Solid State (LSE: SOLI)

Last close As at 28/03/2024

GBP13.25

−70.00 (−5.02%)

Market capitalisation

GBP159m

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 — Returning to trend growth

Industrials | QuickView

Solid State — Strong organic development in H124

Industrials | QuickView

Solid State — Positive trading momentum carried into FY24

Industrials | QuickView

Solid State — Expecting record adjusted PBT in FY23

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 12.1 1.8 25.7
Relative 8.6 (0.8) 17.4
52 week high/low 1440.0p/1025.0p

Financials

Solid State has confirmed the strong H124 performance, boosted by a full period contribution from Custom Power combined with the benefit of delivering the NATO contract. Despite the continuing challenges we expect organic growth to resume from the lower trend level of profit excluding the NATO uplift from H224. Following the recent 5% uplift for both revenue and PBT, FY24 guidance and market consensus estimates are unchanged.

Research

QuickView

Industrials

Solid State — Expecting record adjusted PBT in FY23

QuickView

TMT

Solid State — Record customer demand

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Industrials

Solid State — Exceptionally strong start to year

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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

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Industrials

Solid State — Record performance in H122

Thematics

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