View ValuationVolex 将来の成長Future 基準チェック /36Volex利益と収益がそれぞれ年間11.8%と6.4%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に17.8% 14.3%なると予測されています。主要情報11.8%収益成長率14.30%EPS成長率Electrical 収益成長43.7%収益成長率6.4%将来の株主資本利益率17.80%アナリストカバレッジGood最終更新日18 May 2026今後の成長に関する最新情報お知らせ • Mar 26Volex plc Provides Group Earnings Guidance for the Year Ending 31 March 2026Volex plc provided group earnings guidance for the year ending 31 March 2026. For the year, the group expects revenue to be at least $1,220 million.お知らせ • Oct 17Volex plc Provides Group Earnings Guidance for the First Half Ended September 30, 2025 and Second Half of Year 2026Volex plc provided group earnings guidance for the first half ended September 30, 2025 and second half of year 2026. For the first half ended September 30, 2025, revenues are expected to exceed $575 million with organic revenue growth for the period of at least 11%, driven by the Group's product offering and long-standing relationships with blue-chip customers across five end-markets. Operating profit margin for the first half is expected to remain within the upper half of the Board's through-cycle target range of 9-10%. For the second-half of year 2026, the group expects revenues to be broadly similar to the first half, reflecting stable trading across most end-markets.お知らせ • Apr 08Volex plc Provides Earnings Guidance for the Financial Year Ended 30 March 2025Volex plc announced that revenue for financial year 2025 is now expected to be at least $1,060 million, representing a year-on-year increase of at least 16%, and organic constant currency growth of at least 8%. Underlying operating margins are anticipated to be at the upper end of the target corridor of 9% to 10%, with operating profit of at least $100 million, well ahead of the top end of market estimates.お知らせ • Apr 19Volex plc Provides Revenue Guidance for the Financial Year Ended 31 March 2024Volex plc announced that revenue is now expected to be at least $900 million for the financial year ended 31 March 2024, representing an increase of at least 25% over the prior year, including seven months contribution from the acquisition of Murat Ticaret, while underlying operating profit1 is also now anticipated to be slightly ahead of analyst expectations.お知らせ • Oct 25Volex plc Provides Group Earnings Guidance for the 52 Weeks Ending 31 March 2024Volex plc provided group earnings guidance for the 52 weeks ending 31 March 2024. The Group continues to maintain strong financial momentum and is well positioned to achieve full-year results in line with market expectations. The Company has compiled forecasts from four analysts with current market forecasts for the 52 weeks ending 31 March 2024 for revenue to be in the range of $849.8 million to $891.0 million, with a consensus of $864.6 million, and for underlying operating profit to be in the range of $82.3 million to $87.0 million, with a consensus of $84.3 million.Major Estimate Revision • Nov 16Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 EPS estimate increased from US$0.21 to US$0.23. Revenue forecast steady at US$692.7m. Net income forecast to grow 26% next year vs 22% growth forecast for Electrical industry in the United Kingdom. Consensus price target broadly unchanged at UK£4.25. Share price rose 10% to UK£2.81 over the past week.すべての更新を表示Recent updatesナラティブの更新 • Jun 16VLX: Hold Stance And Future P/E Expectations Will Shape Balanced OutlookAnalysts have adjusted their view on Volex, with the consolidated price target now anchored around £6.70 per share. This reflects updated assumptions on the discount rate, profit margins and future P/E following a Hold downgrade from Investec and higher price targets from other firms.Valuation Update With 7 Day Price Move • Jun 10Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to UK£5.67, the stock trades at a forward P/E ratio of 22x. Average trailing P/E is 24x in the Electrical industry in the United Kingdom. Total returns to shareholders of 103% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£3.36 per share.ナラティブの更新 • Jun 01VLX: Future P/E Confidence And Hold Rating Will Shape Fairly Balanced OutlookAnalysts have adjusted the Volex fair value estimate higher from about £5.25 to roughly £6.52 per share. This reflects updated price targets from several firms and revised assumptions for discount rate, revenue growth, profit margins, and future P/E multiples.お知らせ • May 27Volex plc to Report Fiscal Year 2026 Results on Jun 25, 2026Volex plc announced that they will report fiscal year 2026 results Pre-Market on Jun 25, 2026新しいナラティブ • May 12AI Infrastructure And EV Electrification Tailwinds Will Support Stronger Long Term ProspectsCatalysts About Volex Volex supplies critical connectivity, power and data solutions across sectors including electric vehicles, data centers, medical, consumer electricals, complex industrial technology and Off-Highway. What are the underlying business or industry changes driving this perspective?分析記事 • May 06Is Now The Time To Put Volex (LON:VLX) On Your Watchlist?It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...新しいナラティブ • Apr 28Heavy Data Center Dependence And EV Uncertainty Will Challenge Long Term Earnings QualityCatalysts About Volex Volex supplies power and data connectivity assemblies to global customers across electric vehicles, data centers, medical, consumer electricals, complex industrials and Off Highway markets. What are the underlying business or industry changes driving this perspective?ナラティブの更新 • Apr 27VLX: Updated Earnings Power Assumptions Will Shape Future P/E OutcomesAnalysts have lifted their price target on Volex by £1.30. This reflects updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions discussed in recent research.ナラティブの更新 • Apr 10VLX: Updated Fair Value Assumptions And P/E Framework Will Guide Future ReturnsAnalysts have lifted their price target on Volex by £0.10, citing updated assumptions around fair value, discount rate and future P/E multiples as key supports for the new view. Analyst Commentary Recent Street research points to a modestly more constructive tone, with bullish analysts framing the £0.10 target lift as a reflection of refreshed fair value work and updated assumptions around the companys risk profile and earnings multiples.ナラティブの更新 • Mar 26VLX: Refined Assumptions And Higher P/E Will Shape Measured Future ReturnsThe analyst price target for Volex has increased by £0.10. Analysts attribute this change to updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E.お知らせ • Mar 26Volex plc Provides Group Earnings Guidance for the Year Ending 31 March 2026Volex plc provided group earnings guidance for the year ending 31 March 2026. For the year, the group expects revenue to be at least $1,220 million.ナラティブの更新 • Mar 12VLX: Refined Discount Rate And Higher P/E Assumptions Will Support Future ReturnsNarrative Update The analyst price target for Volex has been raised by £0.10. Analysts cited updated fair value estimates, a revised discount rate, and refreshed P/E assumptions as key inputs behind the change.ナラティブの更新 • Feb 26VLX: Refined Assumptions And Higher P/E Confidence Will Shape Future ReturnsAnalysts have lifted their price target on Volex by £0.10, reflecting updated views on its fair value, discount rate and expected future P/E following recent research commentary. Analyst Commentary Bullish Takeaways Bullish analysts view the £0.10 increase in the price target as better alignment with their updated fair value work, suggesting that recent research has led them to reassess the risk and return trade off more positively.ナラティブの更新 • Feb 11VLX: Refined Assumptions And Modest Uplift Will Shape Future ReturnsAnalysts have raised their price target on Volex by £0.10, citing updated fair value work that reflects slight adjustments to the discount rate, revenue growth, profit margin assumptions, and future P/E expectations. Analyst Commentary Bullish Takeaways Bullish analysts view the £0.10 uplift in the price target as a sign that their refreshed fair value work supports the current investment case, even after updating discount rate and P/E assumptions.Recent Insider Transactions • Feb 04Chief Operating Officer recently bought UK£144k worth of stockOn the 28th of January, Dom Molloy bought around 32k shares on-market at roughly UK£4.55 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth UK£160k. Despite this recent buy, Dom has been a net seller over the last 12 months, reducing personal holdings by UK£859k.ナラティブの更新 • Jan 27VLX: Dividend Policy And New Leadership Will Shape Steady Future ReturnsAnalysts have nudged their price targets on Volex higher, including a £0.10 increase from recent Street research. This reflects updated assumptions for fair value, discount rate, revenue growth, profit margins and future P/E multiples.分析記事 • Jan 21We Think Volex (LON:VLX) Can Stay On Top Of Its DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...ナラティブの更新 • Jan 11VLX: Dividend Policy And New Leadership Will Support Steady Future ReturnsAnalysts have adjusted their price target on Volex to reflect a slightly higher discount rate and a modestly lower assumed future P/E multiple. Their fair value estimate remains broadly unchanged in currency terms, while they fine tune the underlying risk and earnings expectations.ナラティブの更新 • Dec 26VLX: Dividend Increase And New CEO Will Support Balanced Future ReturnsAnalysts have modestly raised their price target on Volex to reflect a slightly lower perceived risk profile and an incrementally higher future earnings multiple, resulting in a revised valuation of approximately $4.56 per share, up from about $4.56 previously. What's in the News Board declares an increased interim dividend of 1.6 pence per share for the half year ended September 30, 2025, up 6.7% from 1.5 pence a year earlier, reaffirming a progressive dividend policy (company announcement).Recent Insider Transactions • Dec 17Non Executive Chair recently bought UK£160k worth of stockOn the 11th of December, David Webster bought around 39k shares on-market at roughly UK£4.07 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was David's only on-market trade for the last 12 months.ナラティブの更新 • Dec 12VLX: Dividend And New CEO Will Drive Future Share UpsideAnalysts have nudged their price target on Volex slightly higher to reflect marginally stronger long term growth and profitability assumptions, resulting in a modest increase in the stock's estimated fair value in currency terms. What's in the News The board has declared an increased interim dividend of 1.6 pence per share for the half year ended September 30, 2025, up 6.7% year on year, reaffirming a progressive dividend policy and offering a scrip dividend alternative to cash (Company announcement).ナラティブの更新 • Nov 28VLX: Leadership Changes And Dividend Increase Will Drive Near-Term MomentumAnalysts have raised their price target for Volex from £4.21 to £4.56. They cite refined expectations for growth, profitability, and valuation metrics as the reasons for this adjustment.Declared Dividend • Nov 14Final dividend of UK£0.016 announcedShareholders will receive a dividend of UK£0.016. Ex-date: 27th November 2025 Payment date: 8th January 2026 Dividend yield will be 1.1%, which is lower than the industry average of 1.8%. Payout Ratios Payout ratio: 23%. Cash payout ratio: 34%.ナラティブの更新 • Nov 13VLX: Improved Outlook And Leadership Changes Will Shape Future PerformanceVolex Analyst Price Target Raised on Improved Outlook Analysts have increased their price target for Volex from £3.95 to £4.21, citing slightly higher projected revenue growth and profit margins in their latest assessment. What's in the News Nat Rothschild has been appointed as Chief Executive Officer of Volex, with the appointment effective from 12 November 2025 (Key Developments).Valuation Update With 7 Day Price Move • Nov 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to UK£4.28, the stock trades at a forward P/E ratio of 21x. Average trailing P/E is 21x in the Electrical industry in the United Kingdom. Total returns to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£2.22 per share.お知らせ • Nov 12+ 2 more updatesVolex plc Declares Interim Dividend for the Half Year Ended September 30, 2025, Payable on January 8, 2025The Board of Volex plc declared an interim dividend Half Year Ended September 30, 2025 of 1.6 pence per share, representing an increase of 6.7% on the previous year, and remains committed to a progressive dividend policy, striking a balance between delivering growth through investment and returning cash to shareholders. The dividend for the Half Year Ended September 29, 2024 was 1.5 pence per share. The interim dividend will be paid on 8 January 2026 to those shareholders on the register on 28 November 2025. The ex-dividend date will be 27 November 2025.Shareholders may elect to receive the interim dividend as shares in the Company, in lieu of cash, under the Volex plc Scrip Dividend Scheme. The reference price for the Scrip Dividend will be announced on 4 December 2025.分析記事 • Oct 22Is Now The Time To Put Volex (LON:VLX) On Your Watchlist?Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...お知らせ • Oct 17Volex plc Provides Group Earnings Guidance for the First Half Ended September 30, 2025 and Second Half of Year 2026Volex plc provided group earnings guidance for the first half ended September 30, 2025 and second half of year 2026. For the first half ended September 30, 2025, revenues are expected to exceed $575 million with organic revenue growth for the period of at least 11%, driven by the Group's product offering and long-standing relationships with blue-chip customers across five end-markets. Operating profit margin for the first half is expected to remain within the upper half of the Board's through-cycle target range of 9-10%. For the second-half of year 2026, the group expects revenues to be broadly similar to the first half, reflecting stable trading across most end-markets.お知らせ • Oct 16Volex plc to Report First Half, 2026 Results on Nov 12, 2025Volex plc announced that they will report first half, 2026 results on Nov 12, 2025お知らせ • Aug 27Credo Technology Group Holding Ltd and Volex plc Reach Settlement in Active Electrical Cable Patent Infringement DisputeCredo Technology Group Holding Ltd. has reached a license and settlement agreement with Volex plc related to Credo's patents covering Credo's active electrical cable technology. Based on this agreement, the lawsuit between the parties will be promptly withdrawn, bringing an end to their patent dispute.Reported Earnings • Aug 24Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: US$0.26 (up from US$0.22 in FY 2024). Revenue: US$1.09b (up 19% from FY 2024). Net income: US$47.9m (up 22% from FY 2024). Profit margin: 4.4% (up from 4.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year.お知らせ • Aug 08Volex plc Approves Final Dividend for the the Financial Year Ended 30 March 2025Volex plc announced that at the AGM held on 7 August 2025, approved to declare a final dividend of 3.0 pence per ordinary share for the financial year ended 30 March 2025.Upcoming Dividend • Jul 24Upcoming dividend of UK£0.03 per shareEligible shareholders must have bought the stock before 31 July 2025. Payment date: 05 September 2025. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of British dividend payers (5.4%). Lower than average of industry peers (1.8%).分析記事 • Jul 17Volex (LON:VLX) Has Announced That It Will Be Increasing Its Dividend To $0.03Volex plc ( LON:VLX ) has announced that it will be increasing its dividend from last year's comparable payment on the...分析記事 • Jul 06Volex plc's (LON:VLX) 26% Price Boost Is Out Of Tune With EarningsDespite an already strong run, Volex plc ( LON:VLX ) shares have been powering on, with a gain of 26% in the last...分析記事 • Jul 02Volex (LON:VLX) Is Increasing Its Dividend To $0.03Volex plc's ( LON:VLX ) dividend will be increasing from last year's payment of the same period to $0.03 on 5th of...Declared Dividend • Jun 29Final dividend of UK£0.03 announcedShareholders will receive a dividend of UK£0.03. Ex-date: 31st July 2025 Payment date: 5th September 2025 Dividend yield will be 1.2%, which is lower than the industry average of 1.8%. Payout Ratios Payout ratio: 23%. Cash payout ratio: 36%.Reported Earnings • Jun 27Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: US$0.26 (up from US$0.22 in FY 2024). Revenue: US$1.09b (up 19% from FY 2024). Net income: US$47.9m (up 22% from FY 2024). Profit margin: 4.4% (up from 4.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electrical industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Jun 27Volex (LON:VLX) Hasn't Managed To Accelerate Its ReturnsIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...New Risk • Jun 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (43% net debt to equity). Share price has been volatile over the past 3 months (6.9% average weekly change).お知らせ • Jun 26Volex plc, Annual General Meeting, Aug 07, 2025Volex plc, Annual General Meeting, Aug 07, 2025.Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improves as stock rises 20%After last week's 20% share price gain to UK£3.70, the stock trades at a forward P/E ratio of 20x. Average trailing P/E is 15x in the Electrical industry in the United Kingdom. Total returns to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£1.74 per share.お知らせ • Jun 26Volex plc Proposes Final Dividend for the 52 Weeks Ended March 30, 2025, Payable on September 5, 2025Volex plc announced that the Board proposed an increased final dividend of 3.0 pence per share for the 52 weeks ended March 30, 2025 . This final dividend, combined with an interim dividend of 1.5 pence per share, results in a total dividend for FY2025 of 4.5 pence. If approved, the final dividend will be paid on September 5, 2025 to all shareholders on the register at August 1, 2025. The ex-dividend date will be July 31, 2025.お知らせ • Jun 06PFN Group of Companies Inc. acquired 51% stake in Prodamex S.A De C.V./Terminal & Cable TC Inc. from Volex plc (AIM:VLX)PFN Group of Companies Inc. acquired 51% stake in Prodamex S.A De C.V./Terminal & Cable TC Inc. from Volex plc (AIM:VLX) on June 6, 2025. PFN Group of Companies Inc. completed the acquisition of 51% stake in Prodamex S.A De C.V./Terminal & Cable TC Inc. from Volex plc (AIM:VLX) on June 6, 2025.お知らせ • Jun 02Volex plc to Report Fiscal Year 2025 Results on Jun 26, 2025Volex plc announced that they will report fiscal year 2025 results on Jun 26, 2025Recent Insider Transactions • Apr 20Chief Operating Officer recently bought UK£149k worth of stockOn the 11th of April, Dom Molloy bought around 67k shares on-market at roughly UK£2.23 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger purchase from another insider worth UK£226k. This was Dom's only on-market trade for the last 12 months.Recent Insider Transactions • Apr 14Executive Chairman recently bought UK£226k worth of stockOn the 9th of April, Nathaniel Philip Victor Rothschild bought around 103k shares on-market at roughly UK£2.20 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Nathaniel Philip Victor's only on-market trade for the last 12 months.お知らせ • Apr 08Volex plc Provides Earnings Guidance for the Financial Year Ended 30 March 2025Volex plc announced that revenue for financial year 2025 is now expected to be at least $1,060 million, representing a year-on-year increase of at least 16%, and organic constant currency growth of at least 8%. Underlying operating margins are anticipated to be at the upper end of the target corridor of 9% to 10%, with operating profit of at least $100 million, well ahead of the top end of market estimates.分析記事 • Apr 05Volex plc's (LON:VLX) 27% Dip In Price Shows Sentiment Is Matching EarningsVolex plc ( LON:VLX ) shareholders that were waiting for something to happen have been dealt a blow with a 27% share...Buy Or Sell Opportunity • Apr 03Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 19% to UK£2.23. The fair value is estimated to be UK£2.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 29% in the next 2 years.お知らせ • Mar 14Credo Files AEC Patent Infringement Complaint Against Amphenol, Molex, TE Connectivity, and VolexCredo Technology Group Holding Ltd. has filed a complaint alleging patent infringement on March 13, 2025, asking the United States International Trade Commission to initiate an investigation against Amphenol Corporation, Molex LLC, TE Connectivity PLC, and Volex PLC and to block the importation of products that infringe Credo’s patents related to Active Electrical Cables (AECs). In addition, Credo is filing parallel complaints in Federal District Court alleging willful infringement as Credo provided notice of its patents to each of these companies in September 2023. The action against these companies reflects Credo’s commitment to protecting its foundational innovations in AEC technology. Since its founding in 2008, Credo has developed, created, and delivered to U.S. customers a variety of high-speed wired connectivity solutions in the data infrastructure market, including its series of distinctive purple HiWire AECs.新しいナラティブ • Feb 24EV Partnerships, Including Tesla, Will Drive Future Opportunities Strategic expansions and partnerships in emerging and high-growth sectors like EVs position Volex for robust future revenue growth. 分析記事 • Jan 15Here's What To Make Of Volex's (LON:VLX) Decelerating Rates Of ReturnTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...分析記事 • Dec 13Earnings Tell The Story For Volex plc (LON:VLX)There wouldn't be many who think Volex plc's ( LON:VLX ) price-to-earnings (or "P/E") ratio of 16x is worth a mention...分析記事 • Nov 18Volex (LON:VLX) Will Pay A Dividend Of $0.015Volex plc ( LON:VLX ) has announced that it will pay a dividend of $0.015 per share on the 9th of January. This takes...Declared Dividend • Nov 18First half dividend of UK£0.015 announcedShareholders will receive a dividend of UK£0.015. Ex-date: 28th November 2024 Payment date: 9th January 2025 Dividend yield will be 1.4%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 17% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover.New Risk • Nov 17New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 43% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (43% net debt to equity). Shareholders have been diluted in the past year (13% increase in shares outstanding).分析記事 • Nov 16Volex plc's (LON:VLX) Intrinsic Value Is Potentially 24% Below Its Share PriceKey Insights Volex's estimated fair value is UK£2.32 based on 2 Stage Free Cash Flow to Equity Volex is estimated to be...お知らせ • Nov 16Volex Announces Possible Offer for TT ElectronicsVolex plc (AIM:VLX) announced that it has submitted two proposals to the Board of TT Electronics plc (LSE:TTG) regarding a possible cash and shares offer for the entire issued and to be issued share capital of TT Electronics. The first proposal comprised 62.9 pence in cash and 0.203 new Volex shares per TT Electronics share which implied, at the time of the first proposal, a price of 129.0 pence per TT Electronics share, and the second proposal comprised 62.9 pence in cash and 0.223 new Volex shares per TT Electronics share which implied, at the time of the second proposal, a price of 135.5 pence per TT Electronics share (together, the "Volex Proposals"). The Board of TT Electronics has declined to engage with Volex and rejected each of the Volex Proposals. Based on the price of Volex shares as at the close of business on 14 November 2024 (being the latest practicable date prior to the date of this announcement), Volex's latest proposal, consisting of 62.9 pence in cash and 0.223 new Volex shares per TT Electronics share (the "Second Proposal"), now implies a value of 139.6 pence per TT Electronics share, values the fully diluted share capital of TT Electronics at £248.6m and implies a premium of: 76.7% to TT Electronics closing price of 79.0 pence as at the close of business on 14 November 2024 (being the latest practicable date prior to the commencement of the offer period on 15 November 2024); and 73.2% to the one month volume weighted average price for TT Electronics shares as at the close of business on 14 November 2024. The Board of Volex therefore firmly believes that the terms of the Second Proposal offer a highly attractive opportunity for TT Electronics shareholders to realise both an immediate partial cash exit following the ongoing operational and end market challenges faced by TT Electronics and the opportunity to share meaningfully in the upside of a highly attractive enlarged business. If any offer were made on the basis of the Second Proposal, Volex expects it would offer a mix-and-match facility to provide TT Electronics shareholders with flexibility. Lord Rothschild, Executive Chairman of Volex, commented: "We believe that bringing Volex and TT Electronics together in a highly synergistic transaction would create a scaled and diversified leader in the specialist electronics market which would act as a platform for future organic and inorganic growth and significant value creation. TT Electronics would provide the Group with further exposure to structural growth markets, such as medical and industrial technology, and add a new end-market, aerospace and defence, to progress Volex's successful strategy of diversification. At the same time, TT Electronics would benefit from being part of a larger group with stronger performance and the associated opportunities for revenue and cost synergies to deliver higher profitability. Despite the resilience of TT Electronics' underlying business, it has faced persistent challenges in recent years, which Volex believes have been exacerbated by execution missteps by the Board, including former and current executive leadership. As a result TT Electronics' shares are trading at a 10 year low. Since the disposal of the former Transportation Sensing and Control division in 2017 for c.£119 million, TT Electronics has spent approximately the same amount on acquisitions (for which the purchase prices have been disclosed), paying elevated multiples in an effort to develop a higher quality business. Instead, TT Electronics has delivered a series of inconsistent annual results with adjusted operating profit only improving 60 bps since 2019 to 8.6% for the financial year ended 31 December 2023, well below the 10%+ margin target set by TT Electronics management in 2019. This is before factoring in restructuring charges, which amounted to a total of £43.9m over the same period. In comparison, Volex's adjusted operating margin increased by 170 bps to 9.8% from 2020 to 2024 (financial year ending 31 March), achieving and sustaining the higher end of management's guidance for 9-10% margin. Volex's only restructuring charge during this period was £0.8 million recognised in 2022. TT Electronics' acquisition strategy has also resulted in very disappointing outcomes. In early 2024, TT Electronics disposed of three sites with a write-down of £32.5 million, including the company's activities at Hartlepool and Dongguan, which it had acquired through its takeover of Stadium plc in 2018. Furthermore, TT Electronics now has operational issues at two North American sites serving aerospace and defence, a market that TT Electronics has targeted through its acquisitions of Torotel and Covina in the US.お知らせ • Nov 15Volex plc Declares an Interim Dividend, Payable on 9 January 2025The Board of Volex plc has declared an interim dividend of 1.5 pence, an increase of 7.1% on the previous year, and remains committed to a progressive dividend policy, striking a balance between delivering growth through investment and returning cash to shareholders. The interim dividend will be paid on 9 January 2025 to those shareholders on the register on 29 November 2024. The ex-dividend date will be 28 November 2024.お知らせ • Oct 16Volex plc to Report First Half, 2025 Results on Nov 15, 2024Volex plc announced that they will report first half, 2025 results on Nov 15, 2024お知らせ • Aug 02Volex plc Declares Final Dividend for the Financial Year Ended 31 March 2024Volex plc at its annual general meeting held on August 1, 2024, declared a final dividend of 2.8 pence per ordinary share for the financial year ended 31 March 2024.Upcoming Dividend • Jul 18Upcoming dividend of UK£0.028 per shareEligible shareholders must have bought the stock before 25 July 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of British dividend payers (5.5%). Lower than average of industry peers (1.9%).分析記事 • Jul 05We Think That There Are Some Issues For Volex (LON:VLX) Beyond Its Promising EarningsVolex plc's ( LON:VLX ) stock didn't jump after it announced some healthy earnings. Our analysis showed that there are...分析記事 • Jun 29Volex's (LON:VLX) Upcoming Dividend Will Be Larger Than Last Year'sVolex plc ( LON:VLX ) has announced that it will be increasing its dividend from last year's comparable payment on the...Declared Dividend • Jun 28Final dividend of UK£0.028 announcedShareholders will receive a dividend of UK£0.028. Ex-date: 25th July 2024 Payment date: 30th August 2024 Dividend yield will be 1.3%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 17% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 63% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jun 27Volex plc, Annual General Meeting, Aug 01, 2024Volex plc, Annual General Meeting, Aug 01, 2024.Reported Earnings • Jun 27Full year 2024 earnings released: EPS: US$0.22 (vs US$0.23 in FY 2023)Full year 2024 results: EPS: US$0.22. Revenue: US$912.8m (up 26% from FY 2023). Net income: US$39.3m (up 6.8% from FY 2023). Profit margin: 4.3% (down from 5.1% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in the United Kingdom.お知らせ • Jun 26Volex plc Proposes Final Dividend, Payable 30 August 2024Volex plc announced that subject to approval by shareholders at the upcoming AGM on 1 August 2024, the company proposed a final dividend of 2.8 pence per ordinary share will be paid on 30 August 2024 to shareholders on the register on 26 July 2024. The ex-dividend date will be 25 July 2024.お知らせ • May 25Volex plc to Report Fiscal Year 2024 Results on Jun 26, 2024Volex plc announced that they will report fiscal year 2024 results on Jun 26, 2024分析記事 • May 10Volex plc (LON:VLX) Stocks Shoot Up 25% But Its P/E Still Looks ReasonableVolex plc ( LON:VLX ) shares have had a really impressive month, gaining 25% after a shaky period beforehand. Looking...Valuation Update With 7 Day Price Move • Apr 22Investor sentiment improves as stock rises 18%After last week's 18% share price gain to UK£3.18, the stock trades at a forward P/E ratio of 14x. Average trailing P/E is 17x in the Electrical industry in the United Kingdom. Total loss to shareholders of 4.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£3.38 per share.分析記事 • Apr 19Is Now The Time To Put Volex (LON:VLX) On Your Watchlist?Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...お知らせ • Apr 19Volex plc Provides Revenue Guidance for the Financial Year Ended 31 March 2024Volex plc announced that revenue is now expected to be at least $900 million for the financial year ended 31 March 2024, representing an increase of at least 25% over the prior year, including seven months contribution from the acquisition of Murat Ticaret, while underlying operating profit1 is also now anticipated to be slightly ahead of analyst expectations.分析記事 • Feb 22We Think Volex (LON:VLX) Can Stay On Top Of Its DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...お知らせ • Feb 07Spectra7 and Volex Announce Successful Demonstration of Industry Leading Performance for 800G Active Copper InterconnectsSpectra7 Microsystems Inc. and Volex plc announced that they successfully demonstrated industry leading performance of 800G Active Copper Cables (ACCs) at this year's annual DesignCon Conference Exhibition held last week in Santa Clara, California. In the demonstration, Volex 800Gbps QSFP-DD ACCs with Spectra7's embedded GC1122 chips successfully interoperated with test equipment from several vendors to produce very robust low pre-FEC bit error rates (BERs) significantly below standard required BER. Spectra7's analog based GaugeChanger GC1122 chips are used in ACCs and offer significant cost, size, and energy consumption value versus competing Active Electrical Cables (AECs) and Active Optical Cables (AOCs) that use Digital Signal Processing (DSP) technologies.Reported Earnings • Nov 24First half 2024 earnings released: EPS: US$0.089 (vs US$0.10 in 1H 2023)First half 2024 results: EPS: US$0.089 (down from US$0.10 in 1H 2023). Revenue: US$397.5m (up 11% from 1H 2023). Net income: US$15.1m (down 7.4% from 1H 2023). Profit margin: 3.8% (down from 4.6% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 4% per year.お知らせ • Nov 23Volex plc Declares Interim Dividend, Payable on 10 January 2024Volex plc has declared an interim dividend of 1.4 pence, an increase of 7.7% on the previous year. Since the Group recommenced dividend distributions in 2020, it has progressively increased payments by 40% in that time. The Board is committed to a progressive dividend policy, striking a balance between delivering growth through investment and returning cash to shareholders. The interim dividend will be paid on 10 January 2024 to those shareholders on the register on 1 December 2023. The ex-dividend date will be 30 November 2023.お知らせ • Oct 25Volex plc Provides Group Earnings Guidance for the 52 Weeks Ending 31 March 2024Volex plc provided group earnings guidance for the 52 weeks ending 31 March 2024. The Group continues to maintain strong financial momentum and is well positioned to achieve full-year results in line with market expectations. The Company has compiled forecasts from four analysts with current market forecasts for the 52 weeks ending 31 March 2024 for revenue to be in the range of $849.8 million to $891.0 million, with a consensus of $864.6 million, and for underlying operating profit to be in the range of $82.3 million to $87.0 million, with a consensus of $84.3 million.お知らせ • Oct 20Volex plc Announces Directorate ChangesVolex plc announced the following changes to its Board. John Wilson has been appointed to the Board, as an independent non-executive Director, with effect from 19 October 2023. John is a globally experienced Boardroom Director, with a strong background in the technology, components and connectivity solutions sectors. He is currently CEO of Bulgin Limited, a global leading manufacturer of sealed connectors and components, and was formerly Senior Independent Director, Chair of the Audit Committee and Chair of the Remuneration Committee of Checkit plc (previously Elektron Technology plc). John has a degree in Engineering from the University of Durham. Dean Moore, senior non-executive Director, has notified the Board of his decision to resign with immediate effect, in order to pursue other business interests. Sir Peter Westmacott has been appointed as Senior Independent Director, and Jeffrey Jackson has been appointed as a member of the Nominations Committee, both with immediate effect. Following his appointment, John Wilson will assume the role of Chair of the Audit Committee.分析記事 • Oct 10At UK£2.88, Is It Time To Put Volex plc (LON:VLX) On Your Watch List?While Volex plc ( LON:VLX ) might not be the most widely known stock at the moment, it received a lot of attention from...Buying Opportunity • Sep 07Now 20% undervaluedOver the last 90 days, the stock is up 14%. The fair value is estimated to be UK£3.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 42% in 2 years. Earnings is forecast to grow by 54% in the next 2 years.お知らせ • Sep 02Volex plc (AIM:VLX) completed the acquisition of Murat Ticaret Kablo Sanayi Anonim Sirketi.Volex plc (AIM:VLX) agreed acquire Murat Ticaret Kablo Sanayi Anonim Sirketi for approximately €180 million on June 22, 2023. The consideration of up to approximately €178.1 million will be satisfied through €136.5 million in initial cash consideration; and up to €41.6 million of deferred contingent consideration payable over two years subject to financial performance in each of the two years, to catch up rights and to satisfy the deferred contingent consideration entirely in cash, or up to approximately 50% in Volex ordinary shares, at its discretion. In related transaction, Volex is raising approximately €69.91 million to part-fund the initial cash consideration for the Acquisition. The initial cash consideration of €136.5 million will be satisfied by the net cash proceeds from the Fundraising of approximately €68.4 million and the remaining €68.1 million balance will be funded from existing and amended debt facilities. The year ended December 31, 2022, Murat Ticaret generated consolidated revenue and underlying EBITDA of approximately €158 million and €33 million respectively and net assets of approximately €69 million. The Acquisition is expected to complete in two to three months, subject to approval by the Turkish and Macedonian competition authorities. Ed Allsopp, Mike Bell, Tom Ballard, Ben Harrington, Sohail Akbar and Jock Maxwell Macdonald of Peel Hunt LLP acted as a nominated financial advisor to Volex. Elvan Aziz and Serdar Ildirar and Togan Turan of Paksoy Ortak Avukat Burosu acted as a legal advisor to Volex plc. Gowling WLG acted as a legal advisor to Volex. As on August 7, 2023, Turkey and Macedonia competition authorities approved the deal. All conditions have been fulfilled. The transaction is expected to complete at the end of August.Volex plc (AIM:VLX) completed the acquisition of Murat Ticaret Kablo Sanayi Anonim Sirketi on September 1, 2023.New Risk • Aug 30New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 14% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.分析記事 • Aug 15Is Volex (LON:VLX) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...お知らせ • Jul 29Board of Volex plc Approves Final Dividend for the Financial Year Ended 2 April 2023Volex plc announced that at its AGM held on July 27, 2023 approved a final dividend of 2.6 pence per ordinary share for the financial year ended 2 April 2023.Recent Insider Transactions • Jul 21Executive Chairman recently bought UK£342k worth of stockOn the 18th of July, Nathaniel Philip Victor Rothschild bought around 118k shares on-market at roughly UK£2.90 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Nathaniel Philip Victor's only on-market trade for the last 12 months.Upcoming Dividend • Jul 13Upcoming dividend of UK£0.026 per share at 1.3% yieldEligible shareholders must have bought the stock before 20 July 2023. Payment date: 25 August 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of British dividend payers (6.2%). Lower than average of industry peers (2.3%).分析記事 • Jun 25Volex (LON:VLX) Is Increasing Its Dividend To $0.026The board of Volex plc ( LON:VLX ) has announced that it will be paying its dividend of $0.026 on the 25th of August...Reported Earnings • Jun 22Full year 2023 earnings released: EPS: US$0.23 (vs US$0.19 in FY 2022)Full year 2023 results: EPS: US$0.23 (up from US$0.19 in FY 2022). Revenue: US$722.8m (up 18% from FY 2022). Net income: US$36.8m (up 21% from FY 2022). Profit margin: 5.1% (up from 4.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 13+ 2 more updatesVolex plc, Annual General Meeting, Jul 24, 2023Volex plc, Annual General Meeting, Jul 24, 2023.Valuation Update With 7 Day Price Move • May 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to UK£2.78, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 19x in the Electrical industry in the United Kingdom. Total returns to shareholders of 102% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£2.79 per share.Valuation Update With 7 Day Price Move • Apr 18Investor sentiment improves as stock rises 16%After last week's 16% share price gain to UK£2.35, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 19x in the Electrical industry in the United Kingdom. Total returns to shareholders of 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£2.50 per share.Major Estimate Revision • Nov 16Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 EPS estimate increased from US$0.21 to US$0.23. Revenue forecast steady at US$692.7m. Net income forecast to grow 26% next year vs 22% growth forecast for Electrical industry in the United Kingdom. Consensus price target broadly unchanged at UK£4.25. Share price rose 10% to UK£2.81 over the past week.業績と収益の成長予測AIM:VLX - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/20291,457N/AN/AN/A13/31/20281,349765911563/31/20271,267685210763/31/20261,22260207269/30/20251,152574788N/A6/30/20251,119533983N/A3/30/20251,087483177N/A12/30/20241,060462468N/A9/29/20241,034441961N/A6/29/2024973413168N/A3/31/2024913394476N/A12/31/2023838374674N/A10/1/2023763364973N/A7/1/2023743364364N/A4/2/2023723373756N/A1/2/2023701331838N/A10/2/202267930-119N/A7/2/202264730119N/A4/3/202261530419N/A1/3/2022574361427N/A10/3/2021534412536N/A7/3/2021488402837N/A4/4/2021443393139N/A1/4/2021421313744N/A10/4/2020398224349N/A7/4/2020395194550N/A4/5/2020391154752N/A1/5/2020388143539N/A9/29/201938514N/A27N/A6/29/201937911N/A10N/A3/31/20193729N/A-7N/A12/31/20183586N/A-10N/A9/30/20183434N/A-13N/A6/30/20183334N/A-4N/A4/1/20183224N/A5N/A1/1/20183194N/A5N/A10/1/20173153N/A5N/A7/1/2017317-2N/A10N/A4/2/2017320-7N/A16N/A1/2/2017332-9N/A14N/A10/2/2016344-10N/A12N/A7/2/2016356-6N/A7N/A4/3/2016368-2N/A2N/A1/3/2016380-3N/A4N/A10/4/2015392-3N/A7N/A7/4/2015408-7N/A7N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: VLXの予測収益成長率 (年間11.8% ) は 貯蓄率 ( 3.4% ) を上回っています。収益対市場: VLXの収益 ( 11.8% ) はUK市場 ( 11.4% ) よりも速いペースで成長すると予測されています。高成長収益: VLXの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: VLXの収益 ( 6.4% ) UK市場 ( 4.6% ) よりも速いペースで成長すると予測されています。高い収益成長: VLXの収益 ( 6.4% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: VLXの 自己資本利益率 は、3年後には低くなると予測されています ( 17.8 %)。成長企業の発掘7D1Y7D1Y7D1YCapital-goods 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/22 18:53終値2026/06/22 00:00収益2025/09/30年間収益2025/03/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Volex plc 6 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。13 アナリスト機関Matthew AbrahamBerenbergAndrew SimmsBerenbergJames BaylissBerenberg10 その他のアナリストを表示
お知らせ • Mar 26Volex plc Provides Group Earnings Guidance for the Year Ending 31 March 2026Volex plc provided group earnings guidance for the year ending 31 March 2026. For the year, the group expects revenue to be at least $1,220 million.
お知らせ • Oct 17Volex plc Provides Group Earnings Guidance for the First Half Ended September 30, 2025 and Second Half of Year 2026Volex plc provided group earnings guidance for the first half ended September 30, 2025 and second half of year 2026. For the first half ended September 30, 2025, revenues are expected to exceed $575 million with organic revenue growth for the period of at least 11%, driven by the Group's product offering and long-standing relationships with blue-chip customers across five end-markets. Operating profit margin for the first half is expected to remain within the upper half of the Board's through-cycle target range of 9-10%. For the second-half of year 2026, the group expects revenues to be broadly similar to the first half, reflecting stable trading across most end-markets.
お知らせ • Apr 08Volex plc Provides Earnings Guidance for the Financial Year Ended 30 March 2025Volex plc announced that revenue for financial year 2025 is now expected to be at least $1,060 million, representing a year-on-year increase of at least 16%, and organic constant currency growth of at least 8%. Underlying operating margins are anticipated to be at the upper end of the target corridor of 9% to 10%, with operating profit of at least $100 million, well ahead of the top end of market estimates.
お知らせ • Apr 19Volex plc Provides Revenue Guidance for the Financial Year Ended 31 March 2024Volex plc announced that revenue is now expected to be at least $900 million for the financial year ended 31 March 2024, representing an increase of at least 25% over the prior year, including seven months contribution from the acquisition of Murat Ticaret, while underlying operating profit1 is also now anticipated to be slightly ahead of analyst expectations.
お知らせ • Oct 25Volex plc Provides Group Earnings Guidance for the 52 Weeks Ending 31 March 2024Volex plc provided group earnings guidance for the 52 weeks ending 31 March 2024. The Group continues to maintain strong financial momentum and is well positioned to achieve full-year results in line with market expectations. The Company has compiled forecasts from four analysts with current market forecasts for the 52 weeks ending 31 March 2024 for revenue to be in the range of $849.8 million to $891.0 million, with a consensus of $864.6 million, and for underlying operating profit to be in the range of $82.3 million to $87.0 million, with a consensus of $84.3 million.
Major Estimate Revision • Nov 16Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 EPS estimate increased from US$0.21 to US$0.23. Revenue forecast steady at US$692.7m. Net income forecast to grow 26% next year vs 22% growth forecast for Electrical industry in the United Kingdom. Consensus price target broadly unchanged at UK£4.25. Share price rose 10% to UK£2.81 over the past week.
ナラティブの更新 • Jun 16VLX: Hold Stance And Future P/E Expectations Will Shape Balanced OutlookAnalysts have adjusted their view on Volex, with the consolidated price target now anchored around £6.70 per share. This reflects updated assumptions on the discount rate, profit margins and future P/E following a Hold downgrade from Investec and higher price targets from other firms.
Valuation Update With 7 Day Price Move • Jun 10Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to UK£5.67, the stock trades at a forward P/E ratio of 22x. Average trailing P/E is 24x in the Electrical industry in the United Kingdom. Total returns to shareholders of 103% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£3.36 per share.
ナラティブの更新 • Jun 01VLX: Future P/E Confidence And Hold Rating Will Shape Fairly Balanced OutlookAnalysts have adjusted the Volex fair value estimate higher from about £5.25 to roughly £6.52 per share. This reflects updated price targets from several firms and revised assumptions for discount rate, revenue growth, profit margins, and future P/E multiples.
お知らせ • May 27Volex plc to Report Fiscal Year 2026 Results on Jun 25, 2026Volex plc announced that they will report fiscal year 2026 results Pre-Market on Jun 25, 2026
新しいナラティブ • May 12AI Infrastructure And EV Electrification Tailwinds Will Support Stronger Long Term ProspectsCatalysts About Volex Volex supplies critical connectivity, power and data solutions across sectors including electric vehicles, data centers, medical, consumer electricals, complex industrial technology and Off-Highway. What are the underlying business or industry changes driving this perspective?
分析記事 • May 06Is Now The Time To Put Volex (LON:VLX) On Your Watchlist?It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
新しいナラティブ • Apr 28Heavy Data Center Dependence And EV Uncertainty Will Challenge Long Term Earnings QualityCatalysts About Volex Volex supplies power and data connectivity assemblies to global customers across electric vehicles, data centers, medical, consumer electricals, complex industrials and Off Highway markets. What are the underlying business or industry changes driving this perspective?
ナラティブの更新 • Apr 27VLX: Updated Earnings Power Assumptions Will Shape Future P/E OutcomesAnalysts have lifted their price target on Volex by £1.30. This reflects updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions discussed in recent research.
ナラティブの更新 • Apr 10VLX: Updated Fair Value Assumptions And P/E Framework Will Guide Future ReturnsAnalysts have lifted their price target on Volex by £0.10, citing updated assumptions around fair value, discount rate and future P/E multiples as key supports for the new view. Analyst Commentary Recent Street research points to a modestly more constructive tone, with bullish analysts framing the £0.10 target lift as a reflection of refreshed fair value work and updated assumptions around the companys risk profile and earnings multiples.
ナラティブの更新 • Mar 26VLX: Refined Assumptions And Higher P/E Will Shape Measured Future ReturnsThe analyst price target for Volex has increased by £0.10. Analysts attribute this change to updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E.
お知らせ • Mar 26Volex plc Provides Group Earnings Guidance for the Year Ending 31 March 2026Volex plc provided group earnings guidance for the year ending 31 March 2026. For the year, the group expects revenue to be at least $1,220 million.
ナラティブの更新 • Mar 12VLX: Refined Discount Rate And Higher P/E Assumptions Will Support Future ReturnsNarrative Update The analyst price target for Volex has been raised by £0.10. Analysts cited updated fair value estimates, a revised discount rate, and refreshed P/E assumptions as key inputs behind the change.
ナラティブの更新 • Feb 26VLX: Refined Assumptions And Higher P/E Confidence Will Shape Future ReturnsAnalysts have lifted their price target on Volex by £0.10, reflecting updated views on its fair value, discount rate and expected future P/E following recent research commentary. Analyst Commentary Bullish Takeaways Bullish analysts view the £0.10 increase in the price target as better alignment with their updated fair value work, suggesting that recent research has led them to reassess the risk and return trade off more positively.
ナラティブの更新 • Feb 11VLX: Refined Assumptions And Modest Uplift Will Shape Future ReturnsAnalysts have raised their price target on Volex by £0.10, citing updated fair value work that reflects slight adjustments to the discount rate, revenue growth, profit margin assumptions, and future P/E expectations. Analyst Commentary Bullish Takeaways Bullish analysts view the £0.10 uplift in the price target as a sign that their refreshed fair value work supports the current investment case, even after updating discount rate and P/E assumptions.
Recent Insider Transactions • Feb 04Chief Operating Officer recently bought UK£144k worth of stockOn the 28th of January, Dom Molloy bought around 32k shares on-market at roughly UK£4.55 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth UK£160k. Despite this recent buy, Dom has been a net seller over the last 12 months, reducing personal holdings by UK£859k.
ナラティブの更新 • Jan 27VLX: Dividend Policy And New Leadership Will Shape Steady Future ReturnsAnalysts have nudged their price targets on Volex higher, including a £0.10 increase from recent Street research. This reflects updated assumptions for fair value, discount rate, revenue growth, profit margins and future P/E multiples.
分析記事 • Jan 21We Think Volex (LON:VLX) Can Stay On Top Of Its DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
ナラティブの更新 • Jan 11VLX: Dividend Policy And New Leadership Will Support Steady Future ReturnsAnalysts have adjusted their price target on Volex to reflect a slightly higher discount rate and a modestly lower assumed future P/E multiple. Their fair value estimate remains broadly unchanged in currency terms, while they fine tune the underlying risk and earnings expectations.
ナラティブの更新 • Dec 26VLX: Dividend Increase And New CEO Will Support Balanced Future ReturnsAnalysts have modestly raised their price target on Volex to reflect a slightly lower perceived risk profile and an incrementally higher future earnings multiple, resulting in a revised valuation of approximately $4.56 per share, up from about $4.56 previously. What's in the News Board declares an increased interim dividend of 1.6 pence per share for the half year ended September 30, 2025, up 6.7% from 1.5 pence a year earlier, reaffirming a progressive dividend policy (company announcement).
Recent Insider Transactions • Dec 17Non Executive Chair recently bought UK£160k worth of stockOn the 11th of December, David Webster bought around 39k shares on-market at roughly UK£4.07 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was David's only on-market trade for the last 12 months.
ナラティブの更新 • Dec 12VLX: Dividend And New CEO Will Drive Future Share UpsideAnalysts have nudged their price target on Volex slightly higher to reflect marginally stronger long term growth and profitability assumptions, resulting in a modest increase in the stock's estimated fair value in currency terms. What's in the News The board has declared an increased interim dividend of 1.6 pence per share for the half year ended September 30, 2025, up 6.7% year on year, reaffirming a progressive dividend policy and offering a scrip dividend alternative to cash (Company announcement).
ナラティブの更新 • Nov 28VLX: Leadership Changes And Dividend Increase Will Drive Near-Term MomentumAnalysts have raised their price target for Volex from £4.21 to £4.56. They cite refined expectations for growth, profitability, and valuation metrics as the reasons for this adjustment.
Declared Dividend • Nov 14Final dividend of UK£0.016 announcedShareholders will receive a dividend of UK£0.016. Ex-date: 27th November 2025 Payment date: 8th January 2026 Dividend yield will be 1.1%, which is lower than the industry average of 1.8%. Payout Ratios Payout ratio: 23%. Cash payout ratio: 34%.
ナラティブの更新 • Nov 13VLX: Improved Outlook And Leadership Changes Will Shape Future PerformanceVolex Analyst Price Target Raised on Improved Outlook Analysts have increased their price target for Volex from £3.95 to £4.21, citing slightly higher projected revenue growth and profit margins in their latest assessment. What's in the News Nat Rothschild has been appointed as Chief Executive Officer of Volex, with the appointment effective from 12 November 2025 (Key Developments).
Valuation Update With 7 Day Price Move • Nov 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to UK£4.28, the stock trades at a forward P/E ratio of 21x. Average trailing P/E is 21x in the Electrical industry in the United Kingdom. Total returns to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£2.22 per share.
お知らせ • Nov 12+ 2 more updatesVolex plc Declares Interim Dividend for the Half Year Ended September 30, 2025, Payable on January 8, 2025The Board of Volex plc declared an interim dividend Half Year Ended September 30, 2025 of 1.6 pence per share, representing an increase of 6.7% on the previous year, and remains committed to a progressive dividend policy, striking a balance between delivering growth through investment and returning cash to shareholders. The dividend for the Half Year Ended September 29, 2024 was 1.5 pence per share. The interim dividend will be paid on 8 January 2026 to those shareholders on the register on 28 November 2025. The ex-dividend date will be 27 November 2025.Shareholders may elect to receive the interim dividend as shares in the Company, in lieu of cash, under the Volex plc Scrip Dividend Scheme. The reference price for the Scrip Dividend will be announced on 4 December 2025.
分析記事 • Oct 22Is Now The Time To Put Volex (LON:VLX) On Your Watchlist?Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
お知らせ • Oct 17Volex plc Provides Group Earnings Guidance for the First Half Ended September 30, 2025 and Second Half of Year 2026Volex plc provided group earnings guidance for the first half ended September 30, 2025 and second half of year 2026. For the first half ended September 30, 2025, revenues are expected to exceed $575 million with organic revenue growth for the period of at least 11%, driven by the Group's product offering and long-standing relationships with blue-chip customers across five end-markets. Operating profit margin for the first half is expected to remain within the upper half of the Board's through-cycle target range of 9-10%. For the second-half of year 2026, the group expects revenues to be broadly similar to the first half, reflecting stable trading across most end-markets.
お知らせ • Oct 16Volex plc to Report First Half, 2026 Results on Nov 12, 2025Volex plc announced that they will report first half, 2026 results on Nov 12, 2025
お知らせ • Aug 27Credo Technology Group Holding Ltd and Volex plc Reach Settlement in Active Electrical Cable Patent Infringement DisputeCredo Technology Group Holding Ltd. has reached a license and settlement agreement with Volex plc related to Credo's patents covering Credo's active electrical cable technology. Based on this agreement, the lawsuit between the parties will be promptly withdrawn, bringing an end to their patent dispute.
Reported Earnings • Aug 24Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: US$0.26 (up from US$0.22 in FY 2024). Revenue: US$1.09b (up 19% from FY 2024). Net income: US$47.9m (up 22% from FY 2024). Profit margin: 4.4% (up from 4.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year.
お知らせ • Aug 08Volex plc Approves Final Dividend for the the Financial Year Ended 30 March 2025Volex plc announced that at the AGM held on 7 August 2025, approved to declare a final dividend of 3.0 pence per ordinary share for the financial year ended 30 March 2025.
Upcoming Dividend • Jul 24Upcoming dividend of UK£0.03 per shareEligible shareholders must have bought the stock before 31 July 2025. Payment date: 05 September 2025. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of British dividend payers (5.4%). Lower than average of industry peers (1.8%).
分析記事 • Jul 17Volex (LON:VLX) Has Announced That It Will Be Increasing Its Dividend To $0.03Volex plc ( LON:VLX ) has announced that it will be increasing its dividend from last year's comparable payment on the...
分析記事 • Jul 06Volex plc's (LON:VLX) 26% Price Boost Is Out Of Tune With EarningsDespite an already strong run, Volex plc ( LON:VLX ) shares have been powering on, with a gain of 26% in the last...
分析記事 • Jul 02Volex (LON:VLX) Is Increasing Its Dividend To $0.03Volex plc's ( LON:VLX ) dividend will be increasing from last year's payment of the same period to $0.03 on 5th of...
Declared Dividend • Jun 29Final dividend of UK£0.03 announcedShareholders will receive a dividend of UK£0.03. Ex-date: 31st July 2025 Payment date: 5th September 2025 Dividend yield will be 1.2%, which is lower than the industry average of 1.8%. Payout Ratios Payout ratio: 23%. Cash payout ratio: 36%.
Reported Earnings • Jun 27Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: US$0.26 (up from US$0.22 in FY 2024). Revenue: US$1.09b (up 19% from FY 2024). Net income: US$47.9m (up 22% from FY 2024). Profit margin: 4.4% (up from 4.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electrical industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Jun 27Volex (LON:VLX) Hasn't Managed To Accelerate Its ReturnsIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
New Risk • Jun 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (43% net debt to equity). Share price has been volatile over the past 3 months (6.9% average weekly change).
お知らせ • Jun 26Volex plc, Annual General Meeting, Aug 07, 2025Volex plc, Annual General Meeting, Aug 07, 2025.
Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improves as stock rises 20%After last week's 20% share price gain to UK£3.70, the stock trades at a forward P/E ratio of 20x. Average trailing P/E is 15x in the Electrical industry in the United Kingdom. Total returns to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£1.74 per share.
お知らせ • Jun 26Volex plc Proposes Final Dividend for the 52 Weeks Ended March 30, 2025, Payable on September 5, 2025Volex plc announced that the Board proposed an increased final dividend of 3.0 pence per share for the 52 weeks ended March 30, 2025 . This final dividend, combined with an interim dividend of 1.5 pence per share, results in a total dividend for FY2025 of 4.5 pence. If approved, the final dividend will be paid on September 5, 2025 to all shareholders on the register at August 1, 2025. The ex-dividend date will be July 31, 2025.
お知らせ • Jun 06PFN Group of Companies Inc. acquired 51% stake in Prodamex S.A De C.V./Terminal & Cable TC Inc. from Volex plc (AIM:VLX)PFN Group of Companies Inc. acquired 51% stake in Prodamex S.A De C.V./Terminal & Cable TC Inc. from Volex plc (AIM:VLX) on June 6, 2025. PFN Group of Companies Inc. completed the acquisition of 51% stake in Prodamex S.A De C.V./Terminal & Cable TC Inc. from Volex plc (AIM:VLX) on June 6, 2025.
お知らせ • Jun 02Volex plc to Report Fiscal Year 2025 Results on Jun 26, 2025Volex plc announced that they will report fiscal year 2025 results on Jun 26, 2025
Recent Insider Transactions • Apr 20Chief Operating Officer recently bought UK£149k worth of stockOn the 11th of April, Dom Molloy bought around 67k shares on-market at roughly UK£2.23 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger purchase from another insider worth UK£226k. This was Dom's only on-market trade for the last 12 months.
Recent Insider Transactions • Apr 14Executive Chairman recently bought UK£226k worth of stockOn the 9th of April, Nathaniel Philip Victor Rothschild bought around 103k shares on-market at roughly UK£2.20 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Nathaniel Philip Victor's only on-market trade for the last 12 months.
お知らせ • Apr 08Volex plc Provides Earnings Guidance for the Financial Year Ended 30 March 2025Volex plc announced that revenue for financial year 2025 is now expected to be at least $1,060 million, representing a year-on-year increase of at least 16%, and organic constant currency growth of at least 8%. Underlying operating margins are anticipated to be at the upper end of the target corridor of 9% to 10%, with operating profit of at least $100 million, well ahead of the top end of market estimates.
分析記事 • Apr 05Volex plc's (LON:VLX) 27% Dip In Price Shows Sentiment Is Matching EarningsVolex plc ( LON:VLX ) shareholders that were waiting for something to happen have been dealt a blow with a 27% share...
Buy Or Sell Opportunity • Apr 03Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 19% to UK£2.23. The fair value is estimated to be UK£2.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 29% in the next 2 years.
お知らせ • Mar 14Credo Files AEC Patent Infringement Complaint Against Amphenol, Molex, TE Connectivity, and VolexCredo Technology Group Holding Ltd. has filed a complaint alleging patent infringement on March 13, 2025, asking the United States International Trade Commission to initiate an investigation against Amphenol Corporation, Molex LLC, TE Connectivity PLC, and Volex PLC and to block the importation of products that infringe Credo’s patents related to Active Electrical Cables (AECs). In addition, Credo is filing parallel complaints in Federal District Court alleging willful infringement as Credo provided notice of its patents to each of these companies in September 2023. The action against these companies reflects Credo’s commitment to protecting its foundational innovations in AEC technology. Since its founding in 2008, Credo has developed, created, and delivered to U.S. customers a variety of high-speed wired connectivity solutions in the data infrastructure market, including its series of distinctive purple HiWire AECs.
新しいナラティブ • Feb 24EV Partnerships, Including Tesla, Will Drive Future Opportunities Strategic expansions and partnerships in emerging and high-growth sectors like EVs position Volex for robust future revenue growth.
分析記事 • Jan 15Here's What To Make Of Volex's (LON:VLX) Decelerating Rates Of ReturnTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...
分析記事 • Dec 13Earnings Tell The Story For Volex plc (LON:VLX)There wouldn't be many who think Volex plc's ( LON:VLX ) price-to-earnings (or "P/E") ratio of 16x is worth a mention...
分析記事 • Nov 18Volex (LON:VLX) Will Pay A Dividend Of $0.015Volex plc ( LON:VLX ) has announced that it will pay a dividend of $0.015 per share on the 9th of January. This takes...
Declared Dividend • Nov 18First half dividend of UK£0.015 announcedShareholders will receive a dividend of UK£0.015. Ex-date: 28th November 2024 Payment date: 9th January 2025 Dividend yield will be 1.4%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 17% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
New Risk • Nov 17New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 43% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (43% net debt to equity). Shareholders have been diluted in the past year (13% increase in shares outstanding).
分析記事 • Nov 16Volex plc's (LON:VLX) Intrinsic Value Is Potentially 24% Below Its Share PriceKey Insights Volex's estimated fair value is UK£2.32 based on 2 Stage Free Cash Flow to Equity Volex is estimated to be...
お知らせ • Nov 16Volex Announces Possible Offer for TT ElectronicsVolex plc (AIM:VLX) announced that it has submitted two proposals to the Board of TT Electronics plc (LSE:TTG) regarding a possible cash and shares offer for the entire issued and to be issued share capital of TT Electronics. The first proposal comprised 62.9 pence in cash and 0.203 new Volex shares per TT Electronics share which implied, at the time of the first proposal, a price of 129.0 pence per TT Electronics share, and the second proposal comprised 62.9 pence in cash and 0.223 new Volex shares per TT Electronics share which implied, at the time of the second proposal, a price of 135.5 pence per TT Electronics share (together, the "Volex Proposals"). The Board of TT Electronics has declined to engage with Volex and rejected each of the Volex Proposals. Based on the price of Volex shares as at the close of business on 14 November 2024 (being the latest practicable date prior to the date of this announcement), Volex's latest proposal, consisting of 62.9 pence in cash and 0.223 new Volex shares per TT Electronics share (the "Second Proposal"), now implies a value of 139.6 pence per TT Electronics share, values the fully diluted share capital of TT Electronics at £248.6m and implies a premium of: 76.7% to TT Electronics closing price of 79.0 pence as at the close of business on 14 November 2024 (being the latest practicable date prior to the commencement of the offer period on 15 November 2024); and 73.2% to the one month volume weighted average price for TT Electronics shares as at the close of business on 14 November 2024. The Board of Volex therefore firmly believes that the terms of the Second Proposal offer a highly attractive opportunity for TT Electronics shareholders to realise both an immediate partial cash exit following the ongoing operational and end market challenges faced by TT Electronics and the opportunity to share meaningfully in the upside of a highly attractive enlarged business. If any offer were made on the basis of the Second Proposal, Volex expects it would offer a mix-and-match facility to provide TT Electronics shareholders with flexibility. Lord Rothschild, Executive Chairman of Volex, commented: "We believe that bringing Volex and TT Electronics together in a highly synergistic transaction would create a scaled and diversified leader in the specialist electronics market which would act as a platform for future organic and inorganic growth and significant value creation. TT Electronics would provide the Group with further exposure to structural growth markets, such as medical and industrial technology, and add a new end-market, aerospace and defence, to progress Volex's successful strategy of diversification. At the same time, TT Electronics would benefit from being part of a larger group with stronger performance and the associated opportunities for revenue and cost synergies to deliver higher profitability. Despite the resilience of TT Electronics' underlying business, it has faced persistent challenges in recent years, which Volex believes have been exacerbated by execution missteps by the Board, including former and current executive leadership. As a result TT Electronics' shares are trading at a 10 year low. Since the disposal of the former Transportation Sensing and Control division in 2017 for c.£119 million, TT Electronics has spent approximately the same amount on acquisitions (for which the purchase prices have been disclosed), paying elevated multiples in an effort to develop a higher quality business. Instead, TT Electronics has delivered a series of inconsistent annual results with adjusted operating profit only improving 60 bps since 2019 to 8.6% for the financial year ended 31 December 2023, well below the 10%+ margin target set by TT Electronics management in 2019. This is before factoring in restructuring charges, which amounted to a total of £43.9m over the same period. In comparison, Volex's adjusted operating margin increased by 170 bps to 9.8% from 2020 to 2024 (financial year ending 31 March), achieving and sustaining the higher end of management's guidance for 9-10% margin. Volex's only restructuring charge during this period was £0.8 million recognised in 2022. TT Electronics' acquisition strategy has also resulted in very disappointing outcomes. In early 2024, TT Electronics disposed of three sites with a write-down of £32.5 million, including the company's activities at Hartlepool and Dongguan, which it had acquired through its takeover of Stadium plc in 2018. Furthermore, TT Electronics now has operational issues at two North American sites serving aerospace and defence, a market that TT Electronics has targeted through its acquisitions of Torotel and Covina in the US.
お知らせ • Nov 15Volex plc Declares an Interim Dividend, Payable on 9 January 2025The Board of Volex plc has declared an interim dividend of 1.5 pence, an increase of 7.1% on the previous year, and remains committed to a progressive dividend policy, striking a balance between delivering growth through investment and returning cash to shareholders. The interim dividend will be paid on 9 January 2025 to those shareholders on the register on 29 November 2024. The ex-dividend date will be 28 November 2024.
お知らせ • Oct 16Volex plc to Report First Half, 2025 Results on Nov 15, 2024Volex plc announced that they will report first half, 2025 results on Nov 15, 2024
お知らせ • Aug 02Volex plc Declares Final Dividend for the Financial Year Ended 31 March 2024Volex plc at its annual general meeting held on August 1, 2024, declared a final dividend of 2.8 pence per ordinary share for the financial year ended 31 March 2024.
Upcoming Dividend • Jul 18Upcoming dividend of UK£0.028 per shareEligible shareholders must have bought the stock before 25 July 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of British dividend payers (5.5%). Lower than average of industry peers (1.9%).
分析記事 • Jul 05We Think That There Are Some Issues For Volex (LON:VLX) Beyond Its Promising EarningsVolex plc's ( LON:VLX ) stock didn't jump after it announced some healthy earnings. Our analysis showed that there are...
分析記事 • Jun 29Volex's (LON:VLX) Upcoming Dividend Will Be Larger Than Last Year'sVolex plc ( LON:VLX ) has announced that it will be increasing its dividend from last year's comparable payment on the...
Declared Dividend • Jun 28Final dividend of UK£0.028 announcedShareholders will receive a dividend of UK£0.028. Ex-date: 25th July 2024 Payment date: 30th August 2024 Dividend yield will be 1.3%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 17% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 63% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 27Volex plc, Annual General Meeting, Aug 01, 2024Volex plc, Annual General Meeting, Aug 01, 2024.
Reported Earnings • Jun 27Full year 2024 earnings released: EPS: US$0.22 (vs US$0.23 in FY 2023)Full year 2024 results: EPS: US$0.22. Revenue: US$912.8m (up 26% from FY 2023). Net income: US$39.3m (up 6.8% from FY 2023). Profit margin: 4.3% (down from 5.1% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in the United Kingdom.
お知らせ • Jun 26Volex plc Proposes Final Dividend, Payable 30 August 2024Volex plc announced that subject to approval by shareholders at the upcoming AGM on 1 August 2024, the company proposed a final dividend of 2.8 pence per ordinary share will be paid on 30 August 2024 to shareholders on the register on 26 July 2024. The ex-dividend date will be 25 July 2024.
お知らせ • May 25Volex plc to Report Fiscal Year 2024 Results on Jun 26, 2024Volex plc announced that they will report fiscal year 2024 results on Jun 26, 2024
分析記事 • May 10Volex plc (LON:VLX) Stocks Shoot Up 25% But Its P/E Still Looks ReasonableVolex plc ( LON:VLX ) shares have had a really impressive month, gaining 25% after a shaky period beforehand. Looking...
Valuation Update With 7 Day Price Move • Apr 22Investor sentiment improves as stock rises 18%After last week's 18% share price gain to UK£3.18, the stock trades at a forward P/E ratio of 14x. Average trailing P/E is 17x in the Electrical industry in the United Kingdom. Total loss to shareholders of 4.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£3.38 per share.
分析記事 • Apr 19Is Now The Time To Put Volex (LON:VLX) On Your Watchlist?Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
お知らせ • Apr 19Volex plc Provides Revenue Guidance for the Financial Year Ended 31 March 2024Volex plc announced that revenue is now expected to be at least $900 million for the financial year ended 31 March 2024, representing an increase of at least 25% over the prior year, including seven months contribution from the acquisition of Murat Ticaret, while underlying operating profit1 is also now anticipated to be slightly ahead of analyst expectations.
分析記事 • Feb 22We Think Volex (LON:VLX) Can Stay On Top Of Its DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
お知らせ • Feb 07Spectra7 and Volex Announce Successful Demonstration of Industry Leading Performance for 800G Active Copper InterconnectsSpectra7 Microsystems Inc. and Volex plc announced that they successfully demonstrated industry leading performance of 800G Active Copper Cables (ACCs) at this year's annual DesignCon Conference Exhibition held last week in Santa Clara, California. In the demonstration, Volex 800Gbps QSFP-DD ACCs with Spectra7's embedded GC1122 chips successfully interoperated with test equipment from several vendors to produce very robust low pre-FEC bit error rates (BERs) significantly below standard required BER. Spectra7's analog based GaugeChanger GC1122 chips are used in ACCs and offer significant cost, size, and energy consumption value versus competing Active Electrical Cables (AECs) and Active Optical Cables (AOCs) that use Digital Signal Processing (DSP) technologies.
Reported Earnings • Nov 24First half 2024 earnings released: EPS: US$0.089 (vs US$0.10 in 1H 2023)First half 2024 results: EPS: US$0.089 (down from US$0.10 in 1H 2023). Revenue: US$397.5m (up 11% from 1H 2023). Net income: US$15.1m (down 7.4% from 1H 2023). Profit margin: 3.8% (down from 4.6% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 4% per year.
お知らせ • Nov 23Volex plc Declares Interim Dividend, Payable on 10 January 2024Volex plc has declared an interim dividend of 1.4 pence, an increase of 7.7% on the previous year. Since the Group recommenced dividend distributions in 2020, it has progressively increased payments by 40% in that time. The Board is committed to a progressive dividend policy, striking a balance between delivering growth through investment and returning cash to shareholders. The interim dividend will be paid on 10 January 2024 to those shareholders on the register on 1 December 2023. The ex-dividend date will be 30 November 2023.
お知らせ • Oct 25Volex plc Provides Group Earnings Guidance for the 52 Weeks Ending 31 March 2024Volex plc provided group earnings guidance for the 52 weeks ending 31 March 2024. The Group continues to maintain strong financial momentum and is well positioned to achieve full-year results in line with market expectations. The Company has compiled forecasts from four analysts with current market forecasts for the 52 weeks ending 31 March 2024 for revenue to be in the range of $849.8 million to $891.0 million, with a consensus of $864.6 million, and for underlying operating profit to be in the range of $82.3 million to $87.0 million, with a consensus of $84.3 million.
お知らせ • Oct 20Volex plc Announces Directorate ChangesVolex plc announced the following changes to its Board. John Wilson has been appointed to the Board, as an independent non-executive Director, with effect from 19 October 2023. John is a globally experienced Boardroom Director, with a strong background in the technology, components and connectivity solutions sectors. He is currently CEO of Bulgin Limited, a global leading manufacturer of sealed connectors and components, and was formerly Senior Independent Director, Chair of the Audit Committee and Chair of the Remuneration Committee of Checkit plc (previously Elektron Technology plc). John has a degree in Engineering from the University of Durham. Dean Moore, senior non-executive Director, has notified the Board of his decision to resign with immediate effect, in order to pursue other business interests. Sir Peter Westmacott has been appointed as Senior Independent Director, and Jeffrey Jackson has been appointed as a member of the Nominations Committee, both with immediate effect. Following his appointment, John Wilson will assume the role of Chair of the Audit Committee.
分析記事 • Oct 10At UK£2.88, Is It Time To Put Volex plc (LON:VLX) On Your Watch List?While Volex plc ( LON:VLX ) might not be the most widely known stock at the moment, it received a lot of attention from...
Buying Opportunity • Sep 07Now 20% undervaluedOver the last 90 days, the stock is up 14%. The fair value is estimated to be UK£3.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 42% in 2 years. Earnings is forecast to grow by 54% in the next 2 years.
お知らせ • Sep 02Volex plc (AIM:VLX) completed the acquisition of Murat Ticaret Kablo Sanayi Anonim Sirketi.Volex plc (AIM:VLX) agreed acquire Murat Ticaret Kablo Sanayi Anonim Sirketi for approximately €180 million on June 22, 2023. The consideration of up to approximately €178.1 million will be satisfied through €136.5 million in initial cash consideration; and up to €41.6 million of deferred contingent consideration payable over two years subject to financial performance in each of the two years, to catch up rights and to satisfy the deferred contingent consideration entirely in cash, or up to approximately 50% in Volex ordinary shares, at its discretion. In related transaction, Volex is raising approximately €69.91 million to part-fund the initial cash consideration for the Acquisition. The initial cash consideration of €136.5 million will be satisfied by the net cash proceeds from the Fundraising of approximately €68.4 million and the remaining €68.1 million balance will be funded from existing and amended debt facilities. The year ended December 31, 2022, Murat Ticaret generated consolidated revenue and underlying EBITDA of approximately €158 million and €33 million respectively and net assets of approximately €69 million. The Acquisition is expected to complete in two to three months, subject to approval by the Turkish and Macedonian competition authorities. Ed Allsopp, Mike Bell, Tom Ballard, Ben Harrington, Sohail Akbar and Jock Maxwell Macdonald of Peel Hunt LLP acted as a nominated financial advisor to Volex. Elvan Aziz and Serdar Ildirar and Togan Turan of Paksoy Ortak Avukat Burosu acted as a legal advisor to Volex plc. Gowling WLG acted as a legal advisor to Volex. As on August 7, 2023, Turkey and Macedonia competition authorities approved the deal. All conditions have been fulfilled. The transaction is expected to complete at the end of August.Volex plc (AIM:VLX) completed the acquisition of Murat Ticaret Kablo Sanayi Anonim Sirketi on September 1, 2023.
New Risk • Aug 30New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 14% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.
分析記事 • Aug 15Is Volex (LON:VLX) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
お知らせ • Jul 29Board of Volex plc Approves Final Dividend for the Financial Year Ended 2 April 2023Volex plc announced that at its AGM held on July 27, 2023 approved a final dividend of 2.6 pence per ordinary share for the financial year ended 2 April 2023.
Recent Insider Transactions • Jul 21Executive Chairman recently bought UK£342k worth of stockOn the 18th of July, Nathaniel Philip Victor Rothschild bought around 118k shares on-market at roughly UK£2.90 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Nathaniel Philip Victor's only on-market trade for the last 12 months.
Upcoming Dividend • Jul 13Upcoming dividend of UK£0.026 per share at 1.3% yieldEligible shareholders must have bought the stock before 20 July 2023. Payment date: 25 August 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of British dividend payers (6.2%). Lower than average of industry peers (2.3%).
分析記事 • Jun 25Volex (LON:VLX) Is Increasing Its Dividend To $0.026The board of Volex plc ( LON:VLX ) has announced that it will be paying its dividend of $0.026 on the 25th of August...
Reported Earnings • Jun 22Full year 2023 earnings released: EPS: US$0.23 (vs US$0.19 in FY 2022)Full year 2023 results: EPS: US$0.23 (up from US$0.19 in FY 2022). Revenue: US$722.8m (up 18% from FY 2022). Net income: US$36.8m (up 21% from FY 2022). Profit margin: 5.1% (up from 4.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 13+ 2 more updatesVolex plc, Annual General Meeting, Jul 24, 2023Volex plc, Annual General Meeting, Jul 24, 2023.
Valuation Update With 7 Day Price Move • May 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to UK£2.78, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 19x in the Electrical industry in the United Kingdom. Total returns to shareholders of 102% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£2.79 per share.
Valuation Update With 7 Day Price Move • Apr 18Investor sentiment improves as stock rises 16%After last week's 16% share price gain to UK£2.35, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 19x in the Electrical industry in the United Kingdom. Total returns to shareholders of 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£2.50 per share.
Major Estimate Revision • Nov 16Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 EPS estimate increased from US$0.21 to US$0.23. Revenue forecast steady at US$692.7m. Net income forecast to grow 26% next year vs 22% growth forecast for Electrical industry in the United Kingdom. Consensus price target broadly unchanged at UK£4.25. Share price rose 10% to UK£2.81 over the past week.
