company background image
VP.

Vp LSE:VP. Stock Report

Last Price

UK£7.75

Market Cap

UK£307.2m

7D

-2.9%

1Y

-24.0%

Updated

26 Sep, 2022

Data

Company Financials +
VP. fundamental analysis
Snowflake Score
Valuation6/6
Future Growth1/6
Past Performance2/6
Financial Health3/6
Dividends4/6

VP. Stock Overview

Vp plc provides equipment rental and associated services in the United Kingdom and internationally.

Vp Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Vp
Historical stock prices
Current Share PriceUK£7.75
52 Week HighUK£10.60
52 Week LowUK£7.50
Beta0.93
1 Month Change-2.39%
3 Month Change-8.82%
1 Year Change-24.02%
3 Year Change-4.32%
5 Year Change-8.82%
Change since IPO675.00%

Recent News & Updates

Jun 17
Is There Now An Opportunity In Vp plc (LON:VP.)?

Is There Now An Opportunity In Vp plc (LON:VP.)?

While Vp plc ( LON:VP. ) might not be the most widely known stock at the moment, it saw significant share price...

Shareholder Returns

VP.GB Trade DistributorsGB Market
7D-2.9%-2.8%-3.2%
1Y-24.0%-19.6%-14.6%

Return vs Industry: VP. underperformed the UK Trade Distributors industry which returned -21.8% over the past year.

Return vs Market: VP. underperformed the UK Market which returned -14.4% over the past year.

Price Volatility

Is VP.'s price volatile compared to industry and market?
VP. volatility
VP. Average Weekly Movement3.3%
Trade Distributors Industry Average Movement4.8%
Market Average Movement5.2%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.6%

Stable Share Price: VP. is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: VP.'s weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19502,489Neil Stothardhttps://www.vpplc.com

Vp plc provides equipment rental and associated services in the United Kingdom and internationally. It operates through UK Forks, Brandon Hire Station, ESS, Groundforce, TPA, MEP Hire, Torrent Trackside, Airpac Rentals, and TR Group businesses. The UK Forks business engages in the rental of telescopic handlers and tracked access platforms use for construction and housebuilding sites.

Vp Fundamentals Summary

How do Vp's earnings and revenue compare to its market cap?
VP. fundamental statistics
Market CapUK£307.24m
Earnings (TTM)UK£25.54m
Revenue (TTM)UK£350.92m

12.0x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VP. income statement (TTM)
RevenueUK£350.92m
Cost of RevenueUK£263.95m
Gross ProfitUK£86.97m
Other ExpensesUK£61.43m
EarningsUK£25.54m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.64
Gross Margin24.78%
Net Profit Margin7.28%
Debt/Equity Ratio86.6%

How did VP. perform over the long term?

See historical performance and comparison

Dividends

6.6%

Current Dividend Yield

56%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is VP. undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VP.?

Other financial metrics that can be useful for relative valuation.

VP. key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.4x
Enterprise Value/EBITDA5.4x
PEG Ratio2.5x

Price to Earnings Ratio vs Peers

How does VP.'s PE Ratio compare to its peers?

VP. PE Ratio vs Peers
The above table shows the PE ratio for VP. vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.7x
ASY Andrews Sykes Group
13.2xn/aUK£205.0m
SDY Speedy Hire
8.5x-0.5%UK£182.9m
AT. Ashtead Technology Holdings
28.1x25.9%UK£199.0m
LTHM James Latham
4.9xn/aUK£225.4m
12x4.8%UK£307.2m

Price-To-Earnings vs Peers: VP. is good value based on its Price-To-Earnings Ratio (12x) compared to the peer average (13.7x).


Price to Earnings Ratio vs Industry

How does VP.'s PE Ratio compare vs other companies in the GB Trade Distributors Industry?

Price-To-Earnings vs Industry: VP. is good value based on its Price-To-Earnings Ratio (12x) compared to the UK Trade Distributors industry average (13.3x)


Price to Earnings Ratio vs Fair Ratio

What is VP.'s PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VP. PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12x
Fair PE Ratio15.3x

Price-To-Earnings vs Fair Ratio: VP. is good value based on its Price-To-Earnings Ratio (12x) compared to the estimated Fair Price-To-Earnings Ratio (15.3x).


Share Price vs Fair Value

What is the Fair Price of VP. when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: VP. (£7.75) is trading below our estimate of fair value (£10.17)

Significantly Below Fair Value: VP. is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


Discover undervalued companies

Future Growth

How is Vp forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


4.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VP.'s forecast earnings growth (4.8% per year) is above the savings rate (0.9%).

Earnings vs Market: VP.'s earnings (4.8% per year) are forecast to grow slower than the UK market (8.9% per year).

High Growth Earnings: VP.'s earnings are forecast to grow, but not significantly.

Revenue vs Market: VP.'s revenue (3.1% per year) is forecast to grow slower than the UK market (4.5% per year).

High Growth Revenue: VP.'s revenue (3.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if VP.'s Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Vp performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-20.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: VP. has high quality earnings.

Growing Profit Margin: VP. became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: VP.'s earnings have declined by 20.7% per year over the past 5 years.

Accelerating Growth: VP. has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: VP. has become profitable in the last year, making it difficult to compare its past year earnings growth to the Trade Distributors industry (38.9%).


Return on Equity

High ROE: VP.'s Return on Equity (15.3%) is considered low.


Discover strong past performing companies

Financial Health

How is Vp's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: VP.'s short term assets (£97.6M) exceed its short term liabilities (£95.0M).

Long Term Liabilities: VP.'s short term assets (£97.6M) do not cover its long term liabilities (£202.9M).


Debt to Equity History and Analysis

Debt Level: VP.'s net debt to equity ratio (78.4%) is considered high.

Reducing Debt: VP.'s debt to equity ratio has increased from 81.8% to 86.6% over the past 5 years.

Debt Coverage: VP.'s debt is well covered by operating cash flow (53.2%).

Interest Coverage: VP.'s interest payments on its debt are well covered by EBIT (5.8x coverage).


Balance Sheet


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Dividend

What is Vp current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


6.58%

Current Dividend Yield

Dividend Yield vs Market

Vp Dividend Yield vs Market
How does Vp dividend yield compare to the market?
SegmentDividend Yield
Company (Vp)6.6%
Market Bottom 25% (GB)2.1%
Market Top 25% (GB)5.9%
Industry Average (Trade Distributors)2.4%
Analyst forecast in 3 Years (Vp)5.2%

Notable Dividend: VP.'s dividend (6.58%) is higher than the bottom 25% of dividend payers in the UK market (2.06%).

High Dividend: VP.'s dividend (6.58%) is in the top 25% of dividend payers in the UK market (5.8%)


Stability and Growth of Payments

Stable Dividend: VP.'s dividend payments have been volatile in the past 10 years.

Growing Dividend: VP.'s dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (55.8%), VP.'s dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (251.9%), VP.'s dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

13.9yrs

Average board tenure


CEO

Neil Stothard (64 yo)

no data

Tenure

UK£863,000

Compensation

Mr. Neil A. Stothard, MA, FCA, has been the Group Managing Director of VP PLC of Pivotal Services Group Ltd., since July 5, 2004 and also serves as its Chief Executive. Mr. Stothard served as a Secretary o...


CEO Compensation Analysis

Neil Stothard's Compensation vs Vp Earnings
How has Neil Stothard's remuneration changed compared to Vp's earnings?
DateTotal Comp.SalaryCompany Earnings
Mar 31 2022UK£863kUK£380k

UK£26m

Dec 31 2021n/an/a

UK£21m

Sep 30 2021n/an/a

UK£16m

Jun 30 2021n/an/a

UK£6m

Mar 31 2021UK£721kUK£351k

-UK£5m

Dec 31 2020n/an/a

-UK£6m

Sep 30 2020n/an/a

-UK£7m

Jun 30 2020n/an/a

UK£6m

Mar 31 2020UK£699kUK£366k

UK£19m

Dec 31 2019n/an/a

UK£22m

Sep 30 2019n/an/a

UK£25m

Jun 30 2019n/an/a

UK£26m

Mar 31 2019UK£1mUK£359k

UK£26m

Dec 31 2018n/an/a

UK£26m

Sep 30 2018n/an/a

UK£27m

Jun 30 2018n/an/a

UK£26m

Mar 31 2018UK£1mUK£352k

UK£24m

Dec 31 2017n/an/a

UK£25m

Sep 30 2017n/an/a

UK£26m

Jun 30 2017n/an/a

UK£25m

Mar 31 2017UK£1mUK£343k

UK£24m

Dec 31 2016n/an/a

UK£24m

Sep 30 2016n/an/a

UK£23m

Jun 30 2016n/an/a

UK£23m

Mar 31 2016UK£1mUK£336k

UK£22m

Compensation vs Market: Neil's total compensation ($USD933.90K) is about average for companies of similar size in the UK market ($USD1.04M).

Compensation vs Earnings: Neil's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: VP.'s board of directors are seasoned and experienced ( 13.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

LSE:VP. Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
01 Aug 22SellUK£10,320J.P. Morgan Asset Management, Inc.Company1,200UK£8.60
28 Jul 22BuyUK£18,627FMR LLCCompany2,124UK£8.77
28 Jul 22SellUK£18,627J.P. Morgan Asset Management, Inc.Company2,124UK£8.77
25 Jul 22SellUK£21,750J.P. Morgan Asset Management, Inc.Company2,500UK£8.70
19 Jul 22BuyUK£68,983FMR LLCCompany7,839UK£8.80
19 Jul 22SellUK£88,000J.P. Morgan Asset Management, Inc.Company10,000UK£8.80
15 Jul 22BuyUK£205,304FMR LLCCompany23,330UK£8.80
15 Jul 22SellUK£211,200J.P. Morgan Asset Management, Inc.Company24,000UK£8.80
14 Jul 22BuyUK£7,740FMR LLCCompany901UK£8.59
05 Jul 22BuyUK£36,626FMR LLCCompany4,314UK£8.49
01 Jul 22BuyUK£2,050FMR LLCCompany250UK£8.20
01 Jul 22SellUK£5,620Invesco Ltd.Company673UK£8.35
30 Jun 22BuyUK£42,450FMR LLCCompany5,000UK£8.49
29 Jun 22BuyUK£5,190FMR LLCCompany612UK£8.48
29 Jun 22SellUK£5,088Dimensional Fund Advisors LPCompany600UK£8.48
28 Jun 22BuyUK£9,379FMR LLCCompany1,106UK£8.48
24 Jun 22BuyUK£9,033FMR LLCCompany1,064UK£8.49
23 Jun 22BuyUK£8,991FMR LLCCompany1,059UK£8.49
21 Jun 22BuyUK£9,046FMR LLCCompany1,035UK£8.74
20 Jun 22BuyUK£2,019FMR LLCCompany231UK£8.74
17 Jun 22BuyUK£6,474FMR LLCCompany751UK£8.62
08 Jun 22SellUK£176,801J.P. Morgan Asset Management, Inc.Company18,800UK£9.40
07 Jun 22BuyUK£179,037FMR LLCCompany18,846UK£9.50
25 May 22SellUK£14,400J.P. Morgan Asset Management, Inc.Company1,500UK£9.60
24 May 22SellUK£25,866J.P. Morgan Asset Management, Inc.Company2,700UK£9.58
20 May 22SellUK£1,187,588J.P. Morgan Asset Management, Inc.Company125,000UK£9.50
13 May 22SellUK£390,008Invesco Ltd.Company40,207UK£9.70
11 May 22SellUK£2,569,297Hargreave Hale Limited, Asset Management ArmCompany264,876UK£9.70
28 Apr 22SellUK£9Joh. Berenberg, Gossler & Co. KG, Asset Management ArmCompany1UK£9.26
08 Oct 21BuyUK£3,596Neil StothardIndividual445UK£8.08

Ownership Breakdown

What is the ownership structure of VP.?
Owner TypeNumber of SharesOwnership Percentage
Public Companies9,0080.02%
Employee Share Scheme496,7741.3%
Individual Insiders1,029,2912.6%
General Public2,520,4626.4%
Institutions15,378,76838.8%
Private Companies20,209,95051.0%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 91.47% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
50.91%
Ackers P Investment Co Ltd,
20,181,636£156.4m0%no data
6.18%
Rights and Issues Investment Trust Public Limited Company
2,450,000£19.0m0%13.05%
3.99%
Chelverton Asset Management Limited
1,581,617£12.3m0%0.73%
3.92%
Invesco Ltd.
1,554,314£12.0m-0.04%no data
3.86%
Schroder Investment Management Limited
1,530,750£11.9m0%0.01%
3.5%
BennBridge Ltd
1,388,318£10.8m0%2.61%
3.15%
Hargreave Hale Limited, Asset Management Arm
1,250,000£9.7m0%0.27%
2.43%
J.P. Morgan Asset Management, Inc.
962,176£7.5m-3.97%no data
2.17%
Neil Stothard
858,993£6.7m0%no data
1.82%
Aberforth Partners LLP
721,465£5.6m0%0.32%
1.57%
Hollis Capital Limited
621,141£4.8m0%22.88%
1.25%
VP plc Employee Trust
496,774£3.8m-0.6%no data
1.22%
Dimensional Fund Advisors LP
484,006£3.8m-10.33%no data
0.75%
Unicorn Asset Management Limited
298,000£2.3m-0.67%0.26%
0.7%
Ruffer LLP
279,015£2.2m-9.71%0.03%
0.67%
FMR LLC
267,036£2.1m7.82%no data
0.67%
Fidelity International Ltd
267,036£2.1m7.82%no data
0.53%
Charles Stanley & Co. Ltd, Asset Management Arm
210,842£1.6m-5.92%0.02%
0.43%
Barclays Bank PLC, Wealth and Investment Management Division
171,971£1.3m19.76%0.02%
0.36%
Allison Bainbridge
141,078£1.1m0%no data
0.35%
Goldman Sachs Group, Investment Banking and Securities Investments
138,871£1.1m-0.55%no data
0.32%
Inpersca Limited
128,660£997.1k0%no data
0.27%
HBOS Investment Fund Managers Limited
108,155£838.2k-1.56%0.01%
0.24%
A J Bell Holdings Limited, Asset Management Arm
93,704£726.2k16.34%0.01%
0.2%
London Wealth Management Limited
78,790£610.6k3.23%0.04%

Company Information

Vp plc's employee growth, exchange listings and data sources


Key Information

  • Name: Vp plc
  • Ticker: VP.
  • Exchange: LSE
  • Founded: 1950
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Implied Market Cap: UK£307.243m
  • Shares outstanding: 39.64m
  • Website: https://www.vpplc.com

Number of Employees


Location

  • Vp plc
  • Central House
  • Beckwith Knowle
  • Harrogate
  • North Yorkshire
  • HG3 1UD
  • United Kingdom


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VP.LSE (London Stock Exchange)YesOrdinary SharesGBGBPJan 1992
VPlBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPJan 1992

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/26 00:00
End of Day Share Price2022/09/26 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.