Victoria
Market Cap
UK£594.4m
Last Updated
2019/10/17 20:40 UTC
Data Sources
Company Financials +
Executive Summary
Victoria PLC designs, manufactures, and distributes flooring products primarily in the United Kingdom and Australia.
Snowflake
Fundamentals
Reasonable growth potential and overvalued.
Similar Companies
Share Price & News
How has Victoria's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-1.0%
VCP
11.0%
GB Consumer Durables
1.7%
GB Market
1 Year Return
-26.3%
VCP
15.2%
GB Consumer Durables
2.9%
GB Market
Return vs Industry: VCP underperformed the UK Consumer Durables industry which returned 15.2% over the past year.
Return vs Market: VCP underperformed the UK Market which returned 2.9% over the past year.
Shareholder returns
| VCP | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.0% | 11.0% | 1.7% |
| 30 Day | -0.9% | 6.7% | -0.7% |
| 90 Day | -10.4% | 11.8% | -1.8% |
| 1 Year | -26.3%-26.3% | 23.4%15.2% | 8.0%2.9% |
| 3 Year | 61.2%61.2% | 63.8%35.8% | 18.2%3.8% |
| 5 Year | 528.7%528.7% | 127.4%70.2% | 35.6%6.1% |
Price Volatility Vs. Market
How volatile is Victoria's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
Did The Underlying Business Drive Victoria's (LON:VCP) Lovely 584% Share Price Gain?3 weeks ago | Simply Wall St
Is Now The Time To Look At Buying Victoria plc (LON:VCP)?1 month ago | Simply Wall St
Is Victoria plc (LON:VCP) Overpaying Its CEO?Valuation
Is Victoria undervalued compared to its fair value and its price relative to the market?
32.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: VCP (£4.72) is trading below our estimate of fair value (£6.98)
Significantly Undervalued: VCP is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: VCP is unprofitable, so we can't compare its PE Ratio to the Consumer Durables industry average.
PE vs Market: VCP is unprofitable, so we can't compare its PE Ratio to the UK market.
Price to Earnings Growth Ratio
Low PEG Ratio: Insufficient data to calculate VCP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: VCP is overvalued based on its PB Ratio (1.8x) compared to the GB Consumer Durables industry average (1.5x).
Next Steps
Future Growth
How is Victoria forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
40.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VCP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.2%).
Earnings vs Market: VCP is forecast to become profitable over the next 3 year, which is considered above average market growth.
High Growth Earnings: VCP's loss is forecast to worsen by 0% next year.
Revenue vs Market: VCP's revenue (4.1% per year) is forecast to grow faster than the UK market (3.9% per year).
High Growth Revenue: VCP's revenue (4.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: VCP's Return on Equity is forecast to be low in 3 years time (13.6%).
Next Steps
Past Performance
How has Victoria performed over the past 5 years?
19.3%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: VCP is unprofitable, but has reduced losses over the past 5 years at a rate of 19.3% per year.
Accelerating Growth: Unable to compare VCP's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: VCP is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (5%).
Return on Equity
High ROE: VCP has a negative Return on Equity (-2.47%), as it is currently unprofitable.
Return on Assets
ROA vs Industry: VCP is currently unprofitable, so its Return on Assets is negative.
Return on Capital Employed
ROCE Improving: VCP is currently unprofitable, so its Return on Capital Employed is negative.
Next Steps
Financial Health
How is Victoria's financial position?
Financial Position Analysis
Short Term Liabilities: VCP's short term assets (£322.9M) exceeds its short term liabilities (£179.0M)
Long Term Liabilities: VCP's short term assets (322.9M) do not cover its long term liabilities (485.7M)
Debt to Equity History and Analysis
Debt Level: VCP's debt to equity ratio (125.4%) is considered high
Reducing Debt: VCP's debt to equity ratio has increased from 47.7% to 125.4% over the past 5 years.
Debt Coverage: VCP's debt is not well covered by operating cash flow (13.1%).
Interest Coverage: VCP is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Inventory Level: VCP has a high level of physical assets or inventory.
Debt Coverage by Assets: VCP's debt is not covered by short term assets (assets are 0.8x debt).
Next Steps
Dividend
What is Victoria's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate VCP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate VCP's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stable Dividend: Insufficient data to determine if VCP's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if VCP's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: VCP is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of VCP's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
Next Steps
Management
What is the CEO of Victoria's salary, the management and board of directors tenure and is there insider trading?
3.2yrs
Average management tenure
CEO
Philippe Hamers (55yo)
2.6yrs
Tenure
UK£848,000
Compensation
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 Ba ...
CEO Compensation Analysis
Compensation vs. Market: Philippe's total compensation ($USD1.09M) is about average for companies of similar size in the UK market ($USD1.18M).
Compensation vs Earnings: Philippe's compensation has increased whilst the company is unprofitable.
Management Age and Tenure
3.2yrs
Average Tenure
Experienced Management: VCP's management team is considered experienced (3.2 years average tenure).
Board Age and Tenure
4.4yrs
Average Tenure
48yo
Average Age
Experienced Board: VCP's board of directors are considered experienced (4.4 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 97,500 |
| Max Price | UK£4.50 |
| Entity | Individual |
| Shares | 2,500 |
| Max Price | UK£4.10 |
| Entity | Individual |
| Shares | 150,000 |
| Max Price | UK£3.20 |
| Entity | Individual |
| Shares | 200,000 |
| Max Price | UK£3.21 |
| Entity | Individual |
| Role | Chief Executive Officer CEO & Executive Director |
| Shares | 25,000 |
| Max Price | UK£3.25 |
Ownership Breakdown
Management Team
Jan Debrouwere
MD of Victoria Carpets - UK & Director of Hard Flooring
- Tenure: 0.8yrs
Chris Dragan
President of Colin Campbell & Sons Limited
- Tenure: 9.8yrs
Geoff Wilding
Executive Chairman
- Tenure: 7yrs
- Compensation: UK£523.00k
Philippe Hamers (55yo)
CEO & Executive Director
- Tenure: 2.6yrs
- Compensation: UK£848.00k
Michael Scott (38yo)
Group Finance Director & Executive Director
- Tenure: 3.8yrs
- Compensation: UK£494.00k
John Shirt
Managing Director of Westex Carpets
- Tenure: 0.8yrs
Jim Taylor
Managing Director of Abingdon Flooring
- Tenure: 0yrs
Steven Byrne
Managing Director of Abingdon Flooring
- Tenure: 0yrs
John Cooper
Managing Director of Interfloor
- Tenure: 0yrs
Phil Smith
Managing Director of Victoria Carpets - Australia
- Tenure: 6.5yrs
Board Members
Michael Oakley (79yo)
Non-Executive Chairman of The Victoria Carpet Company Pty Limited
- Tenure: 13.2yrs
- Compensation: UK£76.00k
Geoff Wilding
Executive Chairman
- Tenure: 7yrs
- Compensation: UK£523.00k
Zachary Sternberg (34yo)
Non-Executive Director
- Tenure: 0.4yrs
Andrew Harrison
Senior Independent Non-Executive Director
- Tenure: 0yrs
- Compensation: UK£35.00k
Gavin Petken (48yo)
Non-Executive Director
- Tenure: 5.1yrs
- Compensation: UK£35.00k
Philippe Hamers (55yo)
CEO & Executive Director
- Tenure: 2.6yrs
- Compensation: UK£848.00k
Michael Scott (38yo)
Group Finance Director & Executive Director
- Tenure: 3.8yrs
- Compensation: UK£494.00k
Company Information
Victoria plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Victoria plc
- Ticker: VCP
- Exchange: AIM
- Founded: 1895
- Industry: Home Furnishings
- Sector: Consumer Durables
- Market Cap: UK£594.387m
- Shares outstanding: 125.40m
- Website: https://www.victoriaplc.com
Number of Employees
Location
- Victoria plc
- Worcester Road
- Kidderminster
- Worcestershire
- DY10 1JR
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| VCP | AIM (London Stock Exchange AIM Market) | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
Biography
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 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/17 20:40 |
| End of Day Share Price | 2019/10/17 00:00 |
| Earnings | 2019/03/30 |
| Annual Earnings | 2019/03/30 |
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.