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XPP

XP PowerLSE:XPP Stock Report

Market Cap

UK£1.0b

7D

4.4%

1Y

20.8%

Updated

16 Oct, 2021

Data

Company Financials +
XPP fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance6/6
Financial Health5/6
Dividends4/6

XPP Overview

XP Power Limited, an investment holding company, designs and manufactures power supply solutions in Europe, North America, and Asia.

XP Power Competitors

Price History & Performance

Summary of all time highs, changes and price drops for XP Power
Historical stock prices
Current Share PriceUK£52.20
52 Week HighUK£36.59
52 Week LowUK£58.00
Beta1.19
1 Month Change-0.19%
3 Month Change5.14%
1 Year Change20.83%
3 Year Change97.73%
5 Year Change204.02%
Change since IPO825.94%

Recent News & Updates

Oct 14
XP Power's (LON:XPP) Upcoming Dividend Will Be Larger Than Last Year's

XP Power's (LON:XPP) Upcoming Dividend Will Be Larger Than Last Year's

The board of XP Power Limited ( LON:XPP ) has announced that it will be increasing its dividend on the 17th of January...

Sep 24
Why You Should Care About XP Power's (LON:XPP) Strong Returns On Capital

Why You Should Care About XP Power's (LON:XPP) Strong Returns On Capital

There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...

Aug 05
We Think XP Power (LON:XPP) Can Manage Its Debt With Ease

We Think XP Power (LON:XPP) Can Manage Its Debt With Ease

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...

Aug 05
XP Power (LON:XPP) Is Increasing Its Dividend To UK£0.19

XP Power (LON:XPP) Is Increasing Its Dividend To UK£0.19

XP Power Limited ( LON:XPP ) has announced that it will be increasing its dividend on the 14th of October to UK£0.19...

Shareholder Returns

XPPGB ElectricalGB Market
7D4.4%8.7%1.7%
1Y20.8%53.1%23.1%

Return vs Industry: XPP underperformed the UK Electrical industry which returned 53.2% over the past year.

Return vs Market: XPP underperformed the UK Market which returned 22.9% over the past year.

Price Volatility

Is XPP's price volatile compared to industry and market?
XPP volatility
XPP Beta1.19
Industry Beta1.14
Market Beta1

Stable Share Price: XPP is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: XPP's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19882,263Gavin Griggshttps://www.xppowerplc.com

XP Power Limited, an investment holding company, designs and manufactures power supply solutions in Europe, North America, and Asia. The company offers AC-DC power supplies, DC-DC converters, high voltage AC-DC power supplies, high voltage DC-DC converters, RF power systems, EMI filters, custom power supplies, and 3 phase power sources. It also offers engineering services.

XP Power Fundamentals Summary

How do XP Power's earnings and revenue compare to its market cap?
XPP fundamental statistics
Market CapUK£1.02b
Earnings (TTM)UK£36.90m
Revenue (TTM)UK£248.10m

27.6x

P/E Ratio

4.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
XPP income statement (TTM)
RevenueUK£248.10m
Cost of RevenueUK£129.30m
Gross ProfitUK£118.80m
ExpensesUK£81.90m
EarningsUK£36.90m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.89
Gross Margin47.88%
Net Profit Margin14.87%
Debt/Equity Ratio17.1%

How did XPP perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

49%

Payout Ratio

Does XPP pay a reliable dividends?

See XPP dividend history and benchmarks
When do you need to buy XPP by to receive an upcoming dividend?
XP Power dividend dates
Ex Dividend DateDec 09 2021
Dividend Pay DateJan 17 2022
Days until Ex dividend53 days
Days until Dividend pay date92 days

Does XPP pay a reliable dividends?

See XPP dividend history and benchmarks

Valuation

Is XP Power undervalued compared to its fair value and its price relative to the market?

27.56x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: XPP (£52.2) is trading above our estimate of fair value (£39.79)

Significantly Below Fair Value: XPP is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: XPP's PE Ratio (27.6x) is in line with the UK Electrical industry average.

PE vs Market: XPP is poor value based on its PE Ratio (27.6x) compared to the UK market (21.4x).


Price to Earnings Growth Ratio

PEG Ratio: XPP is poor value based on its PEG Ratio (2.8x)


Price to Book Ratio

PB vs Industry: XPP is overvalued based on its PB Ratio (6.1x) compared to the GB Electrical industry average (4.2x).


Future Growth

How is XP Power forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

9.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: XPP's forecast earnings growth (9.8% per year) is above the savings rate (0.9%).

Earnings vs Market: XPP's earnings (9.8% per year) are forecast to grow slower than the UK market (13% per year).

High Growth Earnings: XPP's earnings are forecast to grow, but not significantly.

Revenue vs Market: XPP's revenue (4.5% per year) is forecast to grow slower than the UK market (4.9% per year).

High Growth Revenue: XPP's revenue (4.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: XPP's Return on Equity is forecast to be high in 3 years time (20.8%)


Past Performance

How has XP Power performed over the past 5 years?

5.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: XPP has high quality earnings.

Growing Profit Margin: XPP's current net profit margins (14.9%) are higher than last year (8.9%).


Past Earnings Growth Analysis

Earnings Trend: XPP's earnings have grown by 5.5% per year over the past 5 years.

Accelerating Growth: XPP's earnings growth over the past year (101.6%) exceeds its 5-year average (5.5% per year).

Earnings vs Industry: XPP earnings growth over the past year (101.6%) exceeded the Electrical industry 71.4%.


Return on Equity

High ROE: XPP's Return on Equity (22.1%) is considered high.


Financial Health

How is XP Power's financial position?


Financial Position Analysis

Short Term Liabilities: XPP's short term assets (£108.3M) exceed its short term liabilities (£38.8M).

Long Term Liabilities: XPP's short term assets (£108.3M) exceed its long term liabilities (£39.8M).


Debt to Equity History and Analysis

Debt Level: XPP's debt to equity ratio (17.1%) is considered satisfactory.

Reducing Debt: XPP's debt to equity ratio has increased from 11.9% to 17.1% over the past 5 years.

Debt Coverage: XPP's debt is well covered by operating cash flow (154.2%).

Interest Coverage: XPP's interest payments on its debt are well covered by EBIT (30.4x coverage).


Balance Sheet


Dividend

What is XP Power current dividend yield, its reliability and sustainability?

1.42%

Current Dividend Yield


Upcoming Dividend Payment

TodayOct 17 2021Ex Dividend DateDec 09 2021Dividend Pay DateJan 17 202239 days from Ex DividendBuy in the next 53 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: XPP's dividend (1.42%) is higher than the bottom 25% of dividend payers in the UK market (1.4%).

High Dividend: XPP's dividend (1.42%) is low compared to the top 25% of dividend payers in the UK market (4.02%).


Stability and Growth of Payments

Stable Dividend: XPP's dividend payments have been volatile in the past 10 years.

Growing Dividend: XPP's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (48.9%), XPP's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: XPP's dividends in 3 years are forecast to be well covered by earnings (47.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.4yrs

Average management tenure


CEO

Gavin Griggs

0.75

Tenure

UK£878,000

Compensation

Mr. Gavin Peter Griggs serves as Chief Executive Officer at XP Power Limited since January 1, 2021. He has been Executive Director at XP Power Limited since October 31, 2017. He had been Chief Financial Of...


CEO Compensation Analysis

Compensation vs Market: Gavin's total compensation ($USD1.21M) is about average for companies of similar size in the UK market ($USD1.45M).

Compensation vs Earnings: Gavin's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: XPP's management team is seasoned and experienced (7.4 years average tenure).


Board Members

Experienced Board: XPP's board of directors are considered experienced (5.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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

XP Power Limited's employee growth, exchange listings and data sources


Key Information

  • Name: XP Power Limited
  • Ticker: XPP
  • Exchange: LSE
  • Founded: 1988
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: UK£1.017b
  • Shares outstanding: 19.48m
  • Website: https://www.xppowerplc.com

Number of Employees


Location

  • XP Power Limited
  • No. 02-02, Haw Par Technocentre
  • Lobby B
  • Singapore
  • 149598
  • Singapore

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 18:06
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.