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Spirax-Sarco Engineering plc (SPX.L)

GBp6,650.00 +65.00 (+0.99%)
GB LSE Industrials Industrial - Machinery
Address Charlton House GL53 8ER
Cheltenham, GB
CEO Nimesh Balvir Patel
IPO 1988-07-01
ISIN GB00BWFGQN14

Explore sections of this company profile

Also trades on London Stock Exchange · SPX.L (GBp) Other OTC · SPXSF (USD) Other OTC · SPXSY (USD)
Description

Spirax-Sarco Engineering plc, founded in 1888 and headquartered in Cheltenham, UK, delivers sophisticated engineered solutions across several core technological domains. The company specializes in comprehensive industrial and commercial steam systems, offering products and solutions for condensate management, process control, and thermal energy optimization, which are crucial for diverse applications like heating, curing, cleaning, sterilization, hot water generation, space heating, and humidification. Additionally, Spirax-Sarco provides electrical process heating and temperature management solutions, encompassing industrial heaters, advanced heat tracing systems, and various component technologies tailored for industrial processes. Its expertise also extends to fluid path technologies, featuring peristaltic and niche pumps, associated tubing, and specialized filling systems, particularly for single-use applications. Spirax-Sarco serves a broad spectrum of industries, including food and beverage, pharmaceuticals and biotechnology, oil and gas, chemicals, healthcare, power generation, commercial buildings, mining, water and wastewater treatment, and pulp and paper, alongside original equipment manufacturers. The company distributes its offerings both directly and through a network of partners, maintaining a significant global footprint across Europe, the Middle East, Africa, the Asia Pacific region, and the Americas.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
GBp6,650.00 +65.00 (+0.99%)
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Volume Profile
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Liquidity & share structure
Average Volume
193.6K
Beta
1.15
Float Shares
72.63M
Free Float %
98.4%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.36% -1.76% -2.83% -11.89% +3.88% +2.13% +24.15% -36.25% -45.27% +101.88% +1,159.49%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
6,650.00
DCF (Unlevered) 7,099.34 +6.8%
DCF (Levered) 4,581.32 -31.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 4 +1
Buy 5 0
Hold 8 0
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
5.05
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Industrial - Machinery: +7.4%
    +2.3% Q4'25: +5.9% (vs Q4'23)
  • EPS growth Industrial - Machinery: +15.6%
    -14.7% Q4'25: +0.0% (vs Q4'23)
  • FCF margin FCF growth · Industrial - Machinery: +38.2%
    +13.7% Q4'25: +18.2% (vs Q4'23)
  • EBIT margin Industrial - Machinery: +10.0%
    +17.9% Q4'25: +18.6% (vs Q4'23)
  • ROIC Industrial - Machinery: +6.8%
    +11.8% Q4'25: +25.4% (vs Q4'23)
  • Share dilution Industrial - Machinery: +0.0%
    +0.0% Q4'25: -0.1% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Industrial - Machinery: -0.65×
    2.51× Q4'25: 1.19× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.15) × ERP
WACC = 83% × Ke + 17% × Kd (4.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 7,099.34 Current price: 6,650.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2000
actual
Dec 2001
actual
Dec 2002
actual
Dec 2003
actual
Dec 2004
actual
Dec 2005
actual
Dec 2006
actual
Dec 2007
actual
Dec 2008
actual
Dec 2009
actual
Dec 2010
actual
Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
16 Rev. Ana.
13 EPS Ana.
Dec 2027
15 Rev. Ana.
13 EPS Ana.
Dec 2028
6 Rev. Ana.
9 EPS Ana.
Dec 2029
11 Rev. Ana.
11 EPS Ana.
Revenue
278.15M
est: 277.92M (+0.1%)
291.94M
est: 293.94M (-0.7%)
296.36M
est: 297.85M (-0.5%)
314.09M
est: 316.32M (-0.7%)
315.99M
est: 327.23M (-3.4%)
349.10M
est: 348.29M (+0.2%)
384.25M
est: 384.07M (+0.0%)
417.32M
est: 416.79M (+0.1%)
502.32M
est: 493.53M (+1.8%)
518.71M
est: 522.30M (-0.7%)
589.75M
est: 588.41M (+0.2%)
649.99M
est: 650.15M (0.0%)
661.72M
est: 673.09M (-1.7%)
689.39M
est: 708.93M (-2.8%)
678.28M
est: 689.18M (-1.6%)
667.20M
est: 669.96M (-0.4%)
757.40M
est: 751.26M (+0.8%)
998.70M
est: 980.36M (+1.9%)
1.15B
est: 1.14B (+0.8%)
1.24B
est: 1.24B (+0.6%)
1.19B
est: 1.20B (-0.2%)
1.34B
est: 1.35B (-0.5%)
1.61B
est: 1.58B (+2.2%)
1.68B
est: 1.66B (+1.4%)
1.67B
est: 1.66B (+0.0%)
1.70B
est: 1.68B (+1.4%)
1.76B
1.74B – 1.82B
+5.0% YoY
1.86B
1.81B – 1.93B
+5.5% YoY
1.96B
1.92B – 2.03B
+5.3% YoY
2.01B
1.96B – 2.08B
+2.5% YoY
EBITDA
54.43M
est: 53.38M (+2.0%)
54.23M
est: 51.08M (+6.1%)
55.36M
est: 48.13M (+15.0%)
60.02M
est: 53.39M (+12.4%)
62.83M
est: 58.24M (+7.9%)
70.95M
est: 66.74M (+6.3%)
78.48M
est: 78.29M (+0.2%)
86.71M
est: 86.71M (0.0%)
101.00M
est: 102.90M (-1.8%)
98.11M
est: 113.18M (-13.3%)
145.50M
est: 109.79M (+32.5%)
154.97M
est: 163.86M (-5.4%)
153.51M
est: 159.74M (-3.9%)
167.15M
est: 162.35M (+3.0%)
168.54M
est: 168.37M (+0.1%)
168.10M
est: 168.68M (-0.3%)
206.00M
est: 187.87M (+9.7%)
257.80M
est: 264.71M (-2.6%)
356.30M
est: 322.83M (+10.4%)
316.70M
est: 363.55M (-12.9%)
324.30M
est: 294.80M (+10.0%)
392.00M
est: 315.02M (+24.4%)
402.10M
est: 332.71M (+20.9%)
390.60M
est: 411.33M (-5.0%)
378.30M
est: 392.77M (-3.7%)
407.50M
est: 416.47M (-2.2%)
437.12M
431.02M – 451.24M
+5.0% YoY
461.08M
447.68M – 479.17M
+5.5% YoY
485.61M
475.07M – 503.03M
+5.3% YoY
497.96M
487.15M – 515.82M
+2.5% YoY
EBIT
43.58M
est: 45.23M (-3.6%)
42.43M
est: 45.90M (-7.6%)
43.42M
est: 41.34M (+5.0%)
46.86M
est: 45.14M (+3.8%)
49.80M
est: 47.38M (+5.1%)
58.66M
est: 54.39M (+7.9%)
66.48M
est: 60.87M (+9.2%)
73.86M
est: 67.17M (+10.0%)
86.64M
est: 80.87M (+7.1%)
79.56M
est: 85.04M (-6.4%)
125.08M
est: 86.95M (+43.9%)
149.86M
est: 134.14M (+11.7%)
128.54M
est: 134.07M (-4.1%)
145.08M
est: 132.78M (+9.3%)
145.94M
est: 142.57M (+2.4%)
145.10M
est: 146.12M (-0.7%)
175.40M
est: 159.75M (+9.8%)
217.10M
est: 225.69M (-3.8%)
300.20M
est: 233.84M (+28.4%)
244.30M
est: 321.42M (-24.0%)
250.20M
est: 235.26M (+6.3%)
324.30M
est: 251.40M (+29.0%)
324.40M
est: 265.52M (+22.2%)
293.60M
est: 323.08M (-9.1%)
297.90M
est: 326.54M (-8.8%)
305.30M
est: 327.11M (-6.7%)
343.33M
338.54M – 354.42M
+5.0% YoY
362.15M
351.63M – 376.36M
+5.5% YoY
381.42M
373.14M – 395.10M
+5.3% YoY
391.12M
382.63M – 405.15M
+2.5% YoY
Net Income
26.37M
est: 29.76M (-11.4%)
26.04M
est: 27.92M (-6.7%)
26.13M
est: 26.45M (-1.2%)
28.64M
est: 27.59M (+3.8%)
32.31M
est: 29.59M (+9.2%)
38.04M
est: 34.59M (+10.0%)
43.92M
est: 41.90M (+4.8%)
49.10M
est: 47.64M (+3.1%)
59.55M
est: 58.14M (+2.4%)
52.96M
est: 62.70M (-15.5%)
86.46M
est: 60.24M (+43.5%)
93.05M
est: 95.58M (-2.6%)
90.04M
est: 96.28M (-6.5%)
102.10M
est: 95.07M (+7.4%)
100.33M
est: 99.02M (+1.3%)
96.56M
est: 98.99M (-2.5%)
121.10M
est: 108.01M (+12.1%)
157.60M
est: 156.99M (+0.4%)
223.10M
est: 185.28M (+20.4%)
166.60M
est: 239.75M (-30.5%)
173.60M
est: 159.98M (+8.5%)
234.60M
est: 170.95M (+37.2%)
224.70M
est: 210.50M (+6.7%)
183.60M
est: 191.90M (-4.3%)
191.20M
est: 213.71M (-10.5%)
163.40M
est: 220.50M (-25.9%)
241.61M
229.92M – 253.30M
+9.6% YoY
265.32M
247.55M – 283.08M
+9.8% YoY
289.90M
281.71M – 303.41M
+9.3% YoY
310.98M
302.21M – 325.48M
+7.3% YoY
SGA
est: 97.55M (-100.0%)
est: 106.08M (-100.0%)
est: 109.03M (-100.0%)
est: 115.97M (-100.0%)
est: 123.10M (-100.0%)
est: 126.98M (-100.0%)
est: 143.68M (-100.0%)
est: 153.02M (-100.0%)
est: 175.01M (-100.0%)
est: 183.16M (-100.0%)
est: 204.58M (-100.0%)
est: 222.86M (-100.0%)
est: 227.86M (-100.0%)
235.17M
est: 240.84M (-2.4%)
233.35M
est: 225.39M (+3.5%)
230.90M
est: 229.70M (+0.5%)
264.60M
est: 259.45M (+2.0%)
349.00M
est: 342.11M (+2.0%)
400.20M
est: 412.77M (-3.0%)
170.00M
est: 439.74M (-61.3%)
146.00M
est: 421.27M (-65.3%)
159.60M
est: 450.16M (-64.5%)
246.10M
est: 475.44M (-48.2%)
626.40M
est: 213.96M (+192.8%)
1.90M
est: 216.25M (-99.1%)
est: 216.63M (-100.0%)
227.38M
224.20M – 234.72M
+5.0% YoY
239.84M
232.87M – 249.25M
+5.5% YoY
252.60M
247.12M – 261.66M
+5.3% YoY
259.02M
253.40M – 268.31M
+2.5% YoY
EPS
0.38
est: 0.42 (-10.0%)
0.38
est: 0.41 (-7.6%)
0.38
est: 0.38 (-0.4%)
0.41
est: 0.42 (-2.4%)
0.46
est: 0.47 (-2.9%)
0.54
est: 0.54 (-0.4%)
0.62
est: 0.63 (-1.0%)
0.70
est: 0.69 (+0.8%)
0.84
est: 0.86 (-2.3%)
0.75
est: 0.87 (-14.0%)
1.21
est: 1.18 (+2.3%)
1.29
est: 1.34 (-4.0%)
1.24
est: 1.37 (-9.8%)
1.38
est: 1.47 (-6.4%)
1.38
est: 1.49 (-7.1%)
1.30
est: 1.39 (-6.5%)
1.65
est: 1.67 (-1.0%)
2.14
est: 2.13 (+0.7%)
3.03
est: 2.50 (+21.2%)
2.26
est: 2.59 (-12.8%)
2.36
est: 2.44 (-3.3%)
3.18
est: 3.27 (-2.8%)
3.05
est: 3.66 (-16.6%)
2.49
est: 2.61 (-4.5%)
2.59
est: 2.87 (-9.6%)
2.22
est: 2.88 (-23.0%)
3.19
3.11 – 3.43
+10.6% YoY
3.57
3.35 – 3.83
+11.8% YoY
3.92
3.81 – 4.11
+9.9% YoY
4.21
4.09 – 4.40
+7.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B 3/5 3/5 4/5 4/5 2/5 2/5 2/5
2026-05-28 B 3/5 3/5 4/5 4/5 2/5 2/5 2/5
2026-05-27 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5
2026-05-26 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5
2026-05-22 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5
2026-05-21 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5
2026-05-20 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5
2026-05-19 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5
2026-05-18 B+ 3/5 3/5 4/5 5/5 2/5 2/5 2/5
2026-05-15 B 3/5 3/5 4/5 5/5 1/5 2/5 2/5
2026-05-14 B 3/5 3/5 4/5 5/5 1/5 2/5 2/5
2026-05-13 B 3/5 3/5 4/5 5/5 1/5 2/5 2/5
2026-05-12 B 3/5 3/5 4/5 5/5 1/5 2/5 2/5
2026-05-11 B 3/5 3/5 4/5 5/5 1/5 2/5 2/5
2026-05-08 B 3/5 3/5 4/5 5/5 1/5 2/5 2/5
2026-05-07 B 3/5 3/5 4/5 5/5 1/5 2/5 2/5
2026-05-06 B 3/5 3/5 4/5 5/5 1/5 2/5 2/5
2026-05-05 B 3/5 3/5 4/5 5/5 1/5 2/5 2/5
2026-05-01 B 3/5 3/5 4/5 5/5 1/5 2/5 2/5
2026-04-30 B 3/5 3/5 4/5 5/5 1/5 2/5 2/5
2026-04-29 B 3/5 3/5 4/5 5/5 1/5 2/5 2/5
2026-04-28 B 3/5 3/5 4/5 5/5 1/5 2/5 2/5
2026-04-27 B 3/5 3/5 4/5 5/5 1/5 2/5 2/5
2026-04-24 B 3/5 3/5 4/5 5/5 1/5 2/5 2/5
2026-04-23 B 3/5 3/5 4/5 5/5 1/5 2/5 2/5
2026-04-22 B 3/5 3/5 4/5 5/5 1/5 2/5 2/5
2026-04-21 B 3/5 3/5 4/5 5/5 1/5 2/5 2/5
2026-04-20 B 3/5 3/5 4/5 5/5 1/5 2/5 2/5
2026-04-17 B 3/5 3/5 4/5 5/5 1/5 2/5 2/5
2026-04-16 B 3/5 3/5 4/5 5/5 1/5 2/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
488.47M
OE per share TTM
6.60
Owner's Yield
9.51%
Maintenance CapEx ratio
6.19%
Maint CapEx / Avg PPE
28.2%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
2
Total invested
4.34M
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2025 Q4
Investors holding
2
+1 vs prev Q
New positions
1
Closed positions
0
Increased
1
Reduced
0
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 39.2K +39.2K (+100.0%) 3.60B +3.6B (+100.0%) 0.05% +0.053 pp 3.07% +3.066 pp GBp6,820.00 +0.0% 1 qtrs NEW
2 EVERETT HARRIS & CO /CA/ 8.0K +— (+0.0%) 733.9K -117.0 (0.0%) 0.01% +0.000 pp 0.01% 0.000 pp GBp6,180.00 +10.4% 4 qtrs
Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock Held by 260 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 VanEck Morningstar International Moat ETF MOTI 2.48% 1.74M 0.58%
2 VanEck Morningstar Global Wide Moat UCITS ETF GOAT.L 1.86% 3.16M 0.52%
3 VanEck Morningstar Global Wide Moat ETF MOTG 1.85% 324.6K 0.52%
4 State Street SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) UKDV.L 1.65% 2.35M 0.30%
5 iShares Smart City Infrastructure UCITS ETF CITY.AS 0.92% 3.84M 0.40%
6 iShares Smart City Infrastructure UCITS ETF CT2B.AS 0.92% 453.7K 0.40%
7 WisdomTree UK Quality Dividend Growth UCITS ETF - GBP UGRW.L 0.88% 95.4K 0.29%
8 UBS MSCI United Kingdom IMI Socially Responsible UCITS ETF GBP dis UKSR.L 0.47% 4.98M 0.23%
9 Fidelity MoneyBuilder Dividend Fund 0P0000VE06.L 0.45% 2.41M 0.67%
10 iShares MSCI Europe Mid-Cap Equal Weight UCITS ETF IEFS.L 0.44% 168.9K 0.25%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
30.7K
Shares Outstanding
73.80M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Nimesh Patel Group Chief Executive Officer & Executive Director 2M male
Louisa Sachiko Burdett Chief Financial Officer & Executive Director 1M female
Celine Arlette Virginie Barroche Group General Counsel & Company Secretary female
Dan Harvey Head of Internal Audit male
Darren Towers Head of Inclusion, Diversity & Wellbeing male
Jennifer Forrester Head of Employee Experience female
Jim Devine Group Human Resources Director male
Maurizio Preziosa Managing Director of Steam Thermal Solutions male
Sarah Peers Group Director of Sustainability female
Andrew Mines Managing Director of Electric Thermal Solutions male
Stuart Roby Managing Director of Watson-Marlow Fluid Technology Solutions male
Carmen Janse van Rensburg Head of Internal Audit
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits