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Last Updated

2021/05/05 18:54 UTC

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Company Financials +

Executive Summary

Spectris plc manufactures and sells measuring instruments and controls worldwide. More Details

Snowflake Analysis

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

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.

Market Performance

7 Day Return




GB Electronic


GB Market

1 Year Return




GB Electronic


GB Market

Return vs Industry: SXS underperformed the UK Electronic industry which returned 32.5% over the past year.

Return vs Market: SXS underperformed the UK Market which returned 25% over the past year.

Shareholder returns

7 Day-1.6%-0.6%0.8%
30 Day-5.3%1.5%4.5%
90 Day4.8%4.1%8.2%
1 Year24.1%21.1%35.2%33.9%31.9%26.4%
3 Year25.8%17.0%52.8%46.9%12.2%-0.8%
5 Year104.6%81.2%156.8%139.7%49.1%21.0%

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


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


Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: SXS (£32.36) is trading above our estimate of fair value (£27.2)

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

Price To Earnings Ratio

PE vs Industry: SXS is unprofitable, so we can't compare its PE Ratio to the GB Electronic industry average.

PE vs Market: SXS is unprofitable, so we can't compare its PE Ratio to the UK market.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SXS's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: SXS's PB Ratio (3x) is in line with the GB Electronic industry average.

Future Growth

How is Spectris forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SXS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.9%).

Earnings vs Market: SXS is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SXS's is expected to become profitable in the next 3 years.

Revenue vs Market: SXS's revenue (2.4% per year) is forecast to grow slower than the UK market (5.4% per year).

High Growth Revenue: SXS's revenue (2.4% 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 (15.3%).

Past Performance

How has Spectris performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SXS is currently unprofitable.

Growing Profit Margin: SXS is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: SXS is unprofitable, but has reduced losses over the past 5 years at a rate of 10.2% per year.

Accelerating Growth: Unable to compare SXS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SXS is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-2.3%).

Return on Equity

High ROE: SXS has a negative Return on Equity (-1.37%), as it is currently unprofitable.

Financial Health

How is Spectris's financial position?

Financial Position Analysis

Short Term Liabilities: SXS's short term assets (£867.2M) exceed its short term liabilities (£393.1M).

Long Term Liabilities: SXS's short term assets (£867.2M) exceed its long term liabilities (£187.1M).

Debt to Equity History and Analysis

Debt Level: SXS's debt to equity ratio (9.5%) is considered satisfactory.

Reducing Debt: SXS's debt to equity ratio has reduced from 16.2% to 9.5% over the past 5 years.

Debt Coverage: SXS's debt is well covered by operating cash flow (192.2%).

Interest Coverage: Insufficient data to determine if SXS's interest payments on its debt are well covered by EBIT.

Balance Sheet


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


Current Dividend Yield

Upcoming Dividend Payment

TodayMay 06 2021Ex Dividend DateMay 13 2021Dividend Pay DateJun 30 202148 days from Ex DividendBuy in the next 7 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: SXS's dividend (2.11%) is higher than the bottom 25% of dividend payers in the UK market (1.36%).

High Dividend: SXS's dividend (2.11%) is low compared to the top 25% of dividend payers in the UK market (4.09%).

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: SXS is paying a dividend but the company is unprofitable.

Future Payout to Shareholders

Future Dividend Coverage: SXS's dividends in 3 years are forecast to be well covered by earnings (46.8% payout ratio).

Next Steps


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


Average management tenure


Andrew Heath (56 yo)





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 ($USD1.79M) is about average for companies of similar size in the UK market ($USD2.22M).

Compensation vs Earnings: Andrew's compensation has increased whilst the company is unprofitable.

Leadership Team

Experienced Management: SXS's management team is not considered experienced ( 1 years average tenure), which suggests a new team.

Board Members

Experienced Board: SXS's board of directors are considered experienced (3.8 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: SXS 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£3.732b
  • Shares outstanding: 115.33m
  • Website:

Number of Employees


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



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 quali...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/05 18:54
End of Day Share Price2021/05/05 00:00
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.