XP Power Limited

LSE:XPP Stock Report

Market Cap: UK£295.5m

XP Power Valuation

Is XPP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of XPP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: XPP (£12.5) is trading above our estimate of fair value (£7.4)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for XPP?

Key metric: As XPP is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for XPP. This is calculated by dividing XPP's market cap by their current revenue.
What is XPP's PS Ratio?
PS Ratio1x
SalesUK£283.30m
Market CapUK£295.48m

Price to Sales Ratio vs Peers

How does XPP's PS Ratio compare to its peers?

The above table shows the PS ratio for XPP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.9x
CWR Ceres Power Holdings
8.2x20.9%UK£319.4m
TFW FW Thorpe
2.1xn/aUK£367.3m
LUCE Luceco
0.9x8.2%UK£197.4m
VLX Volex
0.6x6.6%UK£506.6m
XPP XP Power
1x3.2%UK£295.5m

Price-To-Sales vs Peers: XPP is good value based on its Price-To-Sales Ratio (1x) compared to the peer average (2.9x).

Price to Sales Ratio vs Industry

How does XPP's PS Ratio compare vs other companies in the GB Electrical Industry?

11 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.1.0x15.2%
XPP XP Power
 1x3.2%US$371.56m
VLX Volex
0.6x6.6%US$637.06m
LUCE Luceco
0.9x8.2%US$248.24m
XPP 1.0xIndustry Avg. 1.0xNo. of Companies11PS0612182430+
11 CompaniesEstimated GrowthMarket Cap
Industry Avg.1.0x31.2%
XPP XP Power
 1x93.8%US$371.56m
No more companies

Price-To-Sales vs Industry: XPP is expensive based on its Price-To-Sales Ratio (1x) compared to the European Electrical industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is XPP's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

XPP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1x
Fair PS Ratio0.8x

Price-To-Sales vs Fair Ratio: XPP is expensive based on its Price-To-Sales Ratio (1x) compared to the estimated Fair Price-To-Sales Ratio (0.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst XPP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£12.50
UK£18.82
+50.5%
17.0%UK£23.00UK£13.40n/a6
Dec ’25UK£13.00
UK£18.82
+44.7%
17.0%UK£23.00UK£13.40n/a6
Nov ’25UK£12.46
UK£19.37
+55.4%
20.2%UK£25.30UK£13.40n/a6
Oct ’25UK£13.20
UK£19.37
+46.7%
20.2%UK£25.30UK£13.40n/a6
Sep ’25UK£14.74
UK£19.37
+31.4%
20.2%UK£25.30UK£13.40n/a6
Aug ’25UK£13.24
UK£19.37
+46.3%
20.2%UK£25.30UK£13.40n/a6
Jul ’25UK£14.24
UK£18.83
+32.3%
23.3%UK£25.30UK£13.40n/a6
Jun ’25UK£15.20
UK£17.75
+16.8%
22.6%UK£25.30UK£13.40n/a6
May ’25UK£11.00
UK£15.73
+43.0%
28.6%UK£25.30UK£12.30n/a6
Apr ’25UK£10.90
UK£16.00
+46.8%
28.6%UK£25.30UK£11.30n/a6
Mar ’25UK£10.66
UK£16.25
+52.4%
27.1%UK£25.30UK£11.30n/a6
Feb ’25UK£14.36
UK£17.53
+22.1%
21.1%UK£25.50UK£14.00n/a7
Jan ’25UK£13.56
UK£17.86
+31.7%
24.8%UK£25.50UK£12.50n/a7
Dec ’24UK£12.00
UK£17.86
+48.8%
24.8%UK£25.50UK£12.50UK£13.007
Nov ’24UK£11.42
UK£16.10
+41.0%
22.0%UK£22.10UK£12.00UK£12.467
Oct ’24UK£23.60
UK£25.64
+8.7%
15.8%UK£30.00UK£18.20UK£13.207
Sep ’24UK£21.10
UK£25.64
+21.5%
15.8%UK£30.00UK£18.20UK£14.747
Aug ’24UK£20.10
UK£25.54
+27.1%
15.4%UK£30.00UK£18.20UK£13.247
Jul ’24UK£19.68
UK£25.67
+30.4%
13.7%UK£30.00UK£18.20UK£14.247
Jun ’24UK£21.20
UK£25.67
+21.1%
13.7%UK£30.00UK£18.20UK£15.207
May ’24UK£22.15
UK£25.67
+15.9%
13.7%UK£30.00UK£18.20UK£11.007
Apr ’24UK£20.35
UK£25.67
+26.1%
13.7%UK£30.00UK£18.20UK£10.907
Mar ’24UK£23.45
UK£26.29
+12.1%
14.2%UK£30.00UK£18.20UK£10.667
Feb ’24UK£24.35
UK£26.29
+7.9%
14.2%UK£30.00UK£18.20UK£14.367
Jan ’24UK£20.35
UK£25.44
+25.0%
29.5%UK£40.00UK£18.00UK£13.567
Dec ’23UK£20.80
UK£25.19
+21.1%
30.9%UK£40.00UK£16.20UK£12.007

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 01:09
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

XP Power Limited is covered by 18 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James BaylissBerenberg
Calum BattersbyBerenberg
Richard HickinbothamCantor Fitzgerald Europe