Spirax Group (SPX)

Sector:

Engineering

Index:

FTSE 100

6,160.00p
   
  • Change Today:
    -15.00p
  • 52 Week High: 9,060.00
  • 52 Week Low: 5,445.00
  • Currency: UK Pounds
  • Shares Issued: 73.78m
  • Volume: 12,032
  • Market Cap: £4,544.60m
  • RiskGrade: 124
  • Beta: 0.03

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Annualisation Factor 1.0 1.0 1.0 n/a 1.0
Dividend Yield 2.4% 1.5% 1.4% 0.0% 1.0%
           
Continuing Operations          
PE Ratio - Adjusted 23.9 33.6 28.1 4,691.8 44.0
PE Ratio - Diluted 26.5
23.6		 42.2
31.4		 34.9
27.8		 5,008.0
47.5		 48.1
51.3
PEG - Adjusted n/a n/a 0.0 n/a n/a
PEG - Diluted 6.6
n/a		 n/a
n/a		 0.0
2.1		 n/a
0.9		 12.0
n/a
Return on Capital Employed 24.92%
26.86%		 19.35%
23.63%		 26.90%
30.83%		 0.36%
0.39%		 33.45%
32.75%
Operating Margin 18.17%
19.59%		 16.90%
20.64%		 19.13%
22.68%		 23.87%
25.31%		 20.86%
20.43%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 23.9 33.6 28.1 464,809.1 44.0
PE Ratio - Diluted 26.5
23.6		 42.2
31.4		 34.9
27.8		 496,137.9
4,705.8		 48.1
51.3
PEG - Adjusted n/a n/a 0.0 n/a n/a
PEG - Diluted 6.6
n/a		 n/a
n/a		 0.0
0.0		 n/a
n/a		 12.0
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Net Gearing 57.19% 86.96% 64.64% 18.89% 30.88%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Price/Book Value 42.4 272.2 (231.1) 34.5 54.3
Price/Tangible Book Value 42.6 280.1 (225.8) 34.6 54.7
Price/ Cash Flow 16.2 25.9 32.4 43.3 32.1
Price/Revenue 3.03 4.60 4.85 871.60 6.98
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 161.60p 38.59p (45.92p) 465.54p 208.00p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Continuing Operations          
Revenue 1,665.20 1,682.60 1,610.60 13.57 1,193.40
EBITDA 302.60
326.20		 284.40
347.30		 308.10
365.30		 3.86
3.84		 324.40
319.20
Depreciation n/a
n/a		 n/a
n/a		 n/a
n/a		 (0.62)
(0.40)		 (75.40)
(75.40)
Net Interest (43.70)
(43.70)		 (39.90)
(39.90)		 n/a
n/a		 (0.06)
(0.06)		 (8.70)
(8.70)
Profit Before Tax 258.90
282.50		 244.50
307.40		 308.10
365.30		 3.17
3.37		 240.10
234.90
           
Revenue per Share 2,259.43p 2,286.14p 2,188.32p 18.41p 1,619.27p
Pre-Tax Profit per Share 351.29p
383.31p		 332.20p
417.66p		 418.61p
496.33p		 4.31p
4.57p		 325.78p
318.73p
Market Capitalisation £ (Millions) 5,052.14 7,731.68 7,831.33 11,839.45 8,331.87
Enterprise Value (EV) £ (Millions) 5,991.93 8,766.08 8,822.33 12,249.15 8,801.07
EBITDA/EV 5.05%
5.44%		 3.24%
3.96%		 3.49%
4.14%		 0.03%
0.03%		 3.69%
3.63%
Operating Margin 18.17%
19.59%		 16.90%
20.64%		 19.13%
22.68%		 23.87%
25.31%		 20.86%
20.43%
Capital Employed £ (Millions) 1,214.50 1,469.90 1,185.00 891.60 743.80
Return on Capital Employed 24.92%
26.86%		 19.35%
23.63%		 26.90%
30.83%		 0.36%
0.39%		 33.45%
32.75%
Invested Equity Capital £ (Millions) 1,278.70 1,232.70 1,303.30 1,092.30 932.70
           
Earnings per Share - Basic 259.60p
291.72p		 249.50p
335.46p		 305.10p
383.02p		 3.21p
338.81p		 235.50p
220.62p
Earnings per Share - Diluted 258.90p
290.93p		 248.90p
334.55p		 304.40p
381.98p		 3.21p
337.89p		 234.80p
220.03p
Earnings per Share - Adjusted 286.30p 312.40p 377.20p 3.42p 256.60p
Earnings per Share Growth - Basic 4%
-13%		 -18%
-12%		 9,396%
13%		 -99%
54%		 4%
-17%
Earnings per Share Growth - Diluted 4%
-13%		 -18%
-12%		 9,398%
13%		 -99%
54%		 4%
-17%
Earnings per Share Growth - Adjusted -8% -17% 10,926% -99% -3%
PE Ratio - Diluted 26.5
23.6		 42.2
31.4		 34.9
27.8		 5,008.0
47.5		 48.1
51.3
PEG - Diluted 6.6
n/a		 n/a
n/a		 0.0
2.1		 n/a
0.9		 12.0
n/a
Tax Rate 26.07% 24.74% 26.97% 25.31% 27.55%
Dividend Cover 1.74
1.77		 1.95
2.10		 2.48
2.52		 2.49
246.80		 2.17
1.87
Interest Cover (18.92)
(20.73)		 (20.64)
(26.20)		 n/a
n/a		 33.09
35.07		 24.77
24.26
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 259.60p
291.72p		 249.50p
335.46p		 305.10p
383.02p		 0.032p
3.42p		 235.50p
220.62p
Earnings per Share - Diluted 258.90p
290.93p		 248.90p
334.55p		 304.40p
381.98p		 0.032p
3.41p		 234.80p
220.03p
Earnings per Share - Adjusted 286.30p 312.40p 377.20p 0.035p 256.60p
Earnings per Share Growth - Basic 4%
-13%		 -18%
-12%		 940,655%
11,100%		 -100%
-98%		 4%
-17%
Earnings per Share Growth - Diluted 4%
-13%		 -18%
-12%		 940,862%
11,100%		 -100%
-98%		 4%
-17%
Earnings per Share Growth - Adjusted -8% -17% 1,092,274% -100% -3%
PE Ratio - Diluted 26.5
23.6		 42.2
31.4		 34.9
27.8		 496,137.9
4,705.8		 48.1
51.3
PEG - Diluted 6.6
n/a		 n/a
n/a		 0.0
0.0		 n/a
n/a		 12.0
n/a
Dividend Cover 1.74
1.77		 1.95
2.10		 2.48
2.52		 0.03
2.49		 2.17
1.87
Return on Equity (ROE) 14.97%
16.81%		 14.93%
20.03%		 17.24%
21.63%		 0.22%
0.23%		 18.61%
17.43%
Operating Cash Flow per Share 424.42p 405.71p 327.58p 3.75p 351.70p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 44.10p (22.15p) 22.83p 0.019p 75.44p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 165.00p 160.00p 152.00p 1.37p 118.00p
Dividend per Share Growth 3.13% 5.26% 10,972.36% (98.84%) 7.27%
Dividend Yield 2.4% 1.5% 1.4% 0.0% 1.0%
Shareholders Funds 1,208.80 1,156.90 1,169.00 1,009.00 851.30
Net Borrowings £ (Millions) 691.30 754.80 755.60 190.60 262.90
Net Asset Value per Share (inc. Intangibles) 161.06p 37.50p (47.01p) 464.18p 206.65p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Shareholders' Funds inc Intangibles 1,208.80 1,156.90 1,169.00 1,009.00 851.30
Net Borrowings £ (Millions) 691.30 754.80 755.60 190.60 262.90
Net Gearing 57.19% 86.96% 64.64% 18.89% 30.88%
Cash & Near Cash 334.20 359.70 328.90 274.60 246.20
Cash 27.65% 31.09% 28.14% 27.22% 28.92%
Gross Borrowings 1,025.50 1,114.50 1,084.50 465.20 509.10
Gross Gearing 84.84% 118.05% 92.77% 46.11% 59.80%
Borrowings Under 5 years 1,025.50 1,114.50 1,084.50 465.20 509.10
Under 5 years 84.84% 96.34% 92.77% 46.11% 59.80%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Shareholders' Funds exc Intangibles 118.70 27.60 (34.60) 342.10 152.30
Net Borrowings £ (Millions) 691.30 754.80 755.60 190.60 262.90
Net Gearing 582.39% 3,644.93% n/a 55.71% 172.62%
Cash & Near Cash 334.20 359.70 328.90 274.60 246.20
Cash 281.55% 1,303.26% (950.58%) 80.27% 161.65%
Gross Borrowings 1,025.50 1,114.50 1,084.50 465.20 509.10
Gross Gearing 863.94% 4,948.19% 3,134.40% 135.98% 334.27%
Borrowings Under 5 years 1,025.50 1,114.50 1,084.50 465.20 509.10
Under 5 years 863.94% 4,038.05% (3,134.40%) 135.98% 334.27%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Quick Ratio 1.38 1.63 1.20 1.58 2.25
Current Ratio 1.85 2.26 1.65 2.11 3.04

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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