Solid State plc is an electronic components business based in the UK. Solid State shares (SOLI.LSE) are listed on the London Stock Exchange (LSE) and all prices are listed in pence sterling. Its last market close was 635p – a decrease of 1.55% over the previous week. Solid State employs 200 staff and has a trailing 12-month revenue of around £66.9 million.
Since the stock market crash in March caused by coronavirus, Solid State's share price has had significant positive movement.
Its last market close was 635p, which is 5.12% up on its pre-crash value of 602.5p and 176.09% up on the lowest point reached during the March crash when the shares fell as low as 230p.
If you had bought £1,000 worth of Solid State shares at the start of February 2020, those shares would have been worth £489.46 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth £1,071.75.
|Latest market close||635p|
|52-week range||227.3822p - 702.6p|
|50-day moving average||622.6177p|
|200-day moving average||599.0493p|
|Wall St. target price||400p|
|Dividend yield||0.12p (1.77%)|
|Earnings per share (TTM)||38.9p|
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The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
|1 week (2021-01-08)||-8.63%|
|1 month (2020-12-15)||-1.24%|
|3 months (2020-10-15)||1.60%|
|6 months (2020-07-15)||16.09%|
|1 year (2020-01-15)||-1.17%|
|2 years (2019-01-15)||89.33%|
|3 years (2018-01-15)||34.25%|
|5 years (2016-01-15)||13.90%|
Valuing Solid State stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Solid State's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Solid State's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 18x. In other words, Solid State shares trade at around 18x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the FTSE 250 at the end of September 2019 (19.71). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Solid State's EBITDA (earnings before interest, taxes, depreciation and amortisation) is £5 million.
The EBITDA is a measure of a Solid State's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||£66.9 million|
|Operating margin TTM||5.95%|
|Gross profit TTM||£20.6 million|
|Return on assets TTM||6.95%|
|Return on equity TTM||14.83%|
|Market capitalisation||£60.2 million|
TTM: trailing 12 months
Dividend payout ratio: 1953.13% of net profits
Recently Solid State has paid out, on average, around 1953.13% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.77% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Solid State shareholders could enjoy a 1.77% return on their shares, in the form of dividend payments. In Solid State's case, that would currently equate to about 0.12p per share.
Solid State's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
The latest dividend was paid out to all shareholders who bought their shares by 28 January 2021 (the "ex-dividend date").
Over the last 12 months, Solid State's shares have ranged in value from as little as 227.3822p up to 702.6p. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (LSE average) beta is 1, while Solid State's is 1.3912. This would suggest that Solid State's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
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, related electronic and optoelectronic components, modules, and displays for use in the Internet of Things, embedded processing, control, wireless and wired communications, power management, optical emitters and sensors, and LED lighting. The company's manufacturing division is involved in the design, development, and supply of portable power and energy storage solutions; rugged and industrial computers; and advanced communication systems, including video transmission products, wideband antennas, and advanced high bandwidth radios, as well as batteries and mobile power solutions. It serves customers in medical, oil and gas, military and security, aerospace, environmental and oceanographic, original equipment manufacturing, and contract electronics manufacturing. The company was formerly known as Solid State Supplies plc and changed its name to Solid State plc in May 2006. Solid State plc was incorporated in 1963 and is based in Redditch, the United Kingdom.
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