Spirax-Sarco Engineering PLC

Chart & Performance

D1W1MN

P/E

13.84

P/S

1.51

EPS

2.50

Div Yield, %

3.60%

Shrs. gr., 5y

—

Rev. gr., 5y

7.85%

Revenues

1.68b

+4.47%

Net income

184m

-18.29%

CFO

299m

+29.15%

Dividend

Oct 18, 20240.26806 USD/sh

Earnings

Mar 11, 2025

Profile

Spirax-Sarco Engineering plc provides engineered solutions for the users of industrial and commercial steam systems, electrical heating and temperature management systems, and pumps and fluid path technologies. It offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating and curing, cleaning and sterilizing, hot water generation, space heating, and humidification; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes, heaters, and systems; and peristaltic and niche pumps and associated fluid path technologies, including pumps, tubing, and specialty filling systems and products for single-use applications. The company serves food, beverage, pharmaceutical and biotechnology, oil, gas, chemical, healthcare, power generation, buildings, mining and precious metal processing, water and wastewater, and pulp and paper, 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. Spirax-Sarco Engineering plc was founded in 1888 and is headquartered in Cheltenham, the United Kingdom.

URL

https://www.spiraxsarcoengineering.com/

IPO date

Jan 02, 1986

Employees

10,000

Domiciled in

Incorporated in

Valuation

Order:

Title GBP in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title GBP in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	1,682,600 4.47%	1,610,600 19.79%	1,344,500 12.66%
Cost of revenue	402,500	1,049,700	865,200
Unusual Expense (Income)
NOPBT	1,280,100	560,900	479,300
NOPBT Margin	76.08%	34.83%	35.65%
Operating Taxes	60,500	83,100	79,600
Tax Rate	4.73%	14.82%	16.61%
NOPAT	1,219,600	477,800	399,700
Net income	183,600 -18.29%	224,700 -4.22%	234,600 35.14%
Dividends	(114,500)	(103,600)	(90,700)
Dividend yield	1.48%	1.32%	0.76%
Proceeds from repurchase of equity	(10,800)	(19,000)	(24,600)
BB yield	0.14%	0.24%	0.21%
Debt
Debt current	165,000	302,100	126,400
Long-term debt	1,054,800	782,400	338,800
Deferred revenue		51,100	48,900
Other long-term liabilities	70,400	67,100	50,900
Net debt	857,100	1,458,900	601,800
Cash flow
Cash from operating activities	298,600	231,200	268,300
CAPEX	(84,000)	(117,500)	(64,100)
Cash from investing activities	(95,700)	(576,600)	(62,100)
Cash from financing activities	(219,200)	362,200	(204,800)
FCF	1,142,600	251,000	334,600
Balance
Cash	359,700	328,900	274,600
Long term investments	3,000	(703,300)	(411,200)
Excess cash	278,570
Stockholders' equity	1,140,900	1,103,200	943,000
Invested Capital	2,072,630	2,281,000	1,493,000
ROIC	56.03%	25.32%	27.27%
ROCE	52.91%	23.28%	30.44%
EV
Common stock shares outstanding	73,800	73,800	73,900
Price	105.05 -1.04%	106.15 -33.86%	160.50 42.10%
Market cap	7,752,690 -1.04%	7,833,870 -33.95%	11,860,950 42.10%
EV	8,610,590	9,293,570	12,463,750
EBITDA	1,377,100	639,400	548,300
EV/EBITDA	6.25	14.53	22.73
Interest	51,200	15,500	8,500
Interest/NOPBT	4.00%	2.76%	1.77%