Volex PLC (GB:VLX)
LSE:VLX
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Volex plc
(LSE:VLX)
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Rating:75Outperform
Price Target:
539.00 p
▲(12.53% Upside)
Action:ReiteratedDate:12/07/25
Volex plc's strong financial performance and positive earnings call sentiment are the primary drivers of its overall score. The company's strategic focus on growth sectors like electric vehicles and data centers, along with stable financials, positions it well for future success. Technical analysis and valuation are neutral, indicating a balanced risk-reward profile.
Positive Factors
Organic Revenue Growth
Sustained 13% organic growth in the first half reflects durable demand and successful program ramps in higher-growth end markets. This expands the revenue base, supports multi-year targets and increases the likelihood that future platform wins will translate into lasting top-line momentum.
Negative Factors
Tariff & Sector Headwinds
Exposure to tariff-driven regulatory shifts creates a persistent risk to volumes and margins in consumer and medical end-markets. Tariff uncertainty can cause order delays, re-shoring costs or price erosion, making revenue and margin recovery in these segments structurally slower and more volatile.
Read all positive and negative factors
Positive Factors
Negative Factors
Organic Revenue Growth
Sustained 13% organic growth in the first half reflects durable demand and successful program ramps in higher-growth end markets. This expands the revenue base, supports multi-year targets and increases the likelihood that future platform wins will translate into lasting top-line momentum.
Read all positive factors
Volex plc (VLX) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£879.72M
Dividend Yield1.11%
Average Volume (3M)449.87K
Price to Earnings (P/E)8.0
Beta (1Y)1.41
Revenue Growth8.20%
EPS Growth25.85%
CountryUK
Employees14,000
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)0.15
Shares Outstanding185,097,530
10 Day Avg. Volume636,800
30 Day Avg. Volume449,866
Financial Highlights & Ratios
PEG Ratio0.51
Price to Book (P/B)1.60
Price to Sales (P/S)0.53
P/FCF Ratio18.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£506.67Price Target Upside5.78% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)0.42
Revenue Forecast (FY)£1.25B
Volex plc Business Overview & Revenue Model
Company Description
Volex plc manufactures and supplies power products and cable assemblies in North America, Europe, and Asia. It provides integrated manufacturing services, such as box builds, wire and cable harnesses, electrical control panels, electromechanical a...
How the Company Makes Money
Volex makes money primarily by manufacturing and selling power and data connectivity products—such as cable assemblies, power cords, plugs and interconnect components—to original equipment manufacturers (OEMs) and other industrial customers. Reven...
Volex plc Earnings Call Summary
Earnings Call Date:Nov 12, 2025
(Q2-2026)
| % Change Since: |
Next Earnings Date:Jun 18, 2026
Earnings Call Sentiment Positive
Volex reported a robust first half with significant revenue growth and strong operating margins. The company saw notable advancements in electric vehicles and data center segments, and strategic expansions in North America. However, challenges were faced in the consumer electricals and medical sectors, primarily due to tariff-related uncertainties. Overall, the positive aspects of the report slightly outweigh the challenges, indicating a stable and growing business environment.Positive Updates
Strong First Half Revenue and Growth
Volex reported first half revenues of $584 million, representing an organic growth of 13% despite challenging macroeconomic conditions.
Negative Updates
Decline in Consumer Electricals Revenue
A 6% organic decline in consumer electricals was reported, attributed to a post-destocking rebound normalization.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong First Half Revenue and Growth
Volex reported first half revenues of $584 million, representing an organic growth of 13% despite challenging macroeconomic conditions.
Read all positive updates
Company Guidance
During the call, Volex plc provided guidance for the first half of the fiscal year 2026, reporting revenues of $584 million with an operating margin of 9.8%. The company achieved strong organic growth of 13%, driven by significant performances in electric vehicles and data centers. The results align with Volex's 5-year plan, aiming for $1.2 billion in revenue by the end of FY '27. Operating profit rose to $57.2 million, with basic earnings per share increasing by 30% to $0.197. Volex maintained a return on capital employed at 20% and improved its covenant net debt ratio to 1.1x. The guidance highlights the company's strategic focus on organic growth, disciplined reinvestment, and consistent margin expansion, positioning Volex for continued success in dynamic market conditions.Volex plc Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.16B | 1.09B | 912.80M | 740.79M | 590.95M | 468.36M |
| Gross Profit | 245.42M | 232.80M | 202.80M | 149.22M | 110.19M | 103.33M |
| EBITDA | 134.24M | 124.40M | 103.70M | 78.61M | 57.69M | 46.17M |
| Net Income | 57.65M | 47.90M | 39.30M | 36.80M | 30.40M | 38.90M |
Balance Sheet | ||||||
| Total Assets | 975.60M | 916.60M | 839.10M | 533.84M | 502.02M | 412.50M |
| Cash, Cash Equivalents and Short-Term Investments | 27.70M | 37.70M | 29.80M | 22.44M | 29.03M | 36.50M |
| Total Debt | 211.80M | 212.50M | 183.80M | 125.88M | 124.08M | 63.80M |
| Total Liabilities | 553.10M | 546.40M | 503.50M | 301.73M | 294.05M | 228.50M |
| Stockholders Equity | 412.70M | 361.00M | 327.20M | 224.73M | 200.59M | 184.00M |
Cash Flow | ||||||
| Free Cash Flow | 51.18M | 31.20M | 46.70M | 38.64M | 3.46M | 32.65M |
| Operating Cash Flow | 87.93M | 77.30M | 78.30M | 57.39M | 17.88M | 40.89M |
| Investing Cash Flow | -49.69M | -55.10M | -167.30M | -30.85M | -66.73M | -52.40M |
| Financing Cash Flow | -29.81M | -15.00M | 95.50M | -32.18M | 38.85M | 15.32M |
Volex plc Technical Analysis
Positive
479.00
Price Trends
459.02
Positive
436.43
Positive
397.45
Positive
Market Momentum
2.35
Negative
59.84
Neutral
73.09
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:VLX, the sentiment is Positive. The current price of 479 is above the 20-day moving average (MA) of 445.97, above the 50-day MA of 459.02, and above the 200-day MA of 397.45, indicating a bullish trend. The MACD of 2.35 indicates Negative momentum. The RSI at 59.84 is Neutral, neither overbought nor oversold. The STOCH value of 73.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:VLX.
Volex plc Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | £282.35M | 9.77 | 20.71% | 3.92% | 18.90% | -20.79% | |
75 Outperform | £879.72M | 7.96 | 15.54% | 1.11% | 8.20% | 25.85% | |
64 Neutral | £285.59M | 8.85 | 13.87% | 2.58% | -0.33% | 4.58% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | £115.77M | 20.67 | -31.80% | ― | -5.73% | ― | |
56 Neutral | £356.31M | -21.41 | -6.50% | ― | -18.43% | 24.86% | |
50 Neutral | £6.87M | -9.55 | -2.20% | ― | -10.88% | -122.05% |
* Industrials Sector Average
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Volex plc Corporate Events
Business Operations and StrategyDelistings and Listing ChangesFinancial Disclosures
Volex lifts FY2026 outlook on AI-driven data centre boom and weighs Main Market move
Positive
Mar 25, 2026
Volex plc expects revenue for the year to 31 March 2026 to reach at least $1.22 billion, with underlying operating margins slightly above its 9–10% target range, driven largely by surging demand for high-speed data transmission products in d...
Other
Volex CEO’s Trust Lifts Stake to Over a Quarter of Share Capital
Positive
Mar 20, 2026
Volex plc disclosed that a trust in which Chief Executive Officer Lord Rothschild is a beneficiary, but over which he has no control, acquired 44,049 Volex ordinary shares on the London Stock Exchange’s AIM market at an average price of 430....
Other
Volex COO John Molloy Increases Stake with Purchase of 31,620 Shares
Positive
Feb 2, 2026
Volex plc has disclosed that its Chief Operating Officer, John Molloy, has purchased 31,620 ordinary shares in the company at a price of 455.13 pence per share on 28 January 2026, increasing his total holding to 2,104,074 shares, or approximately ...
Business Operations and StrategyExecutive/Board Changes
Volex Grants Long-Term Incentive Share Options to Top Executives Ahead of New Five-Year Plan
Positive
Jan 30, 2026
Volex plc has granted nil-cost share options under its Long Term Incentive Plan to chief executive Nat Rothschild, chief operating officer John Molloy and chief financial officer Jon Boaden, alongside a limited group of senior leaders, with an agg...
Business Operations and StrategyFinancial Disclosures
Volex Lifts Full-Year Outlook After Strong Q3 Driven by AI-Led Data Centre Demand
Positive
Jan 21, 2026
Volex plc reported a strong third quarter, with group revenue reaching $902.7 million for the nine months to 31 December 2025, representing 14.8% year-on-year organic constant currency growth. The performance was driven in particular by robust dem...
DividendsRegulatory Filings and Compliance
Volex Discloses Minor Share Increase for Senior Non-Executive Director via Scrip Dividend
Neutral
Jan 12, 2026
Volex plc has disclosed that senior non-executive director Sir Peter Westmacott received 31 ordinary shares in the company via a scrip dividend on 8 January 2026, at a reference price of 399.0 pence per share. Following this routine transaction, h...
Business Operations and StrategyDividendsRegulatory Filings and Compliance
Volex CEO Nathaniel Rothschild Increases Stake to Over 25% via Scrip Dividend
Positive
Jan 8, 2026
Volex plc has disclosed that NR Holdings Ltd received 95,000 ordinary shares via a scrip dividend at a reference price of 399.0 pence per share, resulting in an increased shareholding for Chief Executive Officer Nathaniel (Lord) Rothschild, who is...
DividendsRegulatory Filings and Compliance
Volex Increases Share Capital Through Scrip Dividend Issue
Neutral
Jan 5, 2026
Volex plc has elected to satisfy part of its interim dividend for the six months to 30 September 2025 via a scrip dividend, issuing 144,584 new ordinary shares at a reference price of 399.0 pence each in respect of elections covering 36,062,212 ex...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.