Victoria
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Victoria PLC designs, manufactures, and distributes flooring products primarily in the United Kingdom and Australia. The last earnings update was 147 days ago. More info.
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- Victoria has significant price volatility in the past 3 months.
VCP Share Price and Events
7 Day Returns
1 Year Returns
VCP Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Victoria (VCP) | 2% | 5% | 16.4% | -41.8% | 60.1% | 586.7% |
| GB Consumer Durables | 0.2% | 5.6% | 6.4% | -6.1% | 19.6% | 79.8% |
| GB Market | 0.5% | 3.6% | 7.6% | 0.8% | 15.9% | 6.2% |
1 Year Return vs Industry and Market
- VCP underperformed the Consumer Durables industry which returned -6.1% over the past year.
- VCP underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 0.8% over the past year.
VCP Value
Is Victoria undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Victoria
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Victoria.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 2 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.9% |
| Perpetual Growth Rate | 10-Year GB Government Bond Rate | 1.2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year GB Govt Bond Rate | 1.2% |
| Equity Risk Premium | S&P Global | 6.7% |
| Consumer Durables Unlevered Beta | Simply Wall St/ S&P Global | 0.92 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.918 (1 + (1- 19%) (70.7%)) |
1.298 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.3 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.298 * 6.65%) |
9.86% |
Discounted Cash Flow Calculation for AIM:VCP using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Victoria is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (GBP, Millions) | Source |
Present Value Discounted (@ 9.86%) |
|
|---|---|---|---|
| 2019 | 30.10 | Analyst x2 | 27.40 |
| 2020 | 52.60 | Analyst x2 | 43.58 |
| 2021 | 64.05 | Analyst x2 | 48.31 |
| 2022 | 73.09 | Est @ 14.12% | 50.18 |
| 2023 | 80.59 | Est @ 10.25% | 50.36 |
| 2024 | 86.67 | Est @ 7.54% | 49.30 |
| 2025 | 91.56 | Est @ 5.65% | 47.42 |
| 2026 | 95.52 | Est @ 4.32% | 45.03 |
| 2027 | 98.76 | Est @ 3.39% | 42.38 |
| 2028 | 101.47 | Est @ 2.74% | 39.63 |
| Present value of next 10 years cash flows | £443.60 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= £101.47 × (1 + 1.23%) ÷ (9.86% – 1.23%) |
£1,190.22 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= £1,190.22 ÷ (1 + 9.86%)10 |
£464.89 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= £443.60 + £464.89 |
£908.49 |
| Equity Value per Share (GBP) |
= Total value / Shares Outstanding
= £908.49 / 125.40 |
£7.24 |
| Calculation | Result | |
|---|---|---|
| Value per share (GBP) | From above. | £7.24 |
| Current discount | Discount to share price of
£4.69
= -1 x (£4.69 - £7.24) / £7.24 |
35.3% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Victoria's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Victoria's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Victoria's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Victoria's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-09-29) in GBP | £0.03 |
| AIM:VCP Share Price ** | AIM (2019-04-23) in GBP | £4.69 |
| United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PE Ratio | Median Figure of 26 Publicly-Listed Consumer Durables Companies | 10.18x |
| United Kingdom of Great Britain and Northern Ireland Market PE Ratio | Median Figure of 797 Publicly-Listed Companies | 16.29x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Victoria.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = AIM:VCP Share Price ÷ EPS (both in GBP) = 4.69 ÷ 0.03 |
163.8x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Victoria is overvalued based on earnings compared to the GB Consumer Durables industry average.
- Victoria is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does
Victoria's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 163.8x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts |
74.5%per year |
| United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PEG Ratio | Median Figure of 23 Publicly-Listed Consumer Durables Companies | 1.08x |
| United Kingdom of Great Britain and Northern Ireland Market PEG Ratio | Median Figure of 564 Publicly-Listed Companies | 1.48x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 163.8x ÷ 74.5% |
2.2x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Victoria is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Victoria's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-09-29) in GBP | £2.68 |
| AIM:VCP Share Price * | AIM (2019-04-23) in GBP | £4.69 |
| United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PB Ratio | Median Figure of 28 Publicly-Listed Consumer Durables Companies | 1.71x |
| United Kingdom of Great Britain and Northern Ireland Market PB Ratio | Median Figure of 1,367 Publicly-Listed Companies | 1.51x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = AIM:VCP Share Price ÷ Book Value per Share (both in GBP) = 4.69 ÷ 2.68 |
1.75x |
* Primary Listing of Victoria.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Victoria is overvalued based on assets compared to the GB Consumer Durables industry average.
Value checks
We assess Victoria's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check) Victoria has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
VCP Future Performance
How is Victoria expected to perform in the next 1 to 3 years based on estimates from 2 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Victoria's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
- Victoria's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
- Victoria's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| AIM:VCP Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts | 74.5% |
| AIM:VCP Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts | 6.1% |
| United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Earnings Growth Rate | Market Cap Weighted Average | 4.1% |
| United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Revenue Growth Rate | Market Cap Weighted Average | 2.4% |
| United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate | Market Cap Weighted Average | 11% |
| United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate | Market Cap Weighted Average | 4.8% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (6 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Date (Data in GBP Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-03-31 | 661 | 1 | ||
| 2021-03-31 | 665 | 85 | 53 | 2 |
| 2020-03-31 | 651 | 73 | 47 | 2 |
| 2019-03-31 | 598 | 56 | 9 | 2 |
| Date (Data in GBP Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-09-29 | 509 | 49 | 3 |
| 2018-06-29 | 467 | 43 | 6 |
| 2018-03-31 | 425 | 37 | 9 |
| 2017-12-31 | 396 | 35 | 11 |
| 2017-09-30 | 366 | 33 | 13 |
| 2017-07-01 | 349 | 30 | 13 |
| 2017-04-01 | 330 | 32 | 13 |
| 2017-01-01 | 317 | 29 | 11 |
| 2016-10-01 | 303 | 27 | 10 |
| 2016-07-01 | 279 | 26 | 8 |
| 2016-04-02 | 255 | 24 | 6 |
| 2016-01-02 | 224 | 20 | 6 |
| 2015-10-03 | 193 | 17 | 5 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (6 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
All data from Victoria Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GBP Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-03-31 | ||||
| 2021-03-31 | 0.42 | 0.48 | 0.36 | 2.00 |
| 2020-03-31 | 0.37 | 0.44 | 0.30 | 2.00 |
| 2019-03-31 | 0.08 | 0.08 | 0.08 | 1.00 |
| Date (Data in GBP Millions) | EPS * |
|---|---|
| 2018-09-29 | 0.03 |
| 2018-06-29 | 0.06 |
| 2018-03-31 | 0.09 |
| 2017-12-31 | 0.11 |
| 2017-09-30 | 0.14 |
| 2017-07-01 | 0.14 |
| 2017-04-01 | 0.14 |
| 2017-01-01 | 0.12 |
| 2016-10-01 | 0.10 |
| 2016-07-01 | 0.09 |
| 2016-04-02 | 0.07 |
| 2016-01-02 | 0.07 |
| 2015-10-03 | 0.07 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Victoria's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Victoria has a total score of 4/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
VCP Past Performance
How has Victoria performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Victoria has delivered over 20% year on year earnings growth in the past 5 years.
- Victoria's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Victoria's 1-year earnings growth is negative, it can't be compared to the GB Consumer Durables industry average.
Earnings and Revenue History
All data from Victoria Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GBP Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-09-29 | 508.70 | 3.30 | 137.00 | |
| 2018-06-29 | 466.75 | 5.95 | 123.25 | |
| 2018-03-31 | 424.80 | 8.60 | 109.50 | |
| 2017-12-31 | 395.66 | 10.64 | 99.45 | |
| 2017-09-30 | 366.50 | 12.63 | 89.52 | |
| 2017-07-01 | 348.70 | 12.81 | 84.76 | |
| 2017-04-01 | 330.40 | 12.60 | 80.90 | |
| 2017-01-01 | 316.69 | 11.06 | 78.62 | |
| 2016-10-01 | 302.97 | 9.53 | 76.34 | |
| 2016-07-01 | 279.07 | 7.74 | 71.04 | |
| 2016-04-02 | 255.17 | 5.95 | 65.74 | |
| 2016-01-02 | 223.93 | 5.61 | 57.75 | |
| 2015-10-03 | 192.68 | 5.28 | 49.77 | |
| 2015-07-03 | 159.84 | 1.02 | 41.12 | |
| 2015-03-28 | 127.00 | -3.25 | 32.48 | |
| 2014-12-28 | 101.90 | -3.85 | 26.39 | |
| 2014-09-27 | 76.79 | -4.46 | 20.29 | |
| 2014-06-27 | 74.09 | -1.43 | 19.47 | |
| 2014-03-29 | 71.39 | 1.61 | 18.65 | |
| 2013-09-28 | 69.45 | -1.54 | 17.22 | |
| 2013-06-28 | 70.18 | -2.07 | 17.56 | |
| 2013-03-30 | 70.91 | -2.60 | 17.90 | |
| 2012-12-30 | 72.50 | -1.81 | 18.15 | |
| 2012-09-29 | 74.10 | -0.83 | 18.41 | |
| 2012-06-29 | 75.61 | 0.13 | 18.27 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Victoria has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Victoria used its assets less efficiently than the GB Consumer Durables industry average last year based on Return on Assets.
- Victoria's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Victoria's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Victoria has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
VCP Health
How is Victoria's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Victoria's finances.
The net worth of a company is the difference between its assets and liabilities.
- Victoria is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Victoria's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Victoria Company Filings, last reported 6 months ago.
| Date (Data in GBP Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-09-29 | 328.40 | 415.80 | 74.00 |
| 2018-06-29 | 328.40 | 415.80 | 74.00 |
| 2018-03-31 | 265.60 | 309.10 | 54.00 |
| 2017-12-31 | 265.60 | 309.10 | 54.00 |
| 2017-09-30 | 86.10 | 125.73 | 28.72 |
| 2017-07-01 | 79.30 | 116.70 | 28.00 |
| 2017-04-01 | 79.30 | 116.70 | 28.00 |
| 2017-01-01 | 79.30 | 116.70 | 28.00 |
| 2016-10-01 | 73.44 | 88.23 | 21.88 |
| 2016-07-01 | 73.44 | 88.23 | 21.88 |
| 2016-04-02 | 71.03 | 79.12 | 19.08 |
| 2016-01-02 | 71.03 | 79.12 | 19.08 |
| 2015-10-03 | 53.63 | 88.96 | 8.03 |
| 2015-07-03 | 53.63 | 88.96 | 8.03 |
| 2015-03-28 | 23.38 | 37.50 | 2.39 |
| 2014-12-28 | 23.38 | 37.50 | 2.39 |
| 2014-09-27 | 16.26 | 20.56 | 0.36 |
| 2014-06-27 | 16.26 | 20.56 | 0.36 |
| 2014-03-29 | 34.64 | 16.67 | 15.19 |
| 2013-09-28 | 34.02 | 6.07 | 3.10 |
| 2013-06-28 | 34.02 | 6.07 | 3.10 |
| 2013-03-30 | 38.47 | 8.60 | 1.09 |
| 2012-12-30 | 38.47 | 8.60 | 1.09 |
| 2012-09-29 | 38.54 | 9.92 | 1.58 |
| 2012-06-29 | 38.54 | 9.92 | 1.58 |
- Victoria's level of debt (126.6%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (18.2% vs 126.6% today).
- Debt is not well covered by operating cash flow (11.9%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 3.1x coverage).
Financial health checks
We assess Victoria's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Victoria has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
VCP Dividends
What is Victoria's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
£2,000 of
Victoria
shares you are expected to receive
£0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Victoria's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Victoria's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Average Dividend Yield | Market Cap Weighted Average of 24 Stocks | 6.5% |
| United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield | Market Cap Weighted Average of 705 Stocks | 4.2% |
| United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield | 10th Percentile | 1% |
| United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield | 25th Percentile | 2% |
| United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield | 75th Percentile | 5.2% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in £) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-03-31 | 0.00 | 1.00 |
| 2021-03-31 | 0.00 | 1.00 |
| 2020-03-31 | 0.00 | 1.00 |
| 2019-03-31 | 0.00 | 1.00 |
| Date (Data in £) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2015-08-07 | 0.000 | 0.000 |
| 2015-07-30 | 0.000 | 0.000 |
| 2014-11-17 | 0.000 | 0.000 |
| 2014-09-01 | 0.000 | 0.000 |
| 2014-08-29 | 0.000 | 0.000 |
| 2013-07-31 | 0.016 | 3.072 |
| 2012-07-30 | 0.021 | 4.856 |
| 2012-06-26 | 0.021 | 4.582 |
| 2011-07-04 | 0.018 | 3.208 |
| 2011-06-15 | 0.018 | 3.194 |
| 2010-06-29 | 0.016 | 3.373 |
| 2010-06-15 | 0.016 | 3.615 |
| 2009-11-09 | 0.010 | 2.418 |
| 2009-06-17 | 0.016 | 4.239 |
| 2009-06-16 | 0.016 | 4.806 |
| 2009-04-24 | 0.016 | 4.587 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Victoria has not reported any payouts.
- Unable to verify if Victoria's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Victoria's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Victoria afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Victoria has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
VCP Management
CEO
| COMPENSATION | £580,000 |
| AGE | 54 |
| TENURE AS CEO | 2.1 years |
CEO Bio
Mr. Philippe Hamers has been Chief Executive Officer and Executive Director of Victoria plc since March 20, 2017. Mr. Hamers served as General Manager of Residential and Commercial Broadloom Division at Balta Industries nv. Mr. Hamers has over 25 years experience in the flooring industry and headed Europe's largest carpet manufacturing operation at Balta Group, for the previous six and a half years. Prior to joining the Balta Group, Mr. Hamers served as General Manager of the Tufted and Woven Division of Beaulieu International Group. He holds a Master of Business Economics degree from the University of Antwerp and an Advanced Management degree from Vlerick Business School. Mr. Hamers is multi-lingual and speaks Dutch, English, French and German fluently.
CEO Compensation
- Insufficient data for Philippe to compare compensation growth.
- Philippe's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure
Average tenure of the Victoria management team in years:
- The tenure for the Victoria management team is about average.
Management Team
Geoff Wilding
Executive Chairman
£65K
Philippe Hamers
CEO & Executive Director
£580K
54
2.1 yrs
Michael Scott
Group Finance Director & Executive Director
£366K
37
3.3 yrs
John Snee
Joint Managing Director of Westex Carpets
John Shirt
Joint Managing Director of Westex Carpets
Jim Taylor
Managing Director of Abingdon Flooring
Steven Byrne
Managing Director of Abingdon Flooring
John Cooper
Managing Director of Interfloor
Phil Hartley
Managing Director of Victoria Carpets - UK
3.3 yrs
Phil Smith
Managing Director of Victoria Carpets - Australia
6 yrs
Board of Directors Tenure
Average tenure and age of the Victoria board of directors in years:
- The tenure for the Victoria board of directors is about average.
Board of Directors
Geoff Wilding
Executive Chairman
£65K
6.5 yrs
Philippe Hamers
CEO & Executive Director
£580K
54
2.1 yrs
Michael Scott
Group Finance Director & Executive Director
£366K
37
3.3 yrs
Michael Oakley
Non-Executive Chairman of The Victoria Carpet Company Pty Limited
£76K
78
12.7 yrs
Ian Anton
Non-Executive Director
58
6.5 yrs
Andrew Harrison
Senior Independent Non-Executive Director
£35K
Gavin Petken
Non-Executive Director
£35K
47
4.6 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Victoria insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (£) | Value (£) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 27. Mar 19 | Buy | Alexander Anton | Individual | 27. Mar 19 | 27. Mar 19 | 97,500 | £4.50 | £438,750 | ||
| 20. Mar 19 | Buy | Alexander Anton | Individual | 19. Mar 19 | 19. Mar 19 | 2,500 | £4.10 | £10,250 | ||
| 14. Mar 19 | Buy | Alexander Anton | Individual | 14. Mar 19 | 14. Mar 19 | 150,000 | £3.20 | £480,000 | ||
| 13. Mar 19 | Buy | Alexander Anton | Individual | 13. Mar 19 | 13. Mar 19 | 200,000 | £3.21 | £642,000 | ||
| 04. Mar 19 | Buy | Philippe Hamers | Individual | 04. Mar 19 | 04. Mar 19 | 25,000 | £3.25 | £81,250 | ||
Management checks
We assess Victoria's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Victoria has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
VCP News
Simply Wall St News
An Intrinsic Calculation For Victoria plc (LON:VCP) Suggests It's 37% Undervalued
This is done using the Discounted Cash Flow (DCF) model. … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model? … We're using the 2-stage growth model, which simply means we take in account two stages of company's growth
Simply Wall St - – Full articleIs There Now An Opportunity In Victoria plc (LON:VCP)?
led the AIM gainers with a relatively large price hike in the past couple of weeks. … Less-covered, small caps tend to present more of an opportunity for mispricing due to the lack of information available to the public, which can be a good thing? … So, could the stock still be trading at a low price relative to its actual value.
Simply Wall St - – Full articleHow Financially Strong Is Victoria plc (LON:VCP)?
While small-cap stocks, such as Victoria plc (LON:VCP) with its market cap of UK£404m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Understanding the company's financial health becomes. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.
Simply Wall St - – Full articleDoes Market Volatility Impact Victoria plc's (LON:VCP) Share Price?
Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.
Simply Wall St - – Full articleInvestors Are Undervaluing Victoria plc (LON:VCP) By 42.9%
by taking the expected future cash flows and discounting them to their present value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model
Simply Wall St - – Full articleWhat Does Victoria plc's (LON:VCP) Share Price Indicate?
Less-covered, small caps tend to present more of an opportunity for mispricing due to the lack of information available to the public, which can be a good thing? … So, could the stock still be trading at a low price relative to its actual value. … Let’s take a look at Victoria’s outlook and value based on the most recent financial data to see if the opportunity still exists
Simply Wall St - – Full articleAre Victoria plc's (LON:VCP) Interest Costs Too High?
Victoria plc (LON:VCP) is a small-cap stock with a market capitalization of UK£583m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is
Simply Wall St - – Full articleShould You Be Concerned About Victoria plc's (LON:VCP) Historical Volatility?
Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.
Simply Wall St - – Full articleWill Victoria plc (LON:VCP) Continue To Underperform Its Industry?
Our data shows Victoria has a return on equity of 3.2% for the last year. … That means that for every £1 worth of shareholders' equity, it generated £0.032 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleWhat Do You Get For Owning Victoria plc (LON:VCP)?
This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … To understand Victoria’s capital returns we will look at a useful metric called return on capital employed.
Simply Wall St - – Full articleVCP Company Info
Description
Victoria PLC designs, manufactures, and distributes flooring products primarily in the United Kingdom and Australia. It also provides wool and synthetic broadloom carpets, flooring underlays, luxury vinyl tiles (LVT), hardwood flooring products, artificial grass, carpet tiles, and flooring accessories, as well as markets and distributes LVT and hardwood flooring products. In addition, the company offers logistics and unit trust services. It serves residential and commercial sectors. Victoria PLC was founded in 1895 and is headquartered in Kidderminster, the United Kingdom.
Details
| Name: | Victoria plc |
| VCP | |
| Exchange: | AIM |
| Founded: | 1895 |
| £588,116,638 | |
| 125,398,004 | |
| Website: | http://www.victoriaplc.com |
| Address: |
Victoria plc Worcester Road, Kidderminster, Worcestershire, DY10 1JR, United Kingdom |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| AIM | VCP | Ordinary Shares | London Stock Exchange AIM Market | GB | GBP | 02. Jan 1992 |
Number of employees
Current staff
Industry
| Home Furnishings | |
| Consumer Durables |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/23 20:41 |
| End of day share price update: | 2019/04/23 00:00 |
| Last estimates confirmation: | 2019/03/27 |
| Last earnings filing: | 2018/11/27 |
| Last earnings reported: | 2018/09/29 |
| Last annual earnings reported: | 2018/03/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
