Intrinsiqq

Spirax Group plc (SPX.XLON) Quality Score

SPX.XLON
Quality41

Business quality is the primary weakness (avg 25/100). No single area scores well.

Broad-market heuristics · Not a buy/sell signal

Valuation and growth

Earnings Multiple
40/100
33.0x

Above 30x, priced for sustained outperformance

Cash Flow Multiple
80/100
23.6x

20–25x, moderate cash flow premium

Revenue Growth
0/100
1.9%

Below 2%, essentially flat

Cash Flow Growth
100/100
22.7%

Above 10% CAGR, strong compounder

Business Quality & Capital Allocation

Share Dilution
60/100
0.1%

Mild dilution under 2%

Margin Trend
0/100
-4.1pp

Contracted >2pp, margin pressure

Capital Structure
0/100
£655M

Net debt/FCF of 2.9x, high leverage

2022
£329M
£1.08B
2023
£360M
£1.12B
2024
£334M
£1.03B
2025
£369M
£1.02B
Return on Capital
40/100
8.6%

8–10%, clearing the bar

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Spirax Group (SPX.XLON) quality: score, margins and returns

Spirax Group (SPX.XLON) scores 41/100 on Intrinsiqq's quality score (a mixed business), a weighted blend of 8 metrics each scored 0 to 100, on 15.6% operating margins and 8.6% ROIC. Every metric is computed from company filings; this is analysis, not investment advice.

Frequently asked

Is Spirax Group (SPX.XLON) a high-quality business?+

Spirax Group scores 41 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which rates it a mixed business on these measures. Recent figures include a 15.6% operating margin and a 8.6% return on invested capital. Quality and price are separate questions: even a great business can be a poor investment if you overpay, so read this score alongside the valuation. The metric-by-metric breakdown is on this scorecard.

What does Spirax Group's quality score measure?+

Intrinsiqq's quality score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, change in share count, and balance-sheet strength, each computed from SPX.XLON's company filings rather than opinion or sentiment. A higher score means a more durable, capital-efficient business; it is not a buy or sell signal. Open each metric on this page to see exactly where Spirax Group scores well and where it falls behind.

What is Spirax Group's return on invested capital (ROIC)?+

Spirax Group earns about 8.6% on its invested capital, which is modest. ROIC measures how much profit a company generates per dollar put to work; sustained ROIC above its cost of capital is one of the clearest signs of a real competitive moat. Compare it to SPX.XLON's margins and growth on this scorecard to judge durability.

How profitable is Spirax Group?+

Spirax Group runs an operating margin of about 15.6% and a net margin of about 9.6%. Revenue has grown at roughly 6.1% a year recently. High, stable margins usually point to pricing power and operating discipline. Margins are most telling next to growth and returns on capital, all of which feed this quality score. This is analysis from company filings, not investment advice.

How the market compares: US profitability statistics

Related stocks: Specialty Industrial Machinery

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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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