AIM:KETL

Stock Analysis Report

Executive Summary

Strix Group Plc designs, manufactures, and supplies kettle safety controls and other components worldwide.

Snowflake

Fundamentals

Average dividend payer and fair value.

Share Price & News

How has Strix Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.4%

KETL

-2.4%

GB Electronic

-0.4%

GB Market


1 Year Return

12.0%

KETL

8.4%

GB Electronic

2.9%

GB Market

Return vs Industry: KETL exceeded the UK Electronic industry which returned 8.4% over the past year.

Return vs Market: KETL exceeded the UK Market which returned 2.9% over the past year.


Shareholder returns

KETLIndustryMarket
7 Day-0.4%-2.4%-0.4%
30 Day-3.6%-5.9%-1.4%
90 Day4.4%-5.9%-2.1%
1 Year17.2%12.0%10.2%8.4%7.9%2.9%
3 Yearn/a47.4%40.7%18.0%3.6%
5 Yearn/a122.7%103.4%35.8%6.4%

Price Volatility Vs. Market

How volatile is Strix Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Strix Group undervalued compared to its fair value and its price relative to the market?

37.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: KETL (£1.7) is trading below our estimate of fair value (£2.71)

Significantly Undervalued: KETL is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: KETL is good value based on its PE Ratio (14.8x) compared to the Electronic industry average (19.6x).

PE vs Market: KETL is good value based on its PE Ratio (14.8x) compared to the UK market (16.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: KETL is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: KETL has negative assets, so we can't compare its PB Ratio to the GB Electronic industry average.


Next Steps

Future Growth

How is Strix Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

13.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KETL's forecast earnings growth (13.7% per year) is above the savings rate (1.2%).

Earnings vs Market: KETL's earnings (13.7% per year) are forecast to grow faster than the UK market (12.6% per year).

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

Revenue vs Market: KETL's revenue (5.9% per year) is forecast to grow faster than the UK market (3.9% per year).

High Growth Revenue: KETL's revenue (5.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if KETL's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Strix Group performed over the past 5 years?

-1.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: KETL's earnings have declined by -1.7% per year over the past 5 years.

Accelerating Growth: KETL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: KETL had negative earnings growth (-4.4%) over the past year, making it difficult to compare to the Electronic industry average (-7.7%).


Return on Equity

High ROE: KETL's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets

ROA vs Industry: KETL has a higher Return on Assets than the Electronic industry average last year.


Return on Capital Employed

ROCE Improving: KETL has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Strix Group's financial position?


Financial Position Analysis

Short Term Liabilities: KETL has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: KETL has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: KETL has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: KETL's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: KETL's debt is well covered by operating cash flow (72.9%).

Interest Coverage: KETL's interest payments on its debt are well covered by EBIT (23.3x coverage).


Balance Sheet

Inventory Level: KETL has a high level of physical assets or inventory.

Debt Coverage by Assets: KETL has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Next Steps

Dividend

What is Strix Group's current dividend yield, its reliability and sustainability?

5.52%

Current Dividend Yield


Dividend Yield vs Market

company5.5%marketbottom25%2.0%markettop25%5.4%industryaverage1.7%forecastin3Years4.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: KETL's dividend (5.52%) is higher than the bottom 25% of dividend payers in the UK market (2.01%).

High Dividend: KETL's dividend (5.52%) is in the top 25% of dividend payers in the UK market (5.36%)

Stable Dividend: Whilst dividend payments have been stable, KETL has been paying a dividend for less than 10 years.

Growing Dividend: KETL's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (63.6%), KETL's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: KETL's dividends in 3 years are forecast to be covered by earnings (52% payout ratio).


Next Steps

Management

What is the CEO of Strix Group's salary, the management and board of directors tenure and is there insider trading?

2.3yrs

Average board tenure


CEO

Mark Victor Bartlett (54yo)

0yrs

Tenure

UK£427,000

Compensation

Mr. Mark Victor Edward Bartlett serves as Chief Executive Officer of Strix Group Plc. Mr. Bartlett joined Strix in 2006. He leads the organisation, setting the strategic direction and policy and works clos ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Mark Victor's total compensation is reasonable compared to companies of similar size in the UK market.

Compensation vs Earnings: Mark Victor's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Board Age and Tenure

2.3yrs

Average Tenure

53yo

Average Age

Experienced Board: KETL's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Raudres Wong (56yo)

    CFO & Director

    • Tenure: 2.3yrs
    • Compensation: UK£334.00k
  • Mark Victor Bartlett (54yo)

    CEO & Director

    • Tenure: 0yrs
    • Compensation: UK£427.00k
  • Frank Gao

    Chief Operating Officer

    • Tenure: 0yrs
  • Simon Charlesworth

    Sales Director

    • Tenure: 0yrs
  • Pauline McGee

    Director of Group HR

    • Tenure: 2.2yrs
  • Harry Kyriacou

    Chief Commercial Officer

    • Tenure: 0.5yrs

Board Members

  • Mark Kirkland (51yo)

    Non-Executive Director

    • Tenure: 2.3yrs
    • Compensation: UK£45.00k
  • Raudres Wong (56yo)

    CFO & Director

    • Tenure: 2.3yrs
    • Compensation: UK£334.00k
  • Gary Lamb (52yo)

    Non-Executive Chairman

    • Tenure: 1.6yrs
    • Compensation: UK£70.00k
  • Mark Victor Bartlett (54yo)

    CEO & Director

    • Tenure: 0yrs
    • Compensation: UK£427.00k

Company Information

Strix Group Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Strix Group Plc
  • Ticker: KETL
  • Exchange: AIM
  • Founded: 2017
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: UK£323.380m
  • Shares outstanding: 190.00m
  • Website: https://www.strixplc.com

Number of Employees


Location

  • Strix Group Plc
  • Forrest House
  • Ronaldsway
  • Ballasalla
  • IM9 2RG
  • Isle of Man

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KETLAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPAug 2017
SG9DB (Deutsche Boerse AG)YesOrdinary SharesDEEURAug 2017
STXX.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDAug 2017

Biography

Strix Group Plc designs, manufactures, and supplies kettle safety controls and other components worldwide. The company offers thermostatic controls, cordless interfaces, water jugs, and filters. It also pr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 22:01
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.