Published on 9 Mar 2024 on Simply Wall St. via Yahoo Finance

Is Spirax-Sarco Engineering plc's (LON:SPX) Recent Stock Performance Influenced By Its Fundamentals...

Spirax-Sarco Engineering (LON:SPX) has had a great run on the share market with its stock up by a significant 12% over the last three months. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. Particularly, we will be paying attention to Spirax-Sarco Engineering's ROE today.

Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Simply put, it is used to assess the profitability of a company in relation to its equity capital.

Check out our latest analysis for Spirax-Sarco Engineering