Solid State (LSE: SOLI)

Last close As at 18/05/2024

GBP15.05

20.00 (1.35%)

Market capitalisation

GBP171m

Solid State is a high value-add manufacturer and specialist design-in distributor to the electronics industry. It has expertise in industrial/ruggedised computers, antennas, microwave systems, secure communications systems and battery-power solutions.

Latest Insights

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Industrials | QuickView

Solid State — Anticipating record adjusted PBT in FY24

Industrials | QuickView

Solid State — Returning to trend growth

Industrials | QuickView

Solid State — Strong organic development in H124

Industrials | QuickView

Solid State — Positive trading momentum carried into FY24

Solid State_resized

Sector

Industrials

Key Management

  • Gary Marsh

    CEO

  • Peter James

    CFO

Balance Sheet

Forecast net cash (£m)

0.3

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 11.1 22.4 33.8
Relative 3.0 12.0 23.0
52 week high/low 1510.0p/1025.0p

Financials

Solid State’s trading update affirms the sustained strength in demand throughout H224, resulting in record FY24 revenue and adjusted PBT ahead of prior consensus of £155m and £12.5m, respectively. This is attributable to the earlier-than-expected delivery of a NATO contract. As a result, consensus FY24 revenue and adjusted PBT estimates have been raised by c 6% and c 20%, with respective FY25 estimates declining commensurately.

Research

QuickView

Industrials

Solid State — Positive trading momentum carried into FY24

QuickView

Industrials

Solid State — Expecting record adjusted PBT in FY23

QuickView

TMT

Solid State — Record customer demand

QuickView

Industrials

Solid State — Exceptionally strong start to year

QuickView

Industrials

Solid State — Five-year growth target achieved

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Industrials

Solid State — Step change in Power capabilities

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Industrials

Solid State — Successfully negotiating supply chain issues

Thematics

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