SR - NYSE

Spire Inc.

Spire Inc.

SRยทNYSE

$81.10

-1.8%
UtilitiesRegulated Gas

Spire Inc., together with 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 operates in two segments, Gas Utility and Gas Marketing. It is also involved in the marketing of natural gas. In addition, the company engages in the transportation of propane through its propane pipeline; compression of natural gas; risk management; and other activities. Further, it provides physical natural gas storage services. The company was formerly known as The Laclede Group, Inc. and changed its name to Spire Inc. in April 2016. Spire Inc. was founded in 1857 and is based in St. Louis, Missouri.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$4.79B
EPS4.3900
P/E Ratio18.47
Earnings Date08/04/2026
Spire Inc.

Spire Inc. Fair Value Envelope

SR ยท NYSE

Our analysis suggests that SR has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $81.1, this represents a potential HIDDEN relative to our calculated worth for Spire Inc..

HIDDEN
Intrinsic Value
Current Price: $81.1

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

$
%
$
%
$
$

Projection Settings

Forecast period and terminal assumptions

%
%

DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$342.1M
+ Cash & Equivalents$5.7M
Firm Value$347.8M
- Debt$5.2B
Equity Value-$4.9B
/ Shares Outstanding59,038,100B
DCF Value-$83
OVERVALUED BY 202%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$289.0M
$144.5M
$72.3M
$36.1M
$18.1M
$9.0M
$4.5M
$2.3M
$1.1M
$564.5K
Maintenance CapEx
-$92.2M
-$46.1M
-$23.1M
-$11.5M
-$5.8M
-$2.9M
-$1.4M
-$720.6K
-$360.3K
-$180.2K
Owner Earnings
$196.8M
$98.4M
$49.2M
$24.6M
$12.3M
$6.1M
$3.1M
$1.5M
$768.6K
$384.3K
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$182.2M
$84.3M
$39.0M
$18.1M
$8.4M
$3.9M
$1.8M
$830.5K
$384.5K
$178.0K
Terminal Value represents 0.9% of Enterprise Value

Related Guides

Blog Categories

Continue your SR research with focused valuation guides.

DCF Modeling

Improve assumptions for intrinsic value accuracy.

Forecasting

Calibrate growth paths and terminal value behavior.

WACC

Refine discount-rate logic for valuation quality.

Cost of Capital

Match risk profile to expected return assumptions.

Research Paths

Pick your next lens
1

Snapshot

Start with context, operating signals, and key market metrics.

2

Value Model

Stress test fair value across bear, base, and bull assumptions.

3

Statements

Validate revenue quality, margins, and balance sheet durability.

4

Earnings Call

Read management commentary and compare it with reported outcomes.

5

Dividends

Check payout sustainability and long-term distribution behavior.

6

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.