Volex plc manufactures and supplies power products and cable assemblies in North America, Europe, and Asia. More Details
Outstanding track record with flawless balance sheet.
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 +/- 6% a week.
Volatility Over Time: VLX's weekly volatility (6%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: VLX exceeded the UK Electrical industry which returned 65% over the past year.
Return vs Market: VLX exceeded the UK Market which returned 19.4% over the past year.
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
2 weeks ago | Simply Wall StInsider Buying: The Volex plc (LON:VLX) Chief Operating Officer Just Bought 4.7% More Shares
3 weeks ago | Simply Wall StIf You Like EPS Growth Then Check Out Volex (LON:VLX) Before It's Too Late
2 months ago | Simply Wall StVolex (LON:VLX) Has Announced That It Will Be Increasing Its Dividend To UK£0.022
Is Volex undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: VLX (£4.59) is trading above our estimate of fair value (£2.78)
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 (25.5x) compared to the UK Electrical industry average (27.6x).
PE vs Market: VLX is poor value based on its PE Ratio (25.5x) compared to the UK market (23.8x).
Price to Earnings Growth Ratio
PEG Ratio: VLX is poor value based on its PEG Ratio (6x)
Price to Book Ratio
PB vs Industry: VLX is overvalued based on its PB Ratio (5.4x) compared to the GB Electrical industry average (4.2x).
How is Volex forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VLX's forecast earnings growth (4.3% per year) is above the savings rate (0.9%).
Earnings vs Market: VLX's earnings (4.3% per year) are forecast to grow slower than the UK market (13.3% per year).
High Growth Earnings: VLX's earnings are forecast to grow, but not significantly.
Revenue vs Market: VLX's revenue (11.1% per year) is forecast to grow faster than the UK market (4.9% per year).
High Growth Revenue: VLX's revenue (11.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VLX's Return on Equity is forecast to be high in 3 years time (22.1%)
How has Volex performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VLX has high quality earnings.
Growing Profit Margin: VLX's current net profit margins (8.8%) are higher than last year (3.8%).
Past Earnings Growth Analysis
Earnings Trend: VLX has become profitable over the past 5 years, growing earnings by 69% per year.
Accelerating Growth: VLX's earnings growth over the past year (164.7%) exceeds its 5-year average (69% per year).
Earnings vs Industry: VLX earnings growth over the past year (164.7%) exceeded the Electrical industry 71.4%.
Return on Equity
High ROE: VLX's Return on Equity (21.1%) is considered high.
How is Volex's financial position?
Financial Position Analysis
Short Term Liabilities: VLX's short term assets ($227.3M) exceed its short term liabilities ($155.1M).
Long Term Liabilities: VLX's short term assets ($227.3M) exceed its long term liabilities ($71.0M).
Debt to Equity History and Analysis
Debt Level: VLX's debt to equity ratio (23.8%) is considered satisfactory.
Reducing Debt: VLX's debt to equity ratio has reduced from 66.1% to 23.8% over the past 5 years.
Debt Coverage: VLX's debt is well covered by operating cash flow (88.4%).
Interest Coverage: VLX's interest payments on its debt are well covered by EBIT (15.2x coverage).
What is Volex current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: VLX's dividend (0.71%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.32%).
High Dividend: VLX's dividend (0.71%) is low compared to the top 25% of dividend payers in the UK market (3.94%).
Stability and Growth of Payments
Stable Dividend: VLX is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.
Growing Dividend: VLX is not paying a notable dividend for the UK market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: VLX is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of VLX's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Volex has no CEO, or we have no data on them.
Experienced Management: VLX's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Experienced Board: VLX's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.6%.
Volex plc's company bio, employee growth, exchange listings and data sources
- Name: Volex plc
- Ticker: VLX
- Exchange: AIM
- Founded: 1919
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: UK£722.079m
- Shares outstanding: 157.49m
- Website: https://www.volex.com
Number of Employees
- Volex plc
- Unit C1 Antura
- Bond Close
- RG24 8PZ
- United Kingdom
Volex plc manufactures and supplies power products and cable assemblies in North America, Europe, and Asia. The company designs, manufactures, and sells power cords, duck heads, and related products to man...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/17 22:26|
|End of Day Share Price||2021/09/17 00:00|
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.