Spirax-Sarco Engineering (SPX)

Sector:

Engineering

Index:

FTSE 100

8,850.00p
   
  • Change Today:
      50.00p
  • 52 Week High: 9,400.00
  • 52 Week Low: 5,900.00
  • Currency: UK Pounds
  • Shares Issued: 73.61m
  • Volume: 111,064
  • Market Cap: £6,515m
  • RiskGrade: 112
  • Beta: 1.18

Dividend Data

  31-Dec-1831-Dec-1731-Dec-1631-Dec-1531-Dec-14
Interim Dividend29.00p25.50p22.50p20.80p19.50p
Final Dividend71.00p62.00p53.50p48.20p45.00p
Total Dividend100.00p87.50p76.00p20.80p64.50p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15 31-Dec-14
Continuing Operations          
Revenue 1,153.30 998.70 757.40 667.20 678.28
Operating Profit/(Loss) 299.10 198.90 174.10 142.80 148.10
Net Interest (10.30) (6.40) (2.60) (1.50) (2.98)
Profit Before Tax 288.80 192.50 171.40 139.70 144.79
Profit After Tax 223.40 157.90 121.30 96.70 100.57
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 223.40 157.90 121.30 96.70 100.57
Attributable to:          
Equity Holders of Parent Company 223.10 157.60 121.10 96.50 100.33
Minority Interests 0.30 0.30 0.20 0.20 0.25
           
Continuing EPS          
Earnings per Share - Basic 303.10p 214.40p 165.00p 129.90p 132.80p
Earnings per Share - Diluted 302.00p 213.60p 164.50p 129.40p 132.00p
Earnings per Share - Adjusted 250.00p 220.50p 171.50p 142.60p 140.40p
Continuing and Discontinued EPS          
Earnings per Share - Basic 303.10p 214.40p 165.00p 129.90p 132.80p
Earnings per Share - Diluted 302.00p 213.60p 164.50p 129.40p 132.00p
Earnings per Share - Adjusted 250.00p 220.50p 171.50p 142.60p 140.40p
           
Dividend per Share 100.00p 87.50p 76.00p 69.00p 64.50p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15 31-Dec-14
Assets          
Non-Current Assets          
Property, Plant & Equipment 230.80 227.50 201.80 169.90 176.67
Intangible Assets 645.20 631.30 169.70 108.90 95.81
Investment Properties n/a n/a n/a n/a n/a
Investments n/a n/a n/a 0.10 0.38
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets 47.50 42.50 42.40 38.50 36.34
  923.50 901.30 413.90 317.40 309.19
Current Assets          
Inventories 160.60 145.40 112.50 92.50 98.01
Trade & Other Receivables 245.10 237.50 185.50 152.10 155.70
Cash at Bank & in Hand 187.10 152.10 119.20 99.80 117.98
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 37.50 40.20 32.90 29.90 58.61
  630.30 575.20 450.10 374.30 430.29
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 1,553.80 1,476.50 864.00 691.70 739.48
           
Liabilities          
Current Liabilities          
Borrowings 57.60 69.80 33.60 14.30 40.83
Other Current Liabilities 195.70 176.90 128.60 105.40 112.93
  253.30 246.70 162.20 119.70 153.76
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 365.30 455.90 58.20 80.70 49.10
Provisions 80.50 76.50 23.50 18.90 17.97
Other Non-Current Liabilities 87.80 87.90 95.70 74.10 76.78
  533.60 620.30 177.40 173.70 143.85
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 786.90 867.00 339.60 293.40 297.61
           
Net Assets 766.90 609.50 524.40 398.30 441.88
           
Capital & Reserves          
Share Capital 19.80 19.80 19.80 19.70 19.62
Share Premium Account 77.80 75.10 72.70 69.70 65.07
Other Reserves 22.20 19.30 44.60 (18.70) (6.49)
Retained Earnings 646.00 494.20 386.30 326.80 362.80
Shareholders Funds 765.80 608.40 523.40 397.50 441.00
           
Minority Interests/Other Equity 1.10 1.10 1.00 0.80 0.88
Total Equity 766.90 609.50 524.40 398.30 441.88
Cash Flow 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15 31-Dec-14
Net Cash Flow From Operating Activities 204.90 159.40 157.90 130.30 113.66
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities 18.40 (375.90) (96.40) (14.70) (29.24)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (183.70) 242.40 (52.60) (134.30) (52.92)
Net Increase/Decrease In Cash 39.60 25.90 8.90 (18.70) 31.50
Ratios - based on IFRS 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15 31-Dec-14
Continuing Operations          
PE Ratio - Adjusted 25.0 25.5 24.4 23.0 20.5
PEG - Adjusted 1.9 0.9 1.2 11.5 20.5
Earnings per Share Growth - Adjusted 13% 29% 20% 2% 1%
Dividend Cover 2.50 2.52 2.26 2.07 2.18
Revenue per Share 1,566.72p 1,356.70p 1,028.91p 906.37p 898.00p
Pre-Tax Profit per Share 392.33p 261.51p 232.84p 189.78p 191.70p
Operating Margin 25.93% 19.92% 22.99% 21.40% 21.83%
Return on Capital Employed 47.85% 34.27% 37.02% 35.01% 32.55%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 25.0 25.5 24.4 23.0 20.5
PEG - Adjusted 1.9 0.9 1.2 11.5 20.5
Earnings per Share Growth - Adjusted 13% 29% 20% 2% 1%
Dividend Cover 2.50 2.52 2.26 2.07 2.18
           
Dividend Yield 1.6% 1.6% 1.8% 2.1% 2.2%
Dividend per Share Growth 14.29% 15.13% 10.14% 6.98% 9.32%
Operating Cash Flow per Share 278.35p 216.54p 214.50p 177.01p 150.48p
Cash Incr/Decr per Share 53.80p 35.18p 12.09p (25.40p) 41.71p
Net Asset Value per Share (exc. Intangibles) 165.33p (29.61p) 481.85p 393.14p 458.18p
Net Gearing 30.79% 61.41% -5.24% -1.21% -6.36%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Forecast figures based on normalised accounts.

 

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