AIM:KETL

Stock Analysis Report

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Executive Summary

Strix Group Plc designs, manufactures, and supplies kettle safety controls and other complementary water products for use in temperature control, steam management, and water filtration applications worldwide. More Details


Snowflake Analysis

Acceptable track record second-rate dividend payer.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: KETL has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.8%

KETL

-1.2%

GB Electronic

-0.7%

GB Market


1 Year Return

20.0%

KETL

24.1%

GB Electronic

-16.4%

GB Market

Return vs Industry: KETL underperformed the UK Electronic industry which returned 27.6% over the past year.

Return vs Market: KETL exceeded the UK Market which returned -15.4% over the past year.


Shareholder returns

KETLIndustryMarket
7 Day-3.8%-1.2%-0.7%
30 Day-8.9%6.4%0.7%
90 Day12.3%9.9%-3.2%
1 Year24.8%20.0%25.1%24.1%-13.2%-16.4%
3 Year75.2%55.4%43.9%38.3%-9.3%-20.5%
5 Yearn/a153.4%135.6%15.2%-10.7%

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?

13.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: KETL (£2.16) is trading below our estimate of fair value (£2.49)

Significantly Below Fair Value: 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 (19.1x) compared to the GB Electronic industry average (29.7x).

PE vs Market: KETL is poor value based on its PE Ratio (19.1x) compared to the UK market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: KETL is poor value based on its PEG Ratio (1.3x)


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 6 analysts?

14.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KETL's forecast earnings growth (14.5% per year) is above the savings rate (1.2%).

Earnings vs Market: KETL's earnings (14.5% per year) are forecast to grow slower than the UK market (24.1% per year).

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

Revenue vs Market: KETL's revenue (15.3% per year) is forecast to grow faster than the UK market (6% per year).

High Growth Revenue: KETL's revenue (15.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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?

-1.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KETL has a high level of non-cash earnings.

Growing Profit Margin: KETL's current net profit margins (25.1%) are higher than last year (23%).


Past Earnings Growth Analysis

Earnings Trend: KETL's earnings have declined by 1.1% per year over the past 5 years.

Accelerating Growth: KETL's earnings growth over the past year (0.9%) exceeds its 5-year average (-1.1% per year).

Earnings vs Industry: KETL earnings growth over the past year (0.9%) exceeded the Electronic industry -2.1%.


Return on Equity

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


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 (64.8%).

Interest Coverage: KETL's interest payments on its debt are well covered by EBIT (26x coverage).


Balance Sheet


Next Steps

Dividend

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

2.41%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: KETL's dividend (2.41%) is higher than the bottom 25% of dividend payers in the UK market (1.81%).

High Dividend: KETL's dividend (2.41%) is low compared to the top 25% of dividend payers in the UK market (5.24%).


Stability and Growth of Payments

Stable Dividend: KETL has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: KETL has only been paying a dividend for 3 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (68.1%), 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 (53.4% payout ratio).


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Mark Victor Bartlett (55 yo)

no data

Tenure

UK£7,376,000

Compensation

Mr. Mark Victor Edward Bartlett serves as Chief Executive Officer of Strix Group Plc. and has been its Executive Director since July 14, 2017. Mr. Bartlett joined Strix in 2006. He leads the organisation, ...


CEO Compensation Analysis

Compensation vs Market: Mark Victor's total compensation ($USD9.60M) is above average for companies of similar size in the UK market ($USD891.10K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Mark Victor Bartlett
CEO & Executive Directorno dataUK£7.38m0.15%
£ 648.0k
Raudres Wong
CFO & Executive Director3.25yrsUK£3.81m0.15%
£ 648.0k
Frank Gao
Chief Operating Officerno datano datano data
Neil Austin
Water Category & Global Marketing Director0.75yrno datano data
Emma Cox
Group HR Director0.75yrno datano data
Harry Kyriacou
Chief Commercial Officer1.5yrsno datano data

0.8yrs

Average Tenure

Experienced Management: KETL's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Mark Victor Bartlett
CEO & Executive Directorno dataUK£7.38m0.15%
£ 648.0k
Raudres Wong
CFO & Executive Director3.25yrsUK£3.81m0.15%
£ 648.0k
Mark Kirkland
Independent Non-Executive Director3.25yrsUK£45.00kno data
Gary Lamb
Independent Non-Executive Chairman2.58yrsUK£70.00k0.25%
£ 1.1m
Richard Sells
Non-Executive Director0.58yrno datano data

3.3yrs

Average Tenure

55yo

Average Age

Experienced Board: KETL's board of directors are considered experienced (3.3 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.7%.


Top Shareholders

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£429.578m
  • Shares outstanding: 198.88m
  • Website: https://www.strixplc.com

Number of Employees


Location

  • Strix Group Plc
  • Forrest House
  • Ronaldsway
  • Isle Of Man
  • 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

Biography

Strix Group Plc designs, manufactures, and supplies kettle safety controls and other complementary water products for use in temperature control, steam management, and water filtration applications worldwi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/26 22:09
End of Day Share Price2020/10/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.