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SPIRENT COMMUNICATIONS ORD GBP0.03333

Symbol: SPT

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Overview

Core Data
Latest Dividend Information

Ex-Dividend Date 10 Aug 2023
Pay Date 15 Sep 2023
Total Dividends - Year to Date6.26
Dividend Yield (%)3.2103

Historical Data & Ratios

Avg Volume Over 10 Days4.8947
Market Cap (M)1123.6780
Price/Earnings (PE)57.0175
Earnings Per Share3.42
Revenue Per Share0.6416
Return on Equity %5.9929

1 Month Performance Chart

One Month Chart

Broker View
Data shown is based on the past 75 days of broker views.

ActionBrokers

Strong Buy1

Buy0

Neutral2

Sell0

Strong Sell0
Brokers 1 0 2 0 0
Consensus

ConsensusBuy

Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.

Cost and Charges Information

This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product

Account Type

  • Investment Account
  • Stocks & Shares ISA
  • SIPP

Annual charges

These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate

Cost Category % of Investment lump sum costs
Our annual fee

Our annual fee

Includes our platform fee at 0.35% per annum for Funds (up to £250,000) and Stocks & Shares (min £24 max £240), plus SIPP administration fee (if applicable, only charged if <£30,000 held) - see here 		0.35%
Dealing charges

Dealing charges

Any one-off commission charges associated with investing. Note that government taxes and levies are not included 		N/A
Product provider costs

Product provider costs

Product provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs 		N/A N/A
Total (£)

Total (£)

Costs per annum displayed in monetary value
Total (%)

Total (%)

Costs per annum displayed as a percentage of investment value

Cumulative effect of charges on your investment's return

This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges

lump sum invested with an assumed growth rate of 1 year years
What you might get back at  with no charges applied

What you might get back at  with no charges applied

These are the illustrative values of a  investment after growth and no costs applied at the end of the defined period
Annual charges

Annual charges

These are the annual costs based on an initial investment amount of assuming a net zero growth rate
Effect of charges on return (%)

Effect of charges on return (%)

These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate
Effect of charges on return (£)

Effect of charges on return (£)

These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate
What you might get back at with charges applied

What you might get back at with charges applied

These are the illustrative values of a investment after growth and costs at the end of the defined period

This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use

Charts

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      Company

      Business Summary

      Spirent Communications plc is a United Kingdom-based provider of automated test and assurance solutions for networks, cybersecurity and positioning. The Company provides products, services and managed solutions that address the test, assurance and automation challenges of technologies, including fifth generation (5G), SD-WAN, Cloud, autonomous vehicles and beyond. It helps companies deliver on their promise to their customers of connected devices and technologies. The Company operates through two segments: Lifecycle Service Assurance and Networks & Security. Lifecycle Service Assurance segment offers solutions, which provide end-to-end visibility, actionable insights and automated troubleshooting to radically simplify turn-up and assurance of 5G networks and services, reducing time and cost. Networks & Security segment develops test methodologies, tools and services for virtualized networks, cloud infrastructure and proactive security validation.

      Financial Summary

      BRIEF: For the fiscal year ended 31 December 2023, Spirent Communications Plc revenues decreased 22% to $474.3M. Net income decreased 75% to $25.2M. Revenues reflect Lifecycle service assurance segment decrease of 30% to $185.4M, Networks & Security segment decrease of 16% to $288.9M, Americas segment decrease of 20% to $268.1M, Asia Pacific segment decrease of 25% to $153.9M, Europe,Africa & Middle East segment decrease of 20% to $52.3M.

      Financials


      Income Statement - All values are in GBP (M).

      Year Ending

      31/12/2023

      31/12/2022

      31/12/2021

      31/12/2020

      31/12/2019

      31/12/2018

      Total Revenue 474.30 607.50 576.00 522.40 503.60 476.90
      Gross profit 343.60 437.10 424.70 383.40 368.60 344.50
      Operating Profit/Loss 18.40 112.70 104.20 95.70 88.60 59.90
      Profit Before Tax 22.90 114.60 103.60 95.80 89.60 61.20
      Profit After Tax 25.20 99.90 89.20 84.40 78.00 55.80
      Equity Holders of Parent Company 25.20 99.90 89.20 84.40 78.00 55.80
      Minority Interest NIL NIL NIL NIL NIL NIL


      Balance Sheet - All values are in GBP (M).

      Year Ending

      31/12/2023

      31/12/2022

      31/12/2021

      31/12/2020

      31/12/2019

      31/12/2018

      Total Non-Current Assets 296.50 291.80 322.70 252.80 257.00 223.60
      Total Current Assets 287.30 413.50 368.60 397.00 347.70 289.10
      Total Assets 583.80 705.30 691.30 649.80 604.70 512.70
      Total Liabilities 208.00 240.10 243.80 207.00 202.40 157.40
      Total Net Assets 375.80 465.20 447.50 442.80 402.30 355.30
      Shareholders Funds 375.80 465.20 447.50 442.80 402.30 355.30
      Minority Interests NIL NIL NIL NIL NIL NIL
      Total Equity 375.80 465.20 447.50 442.80 402.30 355.30

      Outlook

      Broker View
      Data shown is based on the past 75 days of broker views.

      ActionBrokers

      Strong Buy1

      Buy0

      Neutral2

      Sell0

      Strong Sell0
      Brokers 1 0 2 0 0
      Consensus

      ConsensusBuy

      Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.

      © 2022 Refinitiv, an LSEG business. All rights reserved.

      Forecasts

      Year 2024 2025 2026
      Revenue £484.83mn £513.97mn £543.80mn
      Pre-tax-Profit £52.97mn £64.27mn £85.00mn
      EPS £0.07p £0.08p £0.11p
      EPS Growth -6.14% 10.65% 34.02%
      P/E 27.41 24.77 18.48
      PEG Ratio -4.46 2.33 0.54
      Dividend 4.32p 4.85p 4.04p
      Yield 0.00% 0.00% 0.00%

      Upgrades & Downgrades (Latest)

      DateBrokerRecommendationPriceOld TargetNew TargetChange
      10th Apr 2024Canaccord GenuityReiteration196p173p199pHold
      8th Mar 2024NumisReiteration178p155p240pBuy
      6th Mar 2024Canaccord GenuityDownGrade175p145p173pHold
      19th Oct 2023Canaccord GenuityReiteration93p0p145pSpeculative Buy
      3rd Oct 2023Canaccord GenuityReiteration131p0p240pSpeculative Buy
      4th May 2023Canaccord GenuityReiteration178p0p250pSpeculative Buy
      6th Apr 2023Goldman SachsUpgrade180p0p170pNeutral
      22nd Mar 2023DeutscheReiteration176p250p200pBuy
      14th Mar 2023Berenberg BankUpgrade174p300p250pBuy
      9th Mar 2023Canaccord GenuityUpgrade183p0p250pSpeculative Buy

      Time & Sales

      All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.

      Date Time Price Volume Type
      26 Apr 2024 16:35 194.7 197,820 Buy
      26 Apr 2024 16:26 194.072 574 Sell
      26 Apr 2024 16:23 194.1 1,565 Sell

      Selected data supplied by Thomson Reuters ©  View restrictions.

      Investment involves risk. You may get back less than invested.