SPX TECHNOLOGIES INC (SPXC) Stock Fundamental Analysis
NYSE:SPXC - US78473E1038 - Common Stock
190.47 USD
+4.19 (+2.25%)
190.47 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to SPXC. SPXC was compared to 127 industry peers in the Machinery industry. While SPXC belongs to the best of the industry regarding profitability, 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.
SPXC had a positive operating cash flow in the past year.
Each year in the past 5 years SPXC has been profitable.
SPXC had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 6.37%, SPXC is doing good in the industry, outperforming 62.99% of the companies in the same industry.
Looking at the Return On Equity, with a value of 13.74%, SPXC is in the better half of the industry, outperforming 67.72% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 8.86%, SPXC is in the better half of the industry, outperforming 61.42% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for SPXC is below the industry average of 10.47%.
The last Return On Invested Capital (8.86%) for SPXC is above the 3 year average (7.42%), which is a sign of increasing profitability.
| 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
The Profit Margin of SPXC (10.27%) is better than 70.08% of its industry peers.
In the last couple of years the Profit Margin of SPXC has grown nicely.
SPXC's Operating Margin of 15.86% is fine compared to the rest of the industry. SPXC outperforms 74.80% of its industry peers.
In the last couple of years the Operating Margin of SPXC has grown nicely.
The Gross Margin of SPXC (40.95%) is better than 75.59% of its industry peers.
SPXC's Gross Margin has improved in the last couple of years.
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SPXC is destroying value.
Compared to 1 year ago, SPXC has more shares outstanding
The number of shares outstanding for SPXC has been increased compared to 5 years ago.
SPXC has a better debt/assets ratio than last year.
2.2 Solvency
SPXC has an Altman-Z score of 4.44. This indicates that SPXC is financially healthy and has little risk of bankruptcy at the moment.
SPXC's Altman-Z score of 4.44 is fine compared to the rest of the industry. SPXC outperforms 70.87% of its industry peers.
SPXC has a debt to FCF ratio of 4.66. This is a neutral value as SPXC would need 4.66 years to pay back of all of its debts.
The Debt to FCF ratio of SPXC (4.66) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.65 indicates that SPXC is somewhat dependend on debt financing.
SPXC's Debt to Equity ratio of 0.65 is on the low side compared to the rest of the industry. SPXC is outperformed by 66.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 4.66 | ||
| Altman-Z | 4.44 |
ROIC/WACC0.89
WACC9.94%
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.
Looking at the Quick ratio, with a value of 1.28, SPXC is in line with its industry, outperforming 53.54% of the companies in the same industry.
| 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.
Measured over the past years, SPXC shows a quite strong growth in Earnings Per Share. The EPS has been growing by 15.24% on average per year.
SPXC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.94%.
Measured over the past years, SPXC shows a small growth in Revenue. The Revenue has been growing by 5.40% on average per year.
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
SPXC is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.90% yearly.
SPXC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.02% yearly.
EPS Next Y18.24%
EPS Next 2Y16.11%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 32.12, which means the current valuation is very expensive for SPXC.
Based on the Price/Earnings ratio, SPXC is valued a bit more expensive than 63.78% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.24. SPXC is around the same levels.
The Price/Forward Earnings ratio is 25.37, which means the current valuation is very expensive for SPXC.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SPXC is on the same level as its industry peers.
SPXC is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.81, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.12 | ||
| Fwd PE | 25.37 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SPXC is valued a bit more expensive than 68.50% of the companies in the same industry.
SPXC's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. SPXC is more expensive than 66.93% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 43.04 | ||
| EV/EBITDA | 23.72 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
SPXC has a very decent profitability rating, which 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)1.76
PEG (5Y)2.11
EPS Next 2Y16.11%
EPS Next 3Y14.42%
5. Dividend
5.1 Amount
SPXC does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
190.47
+4.19 (+2.25%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners96.97%
Inst Owner Change1.45%
Ins Owners3.24%
Ins Owner Change8.41%
Market Cap9.41B
Analysts87.69
Price Target209.89 (10.2%)
Short Float %2.27%
Short Ratio2.68
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)10.51%
PT rev (3m)23.36%
EPS NQ rev (1m)0.74%
EPS NQ rev (3m)1.09%
EPS NY rev (1m)2.46%
EPS NY rev (3m)2.22%
Revenue NQ rev (1m)2.02%
Revenue NQ rev (3m)5.83%
Revenue NY rev (1m)1.28%
Revenue NY rev (3m)1.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.12 | ||
| Fwd PE | 25.37 | ||
| P/S | 4.58 | ||
| P/FCF | 43.04 | ||
| P/OCF | 37.71 | ||
| P/B | 6.14 | ||
| P/tB | N/A | ||
| EV/EBITDA | 23.72 |
EPS(TTM)5.93
EY3.11%
EPS(NY)7.51
Fwd EY3.94%
FCF(TTM)4.43
FCFY2.32%
OCF(TTM)5.05
OCFY2.65%
SpS41.55
BVpS31.04
TBVpS-8.55
PEG (NY)1.76
PEG (5Y)2.11
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 | 4.44 |
F-Score7
WACC9.94%
ROIC/WACC0.89
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 Y18.24%
EPS Next 2Y16.11%
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 Year35.69%
EBIT Next 3Y19.25%
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%