SPX Corp
NYSE:SPXC
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Intrinsic Value
The intrinsic value of one SPXC stock under the Base Case scenario is 105.25 USD. Compared to the current market price of 178.98 USD, SPX Corp is Overvalued by 41%.
The Intrinsic Value is calculated as the average of DCF and Relative values:
Valuation Backtest
SPX Corp
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Fundamental Analysis
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SPX Corp. is a diversified industrial company known for its innovative solutions across multiple sectors, including HVAC (heating, ventilation, and air conditioning), detection and measurement, and specialty tools. Founded in the early 1900s, SPX has evolved significantly over the decades, adapting to market demands and technological advancements. The company operates through a series of well-established brands that cater to both the global construction market and various industrial sectors. With a focus on high-quality products that enhance safety, efficiency, and productivity, SPX Corp. positions itself as a leader in niche markets, which provides a solid foundation for its growth and futu...
SPX Corp. is a diversified industrial company known for its innovative solutions across multiple sectors, including HVAC (heating, ventilation, and air conditioning), detection and measurement, and specialty tools. Founded in the early 1900s, SPX has evolved significantly over the decades, adapting to market demands and technological advancements. The company operates through a series of well-established brands that cater to both the global construction market and various industrial sectors. With a focus on high-quality products that enhance safety, efficiency, and productivity, SPX Corp. positions itself as a leader in niche markets, which provides a solid foundation for its growth and future profitability.
For investors, SPX Corp. represents an intriguing opportunity due to its strategic focus on innovation and customer needs, alongside its commitment to operational excellence. The company's robust financials, underpinned by consistent revenue growth and solid margins, suggest a resilience in navigating economic cycles. SPX's proactive approach in expanding its product offerings and entering new markets demonstrates a forward-thinking mindset that aligns with Warren Buffett’s investment philosophy of seeking companies with durable competitive advantages. As SPX continues to leverage its extensive expertise and industry relationships, it remains well-positioned to capitalize on emerging trends such as sustainability and automation, making it an attractive consideration for long-term investors looking for stability and growth.
SPX Corporation is a diversified industrial company that operates in several key business segments. The core segments typically include:
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SPX Technologies:
- This segment focuses on developing and manufacturing products and solutions for critical infrastructure, particularly in energy, food and beverage, and industrial markets. The offerings may include thermal equipment, flow technology, and electrical distribution systems.
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HVAC (Heating, Ventilation, and Air Conditioning):
- SPX provides various HVAC products and services. This includes chillers, heat exchangers, and ventilation technologies, catering to both residential and commercial applications.
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Diagnostic and Testing Solutions:
- SPX offers solutions for the automotive industry, including diagnostic equipment that helps in vehicle repairs and maintenance. This segment serves automotive service professionals by providing tools for diagnosing issues in vehicles.
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Industrial Equipment:
- This segment includes a wide range of products designed for industrial applications, such as pumps, valves, and other equipment used in various manufacturing processes.
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Energy and Power Solutions:
- SPX provides technologies and services critical to power generation and energy efficiency. This may include solutions for renewables, conventional energy production, and energy management.
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Food and Beverage:
- SPX manufactures equipment and provides solutions for food processing and packaging, focusing on ensuring safety, quality, and efficiency in food and beverage production.
SPX Corporation focuses on delivering innovative solutions in these sectors, aiming to enhance operational efficiency and performance for its customers. The company's diverse portfolio allows it to adapt to market changes and leverage growth opportunities across different industries.
To analyze the unique competitive advantages of SPX Corporation over its rivals, we can consider several key factors based on their business model, product offerings, market positioning, and operational efficiencies. While specific data can change over time, here are some general competitive advantages that SPX Corp may hold:
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Diverse Product Portfolio: SPX offers a wide range of products that cater to various industries such as utilities, food and beverage, and industrial equipment. This diversification can help mitigate risks and attract a broader customer base.
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Innovative Technology: SPX invests in research and development to innovate and improve its product offerings. High-quality and technologically advanced products can provide a competitive edge.
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Strong Brand Reputation: Established brands often enjoy customer loyalty. If SPX has built a strong brand over the years, this can be a significant advantage.
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Customer Focus: A deep understanding of customer needs and preferences allows for tailored solutions. SPX's ability to customize products and services can set it apart from competitors.
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Efficient Supply Chain: Effective supply chain management can lead to cost savings and better service delivery. SPX may have optimized its operations to reduce lead times and increase responsiveness.
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Strategic Acquisitions: If SPX has a history of strategic acquisitions, this may have bolstered its market position and expanded its technology and product offerings faster than organic growth would allow.
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Geographic Reach: A strong global presence may allow SPX to leverage international markets for growth, engaging in economies of scale and accessing a larger customer base.
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Experienced Management Team: A seasoned leadership team with industry experience can guide the company through market challenges and capitalize on emerging opportunities.
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Commitment to Sustainability: In industries increasingly focused on sustainability, SPX may differentiate itself by promoting environmentally friendly practices and products, appealing to socially responsible customers.
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Post-Sale Support and Services: Offering excellent after-sales service and support can enhance customer satisfaction and loyalty, making SPX products more appealing compared to competitors.
To understand SPX's unique competitive advantages more thoroughly, a detailed analysis of financial metrics, market trends, and a comparative study of its key rivals would be essential. Tools like SWOT analysis can also be beneficial in identifying specific areas where SPX excels.
To provide an accurate analysis of the risks and challenges that SPX Corp may face in the near future, several factors need to be considered:
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Market Conditions: Fluctuations in the economy can affect demand for SPX Corp’s products and services. Economic downturns, shifts in customer spending, or changes in industry demand could significantly impact revenue.
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Supply Chain Disruptions: As a company that likely relies on various suppliers for components, any disruptions in the supply chain can lead to production delays, increased costs, or inability to meet customer orders.
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Technological Changes: Rapid advancements in technology might require SPX Corp to continually innovate and adapt its offerings. Failure to keep pace with technological changes could lead to reduced competitiveness.
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Regulatory Changes: Changes in regulations, particularly in industries such as energy and manufacturing, can impose additional costs and compliance requirements that affect profitability.
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Global Political Risks: Geopolitical tensions, trade policies, or tariffs can impact international operations and market access, subsequently affecting financial performance.
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Competition: The company faces competition from both established firms and new entrants in the market. Staying ahead in terms of pricing, quality, and innovation is crucial to maintaining market share.
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Talent Retention and Acquisition: As the job market becomes more competitive, attracting and retaining skilled employees may be challenging. Workforce challenges could impact operational efficiency.
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Environmental, Social, and Governance (ESG) Risks: Increasing stakeholder focus on ESG issues may require SPX Corp to enhance its sustainability practices, which could necessitate changes in operations or strategic initiatives.
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Cybersecurity Threats: As companies become increasingly reliant on technology, SPX Corp may face risks associated with cybersecurity threats that could disrupt operations or compromise sensitive data.
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Financial Risks: Exposure to fluctuations in interest rates, foreign exchange rates, and credit risks could affect financial health, particularly if SPX Corp has significant debt or international operations.
Assessing these risks can help SPX Corp strategize effectively and mitigate potential challenges, aligning with principles of sound long-term investment and business management championed by Warren Buffett and Charlie Munger.
Revenue & Expenses Breakdown
SPX Corp
Balance Sheet Decomposition
SPX Corp
Current Assets | 709.6m |
Cash & Short-Term Investments | 99.4m |
Receivables | 296.4m |
Other Current Assets | 313.8m |
Non-Current Assets | 1.7B |
PP&E | 140.5m |
Intangibles | 1.4B |
Other Non-Current Assets | 204m |
Current Liabilities | 401.2m |
Accounts Payable | 118.7m |
Accrued Liabilities | 168.5m |
Short-Term Debt | 17.9m |
Other Current Liabilities | 96.1m |
Non-Current Liabilities | 843.9m |
Long-Term Debt | 523.1m |
Other Non-Current Liabilities | 320.8m |
Earnings Waterfall
SPX Corp
Revenue
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1.7B
USD
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Cost of Revenue
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-1.1B
USD
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Gross Profit
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670m
USD
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Operating Expenses
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-447.3m
USD
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Operating Income
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222.7m
USD
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Other Expenses
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-132.8m
USD
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Net Income
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89.9m
USD
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Free Cash Flow Analysis
SPX Corp
USD | |
Free Cash Flow | USD |
SPX Technologies delivered solid Q3 results with a 7.8% revenue increase, driven by strong HVAC cooling demand, particularly in health care and data centers. Adjusted EBITDA rose 27%, with a 320 basis point margin expansion. The company maintains guidance for a 35% increase in adjusted EBITDA and 28% growth in adjusted EPS year-over-year. HVAC revenue guidance is narrowed to $1.365 billion - $1.385 billion, with margins expected to grow by 260 basis points. Detection & Measurement segment margins improved to a midpoint of 21.6%, marking a year-on-year increase of 240 basis points. SPX remains well-positioned for future growth.
What is Earnings Call?
SPXC Profitability Score
Profitability Due Diligence
SPX Corp's profitability score is 52/100. The higher the profitability score, the more profitable the company is.
Score
SPX Corp's profitability score is 52/100. The higher the profitability score, the more profitable the company is.
SPXC Solvency Score
Solvency Due Diligence
SPX Corp's solvency score is 56/100. The higher the solvency score, the more solvent the company is.
Score
SPX Corp's solvency score is 56/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
SPXC Price Targets Summary
SPX Corp
According to Wall Street analysts, the average 1-year price target for SPXC is 173.74 USD with a low forecast of 161.6 USD and a high forecast of 196.35 USD.
Dividends
Current shareholder yield for SPXC is .
Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?
Profile
Country
Industry
Market Cap
Dividend Yield
Description
SPX Corp. is the supplier of infrastructure equipment and products. The company is headquartered in Charlotte, North Carolina and currently employs 3,100 full-time employees. The firm's segments include Heating, Ventilation and Air Conditioning (HVAC), and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs and services cooling products and engineered air quality solutions for the HVAC and industrial markets, as well as heating and ventilation products for the residential and commercial markets. The HVAC segment has distribution channels for its products that are direct to customers, independent manufacturing representatives, third-party distributors and retailers. The Detection and Measurement segment engineers, designs, manufactures, services and installs underground pipe and cable locators, inspection and rehabilitation equipment, robotic systems, bus fare collection systems, communication technologies, and obstruction lighting. The Detection and Measurement segment connects its products directly to its customers and third-party distributors.
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The intrinsic value of one SPXC stock under the Base Case scenario is 105.25 USD.
Compared to the current market price of 178.98 USD, SPX Corp is Overvalued by 41%.