Financials Volex plc

Equities

Market Closed - London S.E. Other stock markets 11:35:28 2024-05-02 am EDT			5-day change	1st Jan Change
325 ^GBX	+4.00%		+0.62%	+1.88%

Apr. 18	Volex rises as revenue and profit set to exceed market expectations	AN
Apr. 18	Volex Flags Consensus-beating Revenue Growth for FY24	MT

Fiscal Period: April	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	170.8	196.5	743.9	545.5	422.3	739.3	-	-
Enterprise Value (EV) ¹	170.8	175.3	771.2	640.8	526	906.3	906.2	882.6
P/E ratio	-	-	19.9 x	19 x	12.1 x	15.6 x	13.5 x	12.2 x
Yield	-	2.83%	0.96%	1.28%	1.86%	1.25%	1.41%	1.58%
Capitalization / Revenue	0.46 x	0.5 x	1.68 x	0.89 x	0.58 x	0.82 x	0.73 x	0.68 x
EV / Revenue	0.46 x	0.45 x	1.74 x	1.04 x	0.73 x	1.01 x	0.89 x	0.81 x
EV / EBITDA	6.73 x	4.6 x	15.2 x	9.69 x	6.45 x	8.54 x	7.22 x	6.57 x
EV / FCF	-	-	24.6 x	156 x	14.1 x	26.3 x	20.2 x	15.5 x
FCF Yield	-	-	4.07%	0.64%	7.11%	3.81%	4.96%	6.44%
Price to Book	-	1.57 x	4.05 x	2.71 x	1.88 x	1.95 x	1.72 x	1.53 x
Nbr of stocks (in thousands)	145,209	148,917	156,095	158,798	158,539	182,050	-	-
Reference price ²	1.176	1.320	4.766	3.435	2.664	4.061	4.061	4.061
Announcement Date	6/13/19	7/3/20	6/29/21	6/23/22	6/22/23	-	-	-

¹USD in Million²USD

Estimates

Fiscal Period: April	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	372.1	391.4	443.3	614.6	722.8	900.6	1,013	1,089
EBITDA ¹	25.39	38.15	50.78	66.1	81.6	106.1	125.5	134.3
EBIT ¹	-	31.63	42.9	56.2	67.3	86.54	101.4	109.5
Operating Margin	-	8.08%	9.68%	9.14%	9.31%	9.61%	10%	10.05%
Earnings before Tax (EBT) ¹	-	-	29.37	36.2	45.8	58.75	74.8	82.2
Net income ¹	-	-	38.89	30.4	36.8	46.45	57	62.1
Net margin	-	-	8.77%	4.95%	5.09%	5.16%	5.62%	5.7%
EPS ²	-	-	0.2390	0.1810	0.2210	0.2606	0.3014	0.3328
Free Cash Flow ¹	-	-	31.39	4.1	37.4	34.5	44.93	56.83
FCF margin	-	-	7.08%	0.67%	5.17%	3.83%	4.43%	5.22%
FCF Conversion (EBITDA)	-	-	61.81%	6.2%	45.83%	32.53%	35.8%	42.33%
FCF Conversion (Net income)	-	-	80.72%	13.49%	101.63%	74.27%	78.83%	91.52%
Dividend per Share ²	-	0.0374	0.0457	0.0441	0.0497	0.0507	0.0572	0.0642
Announcement Date	6/13/19	7/3/20	6/29/21	6/23/22	6/22/23	-	-	-

¹USD in Million²USD

Estimates

Fiscal Period: April	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	27.3	95.3	104	167	167	143
Net Cash position ¹	-	21.2	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	0.5369 x	1.442 x	1.271 x	1.575 x	1.329 x	1.067 x
Free Cash Flow ¹	-	-	31.4	4.1	37.4	34.5	44.9	56.8
ROE (net income / shareholders' equity)	-	-	24.7%	15.8%	17.5%	18.4%	15.6%	15.6%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	-	0.8400	1.180	1.270	1.420	2.080	2.370	2.650
Cash Flow per Share ²	-	-	0.2400	0.1100	0.3300	0.2800	0.4000	0.4700
Capex ¹	-	-	7.31	15	18.3	25.7	29.1	29.8
Capex / Sales	-	-	1.65%	2.44%	2.53%	2.85%	2.87%	2.73%
Announcement Date	6/13/19	7/3/20	6/29/21	6/23/22	6/22/23	-	-	-

¹USD in Million²USD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

4.061 USD

Average target price

5.601 USD

Spread / Average Target

+37.92%