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United Kingdom
In shortSpectris PLC is profitable, generates cash and holds more cash than debt, with revenue growing (+9.2% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 13.0% | 60/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 10.0% | 60/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 10.6% | 53/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 11.2% | 75/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.89× | 91/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.00× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 46.00× | 100/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 6.65 | 100/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 13.5% | 74/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.34× | 100/100 |
| Years with positive free cash flow (last 5) | 4 of 4 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 3 of 4 | 75/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 3 | 44/100 |
| Revenue growth volatility | 6.2% | 88/100 |
| Operating margin volatility | 7.2% | 43/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 2.7% | 32/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2023 · change vs prior year
European data comes from annual reports in ESEF format (since 2020). Industry and ticker are not provided by this source.
Annual figures as reported. Hover a bar or point for the exact value.
The last 4 fiscal years from the company's annual reports.
GBP millions; negative values in parentheses.
| Fiscal year | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|
| Revenue | 1,336 | 1,292 | 1,327 | 1,449 |
| Cost of revenue | 600 | 553 | 577 | 611 |
| Gross profit | 736 | 739 | 751 | 838 |
| Operating income | (23) | 155 | 173 | 189 |
| Interest expense | 10 | 5.6 | 19 | 4.1 |
| Pre-tax income | (4.1) | 389 | 152 | 186 |
| Income tax | 13 | 42 | 37 | 40 |
| Net income | (17) | 347 | 402 | 145 |
| Diluted EPS | −£0.15 | £3.04 | £3.71 | £1.39 |
6.65 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: filings.xbrl.org (ESEF). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2023 · Data updated Dec 31, 2023