Spectris
Market Cap
UK£2.8b
Last Updated
2019/10/21 20:40 UTC
Data Sources
Company Financials +
Executive Summary
Spectris plc manufactures and sells measuring instruments and controls worldwide.
Snowflake
Fundamentals
Excellent balance sheet average 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
Market Performance
7 Day Return
-0.8%
SXS
-2.4%
GB Electronic
-0.4%
GB Market
1 Year Return
19.1%
SXS
8.4%
GB Electronic
2.9%
GB Market
Return vs Industry: SXS exceeded the UK Electronic industry which returned 8.4% over the past year.
Return vs Market: SXS exceeded the UK Market which returned 2.9% over the past year.
Shareholder returns
| SXS | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.8% | -2.4% | -0.4% |
| 30 Day | -4.1% | -5.0% | -1.4% |
| 90 Day | -13.5% | -6.0% | -2.1% |
| 1 Year | 22.2%19.1% | 10.2%8.4% | 8.0%2.9% |
| 3 Year | 19.2%11.1% | 47.4%40.7% | 18.0%3.6% |
| 5 Year | 58.9%40.9% | 122.7%103.4% | 35.8%6.4% |
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
2 weeks ago | Simply Wall St
It Might Be Better To Avoid Spectris plc's (LON:SXS) Upcoming 0.9% Dividend2 weeks ago | Simply Wall St
Spectris (LON:SXS) Has A Pretty Healthy Balance Sheet1 month ago | Simply Wall St
If You Had Bought Spectris (LON:SXS) Shares Three Years Ago You'd Have Made 27%Valuation
Is Spectris undervalued compared to its fair value and its price relative to the market?
2.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SXS (£23.79) is trading below our estimate of fair value (£24.3)
Significantly Below Fair Value: SXS is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: SXS is poor value based on its PE Ratio (57.4x) compared to the Electronic industry average (19.6x).
PE vs Market: SXS is poor value based on its PE Ratio (57.4x) compared to the UK market (16.8x).
Price to Earnings Growth Ratio
PEG Ratio: SXS is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: SXS is overvalued based on its PB Ratio (2.4x) compared to the GB Electronic industry average (2.1x).
Next Steps
Future Growth
How is Spectris forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
42.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SXS's forecast earnings growth (42.9% per year) is above the savings rate (1.2%).
Earnings vs Market: SXS's earnings (42.9% per year) are forecast to grow faster than the UK market (12.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SXS's revenue (1.9% per year) is forecast to grow slower than the UK market (3.9% per year).
High Growth Revenue: SXS's revenue (1.9% 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 (16.1%).
Next Steps
Past Performance
How has Spectris performed over the past 5 years?
8.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: SXS's earnings have grown by 8.1% per year over the past 5 years.
Accelerating Growth: SXS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SXS had negative earnings growth (-83.5%) over the past year, making it difficult to compare to the Electronic industry average (-7.7%).
Return on Equity
High ROE: SXS's Return on Equity (4.2%) is considered low.
Return on Assets
ROA vs Industry: SXS's Return on Assets is below or equal to the Electronic industry average last year.
Return on Capital Employed
ROCE Improving: SXS's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Spectris's financial position?
Financial Position Analysis
Short Term Liabilities: SXS's short term assets (£661.9M) exceeds its short term liabilities (£427.7M)
Long Term Liabilities: SXS's short term assets (661.9M) exceeds its long term liabilities (495.5M)
Debt to Equity History and Analysis
Debt Level: SXS's debt to equity ratio (33.8%) is considered satisfactory
Reducing Debt: SXS's debt to equity ratio has increased from 16.1% to 33.8% over the past 5 years.
Debt Coverage: SXS's debt is well covered by operating cash flow (50.8%).
Interest Coverage: SXS's interest payments on its debt are well covered by EBIT (26.2x coverage).
Balance Sheet
Inventory Level: SXS has a high level of physical assets or inventory.
Debt Coverage by Assets: SXS's debt is covered by short term assets (assets are 1.728190x debt).
Next Steps
Dividend
What is Spectris's current dividend yield, its reliability and sustainability?
2.56%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: SXS's dividend (2.56%) is higher than the bottom 25% of dividend payers in the UK market (2.01%).
High Dividend: SXS's dividend (2.56%) is low compared to the top 25% of dividend payers in the UK market (5.36%).
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 high payout ratio (150.6%), SXS's dividend payments are not 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 (40.5% payout ratio).
Next Steps
Management
What is the CEO of Spectris's salary, the management and board of directors tenure and is there insider trading?
0.9yrs
Average management tenure
CEO
Andrew Heath (55yo)
1.1yrs
Tenure
UK£848,353
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 has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the UK market.
Compensation vs Earnings: Insufficient data to compare Andrew's compensation with company performance.
Management Age and Tenure
0.9yrs
Average Tenure
53yo
Average Age
Experienced Management: SXS's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
Board Age and Tenure
2.4yrs
Average Tenure
56yo
Average Age
Experienced Board: SXS's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Non-Executive Director |
| Shares | 680 |
| Max Price | UK£0.22 |
Ownership Breakdown
Management Team
Siobhán Andrews
Head of Corporate Affairs
- Tenure: 0yrs
Joe Vorih (51yo)
President of HBK
- Tenure: 0yrs
Paolo Carmassi
President of Malvern Panalytical
- Tenure: 0.8yrs
Derek Harding (46yo)
Chief Financial Officer
- Tenure: 0.8yrs
Andrew Heath (55yo)
CEO & Executive Director
- Tenure: 1.1yrs
- Compensation: UK£848.35k
Andrew Harvey (55yo)
Group Human Resources Director
- Tenure: 2.8yrs
Rebecca Dunn
Deputy Company Secretary
- Tenure: 0yrs
Robert Martin
Deputy Company Secretary
- Tenure: 0yrs
Mark Serfözo
Company Secretary & General Counsel
- Tenure: 2yrs
Greg Wright
President of Omega
- Tenure: 0.8yrs
Board Members
Kjersti Wiklund (56yo)
Non Executive Director
- Tenure: 2.8yrs
- Compensation: UK£55.00k
Martha Wyrsch (61yo)
Non-Executive Director
- Tenure: 7.3yrs
- Compensation: UK£70.00k
Mark Williamson (61yo)
Non-Executive Chairman
- Tenure: 2.4yrs
- Compensation: UK£220.00k
Cathy Turner (56yo)
Non-Executive Director
- Tenure: 0.08yrs
Russell King (62yo)
Senior Independent Director
- Tenure: 0yrs
- Compensation: UK£75.00k
Bill Seeger (67yo)
Non-Executive Director
- Tenure: 4.8yrs
- Compensation: UK£80.00k
Derek Harding (46yo)
Chief Financial Officer
- Tenure: 0.8yrs
Karim Bitar (54yo)
Non-Executive Director
- Tenure: 2.3yrs
- Compensation: UK£55.00k
Andrew Heath (55yo)
CEO & Executive Director
- Tenure: 1.1yrs
- Compensation: UK£848.35k
Ulf Quellmann (53yo)
Non-Executive Director
- Tenure: 4.8yrs
- Compensation: UK£61.00k
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£2.752b
- Shares outstanding: 115.95m
- 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: Materials Analysis, Test and Measurement, In-line Instrumentation, and Industrial Contro ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/21 20:40 |
| End of Day Share Price | 2019/10/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.