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Volex Share Price

In September 2021, Volex reported its full-year results for the fiscal year ended March 31, 2021. The company’s revenue increased by 6.6% to $472.5 million, while its underlying operating profit increased by 53.4% to $28.5 million. The company also reported strong cash generation, with a free cash flow of $40.8 million, up from $19.5 million in the prior year.

Volex Share Price

Volex PLC is a publicly traded company on the London Stock Exchange, listed under the ” VLX ” ticker. As of my knowledge cutoff date of September 2021, the company’s market capitalization was around £479 million. As of this post, Volex’s Share Price is at 277.69 GBX.

Volex is a global power cords and cable assembly solutions provider for various industries, including consumer electronics, healthcare, and telecommunications. The company operates manufacturing facilities in China, Mexico, Poland, and the United States, among other locations.

Brief Background of Volex Share Price

Volex PLC is a British company founded in 1892 as a textile machinery manufacturer. Over time, the company shifted its focus to electrical cables and connectors, and in 1965 it went public on the London Stock Exchange.

Today, Volex Share Price is a global power cords and cable assembly solutions provider for various industries, including consumer electronics, healthcare, and telecommunications. The company has manufacturing facilities in China, Mexico, Poland, and the United States, among other locations.

Volex has undergone several significant changes in recent years. In 2016, the company acquired Silcotec Europe Limited, a cable assemblies and connectors manufacturer for the medical, military, and industrial markets. In 2019, Volex acquired the cable assembly business of DEKA, a US-based medical device manufacturer. Additionally, in 2020, Volex divested its Connectors business to Alpha Wire, a subsidiary of Belden Inc.

Throughout its history, Volex has demonstrated a commitment to innovation and sustainability. For example, the company has developed patented technologies for power cords and cable assemblies that improve safety, durability, and efficiency. Volex also strongly focuses on environmental responsibility, with initiatives to reduce waste and carbon emissions throughout its operations.

Advantages of Investing in Volex Share Price

Some potential advantages of investing in Volex Share Price include the following:

  1. Diversified Customer Base: Volex Share Price serves diverse industries, which can help mitigate risks associated with fluctuations in any particular market.
  2. Global Reach: Volex has manufacturing facilities in several countries, which can provide the company access to diverse markets and help mitigate risks associated with any particular region.
  3. Innovation: Volex Share Price has a history of developing innovative solutions for power cords and cable assemblies, which could give the company a competitive advantage.
  4. Focus on Sustainability: Volex has demonstrated a solid commitment to sustainability and environmental responsibility, which could help the company attract customers and investors who prioritize these values.
  5. M & A Activity: Volex has been active in mergers and acquisitions in recent years, which could lead to increased growth and profitability in the future.

However, it’s important to note that investing in any company carries risks, and there is no guarantee that Volex will perform well in the future. Therefore, conducting thorough research and consulting a financial advisor before making investment decisions is always a good idea.

Main Competitors of Volex Share Price

Volex Share Price operates in the cable and cable assembly market, a highly competitive industry. Some of the main competitors of Volex include:

  1. TE Connectivity Ltd.: TE Connectivity is a global technology company that provides connectors, sensors, and cables to various industries, including automotive, industrial, and telecommunications.
  2. Molex LLC: Molex is a leading global provider of electronic solutions, including connectors, cables, and other interconnect products. The company serves various industries, including automotive, consumer electronics, and healthcare.
  3. Amphenol Corporation: Amphenol is a global provider of interconnect solutions for various industries, including aerospace, defense, and telecommunications. The company offers various connectors, cables, and other interconnect products.
  4. Alpha Wire Corporation: Alpha Wire is a leading manufacturer of wire, cable, and tubing products for various industries, including automotive, industrial, and telecommunications. The company offers a range of innovative solutions for cable and wire applications.
  5. Lapp Group: Lapp Group is a global provider of cables, connectors, and other connectivity solutions for various industries, including automotive, industrial, and renewable energy. The company operates in over 50 countries and strongly focuses on innovation and sustainability.

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Conclusion

Volex’s strong performance was driven by growth in its healthcare and data center markets, new business wins and cost-saving initiatives. The company also benefited from its focus on operational efficiency and continued investment in innovation and sustainability.

FAQ

FAQ: Volex Share Price

What is the historic performance of Volex PLC stock?

Over the past five years, Volex's stock price has seen a relatively stable upward trend. In May 2016, the stock was trading at around £0.50 per share on the London Stock Exchange. By September 2021, the stock was trading at around £4.00 per share, representing an increase of approximately 700% over the five years.

It's worth noting that Volex's stock price, like any other stock, is subject to fluctuations in response to various market and company-specific factors. For example, some factors that could impact Volex's stock price include changes in product demand, competition, regulatory changes, and economic conditions in its operating countries.

Does Volex PLC pay dividends to its stockholders?

Yes, Volex PLC pays dividends to its stockholders. In the past few years, Volex has had a consistent track record of paying dividends to its shareholders.

For example, in September 2021, the company announced a final dividend of 4.5 cents per share, bringing the total dividend to 6.5 cents per share, representing an increase of 30% compared to the previous year.

Who are the target investors of Volex PLC?

Volex PLC's target investors can be divided into two main categories: institutional investors and retail investors.

Institutional investors: Volex's target institutional investors include pension funds, insurance companies, investment banks, and other large financial institutions that invest on behalf of their clients. These investors tend to have large amounts of capital and are often focused on generating long-term returns.

Retail investors: Volex's target retail investors include individual investors who buy and sell stocks through online brokerage accounts, traditional brokerage firms, and other investment vehicles. These investors may have smaller amounts of capital and focus more on generating shorter-term returns.

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Simon Williams
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