Spirax Group plc

BMV:SPX N Stock Report

Market Cap: Mex$182.5b

Spirax-Sarco Engineering Management

Management criteria checks 4/4

Spirax-Sarco Engineering's CEO is Nick Anderson, appointed in Jan 2014, has a tenure of 9.25 years. total yearly compensation is £3.07M, comprised of 20.5% salary and 79.5% bonuses, including company stock and options. directly owns 0.089% of the company’s shares, worth MX$162.71M. The average tenure of the management team and the board of directors is 2.8 years and 4.1 years respectively.

Key information

Nick Anderson

Chief executive officer

UK£3.1m

Total compensation

CEO salary percentage20.5%
CEO tenure9.3yrs
CEO ownership0.09%
Management average tenure2.8yrs
Board average tenure4.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Nick Anderson's remuneration changed compared to Spirax-Sarco Engineering's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2022UK£3mUK£631k

UK£225m

Sep 30 2022n/an/a

UK£224m

Jun 30 2022n/an/a

UK£223m

Mar 31 2022n/an/a

UK£229m

Dec 31 2021UK£3mUK£614k

UK£235m

Sep 30 2021n/an/a

UK£220m

Jun 30 2021n/an/a

UK£206m

Mar 31 2021n/an/a

UK£190m

Dec 31 2020UK£2mUK£602k

UK£174m

Sep 30 2020n/an/a

UK£171m

Jun 30 2020n/an/a

UK£168m

Mar 31 2020n/an/a

UK£167m

Dec 31 2019UK£3mUK£585k

UK£167m

Sep 30 2019n/an/a

UK£194m

Jun 30 2019n/an/a

UK£221m

Mar 31 2019n/an/a

UK£222m

Dec 31 2018UK£2mUK£543k

UK£223m

Sep 30 2018n/an/a

UK£199m

Jun 30 2018n/an/a

UK£174m

Mar 31 2018n/an/a

UK£166m

Dec 31 2017UK£2mUK£528k

UK£158m

Sep 30 2017n/an/a

UK£144m

Jun 30 2017n/an/a

UK£131m

Mar 31 2017n/an/a

UK£126m

Dec 31 2016UK£2mUK£515k

UK£121m

Compensation vs Market: Nick's total compensation ($USD3.84M) is below average for companies of similar size in the MX market ($USD5.70M).

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

CEO

Nick Anderson (61 yo)

9.3yrs

Tenure

UK£3,071,121

Compensation

Mr. Nicholas J. Anderson, also known as Nick, BSc Engineering, MBA, has been Non-Executive Director at BAE Systems plc since November 1, 2020. He has been the Group Chief Executive, and Executive Director...

Leadership Team

NamePositionTenureCompensationOwnership
Nicholas Anderson
Group Chief Executive & Executive Director9.3yrsUK£3.07m0.089%
MX$ 162.7m
Nimesh Patel
CFO & Executive Director2.6yrsUK£2.14m0.032%
MX$ 58.9m
Andy Robson
Group General Counsel & Company Secretary10.8yrsno data0.0073%
MX$ 13.2m
Jim Devine
Group Human Resources Director7.2yrsno datano data
Dan Harvey
Head of Internal Auditno datano datano data
Andrew Mines
Managing Director of Watson-Marlow3.3yrsno datano data
Sarah Peers
Group Director of Sustainability2.8yrsno datano data
Maurizio Preziosa
Managing Director of Steam Specialties2.3yrsno datano data
Jennifer Forrester
Head of Employee Experienceno datano datano data
Darren Towers
Head of Inclusion2.3yrsno datano data
Armando Pazos
President of Electric Thermal Solutions Business1.3yrsno datano data
Charles Song
President & GM of Spirax Sarco Engineering(China) Ltdno datano datano data

2.8yrs

Average Tenure

59yo

Average Age

Experienced Management: SPX N's management team is considered experienced (2.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Nicholas Anderson
Group Chief Executive & Executive Director11.1yrsUK£3.07m0.089%
MX$ 162.7m
Nimesh Patel
CFO & Executive Director2.6yrsUK£2.14m0.032%
MX$ 58.9m
James Robert Provan Pike
Independent Chairman of the Board8.9yrsUK£300.00k0.014%
MX$ 24.7m
Richard Gillingwater
Senior Independent Director2.1yrsUK£75.00k0.00082%
MX$ 1.5m
Kevin Thompson
Independent Non-Executive Director3.9yrsUK£75.00k0.0067%
MX$ 12.2m
Jane Kingston
Independent Non-Executive Director6.6yrsUK£75.00k0.0087%
MX$ 15.8m
Peter France
Independent Non-Executive Director5.1yrsUK£60.00k0.0013%
MX$ 2.4m
Caroline Johnstone
Independent Non-Executive Director4.1yrsUK£75.00k0.00061%
MX$ 1.1m
Angela Archon
Independent Non-Executive Director2.3yrsUK£91.29k0.00035%
MX$ 638.6k

4.1yrs

Average Tenure

62yo

Average Age

Experienced Board: SPX N's board of directors are considered experienced (4.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/04/28 05:10
End of Day Share Price 2023/01/29 00:00
Earnings2022/12/31
Annual Earnings2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Spirax Group plc is covered by 34 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael BloggArbuthnot Securities Limited
David LarkamArden Partners Plc.
Jonathan HurnBarclays