SPX Technologies SPXC
United StatesIndustrials · Building Products & EquipmentUSD
257.36 USD (+50.8%)
14 analysts
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SPX Technologies is a diversified provider of engineered products and equipment for the HVAC and construction markets, with leading brands in niche segments and a business model focused on renovation and equipment replacement.
Key points
from its scores- ✓Strong growth8.6
- ✓Very solid balance sheet7.7
- ✕Little or no dividend1.5
- ✕Demanding valuation4.5
- !Weak share-price trend5.1
AI analysis
bottom line, main risk, context and newsThe growth and balance sheet quality justify the premium, but the current valuation does not offer a wide margin of safety.
SPX Technologies shows a solid financial profile with a healthy balance sheet (Net Debt/EBITDA of 0.86), healthy operating margins (17.67%), and strong revenue and earnings growth (22.9% and 41.0% respectively). The valuation, with a P/E of 30.09, already prices in some of this growth, but the forward P/E of 17.58 suggests the market expects it to continue. The absence of a dividend limits appeal for income investors, but momentum and business quality are positive.
The main risk is a slowdown in the US non-residential construction market, which could impact demand for its HVAC equipment and halt double-digit revenue growth.
Context and risks
SPX Technologies operates in the building products and HVAC equipment sector, a defensive and renovation-driven business. No material exposure to current macro factors (rates, oil, shipping routes) that directly and demonstrably affects its results or cost structure has been identified.
Is SPX Technologies stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 19% above the Industrials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 30.1 | 25.4 | +18% |
| EV / EBITDA | 17.2 | 14.5 | +19% |
| Price / book | 3.6 | 4.1 | −10% |
| Price / sales | 3.5 | 2.1 | +68% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 4.5 out of 10 (median for Industrials: 5.0).
Average analyst target: 257.36 USD, +50.8% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 6.1 (sector 5.8), Growth 8.6 (sector 6.6).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Industrials medianValuation
- P/E
- 30.1
- Forward P/E
- 17.6
- EV / EBITDA
- 17.2
- Price / book
- 3.6
- Price / sales
- 3.5
- PEG
- 0.99
- Market cap
- 8.5B USD
- Enterprise value
- 9.0B USD
Profitability
- ROE
- 14.7%
- ROA
- 6.8%
- ROIC (approx.)
- 14.8%
- Gross margin
- 40.3%
- Operating margin
- 17.7%
- Net margin
- 11.3%
- Free cash flow
- 234.0M USD
- FCF yield
- 2.7%
- Cash conversion
- 45%
Solvency
- Total debt
- 614.7M USD
- Net debt
- 448.3M USD
- Cash
- 166.4M USD
- EBITDA
- 521.8M USD
- Net debt / EBITDA
- 0.86
- Debt / equity
- 26.18
- Current ratio
- 1.82
- Quick ratio
- 1.14
Growth
- Revenue growth
- +22.9%
- Earnings growth
- +41.0%
- EPS (TTM)
- 5.67 USD
- EPS (forward)
- 9.70 USD
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 1.24
- Analyst consensus
- Strong buy (14)
- Target price
- 257.36 USD
- 52-week range
- 166.17 – 251.08
Recent news
All SPXC news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about SPX Technologies
Is SPX Technologies stock cheap or expensive?
On P/E and EV / EBITDA, it trades 19% above the Industrials median on average. Valuation score: 4.5 out of 10 (median for Industrials: 5.0). Average analyst target: 257.36 USD, +50.8% versus the price. This is not investment advice.
What score does SPX Technologies get on MeridIAn Screener?
It scores 5.6 out of 10, rank 1,372 of 2,130 (better than 35% of the companies analysed). Its strongest category is Growth (8.6) and its weakest, Dividend (1.5). Analysis of 08/10/2026.
What is SPX Technologies's P/E ratio?
Its P/E is 30.1: the share price equals 30.1 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 17.6.
How much is SPX Technologies worth on the stock market?
Its market capitalisation is 8.5B USD and its enterprise value, debt included, is 9.0B USD.
How much debt does SPX Technologies have?
Its net debt (debt minus cash) is 448.3M USD. That is 0.86 times its EBITDA; the Industrials median is 1.58.
Does SPX Technologies pay a dividend?
It pays no dividend, or almost none.
How has SPX Technologies stock performed over the last year?
It has fallen 7.7% over the last year, excluding dividends. Over the last 52 weeks it has traded between 166.17 and 251.08 USD. Past performance does not guarantee future results.
What do analysts think of SPX Technologies?
14 analysts cover it; their average recommendation is “Strong buy” and their average target is 257.36 USD (+50.8% versus the price). It is an estimate, not market data.