Spire Free Cash Flow vs Stock Based Compensation Analysis

SR Stock

USD 73.11 0.51 0.70%

Spire financial indicator trend analysis is much more than just breaking down Spire Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spire Inc is a good investment. Please check the relationship between Spire Free Cash Flow and its Stock Based Compensation accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spire Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Free Cash Flow vs Stock Based Compensation

Free Cash Flow vs Stock Based Compensation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spire Inc Free Cash Flow account and Stock Based Compensation. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Spire's Free Cash Flow and Stock Based Compensation is -0.34. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Stock Based Compensation in the same time period over historical financial statements of Spire Inc, assuming nothing else is changed. The correlation between historical values of Spire's Free Cash Flow and Stock Based Compensation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Spire Inc are associated (or correlated) with its Stock Based Compensation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Stock Based Compensation has no effect on the direction of Free Cash Flow i.e., Spire's Free Cash Flow and Stock Based Compensation go up and down completely randomly.

Correlation Coefficient

-0.34

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Stock Based Compensation

Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.

Most indicators from Spire's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spire Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spire Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

At this time, Spire's Selling General Administrative is relatively stable compared to the past year. As of 11/28/2024, Tax Provision is likely to grow to about 35.2 M, while Enterprise Value is likely to drop slightly above 551.1 M.

	2021	2022	2023	2024 (projected)
Gross Profit	825M	887.9M	2.1B	2.2B
Total Revenue	2.2B	2.7B	2.6B	1.4B

Gross Profit Total Revenue

Spire fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Common Stock Shares Outstanding		0.74	0.76	0.89	0.78	0.75	0.67	0.62	0.76	0.67	0.72	-0.49	0.73	0.16	-0.49	0.67	0.98	0.64	0.69	0.66	0.37	0.67	0.32	0.69	0.75	0.6
Total Assets	0.74		0.62	0.7	0.95	0.99	0.99	0.52	0.62	0.97	0.64	-0.5	1.0	0.64	-0.5	0.62	0.75	0.45	0.67	0.69	0.34	0.96	0.66	0.69	0.94	0.31
Short Long Term Debt Total	0.76	0.62		0.65	0.73	0.59	0.52	0.51	1.0	0.53	0.77	-0.39	0.58	0.01	-0.39	0.74	0.71	0.91	0.74	0.81	0.29	0.59	0.05	0.81	0.69	0.6
Other Current Liab	0.89	0.7	0.65		0.73	0.71	0.62	0.54	0.65	0.59	0.64	-0.6	0.7	0.08	-0.6	0.61	0.88	0.57	0.59	0.5	0.44	0.66	0.26	0.57	0.65	0.62
Total Current Liabilities	0.78	0.95	0.73	0.73		0.94	0.92	0.47	0.73	0.92	0.81	-0.56	0.93	0.47	-0.56	0.74	0.76	0.53	0.76	0.78	0.4	0.91	0.47	0.79	0.98	0.48
Total Stockholder Equity	0.75	0.99	0.59	0.71	0.94		0.98	0.54	0.59	0.98	0.61	-0.49	0.99	0.62	-0.49	0.58	0.76	0.4	0.63	0.63	0.32	0.94	0.69	0.63	0.93	0.34
Property Plant And Equipment Net	0.67	0.99	0.52	0.62	0.92	0.98		0.44	0.52	0.98	0.55	-0.48	0.99	0.74	-0.48	0.53	0.69	0.33	0.6	0.64	0.32	0.95	0.75	0.61	0.93	0.2
Current Deferred Revenue	0.62	0.52	0.51	0.54	0.47	0.54	0.44		0.5	0.46	0.39	-0.01	0.52	0.05	-0.01	0.4	0.66	0.46	0.47	0.18	0.1	0.46	0.26	0.35	0.4	0.34
Net Debt	0.76	0.62	1.0	0.65	0.73	0.59	0.52	0.5		0.53	0.77	-0.4	0.58	0.01	-0.4	0.74	0.71	0.91	0.74	0.81	0.3	0.59	0.05	0.81	0.69	0.6
Retained Earnings	0.67	0.97	0.53	0.59	0.92	0.98	0.98	0.46	0.53		0.6	-0.43	0.97	0.72	-0.43	0.58	0.68	0.34	0.59	0.66	0.3	0.93	0.69	0.64	0.92	0.26
Accounts Payable	0.72	0.64	0.77	0.64	0.81	0.61	0.55	0.39	0.77	0.6		-0.31	0.58	-0.03	-0.31	0.95	0.69	0.66	0.87	0.82	0.2	0.59	-0.1	0.93	0.73	0.71
Cash	-0.49	-0.5	-0.39	-0.6	-0.56	-0.49	-0.48	-0.01	-0.4	-0.43	-0.31		-0.51	-0.25	1.0	-0.25	-0.4	-0.21	-0.16	-0.39	-0.88	-0.45	-0.31	-0.26	-0.58	-0.41
Non Current Assets Total	0.73	1.0	0.58	0.7	0.93	0.99	0.99	0.52	0.58	0.97	0.58	-0.51		0.67	-0.51	0.57	0.74	0.4	0.62	0.64	0.35	0.96	0.71	0.63	0.93	0.29
Non Currrent Assets Other	0.16	0.64	0.01	0.08	0.47	0.62	0.74	0.05	0.01	0.72	-0.03	-0.25	0.67		-0.25	0.01	0.18	-0.11	0.12	0.31	0.21	0.66	0.86	0.16	0.56	-0.41
Cash And Short Term Investments	-0.49	-0.5	-0.39	-0.6	-0.56	-0.49	-0.48	-0.01	-0.4	-0.43	-0.31	1.0	-0.51	-0.25		-0.25	-0.4	-0.21	-0.16	-0.39	-0.88	-0.45	-0.31	-0.26	-0.58	-0.41
Net Receivables	0.67	0.62	0.74	0.61	0.74	0.58	0.53	0.4	0.74	0.58	0.95	-0.25	0.57	0.01	-0.25		0.64	0.68	0.88	0.83	0.18	0.61	-0.15	0.96	0.65	0.6
Common Stock Total Equity	0.98	0.75	0.71	0.88	0.76	0.76	0.69	0.66	0.71	0.68	0.69	-0.4	0.74	0.18	-0.4	0.64		0.59	0.73	0.61	0.27	0.68	0.36	0.67	0.72	0.54
Non Current Liabilities Total	0.64	0.45	0.91	0.57	0.53	0.4	0.33	0.46	0.91	0.34	0.66	-0.21	0.4	-0.11	-0.21	0.68	0.59		0.66	0.73	0.17	0.51	-0.11	0.73	0.47	0.51
Inventory	0.69	0.67	0.74	0.59	0.76	0.63	0.6	0.47	0.74	0.59	0.87	-0.16	0.62	0.12	-0.16	0.88	0.73	0.66		0.8	0.1	0.67	0.04	0.93	0.7	0.37
Other Current Assets	0.66	0.69	0.81	0.5	0.78	0.63	0.64	0.18	0.81	0.66	0.82	-0.39	0.64	0.31	-0.39	0.83	0.61	0.73	0.8		0.28	0.7	0.11	0.94	0.78	0.41
Other Stockholder Equity	0.37	0.34	0.29	0.44	0.4	0.32	0.32	0.1	0.3	0.3	0.2	-0.88	0.35	0.21	-0.88	0.18	0.27	0.17	0.1	0.28		0.32	0.2	0.18	0.42	0.26
Total Liab	0.67	0.96	0.59	0.66	0.91	0.94	0.95	0.46	0.59	0.93	0.59	-0.45	0.96	0.66	-0.45	0.61	0.68	0.51	0.67	0.7	0.32		0.62	0.69	0.89	0.22
Property Plant And Equipment Gross	0.32	0.66	0.05	0.26	0.47	0.69	0.75	0.26	0.05	0.69	-0.1	-0.31	0.71	0.86	-0.31	-0.15	0.36	-0.11	0.04	0.11	0.2	0.62		-0.02	0.55	-0.25
Total Current Assets	0.69	0.69	0.81	0.57	0.79	0.63	0.61	0.35	0.81	0.64	0.93	-0.26	0.63	0.16	-0.26	0.96	0.67	0.73	0.93	0.94	0.18	0.69	-0.02		0.74	0.48
Short Term Debt	0.75	0.94	0.69	0.65	0.98	0.93	0.93	0.4	0.69	0.92	0.73	-0.58	0.93	0.56	-0.58	0.65	0.72	0.47	0.7	0.78	0.42	0.89	0.55	0.74		0.4
Common Stock	0.6	0.31	0.6	0.62	0.48	0.34	0.2	0.34	0.6	0.26	0.71	-0.41	0.29	-0.41	-0.41	0.6	0.54	0.51	0.37	0.41	0.26	0.22	-0.25	0.48	0.4

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Spire Account Relationship Matchups

Spire fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	51.3M	51.7M	52.1M	52.6M	56.3M	29.6M
Total Assets	8.2B	9.4B	10.1B	10.3B	10.9B	11.4B
Short Long Term Debt Total	3.1B	3.7B	4.3B	4.7B	989M	1.4B
Other Current Liab	350.2M	330.8M	280.5M	237.5M	324.1M	177.2M
Total Current Liabilities	1.4B	1.6B	2.4B	1.8B	1.7B	1.8B
Total Stockholder Equity	2.5B	2.7B	2.8B	2.9B	3.2B	3.4B
Property Plant And Equipment Net	4.7B	5.1B	5.9B	6.5B	7.2B	7.6B
Current Deferred Revenue	75.9M	61M	46.9M	48.6M	48.4M	50.8M
Net Debt	3.1B	3.7B	4.3B	4.7B	989M	1.4B
Retained Earnings	720.7M	843M	905.5M	958M	1.0B	1.1B
Accounts Payable	243.3M	409.9M	617.4M	253.1M	237.2M	161.4M
Cash	4.1M	4.3M	6.5M	5.6M	4.5M	4.3M
Non Current Assets Total	7.7B	8.0B	8.5B	9.2B	10.1B	10.6B
Non Currrent Assets Other	225.5M	264.9M	258.1M	1.5B	1.6B	1.7B
Cash And Short Term Investments	4.1M	4.3M	6.5M	5.6M	4.5M	4.3M
Net Receivables	263.3M	605.5M	644M	310.5M	289.4M	207.9M
Common Stock Total Equity	51M	51.6M	51.7M	52.5M	60.4M	32.7M
Liabilities And Stockholders Equity	8.2B	9.4B	10.1B	10.3B	10.9B	11.4B
Non Current Liabilities Total	4.3B	5.1B	4.9B	5.6B	808.4M	768.0M
Inventory	191.5M	305M	422.3M	279.5M	263.9M	185.9M
Other Current Assets	131.7M	401.7M	519.2M	481.3M	213.5M	111.8M
Other Stockholder Equity	1.5B	1.5B	1.6B	1.6B	1.9B	2.0B
Total Liab	5.7B	6.7B	7.3B	7.4B	7.6B	8.0B
Property Plant And Equipment Gross	5.1B	471.1M	491.4M	8.9B	10.3B	10.8B
Total Current Assets	590.6M	1.3B	1.6B	1.1B	771.3M	530.3M
Accumulated Other Comprehensive Income	(41.2M)	3.6M	47.2M	47.6M	12.1M	12.7M
Short Term Debt	708.4M	727.8M	1.3B	1.1B	989M	1.0B
Common Stock	1.6B	1.6B	1.6B	53.2M	57.7M	54.8M
Other Liab	1.8B	2.2B	1.9B	2.0B	2.3B	2.4B
Other Assets	1.2B	1.3B	1.3B	1.5B	1.7B	1.8B
Long Term Debt	2.4B	2.9B	3.0B	3.6B	4.1B	4.3B
Property Plant Equipment	432.3M	5.6B	5.9B	6.5B	7.4B	7.8B
Deferred Long Term Liab	1.1B	1.3B	1.1B	1.2B	1.4B	774.9M
Net Tangible Assets	2.3B	1.2B	1.4B	1.5B	1.4B	1.4B
Long Term Debt Total	2.1B	2.4B	2.9B	3.0B	3.4B	2.1B

Pair Trading with Spire

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Spire position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Spire will appreciate offsetting losses from the drop in the long position's value.

Moving together with Spire Stock

0.66	NI	NiSource	Pair Corr
0.62	ATO	Atmos Energy	Pair Corr
0.87	BKH	Black Hills	Pair Corr
0.84	CPK	Chesapeake Utilities	Pair Corr

The ability to find closely correlated positions to Spire could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spire when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Spire - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Spire Inc to buy it.

The correlation of Spire is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Spire moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spire Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Spire can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Spire Stock Analysis

When running Spire's 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 the 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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