SPX Corporation supplies infrastructure equipment serving the heating, ventilation and cooling (HVAC), detection and measurement, power transmission and generation, and industrial markets in the United States, China, South Africa, the United Kingdom, and internationally. More Details
Proven track record and fair value.
Share Price & News
How has SPX's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SPXC has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: SPXC matched the US Machinery industry which returned 9.9% over the past year.
Return vs Market: SPXC underperformed the US Market which returned 15.6% over the past year.
Price Volatility Vs. Market
How volatile is SPX's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StIs SPX (NYSE:SPXC) Using Too Much Debt?
3 weeks ago | Simply Wall StHow Many SPX Corporation (NYSE:SPXC) Shares Have Insiders Sold, In The Last Year?
1 month ago | Simply Wall StSPX (NYSE:SPXC) Shareholders Have Enjoyed An Impressive 261% Share Price Gain
Is SPX undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SPXC ($46.83) is trading below our estimate of fair value ($78.02)
Significantly Below Fair Value: SPXC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SPXC is good value based on its PE Ratio (19.5x) compared to the US Machinery industry average (26x).
PE vs Market: SPXC is poor value based on its PE Ratio (19.5x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: SPXC is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: SPXC is overvalued based on its PB Ratio (3.8x) compared to the US Machinery industry average (2.3x).
How is SPX forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SPXC's forecast earnings growth (17% per year) is above the savings rate (2.2%).
Earnings vs Market: SPXC's earnings (17% per year) are forecast to grow slower than the US market (22.2% per year).
High Growth Earnings: SPXC's earnings are forecast to grow, but not significantly.
Revenue vs Market: SPXC's revenue (3.7% per year) is forecast to grow slower than the US market (10% per year).
High Growth Revenue: SPXC's revenue (3.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SPXC's Return on Equity is forecast to be high in 3 years time (20.6%)
How has SPX performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SPXC has high quality earnings.
Growing Profit Margin: SPXC's current net profit margins (6.9%) are higher than last year (4.3%).
Past Earnings Growth Analysis
Earnings Trend: SPXC has become profitable over the past 5 years, growing earnings by 64.2% per year.
Accelerating Growth: SPXC's earnings growth over the past year (61%) is below its 5-year average (64.2% per year).
Earnings vs Industry: SPXC earnings growth over the past year (61%) exceeded the Machinery industry -13.9%.
Return on Equity
High ROE: SPXC's Return on Equity (18.3%) is considered low.
How is SPX's financial position?
Financial Position Analysis
Short Term Liabilities: SPXC's short term assets ($769.0M) exceed its short term liabilities ($704.0M).
Long Term Liabilities: SPXC's short term assets ($769.0M) do not cover its long term liabilities ($1.0B).
Debt to Equity History and Analysis
Debt Level: SPXC's debt to equity ratio (91.7%) is considered high.
Reducing Debt: SPXC's debt to equity ratio has increased from 80.6% to 91.7% over the past 5 years.
Debt Coverage: SPXC's debt is well covered by operating cash flow (29.3%).
Interest Coverage: SPXC's interest payments on its debt are well covered by EBIT (7.5x coverage).
What is SPX current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SPXC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SPXC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SPXC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SPXC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: SPXC is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SPXC's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Gene Lowe (52 yo)
Mr. Eugene Joseph Lowe, III, also known as Gene, has been the Chief Executive Officer and President at SPX Corporation since September 26, 2015. Mr. Lowe is responsible for managing the day-to-day operatio ...
CEO Compensation Analysis
Compensation vs Market: Gene's total compensation ($USD7.61M) is above average for companies of similar size in the US market ($USD4.48M).
Compensation vs Earnings: Gene's compensation has increased by more than 20% in the past year.
|President of South Africa & Global Operations||5.17yrs||US$2.06m||0.13% |
|VP, General Counsel & Secretary||5.08yrs||US$1.51m||0.20% |
|President of Heating||no data||US$1.68m||0.17% |
|CFO, VP & Treasurer||0.17yr||no data||no data|
|Chief Accounting Officer||15.83yrs||no data||0.12% |
|Vice President of Investor Relations & Communications||no data||no data||no data|
|Vice President of Global Marketing & Business Development||no data||no data||no data|
|VP & Chief Human Resources Officer||5.5yrs||US$1.16m||0.11% |
|Chief Commercial Officer||7.17yrs||no data||no data|
|President of Genfare Business||1.58yrs||no data||no data|
|President of Transformer Solutions||5.75yrs||no data||0.13% |
Experienced Management: SPXC's management team is seasoned and experienced (5.2 years average tenure).
|Independent Non-Executive Chairman||5.08yrs||US$340.03k||0.063% |
|Independent Director||3.25yrs||US$208.03k||0.028% |
|Independent Director||5.08yrs||US$225.03k||0.063% |
|Independent Director||5.25yrs||US$220.03k||0.063% |
|Independent Director||5.08yrs||US$235.03k||0.063% |
|Independent Director||5.08yrs||US$205.03k||0.063% |
|Independent Director||1yr||US$87.77k||0.0037% |
Experienced Board: SPXC's board of directors are considered experienced (5.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SPXC insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
SPX Corporation's company bio, employee growth, exchange listings and data sources
- Name: SPX Corporation
- Ticker: SPXC
- Exchange: NYSE
- Founded: 1912
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: US$2.093b
- Shares outstanding: 44.69m
- Website: https://www.spx.com
Number of Employees
- SPX Corporation
- 13320-A Ballantyne Corporate Place
- North Carolina
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SPXC||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Oct 1998|
|SPW||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Oct 1998|
SPX Corporation supplies infrastructure equipment serving the heating, ventilation and cooling (HVAC), detection and measurement, power transmission and generation, and industrial markets in the United Sta ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/28 00:56|
|End of Day Share Price||2020/10/27 00:00|
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.