Company Valuation: Solid State plc

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 100.4 122.3 152.6 94.91 80.84 94.74 - -
Change - 21.79% 24.74% -37.79% -14.82% 17.19% - -
Enterprise Value (EV) 1 105.6 130.4 157.3 102.3 85.04 102.7 100.4 94.74
Change - 23.46% 20.59% -34.94% -16.88% 20.81% -2.24% -5.67%
P/E 39.8x 16.7x 17.2x 186x 20.1x 17.4x 15x 10.4x
PBR 3.71x 2.11x 2.36x 0.3x - 2.01x 1.94x 3.41x
PEG - 0x 0.8x -2x 0x 0.5x 0.9x 0.2x
Capitalization / Revenue 1.18x 0.97x 0.93x 0.76x 0.52x 0.6x 0.59x 0.55x
EV / Revenue 1.24x 1.03x 0.96x 0.82x 0.55x 0.66x 0.62x 0.55x
EV / EBITDA 11.5x 9.19x 7.63x 10.9x 6.11x 7.2x 6.54x 5.21x
EV / EBIT 14.3x 11.2x 9.23x 17x 8.85x 10.5x 9.39x 7.29x
EV / FCF 32.3x - 16.7x 18.4x 10x 13.8x 13.2x 9.77x
FCF Yield 3.09% - 5.99% 5.43% 9.98% 7.24% 7.6% 10.2%
Dividend per Share 2 0.039 0.04 0.043 0.025 0.0275 0.0295 0.0326 0.0401
Rate of return 1.66% 1.85% 1.6% 1.49% 1.93% 1.77% 1.95% 2.4%
EPS 2 0.059 0.129 0.156 0.009 0.071 0.0958 0.1111 0.1603
Distribution rate 66.1% 31% 27.6% 278% 38.7% 30.8% 29.3% 25%
Net sales 1 85 126.5 163.3 125.1 154.1 156.8 161.5 172.6
EBITDA 1 9.191 14.18 20.61 9.404 13.93 14.27 15.37 18.2
EBIT 1 7.4 11.63 17.04 6.034 9.61 9.8 10.7 13
Net income 1 2.523 6.69 8.872 0.512 4.088 5.45 6.3 9.1
Net Debt 1 5.2 8.1 4.7 7.4 4.2 8 5.7 -
Reference price 2 2.350 2.160 2.690 1.675 1.425 1.670 1.670 1.670
Nbr of stocks (in thousands) 42,733 56,622 56,713 56,663 56,731 56,731 - -
Announcement Date 27/7/22 4/7/23 8/7/24 8/7/25 29/6/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.43x0.66x7.2x1.77% 126M
32.25x6.02x18.35x0.7% 203B
13.74x0.31x6.93x3.66% 113B
29.38x10.58x21.49x0.43% 93.74B
38.69x6.28x20.51x0.9% 89.24B
72.32x7.72x35.86x0.19% 81.29B
19.4x1.15x12.89x0.66% 65.53B
19.72x3.32x12.71x1.36% 62.07B
40.6x5.7x21.47x0.01% 58.87B
65.56x30.07x68.2x0.39% 44.76B
Average 34.91x 7.18x 22.56x 1.01% 81.13B
Weighted average by Cap. 34.51x 6.65x 21.22x 1.03%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  4. Valuation Solid State plc