Virgin Money UK
Market Cap
UK£2.0b
Last Updated
2020/12/02 18:55 UTC
Data Sources
Company Financials +
Executive Summary
Virgin Money UK PLC provides banking products and services for consumers, and small and medium sized businesses under the Clydesdale Bank, Yorkshire Bank, and B and Virgin Money brands in the United Kingdom. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with reasonable growth potential.
Similar Companies
Share Price & News
How has Virgin Money UK's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VMUK is more volatile than 75% of UK stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: VMUK's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of UK stocks.
Market Performance
7 Day Return
-1.0%
VMUK
3.5%
GB Banks
1.3%
GB Market
1 Year Return
-19.6%
VMUK
-24.4%
GB Banks
-6.4%
GB Market
Return vs Industry: VMUK exceeded the UK Banks industry which returned -25.2% over the past year.
Return vs Market: VMUK underperformed the UK Market which returned -6.8% over the past year.
Shareholder returns
| VMUK | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.0% | 3.5% | 1.3% |
| 30 Day | 46.4% | 31.5% | 14.1% |
| 90 Day | 57.8% | 35.9% | 9.6% |
| 1 Year | -19.6%-19.6% | -24.2%-24.4% | -2.7%-6.4% |
| 3 Year | -55.4%-56.3% | -32.2%-38.7% | 3.9%-8.6% |
| 5 Year | n/a | -13.2%-27.6% | 34.6%4.4% |
Long-Term Price Volatility Vs. Market
How volatile is Virgin Money UK's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Here's What Virgin Money UK PLC's (LON:VMUK) Shareholder Ownership Structure Looks Like2 months ago | Simply Wall St
A Quick Analysis On Virgin Money UK's (LON:VMUK) CEO Compensation3 months ago | Simply Wall St
Virgin Money UK's(LON:VMUK) Share Price Is Down 69% Over The Past Three Years.Valuation
Is Virgin Money UK undervalued compared to its fair value and its price relative to the market?
10.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VMUK (£1.39) is trading below our estimate of fair value (£1.55)
Significantly Below Fair Value: VMUK is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: VMUK is unprofitable, so we can't compare its PE Ratio to the GB Banks industry average.
PE vs Market: VMUK is unprofitable, so we can't compare its PE Ratio to the UK market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate VMUK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: VMUK is good value based on its PB Ratio (0.4x) compared to the GB Banks industry average (0.6x).
Next Steps
Future Growth
How is Virgin Money UK forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
62.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VMUK is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.2%).
Earnings vs Market: VMUK is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: VMUK's is expected to become profitable in the next 3 years.
Revenue vs Market: VMUK's revenue (12% per year) is forecast to grow faster than the UK market (6.8% per year).
High Growth Revenue: VMUK's revenue (12% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VMUK's Return on Equity is forecast to be low in 3 years time (7.2%).
Next Steps
Past Performance
How has Virgin Money UK performed over the past 5 years?
2.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VMUK is currently unprofitable.
Growing Profit Margin: VMUK is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: VMUK is unprofitable, but has reduced losses over the past 5 years at a rate of 2.2% per year.
Accelerating Growth: Unable to compare VMUK's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: VMUK is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (-25.7%).
Return on Equity
High ROE: VMUK has a negative Return on Equity (-2.86%), as it is currently unprofitable.
Next Steps
Financial Health
How is Virgin Money UK's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: VMUK's Assets to Equity ratio (18.3x) is moderate.
Allowance for Bad Loans: VMUK has a low allowance for bad loans (85%).
Low Risk Liabilities: 79% of VMUK's liabilities are made up of primarily low risk sources of funding.
Loan Level: VMUK has an appropriate level of Loans to Assets ratio (80%).
Low Risk Deposits: VMUK's Loans to Deposits ratio (107%) is appropriate.
Level of Bad Loans: VMUK has an appropriate level of bad loans (1.2%).
Next Steps
Dividend
What is Virgin Money UK current dividend yield, its reliability and sustainability?
2.58%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate VMUK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate VMUK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if VMUK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if VMUK's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: VMUK is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of VMUK's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.0yrs
Average management tenure
CEO
David Duffy (59 yo)
5.17yrs
Tenure
UK£1,351,000
Compensation
Mr. David Joseph Duffy, B.B.S., MA, serves as Director at Virgin Money Plc since October 15, 2018 and serves as its Chief Executive office. Mr. Duffy serves as Chief Executive Officer at Virgin Money Holdi...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD1.81M) is about average for companies of similar size in the UK market ($USD2.13M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 5.17yrs | UK£1.35m | 0.063% £ 1.3m | |
| Interim Group Chief Financial Officer | 0.17yr | no data | no data | |
| Group Chief Operating Officer | no data | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Group General Counsel & Company Secretary | 6.08yrs | no data | 0.013% £ 271.2k | |
| Group Corporate Communications & Sustainability Director | 1.92yrs | no data | no data | |
| Group Brand & Marketing Director | 3.75yrs | no data | 0.015% £ 299.4k | |
| Group Human Resources Director | 4.92yrs | no data | 0.010% £ 204.3k | |
| Group Chief Risk Officer | 4.25yrs | no data | no data | |
| MD of Core Bank - Virgin Money | 2.17yrs | no data | no data | |
| Group Chief Strategy & Transformation Officer | no data | no data | no data | |
| Head of Media Relations - UK | no data | no data | no data |
4.0yrs
Average Tenure
52yo
Average Age
Experienced Management: VMUK's management team is considered experienced (4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 5.17yrs | UK£1.35m | 0.063% £ 1.3m | |
| Independent Non-Executive Director | 4.58yrs | UK£103.00k | no data | |
| Non Executive Chairman | 0.58yr | UK£294.00k | 0.0011% £ 23.2k | |
| Independent Non-Executive Director | 2.42yrs | UK£120.00k | no data | |
| Independent Non-Executive Director | 2.42yrs | UK£130.00k | no data | |
| Non-Executive Director | 2.42yrs | no data | no data | |
| Senior Independent Non-Executive Director | 0.58yr | UK£159.00k | 0.0035% £ 71.0k |
2.4yrs
Average Tenure
58yo
Average Age
Experienced Board: VMUK's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: VMUK insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Virgin Money UK PLC's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Virgin Money UK PLC
- Ticker: VMUK
- Exchange: LSE
- Founded: 1838
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: UK£2.039b
- Shares outstanding: 1.44b
- Website: https://www.virginmoneyukplc.com
Number of Employees
Location
- Virgin Money UK PLC
- 40 St Vincent Place
- Glasgow
- Lanarkshire
- G1 2HL
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| VMUK | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Feb 2016 |
| VMUKL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Feb 2016 |
| 42YA | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Feb 2016 |
| CBBY.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Feb 2016 |
| VUK | ASX (Australian Securities Exchange) | ORD GBP0.10 (CDI) 1:1 | AU | AUD | Feb 2016 | |
| CYB | CHIA (Chi-X Australia) | ORD GBP0.10 (CDI) 1:1 | AU | AUD | Feb 2016 | |
| 42Y | DB (Deutsche Boerse AG) | ORD GBP0.10 (CDI) 1:1 | DE | EUR | Feb 2016 | |
| CYBB.F | OTCPK (Pink Sheets LLC) | ORD GBP0.10 (CDI) 1:1 | US | USD | Feb 2016 |
Biography
Virgin Money UK PLC provides banking products and services for consumers, and small and medium sized businesses under the Clydesdale Bank, Yorkshire Bank, and B and Virgin Money brands in the United Kingdo...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/12/02 18:55 |
| End of Day Share Price | 2020/12/02 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/09/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.