Solid State (SOLI)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

117.50p
   
  • Change Today:
    -4.50p
  • 52 Week High: 1,530.00p
  • 52 Week Low: 113.50p
  • Currency: UK Pounds
  • Shares Issued: 57.05m
  • Volume: 150,098
  • Market Cap: £67.03m
  • Beta: 0.43

Dividend Data

  31-Mar-2431-Mar-2331-Mar-2231-Mar-2131-Mar-20
Interim Dividend7.00p6.50p6.25p5.25p5.25p
Final Dividend14.50p13.50p13.25p10.75pn/a
Total Dividend21.50p20.00p19.50p16.00p12.50p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Continuing Operations          
Revenue 163.30 126.50 85.00 66.28 67.42
Operating Profit/(Loss) 13.68 9.41 3.73 4.29 4.12
Net Interest (1.49) (0.97) (0.23) (0.09) (0.12)
Profit Before Tax 12.19 8.44 3.50 4.20 4.00
Profit After Tax 8.91 6.69 2.52 3.95 3.41
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 8.91 6.69 2.52 3.95 3.41
Attributable to:          
Equity Holders of Parent Company 8.87 6.69 2.52 3.95 3.41
Minority Interests 0.03 n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic 78.00p 64.50p 29.50p 46.24p 39.96p
Earnings per Share - Diluted 76.00p 63.10p 28.90p 45.55p 39.37p
Earnings per Share - Adjusted 102.40p 82.50p 72.00p 55.31p 46.84p
Continuing and Discontinued EPS          
Earnings per Share - Basic 78.00p 64.50p 29.50p 46.24p 39.96p
Earnings per Share - Diluted 76.00p 63.10p 28.90p 45.55p 39.37p
Earnings per Share - Adjusted 102.40p 82.50p 72.00p 55.31p 46.84p
           
Dividend per Share 21.50p 20.00p 19.43p 15.95p 12.46p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Assets          
Non-Current Assets          
Property, Plant & Equipment 7.82 6.70 5.40 5.46 3.34
Intangible Assets 40.11 41.56 15.83 16.56 8.21
Investment Properties n/a n/a n/a n/a n/a
Investments n/a n/a n/a n/a n/a
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets 0.61 0.38 0.54 n/a n/a
  48.53 48.64 21.77 22.01 11.55
Current Assets          
Inventories 25.09 33.23 17.60 10.63 9.66
Trade & Other Receivables 31.52 19.70 17.98 14.22 13.86
Cash at Bank & in Hand 8.44 12.22 4.98 6.91 3.52
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets n/a n/a n/a 0.19 0.09
  65.06 65.15 40.56 31.95 27.12
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 113.58 113.79 62.33 53.97 38.68
           
Liabilities          
Current Liabilities          
Borrowings 4.50 2.34 2.82 0.74 0.80
Other Current Liabilities 29.45 36.23 25.10 14.99 13.86
  33.96 38.56 27.92 15.73 14.66
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 12.18 14.37 2.83 5.55 0.68
Provisions 2.82 2.90 2.53 2.23 0.81
Other Non-Current Liabilities n/a n/a 1.98 4.95 n/a
  15.01 17.27 7.33 12.73 1.49
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 48.96 55.83 35.25 28.47 16.15
           
Net Assets 64.62 57.95 27.08 25.50 22.53
           
Capital & Reserves          
Share Capital 0.57 0.57 0.43 0.43 0.43
Share Premium Account 30.58 30.47 3.62 3.62 3.63
Other Reserves (1.62) (0.94) (0.02) (0.06) (0.04)
Retained Earnings 35.09 27.81 23.04 21.51 18.52
Shareholders Funds 64.62 57.91 27.08 25.50 22.53
           
Minority Interests/Other Equity n/a 0.05 n/a n/a n/a
Total Equity 64.62 57.95 27.08 25.50 22.53
Cash Flow 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Net Cash Flow From Operating Activities 10.95 9.05 5.05 6.50 7.66
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 (8.21) (35.48) (4.27) (4.70) (0.76)
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 (6.49) 35.74 (4.78) 1.64 (7.08)
Net Increase/Decrease In Cash (3.75) 9.31 (4.01) 3.44 (0.18)
Ratios - based on IFRS 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Continuing Operations          
PE Ratio - Adjusted 13.1 13.1 16.3 15.0 8.2
PEG - Adjusted 0.5 0.9 0.5 0.8 0.3
Earnings per Share Growth - Adjusted 24% 15% 30% 18% 28%
Dividend Cover 4.76 4.12 3.70 3.47 3.76
Revenue per Share 286.27p 221.76p 149.00p 1.17p 118.19p
Pre-Tax Profit per Share 21.36p 14.79p 6.13p 0.074p 7.01p
Operating Margin 8.38% 7.44% 4.38% 6.47% 6.11%
Return on Capital Employed 31.07% 26.13% 19.19% 0.25% 24.81%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 13.1 13.1 16.3 1,481.6 8.2
PEG - Adjusted 0.5 0.9 0.0 n/a 0.3
Earnings per Share Growth - Adjusted 24% 15% 12,796% -99% 28%
Dividend Cover 4.76 4.12 3.70 0.04 3.76
           
Dividend Yield 1.6% 1.9% 1.7% 1.9% 3.3%
Dividend per Share Growth 7.50% 2.91% 21.87% 28.00% n/a
Operating Cash Flow per Share 19.20p 15.86p 8.84p 11.39p 13.42p
Cash Incr/Decr per Share (6.58p) 16.33p (7.02p) 0.061p (0.32p)
Net Asset Value per Share (exc. Intangibles) 42.97p 28.73p 19.71p 15.68p 25.10p
Net Gearing 12.76% 7.74% 2.44% -2.44% -9.04%

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

Note 3: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 4: Forecast figures based on normalised accounts.

 

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