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SXS

SpectrisLSE:SXS Stock Report

Last Price

UK£34.90

Market Cap

UK£3.9b

7D

0.8%

1Y

13.1%

Updated

21 Jan, 2022

Data

Company Financials +
SXS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends5/6

SXS Stock Overview

Spectris plc manufactures and sells measuring instruments and controls worldwide.

Spectris Competitors

Halma

LSE:HLMA

UK£9.5b

Oxford Instruments

LSE:OXIG

UK£1.3b

Thermo Fisher Scientific

NYSE:TMO

US$228.7b

Siemens

XTRA:SIE

€115.9b

Price History & Performance

Summary of all time highs, changes and price drops for Spectris
Historical stock prices
Current Share PriceUK£34.90
52 Week HighUK£41.67
52 Week LowUK£29.45
Beta0.72
1 Month Change-3.80%
3 Month Change-7.16%
1 Year Change13.09%
3 Year Change38.82%
5 Year Change43.74%
Change since IPO2,196.05%

Recent News & Updates

Dec 21
Spectris (LON:SXS) Could Be Struggling To Allocate Capital

Spectris (LON:SXS) Could Be Struggling To Allocate Capital

If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...

Oct 26
Calculating The Intrinsic Value Of Spectris plc (LON:SXS)

Calculating The Intrinsic Value Of Spectris plc (LON:SXS)

In this article we are going to estimate the intrinsic value of Spectris plc ( LON:SXS ) by estimating the company's...

Oct 04
Spectris' (LON:SXS) Shareholders Will Receive A Bigger Dividend Than Last Year

Spectris' (LON:SXS) Shareholders Will Receive A Bigger Dividend Than Last Year

The board of Spectris plc ( LON:SXS ) has announced that it will be increasing its dividend on the 12th of November to...

Sep 09
Spectris (LON:SXS) Has Announced That It Will Be Increasing Its Dividend To UK£0.23

Spectris (LON:SXS) Has Announced That It Will Be Increasing Its Dividend To UK£0.23

Spectris plc ( LON:SXS ) will increase its dividend on the 12th of November to UK£0.23. This makes the dividend yield...

Aug 26
Spectris (LON:SXS) Has Announced That It Will Be Increasing Its Dividend To UK£0.23

Spectris (LON:SXS) Has Announced That It Will Be Increasing Its Dividend To UK£0.23

Spectris plc ( LON:SXS ) will increase its dividend on the 12th of November to UK£0.23. This will take the annual...

Shareholder Returns

SXSGB ElectronicGB Market
7D0.8%-3.8%-0.5%
1Y13.1%-0.4%8.7%

Return vs Industry: SXS exceeded the UK Electronic industry which returned -0.4% over the past year.

Return vs Market: SXS exceeded the UK Market which returned 8.7% over the past year.

Price Volatility

Is SXS's price volatile compared to industry and market?
SXS volatility
SXS Average Weekly Movement2.9%
Electronic Industry Average Movement5.4%
Market Average Movement5.0%
10% most volatile stocks in GB Market10.7%
10% least volatile stocks in GB Market2.5%

Stable Share Price: SXS is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: SXS's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19157,650Andrew Heathhttps://www.spectris.com

Spectris plc manufactures and sells measuring instruments and controls worldwide. The company provides products and services, which enable customers to determine structure, composition, quantity, and quality of particles and materials during their research and product development processes, when assessing materials before production, or during the manufacturing process; various range of life science services; products for measurement and control of temperature, humidity, pressure, strain, force, flow, level, pH, and conductivity; and data acquisition, electric heating, and custom-engineered products. It also supplies test, measurement, and analysis equipment, software, and services for product design optimization and manufacturing control; and designs and manufactures tooling and monitoring system for installation and acquisition services, data processing services, 24/7 monitoring, and advanced analytics consulting.

Spectris Fundamentals Summary

How do Spectris's earnings and revenue compare to its market cap?
SXS fundamental statistics
Market CapUK£3.87b
Earnings (TTM)UK£229.80m
Revenue (TTM)UK£1.34b

16.8x

P/E Ratio

2.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SXS income statement (TTM)
RevenueUK£1.34b
Cost of RevenueUK£583.10m
Gross ProfitUK£755.90m
ExpensesUK£526.10m
EarningsUK£229.80m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Feb 24, 2022

Earnings per share (EPS)2.07
Gross Margin56.45%
Net Profit Margin17.16%
Debt/Equity Ratio0.02%

How did SXS perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

35%

Payout Ratio

Valuation

Is Spectris undervalued compared to its fair value and its price relative to the market?

16.82x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SXS (£34.9) is trading above our estimate of fair value (£33.31)

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


Price To Earnings Ratio

PE vs Industry: SXS is good value based on its PE Ratio (16.8x) compared to the UK Electronic industry average (28.8x).

PE vs Market: SXS is good value based on its PE Ratio (16.8x) compared to the UK market (19.1x).


Price to Earnings Growth Ratio

PEG Ratio: SXS's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: SXS is overvalued based on its PB Ratio (3.1x) compared to the GB Electronic industry average (2.6x).


Future Growth

How is Spectris forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

-6.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SXS's earnings are forecast to decline over the next 3 years (-6.6% per year).

Earnings vs Market: SXS's earnings are forecast to decline over the next 3 years (-6.6% per year).

High Growth Earnings: SXS's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SXS's revenue (3.4% per year) is forecast to grow slower than the UK market (4.9% per year).

High Growth Revenue: SXS's revenue (3.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SXS's Return on Equity is forecast to be low in 3 years time (13.9%).


Past Performance

How has Spectris performed over the past 5 years?

10.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SXS has a large one-off gain of £129.4M impacting its June 30 2021 financial results.

Growing Profit Margin: SXS's current net profit margins (17.2%) are higher than last year (14.7%).


Past Earnings Growth Analysis

Earnings Trend: SXS's earnings have grown by 10.5% per year over the past 5 years.

Accelerating Growth: SXS's earnings growth over the past year (6.4%) is below its 5-year average (10.5% per year).

Earnings vs Industry: SXS earnings growth over the past year (6.4%) underperformed the Electronic industry 10.3%.


Return on Equity

High ROE: SXS's Return on Equity (18.5%) is considered low.


Financial Health

How is Spectris's financial position?


Financial Position Analysis

Short Term Liabilities: SXS's short term assets (£731.8M) exceed its short term liabilities (£343.4M).

Long Term Liabilities: SXS's short term assets (£731.8M) exceed its long term liabilities (£76.1M).


Debt to Equity History and Analysis

Debt Level: SXS has more cash than its total debt.

Reducing Debt: SXS's debt to equity ratio has reduced from 17% to 0.02% over the past 5 years.

Debt Coverage: SXS's debt is well covered by operating cash flow (108550%).

Interest Coverage: SXS earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Spectris's current dividend yield, its reliability and sustainability?

1.99%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SXS's dividend (1.99%) is higher than the bottom 25% of dividend payers in the UK market (1.37%).

High Dividend: SXS's dividend (1.99%) is low compared to the top 25% of dividend payers in the UK market (4.04%).


Stability and Growth of Payments

Stable Dividend: SXS's dividends per share have been stable in the past 10 years.

Growing Dividend: SXS's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (35.1%), SXS's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SXS's dividends in 3 years are forecast to be well covered by earnings (46.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.7yrs

Average management tenure


CEO

Andrew Heath (57 yo)

3.33yrs

Tenure

UK£1,289,000

Compensation

Mr. Andrew Heath has been the Director of Spectris plc since September 3, 2018 and has been its Chief Executive Officer since September 28, 2018. He served as the Chief Executive Officer of Imagination Tec...


CEO Compensation Analysis

Compensation vs Market: Andrew's total compensation ($USD1.75M) is about average for companies of similar size in the UK market ($USD2.24M).

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


Leadership Team

Experienced Management: SXS's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: SXS's board of directors are considered experienced (3.3 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Spectris plc's employee growth, exchange listings and data sources


Key Information

  • Name: Spectris plc
  • Ticker: SXS
  • Exchange: LSE
  • Founded: 1915
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Implied Market Cap: UK£3.866b
  • Shares outstanding: 110.78m
  • Website: https://www.spectris.com

Number of Employees


Location

  • Spectris plc
  • Heritage House
  • Church Road
  • Egham
  • Surrey
  • TW20 9QD
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 21:13
End of Day Share Price2022/01/21 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.