Spirax Group Valuation

Is SPX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SPX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SPX (£84.5) is trading above our estimate of fair value (£84.42)

Significantly Below Fair Value: SPX is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for SPX?

Other financial metrics that can be useful for relative valuation.

SPX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.2x
Enterprise Value/EBITDA18.4x
PEG Ratio3.1x

Price to Earnings Ratio vs Peers

How does SPX's PE Ratio compare to its peers?

The above table shows the PE ratio for SPX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.8x
WEIR Weir Group
21.6x14.9%UK£4.9b
IMI IMI
19.9x11.9%UK£4.7b
ROR Rotork
26.4x7.8%UK£3.0b
BOY Bodycote
15.4x9.3%UK£1.3b
SPX Spirax Group
33.9x10.9%UK£6.2b

Price-To-Earnings vs Peers: SPX is expensive based on its Price-To-Earnings Ratio (33.9x) compared to the peer average (20.8x).


Price to Earnings Ratio vs Industry

How does SPX's PE Ratio compare vs other companies in the European Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a12.2%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a12.2%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: SPX is expensive based on its Price-To-Earnings Ratio (33.9x) compared to the European Machinery industry average (17.5x).


Price to Earnings Ratio vs Fair Ratio

What is SPX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SPX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio33.9x
Fair PE Ratio24.4x

Price-To-Earnings vs Fair Ratio: SPX is expensive based on its Price-To-Earnings Ratio (33.9x) compared to the estimated Fair Price-To-Earnings Ratio (24.4x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SPX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£84.50
UK£97.08
+14.9%
9.9%UK£120.00UK£80.00n/a16
Jul ’25UK£84.50
UK£98.47
+16.5%
10.7%UK£120.00UK£80.00n/a16
Jun ’25UK£89.10
UK£98.47
+10.5%
10.7%UK£120.00UK£80.00n/a16
May ’25UK£88.75
UK£98.59
+11.1%
11.2%UK£123.00UK£80.00n/a16
Apr ’25UK£100.50
UK£99.07
-1.4%
11.2%UK£123.00UK£80.00n/a16
Mar ’25UK£103.25
UK£98.95
-4.2%
13.2%UK£125.00UK£80.00n/a15
Feb ’25UK£100.45
UK£98.95
-1.5%
13.2%UK£125.00UK£80.00n/a15
Jan ’25UK£105.05
UK£98.38
-6.4%
12.8%UK£127.00UK£77.75n/a14
Dec ’24UK£92.78
UK£99.80
+7.6%
14.0%UK£127.00UK£77.75n/a14
Nov ’24UK£81.76
UK£104.57
+27.9%
14.9%UK£135.00UK£78.20n/a14
Oct ’24UK£95.26
UK£113.25
+18.9%
11.3%UK£135.00UK£88.05n/a14
Sep ’24UK£99.92
UK£113.11
+13.2%
11.3%UK£135.00UK£88.05n/a14
Aug ’24UK£111.30
UK£117.35
+5.4%
10.7%UK£143.00UK£91.45n/a14
Jul ’24UK£103.65
UK£118.99
+14.8%
9.4%UK£143.00UK£100.00UK£84.5014
Jun ’24UK£109.25
UK£118.06
+8.1%
9.6%UK£143.00UK£100.00UK£89.1015
May ’24UK£110.90
UK£119.06
+7.4%
9.8%UK£143.00UK£100.00UK£88.7515
Apr ’24UK£118.55
UK£119.85
+1.1%
10.5%UK£143.00UK£98.25UK£100.5015
Mar ’24UK£118.10
UK£119.47
+1.2%
10.2%UK£143.00UK£98.25UK£103.2516
Feb ’24UK£115.65
UK£118.42
+2.4%
10.8%UK£143.00UK£98.25UK£100.4516
Jan ’24UK£106.15
UK£118.82
+11.9%
10.9%UK£146.00UK£99.10UK£105.0516
Dec ’23UK£113.80
UK£118.73
+4.3%
10.9%UK£146.00UK£92.80UK£92.7816
Nov ’23UK£108.85
UK£118.78
+9.1%
10.6%UK£146.00UK£92.80UK£81.7615
Oct ’23UK£104.00
UK£119.69
+15.1%
9.3%UK£146.00UK£105.00UK£95.2615
Sep ’23UK£101.40
UK£120.65
+19.0%
8.8%UK£146.00UK£104.45UK£99.9216
Aug ’23UK£119.75
UK£120.21
+0.4%
8.3%UK£135.00UK£104.45UK£111.3016
Jul ’23UK£100.55
UK£125.88
+25.2%
10.5%UK£150.00UK£104.20UK£103.6515

Analyst Forecast: Target price is less than 20% higher than the current share price.


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