RE: Custom Power29 May 2026 16:19
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Solid State (AIM:SOLI)
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Solid State plc, with a market cap of £98.71 million, designs, manufactures, distributes, and supplies electronic equipment across the United Kingdom, Europe, Asia, North America, and internationally.
Operations: The company generates revenue through its Systems Division, which accounts for £86.95 million, and its Components Division, contributing £58.45 million.
Market Cap: £98.71M
Solid State plc, with a market cap of £98.71 million, trades at 44.3% below its estimated fair value despite challenges in profitability and earnings growth. The company has a seasoned management team and board, but recent financials were impacted by a significant one-off loss of £2.8 million. While profit margins have declined to 1.6% from 3.9% last year, the company's debt is well covered by operating cash flow, with short-term assets exceeding both short and long-term liabilities significantly. Revenue for the fiscal year ending March 2026 is expected to surpass market expectations at no less than £150 million following recent executive changes including the appointment of John Macmichael as CEO.