# XP Power Limited (XPP.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Industrials / Electrical Equipment. Price 1869p, market value 524 millionp.

## Valuation
- **P/E (trailing): n/a** (negative earnings). XP Power Limited reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 1.1×**. Each dollar of revenue is priced at 1.1×.
- **Price / book: 3.0×**. The shares trade at 3.0× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 16.9×**. Enterprise value is 16.9× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 14.3%** (5-yr avg 0.1%). Free cash flow equals 14.3% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.

## Profitability
- **Gross margin: 40.5%**. XP Power Limited keeps 40.5% of revenue after the direct cost of what it sells.
- **Operating margin: 2.4%**. 2.4% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: -5.0%**. The company reported a net loss over the last twelve months.
- **Return on equity: -6.6%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 4.3%**. Return on all capital, debt included, is 4.3%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -5.0%**. Each dollar of assets produces -5.0% of profit.

## Growth
- **Revenue growth (1 yr): -7.0%** (3-yr -7.5%/yr, 5-yr -0.3%/yr). Revenue fell 7.0% over the last year, against -0.3% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -5.0%**. Earnings per share fell 5.0%, roughly in step with revenue.

## Financial health
- **Debt to equity: 0.75**. Debt is 0.75 times equity, moderate leverage.
- **Net debt / EBITDA: 2.6×**. It would take 2.6 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 0.6×**. Operating profit covers interest only 0.6×: fragile.
- **Current ratio: 1.59** (quick 1.09). Current assets cover the next year's liabilities 1.59 times.
- **Altman Z-score: 2.55**. A Z-score of 2.55 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. XP Power Limited does not currently pay a dividend, but it returned -7.6% of its market value through buybacks over the last year.

## Analyst view
- **Analyst consensus: buy** (7 analysts). 7 analysts cover XP Power Limited; the consensus is buy, with an average price target of 1938p (+4% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 101.5%** (YTD 103.8%, 3-mo 6.3%). The shares are up 101.5% over twelve months including dividends.
- **From 52-week high: -9.3%** (121.7% above the low). Trading 9% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 56**. An RSI of 56 is neutral.
- **Beta (1 yr): 0.32** (volatility 43%). Beta of 0.32 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=XPP.L · Page: https://foliofundamentals.com/stocks/xpp.l

Not investment advice.