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31.68 (1y: +10%)
Market Cap 20.97 B P/E(ttm) 22.10
Enterprise Value 35.23 B P/B 2.36
SE- NYSE (USA)
Spectra Energy Corp
  • Currently 1/5
Business Predictability Rank: 1-Star (On Watch)
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$31.68
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 3/10

vs
industry		 vs
history
Cash to Debt 0.007
SE's Cash to Debt is ranked lower than
76% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.04 vs. SE: 0.007 )
SE' s 10-Year Cash to Debt Range
Min: 0.01   Max: No Debt
Current: 0.01
Equity to Asset 0.146
SE's Equity to Asset is ranked higher than
57% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.01 vs. SE: 0.146 )
SE' s 10-Year Equity to Asset Range
Min: 0.1   Max: 0.23
Current: 0.15
0.1
0.23
Interest Coverage 2.5
SE's Interest Coverage is ranked lower than
61% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.80 vs. SE: 2.5 )
SE' s 10-Year Interest Coverage Range
Min: 2   Max: No Debt
Current: 2.5
F-Score: 5
Z-Score: 0.8
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry		 vs
history
Operating margin (%) 31.00
SE's Operating margin (%) is ranked higher than
78% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 12.90 vs. SE: 31.00 )
SE' s 10-Year Operating margin (%) Range
Min: -2.8   Max: 33.9
Current: 31
-2.8
33.9
Net-margin (%) 18.5
SE's Net-margin (%) is ranked higher than
72% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 7.45 vs. SE: 18.5 )
SE' s 10-Year Net-margin (%) Range
Min: -5.9   Max: 27.4
Current: 18.5
-5.9
27.4
ROE (%) 10.5
SE's ROE (%) is ranked higher than
61% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 8.80 vs. SE: 10.5 )
SE' s 10-Year ROE (%) Range
Min: -9.5   Max: 22.1
Current: 10.5
-9.5
22.1
ROA (%) 3.1
SE's ROA (%) is ranked lower than
56% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.00 vs. SE: 3.1 )
SE' s 10-Year ROA (%) Range
Min: -2.4   Max: 6.1
Current: 3.1
-2.4
6.1
ROC (Joel Greenblatt) (%) 7.90
SE's ROC (Joel Greenblatt) (%) is ranked lower than
56% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 9.20 vs. SE: 7.90 )
SE' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -1.8   Max: 12.2
Current: 7.9
-1.8
12.2
Revenue Growth (%) 2.3
SE's Revenue Growth (%) is ranked higher than
69% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -2.20 vs. SE: 2.3 )
SE' s 10-Year Revenue Growth (%) Range
Min: -37.1   Max: 16.1
Current: 2.3
-37.1
16.1
EBITDA Growth (%) 2.5
SE's EBITDA Growth (%) is ranked higher than
70% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.85 vs. SE: 2.5 )
SE' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 19.3
Current: 2.5
0
19.3
EPS Growth (%) 2
SE's EPS Growth (%) is ranked lower than
83% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 0.35 vs. SE: 2 )
SE' s 10-Year EPS Growth (%) Range
Min: -96.8   Max: 11.4
Current: 2
-96.8
11.4
ยป SE's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

SE Guru Trades in Q2 2012

Jim Simons 1,718,120 sh (New)
Paul Tudor Jones 8,700 sh (New)
Steven Cohen 36,731 sh (+5.84%)
Meridian Funds 16,400 sh (unchged)
Jeff Auxier Sold Out
Jeremy Grantham 144,400 sh (-0.41%)
James Barrow 36,334,839 sh (-1.05%)
Mario Gabelli 217,736 sh (-2.86%)
Brian Rogers 3,217,000 sh (-12.27%)
Pioneer Investments 603,869 sh (-12.94%)
Chris Davis 11,150 sh (-18.32%)
» More
Q3 2012

SE Guru Trades in Q3 2012

Meridian Funds 16,400 sh (unchged)
Jeremy Grantham 144,400 sh (unchged)
Brian Rogers 3,217,000 sh (unchged)
Chris Davis 11,150 sh (unchged)
Steven Cohen Sold Out
Jim Simons Sold Out
Paul Tudor Jones Sold Out
James Barrow 36,036,414 sh (-0.82%)
Pioneer Investments 576,802 sh (-4.48%)
Mario Gabelli 151,464 sh (-30.44%)
Signature Select Canadian Fund 93,100 sh (-70.16%)
» More
Q4 2012

SE Guru Trades in Q4 2012

Steven Cohen 10,820 sh (New)
Chris Davis 21,250 sh (+90.58%)
Pioneer Investments 579,931 sh (+0.54%)
Meridian Funds 16,400 sh (unchged)
Mario Gabelli 150,299 sh (-0.77%)
Brian Rogers 3,117,000 sh (-3.11%)
James Barrow 30,710,195 sh (-14.78%)
» More
Q1 2013

SE Guru Trades in Q1 2013

Jim Simons 1,239,300 sh (New)
Steven Cohen 14,944 sh (+38.11%)
Pioneer Investments 581,236 sh (+0.23%)
Chris Davis 21,250 sh (unchged)
Meridian Funds 16,400 sh (unchged)
Brian Rogers Sold Out
Mario Gabelli 133,319 sh (-11.3%)
James Barrow 12,581,631 sh (-59.03%)
» More
» Details

Insider Trades

Latest Guru Trades with SE

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
James Barrow 2013-03-31 Reduce -59.03%1%$27 - $30.75 $ 31.6811%12581631
Brian Rogers 2013-03-31 Sold Out 0.37%$27 - $30.75 $ 31.6811%0
Chris Davis 2012-12-31 Add 90.58%$26.74 - $30.16 $ 31.6812%21250
Mario Gabelli 2012-09-30 Reduce -30.44%0.01%$28.26 - $30.85 $ 31.688%151464
Mario Gabelli 2011-03-31 Reduce -88.74%0.39%$24.72 - $27.27 $ 31.6822%240385
Mario Gabelli 2010-09-30 Add 614.21%0.17%$20.18 - $22.51 $ 31.6848%2106715
George Soros 2010-09-30 Sold Out 0.01%$20.18 - $22.51 $ 31.6848%0
Dodge & Cox 2010-09-30 Sold Out $20.18 - $22.51 $ 31.6848%0
Mario Gabelli 2010-06-30 Reduce -86.37%0.03%$19.2 - $23.74 $ 31.6846%294973
George Soros 2010-06-30 New Buy0.01%$19.2 - $23.74 $ 31.6846%9986
Meridian Funds 2010-03-31 New Buy0.02%$20.51 - $23.03 $ 31.6846%17900
Chris Davis 2010-03-31 New Buy$20.51 - $23.03 $ 31.6846%22500
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/E(ttm) 22.10
SE's P/E(ttm) is ranked higher than
76% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 24.20 vs. SE: 22.10 )
SE' s 10-Year P/E(ttm) Range
Min: 6.78   Max: 22.11
Current: 22.1
6.78
22.11
P/B 2.36
SE's P/B is ranked lower than
54% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.10 vs. SE: 2.36 )
SE' s 10-Year P/B Range
Min: 1.22   Max: 5.95
Current: 2.36
1.22
5.95
P/S 4.09
SE's P/S is ranked lower than
70% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.87 vs. SE: 4.09 )
SE' s 10-Year P/S Range
Min: 1.48   Max: 22.71
Current: 4.09
1.48
22.71
PFCF 75.20
SE's PFCF is ranked lower than
81% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 46.30 vs. SE: 75.20 )
SE' s 10-Year PFCF Range
Min: 16.08   Max: 901
Current: 75.2
16.08
901
EV-to-EBIT 22.55
SE's EV-to-EBIT is ranked lower than
52% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 16.10 vs. SE: 22.55 )
SE' s 10-Year EV-to-EBIT Range
Min: 11.1   Max: 41.1
Current: 22.55
11.1
41.1
PEG 6.14
SE's PEG is ranked higher than
74% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.55 vs. SE: 6.14 )
SE' s 10-Year PEG Range
Min: 0.45   Max: 5.74
Current: 6.14
0.45
5.74
Shiller P/E 18.48
SE's Shiller P/E is ranked higher than
83% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 15.10 vs. SE: 18.48 )
SE' s 10-Year Shiller P/E Range
Min: 16.15   Max: 18.53
Current: 18.48
16.15
18.53

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 3.77
SE's Dividend Yield is ranked lower than
65% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.57 vs. SE: 3.77 )
SE' s 10-Year Dividend Yield Range
Min: 0.81   Max: 8.46
Current: 3.77
0.81
8.46
Dividend Payout 0.9
SE's Dividend Payout is ranked higher than
80% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.16 vs. SE: 0.9 )
SE' s 10-Year Dividend Payout Range
Min: 0.53   Max: 0.8
Current: 0.9
0.53
0.8
Dividend growth (3y) 3.4
SE's Dividend growth (3y) is ranked higher than
56% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 4.20 vs. SE: 3.4 )
SE' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 3.4
Current: 3.4
0
3.4
Yield on cost (5-Year) 4.67
SE's Yield on cost (5-Year) is ranked lower than
63% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 6.27 vs. SE: 4.67 )
SE' s 10-Year Yield on cost (5-Year) Range
Min: 1   Max: 10.39
Current: 4.67
1
10.39
Share Buyback Rate -0.5
SE's Share Buyback Rate is ranked higher than
87% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -7.95 vs. SE: -0.5 )
SE' s 10-Year Share Buyback Rate Range
Min: 13.8   Max: -81.5
Current: -0.5

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 25
SE's Price/Net Current Asset Value is ranked higher than
61% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 23.20 vs. SE: 25 )
SE' s 10-Year Price/Net Current Asset Value Range
Min: 13.8   Max: 42
Current: 25
13.8
42
Price/Tangible Book 4.7
SE's Price/Tangible Book is ranked higher than
85% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 3.10 vs. SE: 4.7 )
SE' s 10-Year Price/Tangible Book Range
Min: 4   Max: 15.2
Current: 4.7
4
15.2
Price/DCF (Projected) 2.2
SE's Price/DCF (Projected) is ranked higher than
74% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.85 vs. SE: 2.2 )
SE' s 10-Year Price/DCF (Projected) Range
Min: 0.9   Max: 3.3
Current: 2.2
0.9
3.3
Price/Median PS Value 1.2
SE's Price/Median PS Value is ranked higher than
50% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 1.10 vs. SE: 1.2 )
SE' s 10-Year Price/Median PS Value Range
Min: 0.6   Max: 2.1
Current: 1.2
0.6
2.1
Price/Graham Number 2.1
SE's Price/Graham Number is ranked higher than
80% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 2.05 vs. SE: 2.1 )
SE' s 10-Year Price/Graham Number Range
Min: 1.3   Max: 4.8
Current: 2.1
1.3
4.8
Earnings Yield (Greenblatt) 4.40
SE's Earnings Yield (Greenblatt) is ranked higher than
65% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 5.15 vs. SE: 4.40 )
SE' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.4   Max: 9
Current: 4.4
2.4
9
Forward Rate of Return (Yacktman) 5.33
SE's Forward Rate of Return (Yacktman) is ranked higher than
72% of the 54 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: -2.87 vs. SE: 5.33 )
SE' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -12.5   Max: 30.5
Current: 5.33
-12.5
30.5

Business Description

Spectra Energy Corp. was incorporated on July 28, 2006 as a Delaware corporation. It through its subsidiaries and equity affiliates owns and operates a portfolio of complementary natural gas-related energy assets and is one of North America's natural gas infrastructure companies. For close to a century, Spectra Energy and its predecessor companies have developed critically pipelines and related energy infrastructure connecting natural gas supply sources to premium markets. Spectra Energy operates in three key areas of the natural gas industry: transmission and storage, distribution, and gathering and processing. Based in Houston, Texas, it provides transportation and storage of natural gas to customers in regions of the Eastern and Southeastern United States, the Maritime Provinces in Canada and the Pacific Northwest in the United States and Canada, and in the province of Ontario in Canada. Spectra Energy also provides natural gas sales and distribution service to retail customers in Ontario, and natural gas gathering and processing services to customers in Western Canada. Duke Energy contributed the natural gas businesses, comprised of the Natural Gas Transmission and Field Services business segments of Duke Energy that were owned through Duke Energy's then wholly owned subsidiary, Spectra Energy Capital, LLC. Subsequent to the reorganization and spin-off of Spectra Energy from Duke Energy, Spectra Energy manages its business in four reportable segments: U.S. Transmission, Distribution, Western Canada Transmission & Processing, and Field Services. Spectra Energy's U.S. Transmission transportation and storage businesses compete with facilities that serve its supply and market areas in the transportation and storage of natural gas. The elements of competition are rates, terms of service, and flexibility and reliability of service. The natural gas that Spectra Energy transports in its transmission business competes with other forms of energy available to its customers and end-users, including electricity, coal, propane and fuel oils. In general, Spectra Energy's U.S. Transmission pipelines provide transportation and storage services to local distribution companies, electric power generators, exploration and production companies, and industrial and commercial customers, as well as energy marketers. Spectra Energy also provides interruptible transportation and storage services where customers can use capacity if it is available at the time of the request. Spectra Energy provides distribution services in Canada through its subsidiary, Union Gas Limited. Union Gas owns pipeline, storage and compression facilities used in the transportation, storage and distribution of natural gas. Spectra Energy purchases manufactured equipment and materials for use in operations and expansion projects. The main equipment and materials utilized in operations and project execution processes are steel pipe, compression engines, valves, fittings, polyethy
Company Website
SEC Reports
Industry: Oil & Gas Midstream
Compare:WES, ENB, ETE, KMP, PAA
Traded in other countries:N4D.Germany
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