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Spire ROE %

: 0.22% (As of Jun. 2021)
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ROE % is calculated as Net Income attributable to Common Stockholders (Net Income minus dividends to participating security holders) divided by its average Total Stockholders Equity over a certain period of time. Spire's annualized net income attributable to common stockholders for the quarter that ended in Jun. 2021 was $6 Mil. Spire's average Total Stockholders Equity over the quarter that ended in Jun. 2021 was $2,714 Mil. Therefore, Spire's annualized ROE % for the quarter that ended in Jun. 2021 was 0.22%.

The historical rank and industry rank for Spire's ROE % or its related term are showing as below:

NYSE:SR' s ROE % Range Over the Past 10 Years
Min: 2.91   Med: 8.61   Max: 11.51
Current: 9.42

2.91
11.51

During the past 13 years, Spire's highest ROE % was 11.51%. The lowest was 2.91%. And the median was 8.61%.

NYSE:SR's ROE % is ranked higher than
56% of the 126 Companies
in the Utilities - Regulated industry.

( Industry Median: 9.87 vs. NYSE:SR: 9.42 )

Spire ROE % Historical Data

The historical data trend for Spire's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Spire Annual Data
Trend Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20
ROE %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.63 8.58 10.06 7.46 2.91

Spire Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
ROE % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -14.69 -3.67 13.33 27.59 0.22

Competitive Comparison

For the Utilities - Regulated Gas subindustry, Spire's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Spire ROE % Distribution

For the Utilities - Regulated industry and Utilities sector, Spire's ROE % distribution charts can be found below:

* The bar in red indicates where Spire's ROE % falls into.



Spire ROE % Calculation

Spire's annualized ROE % for the fiscal year that ended in Sep. 2020 is calculated as

ROE %=Net Income attributable to Common Stockholders (A: Sep. 2020 )/( (Total Stockholders Equity (A: Sep. 2019 )+Total Stockholders Equity (A: Sep. 2020 ))/ count )
=73.7/( (2543+2522.3)/ 2 )
=73.7/2532.65
=2.91 %

Spire's annualized ROE % for the quarter that ended in Jun. 2021 is calculated as

ROE %=Net Income attributable to Common Stockholders (Q: Jun. 2021 )/( (Total Stockholders Equity (Q: Mar. 2021 )+Total Stockholders Equity (Q: Jun. 2021 ))/ count )
=6/( (2731.3+2697.1)/ 2 )
=6/2714.2
=0.22 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income attributable to common stockholders of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income attributable to common stockholders data used here is four times the quarterly (Jun. 2021) net income attributable to common stockholders data. ROE % is displayed in the 30-year financial page.


Spire  (NYSE:SR) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %**(Q: Jun. 2021 )
=Net Income/Total Stockholders Equity
=21.2/2714.2
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(21.2 / 1311.2)*(1311.2 / 8915.05)*(8915.05 / 2714.2)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.62 %*0.1471*3.2846
=ROA %*Equity Multiplier
=0.24 %*3.2846
=0.78 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %**(Q: Jun. 2021 )
=Net Income/Total Stockholders Equity
=21.2/2714.2
=(Net Income /Pre-Tax Income) * (Pre-Tax Income/Operating Income) * (Operating Income/Revenue) * (Revenue/Total Assets) * (Total Assets/Total Stockholders Equity)
= (21.2 / 21.2) * (21.2 / 132.8) * (132.8 / 1311.2) * (1311.2 / 8915.05) * (8915.05 / 2714.2)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 0.1596 * 10.13 % * 0.1471 * 3.2846
=0.78 %

Note: The net income attributable to common stockholders data used here is four times the quarterly (Jun. 2021) net income attributable to common stockholders data. The Revenue data used here is four times the quarterly (Jun. 2021) revenue data. The same rule applies to Pre-Tax Income and Operating Income.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.


Be Aware

Net income attributable to common stockholders is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Spire ROE % Related Terms

Thank you for viewing the detailed overview of Spire's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Spire Business Description

Spire logo
Industry
Utilities » Utilities - Regulated NAICS : 221210 SIC : 4924
Traded in Other Exchanges
Address
700 Market Street, Saint Louis, MO, USA, 63101
Spire Inc is a public utility holding company with two key business segments: Gas Utility and Gas Marketing. The Gas Utility segment includes the regulated operations of Laclede Gas, Alabama Gas Corporation (Alagasco), and EnergySouth Inc. The Utilities businesses operations include the purchase, retail, distribution, and sale of natural gas in Missouri, Alabama, and Mississippi. The Gas Utility segment generates a majority of the company's revenue but is subject to seasonal fluctuations. The Gas Marketing segment includes Laclede Energy Resources, Inc, whose operations include the marketing of natural gas and related activities on a non-regulated basis.
Executives
Hampton Joseph B. officer: President, AL & MS 700 MARKET STREET ST. LOUIS MO 63101
Woodard Adam W. officer: Treasurer 700 MARKET STREET ST. LOUIS MO 63101
Rasche Steven P officer: Executive Vice President 12442 CINEMA LANE SAINT LOUIS MO 63127
Van Lokeren Mary Ann director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: VAN LOKEREN MARY ANN a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Fogarty Maria V. director 720 OLIVE ST. LOUIS MO 63101
Jones Rob L. director 555 EAST AIRTEX DRIVE HOUSTON TX 77073
Borer Mark A director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: BORER MARK A a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Glotzbach Edward L director C/O VISUAL NETWORKS INC 2092 GAITHER ROAD ROCKVILLE MD 20850
Newberry Brenda D director 720 OLIVE STREET ST. LOUIS MO 63101
Schwartz Stephen S director 46897 BAYSIDE PARKWAY FREMONT CA 94538
Stupp John P Jr director STUPP JOHN P JR 120 SOUTH CENTRAL AVE STE 1650 ST LOUIS MO 63105
Carter Scott B. officer: SVP, COO of Distribution Ops 700 MARKET STREET ST. LOUIS MO 63101
Sitherwood Suzanne director, officer: President & CEO 700 MARKET STREET SAINT LOUIS MO 63101
Darrell Mark C officer: Senior Vice President 720 OLIVE STREET SAINT LOUIS MO 63101
Geiselhart Michael C officer: Senior Vice President 720 OLIVE STREET SAINT LOUIS MO 63101

Spire Headlines

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