XP Power (XPP)

Business description

XP Power is a developer and designer of power control solutions with production facilities in China, Vietnam and the US, and design, service and sales teams across Europe, the US and Asia.

Stock data

Market cap.£665.5m
Last close3,460.00p
High / Low (52 weeks)3620.0p / 1700.0p
Stock market listingLN
Forecast net debt (£m)12.6
Forecast gearing ratio (%)11
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual0.730.6103.5
Relative *2.128.984.4

* % Relative to local index

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Company news

CORRECT: XP Power Acquires US-Based Comdel For USD23.0 Million

Mon, 02 Oct 2017 13:18:45 GMT

XP Power surges as revenues rise again in first quarter

Tue, 11 Apr 2017 08:06:29 GMT

Is XP Power Ltd. a buy after reporting an 18% revenue rise?

Fri, 13 Jan 2017 12:00:00 GMT

XP Power Appoints Daisy Group CFO Griggs In Same Role

Fri, 29 Sep 2017 09:11:15 GMT

Director Deals: Tracey set for £16mln windfall as he bids farewell to XP Power

Sat, 10 May 2014 09:00:05 GMT

Investment summary

XPP has acquired Comdel, a US-based RF power supply company, for $23m/£17m. This marks the entry into a new market for XPP and adds c 10% to XPP’s revenues on a pro-forma basis. Following this acquisition, XP Power’s trading update confirmed that strong trading continued into Q3. Q3 revenues were 35% higher than a year ago, with nine-month revenues up 34% y-o-y and 21% in constant currency. We revise up our revenue forecasts to reflect much stronger-than-expected trading in Q3, which results in normalised EPS upgrades of 5.7% in FY17e and 7.1% in FY18e.

Last updated on 02/11/2017

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2015A 109.7 29.7 25.7 104.32 33.2 N/A
2016A 129.8 33.0 28.6 115.33 30.0 N/A
2017E 166.7 41.0 35.5 142.88 24.2 N/A
2018E 179.1 44.7 38.4 147.86 23.4 N/A

Last updated on 31/10/2017

Latest video

Executive Interview – XP Power

Industry outlook

XPP supplies three end-markets: Healthcare, Industrial and Technology, across Europe, North America and Asia. The Industrial segment is relatively fragmented, but the company sees demand across various applications. The Healthcare business continues to gain market share, with corporate approvals from the major suppliers in place. The Technology segment is the most cyclical, with semi fab suppliers showing strong growth.

Last updated on 02/11/2017

Key management

James Peters, Chairman
Duncan Penny, CEO
Jonathan Rhodes , FD
Gavin Griggs, Chief Financial Officer & Executive Director

Company address

401 Commonwealth Drive
Haw Par Technocentre, Lobby B, #02-02
Singapore
149598
Singapore
+65 64116900
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