Spirax-Sarco Engineering plc
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
Spirax-Sarco Engineering plc (SPXSF) - Net Assets
Latest net assets as of December 2025: $1.22 Billion USD
Based on the latest financial reports, Spirax-Sarco Engineering plc (SPXSF) has net assets worth $1.22 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.66 Billion) and total liabilities ($1.44 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.22 Billion |
| % of Total Assets | 45.93% |
| Annual Growth Rate | 8.24% |
| 5-Year Change | 21.0% |
| 10-Year Change | 133.05% |
| Growth Volatility | 10.38 |
Spirax-Sarco Engineering plc - Net Assets Trend (1985–2025)
This chart illustrates how Spirax-Sarco Engineering plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Spirax-Sarco Engineering plc (1985–2025)
The table below shows the annual net assets of Spirax-Sarco Engineering plc from 1985 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.22 Billion | +1.07% |
| 2024-12-31 | $1.21 Billion | +4.45% |
| 2023-12-31 | $1.16 Billion | -1.03% |
| 2022-12-31 | $1.17 Billion | +15.82% |
| 2021-12-31 | $1.01 Billion | +17.99% |
| 2020-12-31 | $856.00 Million | +3.59% |
| 2019-12-31 | $826.30 Million | +7.75% |
| 2018-12-31 | $766.90 Million | +25.82% |
| 2017-12-31 | $609.50 Million | +16.23% |
| 2016-12-31 | $524.40 Million | +31.65% |
| 2015-12-31 | $398.31 Million | -9.86% |
| 2014-12-31 | $441.88 Million | +9.50% |
| 2013-12-31 | $403.53 Million | -7.56% |
| 2012-12-31 | $436.55 Million | +9.10% |
| 2011-12-31 | $400.12 Million | +5.43% |
| 2010-12-31 | $379.52 Million | +23.48% |
| 2009-12-31 | $307.36 Million | +3.84% |
| 2008-12-31 | $296.01 Million | +21.83% |
| 2007-12-31 | $242.97 Million | +21.65% |
| 2006-12-31 | $199.72 Million | +0.74% |
| 2005-12-31 | $198.25 Million | +19.22% |
| 2004-12-31 | $166.29 Million | +1.51% |
| 2003-12-31 | $163.82 Million | +9.73% |
| 2002-12-31 | $149.29 Million | +2.88% |
| 2001-12-31 | $145.12 Million | +4.96% |
| 2000-12-31 | $138.26 Million | +7.40% |
| 1999-12-31 | $128.74 Million | -5.48% |
| 1998-12-31 | $136.20 Million | +5.77% |
| 1997-12-31 | $128.77 Million | +7.40% |
| 1996-12-31 | $119.90 Million | -2.14% |
| 1995-12-31 | $122.52 Million | +19.11% |
| 1994-12-31 | $102.86 Million | +14.42% |
| 1993-12-31 | $89.90 Million | +1.09% |
| 1992-12-31 | $88.93 Million | +24.10% |
| 1991-12-31 | $71.66 Million | +12.87% |
| 1990-12-31 | $63.49 Million | -16.27% |
| 1989-12-31 | $75.82 Million | +11.30% |
| 1988-12-31 | $68.12 Million | +9.08% |
| 1987-12-31 | $62.45 Million | +0.61% |
| 1986-12-31 | $62.08 Million | +20.51% |
| 1985-12-31 | $51.51 Million | -- |
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 7677.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.24 Billion | 101.20% |
| Common Stock | $19.90 Million | 1.63% |
| Other Comprehensive Income | $-126.68 Million | -10.37% |
| Other Components | $92.09 Million | 7.54% |
| Total Equity | $1.22 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 |
|---|---|
|
Direct Line Insurance Group PLC
PINK:DIISY
|
$5.85 Billion |
|
Whitbread plc
PINK:WTBCF
|
$5.85 Billion |
|
Guangdong Haid Group Co Ltd
SHE:002311
|
$5.86 Billion |
|
Sanan Optoelectronics Co Ltd
SHG:600703
|
$5.86 Billion |
|
TXNM Energy, Inc.
NYSE:TXNM
|
$5.84 Billion |
|
PharmaEssentia
TW:6446
|
$5.84 Billion |
|
Compagnie Générale des Établissements Michelin Société en commandite par actions
PINK:MGDDF
|
$5.84 Billion |
|
PB Fintech Limited
NSE:POLICYBZR
|
$5.84 Billion |
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 2024 to 2025, total equity changed from 1,208,800,000 to 1,221,901,961, a change of 13,101,961 (1.1%).
- Net income of 163,373,521 contributed positively to equity growth.
- Dividend payments of 122,780,100 reduced retained earnings.
- Other comprehensive income decreased equity by 33,079,469.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $163.37 Million | +13.37% |
| Dividends Paid | $122.78 Million | -10.05% |
| Other Comprehensive Income | $-33.08 Million | -2.71% |
| Other Changes | $5.59 Million | +0.46% |
| Total Change | $- | 1.08% |
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: 4.87x
- 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 106.37x to 4.87x 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 | $0.76 | $80.50 | x |
| 1986-12-31 | $0.91 | $80.50 | x |
| 1987-12-31 | $0.91 | $80.50 | x |
| 1988-12-31 | $0.98 | $80.50 | x |
| 1989-12-31 | $1.06 | $80.50 | x |
| 1990-12-31 | $0.88 | $80.50 | x |
| 1991-12-31 | $1.00 | $80.50 | x |
| 1992-12-31 | $1.21 | $80.50 | x |
| 1993-12-31 | $1.20 | $80.50 | x |
| 1994-12-31 | $1.36 | $80.50 | x |
| 1995-12-31 | $1.63 | $80.50 | x |
| 1996-12-31 | $1.59 | $80.50 | x |
| 1997-12-31 | $1.71 | $80.50 | x |
| 1998-12-31 | $1.80 | $80.50 | x |
| 1999-12-31 | $1.74 | $80.50 | x |
| 2000-12-31 | $1.95 | $80.50 | x |
| 2001-12-31 | $2.07 | $80.50 | x |
| 2002-12-31 | $2.13 | $80.50 | x |
| 2003-12-31 | $2.31 | $80.50 | x |
| 2004-12-31 | $2.35 | $80.50 | x |
| 2005-12-31 | $2.77 | $80.50 | x |
| 2006-12-31 | $2.78 | $80.50 | x |
| 2007-12-31 | $3.42 | $80.50 | x |
| 2008-12-31 | $4.15 | $80.50 | x |
| 2009-12-31 | $4.32 | $80.50 | x |
| 2010-12-31 | $5.25 | $80.50 | x |
| 2011-12-31 | $5.47 | $80.50 | x |
| 2012-12-31 | $5.95 | $80.50 | x |
| 2013-12-31 | $5.42 | $80.50 | x |
| 2014-12-31 | $6.02 | $80.50 | x |
| 2015-12-31 | $5.32 | $80.50 | x |
| 2016-12-31 | $7.11 | $80.50 | x |
| 2017-12-31 | $8.24 | $80.50 | x |
| 2018-12-31 | $10.38 | $80.50 | x |
| 2019-12-31 | $11.17 | $80.50 | x |
| 2020-12-31 | $11.57 | $80.50 | x |
| 2021-12-31 | $13.65 | $80.50 | x |
| 2022-12-31 | $15.84 | $80.50 | x |
| 2023-12-31 | $15.68 | $80.50 | x |
| 2024-12-31 | $16.36 | $80.50 | x |
| 2025-12-31 | $16.53 | $80.50 | 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): 13.37%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.60%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 2.18x
- Recent ROE (13.37%) is below the historical average (20.11%), 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 | $3.43 Million |
| 1986 | 14.44% | 9.34% | 1.00x | 1.55x | $2.72 Million |
| 1987 | 16.25% | 9.93% | 1.08x | 1.52x | $3.87 Million |
| 1988 | 17.28% | 10.66% | 1.04x | 1.56x | $4.91 Million |
| 1989 | 17.70% | 9.99% | 1.06x | 1.67x | $5.66 Million |
| 1990 | 21.22% | 8.77% | 1.15x | 2.11x | $6.87 Million |
| 1991 | 18.93% | 8.37% | 1.18x | 1.91x | $6.25 Million |
| 1992 | 14.67% | 7.55% | 1.05x | 1.85x | $4.05 Million |
| 1993 | 19.35% | 8.51% | 1.00x | 2.27x | $7.92 Million |
| 1994 | 22.08% | 9.95% | 1.09x | 2.03x | $11.85 Million |
| 1995 | 22.26% | 10.50% | 1.08x | 1.95x | $14.54 Million |
| 1996 | 25.75% | 10.99% | 1.15x | 2.04x | $18.29 Million |
| 1997 | 23.99% | 11.42% | 1.11x | 1.89x | $17.69 Million |
| 1998 | 14.36% | 7.72% | 0.97x | 1.92x | $5.84 Million |
| 1999 | 22.36% | 10.86% | 1.04x | 1.98x | $15.54 Million |
| 2000 | 19.54% | 9.48% | 1.02x | 2.02x | $12.87 Million |
| 2001 | 18.35% | 8.92% | 1.07x | 1.92x | $11.85 Million |
| 2002 | 17.85% | 8.82% | 1.06x | 1.92x | $11.49 Million |
| 2003 | 17.83% | 9.12% | 1.07x | 1.83x | $12.57 Million |
| 2004 | 19.53% | 10.23% | 1.01x | 1.89x | $15.77 Million |
| 2005 | 19.25% | 10.90% | 1.01x | 1.74x | $18.27 Million |
| 2006 | 22.12% | 11.43% | 1.19x | 1.63x | $24.07 Million |
| 2007 | 20.28% | 11.77% | 1.14x | 1.51x | $24.89 Million |
| 2008 | 20.16% | 11.85% | 0.98x | 1.74x | $30.02 Million |
| 2009 | 17.27% | 10.21% | 0.96x | 1.76x | $22.29 Million |
| 2010 | 22.83% | 14.66% | 0.96x | 1.62x | $48.58 Million |
| 2011 | 23.30% | 14.32% | 1.01x | 1.61x | $53.12 Million |
| 2012 | 20.07% | 13.21% | 0.97x | 1.56x | $43.86 Million |
| 2013 | 25.35% | 14.81% | 0.99x | 1.73x | $61.83 Million |
| 2014 | 22.75% | 14.79% | 0.92x | 1.68x | $56.23 Million |
| 2015 | 24.28% | 14.46% | 0.96x | 1.74x | $56.75 Million |
| 2016 | 23.14% | 15.99% | 0.88x | 1.65x | $68.76 Million |
| 2017 | 25.90% | 15.78% | 0.68x | 2.43x | $96.76 Million |
| 2018 | 29.13% | 19.34% | 0.74x | 2.03x | $146.52 Million |
| 2019 | 20.19% | 13.41% | 0.73x | 2.05x | $84.07 Million |
| 2020 | 20.30% | 14.55% | 0.68x | 2.04x | $88.10 Million |
| 2021 | 23.25% | 17.45% | 0.72x | 1.85x | $133.70 Million |
| 2022 | 19.22% | 13.95% | 0.58x | 2.38x | $107.80 Million |
| 2023 | 15.87% | 10.91% | 0.62x | 2.34x | $67.91 Million |
| 2024 | 15.82% | 11.48% | 0.63x | 2.19x | $70.32 Million |
| 2025 | 13.37% | 9.60% | 0.64x | 2.18x | $41.18 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: $45,906,124,380
- Average return on equity (ROE) among peers: -4.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Spirax-Sarco Engineering plc (SPXSF) | $1.22 Billion | 16.72% | 1.18x | $5.84 Billion |
| American Commerce Solutions Inc (AACS) | $-139.81K | 0.00% | 0.00x | $38.47K |
| ATI Airtest Technologies Inc (AATGF) | $-5.34 Million | 0.00% | 0.00x | $2.79 Million |
| ABB Turbo Systems AG (ACLIF) | $349.19 Million | 48.71% | 2.53x | $4.32 Billion |
| Agfa-Gevaert NV (AFGVF) | $1.08 Billion | -13.38% | 2.10x | $91.17 Million |
| Alphaform AG (AFRMF) | $6.63 Million | -93.13% | 1.38x | $691.72 |
| Airtificial Intelligence Structures S.A (AITLF) | $-3.46 Million | 0.00% | 0.00x | $53.18 Million |
| Alfa Laval AB (publ) (ALFVF) | $37.38 Billion | 16.94% | 1.20x | $13.09 Billion |
| Amada Co. Ltd (AMDLY) | $417.00 Billion | 2.92% | 0.33x | $3.72 Billion |
| Ametek Inc (AME) | $3.14 Billion | 16.49% | 0.87x | $48.98 Billion |
| American Superconductor Corporation (AMSC) | $115.10 Million | -26.83% | 0.16x | $1.41 Billion |