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Spirax-Sarco Engineering PLC

Company price
50.52 USD -0.98 ( 1.90%)
Last update at 2026-11-12T14:47:00Z
VOLUME
1900
Market Cap
6858.59M
P/E
25.67

Momentum Score

…

Spirax Group plc provides thermal energy and fluid technology solutions in Europe, the Middle East, Africa, the Asia Pacific, and the Americas. 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; and designs and manufactures peristaltic and niche pumps and associated fluid path technologies, including tubing, specialised filling systems and products for single use applications. The company serves food and beverage, pharmaceutical and biotechnology, oil and gas, chemical, power generation, healthcare, buildings, water and wastewater, semiconductor, transport, original equipment manufacturers machinery, and mining and precious metal processing industries. The company was formerly known as Spirax-Sarco Engineering plc and changed its name to Spirax Group PLC in June 2024. Spirax Group PLC was founded in 1888 and is headquartered in Cheltenham, the United Kingdom.

Source: TradingView
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Day Price Range
50.50
Low
50.52
High
52 Week Price Range
42.11
Low
53.38
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High

Key Metrics*

Previous Close
51.50
Dividend Yield
2.44%
Revenue TTM
1744.50M
Revenue Per Share
11.83
Gross Profit TTM
1314.20M
Debt / Equity
0.84
ROE
16.62%
Net Debt
653.75M
ROCE
14.03%
Diluted EPS TTM
1.81

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 226.50M 258.90M 244.50M 308.10M 314.50M
Minority interest -0.20M -0.20M -0.40M -0.30M -0.30M
Net income 159.82M 191.20M 183.60M 224.70M 234.60M
Gross profit 1308.30M 1268.70M 1274.00M 1225.50M 1039.80M
Reconciled depreciation 99.30M 98.00M 97.00M 81.00M 69.00M
Ebit 293.52M 297.90M 310.40M 357.80M 322.30M
Ebitda 390.65M 370.90M 383.10M 438.80M 391.30M
Depreciation and amortization 97.12M 73.00M 72.70M 81.00M 69.00M
Operating income 265.40M 304.60M 284.40M 318.80M 320.90M
Other operating expenses 1372.06M 1360.60M 1398.20M 1258.30M 1025.60M
Interest expense 44.31M 56.70M 51.20M 16.20M 9.80M
Tax provision 62.90M 67.50M 60.50M 83.10M 79.60M
Interest income 8.70M 13.00M 11.30M 5.60M 3.40M
Net interest income -38.30M -43.70M -39.90M -10.70M -6.40M
Income tax expense 62.90M 67.50M 60.50M 83.10M 79.60M
Total revenue 1702.90M 1665.20M 1682.60M 1610.60M 1344.50M
Total operating expenses 234.35M 964.10M 989.60M 1258.30M 1025.60M
Cost of revenue 394.60M 396.50M 408.60M 385.10M 304.70M
Total other income expense net -38.90M -45.70M -39.90M -10.70M -6.40M
Net income from continuing ops 163.60M 191.40M 184.00M 225.00M 234.90M
Net income applicable to common shares - - - 224.70M 234.60M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 2656.42M 2645.00M 2708.40M 2784.90M 1863.20M
Intangible assets 395.40M 420.40M 431.60M 500.30M 255.70M
Other current assets 89.74M 58.40M 63.10M 79.60M 44.70M
Total liab 1436.27M 1435.80M 1550.70M 1615.10M 853.20M
Total stockholder equity 1219.95M 1208.80M 1156.90M 1169.00M 1009.00M
Deferred long term liab - - - - 10.70M
Other current liab 42.58M 168.50M 148.60M 52.40M 38.30M
Common stock 19.87M 19.80M 19.80M 19.80M 19.80M
Capital stock 19.90M 19.80M 19.80M 19.80M 19.80M
Retained earnings 1234.63M 1190.60M 1120.30M 1067.00M 961.10M
Other liab - - - 195.20M 132.70M
Good will 662.13M 669.70M 680.50M 703.30M 411.20M
Other assets - - - 76.10M 63.00M
Cash 368.35M 334.20M 359.70M 328.90M 274.60M
Total current liabilities 564.61M 533.10M 454.00M 637.50M 381.70M
Current deferred revenue - - 32.90M - -
Net debt 653.75M 691.30M 763.40M 755.60M 190.60M
Short term debt 253.60M 241.40M 165.00M 302.10M 126.40M
Short long term debt 236.50M 224.20M 150.50M 288.00M 115.20M
Short long term debt total 1022.10M 1025.50M 1123.10M 1084.50M 465.20M
Other stockholder equity 91.94M 92.00M 90.10M 82.20M 28.10M
Property plant equipment - - - 451.70M 340.30M
Total current assets 1045.76M 986.90M 1024.80M 1053.50M 803.70M
Net tangible assets - - - -34.60M 352.80M
Net receivables 335.71M 341.10M 316.80M 355.00M 283.10M
Long term debt 697.20M 706.20M 875.90M 731.30M 289.90M
Inventory 251.96M 253.20M 285.20M 290.00M 201.30M
Accounts payable 268.43M 86.00M 79.20M 283.00M 217.00M
Accumulated other comprehensive income -126.48M -93.60M -73.30M - -
Non currrent assets other 2.40M 1.80M 55.00M 7.10M 6.20M
Non current assets total 1610.66M 1658.10M 1683.60M 1731.40M 1059.50M
Capital lease obligations 90.20M 95.10M 96.70M 65.20M 60.10M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -65.30M -95.70M -571.00M -58.70M
Change to liabilities - - - 23.50M 59.50M
Total cashflows from investing activities -73.65M -65.30M -95.70M -571.00M -58.70M
Net borrowings -37.50M -26.20M -28.30M 484.80M -89.20M
Total cash from financing activities -174.10M -215.00M -219.20M 346.70M -213.30M
Change to operating activities - - - -0.80M -1.00M
Net income 159.82M 258.90M 244.50M 308.10M 314.50M
Change in cash 57.72M 21.10M -31.00M 24.80M -5.00M
Begin period cash flow 310.63M 212.80M 243.80M 219.00M 224.00M
End period cash flow 368.35M 233.90M 212.80M 243.80M 219.00M
Total cash from operating activities 253.91M 312.80M 298.60M 241.10M 273.40M
Issuance of capital stock 0.30M 1.90M -10.80M 19.00M 1.50M
Depreciation 99.96M 98.00M 97.00M 81.00M 69.00M
Other cashflows from investing activities - 3.70M -7.00M 5.60M 3.40M
Dividends paid 120.11M 119.00M 114.50M -103.60M -91.00M
Change to inventory -5.97M 21.90M -13.10M -58.30M -26.70M
Change to account receivables -25.43M -34.50M 12.60M -56.30M -71.30M
Sale purchase of stock - - -12.80M - -26.10M
Other cashflows from financing activities -16.78M -71.70M -65.60M 980.40M 11.80M
Change to netincome - - - 27.30M 9.30M
Capital expenditures 46.75M 92.80M 105.40M 117.50M 64.10M
Change in working capital -18.19M 1.00M -9.20M -91.90M -39.50M
Stock based compensation 6.40M 3.10M 6.10M 8.90M 9.20M
Other non cash items 5.92M -48.20M -39.80M -65.00M -79.80M
Free cash flow 207.16M 220.00M 193.20M 123.60M 209.30M

Peer Comparison*

Sector: Industrials Industry: Specialty Industrial Machinery

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
SPXSY
Spirax-Sarco Engineering PLC
-0.98
1.90%
50.52 25.67 18.45 3.93 4.04 3.25 13.45
GEV
GE Vernova LLC
8.58
1.06%
816.82 56.16 67.57 7.02 23.82 6.79 115.11
SMAWF
Siemens AG Class N
-0.34
0.11%
304.16 25.72 20.16 2.87 2.96 2.85 13.79
SBGSF
Schneider Electric SE
-4.15
1.53%
267.80 32.06 22.47 4.40 6.27 4.00 19.13
ETN
Eaton Corporation PLC
-6.45
1.79%
354.17 39.21 30.77 5.80 8.18 6.15 27.30

Profile*

Spirax-Sarco Engineering PLC

Spirax Group plc provides thermal energy and fluid technology solutions in Europe, the Middle East, Africa, the Asia Pacific, and the Americas. 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; and designs and manufactures peristaltic and niche pumps and associated fluid path technologies, including tubing, specialised filling systems and products for single use applications. The company serves food and beverage, pharmaceutical and biotechnology, oil and gas, chemical, power generation, healthcare, buildings, water and wastewater, semiconductor, transport, original equipment manufacturers machinery, and mining and precious metal processing industries. The company was formerly known as Spirax-Sarco Engineering plc and changed its name to Spirax Group PLC in June 2024. Spirax Group PLC was founded in 1888 and is headquartered in Cheltenham, the United Kingdom.

Charlton House, Cheltenham, United Kingdom, GL53 8ER

44 1242 535 000

10000

Name Title Year Born
Mr. Nicholas J. Anderson B.Sc., Eng., MBA Group Chief Exec. & Exec. Director 1961
Mr. Nimesh B. Patel B.Sc. CFO & Exec. Director NA
Mr. Andy J. Robson L.L.B., LLB Law, Barrister Group Gen. Counsel & Company Sec. 1963
Mr. Jim Devine Group HR Director NA
Mr. Shaun Laubscher Head of Talent & Organisational Devel. NA
Mr. Dan Harvey Head of Internal Audit NA
Mr. Andrew Mines Managing Director of Watson-Marlow 1972
Ms. Sarah Peers Group Head of Sustainability NA
Maurizio Preziosa Managing Director of Steam Specialties NA
Ms. Jennifer Forrester Head of Employee Experience NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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