Solid State (LSE: SOLI)

Last close As at 01/11/2024

GBP2.35

5.00 (2.17%)

Market capitalisation

GBP132m

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 — Record FY24; medium-term targets retained

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

Solid State_resized

Sector

Industrials

Equity Analyst

David Larkam

David Larkam

Analyst, 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 (2.1) (17.9) (4.6)
Relative (0.4) (15.0) (14.9)
52 week high/low 306.0p/215.0p

Financials

Solid State is developing from a component manufacturer into a value-added electronics partner offering engineered solutions. Management expects this to drive additional growth and margin expansion, particularly in target markets, such as healthcare and defence, underpinning management’s objective for a c 20% CAGR in shareholder returns to 2030.

Research

Solid State_resized

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Industrials

Solid State — Strong organic development in H124

QuickView

Industrials

Solid State — Positive trading momentum carried into FY24

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Industrials

Solid State — Expecting record adjusted PBT in FY23

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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

Thematics

thematic

Industrials

The art of measurement – Challenges in metrology

thematic

Industrials

Deutsches Eigenkapitalforum (EKF) 2023 industrials

thematic

Industrials

The long and winding road

thematic

Industrials

Quantum computing: A booming industry

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