Solid State plc manufactures and sells electronic equipment in the United Kingdom, rest of Europe, Asia, North America, and internationally. More Details
Flawless balance sheet with solid track record and pays a dividend.
Share Price & News
How has Solid State's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SOLI has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: SOLI matched the UK Electronic industry which returned 18.8% over the past year.
Return vs Market: SOLI exceeded the UK Market which returned -15.4% over the past year.
Price Volatility Vs. Market
How volatile is Solid State's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StHere's Why We Think Solid State (LON:SOLI) Is Well Worth Watching
2 weeks ago | Simply Wall StWhy Solid State plc (LON:SOLI) Is A Top Dividend Stock
1 month ago | Simply Wall StSolid State plc (LON:SOLI) Looks Like A Good Stock, And It's Going Ex-Dividend Soon
Is Solid State undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SOLI (£5.92) is trading below our estimate of fair value (£24.38)
Significantly Below Fair Value: SOLI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SOLI is good value based on its PE Ratio (14.8x) compared to the GB Electronic industry average (23.3x).
PE vs Market: SOLI is good value based on its PE Ratio (14.8x) compared to the UK market (17.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SOLI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SOLI's PB Ratio (2.2x) is in line with the GB Electronic industry average.
How is Solid State forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Tech industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Solid State has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether Solid State is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Solid State competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Tech industry.
How has Solid State performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SOLI has high quality earnings.
Growing Profit Margin: SOLI's current net profit margins (5.1%) are higher than last year (4.7%).
Past Earnings Growth Analysis
Earnings Trend: SOLI's earnings have grown by 2.6% per year over the past 5 years.
Accelerating Growth: SOLI's earnings growth over the past year (28.2%) exceeds its 5-year average (2.6% per year).
Earnings vs Industry: SOLI earnings growth over the past year (28.2%) exceeded the Electronic industry -2.1%.
Return on Equity
High ROE: SOLI's Return on Equity (15.2%) is considered low.
How is Solid State's financial position?
Financial Position Analysis
Short Term Liabilities: SOLI's short term assets (£27.1M) exceed its short term liabilities (£14.7M).
Long Term Liabilities: SOLI's short term assets (£27.1M) exceed its long term liabilities (£1.5M).
Debt to Equity History and Analysis
Debt Level: SOLI's debt to equity ratio (1.5%) is considered satisfactory.
Reducing Debt: SOLI's debt to equity ratio has reduced from 33.9% to 1.5% over the past 5 years.
Debt Coverage: SOLI's debt is well covered by operating cash flow (2299.4%).
Interest Coverage: SOLI's interest payments on its debt are well covered by EBIT (33x coverage).
What is Solid State current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SOLI's dividend (2.11%) is higher than the bottom 25% of dividend payers in the UK market (1.83%).
High Dividend: SOLI's dividend (2.11%) is low compared to the top 25% of dividend payers in the UK market (5.28%).
Stability and Growth of Payments
Stable Dividend: SOLI's dividends per share have been stable in the past 10 years.
Growing Dividend: SOLI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (31.2%), SOLI's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Gary Marsh (54 yo)
Mr. Gary Stephen Marsh has been the Chief Executive Officer of Solid State plc since March 2011 and also serves as its Executive Director. Mr. Marsh served as Managing Director at Solid State plc. Mr. Mars ...
CEO Compensation Analysis
Compensation vs Market: Gary's total compensation ($USD552.18K) is above average for companies of similar size in the UK market ($USD349.26K).
Compensation vs Earnings: Gary's compensation has increased by more than 20% in the past year.
|Interim Non-Executive Chairman & Company Secretary||0.50yr||UK£25.00k||0.64% |
|CEO & Executive Director||9.5yrs||UK£427.00k||3.28% |
|Group Finance Director & Executive Director||3.5yrs||UK£332.00k||0.037% |
|Executive Director||10.42yrs||UK£376.00k||1.43% |
|Executive Director||4.42yrs||UK£367.00k||0.12% |
|Independent Non-Executive Director||1.17yrs||UK£23.00k||0.051% |
Experienced Board: SOLI's board of directors are considered experienced (3.5 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Solid State plc's company bio, employee growth, exchange listings and data sources
- Name: Solid State plc
- Ticker: SOLI
- Exchange: AIM
- Founded: 1963
- Industry: Electronic Components
- Sector: Tech
- Market Cap: UK£50.660m
- Shares outstanding: 8.56m
- Website: https://www.solidstateplc.com
Number of Employees
- Solid State plc
- 2 Ravensbank Business Park
- Hedera Road
- B98 9EY
- United Kingdom
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SOLI||AIM (London Stock Exchange AIM Market)||Yes||Ordinary Shares||GB||GBP||Jun 1996|
Solid State plc manufactures and sells electronic equipment in the United Kingdom, rest of Europe, Asia, North America, and internationally. Its value added distribution division distributes semiconductors ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/30 21:50|
|End of Day Share Price||2020/09/30 00:00|
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.