Spire Inc Stock Beta

SR Stock

USD 58.66 0.03 0.05%

Spire Inc fundamentals help investors to digest information that contributes to Spire's financial success or failures. It also enables traders to predict the movement of Spire Stock. The fundamental analysis module provides a way to measure Spire's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Spire stock.

Short Long Term Debt Total Total Assets

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Spire Inc Company Beta Analysis

Spire's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current Spire Beta

0.52

Most of Spire's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Spire Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Spire Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Spire is extremely important. It helps to project a fair market value of Spire Stock properly, considering its historical fundamentals such as Beta. Since Spire's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Spire's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Spire's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Long Term Debt	Property Plant Equipment	Intangible Assets	Good Will	Short Term Investments	Deferred Long Term Liab	Net Tangible Assets	Long Term Debt Total	Long Term Investments	Short Long Term Debt	Capital Surpluse	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.99	0.54	0.99	0.98	0.62	0.59	0.97	0.88	0.96	0.89	0.98	0.77	0.88	0.76	-0.31	0.86	-0.15	0.9	-0.27	-0.49	0.89	0.06	0.81	-0.56	0.74
Total Stockholder Equity	0.99		0.57	0.97	0.97	0.62	0.58	0.94	0.85	0.95	0.91	0.96	0.73	0.9	0.79	-0.3	0.85	-0.13	0.89	-0.28	-0.53	0.91	0.04	0.77	-0.61	0.7
Current Deferred Revenue	0.54	0.57		0.48	0.49	0.38	0.4	0.48	0.36	0.4	0.38	0.49	0.18	0.67	0.66	-0.09	0.56	0.22	0.57	0.11	-0.56	0.33	-0.2	0.17	-0.3	0.13
Net Debt	0.99	0.97	0.48		0.97	0.56	0.54	0.97	0.88	0.96	0.86	1.0	0.79	0.86	0.73	-0.32	0.83	-0.17	0.88	-0.25	-0.45	0.86	0.09	0.84	-0.52	0.8
Retained Earnings	0.98	0.97	0.49	0.97		0.58	0.55	0.94	0.87	0.95	0.89	0.96	0.81	0.8	0.66	-0.26	0.78	-0.19	0.85	-0.31	-0.42	0.91	0.05	0.84	-0.58	0.79
Accounts Payable	0.62	0.62	0.38	0.56	0.58		0.95	0.57	0.78	0.65	0.62	0.52	0.45	0.59	0.67	-0.19	0.68	-0.06	0.75	-0.23	-0.34	0.65	0.27	0.51	-0.44	0.06
Net Receivables	0.59	0.58	0.4	0.54	0.55	0.95		0.57	0.8	0.57	0.53	0.51	0.48	0.53	0.61	-0.17	0.67	-0.11	0.75	-0.17	-0.33	0.58	0.14	0.5	-0.22	0.05
Total Liab	0.97	0.94	0.48	0.97	0.94	0.57	0.57		0.88	0.92	0.82	0.97	0.81	0.81	0.69	-0.29	0.84	-0.21	0.88	-0.23	-0.42	0.82	0.12	0.83	-0.48	0.76
Total Current Assets	0.88	0.85	0.36	0.88	0.87	0.78	0.8	0.88		0.87	0.73	0.87	0.81	0.69	0.59	-0.2	0.75	-0.18	0.84	-0.18	-0.28	0.76	0.16	0.8	-0.34	0.59
Short Term Debt	0.96	0.95	0.4	0.96	0.95	0.65	0.57	0.92	0.87		0.9	0.93	0.75	0.83	0.71	-0.37	0.8	-0.24	0.85	-0.37	-0.45	0.89	0.16	0.83	-0.63	0.73
Common Stock	0.89	0.91	0.38	0.86	0.89	0.62	0.53	0.82	0.73	0.9		0.83	0.58	0.83	0.75	-0.37	0.79	-0.14	0.79	-0.49	-0.54	0.94	0.07	0.68	-0.64	0.59
Long Term Debt	0.98	0.96	0.49	1.0	0.96	0.52	0.51	0.97	0.87	0.93	0.83		0.79	0.85	0.71	-0.3	0.83	-0.15	0.87	-0.2	-0.43	0.84	0.06	0.83	-0.47	0.81
Property Plant Equipment	0.77	0.73	0.18	0.79	0.81	0.45	0.48	0.81	0.81	0.75	0.58	0.79		0.46	0.31	-0.11	0.51	-0.26	0.66	-0.02	0.04	0.68	0.1	0.85	-0.38	0.79
Intangible Assets	0.88	0.9	0.67	0.86	0.8	0.59	0.53	0.81	0.69	0.83	0.83	0.85	0.46		0.94	-0.42	0.84	-0.01	0.84	-0.22	-0.72	0.75	0.07	0.52	-0.49	0.46
Good Will	0.76	0.79	0.66	0.73	0.66	0.67	0.61	0.69	0.59	0.71	0.75	0.71	0.31	0.94		-0.41	0.88	0.04	0.86	-0.22	-0.72	0.71	0.18	0.47	-0.45	0.27
Short Term Investments	-0.31	-0.3	-0.09	-0.32	-0.26	-0.19	-0.17	-0.29	-0.2	-0.37	-0.37	-0.3	-0.11	-0.42	-0.41		-0.25	0.12	-0.36	0.16	0.4	-0.33	-0.05	-0.21	0.22	-0.16
Deferred Long Term Liab	0.86	0.85	0.56	0.83	0.78	0.68	0.67	0.84	0.75	0.8	0.79	0.83	0.51	0.84	0.88	-0.25		-0.22	0.94	-0.41	-0.64	0.8	0.17	0.72	-0.4	0.49
Net Tangible Assets	-0.15	-0.13	0.22	-0.17	-0.19	-0.06	-0.11	-0.21	-0.18	-0.24	-0.14	-0.15	-0.26	-0.01	0.04	0.12	-0.22		-0.08	0.73	0.35	-0.17	-0.1	-0.28	0.04	-0.24
Long Term Debt Total	0.9	0.89	0.57	0.88	0.85	0.75	0.75	0.88	0.84	0.85	0.79	0.87	0.66	0.84	0.86	-0.36	0.94	-0.08		-0.2	-0.48	0.85	0.19	0.81	-0.47	0.54
Long Term Investments	-0.27	-0.28	0.11	-0.25	-0.31	-0.23	-0.17	-0.23	-0.18	-0.37	-0.49	-0.2	-0.02	-0.22	-0.22	0.16	-0.41	0.73	-0.2		0.59	-0.44	-0.08	-0.25	0.3	-0.16
Short Long Term Debt	-0.49	-0.53	-0.56	-0.45	-0.42	-0.34	-0.33	-0.42	-0.28	-0.45	-0.54	-0.43	0.04	-0.72	-0.72	0.4	-0.64	0.35	-0.48	0.59		-0.41	0.01	-0.1	0.25	-0.07
Capital Surpluse	0.89	0.91	0.33	0.86	0.91	0.65	0.58	0.82	0.76	0.89	0.94	0.84	0.68	0.75	0.71	-0.33	0.8	-0.17	0.85	-0.44	-0.41		0.08	0.83	-0.7	0.65
Cash And Equivalents	0.06	0.04	-0.2	0.09	0.05	0.27	0.14	0.12	0.16	0.16	0.07	0.06	0.1	0.07	0.18	-0.05	0.17	-0.1	0.19	-0.08	0.01	0.08		0.19	-0.02	0.06
Net Invested Capital	0.81	0.77	0.17	0.84	0.84	0.51	0.5	0.83	0.8	0.83	0.68	0.83	0.85	0.52	0.47	-0.21	0.72	-0.28	0.81	-0.25	-0.1	0.83	0.19		-0.46	0.82
Net Working Capital	-0.56	-0.61	-0.3	-0.52	-0.58	-0.44	-0.22	-0.48	-0.34	-0.63	-0.64	-0.47	-0.38	-0.49	-0.45	0.22	-0.4	0.04	-0.47	0.3	0.25	-0.7	-0.02	-0.46		-0.36
Capital Stock	0.74	0.7	0.13	0.8	0.79	0.06	0.05	0.76	0.59	0.73	0.59	0.81	0.79	0.46	0.27	-0.16	0.49	-0.24	0.54	-0.16	-0.07	0.65	0.06	0.82	-0.36

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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict Spire

In accordance with the recently published financial statements, Spire Inc has a Beta of 0.523. This is 16.22% higher than that of the Gas Utilities sector and significantly higher than that of the Utilities industry. The beta for all United States stocks is notably lower than that of the firm.

Spire Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Spire's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Spire could also be used in its relative valuation, which is a method of valuing Spire by comparing valuation metrics of similar companies.

Spire is currently under evaluation in beta category among related companies.

Spire Institutional Holders

Institutional Holdings refers to the ownership stake in Spire that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Spire's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Spire's value.

		Shares
Bank Of New York Mellon Corp	2023-12-31	776.3 K
Duff & Phelps Inv Mgmt Co (il)	2023-12-31	776.3 K
Vaughan Nelson Scarbrgh & Mccullough Lp	2023-12-31	772 K
Franklin Resources Inc	2023-12-31	735.2 K
Northern Trust Corp	2023-12-31	720.6 K
Amvescap Plc.	2023-12-31	705.4 K
Charles Schwab Investment Management Inc	2023-12-31	677.3 K
Proshare Advisors Llc	2023-12-31	666.1 K
Victory Capital Management Inc.	2023-12-31	627.5 K
Blackrock Inc	2023-12-31	6.8 M
American Century Companies Inc	2023-12-31	6.2 M

As returns on the market increase, Spire's returns are expected to increase less than the market. However, during the bear market, the loss of holding Spire is expected to be smaller as well.

Spire Fundamentals

	Return On Equity	0.0716
	Return On Asset	0.0248
	Profit Margin	0.08 %
	Operating Margin	0.19 %
	Current Valuation	8.21 B
	Shares Outstanding	54.98 M
	Shares Owned By Insiders	2.86 %
	Shares Owned By Institutions	89.95 %
	Number Of Shares Shorted	1.43 M
	Price To Earning	18.90 X
	Price To Book	1.15 X
	Price To Sales	1.24 X
	Revenue	2.67 B
	Gross Profit	887.9 M
	EBITDA	696.8 M
	Net Income	217.5 M
	Cash And Equivalents	6.5 M
	Cash Per Share	0.12 X
	Total Debt	4.67 B
	Debt To Equity	1.55 %
	Current Ratio	0.68 X
	Book Value Per Share	51.09 X
	Cash Flow From Operations	440.2 M
	Short Ratio	3.68 X
	Earnings Per Share	3.71 X
	Price To Earnings To Growth	2.40 X
	Target Price	64.17
	Number Of Employees	3.59 K
	Beta	0.52
	Market Capitalization	3.23 B
	Total Asset	10.31 B
	Retained Earnings	958 M
	Working Capital	(678.5 M)
	Current Asset	287.89 M
	Current Liabilities	366.28 M
	Annual Yield	0.05 %
	Five Year Return	3.42 %
	Net Asset	10.31 B
	Last Dividend Paid	2.92

About Spire Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Spire Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Spire using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Spire Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Spire Investors Sentiment

The influence of Spire's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Spire. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Spire's public news can be used to forecast risks associated with an investment in Spire. The trend in average sentiment can be used to explain how an investor holding Spire can time the market purely based on public headlines and social activities around Spire Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Spire's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Spire's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Spire's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Spire.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Spire in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Spire's short interest history, or implied volatility extrapolated from Spire options trading.

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When determining whether Spire Inc is a strong investment it is important to analyze Spire's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Spire's future performance. For an informed investment choice regarding Spire Stock, refer to the following important reports:

How To Invest In Spire

Details

Is Spire Stock a good investment?

Details

What is Spire's Net Worth?

Details

Largest Gas Utilities Companies

View

Largest Utilities - Regulated Gas Companies

View

Check out Spire Piotroski F Score and Spire Altman Z Score analysis.

You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Complementary Tools for Spire Stock analysis

When running Spire's price analysis, check to measure Spire's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Spire is operating at the current time. Most of Spire's value examination focuses on studying past and present price action to predict the probability of Spire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spire's price. Additionally, you may evaluate how the addition of Spire to your portfolios can decrease your overall portfolio volatility.

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Is Spire's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Spire. If investors know Spire will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Spire listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.09)

Dividend Share

2.915

Earnings Share

3.71

Revenue Per Share

49.434

Quarterly Revenue Growth

(0.07)

The market value of Spire Inc is measured differently than its book value, which is the value of Spire that is recorded on the company's balance sheet. Investors also form their own opinion of Spire's value that differs from its market value or its book value, called intrinsic value, which is Spire's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Spire's market value can be influenced by many factors that don't directly affect Spire's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Spire's value and its price as these two are different measures arrived at by different means. Investors typically determine if Spire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spire's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Spire Inc Stock Beta

Spire Inc Company Beta Analysis

Beta

Covariance

Variance

Current Spire Beta

Spire Beta Driver Correlations

Spire Beta Peer Comparison

Spire Institutional Holders

Spire Fundamentals

About Spire Fundamental Analysis

Spire Investors Sentiment

Currently Active Assets on Macroaxis

Complementary Tools for Spire Stock analysis

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