Spirax-Sarco Engineering (SPX) Share Price, News & Analysis

Company Overview

Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications. It serves pharmaceutical and biotechnology, food, beverage, oil, gas, chemical, power generation, healthcare, water and wastewater, buildings, mining and precious metal processing, semiconductor, and transport sectors, as well as original equipment manufacturers. The company sells its products directly, as well as through distributors. It operates in Europe, the Middle East, and Africa; the Asia Pacific; and the Americas. The company was founded in 1888 and is headquartered in Cheltenham, the United Kingdom.

Key Stats

• Today's Range: 6,400 to 6,525
• 50-Day Range: 6,370 to 7,645
• 52-Week Range: 6,350 to £112.80
• Volume: 952,557 shs
• Average Volume: 248,874 shs
• Market Capitalization: £4.78 billion
• P/E Ratio: 2,498.08
• Dividend Yield: 2.49%
• Price Target: GBX 8,672.50
• Consensus Rating: Reduce

Spirax-Sarco Engineering Stock Analysis - MarketRank™

Spirax-Sarco Engineering scored higher than 43% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.9 / 5
• Analyst Rating: Reduce

Consensus Rating

Spirax-Sarco Engineering has received a consensus rating of Reduce. The company's average rating score is 1.71, and is based on 1 buy rating, 3 hold ratings, and 3 sell ratings.

Amount of Analyst Coverage

Spirax-Sarco Engineering has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Spirax-Sarco Engineering is 2,496.15, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 124.79.

Price to Earnings Ratio vs. Sector

The P/E ratio of Spirax-Sarco Engineering is 2,496.15, which means that it is trading at a more expensive P/E ratio than the Industrials sector average P/E ratio of about 530.58.

Price to Earnings Growth Ratio

Spirax-Sarco Engineering has a PEG Ratio of 2.20. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Spirax-Sarco Engineering has a P/B Ratio of 4.13. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for SPX.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Spirax-Sarco Engineering pays a meaningful dividend of 2.36%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Spirax-Sarco Engineering does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Spirax-Sarco Engineering is 6,230.77%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: 3.0 / 5
• Environmental Score: -2.14

Short Interest

There is no current short interest data available for SPX.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.12

News Sentiment

Spirax-Sarco Engineering has a news sentiment score of 1.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.42 average news sentiment score of Industrials companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Spirax-Sarco Engineering this week, compared to 1 article on an average week.

Search Interest

Only 5 people have searched for SPX on MarketBeat in the last 30 days. This is a decrease of -64% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Spirax-Sarco Engineering insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.73% of the stock of Spirax-Sarco Engineering is held by insiders.

Percentage Held by Institutions

80.37% of the stock of Spirax-Sarco Engineering is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SPX Stock Analysis - Frequently Asked Questions

How have SPX shares performed this year?

Spirax-Sarco Engineering's stock was trading at £105.05 on January 1st, 2024. Since then, SPX stock has decreased by 38.2% and is now trading at GBX 6,490.
View the best growth stocks for 2024 here.

How were Spirax-Sarco Engineering's earnings last quarter?

Spirax-Sarco Engineering plc (LON:SPX) issued its quarterly earnings data on Wednesday, August, 7th. The company reported $120.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $125.20 by $5.20. Spirax-Sarco Engineering had a net margin of 11.57% and a trailing twelve-month return on equity of 16.87%.

How do I buy shares of Spirax-Sarco Engineering?

Shares of SPX stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
Compare Top Brokerages Here.

What other stocks do shareholders of Spirax-Sarco Engineering own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Spirax-Sarco Engineering investors own include Meta Platforms (META), NVIDIA (NVDA), Alibaba Group (BABA), Salesforce (CRM), Bank of America (BAC), Citigroup (C) and Chevron (CVX).

Company Calendar

• Last Earnings: 8/07/2019
• Ex-Dividend for 11/15 Dividend: 10/17/2024
• Dividend Payable: 11/15/2024
• Today: 11/21/2024

Industry, Sector and Symbol

• Stock Exchange: LON
• Sector: Industrials
• Industry: Specialty Industrial Machinery
• Sub-Industry: N/A
• Current Symbol: LON:SPX
• CUSIP: N/A
• CIK: N/A
• Web: www.spiraxsarcoengineering.com
• Phone: +44-1242-521361
• Fax: N/A
• Employees: 10,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: GBX 8,672.50
• High Stock Price Target: GBX 9,960
• Low Stock Price Target: GBX 7,000
• Potential Upside/Downside: +33.5%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.71
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): GBX 2.60
• Trailing P/E Ratio: 2,498.08
• Forward P/E Ratio: 19.41
• P/E Growth: 2.2
• Net Income: £191.90 million
• Net Margins: 11.57%
• Pretax Margin: N/A
• Return on Equity: 16.87%
• Return on Assets: 6.93%

Debt

• Debt-to-Equity Ratio: 98.81
• Current Ratio: 2.26
• Quick Ratio: 1.73

Sales & Book Value

• Annual Sales: £1.66 billion
• Price / Sales: 2.88
• Cash Flow: GBX 236.32 per share
• Price / Cash Flow: 27.48
• Book Value: GBX 1,573 per share
• Price / Book: 4.13

Miscellaneous

• Outstanding Shares: 73,640,000
• Free Float: N/A
• Market Cap: £4.78 billion
• Optionable: Not Optionable
• Beta: 0.68