Volex (VLX.L) stock price, revenue, and financials

Volex market cap is £702 m, and annual revenue was $372.1 m in FY 2019

£702 M

VLX.L Mkt cap, 10-Nov-2021

$195.7 M

Volex Revenue H1, 2020
Volex Gross profit (H1, 2020)45.3 M
Volex Gross profit margin (H1, 2020), %23.1%
Volex Net income (H1, 2020)7.8 M
Volex EBIT (H1, 2020)10.4 M
Volex Cash, 29-Sept-201917.9 M
Volex EV694.1 M
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Volex Revenue

Volex revenue was $372.1 m in FY, 2019 which is a 15.4% year over year increase from the previous period.

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Volex Revenue Breakdown

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Volex revenue breakdown by business segment: 46.6% from Cable Assemblies and 53.4% from Power Cords

Volex revenue breakdown by geographic segment: 32.1% from North America, 44.2% from Asia (excl. India), 23.1% from Europe and 0.6% from Other

Volex Income Statement

Annual

USDFY, 2017FY, 2018FY, 2019

Revenue

319.6m322.4m372.1m

Revenue growth, %

(13%)1%15%

Cost of goods sold

277.2m266.5m298.6m

Gross profit

42.3m55.8m73.5m

Gross profit Margin, %

13%17%20%

Operating expense total

49.0m47.1m60.5m

EBIT

(6.6m)8.8m13.0m

EBIT margin, %

(2%)3%3%

Interest expense

1.9m1.6m1.3m

Interest income

19.0k20.0k129.0k

Pre tax profit

(8.5m)7.0m11.6m

Income tax expense

(1.5m)3.1m2.4m

Net Income

(7.0m)3.9m9.2m

EPS

(7.9)4.36.7

Half Year

USDH1, 2018H1, 2019H1, 2020

Revenue

161.4m182.4m195.7m

Cost of goods sold

132.6m150.1m150.4m

Gross profit

28.9m32.3m45.3m

Gross profit Margin, %

18%18%23%

Operating expense total

23.8m26.6m34.9m

EBIT

5.1m5.7m10.4m

EBIT margin, %

3%3%5%

Interest expense

873.0m703.0k776.0k

Interest income

8.0m42.0k93.0k

Pre tax profit

4.2m4.9m9.7m

Income tax expense

674.0k1.5m2.0m

Net Income

3.5m3.3m7.8m

Volex Balance Sheet

Annual

USDFY, 2017FY, 2018FY, 2019

Cash

29.6m24.8m20.9m

Accounts Receivable

53.4m56.2m71.3m

Inventories

36.0m40.7m49.1m

Current Assets

127.6m130.2m151.3m

PP&E

18.1m17.4m20.4m

Goodwill

2.4m2.6m17.5m

Total Assets

152.5m154.8m207.3m

Accounts Payable

51.2m54.2m45.9m

Short-term debt

1.8m320.0k

Current Liabilities

82.6m86.9m83.3m

Long-term debt

18.2m13.0m

Non-Current Liabilities

23.7m19.8m8.3m

Total Debt

18.2m14.9m320.0k

Total Liabilities

106.2m106.7m91.6m

Common Stock

39.8m39.8m58.8m

Additional Paid-in Capital

7.1m7.1m44.5m

Retained Earnings

2.1m7.8m19.2m

Total Equity

46.3m48.1m115.6m

Debt to Equity Ratio

0.4 x0.3 x0 x

Debt to Assets Ratio

0.1 x0.1 x0 x

Financial Leverage

3.3 x3.2 x1.8 x

Half Year

USDH1, 2018H1, 2019H1, 2020

Cash

23.5m24.6m17.9m

Accounts Receivable

60.0m72.1m76.6m

Inventories

41.6m51.5m54.4m

Current Assets

134.1m156.0m157.8m

PP&E

17.7m20.6m22.2m

Goodwill

2.6m7.6m25.8m

Total Assets

158.9m196.9m236.1m

Accounts Payable

55.0m46.4m39.8m

Short-term debt

1.0m9.9m

Current Liabilities

88.9m84.9m95.6m

Long-term debt

16.7m38.0k

Non-Current Liabilities

21.5m5.8m14.6m

Total Debt

17.7m10.0m

Total Liabilities

110.4m90.7m110.2m

Common Stock

39.8m58.1m59.6m

Additional Paid-in Capital

7.1m42.8m46.4m

Retained Earnings

6.5m12.0m28.7m

Total Equity

48.5m106.2m125.9m

Debt to Equity Ratio

0.4 x0.1 x

Debt to Assets Ratio

0.1 x0 x

Financial Leverage

3.3 x1.9 x1.9 x

Volex Cash Flow

Annual

USDFY, 2017FY, 2018FY, 2019

Net Income

(7.0m)3.9m9.2m

Depreciation and Amortization

5.4m3.2m5.8m

Accounts Receivable

2.4m(1.7m)(10.2m)

Inventories

5.4m(4.0m)606.0k

Accounts Payable

3.1m1.5m(15.1m)

Cash From Operating Activities

15.9m4.9m(6.7m)

Purchases of PP&E

(2.5m)(2.4m)(3.3m)

Cash From Investing Activities

(2.3m)(3.2m)(29.0m)

Long-term Borrowings

(9.2m)(7.3m)(12.8m)

Cash From Financing Activities

(9.8m)(7.8m)33.9m

Net Change in Cash

3.8m(6.1m)(1.9m)

Interest Paid

(1.2m)(979.0k)(734.0k)

Income Taxes Paid

(2.1m)(2.5m)(2.5m)

Half Year

USDH1, 2018H1, 2019H1, 2020

Net Income

3.5m3.3m7.8m

Depreciation and Amortization

1.5m1.6m1.8m

Accounts Receivable

(6.1m)(12.9m)4.5m

Inventories

(5.3m)(2.8m)1.2m

Accounts Payable

4.3m(11.5m)(7.0m)

Cash From Operating Activities

(2.1m)(20.1m)13.4m

Purchases of PP&E

(1.1m)(1.3m)(1.9m)

Cash From Investing Activities

(1.3m)(11.7m)(24.0m)

Long-term Borrowings

(3.0m)(12.8m)(8.4m)

Cash From Financing Activities

(3.5m)33.9m(1.9m)

Net Change in Cash

(6.9m)2.0m(12.6m)

Interest Paid

(483.0k)(438.0k)(483.0k)

Income Taxes Paid

(1.2m)(942.0k)(2.3m)

Volex Ratios

USDFY, 2017

EV/EBIT

-3.8 x

EV/CFO

1.6 x

Revenue/Employee

53.2k

Debt/Equity

0.4 x

Debt/Assets

0.1 x

Financial Leverage

3.3 x

P/E Ratio

(0.1)

Volex Operating Metrics

FY, 2016FY, 2017FY, 2018

PVC Cables Sold

144.1 m140.2 m123.8 m

Halogen-free Cables Sold

16.3 m9 m8 m

Duck Heads Sold

18.1 m18.7 m17.7 m

Wiring Harnesses Sold

30.3 m36.5 m44.4 m

Multi Conductor I/O Units Sold

6.2 m4.9 m4.9 m

High Speed Solutions Units Sold

1.1 m1.4 m1.5 m

Internal Assemblies Sold

7.2 m

Manufacturing Facilities

988

Utilization Rate

45%55%57%

Products

6 k

Volex Employee Rating

3.535 votes
Culture & Values
3
Work/Life Balance
3.2
Senior Management
3
Salary & Benefits
3.2
Career Opportunities
3.1
Source