Spire Z Score

SR -  USA Stock  

USD 61.47  0.27  0.44%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Additionally, take a look at Spire Piotroski F Score and Spire Valuation analysis.

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Spire Return on Invested Capital is relatively stable at the moment as compared to the past year. Spire reported last year Return on Invested Capital of 0.06. As of 09/26/2021, Invested Capital is likely to grow to about 2 B, while Capital Expenditure is likely to drop (346.2 M). Spire Operating Expenses is relatively stable at the moment as compared to the past year. Spire reported last year Operating Expenses of 123.21 Million. As of 09/26/2021, Income Tax Expense is likely to grow to about 67.5 M, while Operating Income is likely to drop slightly above 184.3 M.

Spire Z Score Analysis

Spire's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
 2018 2019 2020 2021 (projected)
Long Term Debt to Equity0.820.960.860.83
Interest Coverage2.91.962.253.26
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current Spire Z Score

    
  1.0  
Most of Spire's fundamental indicators, such as Z Score, 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.
First Factor
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1.2 * (
Working Capital
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Total Assets )
Second Factor
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1.4 * (
Retained Earnings
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Total Assets )
Thrid Factor
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3.3 * (
EBITAD
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Total Assets )
Fouth Factor
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0.6 * (
Market Value of Equity
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Total Liabilities )
Fifth Factor
 = 
0.99 * (
Revenue
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Total Assets )

Spire Z Score 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 Ford stock properly, considering its historical fundamentals such as Z Score. 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.
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

Based on the company's disclosures, Spire Inc has a Z Score of 1.0. This is 70.33% lower than that of the Utilities sector and significantly higher than that of the Utilities—Regulated Gas industry. The z score for all United States stocks is 88.53% higher than that of the company.

Spire Z Score 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 Z Score 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 z score category among related companies.

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

Spire Fundamentals

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?
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2% Bearish
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Additionally, take a look at Spire Piotroski F Score and Spire Valuation 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 Transaction History module to view history of all your transactions and understand their impact on performance.

Complementary Tools for Spire Stock analysis

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.