Spirax-Sarco Engineering PLC (SPX) - Net Assets

Latest as of June 2025: GBX1.14 Billion GBX ≈ $138.25K USD

Based on the latest financial reports, Spirax-Sarco Engineering PLC (SPX) has net assets worth GBX1.14 Billion GBX (≈ $138.25K USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX2.58 Billion ≈ $314.47K USD) and total liabilities (GBX1.45 Billion ≈ $176.22K USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check financial resilience of Spirax-Sarco Engineering PLC to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets GBX1.14 Billion
% of Total Assets 43.96%
Annual Growth Rate 8.43%
5-Year Change 41.87%
10-Year Change 203.58%
Growth Volatility 10.45

Spirax-Sarco Engineering PLC - Net Assets Trend (1985–2024)

This chart illustrates how Spirax-Sarco Engineering PLC's net assets have evolved over time, based on quarterly financial data. Also explore SPX total assets for the complete picture of this company's asset base.

Annual Net Assets for Spirax-Sarco Engineering PLC (1985–2024)

The table below shows the annual net assets of Spirax-Sarco Engineering PLC from 1985 to 2024. For live valuation and market cap data, see SPX market cap.

Year Net Assets Change
2024-12-31 GBX1.21 Billion
≈ $147.12K		 +4.45%
2023-12-31 GBX1.16 Billion
≈ $140.86K		 -1.03%
2022-12-31 GBX1.17 Billion
≈ $142.33K		 +15.82%
2021-12-31 GBX1.01 Billion
≈ $122.89K		 +18.50%
2020-12-31 GBX852.30 Million
≈ $103.70K		 +3.15%
2019-12-31 GBX826.30 Million
≈ $100.54K		 +7.75%
2018-12-31 GBX766.90 Million
≈ $93.31K		 +25.82%
2017-12-31 GBX609.50 Million
≈ $74.16K		 +16.23%
2016-12-31 GBX524.40 Million
≈ $63.80K		 +31.65%
2015-12-31 GBX398.31 Million
≈ $48.46K		 -9.86%
2014-12-31 GBX441.88 Million
≈ $53.76K		 +9.50%
2013-12-31 GBX403.53 Million
≈ $49.10K		 -7.56%
2012-12-31 GBX436.55 Million
≈ $53.12K		 +9.10%
2011-12-31 GBX400.12 Million
≈ $48.68K		 +5.43%
2010-12-31 GBX379.52 Million
≈ $46.18K		 +23.48%
2009-12-31 GBX307.36 Million
≈ $37.40K		 +3.84%
2008-12-31 GBX296.01 Million
≈ $36.02K		 +21.83%
2007-12-31 GBX242.97 Million
≈ $29.56K		 +21.65%
2006-12-31 GBX199.72 Million
≈ $24.30K		 +0.74%
2005-12-31 GBX198.25 Million
≈ $24.12K		 +19.22%
2004-12-31 GBX166.29 Million
≈ $20.23K		 +1.51%
2003-12-31 GBX163.82 Million
≈ $19.93K		 +9.73%
2002-12-31 GBX149.29 Million
≈ $18.16K		 +2.88%
2001-12-31 GBX145.12 Million
≈ $17.66K		 +4.96%
2000-12-31 GBX138.26 Million
≈ $16.82K		 +7.40%
1999-12-31 GBX128.74 Million
≈ $15.66K		 -5.48%
1998-12-31 GBX136.20 Million
≈ $16.57K		 +5.77%
1997-12-31 GBX128.77 Million
≈ $15.67K		 +7.40%
1996-12-31 GBX119.90 Million
≈ $14.59K		 -2.14%
1995-12-31 GBX122.52 Million
≈ $14.91K		 +19.11%
1994-12-31 GBX102.86 Million
≈ $12.52K		 +14.42%
1993-12-31 GBX89.90 Million
≈ $10.94K		 +1.09%
1992-12-31 GBX88.93 Million
≈ $10.82K		 +24.10%
1991-12-31 GBX71.66 Million
≈ $8.72K		 +12.87%
1990-12-31 GBX63.49 Million
≈ $7.72K		 -16.27%
1989-12-31 GBX75.82 Million
≈ $9.23K		 +11.30%
1988-12-31 GBX68.12 Million
≈ $8.29K		 +9.08%
1987-12-31 GBX62.45 Million
≈ $7.60K		 +0.61%
1986-12-31 GBX62.08 Million
≈ $7.55K		 +20.51%
1985-12-31 GBX51.51 Million
≈ $6.27K		 --

Equity Component Analysis

This analysis shows how different components contribute to Spirax-Sarco Engineering PLC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 7388.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings GBX1.19 Billion 98.49%
Common Stock GBX19.80 Million 1.64%
Other Comprehensive Income GBX-85.30 Million -7.06%
Other Components GBX83.70 Million 6.92%
Total Equity GBX1.21 Billion 100.00%

Spirax-Sarco Engineering PLC Competitors by Market Cap

The table below lists competitors of Spirax-Sarco Engineering PLC ranked by their market capitalization.

Company Market Cap
Datavan International
TWO:3521
 $63.83 Million
Novotek AB
ST:NTEK-B
 $63.85 Million
Southland Holdings Inc.
NYSE MKT:SLND
 $63.85 Million
Kingstate Electronics
TWO:3206
 $63.85 Million
Pharmhouse Corp
NASDAQ:PHSE
 $63.79 Million
OPAL Fuels Inc
NASDAQ:OPAL
 $63.79 Million
SNC Former Public Company Limited
BK:SNC
 $63.75 Million
Eversendai Corporation Bhd
KLSE:5205
 $63.74 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Spirax-Sarco Engineering PLC's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 1,156,900,000 to 1,208,800,000, a change of 51,900,000 (4.5%).
  • Net income of 191,200,000 contributed positively to equity growth.
  • Dividend payments of 119,300,000 reduced retained earnings.
  • New share issuances of 1,900,000 increased equity.
  • Other comprehensive income decreased equity by 28,000,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income GBX191.20 Million +15.82%
Dividends Paid GBX119.30 Million -9.87%
Share Issuances GBX1.90 Million +0.16%
Other Comprehensive Income GBX-28.00 Million -2.32%
Other Changes GBX6.10 Million +0.5%
Total Change GBX- 4.49%

Book Value vs Market Value Analysis

This analysis compares Spirax-Sarco Engineering PLC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 433.94x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 9378.95x to 433.94x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1985-12-31 GBX0.76 GBX7098.00 x
1986-12-31 GBX0.91 GBX7098.00 x
1987-12-31 GBX0.91 GBX7098.00 x
1988-12-31 GBX0.98 GBX7098.00 x
1989-12-31 GBX1.06 GBX7098.00 x
1990-12-31 GBX0.88 GBX7098.00 x
1991-12-31 GBX1.00 GBX7098.00 x
1992-12-31 GBX1.21 GBX7098.00 x
1993-12-31 GBX1.20 GBX7098.00 x
1994-12-31 GBX1.36 GBX7098.00 x
1995-12-31 GBX1.63 GBX7098.00 x
1996-12-31 GBX1.59 GBX7098.00 x
1997-12-31 GBX1.71 GBX7098.00 x
1998-12-31 GBX1.80 GBX7098.00 x
1999-12-31 GBX1.74 GBX7098.00 x
2000-12-31 GBX1.95 GBX7098.00 x
2001-12-31 GBX2.07 GBX7098.00 x
2002-12-31 GBX2.13 GBX7098.00 x
2003-12-31 GBX2.31 GBX7098.00 x
2004-12-31 GBX2.35 GBX7098.00 x
2005-12-31 GBX2.77 GBX7098.00 x
2006-12-31 GBX2.78 GBX7098.00 x
2007-12-31 GBX3.42 GBX7098.00 x
2008-12-31 GBX4.15 GBX7098.00 x
2009-12-31 GBX4.32 GBX7098.00 x
2010-12-31 GBX5.25 GBX7098.00 x
2011-12-31 GBX5.47 GBX7098.00 x
2012-12-31 GBX5.95 GBX7098.00 x
2013-12-31 GBX5.42 GBX7098.00 x
2014-12-31 GBX6.02 GBX7098.00 x
2015-12-31 GBX5.33 GBX7098.00 x
2016-12-31 GBX7.11 GBX7098.00 x
2017-12-31 GBX8.24 GBX7098.00 x
2018-12-31 GBX10.38 GBX7098.00 x
2019-12-31 GBX11.17 GBX7098.00 x
2020-12-31 GBX11.52 GBX7098.00 x
2021-12-31 GBX13.65 GBX7098.00 x
2022-12-31 GBX15.84 GBX7098.00 x
2023-12-31 GBX15.68 GBX7098.00 x
2024-12-31 GBX16.36 GBX7098.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Spirax-Sarco Engineering PLC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 15.82%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 11.48%
  • • Asset Turnover: 0.63x
  • • Equity Multiplier: 2.19x
  • Recent ROE (15.82%) is below the historical average (20.29%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1985 16.72% 9.76% 1.03x 1.66x GBX3.43 Million
1986 14.44% 9.34% 1.00x 1.55x GBX2.72 Million
1987 16.25% 9.93% 1.08x 1.52x GBX3.87 Million
1988 17.28% 10.66% 1.04x 1.56x GBX4.91 Million
1989 17.70% 9.99% 1.06x 1.67x GBX5.66 Million
1990 21.22% 8.77% 1.15x 2.11x GBX6.87 Million
1991 18.93% 8.37% 1.18x 1.91x GBX6.25 Million
1992 14.67% 7.55% 1.05x 1.85x GBX4.05 Million
1993 19.35% 8.51% 1.00x 2.27x GBX7.92 Million
1994 22.08% 9.95% 1.09x 2.03x GBX11.85 Million
1995 22.26% 10.50% 1.08x 1.95x GBX14.54 Million
1996 25.75% 10.99% 1.15x 2.04x GBX18.29 Million
1997 23.99% 11.42% 1.11x 1.89x GBX17.69 Million
1998 14.36% 7.72% 0.97x 1.92x GBX5.84 Million
1999 22.36% 10.86% 1.04x 1.98x GBX15.54 Million
2000 19.54% 9.48% 1.02x 2.02x GBX12.87 Million
2001 18.35% 8.92% 1.07x 1.92x GBX11.85 Million
2002 17.85% 8.82% 1.06x 1.92x GBX11.49 Million
2003 17.83% 9.12% 1.07x 1.83x GBX12.57 Million
2004 19.53% 10.23% 1.01x 1.89x GBX15.77 Million
2005 19.25% 10.90% 1.01x 1.74x GBX18.27 Million
2006 22.12% 11.43% 1.19x 1.63x GBX24.07 Million
2007 20.28% 11.77% 1.14x 1.51x GBX24.89 Million
2008 20.16% 11.85% 0.98x 1.74x GBX30.02 Million
2009 17.27% 10.21% 0.96x 1.76x GBX22.29 Million
2010 22.83% 14.66% 0.96x 1.62x GBX48.58 Million
2011 23.30% 14.32% 1.01x 1.61x GBX53.12 Million
2012 20.66% 13.61% 0.97x 1.56x GBX46.47 Million
2013 25.35% 14.81% 0.99x 1.73x GBX61.83 Million
2014 22.75% 14.79% 0.92x 1.68x GBX56.23 Million
2015 24.29% 14.47% 0.96x 1.74x GBX56.81 Million
2016 23.14% 15.99% 0.88x 1.65x GBX68.76 Million
2017 25.90% 15.78% 0.68x 2.43x GBX96.76 Million
2018 29.13% 19.34% 0.74x 2.03x GBX146.52 Million
2019 20.19% 13.41% 0.67x 2.25x GBX84.07 Million
2020 20.39% 14.55% 0.69x 2.05x GBX88.47 Million
2021 23.25% 17.45% 0.72x 1.85x GBX133.70 Million
2022 19.22% 13.95% 0.58x 2.38x GBX107.80 Million
2023 15.87% 10.91% 0.62x 2.34x GBX67.91 Million
2024 15.82% 11.48% 0.63x 2.19x GBX70.32 Million

Industry Comparison

This section compares Spirax-Sarco Engineering PLC's net assets metrics with peer companies in the Specialty Industrial Machinery industry.

Industry Context

  • Industry: Specialty Industrial Machinery
  • Average net assets among peers: $90,758,904
  • Average return on equity (ROE) among peers: -4.15%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Spirax-Sarco Engineering PLC (SPX) GBX1.14 Billion 16.72% 1.27x $63.82 Million
Avingtrans Plc (AVG) $98.96 Million 4.03% 0.44x $2.57 Million
Bodycote PLC (BOY) $31.46 Million 18.28% 0.83x $14.10 Million
Castings PLC (CGS) $60.73 Million 11.18% 0.37x $1.42 Million
Clean Power Hydrogen PLC (CPH2) $25.17 Million -13.68% 0.17x $659.67K
EQTEC plc (EQT) $817.04K -127.41% 12.99x $3.20 Million
Goodwin PLC (GDWN) $142.21 Million 17.28% 1.01x $11.18 Million
IMI PLC (IMI) $402.00 Million 32.39% 2.46x $81.97 Million
ITM Power (ITM) $8.44 Million -14.29% 0.02x $12.18 Million
Morgan Advanced Materials plc (MGAM) $96.80 Million 13.43% 1.06x $7.29 Million
MPAC Group PLC (MPAC) $41.00 Million 17.32% 0.93x $859.88K

About Spirax-Sarco Engineering PLC

LSE:SPX UK Specialty Industrial Machinery
Market Cap
$63.82 Million
GBX524.57 Billion GBX
Market Cap Rank
#20938 Global
#136 in UK
Share Price
GBX7098.00
Change (1 day)
-0.98%
52-Week Range
GBX5610.00 - GBX7960.00
All Time High
GBX16362.40
Categories
Companies in UK Specialty Industrial Machinery
About

Spirax Group plc provides thermal energy and fluid technology solutions in Europe, the Middle East, Africa, the Asia Pacific, and the Americas. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum pac… Read more