SPECTRIS PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,274 GBX | +0.61% |
|
+3.02% | -13.36% |
| Apr. 26 | U.S. Futures, European Stocks Edge Up | DJ |
| Apr. 03 | Spectris Closes $345 Million Divestment of Red Lion Controls to HMS Networks | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,370 | 3,275 | 4,052 | 3,137 | 3,838 | 3,283 | - | - |
| Enterprise Value (EV) 1 | 3,337 | 3,170 | 3,950 | 2,974 | 3,699 | 3,024 | 2,918 | 2,806 |
| P/E ratio | 14.4 x | -193 x | 12 x | 8.1 x | 27.1 x | 20.8 x | 17.8 x | 16 x |
| Yield | 2.24% | 2.43% | 1.96% | 2.51% | 2.1% | 2.52% | 2.65% | 2.82% |
| Capitalization / Revenue | 2.07 x | 2.45 x | 3.14 x | 2.36 x | 2.65 x | 2.41 x | 2.27 x | 2.17 x |
| EV / Revenue | 2.04 x | 2.37 x | 3.06 x | 2.24 x | 2.55 x | 2.22 x | 2.02 x | 1.86 x |
| EV / EBITDA | 10.5 x | 13.5 x | 16 x | 10.5 x | 11.6 x | 10.4 x | 9.29 x | 8.21 x |
| EV / FCF | 21.6 x | 17.3 x | 31.8 x | 39.6 x | 21.7 x | 16.6 x | 14.5 x | 13.1 x |
| FCF Yield | 4.62% | 5.77% | 3.14% | 2.53% | 4.61% | 6.03% | 6.87% | 7.65% |
| Price to Book | 2.55 x | 2.64 x | 3.3 x | 2.25 x | 2.98 x | 2.39 x | 2.18 x | 2.06 x |
| Nbr of stocks (in thousands) | 115,972 | 116,201 | 110,778 | 104,502 | 101,552 | 100,274 | - | - |
| Reference price 2 | 29.06 | 28.18 | 36.58 | 30.02 | 37.79 | 32.74 | 32.74 | 32.74 |
| Announcement Date | 2/20/20 | 2/25/21 | 2/24/22 | 2/23/23 | 2/29/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,632 | 1,336 | 1,292 | 1,327 | 1,449 | 1,365 | 1,446 | 1,510 |
| EBITDA 1 | 316.5 | 234.3 | 246.7 | 283.5 | 320.2 | 291.3 | 314.1 | 341.7 |
| EBIT 1 | 258.1 | 173.6 | 209.4 | 172.6 | 262.5 | 248.8 | 272.6 | 294.2 |
| Operating Margin | 15.81% | 12.99% | 16.21% | 13% | 18.11% | 18.23% | 18.85% | 19.48% |
| Earnings before Tax (EBT) 1 | 259.3 | -4.1 | 388.6 | 151.5 | 185.6 | 207.3 | 241.1 | 263.2 |
| Net income 1 | 234.1 | -17 | 346.9 | 401.5 | 145.4 | 158 | 185 | 203.2 |
| Net margin | 14.34% | -1.27% | 26.85% | 30.25% | 10.03% | 11.58% | 12.8% | 13.46% |
| EPS 2 | 2.016 | -0.1460 | 3.051 | 3.707 | 1.394 | 1.575 | 1.843 | 2.042 |
| Free Cash Flow 1 | 154.2 | 182.9 | 124.1 | 75.1 | 170.5 | 182.4 | 200.6 | 214.6 |
| FCF margin | 9.45% | 13.69% | 9.61% | 5.66% | 11.77% | 13.37% | 13.87% | 14.22% |
| FCF Conversion (EBITDA) | 48.72% | 78.06% | 50.3% | 26.49% | 53.25% | 62.64% | 63.85% | 62.82% |
| FCF Conversion (Net income) | 65.87% | - | 35.77% | 18.7% | 117.26% | 115.45% | 108.4% | 105.63% |
| Dividend per Share 2 | 0.6510 | 0.6840 | 0.7180 | 0.7540 | 0.7920 | 0.8261 | 0.8682 | 0.9226 |
| Announcement Date | 2/20/20 | 2/25/21 | 2/24/22 | 2/23/23 | 2/29/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 872.9 | 599 | 737.2 | 601.8 | 690.2 | 570.2 | 757.2 | 702.5 | 746.7 | 607 |
| EBITDA | - | - | 159.2 | - | - | 92.9 | - | - | - | - |
| EBIT 1 | - | - | 129.5 | 76.8 | 132.6 | 72.3 | 100.3 | 102.1 | 160.4 | 87 |
| Operating Margin | - | - | 17.57% | 12.76% | 19.21% | 12.68% | 13.25% | 14.53% | 21.48% | 14.33% |
| Earnings before Tax (EBT) | - | - | 61.4 | 187 | 201.6 | 41.8 | 109.7 | 68.5 | - | - |
| Net income | - | - | 49.5 | 180.3 | - | 39.4 | 362.1 | 52.2 | - | - |
| Net margin | - | - | 6.71% | 29.96% | - | 6.91% | 47.82% | 7.43% | - | - |
| EPS | - | - | 0.4270 | 1.553 | - | 0.3560 | - | - | - | - |
| Dividend per Share 2 | 0.4320 | - | 0.4650 | 0.2300 | 0.4880 | 0.2410 | 0.5130 | 0.2530 | 0.5390 | 0.2700 |
| Announcement Date | 2/20/20 | 8/4/20 | 2/25/21 | 7/29/21 | 2/24/22 | 8/1/22 | 2/23/23 | 7/31/23 | 2/29/24 | - |
1GBP in Million2GBP
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 33.5 | 105 | 102 | 163 | 139 | 259 | 364 | 477 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 154 | 183 | 124 | 75.1 | 171 | 182 | 201 | 215 |
| ROE (net income / shareholders' equity) | 18.3% | 10.2% | 12.9% | 12.7% | 15% | 14% | 14.2% | 15% |
| ROA (Net income/ Total Assets) | 11.5% | 6.86% | 8.98% | 9.26% | 11% | 9.56% | 9.79% | - |
| Assets 1 | 2,033 | -247.8 | 3,864 | 4,337 | 1,323 | 1,653 | 1,890 | - |
| Book Value Per Share 2 | 11.40 | 10.70 | 11.10 | 13.40 | 12.70 | 13.70 | 15.00 | 15.90 |
| Cash Flow per Share 2 | 2.070 | 1.950 | 1.400 | 1.550 | 1.870 | 2.280 | 2.400 | 2.640 |
| Capex 1 | 86.6 | 43.1 | 35.3 | 44.9 | 24.7 | 41.6 | 42.1 | 44.1 |
| Capex / Sales | 5.31% | 3.23% | 2.73% | 3.38% | 1.7% | 3.04% | 2.91% | 2.92% |
| Announcement Date | 2/20/20 | 2/25/21 | 2/24/22 | 2/23/23 | 2/29/24 | - | - | - |
1GBP in Million2GBP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
32.74
GBP
Average target price
37.45
GBP
Spread / Average Target
+14.37%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -13.36% | 4.09B | |
| +12.06% | 107B | |
| -0.62% | 29.43B | |
| +12.05% | 22.21B | |
| -16.05% | 17.75B | |
| -6.34% | 17.25B | |
| +8.74% | 15.28B | |
| -4.89% | 12.2B | |
| -2.85% | 10.42B | |
| -8.86% | 9.04B |
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- Financials Spectris plc
