beneish M-Score: -3.08 (Cap -4..+1) = AA |
What is the price of SR shares?
Over the past week, the price has changed by +1.88%, over one month by +5.00%, over three months by -1.99% and over the past year by +24.14%.
Is SR a buy, sell or hold?
- StrongBuy: 3
- Buy: 1
- Hold: 6
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the SR price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 94.5 | 9.8% |
| Analysts Target Price | 94.5 | 9.8% |
| ValueRay Target Price | 97.7 | 13.5% |
SR Fundamental Data Overview February 02, 2026
P/E Forward = 16.4745
P/S = 2.0162
P/B = 1.5933
P/EG = 2.4549
Revenue TTM = 2.48b USD
EBIT TTM = 535.5m USD
EBITDA TTM = 833.7m USD
Long Term Debt = 3.37b USD (from longTermDebt, last quarter)
Short Term Debt = 1.81b USD (from shortTermDebt, last quarter)
Debt = 5.24b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 5.23b USD (from netDebt column, last quarter)
Enterprise Value = 10.23b USD (4.99b + Debt 5.24b - CCE 5.70m)
Interest Coverage Ratio = 2.62 (Ebit TTM 535.5m / Interest Expense TTM 204.1m)
EV/FCF = -31.48x (Enterprise Value 10.23b / FCF TTM -324.9m)
FCF Yield = -3.18% (FCF TTM -324.9m / Enterprise Value 10.23b)
FCF Margin = -13.12% (FCF TTM -324.9m / Revenue TTM 2.48b)
Net Margin = 10.97% (Net Income TTM 271.7m / Revenue TTM 2.48b)
Gross Margin = 44.67% ((Revenue TTM 2.48b - Cost of Revenue TTM 1.37b) / Revenue TTM)
Gross Margin QoQ = 57.26% (prev 44.58%)
Tobins Q-Ratio = 0.88 (Enterprise Value 10.23b / Total Assets 11.58b)
Interest Expense / Debt = 1.12% (Interest Expense 58.8m / Debt 5.24b)
Taxrate = 18.01% (59.7m / 331.4m)
NOPAT = 439.0m (EBIT 535.5m * (1 - 18.01%))
Current Ratio = 0.32 (Total Current Assets 807.7m / Total Current Liabilities 2.55b)
Debt / Equity = 1.55 (Debt 5.24b / totalStockholderEquity, last quarter 3.39b)
Debt / EBITDA = 6.28 (Net Debt 5.23b / EBITDA 833.7m)
Debt / FCF = -16.11 (negative FCF - burning cash) (Net Debt 5.23b / FCF TTM -324.9m)
Total Stockholder Equity = 3.42b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.42% (Net Income 271.7m / Total Assets 11.58b)
RoE = 7.94% (Net Income TTM 271.7m / Total Stockholder Equity 3.42b)
RoCE = 7.88% (EBIT 535.5m / Capital Employed (Equity 3.42b + L.T.Debt 3.37b))
RoIC = 5.41% (NOPAT 439.0m / Invested Capital 8.11b)
WACC = 3.67% (E(4.99b)/V(10.23b) * Re(6.55%) + D(5.24b)/V(10.23b) * Rd(1.12%) * (1-Tc(0.18)))
Discount Rate = 6.55% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 4.92%
Fair Price DCF = unknown (Cash Flow -324.9m)
EPS Correlation: -15.52 | EPS CAGR: -34.78% | SUE: -0.70 | # QB: 0
Revenue Correlation: -13.97 | Revenue CAGR: -12.67% | SUE: -0.47 | # QB: 0
EPS next Quarter (2026-03-31): EPS=3.44 | Chg30d=-0.215 | Revisions Net=+1 | Analysts=4
EPS current Year (2026-09-30): EPS=5.18 | Chg30d=-0.173 | Revisions Net=+1 | Growth EPS=+16.7% | Growth Revenue=+10.7%
EPS next Year (2027-09-30): EPS=5.69 | Chg30d=+0.015 | Revisions Net=+1 | Growth EPS=+9.8% | Growth Revenue=+9.5%