Spirax Group plc

LSE:SPX Stock Report

Market Cap: UK£5.1b

Spirax Group Management

Management criteria checks 4/4

Spirax Group's CEO is Nimesh Patel, appointed in Jan 2024, has a tenure of less than a year. total yearly compensation is £795.17K, comprised of 66.6% salary and 33.4% bonuses, including company stock and options. directly owns 0.031% of the company’s shares, worth £1.57M. The average tenure of the management team and the board of directors is 2.4 years and 4.3 years respectively.

Key information

Nimesh Patel

Chief executive officer

UK£795.2k

Total compensation

CEO salary percentage66.6%
CEO tenureless than a year
CEO ownership0.03%
Management average tenure2.4yrs
Board average tenure4.3yrs

Recent management updates

Recent updates

Earnings Not Telling The Story For Spirax Group plc (LON:SPX)

Dec 19
Earnings Not Telling The Story For Spirax Group plc (LON:SPX)

We Think Spirax Group (LON:SPX) Is Taking Some Risk With Its Debt

Nov 15
We Think Spirax Group (LON:SPX) Is Taking Some Risk With Its Debt

Spirax Group's (LON:SPX) Dividend Will Be £0.475

Oct 07
Spirax Group's (LON:SPX) Dividend Will Be £0.475

Calculating The Fair Value Of Spirax Group plc (LON:SPX)

Sep 24
Calculating The Fair Value Of Spirax Group plc (LON:SPX)

Unpleasant Surprises Could Be In Store For Spirax Group plc's (LON:SPX) Shares

Sep 06
Unpleasant Surprises Could Be In Store For Spirax Group plc's (LON:SPX) Shares

Spirax Group (LON:SPX) Will Pay A Dividend Of £0.475

Aug 19
Spirax Group (LON:SPX) Will Pay A Dividend Of £0.475

Returns On Capital At Spirax Group (LON:SPX) Paint A Concerning Picture

Jul 05
Returns On Capital At Spirax Group (LON:SPX) Paint A Concerning Picture

Estimating The Fair Value Of Spirax Group plc (LON:SPX)

Jun 14
Estimating The Fair Value Of Spirax Group plc (LON:SPX)

Spirax-Sarco Engineering plc's (LON:SPX) Shareholders Might Be Looking For Exit

May 09
Spirax-Sarco Engineering plc's (LON:SPX) Shareholders Might Be Looking For Exit

Spirax-Sarco Engineering (LON:SPX) Has Announced That It Will Be Increasing Its Dividend To £1.14

Apr 05
Spirax-Sarco Engineering (LON:SPX) Has Announced That It Will Be Increasing Its Dividend To £1.14

Does Spirax-Sarco Engineering (LON:SPX) Have A Healthy Balance Sheet?

Mar 28
Does Spirax-Sarco Engineering (LON:SPX) Have A Healthy Balance Sheet?

Spirax-Sarco Engineering plc Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Mar 10
Spirax-Sarco Engineering plc Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

There Are Reasons To Feel Uneasy About Spirax-Sarco Engineering's (LON:SPX) Returns On Capital

Mar 08
There Are Reasons To Feel Uneasy About Spirax-Sarco Engineering's (LON:SPX) Returns On Capital

CEO Compensation Analysis

How has Nimesh Patel's remuneration changed compared to Spirax Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024n/an/a

UK£192m

Mar 31 2024n/an/a

UK£188m

Dec 31 2023UK£795kUK£529k

UK£184m

Sep 30 2023n/an/a

UK£197m

Jun 30 2023n/an/a

UK£211m

Mar 31 2023n/an/a

UK£218m

Dec 31 2022UK£2mUK£503k

UK£225m

Sep 30 2022n/an/a

UK£224m

Jun 30 2022n/an/a

UK£223m

Mar 31 2022n/an/a

UK£229m

Dec 31 2021UK£3mUK£490k

UK£235m

Sep 30 2021n/an/a

UK£220m

Jun 30 2021n/an/a

UK£206m

Mar 31 2021n/an/a

UK£190m

Dec 31 2020UK£2mUK£209k

UK£174m

Compensation vs Market: Nimesh's total compensation ($USD999.89K) is below average for companies of similar size in the UK market ($USD3.47M).

Compensation vs Earnings: Nimesh's compensation has been consistent with company performance over the past year.

CEO

Nimesh Patel (47 yo)

less than a year

Tenure

UK£795,172

Compensation

Mr. Nimesh Balvir Patel, B.sc., served as Chief Financial Officer of Spirax-Sarco Engineering plc since September 11, 2020 until January 16, 2024 and serves as its Executive Director at Spirax-Sarco Engine...

Leadership Team

NamePositionTenureCompensationOwnership
Nimesh Patel
Group Chief Executive & Executive Directorless than a yearUK£795.17k0.031%
£ 1.6m
Louisa Burdett
CFO & Directorless than a yearno datano data
Celine Arlette Barroche
Group General Counsel & Company Secretaryless than a yearno datano data
Jim Devine
Group Human Resources Director8.8yrsno datano data
Dan Harvey
Head of Internal Auditno datano datano data
Andrew Mines
Managing Director of Electric Thermal Solutions4.9yrsno datano data
Sarah Peers
Group Director of Sustainability4.4yrsno datano data
Maurizio Preziosa
Managing Director of Steam Thermal Solutions3.9yrsno datano data
Jennifer Forrester
Head of Employee Experienceno datano datano data
Darren Towers
Head of Inclusion4yrsno datano data
Phil Scott
Joint Interim Managing Director of Watson-Marlow Fluid Technology Solutionsless than a yearno datano data
Martin Johnston
Joint Interim Managing Director of Watson-Marlow Fluid Technology Solutionsless than a yearno datano data

2.4yrs

Average Tenure

51yo

Average Age

Experienced Management: SPX's management team is considered experienced (2.4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Nimesh Patel
Group Chief Executive & Executive Director4.3yrsUK£795.17k0.031%
£ 1.6m
Louisa Burdett
CFO & Directorless than a yearno datano data
James Robert Provan Pike
Independent Chairman of the Board10.6yrsUK£309.00k0.015%
£ 768.7k
Richard Gillingwater
Senior Independent Director3.8yrsUK£76.80k0.00081%
£ 41.5k
Kevin Thompson
Independent Non-Executive Director5.6yrsUK£76.80k0.0066%
£ 340.3k
Jane Sarah Kingston
Independent Non-Executive Director8.3yrsUK£76.80k0.0086%
£ 442.7k
Peter France
Independent Non-Executive Director6.8yrsUK£61.80k0.0013%
£ 68.1k
Timothy Cobbold
Non-Executive Directorless than a yearno datano data
Constance Baroudel
Independent Non-Executive Board Director1.3yrsUK£25.75k0.00041%
£ 21.0k
Caroline Johnstone
Independent Non-Executive Director5.8yrsUK£76.80k0.0015%
£ 75.7k
Angela Archon
Independent Non-Executive Director4yrsUK£121.18k0.00069%
£ 35.3k

4.3yrs

Average Tenure

64yo

Average Age

Experienced Board: SPX's board of directors are considered experienced (4.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 20:31
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Spirax Group plc is covered by 35 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael BloggArbuthnot Securities Limited
David LarkamArden Partners Plc.
Jonathan HurnBarclays