Solid State Plc (SOLI) - Net Assets
Based on the latest financial reports, Solid State Plc (SOLI) has net assets worth GBX63.31 Million GBX (≈ $7.70K USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX107.21 Million ≈ $13.04K USD) and total liabilities (GBX43.90 Million ≈ $5.34K USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how strategically is Solid State Plc's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX63.31 Million |
| % of Total Assets | 59.05% |
| Annual Growth Rate | 15.17% |
| 5-Year Change | 133.84% |
| 10-Year Change | 280.45% |
| Growth Volatility | 25.98 |
Solid State Plc - Net Assets Trend (1994–2026)
This chart illustrates how Solid State Plc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see SOLI stock market capitalisation.
Annual Net Assets for Solid State Plc (1994–2026)
The table below shows the annual net assets of Solid State Plc from 1994 to 2026. Also explore Solid State Plc (SOLI) net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | GBX63.31 Million ≈ $7.70K |
+2.96% |
| 2025-03-31 | GBX61.50 Million ≈ $7.48K |
-4.83% |
| 2024-03-31 | GBX64.62 Million ≈ $7.86K |
+11.50% |
| 2023-03-31 | GBX57.95 Million ≈ $7.05K |
+114.04% |
| 2022-03-31 | GBX27.08 Million ≈ $3.29K |
+6.17% |
| 2021-03-31 | GBX25.50 Million ≈ $3.10K |
+13.20% |
| 2020-03-31 | GBX22.53 Million ≈ $2.74K |
+13.19% |
| 2019-03-31 | GBX19.90 Million ≈ $2.42K |
+10.45% |
| 2018-03-31 | GBX18.02 Million ≈ $2.19K |
+8.28% |
| 2017-03-31 | GBX16.64 Million ≈ $2.02K |
+5.57% |
| 2016-03-31 | GBX15.76 Million ≈ $1.92K |
+27.23% |
| 2015-03-31 | GBX12.39 Million ≈ $1.51K |
+19.06% |
| 2014-03-31 | GBX10.41 Million ≈ $1.27K |
+65.69% |
| 2013-03-31 | GBX6.28 Million ≈ $764.22 |
+23.01% |
| 2012-03-31 | GBX5.11 Million ≈ $621.25 |
+29.63% |
| 2011-03-31 | GBX3.94 Million ≈ $479.26 |
+23.29% |
| 2010-03-31 | GBX3.19 Million ≈ $388.74 |
+7.76% |
| 2009-03-31 | GBX2.96 Million ≈ $360.75 |
+14.04% |
| 2008-03-31 | GBX2.60 Million ≈ $316.34 |
+7.17% |
| 2007-03-31 | GBX2.43 Million ≈ $295.17 |
+20.16% |
| 2006-03-31 | GBX2.02 Million ≈ $245.65 |
-8.14% |
| 2005-03-31 | GBX2.20 Million ≈ $267.43 |
+5.22% |
| 2004-03-31 | GBX2.09 Million ≈ $254.17 |
+0.48% |
| 2003-03-31 | GBX2.08 Million ≈ $252.95 |
+0.82% |
| 2002-03-31 | GBX2.06 Million ≈ $250.89 |
-17.19% |
| 2001-03-31 | GBX2.49 Million ≈ $302.96 |
+19.60% |
| 2000-03-31 | GBX2.08 Million ≈ $253.32 |
+6.71% |
| 1999-03-31 | GBX1.95 Million ≈ $237.38 |
+5.46% |
| 1998-03-31 | GBX1.85 Million ≈ $225.09 |
+0.87% |
| 1997-03-31 | GBX1.83 Million ≈ $223.14 |
+85.82% |
| 1996-03-31 | GBX987.00K ≈ $120.09 |
+5.79% |
| 1995-03-31 | GBX933.00K ≈ $113.52 |
+35.41% |
| 1994-03-31 | GBX689.00K ≈ $83.83 |
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Equity Component Analysis
This analysis shows how different components contribute to Solid State Plc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 7672.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX35.60 Million | 56.23% |
| Common Stock | GBX2.85 Million | 4.51% |
| Other Comprehensive Income | GBX-2.94 Million | -4.64% |
| Other Components | GBX27.80 Million | 43.91% |
| Total Equity | GBX63.31 Million | 100.00% |
Solid State Plc Competitors by Market Cap
The table below lists competitors of Solid State Plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Antarctica Limited
NSE:ANTGRAPHIC
|
$1.19 Million |
|
Iofina plc
LSE:IOF
|
$1.19 Million |
|
XTL Biopharmaceuticals Ltd
F:H2K2
|
$1.19 Million |
|
KOOL2PLAY S.A. ZY -10
F:8Q8
|
$1.20 Million |
|
Amati AIM VCT plc
LSE:AMAT
|
$1.18 Million |
|
Tombador Iron Ltd
AU:TI1
|
$1.18 Million |
|
QVC Group Inc
NASDAQ:QVCGA
|
$1.18 Million |
|
Identillect Technologies Corp
V:ID
|
$1.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Solid State Plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 61,496,000 to 63,314,000, a change of 1,818,000 (3.0%).
- Net income of 4,088,000 contributed positively to equity growth.
- Dividend payments of 1,470,000 reduced retained earnings.
- Share repurchases of 196,000 reduced equity.
- Other comprehensive income decreased equity by 673,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX4.09 Million | +6.46% |
| Dividends Paid | GBX1.47 Million | -2.32% |
| Share Repurchases | GBX196.00K | -0.31% |
| Other Comprehensive Income | GBX-673.00K | -1.06% |
| Other Changes | GBX69.00K | +0.11% |
| Total Change | GBX- | 2.96% |
Book Value vs Market Value Analysis
This analysis compares Solid State Plc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 155.65x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 7390.18x to 155.65x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-03-31 | GBX0.02 | GBX171.50 | x |
| 1995-03-31 | GBX0.03 | GBX171.50 | x |
| 1996-03-31 | GBX0.03 | GBX171.50 | x |
| 1997-03-31 | GBX0.06 | GBX171.50 | x |
| 1998-03-31 | GBX0.06 | GBX171.50 | x |
| 1999-03-31 | GBX0.06 | GBX171.50 | x |
| 2000-03-31 | GBX0.07 | GBX171.50 | x |
| 2001-03-31 | GBX0.08 | GBX171.50 | x |
| 2002-03-31 | GBX0.07 | GBX171.50 | x |
| 2003-03-31 | GBX0.07 | GBX171.50 | x |
| 2004-03-31 | GBX0.07 | GBX171.50 | x |
| 2005-03-31 | GBX0.07 | GBX171.50 | x |
| 2006-03-31 | GBX0.07 | GBX171.50 | x |
| 2007-03-31 | GBX0.08 | GBX171.50 | x |
| 2008-03-31 | GBX0.08 | GBX171.50 | x |
| 2009-03-31 | GBX0.10 | GBX171.50 | x |
| 2010-03-31 | GBX0.10 | GBX171.50 | x |
| 2011-03-31 | GBX0.12 | GBX171.50 | x |
| 2012-03-31 | GBX0.15 | GBX171.50 | x |
| 2013-03-31 | GBX0.18 | GBX171.50 | x |
| 2014-03-31 | GBX0.28 | GBX171.50 | x |
| 2015-03-31 | GBX0.29 | GBX171.50 | x |
| 2016-03-31 | GBX0.37 | GBX171.50 | x |
| 2017-03-31 | GBX0.39 | GBX171.50 | x |
| 2018-03-31 | GBX0.42 | GBX171.50 | x |
| 2019-03-31 | GBX0.46 | GBX171.50 | x |
| 2020-03-31 | GBX0.52 | GBX171.50 | x |
| 2021-03-31 | GBX0.59 | GBX171.50 | x |
| 2022-03-31 | GBX0.62 | GBX171.50 | x |
| 2023-03-31 | GBX1.09 | GBX171.50 | x |
| 2024-03-31 | GBX1.11 | GBX171.50 | x |
| 2025-03-31 | GBX1.07 | GBX171.50 | x |
| 2026-03-31 | GBX1.10 | GBX171.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Solid State Plc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.46%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.65%
- • Asset Turnover: 1.44x
- • Equity Multiplier: 1.69x
- Recent ROE (6.46%) is below the historical average (15.33%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 17.27% | 4.37% | 1.56x | 2.54x | GBX50.10K |
| 1995 | 39.66% | 11.20% | 1.56x | 2.27x | GBX276.70K |
| 1996 | 31.21% | 7.29% | 1.58x | 2.72x | GBX209.30K |
| 1997 | 13.36% | 4.93% | 1.62x | 1.67x | GBX61.60K |
| 1998 | 4.27% | 1.49% | 1.53x | 1.87x | GBX-106.00K |
| 1999 | 11.58% | 3.70% | 1.94x | 1.61x | GBX30.90K |
| 2000 | 15.32% | 5.04% | 1.82x | 1.67x | GBX110.80K |
| 2001 | 27.67% | 7.52% | 1.87x | 1.96x | GBX440.00K |
| 2002 | 4.07% | 1.40% | 2.02x | 1.43x | GBX-122.20K |
| 2003 | 11.30% | 2.61% | 2.01x | 2.16x | GBX27.10K |
| 2004 | 9.43% | 2.28% | 1.87x | 2.21x | GBX-11.90K |
| 2005 | 10.74% | 2.49% | 2.28x | 1.89x | GBX16.20K |
| 2006 | -2.18% | -0.42% | 2.04x | 2.54x | GBX-245.90K |
| 2007 | 19.00% | 3.73% | 2.17x | 2.35x | GBX218.40K |
| 2008 | 12.81% | 3.11% | 1.71x | 2.41x | GBX73.00K |
| 2009 | 16.39% | 3.88% | 1.98x | 2.13x | GBX189.50K |
| 2010 | 12.71% | 3.01% | 1.92x | 2.20x | GBX86.50K |
| 2011 | 24.57% | 4.57% | 2.11x | 2.55x | GBX574.10K |
| 2012 | 25.79% | 5.09% | 1.95x | 2.60x | GBX806.40K |
| 2013 | 23.68% | 4.72% | 2.15x | 2.33x | GBX858.97K |
| 2014 | 18.03% | 5.85% | 1.48x | 2.09x | GBX835.36K |
| 2015 | 23.34% | 7.91% | 1.60x | 1.84x | GBX1.65 Million |
| 2016 | 26.44% | 9.45% | 1.66x | 1.69x | GBX2.59 Million |
| 2017 | 11.12% | 4.63% | 1.72x | 1.39x | GBX186.80K |
| 2018 | 12.45% | 4.85% | 1.79x | 1.44x | GBX441.00K |
| 2019 | 13.35% | 4.72% | 1.48x | 1.92x | GBX667.70K |
| 2020 | 15.15% | 5.06% | 1.74x | 1.72x | GBX1.16 Million |
| 2021 | 15.50% | 5.96% | 1.23x | 2.12x | GBX1.40 Million |
| 2022 | 9.32% | 2.97% | 1.36x | 2.30x | GBX-184.60K |
| 2023 | 11.56% | 5.29% | 1.11x | 1.97x | GBX902.30K |
| 2024 | 13.73% | 5.43% | 1.44x | 1.76x | GBX2.41 Million |
| 2025 | 0.83% | 0.41% | 1.20x | 1.70x | GBX-5.64 Million |
| 2026 | 6.46% | 2.65% | 1.44x | 1.69x | GBX-2.24 Million |
Industry Comparison
This section compares Solid State Plc's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $72,646,840
- Average return on equity (ROE) among peers: 3.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Solid State Plc (SOLI) | GBX63.31 Million | 17.27% | 0.69x | $1.19 Million |
| CAP-XX Limited (CPX) | $6.53 Million | -85.08% | 1.00x | $111.54K |
| Discoverie Group PLC (DSCV) | $51.90 Million | -12.72% | 1.26x | $9.30 Million |
| Gooch & Housego Plc (GHH) | $54.10 Million | 13.91% | 0.56x | $4.01 Million |
| Strix Group Plc (KETL) | $205.17 Million | 12.74% | 0.77x | $794.61K |
| Light Science Technologies Holdings PLC (LST) | $344.25K | 96.81% | 13.60x | $69.01K |
| Raspberry Pi Holdings PLC (RPI) | $70.52 Million | 15.31% | 0.33x | $12.89 Million |
| TT Electronics Plc (TTG) | $191.10 Million | 12.30% | 0.95x | $3.84 Million |
| Windar Photonics Plc (WPHO) | $1.50 Million | -24.79% | 0.57x | $316.74K |
About Solid State Plc
Solid State plc, together with its subsidiaries, manufactures, distributes and supplies electronic equipment in the United Kingdom, rest of Europe, Asia, North America, and Internationally. The company operates through Components, Power, and Systems divisions. It provides value-added electronic materials and components; battery systems and energy solutions; opto-electronic components; and antenna… Read more