Spirax Group plc

LSE:SPX Stock Report

Market Cap: UK£4.3b

Spirax Group Management

Management criteria checks 3/4

Spirax Group's CEO is Nimesh Patel, appointed in Jan 2024, has a tenure of 1.25 years. total yearly compensation is £1.35M, comprised of 52.8% salary and 47.2% bonuses, including company stock and options. directly owns 0.034% of the company’s shares, worth £1.43M. The average tenure of the management team and the board of directors is 4.3 years and 4.5 years respectively.

Key information

Nimesh Patel

Chief executive officer

UK£1.3m

Total compensation

CEO salary percentage52.8%
CEO tenure1.3yrs
CEO ownership0.03%
Management average tenure4.3yrs
Board average tenure4.5yrs

Recent management updates

Recent updates

Spirax Group (LON:SPX) Is Paying Out A Larger Dividend Than Last Year

Apr 10
Spirax Group (LON:SPX) Is Paying Out A Larger Dividend Than Last Year
author-image

Targeted Sales Initiatives And New Products Will Expand Reach In Decarbonization And Digital Solutions

Mar 16 Organizational restructuring and manufacturing site closures aim to fund investments, boost operational efficiency, and improve net margins in the medium term.

Spirax Group (LON:SPX) Is Paying Out A Larger Dividend Than Last Year

Mar 14
Spirax Group (LON:SPX) Is Paying Out A Larger Dividend Than Last Year

We Think Spirax Group (LON:SPX) Can Stay On Top Of Its Debt

Mar 12
We Think Spirax Group (LON:SPX) Can Stay On Top Of Its Debt

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

Jan 09
Estimating The Fair Value Of Spirax Group plc (LON:SPX)

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

CEO Compensation Analysis

How has Nimesh Patel's remuneration changed compared to Spirax Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2024UK£1mUK£711k

UK£191m

Sep 30 2024n/an/a

UK£192m

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 ($USD1.76M) is below average for companies of similar size in the UK market ($USD3.71M).

Compensation vs Earnings: Nimesh's compensation has increased by more than 20% in the past year.

CEO

Nimesh Patel (47 yo)

1.3yrs

Tenure

UK£1,347,000

Compensation

Mr. Nimesh Balvir Patel, B.sc., served as Chief Financial Officer of Spirax Group plc (formerly known as Spirax-Sarco Engineering plc) since September 11, 2020 until January 16, 2024 and serves as its Exec...

Leadership Team

NamePositionTenureCompensationOwnership
Nimesh Patel
Group CEO & Executive Director1.3yrsUK£1.35m0.034%
£ 1.4m
Louisa Burdett
CFO & Executive Directorless than a yearUK£725.29kno data
Celine Arlette Barroche
Group General Counsel & Company Secretaryless than a yearno datano data
Jim Devine
Group Human Resources Director9.2yrsno datano data
Dan Harvey
Head of Internal Auditno datano datano data
Andrew Mines
Managing Director of Electric Thermal Solutions5.3yrsno datano data
Sarah Peers
Group Director of Sustainability4.8yrsno datano data
Maurizio Preziosa
Managing Director of Steam Thermal Solutions4.3yrsno datano data
Jennifer Forrester
Head of Employee Experienceno datano datano data
Darren Towers
Head of Inclusion4.3yrsno datano data
Stuart Roby
Managing Director of Watson-Marlow Fluid Technology Solutionsless than a yearno datano data
Charles Song
President & GM of Spirax Sarco Engineering(China) Ltdno datano datano data

4.3yrs

Average Tenure

51yo

Average Age

Experienced Management: SPX's management team is considered experienced (4.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Nimesh Patel
Group CEO & Executive Director4.6yrsUK£1.35m0.034%
£ 1.4m
Louisa Burdett
CFO & Executive Directorless than a yearUK£725.29kno data
Richard Gillingwater
Senior Independent Director4.1yrsUK£90.00k0.00081%
£ 34.5k
Kevin Thompson
Independent Non-Executive Director5.9yrsUK£90.00k0.0066%
£ 283.5k
Jane Sarah Kingston
Independent Non-Executive Director8.6yrsUK£90.00k0.0086%
£ 368.4k
Peter France
Independent Non-Executive Director7.1yrsUK£70.00k0.0013%
£ 56.7k
Timothy Cobbold
Non-Executive Chairless than a yearUK£23.00kno data
Constance Baroudel
Independent Non-Executive Director1.7yrsUK£70.00k0.00041%
£ 17.5k
Caroline Johnstone
Independent Non-Executive Director6.1yrsUK£90.00k0.0015%
£ 63.1k
Angela Archon
Independent Non-Executive Director4.3yrsUK£138.00k0.00069%
£ 29.4k

4.5yrs

Average Tenure

63yo

Average Age

Experienced Board: SPX's board of directors are considered experienced (4.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/13 15:02
End of Day Share Price 2025/04/11 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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 Github.

Analyst Sources

Spirax Group plc is covered by 34 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