AIM:VANL

Stock Analysis Report

Executive Summary

Van Elle Holdings plc, together with its subsidiaries, provides ground engineering services in the United Kingdom.


Snowflake Analysis

Flawless balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Van Elle Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VANL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.7%

VANL

-2.5%

GB Construction

-0.5%

GB Market


1 Year Return

-11.5%

VANL

-10.3%

GB Construction

6.0%

GB Market

Return vs Industry: VANL underperformed the UK Construction industry which returned -10.3% over the past year.

Return vs Market: VANL underperformed the UK Market which returned 6% over the past year.


Shareholder returns

VANLIndustryMarket
7 Day-1.7%-2.5%-0.5%
30 Day11.7%8.0%-1.8%
90 Day51.3%10.7%2.4%
1 Year-9.0%-11.5%4.9%-10.3%11.5%6.0%
3 Year-50.1%-54.9%-16.2%-38.8%18.2%3.5%
5 Yearn/a-3.6%-39.0%34.3%3.5%

Price Volatility Vs. Market

How volatile is Van Elle Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Van Elle Holdings undervalued compared to its fair value and its price relative to the market?

22.2x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: VANL (£0.58) is trading above our estimate of fair value (£0.5)

Significantly Below Fair Value: VANL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: VANL is poor value based on its PE Ratio (22.2x) compared to the Construction industry average (11.2x).

PE vs Market: VANL is poor value based on its PE Ratio (22.2x) compared to the UK market (18.6x).


Price to Earnings Growth Ratio

PEG Ratio: VANL is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: VANL is good value based on its PB Ratio (1.1x) compared to the GB Construction industry average (1.6x).


Next Steps

Future Growth

How is Van Elle Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

22.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VANL's forecast earnings growth (22.5% per year) is above the savings rate (0.5%).

Earnings vs Market: VANL's earnings (22.5% per year) are forecast to grow faster than the UK market (13.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: VANL's revenue (2.4% per year) is forecast to grow slower than the UK market (3.8% per year).

High Growth Revenue: VANL's revenue (2.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VANL's Return on Equity is forecast to be low in 3 years time (8.3%).


Next Steps

Past Performance

How has Van Elle Holdings performed over the past 5 years?

-17.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VANL has high quality earnings.

Growing Profit Margin: VANL's current net profit margins (2.2%) are lower than last year (5.3%).


Past Earnings Growth Analysis

Earnings Trend: VANL's earnings have declined by -17.7% per year over the past 5 years.

Accelerating Growth: VANL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: VANL had negative earnings growth (-58.4%) over the past year, making it difficult to compare to the Construction industry average (-13.7%).


Return on Equity

High ROE: VANL's Return on Equity (4.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Van Elle Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: VANL's short term assets (£28.8M) exceed its short term liabilities (£21.4M).

Long Term Liabilities: VANL's short term assets (£28.8M) exceed its long term liabilities (£10.2M).


Debt to Equity History and Analysis

Debt Level: VANL's debt to equity ratio (7.4%) is considered satisfactory.

Reducing Debt: VANL's debt to equity ratio has reduced from 15.7% to 7.4% over the past 5 years.

Debt Coverage: VANL's debt is well covered by operating cash flow (147.8%).

Interest Coverage: VANL's interest payments on its debt are well covered by EBIT (5.6x coverage).


Balance Sheet

Inventory Level: VANL has a high level of physical assets or inventory.

Debt Coverage by Assets: VANL's debt is covered by short term assets (assets are 9.3x debt).


Next Steps

Dividend

What is Van Elle Holdings's current dividend yield, its reliability and sustainability?

0.69%

Current Dividend Yield


Dividend Yield vs Market

company0.7%marketbottom25%1.8%markettop25%5.0%industryaverage3.9%forecastin3Years1.3%

Current dividend yield vs market & industry

Notable Dividend: VANL's dividend (0.7%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.8%).

High Dividend: VANL's dividend (0.7%) is low compared to the top 25% of dividend payers in the UK market (5.03%).


Stability and Growth of Payments

Stable Dividend: VANL is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.

Growing Dividend: VANL is not paying a notable dividend for the UK market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: VANL is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of VANL'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?

2.7yrs

Average board tenure


CEO

Mark Cutler (49yo)

1.5yrs

Tenure

UK£314,988

Compensation

Mr. Mark Lloyd Cutler has been Chief Executive Officer and Director of Van Elle Holdings plc since August 14, 2018. Mr. Cutler served as Member of Executive Board and Managing Director of Regeneration at K ...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD407.16K) is about average for companies of similar size in the UK market ($USD323.15K).

Compensation vs Earnings: Insufficient data to compare Mark's compensation with company performance.


Board Members

NamePositionTenureCompensationOwnership
Mark Cutler
CEO & Director1.5yrsUK£314.99k0.24% £110.8k
Adrian Barden
Non-Executive Chairman3.2yrsUK£85.00k0.18% £85.1k
Robin George Williams
Senior Independent Director3.1yrsUK£50.00k0.013% £5.8k
David Hurcomb
Independent Non-Executive Director2.3yrsUK£45.00k0.031% £14.4k

2.7yrs

Average Tenure

58.5yo

Average Age

Experienced Board: VANL's board of directors are not considered experienced ( 2.7 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: VANL 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

Van Elle Holdings plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Van Elle Holdings plc
  • Ticker: VANL
  • Exchange: AIM
  • Founded: 1984
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: UK£46.000m
  • Shares outstanding: 80.00m
  • Website: https://www.van-elle.co.uk

Number of Employees


Location

  • Van Elle Holdings plc
  • Kirkby Lane
  • Pinxton
  • Nottinghamshire
  • NG16 6JA
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VANLAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPOct 2016

Biography

Van Elle Holdings plc, together with its subsidiaries, provides ground engineering services in the United Kingdom. The company offers a range of services, such as auger displacement piling, cased continuous flight auger piling, continuous flight auger piling, design, drilled piling, drilling and grouting, driven piling, foundation testing, ground investigation, rail sheet piling, specialist piling, rock bolt and netting, rotary bored piling, screw piling, and precast modular foundation services, as well as precast modular signal, gantry, and OLE foundation services; specialist on-track rail, restricted access, and highway GI Services; and services in the areas of geothermal boreholes, and ground anchors and soil nails. It also develops, manufactures, and installs precast concrete products for use in specialist foundation applications. The company was founded in 1984 and is headquartered in Pinxton, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/24 22:43
End of Day Share Price2020/02/24 00:00
Earnings2019/10/31
Annual Earnings2019/04/30


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.