Spirax-sarco Engineering Company Financial Information

Company name:	Spirax-sarco Engineering Plc
Company Description:	The provision of knowledge, service and products, including peristaltic pumps, worldwide for the control and efficient use of steam and other industrial fluids worldwide
EPIC:	SPX	Trading Currency:	GBX
Market Sector:	FS10	ISIN:	GB00BWFGQN14
Market Segment:	SET1	Share Type:	DE
WWW Address:	http://www.spiraxsarcoengineering.com/	Description:	ORD 26 12/13P
Industry Sector:	INDUSTRIAL ENGINEERING

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
11,545.00	130.0 [1.14]	11,550.00	11,565.00	11,450.00	11,585.00	11,450.00	169,796
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
8,506.84	73.68	1.28	318.30	136.00	36.27	1.18	13,140.00 - 9,008.00

Spirax-sarco Engineering Key Figures

Key Figures
(at previous day's close)
Market Cap.	8,506.84	m
Shares In Issue	73.68	m
Prev. Close	11,415.00
PE Ratio	36.27
Dividend Yield	1.18	%
EPS - basic	318.30	p
Dividend PS	136.00	p
Dividend Cover	2.34
Cash Flow PS	371.04	p
Return On Equity (ROE)	23.25	%
Operating Margin	23.39	%
PEG Factor	1.03
EPS Growth Rate	35.16	%
Dividends PS Growth Rate	15.25	%
Net Debt	578.60	m
Gross Gearing	45.79	%
Quick Assets	654.70	m
Net Working Capital	474.30	m
Intangibles / Fixed Assets	66.21	%
Turnover PS	1,824.68	p
Pre-Tax Profit PS	426.82	p
Retained Profit PS	194.89	p
Cash PS	372.67	p
Net Cash PS	-145.35	p
Net Tangible Asset Value PS *	464.28	p
Net Asset Value PS	1,370.71	p
Spread	15.00 (0.13%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Spirax-sarco Engineering Balance Sheet

%1$s Balance Sheet

Share Price Performance

Share Price Performance
Sample Period ^†	High	Low
1 week	11,585.00	10,945.00
4 weeks	12,055.00	10,740.00
12 weeks	12,350.00	10,520.00
1 year	13,140.00	9,008.00

Share Price Chart (5 years)

Spirax-sarco Engineering Historic Returns

%1$s Historic Returns
Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	11,280.00	265.00	2.35	10,945.00	0.23		11,374.59
4 weeks	11,670.00	-125.00	-1.07	10,740.00	0.20		11,326.13
12 weeks	10,815.00	730.00	6.75	10,520.00	0.18		11,546.61
26 weeks	10,285.00	1,260.00	12.25	9,750.00	0.16		11,260.38
1 year	12,255.00	-710.00	-5.79	9,008.00	0.16		11,071.24
3 years	7,835.00	3,710.00	47.35	7,562.00	0.14		11,599.20
5 years	5,730.00	5,815.00	101.48	5,560.00	0.16		9,657.38
† periods calculated are whole weeks rather than calendar months

Spirax-sarco Engineering Key Management Ratios

DEEPER ANALYSIS

Spirax-sarco Engineering Investment Ratios

%1$s Investment Ratios
(Market value analysis) at previous day's close
PQ Ratio	43.03
PE Ratio	36.27
Tobin's Q Ratio	4.72
Tobin's Q Ratio (excl. intangibles)	7.73
Dividend Yield	1.18	%
Market-to-Book Ratio	8.43
Price-to-Pre-Tax Profit PS	27.05
Price-to-Retained Profit PS	59.24
Price-to-Cash Flow PS	31.11
Price-to-Sales PS	6.33
Price-to-Net Tangible Asset Value PS	24.79
Price-to-Cash PS	30.98
Net Working Capital PS	643.69
Price Pct to Working Capital PS	17.94	%
Earnings Yield	2.76	%
Average PE	36.90
Years in average	5
PE to PE average	98.30	%

Spirax-sarco Engineering Financial Ratios

%1$s Financial Ratios
(Leverage Ratios)
Debt Ratio	31.83	%
Debt-to-Equity Ratio	0.47
Debt-to-Equity Ratio (excl. Intgbl)	1.37
Debt-to-Equity Market Value	0.06
Net Gearing	31.05	%
Net Gearing (excl. Intangibles)	48.37	%
Gross Gearing	45.79	%
Gross Gearing (excl. Intangibles)	71.32	%
Gearing Under 1 Year	20.49	%
Gearing Under 1 Year (excl. Intgbl)	31.91	%
Assets/Equity	1.84
Cash/Equity	27.19
(Liquidity Ratios)
Net Working Capital to Total Assets	25.46	%
Current Ratio	2.24
Quick Ratio (Acid Test)	1.72
Liquidity Ratio	0.72
Cash & Equiv/Current Assets	32.08	%
(Solvency Ratios)
Enterprise Value	8,704.74	m
CFO/Sales	0.20
CFO/Attributable Profit	1.17
CFO/Assets	0.15
CFO/Debt	0.32
Total Debt/Equity Market Value	0.10
Total Debt/Sales	0.63
Total Debt/Pre-Tax Profit	2.71
Total Debt	853.20	m
Total Debt/Net Current Assets	1.80	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	12.06	%
5 yr Compound Earnings Growth	8.22	%
10 yr Compound Earnings Growth	10.66	%
Earn drops > 5% in 10yrs	7

Beta coefficients
Beta (60-Mnth)	Beta (36-Mnth)
1.2824	3.4281

Spirax-sarco Engineering Operating Ratios

%1$s Operating Ratios
(Profitability Ratios)
Return On Capital Employed (ROCE)	21.23	%
Return On Assets (ROA)	13.00	%
Net Profit Margin	17.45	%
Assets Turnover	0.75
Return On Equity (ROE)	23.25	%
Return On Investment (ROI)	15.65	%
Dividend Payout Ratio	42.73	%
Plowback Ratio	57.27	%
Growth from Plowback Ratio	14.42	%
Net Income Of Revenues	10.68	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	1.44
Fixed Assets Turnover	1.34
Current Assets Turnover	1.68
Net Working Capital Turnover
Inventory Turnover	7.05
(Other Operating Ratios)
Total Assets-to-Sales	1.34
Debtors-to-Sales	23.13	%
Debt Collection Period	84.44	Days

Spirax-sarco Engineering Dividends

%1$s Dividends
Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
11 Aug 2022	Interim	GBX	42.50	31/12/2021	31/12/2022	13/10/2022	14/10/2022	11/11/2022	-
10 Mar 2022	Final	GBX	97.50	31/12/2020	31/12/2021	21/04/2022	22/04/2022	20/05/2022	136.00
11 Aug 2021	Interim	GBX	38.50	31/12/2020	31/12/2021	13/10/2021	14/10/2021	12/11/2021	-
10 Mar 2021	Final	GBX	84.50	31/12/2019	31/12/2020	22/04/2021	23/04/2021	21/05/2021	118.00
12 Aug 2020	Interim	GBX	33.50	31/12/2019	31/12/2020	08/10/2020	09/10/2020	06/11/2020	-
11 Mar 2020	Final	GBX	78.00	31/12/2018	31/12/2019	23/04/2020	24/04/2020	22/05/2020	110.00
07 Aug 2019	Interim	GBX	32.00	31/12/2018	31/12/2019	10/10/2019	11/10/2019	08/11/2019	-
07 Mar 2019	Final	GBX	71.00	31/12/2017	31/12/2018	25/04/2019	26/04/2019	24/05/2019	100.00
08 Aug 2018	Interim	GBX	29.00	31/12/2017	31/12/2018	11/10/2018	12/10/2018	09/11/2018	-
15 Mar 2018	Final	GBX	62.00	31/12/2016	31/12/2017	26/04/2018	27/04/2018	25/05/2018	87.50
09 Aug 2017	Interim	GBX	25.50	31/12/2016	31/12/2017	12/10/2017	13/10/2017	10/11/2017	-
09 Mar 2017	Final	GBX	53.50	31/12/2015	31/12/2016	27/04/2017	28/04/2017	26/05/2017	76.00
09 Aug 2016	Interim	GBX	22.50	31/12/2015	31/12/2016	13/10/2016	14/10/2016	11/11/2016	-
04 Mar 2016	Final	GBX	48.20	31/12/2014	31/12/2015	28/04/2016	29/04/2016	27/05/2016	69.00
05 Aug 2015	Interim	GBX	20.80	31/12/2014	31/12/2015	08/10/2015	09/10/2015	06/11/2015	-
05 Mar 2015	Special	GBX	120.00	31/12/2013	31/12/2014	30/04/2015	01/05/2015	29/05/2015	-
05 Mar 2015	Final	GBX	45.00	31/12/2013	31/12/2014	30/04/2015	01/05/2015	29/05/2015	64.50
07 Aug 2014	Interim	GBX	19.50	31/12/2013	31/12/2014	08/10/2014	10/10/2014	07/11/2014	-
06 Mar 2014	Final	GBX	41.00	31/12/2012	31/12/2013	30/04/2014	02/05/2014	30/05/2014	59.00
08 Aug 2013	Interim	GBX	18.00	31/12/2012	31/12/2013	09/10/2013	11/10/2013	08/11/2013	-
07 Mar 2013	Special	GBX	100.00	31/12/2011	31/12/2012	29/05/2013	31/05/2013	03/07/2013	-
07 Mar 2013	Final	GBX	37.00	31/12/2011	31/12/2012	17/04/2013	19/04/2013	17/05/2013	53.00
22 Aug 2012	Interim	GBX	16.00	31/12/2011	31/12/2012	10/10/2012	12/10/2012	09/11/2012	-
08 Mar 2012	Final	GBX	34.20	31/12/2010	31/12/2011	18/04/2012	20/04/2012	18/05/2012	49.00
23 Aug 2011	Interim	GBX	14.80	31/12/2010	31/12/2011	12/10/2011	14/10/2011	11/11/2011	-
08 Mar 2011	Final	GBX	30.00	31/12/2009	31/12/2010	13/04/2011	15/04/2011	18/05/2011	43.00
08 Mar 2011	Special	GBX	25.00	31/12/2009	31/12/2010	08/06/2011	10/06/2011	08/07/2011	-
24 Aug 2010	Interim	GBX	13.00	31/12/2009	31/12/2010	13/10/2010	15/10/2010	12/11/2010	-
04 Mar 2010	Final	GBX	25.60	31/12/2008	31/12/2009	14/04/2010	16/04/2010	21/05/2010	36.10
20 Aug 2009	Interim	GBX	10.50	30/12/2008	30/06/2009	07/10/2009	09/10/2009	06/11/2009	-
09 Mar 2009	Final	GBX	23.30	31/12/2007	31/12/2008	15/04/2009	17/04/2009	18/05/2009	33.30
27 Aug 2008	Interim	GBX	10.00	30/12/2007	30/06/2008	08/10/2008	10/10/2008	07/11/2008	-
10 Mar 2008	Final	GBX	21.60	31/12/2006	31/12/2007	16/04/2008	18/04/2008	19/05/2008	29.90
06 Sep 2007	Interim	GBX	8.30	30/12/2006	30/06/2007	10/10/2007	12/10/2007	09/11/2007	-
08 Mar 2007	Final	GBX	19.00	31/12/2005	31/12/2006	18/04/2007	20/04/2007	21/05/2007	26.50
07 Sep 2006	Interim	GBX	7.50	30/12/2005	30/06/2006	11/10/2006	13/10/2006	10/11/2006	-
13 Mar 2006	Final	GBX	17.00	31/12/2004	31/12/2005	19/04/2006	21/04/2006	22/05/2006	23.80
06 Sep 2005	Interim	GBX	6.80	30/12/2004	30/06/2005	12/10/2005	14/10/2005	11/11/2005	-
14 Mar 2005	Final	GBX	15.10	31/12/2003	31/12/2004	20/04/2005	22/04/2005	23/05/2005	21.40
09 Sep 2004	Interim	GBX	6.30	30/12/2003	30/06/2004	13/10/2004	15/10/2004	12/11/2004	-
15 Mar 2004	Final	GBX	14.10	31/12/2002	31/12/2003	21/04/2004	23/04/2004	21/05/2004	20.10
11 Sep 2003	Interim	GBX	6.00	30/12/2002	30/06/2003	15/10/2003	17/10/2003	14/11/2003	-
10 Mar 2003	Final	GBX	13.50	31/12/2001	31/12/2002	20/04/2003	22/04/2003	20/05/2003	19.30
05 Sep 2002	Interim	GBX	5.80	30/12/2001	30/06/2002	09/10/2002	11/10/2002	08/11/2002	-
11 Mar 2002	Final	GBX	13.00	31/12/2000	31/12/2001	17/04/2002	19/04/2002	17/05/2002	18.60
06 Sep 2001	Interim	GBX	5.60	30/12/2000	30/06/2001	10/10/2001	12/10/2001	09/11/2001	-
12 Mar 2001	Final	GBX	12.60	31/12/1999	31/12/2000	11/04/2001	17/04/2001	15/05/2001	18.00
07 Sep 2000	Interim	GBX	5.40	30/12/1999	30/06/2000	18/09/2000	22/09/2000	10/11/2000	-
13 Mar 2000	Final	GBX	12.10	31/12/1998	31/12/1999	20/03/2000	24/03/2000	16/05/2000	17.30
09 Sep 1999	Interim	GBX	5.20	30/12/1998	30/06/1999	20/09/1999	24/09/1999	12/11/1999	-
15 Mar 1999	Final	GBX	11.50	31/12/1997	31/12/1998	22/03/1999	26/03/1999	18/05/1999	16.50
10 Sep 1998	Interim	GBX	5.00	30/12/1997	30/06/1998	21/09/1998	25/09/1998	13/11/1998	-
16 Mar 1998	Final	GBX	11.00	31/12/1996	31/12/1997	23/03/1998	27/03/1998	26/05/1998	15.80

Spirax-sarco Engineering Fundamentals

Profit and Loss Account
	31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)		31 Dec 2021 (GBP)
turnover	1,153.30	100.00%	1,242.40	100.00%	1,193.40	100.00%	1,344.50	100.00%	m
pre tax profit	288.80	25.04%	236.80	19.06%	240.10	20.12%	314.50	23.39%	m
attributable profit	223.10	19.34%	166.60	13.41%	173.60	14.55%	234.60	17.45%	m
retained profit	155.80	13.51%	90.30	7.27%	91.10	7.63%	143.60	10.68%	m
eps - basic (p)	303.10		226.20		235.50		318.30
eps - diluted (p)	302.00		225.50		234.80		317.50
dividends per share	100.00		110.00		118.00		136.00

Spirax-sarco Engineering Balance Sheet

Balance Sheet
	31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)		31 Dec 2021 (GBP)


	31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)		31 Dec 2021 (GBP)
ASSETS
fixed assets	230.80	14.85%	251.20	14.83%	261.30	14.97%	340.30	18.26%	m
intangibles	645.20	41.52%	762.40	45.00%	739.00	42.35%	666.90	35.79%	m
fixed investments	-	-%	0.20	0.01%	-	-%	-	-%	m
current assets - other	32.90	2.12%	35.30	2.08%	31.80	1.82%	44.70	2.40%	m
stocks	160.60	10.34%	185.90	10.97%	180.10	10.32%	201.30	10.80%	m
debtors	297.20	19.13%	290.80	17.16%	286.70	16.43%	335.40	18.00%	m
cash & securities	187.10	12.04%	168.50	9.95%	246.20	14.11%	274.60	14.74%	m

TOTAL	1,553.80	100%	1,694.30	100%	1,745.10	100%	1,863.20	100%	m

LIABILITIES
creditors - short	253.30	16.30%	250.60	14.79%	228.00	13.07%	381.70	20.49%	m
creditors - long	533.60	34.34%	617.40	36.44%	661.10	37.88%	471.50	25.31%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	786.90	50.64%	868.00	51.23%	889.10	50.95%	853.20	45.79%	m

EQUITY
ord cap, reserves	765.80	49.29%	825.30	48.71%	855.00	48.99%	1,009.00	54.15%	m
prefs, minorities	1.10	0.07%	1.00	0.06%	1.00	0.06%	1.00	0.05%	m

TOTAL	766.90	49.36%	826.30	48.77%	856.00	49.05%	1,010.00	54.21%	m

OTHER
NAV Basic	-		-		-		-
NAV Diluted	-		-		-		-

Spirax-sarco Engineering Cash Flow Statement

%1$s Cash Flow Statement
	31 Dec 2018 (GBP)	31 Dec 2019 (GBP)	31 Dec 2020 (GBP)	31 Dec 2021 (GBP)
Operating CF	204.90	227.40	259.20	273.40	m
Pre-Financing CF	223.30	52.00	208.10	214.70	m
Retained CF	39.60	-5.50	55.60	1.40	m

Spirax-sarco Engineering Brokers

%1$s Brokers
Name	Activity	Type	Mnemonic	Code
THE ROYAL BANK OF SCOT N.V.	Market Maker(MME)	Broker/Dealer	RBSM	ABNAGB22
Arbuthnot Securities Limited	Market Maker(MME)	Broker/Dealer	ARBT	ALESGB31MKT
Altium Capital Limited	Market Maker(MME)	Broker/Dealer	ALTI	APCFGB21
CREDIT SUISSE SEC (EUROPE) LTD	Market Maker(MME)	Broker/Dealer	CSFB	CSFBGB2L
Deutsche Bank AG London Branch	Market Maker(MME)	Broker/Dealer	DEUT	DEUTGB2L
Commerzbank AG	Market Maker(MME)	Broker/Dealer	KLWT	DRESGB2LPST
Evolution Securities Limited	Market Maker(MME)	Broker/Dealer	EVO	EVBGGB21MMT
Goldman Sachs International	Market Maker(MME)	Broker/Dealer	GSCO	GSILGB2X
HSBC Bank plc	Market Maker(MME)	Broker/Dealer	HSBC	JCAPGB2L
Jefferies International Ltd	Market Maker(MME)	Broker/Dealer	JEFF	JEFFGB2X
J.P. Morgan Securities Ltd	Market Maker(MME)	Broker/Dealer	JPMS	JPMSGB2L
Morgan Stanley Securities Ltd	Market Maker(MME)	Broker/Dealer	MOST	MSSEGB21
Citigrp Global Mkt UK Equities	Market Maker(MME)	Broker/Dealer	CITI	SBUKGB21
Merrill Lynch International	Market Maker(MME)	Broker/Dealer	MLSB	SNCSGB2LBIC
UBS AG	Market Maker(MME)	Broker/Dealer	UBS.	UBSWGB2LEQU
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC

Spirax-sarco Engineering Plc (SPX) Financials

SPX

Spirax-sarco Engineering Key Figures

Spirax-sarco Engineering Balance Sheet

Share Price Performance

Share Price Chart (5 years)

Spirax-sarco Engineering Historic Returns

Spirax-sarco Engineering Key Management Ratios

Spirax-sarco Engineering Investment Ratios

Spirax-sarco Engineering Financial Ratios

Spirax-sarco Engineering Operating Ratios

Spirax-sarco Engineering Dividends

Spirax-sarco Engineering Fundamentals

Spirax-sarco Engineering Balance Sheet

Spirax-sarco Engineering Cash Flow Statement

Spirax-sarco Engineering Brokers