Spectris
Market Cap
UK£3.1b
Last Updated
2020/11/27 19:09 UTC
Data Sources
Company Financials +
Executive Summary
Spectris plc manufactures and sells measuring instruments and controls worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet established dividend payer.
Similar Companies
Share Price & News
How has Spectris's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SXS is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: SXS's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-0.8%
SXS
-5.6%
GB Electronic
-0.3%
GB Market
1 Year Return
-4.4%
SXS
6.1%
GB Electronic
-11.0%
GB Market
Return vs Industry: SXS underperformed the UK Electronic industry which returned 6.1% over the past year.
Return vs Market: SXS exceeded the UK Market which returned -11% over the past year.
Shareholder returns
| SXS | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.8% | -5.6% | -0.3% |
| 30 Day | 9.3% | -2.9% | 10.2% |
| 90 Day | 5.7% | 4.9% | 6.4% |
| 1 Year | -2.0%-4.4% | 7.0%6.1% | -7.4%-11.0% |
| 3 Year | 18.1%9.8% | 33.5%28.3% | 0.9%-11.5% |
| 5 Year | 74.6%54.6% | 135.5%118.3% | 26.5%-2.5% |
Long-Term Price Volatility Vs. Market
How volatile is Spectris's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
Will Spectris (LON:SXS) Multiply In Value Going Forward?2 weeks ago | Simply Wall St
Spectris (LON:SXS) Is Growing Earnings But Are They A Good Guide?1 month ago | Simply Wall St
How Many Spectris plc (LON:SXS) Shares Did Insiders Buy, In The Last Year?Valuation
Is Spectris undervalued compared to its fair value and its price relative to the market?
14.39x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SXS (£26.81) is trading above our estimate of fair value (£12.18)
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 (14.4x) compared to the GB Electronic industry average (32x).
PE vs Market: SXS is good value based on its PE Ratio (14.4x) compared to the UK market (20.9x).
Price to Earnings Growth Ratio
PEG Ratio: SXS is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: SXS's PB Ratio (2.4x) is in line with the GB Electronic industry average.
Next Steps
Future Growth
How is Spectris forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
36.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SXS's forecast earnings growth (36% per year) is above the savings rate (1.2%).
Earnings vs Market: SXS's earnings (36% per year) are forecast to grow faster than the UK market (27.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SXS's revenue (4.9% per year) is forecast to grow slower than the UK market (6.8% per year).
High Growth Revenue: SXS's revenue (4.9% 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 (11.9%).
Next Steps
Past Performance
How has Spectris performed over the past 5 years?
18.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SXS has a large one-off gain of £208.0M impacting its June 30 2020 financial results.
Growing Profit Margin: SXS's current net profit margins (14.7%) are higher than last year (3%).
Past Earnings Growth Analysis
Earnings Trend: SXS's earnings have grown by 18.4% per year over the past 5 years.
Accelerating Growth: SXS's earnings growth over the past year (340.7%) exceeds its 5-year average (18.4% per year).
Earnings vs Industry: SXS earnings growth over the past year (340.7%) exceeded the Electronic industry -2.2%.
Return on Equity
High ROE: SXS's Return on Equity (16.4%) is considered low.
Next Steps
Financial Health
How is Spectris's financial position?
Financial Position Analysis
Short Term Liabilities: SXS's short term assets (£812.5M) exceed its short term liabilities (£451.2M).
Long Term Liabilities: SXS's short term assets (£812.5M) exceed its long term liabilities (£210.6M).
Debt to Equity History and Analysis
Debt Level: SXS's debt to equity ratio (14.7%) is considered satisfactory.
Reducing Debt: SXS's debt to equity ratio has reduced from 20.4% to 14.7% over the past 5 years.
Debt Coverage: SXS's debt is well covered by operating cash flow (129.7%).
Interest Coverage: SXS's interest payments on its debt are well covered by EBIT (21x coverage).
Balance Sheet
Next Steps
Dividend
What is Spectris's current dividend yield, its reliability and sustainability?
2.43%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SXS's dividend (2.43%) is higher than the bottom 25% of dividend payers in the UK market (1.72%).
High Dividend: SXS's dividend (2.43%) is low compared to the top 25% of dividend payers in the UK market (5.01%).
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 (34.9%), 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 (48.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.0yrs
Average management tenure
CEO
Andrew Heath (56 yo)
2.17yrs
Tenure
UK£1,163,000
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 ($USD1.55M) is about average for companies of similar size in the UK market ($USD2.12M).
Compensation vs Earnings: Andrew's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 2.17yrs | UK£1.16m | 0.019% £ 573.0k | |
| CFO & Executive Director | 1.67yrs | UK£816.20k | 0.0035% £ 108.4k | |
| Company Secretary & General Counsel | 3.08yrs | no data | no data | |
| Head of Corporate Development | 0.42yr | no data | no data | |
| Group Human Resources Director | 3.83yrs | no data | no data | |
| Head of Corporate Affairs | no data | no data | no data | |
| Head of Sustainability (ES&G) | 0.50yr | no data | no data | |
| President of HBK | no data | no data | no data | |
| President of Malvern Panalytical | 0.50yr | no data | no data | |
| President of OMEGA Engineering Inc | 0.083yr | no data | no data | |
| Deputy Company Secretary | no data | no data | no data | |
| Assistant Company Secretary | no data | no data | no data |
1.0yrs
Average Tenure
54yo
Average Age
Experienced Management: SXS's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 2.17yrs | UK£1.16m | 0.019% £ 573.0k | |
| CFO & Executive Director | 1.67yrs | UK£816.20k | 0.0035% £ 108.4k | |
| Independent Non-Executive Director & Workforce Engagement Director | 3.83yrs | UK£55.00k | no data | |
| Independent Non-Executive Director | 8.42yrs | UK£70.00k | 0.0026% £ 79.4k | |
| Independent Non-Executive Chairman | 3.5yrs | UK£220.00k | 0.014% £ 444.0k | |
| Independent Non-Executive Director | 1.17yrs | UK£18.00k | 0.0020% £ 62.2k | |
| Senior Independent Director | 0.67yr | UK£80.00k | 0.0026% £ 79.4k | |
| Independent Non-Executive Director | 3.33yrs | UK£55.00k | 0.0011% £ 35.1k | |
| Independent Non-Executive Director | 5.83yrs | UK£70.00k | 0.0018% £ 54.2k |
3.3yrs
Average Tenure
57yo
Average Age
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 company bio, 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
- Market Cap: UK£3.079b
- Shares outstanding: 116.19m
- Website: https://www.spectris.com
Number of Employees
Location
- Spectris plc
- Heritage House
- Church Road
- Egham
- Surrey
- TW20 9QD
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SEPJ.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| SXS | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
| SXSL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
| FA9 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| SXS N | BMV (Bolsa Mexicana de Valores) | Yes | Ordinary Shares | MX | MXN | Jan 1992 |
| SEPJ.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADR | US | USD | May 2011 |
Biography
Spectris plc manufactures and sells measuring instruments and controls worldwide. It operates through four segments: Malvern Panalytical, HBK, and Omega, and Industrial Solutions. The company provides prod...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/27 19:09 |
| End of Day Share Price | 2020/11/27 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.