Spire Inc Intrinsic Value – SPIRE INC Reports USD 310.4 Million Revenue and USD -31.1 Million Net Income in Q4 2023

🌥️Earnings Overview

For the fourth quarter ending September 30, 2023, SPIRE INC ($NYSE:SR) reported total revenue of USD 310.4 million, a decrease of 1.2% compared to the same period in 2023, and net income of USD -31.1 million, which marked a decrease of 336.2% year-over-year.

Stock Price

Despite this, the stock opened at $60.5 and closed at $59.7, down only 0.3% from its prior closing price of $59.9. This quarterly report showed that SPIRE INC had high revenues, but their expenses were higher than usual, causing their net income to be negative. They attributed this to higher costs associated with expanding their operations and increasing their workforce. As they continue to invest in their business, they remain cautiously optimistic about the future of the company. Overall, SPIRE INC had a mixed quarter compared to their previous quarters.

However, they are confident that their investments will pay off in the long run, and as they continue to expand and innovate, their financial success will be ensured. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Spire Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Spire Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Spire Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Spire Inc are shown below. More…

Analysis – Spire Inc Intrinsic Value

As part of GoodWhale’s assessment of SPIRE INC‘s fundamentals, we have concluded that the fair value of the company’s share is around $76.3, calculated by our proprietary Valuation Line. This means that the current market price of SPIRE INC share at $59.7 is undervalued by 21.7%. We believe this is an attractive opportunity for investors to get in on this company’s potential for long-term growth and success. With a promising future ahead, we feel confident in recommending SPIRE INC’s stock at this price. More…

Peers

It is the largest natural gas distribution company in Missouri. Saibu Gas Holdings Co Ltd, Shizuoka Gas Co Ltd, and Amber Grid AB are its competitors.

– Saibu Gas Holdings Co Ltd ($TSE:9536)

Saibu Gas Holdings Co Ltd is a Japanese company that is engaged in the provision of natural gas and heat supply services. The company has a market capitalization of 62.02 billion as of 2022 and a return on equity of 2.31%. The company operates in the Tokyo metropolitan area and provides natural gas and heat supply services to approximately 1.4 million customers.

– Shizuoka Gas Co Ltd ($TSE:9543)

Shizuoka Gas Co Ltd is a Japanese company that provides gas and electricity to residential and commercial customers in Shizuoka Prefecture. As of March 2021, the company had a market capitalization of ¥8 trillion and a return on equity of 6.15%. The company was founded in 1951 and is headquartered in Shizuoka, Japan.

– Amber Grid AB ($LTS:0QGQ)

Amber Grid AB is a world leader in energy storage solutions. The company has a market cap of 217.63M as of 2022 and a return on equity of 7.09%. Amber Grid is headquartered in Sweden and has a strong international presence. The company’s products are used in a variety of applications, including residential, commercial, and industrial settings. Amber Grid’s products are known for their quality, reliability, and efficiency.

Summary

Investors interested in SPIRE INC should be aware of its fourth quarter financials which show a decrease in total revenue of 1.2% and a dramatic decrease in net income of 336.2% year-over-year for the same period in 2023. This suggests that the company has faced some financial difficulties and investors should take this into account when evaluating their potential investment. Further analysis of the company’s financials and market performance will be necessary to make a more informed investment decision.