SPX Technologies, Inc.

SPX Technologies, Inc.

SPXCยทNYSE

$234.08

+1.7%
IndustrialsIndustrial - Machinery

SPX Technologies, Inc. supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets in the United States, China, the United Kingdom, and internationally. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as boilers and comfort heating and ventilation products for the residential and commercial markets. It offers its products under the Marley, Recold, SGS, Cincinnati Fan, Berko, Qmark, Fahrenheat, Leading Edge, Patterson-Kelley, Weil-McLain, and Williamson-Thermoflo brands. The Detection and Measurement segment offers underground pipe and cable locators, inspection and rehabilitation equipment, and robotic systems under the Radiodetection, Pearpoint, Schonstedt, Dielectric, Riser Bond, Warren G-V, Cues, ULC Robotics, and Sensors & Software brands; and bus fare collection systems, communication technologies, and obstruction lighting products under the Genfare, TCI, Flash Technology, Sabik Marine, Sealite, Avlite, and ECS brands. The company markets its products through independent manufacturing representatives, third-party distributors, and retailers, as well as direct to customers. The company was formerly known as SPX Corporation and changed its name to SPX Technologies, Inc. in August 2022. SPX Technologies, Inc. was founded in 1912 and is headquartered in Charlotte, North Carolina.

At a Glance

Live Snapshot
Market Cap$11.72B
EPS5.1300
P/E Ratio45.63
Earnings Date07/30/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is elevated (P/E 45.6).

Valuation inputs: P/E 45.6, earnings yield +2.2%, momentum +1.7%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is acceptable (ROE +11.0%, ROIC +9.5%).

Profitability stack: net margin +10.8%, ROE +11.0%, ROIC +9.5%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile looks controlled across current risk inputs.

Risk factors: liabilities/assets +37.9%, momentum +1.7%, net margin +10.8%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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SPX Technologies, Inc. Market vs Earnings Trajectory

SPXC ยท NYSE

Loading price and EPS data...

SPX Technologies, Inc.

SPX Technologies, Inc. Fair Value Envelope

SPXC ยท NYSE

Our analysis suggests that SPXC has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $234.08, this represents a potential HIDDEN relative to our calculated worth for SPX Technologies, Inc..

Intrinsic Value
Current Price: $234.08
3Y+51200.0%
5Y+135.0%
10Y-350.0%
3Y+55.0%
5Y+101.0%
10Y+54.0%
3Y+122650.0%
5Y+148.0%
10Y-388.0%
3Y-344.0%
5Y+164.0%
10Y+5028.0%
3Y-258.0%
5Y+117.0%
10Y-4738.0%
3Y+87.0%
5Y+54.0%
10Y+88.0%
SPX Technologies, Inc.

SPX Technologies, Inc. Profit Bridge

SPXC ยท NYSE
Revenue2.27B
Cost of Goods Sold (1.43B)
Gross Profit830.30M
Operating Expenses (449.20M)
Operating Income381.10M
Interest Expense (51.10M)
Other Income/Expense-67.00M
Pretax Income314.10M
Income Tax (68.60M)
Net Income245.50M
Net Income
245.50M

Profitability Analysis

Gross Margin

36.7%

Strong gross margins indicate healthy pricing and efficient production or service delivery.

Operating Margin

16.8%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

10.8%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

21.8%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Room for improvement: Moderate profitability with opportunities to enhance margins through better cost management or pricing strategy.

36.66%
Gross Profit Margin
-9%
3Y+2.0%
5Y+5.0%
10Y+44.0%
16.82%
Operating Profit Margin
8%
3Y+382.0%
5Y+96.0%
10Y+254.0%
10.84%
Net Profit Margin
7%
3Y+79012.0%
5Y+24.0%
10Y-287.0%
10.97%
Return on Equity
-24%
3Y+59209.0%
5Y-29.0%
10Y-125.0%
6.81%
Return on Assets
-8%
3Y+65388.0%
5Y+61.0%
10Y-253.0%
9.47%
Return on Invested Capital
-9%
3Y+307.0%
5Y+95.0%
10Y+158.0%
SPXC

SPX Technologies, Inc. Cash Conversion Engine

SPXC ยท NYSE
Net Income245.50M
Depreciation & Amortization122.60M
Stock-Based Compensation24.20M
Change in Working Capital-54.30M
Others-30.80M
Capital Expenditures-92.10M
Free Cash Flow241.20M

Cash Flow Quality Analysis

FCF Conversion Rate

98.2%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

CapEx Intensity

27.6%

Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.

FCF Growth Trend

-2.7%

Flat FCF growth. Stable but not expandingโ€”monitor for signs of business maturity or temporary headwinds.

Working Capital Impact

-$54.30M

Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

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SPX Technologies, Inc. Funding & Solvency Profile

SPXC ยท NYSE
Cash & Cash Equivalents156.50M
Net Receivables391.50M
Inventory342.40M
Other Current Assets122.60M
Total Current Assets1 B
Property, Plant & Equipment307.20M
Goodwill & Intangible Assets2.30B
Long-Term Investments58.20M
Other Non-Current Assets202.50M
Total Non-Current Assets568 M
Total Assets
3.88B

Financial Health Analysis

Current Ratio

2.11x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.70x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

532 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

26% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

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SPX Technologies, Inc. Street Expectations Map

SPXC ยท NYSE

Wall Street analysts project that SPXC stock may experience modest gains over the coming 12 months. The consensus 1-year price target stands at 252.00, with estimates ranging from a low of 243.00 to a high of 261.00.

Lowest Target
243.00
3.81%
Consensus Target
252.00
7.66%
Highest Target
261.00
11.50%

The consensus 1-year price target stands at 252.00, with estimates ranging from a low of 243.00 to a high of 261.00.

Analyst Consensus Analysis

Upside Potential

+7.7%

Moderate upside. Analysts expect positive returns but with limited margin of safety. Consider entry timing.

Analyst Agreement

7.1% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

High

Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

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SPX Technologies, Inc. Insider Positioning

SPXC ยท NYSE

During the last 12 months, insiders have sold $5.23M worth of SPXC shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

6.9K

1.55M

Net Activity

-1.5M

-$1.55M

6-9 Months

Bought

0

0.00

Sold

17.9K

3.68M

Net Activity

-3.7M

-$3.68M

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

1
SJWI

Swann John William Iii

Officer: Pres., Detection & Measurement

17.9K sharesโ€ข1 transactions

$3.68M

2
LEJI

Lowe Eugene Joseph Iii

Director, Officer: President And Ceo

6.5K sharesโ€ข1 transactions

$1.46M

3
DJR

Data J Randall

Officer: Pres., Heating And Global Oper

400 sharesโ€ข1 transactions

$86K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $5.23M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

3 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

No Dividend Yield Data

SPXC has not reported any dividend yield values in the available annual periods.

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spxc Dividend History

SPXC
10Y CAGR +4%
Latest $0.094
Annual $0.472175
5 year growth trend
Last Period: +0%