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

Company Overview

Spirax-Sarco Engineering rebrands as Spirax Group On 22 February 2024, Spirax-Sarco Engineering changed its name to Spirax Group which reflects the Company’s evolution over many years to a larger and stronger Group of three aligned Businesses with differentiated and complementary capabilities. Our new name respects our history and where we have come from, with who we are today. It creates more distinction between the Group and its Spirax Sarco trading Division (part of Steam Thermal Solutions), providing improved clarity for all stakeholders. At our Annual General Meeting (AGM) on 15 May 2024, our shareholders voted in favour of approving the change of our legally registered name, from Spirax-Sarco Engineering plc to Spirax Group plc. The process completed on 3 June 2024. Shareholders should note that their shareholdings will be unaffected by the commercial rebrand or legal name change. There is no impact on the Group's financial reporting and the Group will retain the stock market ticker SPX. About Spirax Group Spirax Group is positioned to play a critical role in enabling the industrial transition to net zero, aligned to our Purpose to create sustainable value for all our stakeholders as we engineer a more efficient, safer and sustainable world. We put solving customers’ problems at the heart of our ‘total solutions’ approach. Our global thermal energy and fluid technology solutions improve operating efficiency and safety in our customers’ critical industrial processes. Our recently launched new-to-world decarbonisation* solutions use proprietary technologies to electrify boilers, for the raising of steam, as well as the electrification of other critical industrial process heating applications. Spirax Group comprises three strong and aligned Businesses: Steam Thermal Solutions helps customers control and manage steam within their mission critical industrial applications, such as cleaning, sterilising, cooking and heating. We are helping to put food safely on the world’s tables and keeping our hospitals running. Electric Thermal Solutions has proprietary technologies that deliver electrification solutions at scale in industrial settings, including for the raising of steam, supporting our customers to achieve their net zero goals. We also deliver freeze protection and defrost solutions critical to aviation and space industries and ensure thermal uniformity in semiconductor chip manufacturing to power the critical electronic systems we rely on. Watson‐Marlow Fluid Technology Solutions is engineering vital fluid technology solutions that optimise the efficient use of resources and support advancements in global health, such as lifesaving vaccines and gene therapies. Spirax Group is headquartered in Cheltenham (UK). We have 37 strategically located manufacturing plants around the world and are committed to building a safe and inclusive working culture for our 10,000 colleagues, operating in 66 countries and serving 110,000 customers globally. We aim to create sustainable value for all our stakeholders, with an excellent track record for growth and returns that has delivered 55 years of consecutive annual dividend growth. The Company's shares have been listed on the London Stock Exchange since 1959 (symbol: SPX) and we are a constituent of the FTSE 100 and the FTSE4Good Indexes. * Eliminates scopes 1 and 2 greenhouse gas emissions when connected to a green electricity source.

Key Stats

• Today's Range: 6,760 to 6,845
• 50-Day Range: 6,370 to 7,515
• 52-Week Range: 6,350 to £112.80
• Volume: 26,495 shs
• Average Volume: 247,786 shs
• Market Capitalization: £5.04 billion
• P/E Ratio: 2,630.77
• Dividend Yield: 2.37%
• Price Target: GBX 8,672.50
• Consensus Rating: Reduce

Spirax-Sarco Engineering Stock Analysis - MarketRank™

Spirax-Sarco Engineering scored higher than 27% 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 1 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 2,630.77, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 113.19.

Price to Earnings Ratio vs. Sector

The P/E ratio of Spirax-Sarco Engineering is 2,630.77, which means that it is trading at a more expensive P/E ratio than the Industrials sector average P/E ratio of about 371.15.

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 4.35. 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: 2.8 / 5
• Environmental Score: -2.63

Short Interest

There is no current short interest data available for SPX.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: 0.00

News Coverage This Week

MarketBeat has tracked 2 news articles for Spirax-Sarco Engineering this week, compared to 1 article on an average week.

Search Interest

18 people have searched for SPX on MarketBeat in the last 30 days. This is an increase of 157% 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 at the beginning of 2024. Since then, SPX stock has decreased by 34.9% and is now trading at GBX 6,840.
View the best growth stocks for 2024 here.

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

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

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: 12/24/2024

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: +28.4%
• 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: 2,598.08
• Forward P/E Ratio: 20.19
• 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: 3.00
• Cash Flow: GBX 245.78 per share
• Price / Cash Flow: 27.48
• Book Value: GBX 1,573 per share
• Price / Book: 4.29

Miscellaneous

• Outstanding Shares: 73,640,000
• Free Float: N/A
• Market Cap: £4.97 billion
• Optionable: Not Optionable
• Beta: 0.68