Spirax confirmed its full-year guidance in a trading update for the four months ending October. Accelerating sales growth since the first half of the year has been broad-based across operating segments. Shares are trading 4% higher intraday.
The digitalization of Spirax's installed base of equipment creates a lengthy runway opportunity to capture even more recurring revenue.
Doubts remain about the success of the acquisitions that created the electric thermal solutions segment, which has been a big contributor to ROIC falling from above 20% to below 15%.
Metric | SPX | PH | EMR |
|---|---|---|---|
Price/Earnings (Normalized) | 25.41 | 28.23 | 29.08 |
Price/Book Value | 4.39 | 7.57 | 4.49 |
Price/Sales | 3.16 | 5.47 | 4.94 |
Price/Cash Flow | 19.01 | 25.80 | 21.74 |
Metric | SPX | PH | EMR |
|---|---|---|---|
Quick Ratio | 1.40 | 0.49 | 0.51 |
Current Ratio | 2.14 | 0.94 | 0.94 |
Interest Coverage | 6.83 | 11.43 | 8.73 |
Metric | SPX | PH | EMR |
|---|---|---|---|
Return on Assets (Normalized) | 8.57% | 13.21% | 8.81% |
Return on Equity (Normalized) | 18.91% | 29.36% | 18.15% |
Return on Invested Capital (Normalized) | 11.31% | 18.08% | 11.65% |
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