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
27.14
£2.68
1.14
£1.70
2.33%
Price and volume
Market cap
£5.4B
Beta
1.14
52-week high
£80.50
52-week low
£59.50
Average daily volume
169K
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)
27.142
Price to revenue (TTM)
3.08
Price to book
4.3
Price to tangible book (TTM)
27.56
Price to free cash flow (TTM)
23.826
Free cash flow yield (TTM)
4.20%
Free cash flow per share (TTM)
3.058
Dividend yield (TTM)
2.33%
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
First-half organic revenue rose 5% and adjusted operating profit rose 8%, ahead of subdued industrial production. The adjusted margin improved to 19.8% and adjusted earnings per share increased 9%, showing that growth is translating into stronger profitability. (Investegate)
Electric Thermal Solutions grew sales by 11% in the first half, with its margin up 220 basis points as semiconductor demand, a stronger sales mix and operational improvements supported results. This gives Spirax exposure to electrification and other growing thermal applications. (Edison Group)
Watson-Marlow sales grew 7%, and biopharma orders exceeded sales, reaching their highest quarterly level since the COVID-related peak. If those orders convert into sales, they provide support for continued growth in a specialist market. (Investegate)
Steam Thermal Solutions accounts for about half of group revenue but grew sales by only 1% in the first half; adjusted profit fell 6% and its margin declined 170 basis points. Weakness in this large division could hold back group growth and profitability if the expected second-half recovery does not arrive. (Edison Group)
Cash conversion fell to 54% from 61%, while net debt reached 1.6 times EBITDA, above Spirax’s 1.0–1.5 times target range. Management expects a second-half cash recovery, but planned inventory builds and higher receivables make that an important execution test. (Edison Group)
The first-half update left full-year guidance unchanged, and Spirax shares fell after results that analysts described as broadly in line; Stifel also viewed the valuation as high. That leaves the shares exposed if second-half delivery does not meet investor expectations. (MarketScreener)
Data summarised monthly by Lightyear AI. Last updated on 4 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 | 0.39% |
iShares STOXX Europe 600 Industrial Goods & Services€EXH4 | €582M | 0.32% |
iShares MSCI Europe Industrials Sector€ESIN | €1.3B | 0.28% |
iShares MSCI Europe Industrials Sector£ESIN | £1.1B | 0.28% |
iShares Core FTSE 100£CUKX | £3.2B | 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.