Spirax-Sarco Engineering

SPX: 8,237.50 -62.50 (-0.75%) delayed: 12 Nov 2019, 12:33

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Spirax-Sarco Engineering Fundamentals

Share Price Information

Name Spirax-Sarco Engineering
Epic SPX
Sector Industrial Machinery
ISIN GB00BWFGQN14
Activites Spirax-Sarco Engineering plc is a thermal energy management and niche pumping specialist. It comprises three world-leading businesses: Steam Specialties (Spirax Sarco and Gestra), for the control and management of steam; Chromalox, for electrical thermal energy solutions; and Watson-Marlow, for peristaltic pumping and associated fluid path technologies. The Steam Specialties business and Chromalox provide a broad range of fluid control and electrical process heating products, engineered packages, site services and systems expertise for a diverse range of industrial and institutional customers. Both businesses help their end users to improve production efficiency, meet their environmental sustainability targets, improve product quality and enhance the safety of their operations. Watson-Marlow Fluid Technology Group offers the ideal solution for a wide variety of demanding fluid path applications with highly accurate, controllable and virtually maintenance free pumps and associated technologies.
Index FTSE 100

Key numbers

Latest Share price (p) 8,237.50 Net gearing (%) 38.60
Market capitalisation (£m) 6,116.95 Gross gearing (%) 50.64
Shares in issue (m) 73.70 Debt ratio 41.03
P/E ratio 27.38 Debt-to-equity ratio 0.68
Total dividends per share (p) 100.00 Assets / equity ratio 2.03
Dividend yield (%) 1.24 Price to book value 7.98
Dividend cover 2.94 ROCE (%) 22.21
Earning per share (p) 303.10 EPS growth (%) 41.37
52-week high / low (p) 9,440.00 / 5,875.00 DPS growth (%) 14.29

Results at a glance

Date Type Turnover (£m) Profit (£m) Basic EPS Currency
31 Dec 2018 Full Year 1,153 223 303.10 GBP
31 Dec 2017 Full Year 999 158 214.40 GBP
31 Dec 2016 Full Year 757 121 165.00 GBP

Dividend history

Period Ex-date Pay-date Net dividend Currency Total for year
H1 Dividend 10 Oct 2019 08 Nov 2019 32.00 GBX 0.00
H2 Dividend 25 Apr 2019 24 May 2019 71.00 GBX 100.00
H1 Dividend 11 Oct 2018 09 Nov 2018 29.00 GBX 0.00
H2 Dividend 26 Apr 2018 25 May 2018 62.00 GBX 87.50
H1 Dividend 12 Oct 2017 10 Nov 2017 25.50 GBX 0.00
H2 Dividend 27 Apr 2017 26 May 2017 53.50 GBX 76.00
H1 Dividend 13 Oct 2016 11 Nov 2016 22.50 GBX 0.00
H2 Dividend 28 Apr 2016 27 May 2016 48.20 GBX 69.00
H1 Dividend 08 Oct 2015 06 Nov 2015 20.80 GBX 0.00
Special Dividend 11 Jun 2015 15 Jul 2015 120.00 GBX 0.00
H2 Dividend 30 Apr 2015 29 May 2015 45.00 GBX 64.50

Contact details

Company name Spirax-Sarco Engineering
Address Charlton House, Cirencester Road, Cheltenham, Gloucestershire GL53 8ER.
Telephone +44 (0)1242 521 361
Website http://www.spiraxsarcoengineering.com/

Advisors

Company's broker Merrill Lynch International
Company's joint broker n/a
NOMAD Citigroup Global Markets
Registrar Equiniti
Auditors KPMG Audit
Solicitors Herbert Smith LLP

Directors

Appointed Director Position
15 Mar 2012 Nicholas John Anderson Chief Executive Officer
01 Jan 1996 Neil Harvey Daws Executive Director
15 Mar 2012 James Lawrence Whalen Executive Director
11 May 2016 Kevin James Boyd Group Finance Director
11 Mar 2014 James Robert Provan Pike Non-Executive Chairman
06 Mar 2018 Peter Ian France Non-Executive Director
05 Mar 2019 Caroline Ann Johnstone Non-Executive Director
01 Sep 2016 Jane Sarah May Kingston Non-Executive Director
01 Aug 2012 Dr Geertrui Elizabeth Schoolenberg Non-Executive Director
15 May 2019 Kevin John Thompson Non-Executive Director

Company financials

Assets (£m) 2018 2017 2016
Reporting date 31 Dec 2018 31 Dec 2017 31 Dec 2016
Tangible assets 231 228 202
Intangible asssets and goodwill 645 631 170
Investments and other non-current assets 48 43 42
Total non-current assets 924 901 414
Inventory / work in progress 161 145 113
Trade and other receivables 245 238 186
Cash and equivalents 187 152 119
Other current assets and asset held for resale 38 40 33
Total of all assets 1,554 1,477 864
Liabilities (£m) 2018 2017 2016
Short term liabilities 253 247 162
Long term liabilities 534 620 177
Other liabilites / pension etc 0 0 0
Total of all liabilities 787 867 340
Net assets (£m) 2018 2017 2016
Net assets 767 610 524
Equity (£m) 2018 2017 2016
Share capital 20 20 20
Minority interests 1 1 1
Retained earnings 646 494 386
Share premium account 78 75 73
Other equity 22 19 45
Total equity 767 610 524
Cash Flow (£m) 2018 2017 2016
Cash from operating activities 205 159 158
Cashflow before financing 223 -217 62
Increase / decrease in Cash 40 26 9
Income (£m) 2018 2017 2016
Turnover 1,153 999 757
Cost of sales 0 0 0
Gross profit 0 0 0
Operating profit 299 199 174
Pre-tax profit 289 193 171
Profit / loss for the year 223 158 121