SPX TECHNOLOGIES INC (SPXC) Stock Fundamental Analysis
USA - NYSE:SPXC - US78473E1038 - Common Stock
188.32 USD
-2.57 (-1.35%)
188.32 USD
0 (0%)
Overall SPXC gets a fundamental rating of 5 out of 10. We evaluated SPXC against 129 industry peers in the Machinery industry. While SPXC has a great profitability rating, there are some minor concerns on its financial health. While showing a medium growth rate, SPXC is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year SPXC was profitable.
In the past year SPXC had a positive cash flow from operations.
SPXC had positive earnings in each of the past 5 years.
SPXC had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
SPXC has a Return On Assets of 6.37%. This is in the better half of the industry: SPXC outperforms 65.89% of its industry peers.
SPXC's Return On Equity of 13.74% is fine compared to the rest of the industry. SPXC outperforms 70.54% of its industry peers.
SPXC has a Return On Invested Capital of 8.86%. This is in the better half of the industry: SPXC outperforms 62.79% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SPXC is below the industry average of 10.04%.
The 3 year average ROIC (7.42%) for SPXC is below the current ROIC(8.86%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.37% | ||
| ROE | 13.74% | ||
| ROIC | 8.86% |
ROA(3y)3.69%
ROA(5y)6.3%
ROE(3y)7.34%
ROE(5y)15.21%
ROIC(3y)7.42%
ROIC(5y)6.2%
1.3 Margins
SPXC has a Profit Margin of 10.27%. This is in the better half of the industry: SPXC outperforms 72.09% of its industry peers.
SPXC's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 15.86%, SPXC is in the better half of the industry, outperforming 75.19% of the companies in the same industry.
In the last couple of years the Operating Margin of SPXC has grown nicely.
SPXC has a Gross Margin of 40.95%. This is in the better half of the industry: SPXC outperforms 75.19% of its industry peers.
In the last couple of years the Gross Margin of SPXC has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.86% | ||
| PM (TTM) | 10.27% | ||
| GM | 40.95% |
OM growth 3Y33.6%
OM growth 5Y16.47%
PM growth 3Y-33.83%
PM growth 5Y16.81%
GM growth 3Y4.4%
GM growth 5Y6.86%
2. Health
2.1 Basic Checks
SPXC has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for SPXC has been increased compared to 1 year ago.
The number of shares outstanding for SPXC has been increased compared to 5 years ago.
Compared to 1 year ago, SPXC has an improved debt to assets ratio.
2.2 Solvency
SPXC has an Altman-Z score of 4.45. This indicates that SPXC is financially healthy and has little risk of bankruptcy at the moment.
SPXC has a Altman-Z score of 4.45. This is in the better half of the industry: SPXC outperforms 68.99% of its industry peers.
The Debt to FCF ratio of SPXC is 4.66, which is a neutral value as it means it would take SPXC, 4.66 years of fcf income to pay off all of its debts.
SPXC's Debt to FCF ratio of 4.66 is in line compared to the rest of the industry. SPXC outperforms 55.81% of its industry peers.
SPXC has a Debt/Equity ratio of 0.65. This is a neutral value indicating SPXC is somewhat dependend on debt financing.
SPXC has a worse Debt to Equity ratio (0.65) than 64.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 4.66 | ||
| Altman-Z | 4.45 |
ROIC/WACC0.91
WACC9.72%
2.3 Liquidity
A Current Ratio of 1.97 indicates that SPXC should not have too much problems paying its short term obligations.
SPXC has a Current ratio (1.97) which is in line with its industry peers.
SPXC has a Quick Ratio of 1.28. This is a normal value and indicates that SPXC is financially healthy and should not expect problems in meeting its short term obligations.
SPXC has a Quick ratio (1.28) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.97 | ||
| Quick Ratio | 1.28 |
3. Growth
3.1 Past
SPXC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 19.08%, which is quite good.
The Earnings Per Share has been growing by 15.24% on average over the past years. This is quite good.
The Revenue has grown by 13.94% in the past year. This is quite good.
The Revenue has been growing slightly by 5.40% on average over the past years.
EPS 1Y (TTM)19.08%
EPS 3Y31.31%
EPS 5Y15.24%
EPS Q2Q%16.2%
Revenue 1Y (TTM)13.94%
Revenue growth 3Y17.61%
Revenue growth 5Y5.4%
Sales Q2Q%10.19%
3.2 Future
Based on estimates for the next years, SPXC will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.90% on average per year.
Based on estimates for the next years, SPXC will show a small growth in Revenue. The Revenue will grow by 6.02% on average per year.
EPS Next Y20.13%
EPS Next 2Y16.53%
EPS Next 3Y14.42%
EPS Next 5Y10.9%
Revenue Next Year13.25%
Revenue Next 2Y10.61%
Revenue Next 3Y9.48%
Revenue Next 5Y6.02%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
SPXC is valuated quite expensively with a Price/Earnings ratio of 31.76.
Based on the Price/Earnings ratio, SPXC is valued a bit more expensive than the industry average as 62.02% of the companies are valued more cheaply.
SPXC's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.76.
The Price/Forward Earnings ratio is 24.90, which indicates a rather expensive current valuation of SPXC.
SPXC's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of SPXC to the average of the S&P500 Index (23.21), we can say SPXC is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.76 | ||
| Fwd PE | 24.9 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SPXC is valued a bit more expensive than the industry average as 68.22% of the companies are valued more cheaply.
SPXC's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. SPXC is more expensive than 65.12% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 42.56 | ||
| EV/EBITDA | 23.77 |
4.3 Compensation for Growth
SPXC's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of SPXC may justify a higher PE ratio.
A more expensive valuation may be justified as SPXC's earnings are expected to grow with 14.42% in the coming years.
PEG (NY)1.58
PEG (5Y)2.08
EPS Next 2Y16.53%
EPS Next 3Y14.42%
5. Dividend
5.1 Amount
SPXC does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
188.32
-2.57 (-1.35%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners91.78%
Inst Owner Change0%
Ins Owners3.06%
Ins Owner Change-0.1%
Market Cap9.30B
Analysts88.57
Price Target209.89 (11.45%)
Short Float %2.28%
Short Ratio2.75
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.33%
Min EPS beat(2)11.34%
Max EPS beat(2)15.31%
EPS beat(4)3
Avg EPS beat(4)6.32%
Min EPS beat(4)-1.85%
Max EPS beat(4)15.31%
EPS beat(8)6
Avg EPS beat(8)7.25%
EPS beat(12)10
Avg EPS beat(12)14.36%
EPS beat(16)13
Avg EPS beat(16)11.86%
Revenue beat(2)0
Avg Revenue beat(2)-1.38%
Min Revenue beat(2)-1.83%
Max Revenue beat(2)-0.93%
Revenue beat(4)0
Avg Revenue beat(4)-2.46%
Min Revenue beat(4)-5.31%
Max Revenue beat(4)-0.93%
Revenue beat(8)2
Avg Revenue beat(8)-1.45%
Revenue beat(12)6
Avg Revenue beat(12)1.28%
Revenue beat(16)7
Avg Revenue beat(16)0.4%
PT rev (1m)0%
PT rev (3m)17.47%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.85%
EPS NY rev (1m)1.6%
EPS NY rev (3m)3.91%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.06%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.76 | ||
| Fwd PE | 24.9 | ||
| P/S | 4.53 | ||
| P/FCF | 42.56 | ||
| P/OCF | 37.29 | ||
| P/B | 6.07 | ||
| P/tB | N/A | ||
| EV/EBITDA | 23.77 |
EPS(TTM)5.93
EY3.15%
EPS(NY)7.56
Fwd EY4.02%
FCF(TTM)4.43
FCFY2.35%
OCF(TTM)5.05
OCFY2.68%
SpS41.55
BVpS31.04
TBVpS-8.55
PEG (NY)1.58
PEG (5Y)2.08
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.37% | ||
| ROE | 13.74% | ||
| ROCE | 11.47% | ||
| ROIC | 8.86% | ||
| ROICexc | 9.28% | ||
| ROICexgc | 32.22% | ||
| OM | 15.86% | ||
| PM (TTM) | 10.27% | ||
| GM | 40.95% | ||
| FCFM | 10.65% |
ROA(3y)3.69%
ROA(5y)6.3%
ROE(3y)7.34%
ROE(5y)15.21%
ROIC(3y)7.42%
ROIC(5y)6.2%
ROICexc(3y)7.93%
ROICexc(5y)6.67%
ROICexgc(3y)26.34%
ROICexgc(5y)19.42%
ROCE(3y)9.52%
ROCE(5y)8.03%
ROICexcg growth 3Y80.68%
ROICexcg growth 5Y32.98%
ROICexc growth 3Y48.19%
ROICexc growth 5Y15.92%
OM growth 3Y33.6%
OM growth 5Y16.47%
PM growth 3Y-33.83%
PM growth 5Y16.81%
GM growth 3Y4.4%
GM growth 5Y6.86%
F-Score7
Asset Turnover0.62
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 4.66 | ||
| Debt/EBITDA | 2.29 | ||
| Cap/Depr | 28.96% | ||
| Cap/Sales | 1.51% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 57.71% | ||
| Profit Quality | 103.75% | ||
| Current Ratio | 1.97 | ||
| Quick Ratio | 1.28 | ||
| Altman-Z | 4.45 |
F-Score7
WACC9.72%
ROIC/WACC0.91
Cap/Depr(3y)37.86%
Cap/Depr(5y)37.56%
Cap/Sales(3y)1.46%
Cap/Sales(5y)1.31%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)19.08%
EPS 3Y31.31%
EPS 5Y15.24%
EPS Q2Q%16.2%
EPS Next Y20.13%
EPS Next 2Y16.53%
EPS Next 3Y14.42%
EPS Next 5Y10.9%
Revenue 1Y (TTM)13.94%
Revenue growth 3Y17.61%
Revenue growth 5Y5.4%
Sales Q2Q%10.19%
Revenue Next Year13.25%
Revenue Next 2Y10.61%
Revenue Next 3Y9.48%
Revenue Next 5Y6.02%
EBIT growth 1Y40.05%
EBIT growth 3Y57.13%
EBIT growth 5Y22.75%
EBIT Next Year35.39%
EBIT Next 3Y19.29%
EBIT Next 5Y11.45%
FCF growth 1Y2412.64%
FCF growth 3Y14.53%
FCF growth 5Y13.64%
OCF growth 1Y813.92%
OCF growth 3Y17.87%
OCF growth 5Y13.98%