Strix Group Plc

AIM:KETL Stock Report

Market Cap: UK£103.4m

Strix Group Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: KETL (£0.45) is trading below our estimate of fair value (£0.82)

Significantly Below Fair Value: KETL is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As KETL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for KETL. This is calculated by dividing KETL's market cap by their current earnings.
What is KETL's PE Ratio?
PE Ratio14.4x
EarningsUK£7.17m
Market CapUK£103.44m

Price to Earnings Ratio vs Peers

How does KETL's PE Ratio compare to its peers?

The above table shows the PE ratio for KETL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.5x
SOLI Solid State
13.6x-69.2%UK£72.7m
GHH Gooch & Housego
40.3x33.5%UK£132.0m
SPSY Spectra Systems
21.8x2.6%UK£114.8m
SDI SDI Group
18.2x31.4%UK£63.3m
KETL Strix Group
14.4x43.5%UK£103.4m

Price-To-Earnings vs Peers: KETL is good value based on its Price-To-Earnings Ratio (14.4x) compared to the peer average (23.5x).

Price to Earnings Ratio vs Industry

How does KETL's PE Ratio compare vs other companies in the European Electronic Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KETL 14.4xIndustry Avg. 18.6xNo. of Companies13PE01224364860+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KETL is good value based on its Price-To-Earnings Ratio (14.4x) compared to the European Electronic industry average (19x).

Price to Earnings Ratio vs Fair Ratio

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

KETL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.4x
Fair PE Ratio37.3x

Price-To-Earnings vs Fair Ratio: KETL is good value based on its Price-To-Earnings Ratio (14.4x) compared to the estimated Fair Price-To-Earnings Ratio (37.3x).

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 KETL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£0.45
UK£0.87
+94.1%
22.2%UK£1.02UK£0.60n/a3
Dec ’25UK£0.54
UK£0.87
+62.9%
22.2%UK£1.02UK£0.60n/a3
Nov ’25UK£0.62
UK£1.30
+109.7%
11.5%UK£1.45UK£1.15n/a2
Oct ’25UK£0.68
UK£1.20
+77.8%
15.6%UK£1.45UK£1.00n/a3
Sep ’25UK£0.84
UK£1.27
+51.6%
22.5%UK£1.67UK£1.00n/a3
Aug ’25UK£0.83
UK£1.27
+52.7%
22.5%UK£1.67UK£1.00n/a3
Jul ’25UK£0.83
UK£1.27
+53.4%
22.5%UK£1.67UK£1.00n/a3
Jun ’25UK£0.79
UK£1.16
+46.9%
31.1%UK£1.73UK£0.75n/a4
May ’25UK£0.77
UK£1.16
+51.3%
31.1%UK£1.73UK£0.75n/a4
Apr ’25UK£0.69
UK£1.16
+68.7%
31.1%UK£1.73UK£0.75n/a4
Mar ’25UK£0.68
UK£1.12
+65.3%
21.7%UK£1.49UK£0.83n/a4
Feb ’25UK£0.72
UK£1.09
+52.8%
20.3%UK£1.49UK£0.83n/a5
Jan ’25UK£0.75
UK£1.18
+58.2%
26.1%UK£1.67UK£0.83n/a5
Dec ’24UK£0.71
UK£1.18
+65.7%
26.1%UK£1.67UK£0.83UK£0.545
Nov ’24UK£0.60
UK£1.18
+98.0%
26.1%UK£1.67UK£0.83UK£0.625
Oct ’24UK£0.53
UK£1.28
+142.4%
23.4%UK£1.80UK£1.00UK£0.685
Sep ’24UK£0.91
UK£1.40
+53.4%
30.1%UK£2.16UK£1.00UK£0.845
Aug ’24UK£0.98
UK£1.40
+42.8%
30.1%UK£2.16UK£1.00UK£0.835
Jul ’24UK£1.03
UK£1.32
+28.5%
33.6%UK£2.16UK£0.75UK£0.836
Jun ’24UK£1.00
UK£1.32
+32.2%
33.6%UK£2.16UK£0.75UK£0.796
May ’24UK£1.10
UK£1.29
+17.6%
35.2%UK£2.16UK£0.75UK£0.776
Apr ’24UK£1.00
UK£1.29
+29.6%
35.2%UK£2.16UK£0.75UK£0.696
Mar ’24UK£1.01
UK£1.45
+43.7%
44.7%UK£2.45UK£0.75UK£0.687
Feb ’24UK£0.97
UK£1.45
+48.6%
44.7%UK£2.45UK£0.75UK£0.727
Jan ’24UK£0.82
UK£1.66
+102.0%
28.4%UK£2.45UK£1.20UK£0.755
Dec ’23UK£0.80
UK£1.95
+145.5%
31.6%UK£2.55UK£1.20UK£0.715

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 Analysis2024/12/19 07:22
End of Day Share Price 2024/12/19 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

Strix Group Plc is covered by 7 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Lydia KennyBerenberg
James WoodCanaccord Genuity
David O'BrienEquity Development Limited