Company Valuation: Spectris Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2019 2020 2021 2022 2023 2024
Market Cap 1 3,370 3,275 4,052 3,137 3,838 2,479
Change - -2.84% 23.75% -22.58% 22.33% -35.41%
Enterprise Value (EV) 1 3,397 3,209 3,950 2,974 3,762 3,105
Change - -5.54% 23.11% -24.71% 26.48% -17.47%
P/E 14.4x -192x 12x 8.1x 27.1x 10.9x
PBR 2.55x 2.64x 3.21x 2.18x 2.92x 1.79x
PEG - 2x -0x 0.4x -0.4x 0.2x
Capitalization / Revenue 2.07x 2.45x 3.14x 2.36x 2.65x 1.91x
EV / Revenue 2.08x 2.4x 3.06x 2.24x 2.6x 2.39x
EV / EBITDA 20.8x 66.3x 18.3x 13.3x 15.4x 17.4x
EV / EBIT 37.8x -224x 22.7x 16.5x 18.6x 23.1x
EV / FCF 52.1x -138x 14.4x 62.3x 24.2x 36.1x
FCF Yield 1.92% -0.72% 6.94% 1.61% 4.13% 2.77%
Dividend per Share 2 0.651 0.684 0.718 0.754 0.792 0.832
Rate of return 2.24% 2.43% 1.96% 2.51% 2.1% 3.32%
EPS 2 2.016 -0.1464 3.04 3.707 1.394 2.311
Distribution rate 32.3% -467% 23.6% 20.3% 56.8% 36%
Net sales 1 1,632 1,336 1,292 1,327 1,449 1,299
EBITDA 1 163.4 48.4 215.5 224.3 244 178
EBIT 1 89.8 -14.3 174.2 180.6 202.3 134.3
Net income 1 234.1 -17 346.9 401.5 145.4 233.6
Net Debt 1 27 -65.7 -101.9 -162.9 -75.8 625.7
Reference price 2 29.06 28.18 36.58 30.02 37.79 25.08
Nbr of stocks (in thousands) 115,972 116,201 110,778 104,502 101,552 98,838
Announcement Date 3/25/20 4/7/21 2/23/22 3/1/23 3/27/24 3/21/25
1GBP in Million2GBP
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 5.6B
33.62x6.26x19.09x0.67% 211B
59.74x7.46x25.56x0.73% 138B
34.81x12.39x22.62x0.79% 125B
13.63x0.31x6.87x3.69% 111B
42.19x6.93x22.65x0.83% 98.39B
74.53x7.98x36.93x0.19% 84.36B
25.33x9.09x18.46x0.5% 80.8B
20.03x3.37x12.9x1.34% 63.04B
17.64x1.05x11.79x0.73% 59.55B
Average 35.72x 6.09x 19.65x 1.05% 97.77B
Weighted average by Cap. 37.06x 6.48x 20.07x 1.05%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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