SPXC Stock Overview
SPX Technologies, Inc. supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets in the United States, China, the United Kingdom, and internationally.
SPX Technologies Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$54.14|
|52 Week High||US$68.24|
|52 Week Low||US$41.66|
|1 Month Change||-8.33%|
|3 Month Change||-0.40%|
|1 Year Change||-1.10%|
|3 Year Change||34.34%|
|5 Year Change||84.53%|
|Change since IPO||135.39%|
Recent News & Updates
Is SPX Technologies, Inc. (NYSE:SPXC) Trading At A 45% Discount?
Does the September share price for SPX Technologies, Inc. ( NYSE:SPXC ) reflect what it's really worth? Today, we will...
SPX Technologies (NYSE:SPXC) Seems To Use Debt Quite Sensibly
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Is There Now An Opportunity In SPX Corporation (NYSE:SPXC)?
SPX Corporation ( NYSE:SPXC ), might not be a large cap stock, but it led the NYSE gainers with a relatively large...
|SPXC||US Machinery||US Market|
Return vs Industry: SPXC exceeded the US Machinery industry which returned -19.5% over the past year.
Return vs Market: SPXC exceeded the US Market which returned -23% over the past year.
|SPXC Average Weekly Movement||4.6%|
|Machinery Industry Average Movement||5.3%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.8%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: SPXC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: SPXC's weekly volatility (5%) has been stable over the past year.
About the Company
SPX Technologies, Inc. supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets in the United States, China, the United Kingdom, and internationally. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as boilers and comfort heating and ventilation products for the residential and commercial markets.
SPX Technologies Fundamentals Summary
|SPXC fundamental statistics|
Is SPXC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SPXC income statement (TTM)|
|Cost of Revenue||US$843.10m|
Last Reported Earnings
Jul 02, 2022
Next Earnings Date
|Earnings per share (EPS)||1.11|
|Net Profit Margin||3.89%|
How did SPXC perform over the long term?See historical performance and comparison
Is SPXC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for SPXC?
Other financial metrics that can be useful for relative valuation.
|What is SPXC's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does SPXC's PE Ratio compare to its peers?
|SPXC PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
AIN Albany International
JBT John Bean Technologies
SPXC SPX Technologies
Price-To-Earnings vs Peers: SPXC is expensive based on its Price-To-Earnings Ratio (48.6x) compared to the peer average (21.3x).
Price to Earnings Ratio vs Industry
How does SPXC's PE Ratio compare vs other companies in the US Machinery Industry?
Price-To-Earnings vs Industry: SPXC is expensive based on its Price-To-Earnings Ratio (48.6x) compared to the US Machinery industry average (18.4x)
Price to Earnings Ratio vs Fair Ratio
What is SPXC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||48.6x|
|Fair PE Ratio||38.4x|
Price-To-Earnings vs Fair Ratio: SPXC is expensive based on its Price-To-Earnings Ratio (48.6x) compared to the estimated Fair Price-To-Earnings Ratio (38.4x).
Share Price vs Fair Value
What is the Fair Price of SPXC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: SPXC ($54.14) is trading below our estimate of fair value ($101.52)
Significantly Below Fair Value: SPXC is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is SPX Technologies forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SPXC's forecast earnings growth (47.4% per year) is above the savings rate (1.9%).
Earnings vs Market: SPXC's earnings (47.4% per year) are forecast to grow faster than the US market (14.7% per year).
High Growth Earnings: SPXC's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SPXC's revenue (7.6% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: SPXC's revenue (7.6% 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 low in 3 years time (12.8%).
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How has SPX Technologies performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SPXC has a large one-off loss of $19.1M impacting its July 2 2022 financial results.
Growing Profit Margin: SPXC's current net profit margins (3.9%) are lower than last year (7.5%).
Past Earnings Growth Analysis
Earnings Trend: SPXC's earnings have grown by 2.1% per year over the past 5 years.
Accelerating Growth: SPXC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SPXC had negative earnings growth (-43.9%) over the past year, making it difficult to compare to the Machinery industry average (9.4%).
Return on Equity
High ROE: SPXC's Return on Equity (4.6%) is considered low.
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How is SPX Technologies's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: SPXC's short term assets ($778.6M) exceed its short term liabilities ($368.2M).
Long Term Liabilities: SPXC's short term assets ($778.6M) do not cover its long term liabilities ($1.0B).
Debt to Equity History and Analysis
Debt Level: SPXC's net debt to equity ratio (4.5%) is considered satisfactory.
Reducing Debt: SPXC's debt to equity ratio has reduced from 175.2% to 21.9% over the past 5 years.
Debt Coverage: SPXC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SPXC's interest payments on its debt are well covered by EBIT (8x coverage).
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What is SPX Technologies's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SPXC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SPXC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SPXC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SPXC's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: SPXC is not paying a notable dividend for the US market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as SPXC has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Gene Lowe (54 yo)
Mr. Eugene Joseph Lowe, III, also known as Gene, has been the Chief Executive Officer and President at SPX Technologies, Inc. (formerly known as SPX Corporation) since September 26, 2015. Mr. Lowe is respo...
CEO Compensation Analysis
Compensation vs Market: Gene's total compensation ($USD6.52M) is about average for companies of similar size in the US market ($USD6.92M).
Compensation vs Earnings: Gene's compensation has been consistent with company performance over the past year.
Experienced Management: SPXC's management team is seasoned and experienced (7.1 years average tenure).
Experienced Board: SPXC's board of directors are considered experienced (7 years average tenure).
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
|08 Nov 21||SellUS$6,136||Michael Reilly||Individual||92||US$66.70|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
SPX Technologies, Inc.'s employee growth, exchange listings and data sources
- Name: SPX Technologies, Inc.
- Ticker: SPXC
- Exchange: NYSE
- Founded: 1912
- Industry: Industrial Machinery
- Sector: Capital Goods
- Implied Market Cap: US$2.448b
- Shares outstanding: 45.21m
- Website: https://www.spx.com
Number of Employees
- SPX Technologies, Inc.
- 6325 Ardrey Kell Road
- Suite 400
- 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|
|SPW0||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Oct 1998|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/25 00:00|
|End of Day Share Price||2022/09/23 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.