We’ve recently updated our valuation analysis.

Solid State Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

SOLI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.5x
Enterprise Value/EBITDA14.6x
PEG Ratio1.5x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SOLI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average21.4x
KETL Strix Group
10.2x21.6%UK£214.1m
TTG TT Electronics
29.4x27.6%UK£325.6m
ZYT Zytronic
23.3xn/aUK£14.2m
SDI SDI Group
22.6x-1.5%UK£186.0m
SOLI Solid State
36.2x24.9%UK£149.2m

Price-To-Earnings vs Peers: SOLI is expensive based on its Price-To-Earnings Ratio (36.2x) compared to the peer average (21.4x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a9.1%
n/an/an/a

Price-To-Earnings vs Industry: SOLI is expensive based on its Price-To-Earnings Ratio (36.2x) compared to the European Electronic industry average (23.8x)


Price to Earnings Ratio vs Fair Ratio

What is SOLI'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.

SOLI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio36.2x
Fair PE Ratio24.7x

Price-To-Earnings vs Fair Ratio: SOLI is expensive based on its Price-To-Earnings Ratio (36.2x) compared to the estimated Fair Price-To-Earnings Ratio (24.7x).


Share Price vs Fair Value

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

Below Fair Value: SOLI (£13.25) is trading above our estimate of fair value (£12.75)

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


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 SOLI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£13.25
UK£15.43
+16.4%
0.5%UK£15.50UK£15.35n/a2
Jan ’24UK£14.10
UK£15.43
+9.4%
0.5%UK£15.50UK£15.35n/a2
Dec ’23UK£13.05
UK£14.68
+12.5%
4.6%UK£15.35UK£14.00n/a2
Nov ’23UK£11.45
UK£14.68
+28.2%
4.6%UK£15.35UK£14.00n/a2
Oct ’23UK£10.15
UK£14.68
+44.6%
4.6%UK£15.35UK£14.00n/a2
Sep ’23UK£11.10
UK£14.68
+32.2%
4.6%UK£15.35UK£14.00n/a2
Aug ’23UK£11.10
UK£14.68
+32.2%
4.6%UK£15.35UK£14.00n/a2
Jul ’23UK£11.35
UK£14.18
+24.9%
4.8%UK£14.85UK£13.50n/a2
Jun ’23UK£10.80
UK£14.18
+31.3%
4.8%UK£14.85UK£13.50n/a2
May ’23UK£11.20
UK£14.18
+26.6%
4.8%UK£14.85UK£13.50n/a2
Apr ’23UK£11.65
UK£13.50
+15.9%
1.9%UK£13.75UK£13.25n/a2
Mar ’23UK£11.25
UK£13.50
+20.0%
1.9%UK£13.75UK£13.25n/a2
Feb ’23UK£10.95
UK£12.40
+13.2%
1.6%UK£12.60UK£12.20UK£13.252
Jan ’23UK£13.75
UK£12.40
-9.8%
1.6%UK£12.60UK£12.20UK£14.102
Dec ’22UK£11.65
UK£12.40
+6.4%
1.6%UK£12.60UK£12.20UK£13.052
Nov ’22UK£10.85
UK£12.40
+14.3%
1.6%UK£12.60UK£12.20UK£11.452
Oct ’22UK£11.85
UK£11.10
-6.3%
3.2%UK£11.45UK£10.75UK£10.152
Sep ’22UK£10.35
UK£11.10
+7.2%
3.2%UK£11.45UK£10.75UK£11.102
Aug ’22UK£8.94
UK£11.10
+24.2%
3.2%UK£11.45UK£10.75UK£11.102
Jul ’22UK£10.40
UK£10.30
-1.0%
1.0%UK£10.40UK£10.20UK£11.352
Jun ’22UK£9.00
UK£10.30
+14.4%
1.0%UK£10.40UK£10.20UK£10.802
May ’22UK£9.00
UK£10.30
+14.4%
1.0%UK£10.40UK£10.20UK£11.202
Apr ’22UK£8.30
UK£9.38
+13.0%
1.3%UK£9.50UK£9.25UK£11.652
Mar ’22UK£7.80
UK£8.77
+12.4%
1.0%UK£8.85UK£8.68UK£11.252
Feb ’22UK£6.40
UK£7.29
+13.9%
1.2%UK£7.38UK£7.20UK£10.952

Analyst Forecast: Target price is less than 20% higher than the current share price.


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