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Solid State Fundamentals

Company Name Solid State Last Updated 18 Feb 2020
Industry Industrials Sector Electrical Components & Equipment
Shares in Issue (m) 8.54 Market Cap (£m) 53.38
PE Ratio 19.97 Div per Share (p) 12.50
Div Yield 2.17 Div Cover 2.31
EPS 31.30 EPS Growth (%) 18.11
PEG 1.10 DPS Growth (%) 4.17
Debt Ratio 20.59 Debt Equity Ratio 0.28
Net Gearing 38.15 Gross Gearing 47.83
Asset Equity Ratio 1.92 Cash Equity Ratio 18.55
Quick Ratio 1.31 Current Ratio 2.05
Price To Book Value 2.68 ROCE 11.21

Solid State Dividends

Type Ex-Date Pay Date Currency Net Dividend Year Total
H1 Dividend 23 Jan 2020 14 Feb 2020 GBX 5.25
H2 Dividend 29 Aug 2019 19 Sep 2019 GBX 8.30 12.50
H1 Dividend 24 Jan 2019 15 Feb 2019 GBX 4.20
H2 Dividend 30 Aug 2018 20 Sep 2018 GBX 8.00 12.00
H1 Dividend 25 Jan 2018 16 Feb 2018 GBX 4.00
H2 Dividend 31 Aug 2017 22 Sep 2017 GBX 8.00 12.00
H1 Dividend 22 Dec 2016 20 Jan 2017 GBX 4.00
H2 Dividend 01 Sep 2016 23 Sep 2016 GBX 8.00 12.00
H1 Dividend 07 Jan 2016 26 Feb 2016 GBX 4.00
H2 Dividend 03 Sep 2015 29 Sep 2015 GBX 8.00 12.00

Solid State Company Financials

Assets (£m) 2019 2018 2017
Tangible Assets 2 2 2
Intangible Assets 9 6 6
Investments 0 0 0
Total Fixed Assets 11 8 9
Stocks 10 7 6
Debtors 13 10 8
Cash & Equivalents 4 1 1
Other Assets 0 0 0
Total Assets 38 26 23
Liabilities (£m) 2019 2018 2017
Creditors within 1 year 13 7 6
Creditors after 1 year 5 0 0
Other Liabilities 0 0 0
Total Liabilities 18 8 7
Net assets 20 18 17
Equity (£m) 2019 2018 2017
Called up share capital 0 0 0
Share Premium 4 4 4
Profit / Loss 3 2 3
Other Equity -0 -0 -0
Preference & Minorities 0 0 0
Total Capital Employed 20 18 17
Ratios 2019 2018 2017
Debt Ratio 20.59 2.32 1.93
Debt-to-Equity 0.28 0.05 0.05
Net Gearing 38.15 28.11 24.35
Gross Gearing 47.83 30.33 28.27
Assets / Equity 1.92 1.44 1.39
Cash / Equity 18.55 3.19 5.46
EPS 31.30 26.50 22.00
Cash Flow (£m) 2019 2018 2017
Cash from operating activities 5 1 9
Cashflow before financing 0 1 5
Increase in Cash 3 -0 4
Income (£m) 2019 2018 2017
Turnover 56 46 40
Cost of sales 40 34 28
Gross Profit 16 13 12
Operating Profit 3 3 3
Pre-Tax profit 3 2 3
Profit / Loss for the year 0 0 0

Solid State Company Background

Sector Electrical Components & Equipment
Activities Solid State plc (formerly Solid State Supplies plc) is a value added electronics group supplying industrial and military markets with ruggedised/durable components, assemblies and manufactured units for use in harsh environments. Operating through two main divisions: Manufacturing (Steatite) and Value Added Distribution (Solid State Supplies & Pacer); the Group specialises in complex engineering challenges often requiring design-in support and component sourcing for computing, power, communications, electronic and optoelectronic products. Headquartered in Redditch, Solid State employs over 200 staff across the UK with a branch office in the USA, serving niche markets in oil & gas production, transportation, medical, construction, security, military and field maintenance.
Latest Interim Date 03 Dec 2019
Latest Fiscal Year End Date 02 Jul 2019

Solid State Directors

Appointed Director Position
26 Jun 1996 Gary Stephen Marsh Chief Executive Officer
01 Apr 2010 John Lawford Macmichael Executive Director
18 Apr 2016 Matthew Thomas Richards Executive Director
20 Feb 2017 Peter Owen James Finance Director
01 Apr 2010 Anthony Brian Frere Non-Executive Chairman
26 Jun 1996 Peter Haining Non-Executive Director
01 Jul 2019 Nigel Foster Rogers Non-Executive Director

Solid State Contact Details

Company Name Solid State
Company Address 2 Ravensbank Business Park, Hedera Road, Redditch, Worcestershire B98 9EY.
Company Telephone +44 (0)1527 830 630
Company Website http://www.solidstateplc.com/

Solid State Advisors

Auditor Name haysmacintyre
Auditor Address Fairfax House, 15 Fulwood Place, London WC1V 6AY.
Auditor Website http://www.haysmacintyre.com/
Auditor Telephone +44 (0) 20 7969 5500
Registrar Name Link Asset Services
Registrar Address The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU.
Registrar Website http://www.linkassetservices.com/
Registrar Telephone 0870 162 3100
Broker Name W H Ireland Limited
Broker Address 24 Martin Lane, London EC4R 0DR.
Broker Website http://www.wh-ireland.co.uk/
Broker Telephone +44 (0)20 7220 1666
Adviser Name W H Ireland Limited
Adviser Address 24 Martin Lane, London EC4R 0DR.
Adviser Website http://www.wh-ireland.co.uk/
Adviser Telephone +44 (0)20 7220 1666
Solicitor Name Shakespeare Putsman LLP
Solicitor Address Somerset House, Temple Street, Birmingham B2 5DJ.
Solicitor Website http://www.sp-legal.co.uk/
Solicitor Telephone +44 (0)121 237 3000
Stockbroker Name n/a
Stockbroker Address n/a
Stockbroker Website n/a
Stockbroker Telephone n/a