Volex plc

64K.F · Industrials · Electrical Equipment & Parts · Valued as of 2026-11-05 · Statements 2026-03-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

766.58M USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

861.58M USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

662.29M USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

763.48M USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

1.26B USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.61×

the ratio the screener ranks by

Margin of Safety

-64.5%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: 766.58M USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)797.00M USD
−②Net Debt Today152.45M USD
+③Growth Value122.03M USD
=Value766.58M USD

EPV of the Operations (NOPAT over WACC)

797.00M USD

Net debt today

-152.45M USD

Growth Value

+122.03M USD

Value

766.58M USD

①EPV (Earnings Power Value)

797.00M USD

②Net Debt Today

152.45M USD

③Growth Value

122.03M USD

Market value

Market Cap1.26B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-63.8%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 861.58M USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.
①Present Value of the 15 Years of FCFE582.26M USD
+②Equity at Year 15, Today279.32M USD
=Value861.58M USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth falling to its long-run rate and the ROE on new investment falling to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

582.26M USD

②Equity at Year 15, Today

279.32M USD

Market value

Market Cap1.26B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-45.7%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 662.29M USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).
①Present Value of the 15 Years of FCFF610.63M USD
+②Invested Capital at Year 15, Today204.11M USD
−③Net Debt Today152.45M USD
=Value662.29M USD
FCFF: the NOPAT left for the shareholders and the lenders once the business reinvests what next year's growth needsReinvestment: the part of the year's NOPAT put back into the business to grow the next year; below zero, capital the business releasesPresent value of the FCFFColoured bars show the FCFF, grey bars the reinvestment. With a positive reinvestment the two stacked are the year's NOPAT; with a negative one the grey is below zero, capital the business releases, and the NOPAT is the FCFF plus that negative amount. Shaded, years 6 to 10: the growth falling to its long-run rate and the ROIC on new investment falling to the WACC. Axes linear.

①Present Value of the 15 Years of FCFF

610.63M USD

②Invested Capital at Year 15, Today

204.11M USD

③Net Debt Today

152.45M USD

Market value

Market Cap1.26B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-89.6%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 11.09%
Cost of Equity =Risk-Free Rate 4.50%+Beta 1.21×Market Risk Premium 6.00%= 11.74%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 26.13M USDPretax Income 93.49M USD= 27.94%

The tax the interest saves.

Interest Expense =EBIT 114.01M USD−Pretax Income 93.49M USD= 20.52M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 20.52M USDTotal Debt 206.61M USD×(1 − Tax Rate for WACC 27.94%)= 7.16%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 206.61M USDMarket Cap + Total Debt 1.26B USD + 206.61M USD= 14.13%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 85.87%×Cost of Equity 11.74%+Debt Weight 14.13%×Cost of Debt 7.16%= 11.09%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-03-31.

Total Assets 1.04B USD − Total Liabilities 587.29M USD = Book Value Today 451.75M USD

Total Debt 206.61M USD − Cash and Short-Term Investments 54.15M USD = Net Debt Today 152.45M USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 12.1%at most 5%passes184,272,670 / 180,570,004
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets0.4%at least -10.0%passes(69.87M USD − 65.87M USD) ÷ 1.04B USD
Price to bookMarket Cap ÷ Book Value Today2.78×at most 3×passes1.26B USD ÷ 451.75M USD
Operating marginOperating Income ÷ Revenue9.7%above 10.0%does not pass120.42M USD ÷ 1.24B USD
Revenue growthRevenue ÷ Revenue a Year Before − 114.4%above 10.0%passes1.24B USD / 1.09B USD
Net cash(Cash − Total Debt) ÷ Market Cap-12.1%above -30%passes(54.15M USD − 206.61M USD) ÷ 1.26B USD
Operating efficiencyOperating Income ÷ Gross Profit42.0%above 25.0%passes120.42M USD ÷ 286.59M USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

6.16 EUR

Enterprise value

1.36B EUR

the provider's own figure

EV / EBITDA

9.62×

Price / book

2.88×

the provider's book

Price / earnings

20.50×

Return on equity

16.4%

the provider's figure, not this page's

Profit margin

5.3%

Revenue growth

15.9%

Analyst target, mean

—

Analysts

—

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

Income statement (USD)2023202420252026

Revenue

723.52M913.71M1.09B1.24B

Gross profit

157.16M203.00M233.03M286.59M

Operating income

63.66M83.48M101.30M120.42M

EBITDA

operating income before depreciation and amortisation

77.88M103.00M124.52M160.16M

Pretax income

45.85M51.65M64.36M93.49M

Net income

36.84M39.34M47.95M65.87M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

44.85M54.54M61.91M72.97M

R&D

————
Balance sheet, year end (USD)2023202420252026

Total assets

535.74M839.94M917.52M1.04B

Total liabilities

302.80M504.00M546.95M587.29M

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

225.53M327.53M361.36M441.94M

Total debt

126.33M183.98M212.71M206.61M

Cash and equivalents

22.52M29.83M37.74M54.15M

Net PP&E

fixed assets after depreciation

84.68M130.33M163.86M169.47M

Working capital

current assets less current liabilities

114.01M137.34M156.26M254.45M
Cash flow (USD)2023202420252026

Operating cash flow

55.76M75.68M77.38M69.87M

Capital expenditure

paid out, so below zero

-18.32M-31.63M-46.15M-34.83M

Depreciation and amortisation

23.22M35.34M38.74M46.15M

Free cash flow

operating cash flow plus capital expenditure

37.44M44.04M31.23M35.03M