| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
SXS Stock Overview
Spectris plc manufactures and sells measuring instruments and controls worldwide.
Spectris Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | UK£34.90 |
| 52 Week High | UK£41.67 |
| 52 Week Low | UK£29.45 |
| Beta | 0.72 |
| 1 Month Change | -3.80% |
| 3 Month Change | -7.16% |
| 1 Year Change | 13.09% |
| 3 Year Change | 38.82% |
| 5 Year Change | 43.74% |
| Change since IPO | 2,196.05% |
Recent News & Updates
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...
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...
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...
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...
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
| SXS | GB Electronic | GB Market | |
|---|---|---|---|
| 7D | 0.8% | -3.8% | -0.5% |
| 1Y | 13.1% | -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
| SXS volatility | |
|---|---|
| SXS Average Weekly Movement | 2.9% |
| Electronic Industry Average Movement | 5.4% |
| Market Average Movement | 5.0% |
| 10% most volatile stocks in GB Market | 10.7% |
| 10% least volatile stocks in GB Market | 2.5% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1915 | 7,650 | Andrew Heath | https://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
| SXS fundamental statistics | |
|---|---|
| Market Cap | UK£3.87b |
| Earnings (TTM) | UK£229.80m |
| Revenue (TTM) | UK£1.34b |
16.8x
P/E Ratio2.9x
P/S RatioIs SXS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SXS income statement (TTM) | |
|---|---|
| Revenue | UK£1.34b |
| Cost of Revenue | UK£583.10m |
| Gross Profit | UK£755.90m |
| Expenses | UK£526.10m |
| Earnings | UK£229.80m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Feb 24, 2022
| Earnings per share (EPS) | 2.07 |
| Gross Margin | 56.45% |
| Net Profit Margin | 17.16% |
| Debt/Equity Ratio | 0.02% |
How did SXS perform over the long term?
See historical performance and comparisonDividends
2.0%
Current Dividend Yield35%
Payout RatioValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/21 21:13 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.