SPIRENT COMMUNICATIONS PLC Financials Spirent Communications plc OTC Markets
Equities
SPMYY
US84856M2098
Communications & Networking
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.95 USD | -6.67% |
|
-6.67% | +39.84% |
| 05-24 | Viavi Solutions Unit Terminates Deal to Acquire Spirent Communications | MT |
| 05-24 | Viavi's bid for Spirent lapses as Keysight takeover nears | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,536 | 1,609 | 1,680 | 1,579 | 701.9 | 1,054 | - | - |
| Enterprise Value (EV) 1 | 1,380 | 1,437 | 1,547 | 1,409 | 616.3 | 947.7 | 914.3 | 890.6 |
| P/E ratio | 25.5 x | 26.7 x | 25 x | 19.1 x | 36.8 x | 35.4 x | 24.9 x | 20.7 x |
| Yield | 1.82% | 1.64% | 1.87% | 2.35% | 1.77% | 2.38% | 2.71% | 2.28% |
| Capitalization / Revenue | 3.91 x | 4.28 x | 3.84 x | 3.13 x | 1.88 x | 2.78 x | 2.61 x | 2.44 x |
| EV / Revenue | 3.51 x | 3.82 x | 3.54 x | 2.79 x | 1.65 x | 2.5 x | 2.27 x | 2.06 x |
| EV / EBITDA | 16.4 x | 16.1 x | 14.7 x | 11.5 x | 12.5 x | 16.9 x | 14.9 x | - |
| EV / FCF | 16.2 x | 18.1 x | 21.9 x | 16.8 x | 32.8 x | 28.6 x | 29.5 x | - |
| FCF Yield | 6.17% | 5.54% | 4.57% | 5.95% | 3.05% | 3.5% | 3.39% | - |
| Price to Book | 4.48 x | 5.08 x | 4.92 x | 4.24 x | 2.4 x | 3.34 x | 3.12 x | 2.87 x |
| Nbr of stocks (in thousands) | 610,642 | 609,642 | 608,342 | 606,742 | 569,246 | 571,990 | - | - |
| Reference price 2 | 2.515 | 2.640 | 2.762 | 2.602 | 1.233 | 1.843 | 1.843 | 1.843 |
| Announcement Date | 05/03/20 | 11/03/21 | 10/03/22 | 07/03/23 | 05/03/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 393.3 | 376.1 | 437.1 | 504.9 | 373.5 | 378.8 | 403.4 | 432.6 |
| EBITDA 1 | 84.03 | 89.34 | 105.3 | 122.8 | 49.3 | 56.04 | 61.56 | - |
| EBIT 1 | 72.55 | 74.51 | 89.93 | 107.6 | 35.6 | 39.68 | 45.58 | - |
| Operating Margin | 18.45% | 19.81% | 20.57% | 21.32% | 9.53% | 10.48% | 11.3% | - |
| Earnings before Tax (EBT) 1 | 69.97 | 68.97 | 78.62 | 95.25 | 18.04 | 34.86 | 50.3 | 61.2 |
| Net income 1 | 60.91 | 60.76 | 67.92 | 83.03 | 19.85 | 29.77 | 37.95 | 51.71 |
| Net margin | 15.49% | 16.16% | 15.54% | 16.44% | 5.31% | 7.86% | 9.41% | 11.95% |
| EPS 2 | 0.0986 | 0.0987 | 0.1103 | 0.1360 | 0.0336 | 0.0520 | 0.0740 | 0.0890 |
| Free Cash Flow 1 | 85.18 | 79.59 | 70.67 | 83.82 | 18.77 | 33.15 | 30.96 | - |
| FCF margin | 21.66% | 21.16% | 16.17% | 16.6% | 5.03% | 8.75% | 7.68% | - |
| FCF Conversion (EBITDA) | 101.38% | 89.08% | 67.09% | 68.23% | 38.07% | 59.15% | 50.29% | - |
| FCF Conversion (Net income) | 139.85% | 130.99% | 104.04% | 100.94% | 94.58% | 111.36% | 81.57% | - |
| Dividend per Share 2 | 0.0459 | 0.0432 | 0.0515 | 0.0611 | 0.0219 | 0.0438 | 0.0499 | 0.0420 |
| Announcement Date | 05/03/20 | 11/03/21 | 10/03/22 | 07/03/23 | 05/03/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 223.5 | 177.8 | 207.8 | 183.5 | 243.5 | 230.7 | 272.1 | 175.7 |
| EBITDA 1 | 62 | 34.84 | 53.42 | 36.61 | 66.71 | 47.2 | - | 15.3 |
| EBIT 1 | 56.38 | 30.05 | 46.07 | 32.15 | 56.01 | 40.36 | 66.91 | 9.103 |
| Operating Margin | 25.23% | 16.9% | 22.17% | 17.52% | 23% | 17.49% | 24.59% | 5.18% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income | - | - | 37.58 | - | - | - | - | - |
| Net margin | - | - | 18.08% | - | - | - | - | - |
| EPS | 0.0776 | 0.0398 | 0.0610 | 0.0443 | 0.0636 | 0.0465 | 0.0890 | - |
| Dividend per Share | - | 0.0165 | - | - | - | - | - | - |
| Announcement Date | 05/03/20 | 06/08/20 | 11/03/21 | 05/08/21 | 10/03/22 | 04/08/22 | 07/03/23 | 02/08/23 |
1GBP in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 156 | 173 | 133 | 169 | 85.6 | 106 | 140 | 164 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 85.2 | 79.6 | 70.7 | 83.8 | 18.8 | 33.2 | 31 | - |
| ROE (net income / shareholders' equity) | 20.6% | 20% | 20% | 21.9% | 10.5% | 9.84% | 13% | 14.6% |
| ROA (Net income/ Total Assets) | 14% | 13.5% | 13.3% | 14.3% | - | 6.4% | 8.66% | 9.95% |
| Assets 1 | 436.3 | 451.6 | 510.6 | 580.4 | - | 464.8 | 438.3 | 519.8 |
| Book Value Per Share 2 | 0.5600 | 0.5200 | 0.5600 | 0.6100 | 0.5100 | 0.5500 | 0.5900 | 0.6400 |
| Cash Flow per Share 2 | 0.1600 | 0.1400 | 0.1300 | 0.1600 | - | 0.0700 | 0.1000 | 0.1200 |
| Capex 1 | 11 | 7.16 | 7.78 | 6.78 | 5.15 | 5.69 | 7.75 | 5.01 |
| Capex / Sales | 2.79% | 1.9% | 1.78% | 1.34% | 1.38% | 1.5% | 1.92% | 1.16% |
| Announcement Date | 05/03/20 | 11/03/21 | 10/03/22 | 07/03/23 | 05/03/24 | - | - | - |
1GBP in Million2GBP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
1.843
GBP
Average target price
2.08
GBP
Spread / Average Target
+12.86%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -7.66% | 188B | |
| +25.85% | 92.88B | |
| +57.87% | 65.47B | |
| +17.03% | 61.11B | |
| +26.96% | 31.35B | |
| +17.74% | 21.66B | |
| +4.14% | 20.94B | |
| +49.10% | 18.34B | |
| +2.83% | 16.73B |
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