XP Power Ltd. (DI) (XPP)

Sector:

Electronic and Electrical Equipment

Index:

FTSE Small Cap

 1,128.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 2,440.00
  • 52 Week Low: 776.00
  • Currency: UK Pounds
  • Shares Issued: 23.68m
  • Volume: 22,213
  • Market Cap: £267.13m
  • RiskGrade: 173

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Annualisation Factor 1.0 n/a 1.0 1.0 0.1
Dividend Yield 4.6% 1.8% 1.6% 1.8% 4.0%
           
Continuing Operations          
PE Ratio - Adjusted 12.7 28.4 23.6 21.5 12.0
PE Ratio - Diluted n/a
n/a		 44.8
40.7		 29.3
25.7		 29.5
24.8		 13.6
13.3
PEG - Adjusted n/a n/a 0.6 n/a 0.1
PEG - Diluted n/a
n/a		 n/a
n/a		 0.6
0.6		 n/a
n/a		 0.2
0.1
Return on Capital Employed n/a
n/a		 0.26%
0.28%		 34.25%
38.19%		 25.72%
26.88%		 4.53%
4.61%
Operating Margin (8.30%)
(3.37%)		 12.36%
13.32%		 16.03%
18.17%		 12.01%
13.96%		 20.14%
20.50%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 12.7 2,816.3 23.6 21.5 95.7
PE Ratio - Diluted n/a
n/a		 4,439.8
4,029.4		 29.3
25.7		 29.5
24.8		 108.8
106.3
PEG - Adjusted 0.0 n/a 0.6 0.0 n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 0.6
0.6		 0.1
0.0		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Net Gearing 146.75% 19.07% 13.92% 34.52% 38.12%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Price/Book Value (50.5) 15.6 13.8 15.1 10.1
Price/Tangible Book Value (45.4) 15.9 13.9 15.4 10.4
Price/ Cash Flow (199.6) 27.3 19.9 12.9 15.1
Price/Revenue 1.37 410.30 3.89 2.97 16.53
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) (40.27p) 325.92p 339.96p 205.18p 207.48p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Continuing Operations          
Revenue 290.40 2.43 233.30 199.90 24.37
EBITDA (6.50)
7.80		 0.30
0.32		 37.40
42.40		 24.00
27.90		 6.05
6.13
Depreciation (17.60)
(17.60)		 n/a
n/a		 n/a
n/a		 n/a
n/a		 (1.14)
(1.14)
Net Interest (6.10)
(6.10)		 (0.01)
(0.01)		 (1.70)
(1.70)		 n/a
n/a		 (0.21)
(0.21)
Profit Before Tax (30.20)
(15.90)		 0.29
0.31		 35.70
40.00		 24.00
27.90		 4.70
4.78
           
Revenue per Share 1,480.42p 12.43p 1,207.18p 1,043.65p 127.37p
Pre-Tax Profit per Share (153.96p)
(81.06p)		 1.47p
1.59p		 184.72p
206.97p		 125.30p
145.66p		 24.55p
25.00p
Market Capitalisation £ (Millions) 401.76 981.36 902.46 596.51 405.05
Enterprise Value (EV) £ (Millions) 616.96 1,018.06 930.46 649.51 468.55
EBITDA/EV (1.05%)
1.26%		 0.03%
0.03%		 4.02%
4.56%		 3.70%
4.30%		 1.29%
1.31%
Operating Margin (8.30%)
(3.37%)		 12.36%
13.32%		 16.03%
18.17%		 12.01%
13.96%		 20.14%
20.50%
Capital Employed £ (Millions) 229.20 114.90 109.20 103.80 108.40
Return on Capital Employed n/a
n/a		 0.26%
0.28%		 34.25%
38.19%		 25.72%
26.88%		 4.53%
4.61%
Invested Equity Capital £ (Millions) 150.00 181.10 170.60 143.80 141.60
           
Earnings per Share - Basic (102.00p)
(29.06p)		 115.80p
127.60p		 163.00p
185.24p		 107.00p
127.39p		 157.80p
161.49p
Earnings per Share - Diluted (101.60p)
(28.96p)		 113.80p
125.39p		 160.30p
182.16p		 105.00p
124.99p		 154.90p
158.46p
Earnings per Share - Adjusted 160.60p 179.40p 198.40p 144.10p 176.10p
Earnings per Share Growth - Basic n/a
n/a		 -29%
-31%		 52%
45%		 -32%
-21%		 88%
92%
Earnings per Share Growth - Diluted n/a
n/a		 -29%
-31%		 53%
46%		 -32%
-21%		 86%
91%
Earnings per Share Growth - Adjusted -10% -10% 38% -18% 109%
PE Ratio - Diluted n/a
n/a		 44.8
40.7		 29.3
25.7		 29.5
24.8		 13.6
13.3
PEG - Diluted n/a
n/a		 n/a
n/a		 0.6
0.6		 n/a
n/a		 0.2
0.1
Tax Rate 35.10% 19.01% 11.20% 13.33% 19.15%
Dividend Cover 1.71
(0.31)		 1.91
1.36		 2.68
2.50		 2.62
2.32		 2.07
1.90
Interest Cover (3.95)
(1.61)		 22.85
24.62		 22.00
24.53		 n/a
n/a		 23.12
23.53
           
Continuing & Discontinued Operations          
Earnings per Share - Basic (102.00p)
(29.06p)		 1.17p
1.29p		 163.00p
185.24p		 107.00p
127.39p		 19.71p
20.17p
Earnings per Share - Diluted (101.60p)
(28.96p)		 1.15p
1.27p		 160.30p
182.16p		 105.00p
124.99p		 19.35p
19.79p
Earnings per Share - Adjusted 160.60p 1.81p 198.40p 144.10p 22.00p
Earnings per Share Growth - Basic n/a
n/a		 -99%
-99%		 52%
45%		 443%
532%		 -76%
-76%
Earnings per Share Growth - Diluted n/a
n/a		 -99%
-99%		 53%
46%		 443%
531%		 -77%
-76%
Earnings per Share Growth - Adjusted 8,769% -99% 38% 555% -74%
PE Ratio - Diluted n/a
n/a		 4,439.8
4,029.4		 29.3
25.7		 29.5
24.8		 108.8
106.3
PEG - Diluted n/a
n/a		 n/a
n/a		 0.6
0.6		 0.1
0.0		 n/a
n/a
Dividend Cover 1.71
(0.31)		 0.02
0.01		 2.68
2.50		 2.62
2.32		 0.26
0.24
Return on Equity (ROE) (13.33%)
(3.80%)		 0.13%
0.14%		 18.46%
20.98%		 14.26%
16.97%		 2.66%
2.73%
Operating Cash Flow per Share (10.20p) 186.53p 235.95p 241.20p 139.54p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 61.17p (0.26p) 13.97p 1.04p (2.74p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 94.00p 94.00p 74.00p 55.00p 85.00p
Dividend per Share Growth n/a 27.03% 34.55% (35.29%) 157.58%
Dividend Yield 4.6% 1.8% 1.6% 1.8% 4.0%
Shareholders Funds 138.60 171.50 163.80 138.20 136.40
Net Borrowings £ (Millions) 203.40 32.70 22.80 47.70 52.00
Net Asset Value per Share (inc. Intangibles) (44.86p) 321.31p 336.33p 201.52p 202.26p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Shareholders' Funds inc Intangibles 138.60 171.50 163.80 138.20 136.40
Net Borrowings £ (Millions) 203.40 32.70 22.80 47.70 52.00
Net Gearing 146.75% 19.07% 13.92% 34.52% 38.12%
Cash & Near Cash 22.30 9.00 13.90 11.20 11.50
Cash 16.09% 5.25% 8.49% 8.10% 8.43%
Gross Borrowings 225.70 41.70 36.70 58.90 63.50
Gross Gearing 162.84% 24.31% 22.41% 42.62% 46.55%
Borrowings Under 5 years 225.70 41.70 36.70 58.90 63.50
Under 5 years 162.84% 24.31% 22.41% 42.62% 46.55%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Shareholders' Funds exc Intangibles (8.80) 62.70 65.00 38.60 38.70
Net Borrowings £ (Millions) 203.40 32.70 22.80 47.70 52.00
Net Gearing n/a 52.15% 35.08% 123.58% 134.37%
Cash & Near Cash 22.30 9.00 13.90 11.20 11.50
Cash (253.41%) 14.35% 21.38% 29.02% 29.72%
Gross Borrowings 225.70 41.70 36.70 58.90 63.50
Gross Gearing 2,564.78% 66.51% 56.46% 152.59% 164.08%
Borrowings Under 5 years 225.70 41.70 36.70 58.90 63.50
Under 5 years (2,564.78%) 66.51% 56.46% 152.59% 164.08%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Quick Ratio 1.06 0.97 1.52 1.71 1.81
Current Ratio 2.13 2.48 3.08 3.16 3.92

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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