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Solid State plc (SOLI.L)

GBp195.00 +0.00 (+0.00%)
GB LSE Technology Hardware, Equipment & Parts
Address 2 Ravensbank Business Park B98 9EY
Redditch, GB
CEO John Lawford Macmichael
IPO 1996-06-26
ISIN GB0008237132

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Description

Solid State plc, founded in 1963 and headquartered in Redditch, UK, operates as a global supplier of specialized electronic equipment and high-value electronic components and materials. Its operations span the United Kingdom, Europe, Asia, and North America. The company is organized into two primary divisions. The Components division provides integrated products and sub-assembly solutions to original equipment manufacturers (OEMs) and contract electronics manufacturers. These offerings are utilized across a wide array of applications, including 5G and the Internet of Things (IoT), embedded processing, control systems, various wireless and wired communication platforms, electromechanical devices, power management, optical emitters, sensors, displays, and LED lighting. Meanwhile, the Systems division specializes in producing industrial computing systems, custom battery packs, and advanced communication technologies, such as specialized antennas, radios, and video transmission products. This division is also responsible for engineering and manufacturing computing systems for image acquisition, processing, and relay. Additionally, Solid State plc distributes opto-electronic components. The company serves a diverse range of sectors, including security and defense, medical, greentech, energy, transport, and industrial clients. The firm was formerly known as Solid State Supplies plc before adopting its current name in May 2006.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
GBp195.00 +0.00 (+0.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
103.5K
Beta
0.86
Float Shares
44.06M
Free Float %
77.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+17.82% +20.59% +20.59% +20.59% +43.86% +28.13% +18.84% -7.66% +14.28% +193.02% +94.98%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
195.00
DCF (Unlevered) 203.81 +4.5%
DCF (Levered) 433.29 +122.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 2 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
5.32
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
3 / 10
No MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Hardware, Equipment & Parts: +10.0%
    +23.3% Q1'26: -8.9% (vs Q1'24)
  • EPS growth Hardware, Equipment & Parts: +20.2%
    +698.9% Q1'26: -94.4% (vs Q1'24)
  • FCF margin FCF growth · Hardware, Equipment & Parts: +27.1%
    +5.0% Q1'26: +7.6% (vs Q1'24)
  • EBIT margin Hardware, Equipment & Parts: +8.7%
    +4.8% Q1'26: +3.5% (vs Q1'24)
  • ROIC Hardware, Equipment & Parts: +5.7%
    +7.2% Q1'26: +8.0% (vs Q1'24)
  • Share dilution Hardware, Equipment & Parts: +0.0%
    0.0% Q1'26: +390.4% (vs Q1'24)
  • Debt / EBITDA Net debt/EBITDA · Hardware, Equipment & Parts: -0.70×
    1.19× Q1'26: 0.68× (vs Q1'24)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.82) × ERP
WACC = 88% × Ke + 12% × Kd (7.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 203.81 Current price: 195.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 1999
actual
Mar 2000
actual
Mar 2012
actual
Mar 2013
actual
Mar 2014
actual
Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
3 Rev. Ana.
1 EPS Ana.
Mar 2027
2 Rev. Ana.
2 EPS Ana.
Mar 2028
2 Rev. Ana.
2 EPS Ana.
Mar 2029
1 Rev. Ana.
1 EPS Ana.
Revenue
6.10M
est: 6.65M (-8.2%)
6.33M
est: 6.39M (-1.1%)
25.87M
est: 25.88M (0.0%)
31.49M
est: 30.45M (+3.4%)
32.09M
est: 30.45M (+5.4%)
36.56M
est: 37.25M (-1.9%)
44.10M
est: 43.99M (+0.2%)
40.02M
est: 39.28M (+1.9%)
46.27M
est: 45.25M (+2.2%)
56.30M
est: 54.90M (+2.5%)
67.42M
est: 68.00M (-0.9%)
66.28M
est: 66.00M (+0.4%)
85.00M
est: 85.00M (0.0%)
126.50M
est: 125.00M (+1.2%)
163.30M
est: 164.30M (-0.6%)
125.06M
est: 124.00M (+0.9%)
151.63M
150.37M – 152.37M
+22.3% YoY
156.83M
155.65M – 157.99M
+3.4% YoY
161.53M
159.00M – 164.00M
+3.0% YoY
172.60M
171.29M – 173.87M
+6.9% YoY
EBITDA
387.0K
est: 596.0K (-35.1%)
508.0K
est: 561.9K (-9.6%)
1.90M
est: 2.27M (-16.6%)
2.12M
est: 2.68M (-20.8%)
2.57M
est: 2.68M (-3.8%)
3.56M
est: 3.11M (+14.3%)
4.94M
est: 3.64M (+35.5%)
3.57M
est: 4.88M (-26.8%)
3.41M
est: 3.50M (-2.5%)
4.35M
est: 4.06M (+7.1%)
6.20M
est: 5.11M (+21.2%)
6.37M
est: 6.21M (+2.6%)
6.55M
est: 6.36M (+2.9%)
13.57M
est: 6.57M (+106.5%)
18.58M
est: 14.73M (+26.1%)
6.76M
est: 10.91M (-38.1%)
13.34M
13.23M – 13.40M
+22.3% YoY
13.80M
13.69M – 13.90M
+3.4% YoY
14.21M
13.99M – 14.43M
+3.0% YoY
15.18M
15.07M – 15.30M
+6.9% YoY
EBIT
325.0K
est: 370.2K (-12.2%)
432.0K
est: 349.1K (+23.8%)
1.67M
est: 1.41M (+18.0%)
1.84M
est: 1.66M (+10.9%)
2.23M
est: 1.66M (+33.9%)
3.06M
est: 2.84M (+7.7%)
2.70M
est: 3.23M (-16.3%)
2.74M
est: 2.65M (+3.3%)
2.51M
est: 3.14M (-19.8%)
2.92M
est: 3.05M (-4.3%)
4.12M
est: 3.61M (+14.1%)
4.29M
est: 4.30M (-0.3%)
3.73M
est: 4.40M (-15.3%)
9.41M
est: 4.55M (+106.9%)
13.68M
est: 9.15M (+49.5%)
1.48M
est: 6.50M (-77.3%)
7.95M
7.88M – 7.99M
+22.3% YoY
8.22M
8.16M – 8.28M
+3.4% YoY
8.47M
8.34M – 8.60M
+3.0% YoY
9.05M
8.98M – 9.11M
+6.9% YoY
Net Income
226.0K
est: 1.63M (-86.1%)
319.0K
est: 2.86M (-88.8%)
1.32M
est: 10.62M (-87.6%)
1.49M
est: 12.31M (-87.9%)
1.88M
est: 12.94M (-85.5%)
2.89M
est: 2.40M (+20.6%)
4.17M
est: 3.05M (+36.8%)
1.85M
est: 4.09M (-54.7%)
2.24M
est: 2.12M (+5.7%)
2.66M
est: 2.72M (-2.4%)
3.41M
est: 3.29M (+3.8%)
3.95M
est: 3.56M (+11.1%)
2.52M
est: 3.64M (-30.8%)
6.69M
est: 6.69M (+0.0%)
8.87M
est: 11.63M (-23.7%)
512.0K
est: 3.33M (-84.6%)
6.28M
5.86M – 6.70M
+88.5% YoY
6.66M
6.60M – 6.73M
+6.1% YoY
7.60M
7.29M – 7.77M
+14.0% YoY
9.19M
9.10M – 9.28M
+21.0% YoY
SGA
est: 1.65M (-100.0%)
est: 1.56M (-100.0%)
3.37M
est: 6.30M (-46.5%)
6.39M
est: 7.42M (-13.8%)
7.13M
est: 7.42M (-3.9%)
8.10M
est: 9.09M (-10.9%)
9.72M
est: 8.54M (+13.9%)
9.29M
est: 8.58M (+8.2%)
10.23M
est: 10.58M (-3.3%)
13.45M
est: 12.24M (+9.9%)
16.68M
est: 16.64M (+0.2%)
15.63M
est: 17.39M (-10.1%)
23.80M
est: 17.81M (+33.6%)
30.27M
est: 18.40M (+64.5%)
29.96M
est: 29.91M (+0.2%)
37.99M
est: 30.58M (+24.3%)
37.39M
37.08M – 37.57M
+22.3% YoY
38.67M
38.38M – 38.96M
+3.4% YoY
39.83M
39.21M – 40.44M
+3.0% YoY
42.56M
42.24M – 42.87M
+6.9% YoY
EPS
0.04
est: 0.03 (+27.3%)
0.05
est: 0.05 (+3.1%)
0.20
est: 0.18 (+8.8%)
0.22
est: 0.21 (+3.2%)
0.25
est: 0.22 (+11.6%)
0.35
est: 0.06 (+455.9%)
0.50
est: 0.07 (+609.6%)
0.22
est: 0.06 (+248.7%)
0.27
est: 0.06 (+342.0%)
0.31
est: 0.07 (+350.8%)
0.40
est: 0.09 (+346.5%)
0.46
est: 0.10 (+350.3%)
0.29
est: 0.14 (+104.5%)
0.65
est: 0.16 (+309.8%)
0.16
est: 0.20 (-20.9%)
0.01
est: 0.06 (-84.5%)
0.10
0.10 – 0.12
+78.2% YoY
0.12
0.11 – 0.12
+12.3% YoY
0.13
0.13 – 0.14
+11.8% YoY
0.16
0.16 – 0.16
+23.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B+ 3/5 5/5 3/5 3/5 2/5 2/5 4/5
2026-05-28 B+ 3/5 5/5 3/5 3/5 2/5 2/5 4/5
2026-05-27 B+ 3/5 5/5 3/5 3/5 2/5 2/5 4/5
2026-05-26 B+ 3/5 5/5 3/5 3/5 2/5 2/5 4/5
2026-05-22 B+ 3/5 5/5 3/5 3/5 2/5 2/5 4/5
2026-05-21 B+ 3/5 5/5 3/5 3/5 2/5 2/5 4/5
2026-05-20 B+ 3/5 5/5 3/5 3/5 2/5 2/5 4/5
2026-05-19 B+ 3/5 5/5 3/5 3/5 2/5 2/5 4/5
2026-05-18 B+ 3/5 5/5 3/5 3/5 2/5 2/5 4/5
2026-05-15 B+ 3/5 5/5 3/5 3/5 2/5 2/5 4/5
2026-05-14 B+ 3/5 5/5 3/5 3/5 2/5 2/5 4/5
2026-05-13 B+ 3/5 5/5 3/5 3/5 2/5 2/5 4/5
2026-05-12 B+ 3/5 5/5 3/5 3/5 2/5 2/5 4/5
2026-05-11 B+ 3/5 5/5 3/5 3/5 2/5 2/5 4/5
2026-05-08 B+ 3/5 5/5 3/5 3/5 2/5 2/5 4/5
2026-05-07 B+ 3/5 5/5 3/5 3/5 2/5 2/5 4/5
2026-05-06 B+ 3/5 5/5 3/5 3/5 2/5 2/5 4/5
2026-05-05 B+ 3/5 5/5 3/5 3/5 2/5 2/5 4/5
2026-05-01 B+ 3/5 5/5 2/5 3/5 2/5 2/5 4/5
2026-04-30 B+ 3/5 5/5 2/5 3/5 2/5 2/5 4/5
2026-04-29 B+ 3/5 5/5 2/5 3/5 2/5 2/5 4/5
2026-04-28 B+ 3/5 5/5 2/5 3/5 2/5 2/5 4/5
2026-04-27 B+ 3/5 5/5 2/5 3/5 2/5 2/5 4/5
2026-04-24 B+ 3/5 5/5 2/5 3/5 2/5 2/5 4/5
2026-04-23 B+ 3/5 5/5 2/5 3/5 2/5 2/5 4/5
2026-04-22 B+ 3/5 5/5 2/5 3/5 2/5 2/5 4/5
2026-04-21 B+ 3/5 5/5 2/5 3/5 2/5 2/5 4/5
2026-04-20 B+ 3/5 5/5 2/5 3/5 2/5 2/5 4/5
2026-04-17 B+ 3/5 5/5 2/5 3/5 2/5 2/5 4/5
2026-04-16 B+ 3/5 5/5 2/5 3/5 2/5 2/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
9.24M
OE per share TTM
0.31
Owner's Yield
7.93%
Maintenance CapEx ratio
43.47%
Maint CapEx / Avg PPE
6.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
18.6K
Shares Outstanding
56.73M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Peter Owen James Chief Financial Officer, Group Finance Director & Executive Director 248.0K male
John Lawford Macmichael Chief Executive Officer & Executive Director 216.0K male
Matthew Thomas Richards Executive Director 210.0K male
Lyn Davidson Group Financial Controller & Company Secretary female
Lyenka Haffner Group HR Director female
Jon Baxter Managing Director of Solsta
Alastair Wallace Managing Director of Steatite Systems male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits