Volex (VLX)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM 50

296.50p
   
  • Change Today:
      8.00p
  • 52 Week High: 374.00
  • 52 Week Low: 270.00
  • Currency: UK Pounds
  • Shares Issued: 181.65m
  • Volume: 515,373
  • Market Cap: £538.60m
  • RiskGrade: 228
  • Beta: 1.28

Dividend Data

  31-Mar-2402-Apr-2331-Mar-2303-Apr-2204-Apr-21
Interim Dividend1.40p1.30pn/a1.20pn/a
Final Dividend2.80p2.60pn/a2.40pn/a
Total Dividend4.20p3.90pn/a3.60p3.30p
For more dividend details, click here

Fundamentals - based on IFRS

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Income Statement 31-Mar-24 02-Apr-23 31-Mar-23 03-Apr-22 04-Apr-21
Continuing Operations          
Revenue 912.80 722.80 722.80 614.60 443.30
Operating Profit/(Loss) 63.90 53.80 53.80 41.00 30.70
Net Interest (15.50) (9.10) (9.10) (5.20) (2.10)
Profit Before Tax 51.60 45.80 45.80 36.20 29.40
Profit After Tax 40.20 37.40 37.40 30.40 38.90
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 40.20 37.40 37.40 30.40 38.90
Attributable to:          
Equity Holders of Parent Company 39.30 36.80 36.80 30.40 38.90
Minority Interests 0.90 0.60 0.60 n/a n/a
           
Continuing EPS          
Earnings per Share - Basic 21.80¢ 23.20¢ 23.20¢ 19.30¢ 25.50¢
Earnings per Share - Diluted 21.40¢ 22.10¢ 22.10¢ 18.10¢ 23.90¢
Earnings per Share - Adjusted 33.70¢ 30.20¢ 30.20¢ 26.90¢ 32.10¢
Continuing and Discontinued EPS          
Earnings per Share - Basic 21.80¢ 23.20¢ 23.20¢ 19.30¢ 25.50¢
Earnings per Share - Diluted 21.40¢ 22.10¢ 22.10¢ 18.10¢ 23.90¢
Earnings per Share - Adjusted 33.70¢ 30.20¢ 30.20¢ 26.90¢ 32.10¢
           
Dividend per Share 2.80¢ 2.60¢ 2.60¢ 2.40¢ 4.56¢
  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Balance Sheet 31-Mar-24 02-Apr-23 31-Mar-23 03-Apr-22 04-Apr-21
Assets          
Non-Current Assets          
Property, Plant & Equipment 130.20 84.60 84.60 62.80 50.40
Intangible Assets 253.10 124.10 124.10 129.90 107.60
Investment Properties n/a n/a n/a n/a n/a
Investments 8.10 2.60 2.60 1.50 0.90
Other Financial Assets 1.50 0.90 0.90 n/a n/a
Other Non-Current Assets 28.30 26.40 26.40 22.70 26.40
  421.20 238.60 238.60 216.90 185.30
Current Assets          
Inventories 174.30 120.50 120.50 119.30 76.90
Trade & Other Receivables 211.00 151.90 151.90 135.70 110.60
Cash at Bank & in Hand 29.80 22.50 22.50 29.10 36.50
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 2.80 1.70 1.70 2.30 3.20
  417.90 296.60 296.60 286.40 227.20
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 839.10 535.20 535.20 503.30 412.50
           
Liabilities          
Current Liabilities          
Borrowings 24.60 17.40 17.40 9.30 14.20
Other Current Liabilities 256.10 165.30 165.30 160.20 143.40
  280.70 182.70 182.70 169.50 157.60
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 159.20 108.80 108.80 115.10 49.60
Provisions 29.20 7.30 7.30 7.20 8.10
Other Non-Current Liabilities 34.40 3.70 3.70 3.00 13.20
  222.80 119.80 119.80 125.30 70.90
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 503.50 302.50 302.50 294.80 228.50
           
Net Assets 335.60 232.70 232.70 208.50 184.00
           
Capital & Reserves          
Share Capital 69.60 62.70 62.70 62.50 62.00
Share Premium Account 62.00 60.70 60.70 60.90 60.90
Other Reserves (15.70) (13.10) (13.10) (7.50) (4.90)
Retained Earnings 211.30 115.00 115.00 85.20 66.00
Shareholders Funds 327.20 225.30 225.30 201.10 184.00
           
Minority Interests/Other Equity 8.40 7.40 7.40 7.40 n/a
Total Equity 335.60 232.70 232.70 208.50 184.00
Cash Flow 31-Mar-24 02-Apr-23 31-Mar-23 03-Apr-22 04-Apr-21
Net Cash Flow From Operating Activities 78.30 55.70 55.70 18.50 38.70
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 (167.30) (29.80) (29.80) (69.30) (49.60)
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 95.50 (31.40) (31.40) 40.40 14.50
Net Increase/Decrease In Cash 6.50 (5.50) (5.50) (10.40) 3.60
Ratios - based on IFRS 31-Mar-24 02-Apr-23 31-Mar-23 03-Apr-22 04-Apr-21
Continuing Operations          
PE Ratio - Adjusted 10.8 9.0 9.0 12.3 13.5
PEG - Adjusted 0.9 n/a 0.8 n/a 0.2
Earnings per Share Growth - Adjusted 12% n/a 12% -16% 76%
Dividend Cover 12.04 11.62 11.62 11.21 7.04
Revenue per Share 502.50¢ 72,617.78¢ 401.20¢ 338.34¢ 2.46¢
Pre-Tax Profit per Share 28.41¢ 4,601.40¢ 25.42¢ 19.93¢ 0.16¢
Operating Margin 7.00% 7.44% 7.44% 6.67% 6.93%
Return on Capital Employed 22.71% 4,138.48% 22.86% 19.70% 0.21%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 10.8 0.0 8.9 12.3 1,338.8
PEG - Adjusted n/a 0.0 0.7 0.0 n/a
Earnings per Share Growth - Adjusted -99% 18,000% 13% 8,202% -98%
Dividend Cover 12.04 2,119.81 11.71 11.21 0.07
           
Dividend Yield 0.8% 1.0% 1.0% 0.7% 1.1%
Dividend per Share Growth 7.69% n/a 8.33% (47.37%) 24.00%
Operating Cash Flow per Share 43.10¢ 30.66¢ 30.66¢ 10.18¢ 21.30¢
Cash Incr/Decr per Share 3.58¢ (552.57¢) (3.05¢) (5.72¢) 0.020¢
Net Asset Value per Share (exc. Intangibles) 45.42¢ 59.78¢ 59.78¢ 43.27¢ 42.06¢
Net Gearing 47.07% 46.03% 46.03% 47.39% 14.84%

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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