Spire Piotroski F Score

SR -  USA Stock  

USD 61.47  0.27  0.44%

This module uses fundamental data of Spire to approximate its Piotroski F score. Spire F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Spire Inc. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Spire financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Additionally, take a look at Spire Altman Z Score, Spire Correlation, Spire Valuation, as well as analyze Spire Alpha and Beta and Spire Hype Analysis.

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Spire Total Debt is relatively stable at the moment as compared to the past year. Spire reported last year Total Debt of 2.22 Billion. As of 09/26/2021, Debt Current is likely to grow to about 2.4 B, while Long Term Debt to Equity is likely to drop 0.83. Spire Cash and Equivalents Turnover is relatively stable at the moment as compared to the past year. Spire reported last year Cash and Equivalents Turnover of 336.42. As of 09/26/2021, Return on Investment is likely to grow to 7.33, while Inventory Turnover is likely to drop 5.72.
At this time, it appears that Spire's Piotroski F Score is Strong. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
7.0
Piotroski F Score - Strong
1
Current Return On Assets
Positive
2
Change in Return on Assets
Increased
3
Cash Flow Return on Assets
Positive
4
Current Quality of Earnings (accrual)
Decreasing
5
Asset Turnover Growth
Increase
6
Current Ratio Change
Increase
7
Long Term Debt Over Assets Change
Higher Leverage
8
Change In Outstending Shares
Decrease
9
Change in Gross Margin
Increase

Spire Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Spire is to make sure Spire is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Spire's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Spire's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares40.1 M46.1 M
Fairly Down
Increasing
Slightly volatile
Weighted Average Shares Diluted40.2 M46.2 M
Fairly Down
Increasing
Slightly volatile
Net Cash Flow from Operations337.6 M422.9 M
Significantly Down
Increasing
Slightly volatile
Total AssetsB7.4 B
Significantly Down
Increasing
Slightly volatile
Total Liabilities4.1 B5.1 B
Significantly Down
Increasing
Slightly volatile
Current Assets505.5 M531.5 M
Notably Down
Increasing
Slightly volatile
Current LiabilitiesB1.3 B
Significantly Down
Increasing
Slightly volatile
Total Debt2.4 B2.2 B
Significantly Up
Increasing
Slightly volatile
Return on Average Assets1.321.28
Sufficiently Up
Decreasing
Slightly volatile
Gross Margin36.6534.23
Notably Up
Decreasing
Stable
Asset Turnover0.410.27
Way Up
Decreasing
Slightly volatile

Spire Inc F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Spire's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Spire in a much-optimized way.

About Spire Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Operating Margin

10.42Share
Spire Operating Margin is relatively stable at the moment as compared to the past year. Spire reported last year Operating Margin of 10.01

Spire Current Valuation Drivers

We derive many important indicators used in calculating different scores of Spire from analyzing Spire's financial statements. These drivers represent accounts that assess Spire's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Spire's important valuation drivers and their relationship over time.
201620172018201920202021 (projected)
Net Income Per Employee49.28 K63.64 K52.21 K24.66 K22.19 K28.37 K
Revenue Per Employee530.86 K583.78 K552.15 K516.42 K593.88 K676.93 K
Earnings Before Interest Taxes and Depreciation Amortization EBITDA482.4 M454.5 M505.2 M403.8 M363.42 M326.28 M

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 Inc., through 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 was formerly known as The Laclede Group, Inc. and changed its name to Spire Inc. in April 2016. Spire operates under UtilitiesRegulated Gas classification in the United States and is traded on New York Stock Exchange. It employs 3583 people.

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 markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - SR

Spire Inc Investor Sentiment

Larger part of Macroaxis users are at this time bullish on Spire Inc. What is your outlook on investing in Spire Inc? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Additionally, take a look at Spire Altman Z Score, Spire Correlation, Spire Valuation, as well as analyze Spire Alpha and Beta and Spire Hype Analysis. Note that the Spire Inc information on this page should be used as a complementary analysis to other Spire's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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When running Spire Inc 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 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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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 Inc underlying business (such as 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 Spire value 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.