Market Cap
UK£500.8m
Last Updated
2021/01/17 20:27 UTC
Data Sources
Company Financials +
Executive Summary
Volex plc manufactures and supplies power products and cable assemblies in North America, Europe, and Asia. More Details
Rewards
PE ratio (30.3x) is below the Electrical industry average (30.6x)
Risk Analysis
VLX passed our risk checks.
Snowflake Analysis
Flawless balance sheet with proven track record.
Share Price & News
How has Volex's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VLX is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: VLX's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
3.1%
VLX
-1.0%
GB Electrical
-0.7%
GB Market
1 Year Return
100.6%
VLX
22.1%
GB Electrical
-8.5%
GB Market
Return vs Industry: VLX exceeded the UK Electrical industry which returned 22% over the past year.
Return vs Market: VLX exceeded the UK Market which returned -8.7% over the past year.
Shareholder returns
| VLX | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.1% | -1.0% | -0.7% |
| 30 Day | 7.1% | 17.3% | 3.8% |
| 90 Day | 43.9% | 56.4% | 14.6% |
| 1 Year | 104.2%100.6% | 22.2%22.1% | -4.7%-8.5% |
| 3 Year | 322.9%312.7% | 36.3%30.6% | 3.9%-8.8% |
| 5 Year | 568.3%552.2% | 361.6%-81.4% | 47.6%14.1% |
Long-Term Price Volatility Vs. Market
How volatile is Volex's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
Do Insiders Own Lots Of Shares In Volex plc (LON:VLX)?1 week ago | Simply Wall St
If You Like EPS Growth Then Check Out Volex (LON:VLX) Before It's Too Late3 weeks ago | Simply Wall St
We Think Volex (LON:VLX) Can Stay On Top Of Its DebtValuation
Is Volex undervalued compared to its fair value and its price relative to the market?
30.29x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: VLX (£3.31) is trading above our estimate of fair value (£2.83)
Significantly Below Fair Value: VLX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: VLX is good value based on its PE Ratio (30.3x) compared to the GB Electrical industry average (30.6x).
PE vs Market: VLX is poor value based on its PE Ratio (30.3x) compared to the UK market (22.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate VLX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: VLX is overvalued based on its PB Ratio (4.5x) compared to the GB Electrical industry average (3.1x).
Next Steps
Future Growth
How is Volex forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
6.1%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if VLX's forecast earnings growth is above the savings rate (1%).
Earnings vs Market: Insufficient data to determine if VLX's earnings are forecast to grow faster than the UK market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: VLX's revenue (6.1% per year) is forecast to grow slower than the UK market (6.5% per year).
High Growth Revenue: VLX's revenue (6.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if VLX's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Volex performed over the past 5 years?
67.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VLX has high quality earnings.
Growing Profit Margin: VLX's current net profit margins (5.6%) are higher than last year (3.5%).
Past Earnings Growth Analysis
Earnings Trend: VLX has become profitable over the past 5 years, growing earnings by 67.7% per year.
Accelerating Growth: VLX's earnings growth over the past year (63.6%) is below its 5-year average (67.7% per year).
Earnings vs Industry: VLX earnings growth over the past year (63.6%) exceeded the Electrical industry 20.1%.
Return on Equity
High ROE: VLX's Return on Equity (14.8%) is considered low.
Next Steps
Financial Health
How is Volex's financial position?
Financial Position Analysis
Short Term Liabilities: VLX's short term assets ($183.2M) exceed its short term liabilities ($107.3M).
Long Term Liabilities: VLX's short term assets ($183.2M) exceed its long term liabilities ($15.1M).
Debt to Equity History and Analysis
Debt Level: VLX's debt to equity ratio (1.5%) is considered satisfactory.
Reducing Debt: VLX's debt to equity ratio has reduced from 66.9% to 1.5% over the past 5 years.
Debt Coverage: VLX's debt is well covered by operating cash flow (2221.2%).
Interest Coverage: VLX's interest payments on its debt are well covered by EBIT (20x coverage).
Balance Sheet
Next Steps
Dividend
What is Volex current dividend yield, its reliability and sustainability?
1.08%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: VLX's dividend (1.08%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.55%).
High Dividend: VLX's dividend (1.08%) is low compared to the top 25% of dividend payers in the UK market (4.55%).
Stability and Growth of Payments
Stable Dividend: VLX's dividend payments have been volatile in the past 10 years.
Growing Dividend: VLX's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (26%), VLX's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: VLX's dividends in 3 years are forecast to be well covered by earnings (19.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
0.4yrs
Average management tenure
CEO
Volex has no CEO, or we have no data on them.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 5.17yrs | US$1.65m | 25.39% $ 127.2m | |
| Chief Financial Officer | 0.17yr | no data | no data | |
| Chief Operating Officer | 2.75yrs | US$33.97k | 0.87% $ 4.3m | |
| Group HR Director | no data | no data | no data | |
| Company Secretary | 0.42yr | no data | no data |
0.4yrs
Average Tenure
49yo
Average Age
Experienced Management: VLX's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 5.17yrs | US$1.65m | 25.39% $ 127.2m | |
| Senior Independent Non-Executive Director | 3.5yrs | US$70.00k | 0.0099% $ 49.6k | |
| Independent Non-Executive Director | 4.58yrs | US$60.00k | 0.017% $ 82.7k | |
| Independent Non-Executive Director | 0.17yr | no data | no data | |
| Independent Non-Executive Director | 1.5yrs | US$37.50k | 0.0066% $ 33.1k |
3.5yrs
Average Tenure
62yo
Average Age
Experienced Board: VLX's board of directors are considered experienced (3.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: VLX insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Volex plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Volex plc
- Ticker: VLX
- Exchange: AIM
- Founded: 1919
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: UK£500.784m
- Shares outstanding: 151.29m
- Website: https://www.volex.com
Number of Employees
Location
- Volex plc
- Unit C1 Antura
- Bond Close
- Basingstoke
- Hampshire
- RG24 8PZ
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| VLX | AIM (London Stock Exchange AIM Market) | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
| VLXG.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| 64K | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
Biography
Volex plc manufactures and supplies power products and cable assemblies in North America, Europe, and Asia. The company’s Power Products division designs, manufactures, and sells power cords, duck heads, a...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/17 20:27 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/10/04 |
| Annual Earnings | 2020/04/05 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.