Added to YB: 2024-03-04
Pitch date: 2024-03-01
SXS.L [neutral]
Spectris plc
+30.93%
current return
Author Info
No bio for this author
Company Info
Spectris plc provides precision measurement solutions worldwide. It operates through Spectris Scientific, Spectris Dynamics, and Other segments.
Market Cap
GBP 3.3B
Pitch Price
GBP 31.64
Price Target
3.4K (+8117%)
Dividend
2.41%
EV/EBITDA
12.49
P/E
23.53
EV/Sales
2.22
Sector
Electronic Equipment, Instruments and Components
Category
value
The Dividend Note - 30+ years of dividend growth - $SXS.L
SXS FY22: Rev £1.45B +9%, op profit £189M, margin 13%, EPS 140p +31%, div 79.2p +5% (34 yrs growth). Life sci/pharma demand normalizing. £138M net cash after £115M buyback. Subdued 2024 guide post Red Lion sale (was 8% op profit). 17x PE, 2.4% yield seem pricey, more attractive near £30 on same outlook.
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