Spirax Group (1LNB) Stock Price & Analysis
1LNB Stock Chart & Stats
- Day’s Range
- EUR 88.00 - EUR 88.00
- 52-Week Range
- EUR 72.50 - EUR 92.00
- Previous Close
- EUR 88.50
- Volume
- N/A
- Average Volume (3M)
- 0
- Market Cap
- EUR 6.72B
- Enterprise Value
- EUR 5.76B
- Total Cash (Recent Filing)
- EUR 378.30M
- Total Debt (Recent Filing)
- EUR 1.09B
- Price to Earnings (P/E)
- 27.9
- Beta
- 0.84
- Next Earnings
- Mar 11, 2027 (Est.)
- EPS Estimate
- 2.1
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 2.26%
Bulls Say, Bears Say
Bulls Say
Diversified, Recurring Revenue Model
Spirax's mix of engineered product sales plus recurring aftermarket spares, consumables and services creates durable revenue streams and customer lock‑in. The installed base across steam, pumps and electric heating supports predictable repeat demand and long‑term cash visibility.
High‑margin, Niche Businesses (Watson‑Marlow & ETS)
Watson‑Marlow's consumables and precision pump franchises and ETS's engineered heating systems deliver structurally higher margins and pricing power. Their margin expansion targets reflect sustainable product differentiation, aftermarket pull‑through, and capacity investments that support durable profitability.
Improving Capital Efficiency And Positive FCF
ROCE rising above 35% and continued positive free cash flow indicate efficient capital allocation and the ability to fund organic growth, dividends and deleveraging. This combination supports long‑term financial flexibility despite near‑term cash timing variability.
Bears Say
Multi‑year Margin Compression
A sustained decline in net and EBIT margins over several years signals structural pressure from rising costs, mix shifts or weaker pricing power. If persistent, this erodes return on equity and the company's ability to fund reinvestment or absorb macro shocks, limiting long‑term upside.
Higher Leverage Vs. Prior Years
Material increase in leverage reduces balance‑sheet flexibility and raises vulnerability to profit weakness or rising rates. Although management targets deleveraging by year‑end, elevated net debt relative to earnings constrains M&A optionality and increases financial risk if cash flows dip.
Weaker Cash Conversion And Working‑capital Drag
Lower cash conversion driven by inventory builds and working‑capital absorption reduces durable free cash flow and slows deleveraging. Planned inventory for supply risk and ramp‑up costs at new facilities may persist, making cash generation less predictable over the next several quarters.
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Spirax Group Stock Smart Score
Company Description
Spirax Group
Spirax-Sarco Engineering plc, founded in 1888 and headquartered in Cheltenham, UK, delivers sophisticated engineered solutions across several core technological domains. The company specializes in comprehensive industrial and commercial steam systems, offering products and solutions for condensate management, process control, and thermal energy optimization, which are crucial for diverse applications like heating, curing, cleaning, sterilization, hot water generation, space heating, and humidification. Additionally, Spirax-Sarco provides electrical process heating and temperature management solutions, encompassing industrial heaters, advanced heat tracing systems, and various component technologies tailored for industrial processes. Its expertise also extends to fluid path technologies, featuring peristaltic and niche pumps, associated tubing, and specialized filling systems, particularly for single-use applications. Spirax-Sarco serves a broad spectrum of industries, including food and beverage, pharmaceuticals and biotechnology, oil and gas, chemicals, healthcare, power generation, commercial buildings, mining, water and wastewater treatment, and pulp and paper, alongside original equipment manufacturers. The company distributes its offerings both directly and through a network of partners, maintaining a significant global footprint across Europe, the Middle East, Africa, the Asia Pacific region, and the Americas.
- Sector
- Industrials
- Industry
- Industrial - Machinery
- CEO
- Nimesh Balvir Patel
- Employees
- 10,000
- Website
- www.spiraxgroup.com
- Address
- Charlton House, Cheltenham, GO, GL53 8ER, GB
Spirax Group (1LNB) Earnings & Revenues
1LNB Earnings Call
Earnings Call SentimentPositive
The call presents a broadly positive performance: the group delivered mid‑single‑digit organic sales and profit growth, with notable margin progression in ETS and Watson‑Marlow, improved ROCE, strong order books, and reiterated medium‑term targets. Short‑term headwinds include STS margin phasing, inventory builds for geopolitical risk (reducing H1 cash conversion), temporary leverage slightly above the target range, and exposure to weak industrial production and FX movements. Management highlighted concrete operational and commercial initiatives (digital connections, decarbonization, localized production, and sales reinvestment) that support confidence in delivering full‑year guidance and medium‑term targets. Overall, the positive execution and pipeline momentum outweigh the transitory challenges communicated.
View all DE:1LNB earnings summaries1LNB Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 16 | 1 | 4 |
| Technical Analysis | 4 | 1 | 4 |
| Moving Averages | 12 | 0 | 0 |
