Volex (VLX)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM 50

313.00p
   
  • Change Today:
    -0.50p
  • 52 Week High: 335.00
  • 52 Week Low: 249.50
  • Currency: UK Pounds
  • Shares Issued: 181.62m
  • Volume: 457,396
  • Market Cap: £568.46m
  • RiskGrade: 228

Dividend Data

  02-Apr-2303-Apr-2204-Apr-2105-Apr-2031-Mar-19
Interim Dividend1.30p1.20p1.10p1.00pn/a
Final Dividend2.60p2.40p2.20p2.00pn/a
Total Dividend3.90p3.60p3.30p3.00pn/a
For more dividend details, click here

Fundamentals - based on IFRS

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Income Statement 02-Apr-23 03-Apr-22 04-Apr-21 05-Apr-20 31-Mar-19
Continuing Operations          
Revenue 722.80 614.60 443.30 391.35 372.10
Operating Profit/(Loss) 53.80 41.00 30.70 17.08 12.99
Net Interest (9.10) (5.20) (2.10) (1.22) (1.15)
Profit Before Tax 45.80 36.20 29.40 15.86 11.63
Profit After Tax 37.40 30.40 38.90 14.70 9.21
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 37.40 30.40 38.90 14.70 9.21
Attributable to:          
Equity Holders of Parent Company 36.80 30.40 38.90 14.70 9.21
Minority Interests 0.60 n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic 23.20¢ 19.30¢ 25.50¢ 9.90¢ 6.90¢
Earnings per Share - Diluted 22.10¢ 18.10¢ 23.90¢ 9.50¢ 6.70¢
Earnings per Share - Adjusted 30.20¢ 26.90¢ 32.10¢ 18.20¢ 13.10¢
Continuing and Discontinued EPS          
Earnings per Share - Basic 23.20¢ 19.30¢ 25.50¢ 9.90¢ 6.90¢
Earnings per Share - Diluted 22.10¢ 18.10¢ 23.90¢ 9.50¢ 6.70¢
Earnings per Share - Adjusted 30.20¢ 26.90¢ 32.10¢ 18.20¢ 13.10¢
           
Dividend per Share 2.60¢ 2.40¢ 4.56¢ 3.68¢ n/a
  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Balance Sheet 02-Apr-23 03-Apr-22 04-Apr-21 05-Apr-20 31-Mar-19
Assets          
Non-Current Assets          
Property, Plant & Equipment 84.60 62.80 50.40 29.91 20.42
Intangible Assets 124.10 129.90 107.60 41.30 28.65
Investment Properties n/a n/a n/a n/a n/a
Investments 2.60 1.50 0.90 n/a n/a
Other Financial Assets 0.90 n/a n/a n/a n/a
Other Non-Current Assets 26.40 22.70 26.40 13.44 6.97
  238.60 216.90 185.30 84.65 56.04
Current Assets          
Inventories 120.50 119.30 76.90 57.99 49.12
Trade & Other Receivables 151.90 135.70 110.60 64.37 79.75
Cash at Bank & in Hand 22.50 29.10 36.50 32.31 20.91
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 1.70 2.30 3.20 2.15 1.47
  296.60 286.40 227.20 156.82 151.25
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 535.20 503.30 412.50 241.47 207.30
           
Liabilities          
Current Liabilities          
Borrowings 17.40 9.30 14.20 3.72 0.32
Other Current Liabilities 165.30 160.20 143.40 90.12 82.98
  182.70 169.50 157.60 93.85 83.30
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 108.80 115.10 49.60 7.39 n/a
Provisions 7.30 7.20 8.10 6.65 4.76
Other Non-Current Liabilities 3.70 3.00 13.20 3.06 3.58
  119.80 125.30 70.90 17.09 8.35
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 302.50 294.80 228.50 110.94 92.00
           
Net Assets 232.70 208.50 184.00 130.53 116.00
           
Capital & Reserves          
Share Capital 62.70 62.50 62.00 60.19 58.79
Share Premium Account 60.70 60.90 60.90 46.41 44.53
Other Reserves (13.10) (7.50) (4.90) (8.07) (6.83)
Retained Earnings 115.00 85.20 66.00 32.00 19.15
Shareholders Funds 225.30 201.10 184.00 130.53 115.65
           
Minority Interests/Other Equity 7.40 7.40 n/a n/a n/a
Total Equity 232.70 208.50 184.00 130.53 116.00
Cash Flow 02-Apr-23 03-Apr-22 04-Apr-21 05-Apr-20 31-Mar-19
Net Cash Flow From Operating Activities 55.70 18.50 38.70 51.74 (6.74)
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (29.80) (69.30) (49.60) (29.89) (27.96)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (31.40) 40.40 14.50 (10.51) 32.84
Net Increase/Decrease In Cash (5.50) (10.40) 3.60 11.34 (1.87)
Ratios - based on IFRS 02-Apr-23 03-Apr-22 04-Apr-21 05-Apr-20 31-Mar-19
Continuing Operations          
PE Ratio - Adjusted 9.0 12.2 13.5 7.3 8.8
PEG - Adjusted 0.7 n/a 0.2 0.2 0.2
Earnings per Share Growth - Adjusted 12% -16% 76% 39% 42%
Dividend Cover 11.62 11.21 7.04 4.95 n/a
Revenue per Share 397.98p 338.40p 2.46p 215.48p 204.88p
Pre-Tax Profit per Share 25.22p 19.93p 0.16p 8.73p 6.40p
Operating Margin 7.44% 6.67% 6.93% 4.37% 3.49%
Return on Capital Employed 22.68% 19.70% 0.21% 15.97% 13.83%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 9.0 12.2 1,333.3 7.3 8.8
PEG - Adjusted 0.7 0.0 n/a 0.2 n/a
Earnings per Share Growth - Adjusted 12% 8,202% -98% 39% -100%
Dividend Cover 11.62 11.21 0.07 4.95 n/a
           
Dividend Yield 1.0% 0.7% 1.1% 2.8% 0.0%
Dividend per Share Growth 8.33% (47.37%) 24.00% n/a n/a
Operating Cash Flow per Share 30.67p 10.19p 21.31p 28.49p (3.71p)
Cash Incr/Decr per Share (3.03p) (5.73p) 0.020p 6.24p (1.03p)
Net Asset Value per Share (exc. Intangibles) 59.80p 43.28p 42.07p 49.13p 48.10p
Net Gearing 46.03% 47.39% 14.84% -16.24% -17.80%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

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: Forecast figures based on normalised accounts.

 

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