SPX TECHNOLOGIES INC (SPXC) Stock Fundamental Analysis
USA - NYSE:SPXC - US78473E1038 - Common Stock
190.48 USD
+5.57 (+3.01%)
190.48 USD
0 (0%)
Taking everything into account, SPXC scores 5 out of 10 in our fundamental rating. SPXC was compared to 128 industry peers in the Machinery industry. SPXC has an excellent profitability rating, but there are some minor concerns on its financial health. SPXC is valied quite expensively at the moment, while it does show a decent growth rate.
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.
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
SPXC has a Return On Assets of 6.37%. This is in the better half of the industry: SPXC outperforms 64.84% of its industry peers.
The Return On Equity of SPXC (13.74%) is better than 69.53% of its industry peers.
Looking at the Return On Invested Capital, with a value of 8.86%, SPXC is in the better half of the industry, outperforming 61.72% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for SPXC is below the industry average of 10.02%.
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
SPXC has a Profit Margin of 10.27%. This is in the better half of the industry: SPXC outperforms 71.88% of its industry peers.
SPXC's Profit Margin has improved in the last couple of years.
SPXC has a better Operating Margin (15.86%) than 75.78% of its industry peers.
In the last couple of years the Operating Margin of SPXC has grown nicely.
SPXC's Gross Margin of 40.95% is fine compared to the rest of the industry. SPXC outperforms 75.78% 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
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.
SPXC has more shares outstanding than it did 5 years ago.
The debt/assets ratio for SPXC has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 4.44 indicates that SPXC is not in any danger for bankruptcy at the moment.
SPXC has a Altman-Z score of 4.44. This is in the better half of the industry: SPXC outperforms 71.88% 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.
SPXC's Debt to FCF ratio of 4.66 is in line compared to the rest of the industry. SPXC outperforms 53.91% of its industry peers.
A Debt/Equity ratio of 0.65 indicates that SPXC is somewhat dependend on debt financing.
SPXC has a worse Debt to Equity ratio (0.65) than 64.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 4.66 | ||
| Altman-Z | 4.44 |
ROIC/WACC0.89
WACC9.96%
2.3 Liquidity
A Current Ratio of 1.97 indicates that SPXC should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.97, SPXC is in line with its industry, outperforming 50.78% of the companies in the same industry.
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 comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.97 | ||
| Quick Ratio | 1.28 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 19.08% over the past year.
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.
Looking at the last year, SPXC shows a quite strong growth in Revenue. The Revenue has grown by 13.94% in the last year.
SPXC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.40% yearly.
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
The Earnings Per Share is expected to grow by 10.90% on average over the next years. This is quite good.
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 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.
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
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 the industry average as 63.28% of the companies are valued more cheaply.
The average S&P500 Price/Earnings ratio is at 27.41. SPXC is around the same levels.
A Price/Forward Earnings ratio of 25.37 indicates a quite expensive valuation of SPXC.
The rest of the industry has a similar Price/Forward Earnings ratio as SPXC.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.88, SPXC is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.12 | ||
| Fwd PE | 25.37 |
4.2 Price Multiples
68.75% of the companies in the same industry are cheaper than SPXC, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, SPXC is valued a bit more expensive than the industry average as 65.63% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 43.05 | ||
| 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.
The decent profitability rating of SPXC may justify a higher PE ratio.
SPXC's earnings are expected to grow with 14.42% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.76
PEG (5Y)2.11
EPS Next 2Y16.11%
EPS Next 3Y14.42%
5. Dividend
5.1 Amount
No dividends for SPXC!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
190.48
+5.57 (+3.01%)
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 Change-0.01%
Market Cap9.41B
Analysts88.57
Price Target209.89 (10.19%)
Short Float %2.22%
Short Ratio2.74
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)19.98%
EPS NQ rev (1m)0.83%
EPS NQ rev (3m)0.93%
EPS NY rev (1m)2.46%
EPS NY rev (3m)2.22%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.04%
Revenue NY rev (1m)1.28%
Revenue NY rev (3m)1.42%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.12 | ||
| Fwd PE | 25.37 | ||
| P/S | 4.58 | ||
| P/FCF | 43.05 | ||
| 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
WACC9.96%
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%