Financials Victorian Plumbing Group plc

Equities

VIC

GB00BNVVHD43

Home Furnishings

Market Closed - London S.E. Other stock markets 16:35:13 02/05/2024 BST			5-day change	1st Jan Change
78.8 ^GBX	+3.14%		+2.34%	-13.88%

02-27	Windward extends LSEG pact; Vinanz eyes DTC trading	AN
02-27	Victorian Plumbing Group plc Approves Final Dividend for the Year Ended 30 September 2023	CI

Valuation

Fiscal Period: September	2021	2022	2023	2024	2025	2026
Capitalization ¹	815.9	118.2	286.2	256	-	-
Enterprise Value (EV) ¹	783.2	72.66	239.8	225.8	212.3	202.6
P/E ratio	55.8 x	-	23.8 x	87.6 x	20.2 x	16.4 x
Yield	-	3.03%	1.59%	1.92%	3.53%	4.72%
Capitalization / Revenue	3.04 x	0.44 x	1 x	0.86 x	0.79 x	0.72 x
EV / Revenue	2.91 x	0.27 x	0.84 x	0.76 x	0.65 x	0.57 x
EV / EBITDA	19.5 x	3.73 x	10.1 x	8.17 x	6.21 x	5.27 x
EV / FCF	36.9 x	5.19 x	18.9 x	-39.5 x	10.8 x	8.8 x
FCF Yield	2.71%	19.3%	5.3%	-2.53%	9.3%	11.4%
Price to Book	26.5 x	2.69 x	5.86 x	5.04 x	3.58 x	-
Nbr of stocks (in thousands)	325,063	325,063	325,228	324,876	-	-
Reference price ²	2.510	0.3635	0.8800	0.7880	0.7880	0.7880
Announcement Date	09/12/21	06/12/22	22/11/23	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September	2021	2022	2023	2024	2025	2026
Net sales ¹	268.8	269.4	285.1	296.8	325.6	357.2
EBITDA ¹	40.1	19.5	23.8	27.65	34.2	38.41
EBIT ¹	37.1	16	20	21.87	26.2	29.77
Operating Margin	13.8%	5.94%	7.02%	7.37%	8.05%	8.34%
Earnings before Tax (EBT) ¹	19.7	11.8	15.6	5.1	17.9	21.7
Net income ¹	14.3	-	11.8	3.1	12.7	15.5
Net margin	5.32%	-	4.14%	1.04%	3.9%	4.34%
EPS ²	0.0450	-	0.0370	0.009000	0.0390	0.0480
Free Cash Flow ¹	21.2	14	12.7	-5.715	19.74	23.03
FCF margin	7.89%	5.2%	4.45%	-1.93%	6.06%	6.45%
FCF Conversion (EBITDA)	52.87%	71.79%	53.36%	-	57.72%	59.96%
FCF Conversion (Net income)	148.25%	-	107.63%	-	155.42%	148.58%
Dividend per Share ²	-	0.0110	0.0140	0.0152	0.0278	0.0372
Announcement Date	09/12/21	06/12/22	22/11/23	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September	2021 S1	2021 S2	2023 S1
Net sales	140.7	-	-
EBITDA ¹	-	20	9.9
EBIT	-	-	-
Operating Margin	-	-	-
Earnings before Tax (EBT)	-	-	-
Net income	11.6	-	-
Net margin	8.24%	-	-
EPS	-	-	-
Dividend per Share ²	-	-	0.004500
Announcement Date	17/06/21	09/12/21	23/05/23

¹GBP in Million²GBP

Estimates

Balance Sheet Analysis

Fiscal Period: September	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-
Net Cash position ¹	32.7	45.5	46.4	30.2	43.7	53.4
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow ¹	21.2	14	12.7	-5.72	19.7	23
ROE (net income / shareholders' equity)	-	-	25.4%	6.1%	21.5%	21.8%
ROA (Net income/ Total Assets)	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-
Book Value Per Share ²	0.0900	0.1400	0.1500	0.1600	0.2200	-
Cash Flow per Share ²	-	-	-	0.0500	0.0700	0.0900
Capex ¹	3.2	2.9	5	25	4.83	4.83
Capex / Sales	1.19%	1.08%	1.75%	8.42%	1.48%	1.35%
Announcement Date	09/12/21	06/12/22	22/11/23	-	-	-

¹GBP in Million²GBP

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Victorian Plumbing Group plc

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.788 GBP

Average target price

1.095 GBP

Spread / Average Target

+38.96%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Home Furnishings

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LOCTEK ERGONOMIC TECHNOLOGY CORP.	-1.51%	762M
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DER FUTURE SCIENCE AND TECHNOLOGY HOLDING GROUP CO., LTD.	-23.08%	428M
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DONGGUAN HUALI INDUSTRIES CO.,LTD	-3.90%	317M

Other Home Furnishings