Spirax Group/£SPX
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Spirax Group
Spirax-Sarco Engineering plc, now known as Spirax Group plc, is a UK-based company providing thermal energy management and fluid technology solutions. The company operates globally in multiple sectors including steam thermal solutions, electric thermal solutions, and fluid path technologies. Founded in 1888, Spirax-Sarco Engineering has developed a significant footprint in its field, emphasizing innovation in energy management and sustainability.
- Ticker
- £SPX
- Sector
- Industrials
- Primary listing
- LSE
- Employees
- 10,000
- Headquarters
- Cheltenham, United Kingdom
- Website
- www.spiraxgroup.com
Spirax Group Metrics
BasicAdvanced
£5.4B
27.33
£2.68
1.14
£1.70
2.32%
Price and volume
Market cap
£5.4B
Beta
1.14
52-week high
£80.50
52-week low
£59.50
Average daily volume
175K
Dividend rate
£1.70
Financial strength
Current ratio
2.143
Quick ratio
1.405
Long term debt to equity
0.682
Total debt to equity
0.868
Dividend payout ratio (TTM)
63.17%
Interest coverage (TTM)
7.16%
Profitability
EBITDA (TTM)
386.6
Gross margin (TTM)
75.33%
Net profit margin (TTM)
11.36%
Operating margin (TTM)
18.15%
Effective tax rate (TTM)
27.59%
Revenue per employee (TTM)
£170,000
Management effectiveness
Return on assets (TTM)
7.47%
Return on equity (TTM)
16.62%
Valuation
Price to earnings (TTM)
27.329
Price to revenue (TTM)
3.101
Price to book
4.33
Price to tangible book (TTM)
27.76
Price to free cash flow (TTM)
23.989
Free cash flow yield (TTM)
4.17%
Free cash flow per share (TTM)
3.058
Dividend yield (TTM)
2.32%
Growth
Revenue change (TTM)
5.07%
Earnings per share change (TTM)
21.93%
3-year revenue growth (CAGR)
0.64%
10-year revenue growth (CAGR)
9.70%
3-year earnings per share growth (CAGR)
-2.01%
10-year earnings per share growth (CAGR)
6.15%
3-year dividend per share growth (CAGR)
3.32%
10-year dividend per share growth (CAGR)
9.27%
What the Analysts think about Spirax Group
Analyst ratings (Buy, Hold, Sell) for Spirax Group stock.
Analyst projections of the future price of Spirax Group stock.
Bulls say / Bears say
Spirax is growing through a subdued industrial cycle: first-half organic revenue rose 5%, against global industrial production growth of 1.8%, while adjusted operating profit rose 8%. This suggests its diversified, service-led model can win business without a strong recovery in the wider economy. (Investegate)
The electric thermal and fluid technology businesses provide strong growth engines: first-half sales rose 11% at ETS and 7% at WMFTS. Biopharm orders were ahead of sales and reached their highest quarterly level since the pandemic-related peak in 2021, supporting future sales. (Investegate)
There is scope for further profit growth if operating leverage continues: the adjusted operating margin reached 19.8% in the first half, and management expects further organic margin progress this year. It remains confident in its medium-term margin target of 22–23%. (Investegate, StockAnalysis)
The weak industrial backdrop remains a risk: management noted subdued production in key markets and uncertainty from trade tariffs, Middle East conflict and higher energy costs. A delayed or weaker recovery could restrain demand across the group. (London Stock Exchange, Investegate)
The steam business, which represents about half of sales, is lagging: first-half organic sales grew just 1% and its margin fell 170 basis points organically. The expected second-half improvement depends in part on deferred shipments converting to sales. (Investegate, Edison Group)
Cash generation and leverage are near-term concerns: first-half cash conversion fell to 54% from 61%, while net debt-to-EBITDA of 1.6 times was above the 1.0–1.5 times target range. The expected improvement depends on cash conversion recovering in the second half. (Investegate, Edison Group)
Data summarised monthly by Lightyear AI. Last updated on 31 Oct 2026.
Spirax Group Financial Performance
Revenues and expenses
Spirax Group Earnings Performance
Company profitability
Upcoming events
Funds containing Spirax Group
AllEURGBPUSD
Fund name | Fund size | £SPX weighting |
|---|---|---|
iShares STOXX Europe Mid 200€EXSD | €610M | 0.38% |
iShares STOXX Europe 600 Industrial Goods & Services€EXH4 | €588M | 0.33% |
iShares MSCI Europe Industrials Sector£ESIN | €1.3B | 0.29% |
iShares MSCI Europe Industrials Sector€ESIN | €1.3B | 0.29% |
iShares Core FTSE 100£ISF | £17B | 0.21% |
Latest price is delayed by 15 minutes. Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by London Stock Exchange, through Infront.