Spirax-Sarco Engineering plc provides engineered solutions for the users of industrial and commercial steam systems, electrical heating and temperature management systems, and pumps and fluid path technologies.
Spirax-Sarco Engineering Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||UK£160.00|
|52 Week High||UK£105.20|
|52 Week Low||UK£167.00|
|1 Month Change||-0.62%|
|3 Month Change||17.04%|
|1 Year Change||46.39%|
|3 Year Change||119.18%|
|5 Year Change||255.95%|
|Change since IPO||6,331.68%|
Recent News & Updates
|SPX||GB Machinery||GB Market|
Return vs Industry: SPX underperformed the UK Machinery industry which returned 47.7% over the past year.
Return vs Market: SPX exceeded the UK Market which returned 23.4% over the past year.
Stable Share Price: SPX is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: SPX's weekly volatility (2%) has been stable over the past year.
About the Company
Spirax-Sarco Engineering plc provides engineered solutions for the users of industrial and commercial steam systems, electrical heating and temperature management systems, and pumps and fluid path technologies. It offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating and curing, cleaning and sterilizing, hot water generation, space heating, and humidification; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes, heaters, and systems; and peristaltic and niche pumps and associated fluid path technologies, including pumps, tubing, and specialty filling systems and products for single-use applications. The company serves food, beverage, pharmaceutical and biotechnology, oil, gas, chemical, healthcare, power generation, buildings, mining and precious metal processing, water and wastewater, and pulp and paper, as well as original equipment manufacturers.
Spirax-Sarco Engineering Fundamentals Summary
|SPX fundamental statistics|
Is SPX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SPX income statement (TTM)|
|Cost of Revenue||UK£332.10m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||2.79|
|Net Profit Margin||16.23%|
How did SPX perform over the long term?See historical performance and comparison
0.8%Current Dividend Yield
Does SPX pay a reliable dividends?See SPX dividend history and benchmarks
|Spirax-Sarco Engineering dividend dates|
|Ex Dividend Date||Oct 14 2021|
|Dividend Pay Date||Nov 12 2021|
|Days until Ex dividend||16 days|
|Days until Dividend pay date||45 days|
Does SPX pay a reliable dividends?See SPX dividend history and benchmarks
Is Spirax-Sarco Engineering undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SPX (£160) is trading above our estimate of fair value (£67.24)
Significantly Below Fair Value: SPX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SPX is poor value based on its PE Ratio (57.3x) compared to the UK Machinery industry average (29x).
PE vs Market: SPX is poor value based on its PE Ratio (57.3x) compared to the UK market (23.4x).
Price to Earnings Growth Ratio
PEG Ratio: SPX is poor value based on its PEG Ratio (9.1x)
Price to Book Ratio
PB vs Industry: SPX is overvalued based on its PB Ratio (12.9x) compared to the GB Machinery industry average (2.3x).
How is Spirax-Sarco Engineering forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SPX's forecast earnings growth (6.3% per year) is above the savings rate (0.9%).
Earnings vs Market: SPX's earnings (6.3% per year) are forecast to grow slower than the UK market (13.3% per year).
High Growth Earnings: SPX's earnings are forecast to grow, but not significantly.
Revenue vs Market: SPX's revenue (5.1% per year) is forecast to grow slower than the UK market (5.4% per year).
High Growth Revenue: SPX's revenue (5.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SPX's Return on Equity is forecast to be high in 3 years time (21.8%)
How has Spirax-Sarco Engineering performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SPX has high quality earnings.
Growing Profit Margin: SPX's current net profit margins (16.2%) are higher than last year (13.7%).
Past Earnings Growth Analysis
Earnings Trend: SPX's earnings have grown by 9.1% per year over the past 5 years.
Accelerating Growth: SPX's earnings growth over the past year (22.6%) exceeds its 5-year average (9.1% per year).
Earnings vs Industry: SPX earnings growth over the past year (22.6%) exceeded the Machinery industry 18%.
Return on Equity
High ROE: SPX's Return on Equity (22.4%) is considered high.
How is Spirax-Sarco Engineering's financial position?
Financial Position Analysis
Short Term Liabilities: SPX's short term assets (£724.0M) exceed its short term liabilities (£370.0M).
Long Term Liabilities: SPX's short term assets (£724.0M) exceed its long term liabilities (£454.0M).
Debt to Equity History and Analysis
Debt Level: SPX's debt to equity ratio (48.6%) is considered high.
Reducing Debt: SPX's debt to equity ratio has increased from 20.4% to 48.6% over the past 5 years.
Debt Coverage: SPX's debt is well covered by operating cash flow (63.3%).
Interest Coverage: SPX's interest payments on its debt are well covered by EBIT (44.4x coverage).
What is Spirax-Sarco Engineering current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: SPX's dividend (0.77%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.34%).
High Dividend: SPX's dividend (0.77%) is low compared to the top 25% of dividend payers in the UK market (3.93%).
Stability and Growth of Payments
Stable Dividend: SPX's dividends per share have been stable in the past 10 years.
Growing Dividend: SPX's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (44.1%), SPX's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SPX's dividends in 3 years are forecast to be well covered by earnings (42.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Nick Anderson (60 yo)
Mr. Nicholas J. Anderson, also known as Nick, BSc Engineering, MBA, has been Non-Executive Director at BAE Systems plc since November 1, 2020. He has been the Group Chief Executive, and Executive Director...
CEO Compensation Analysis
Compensation vs Market: Nick's total compensation ($USD3.03M) is about average for companies of similar size in the UK market ($USD3.77M).
Compensation vs Earnings: Nick's compensation has been consistent with company performance over the past year.
Experienced Management: SPX's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Experienced Board: SPX's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Spirax-Sarco Engineering plc's employee growth, exchange listings and data sources
- Name: Spirax-Sarco Engineering plc
- Ticker: SPX
- Exchange: LSE
- Founded: 1888
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: UK£11.793b
- Shares outstanding: 73.71m
- Website: https://www.spiraxsarcoengineering.com
Number of Employees
- Spirax-Sarco Engineering plc
- Charlton House
- Cirencester Road
- GL53 8ER
- United Kingdom
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/26 17:54|
|End of Day Share Price||2021/09/24 00:00|
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.