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Victoria

AIM:VCP
Snowflake Description

Reasonable growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VCP
AIM
£588M
Market Cap
  1. Home
  2. GB
  3. Consumer Durables
Company description

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
2%
AIM:VCP
0.2%
GB Consumer Durables
0.5%
GB Market
1 Year Returns
-41.8%
AIM:VCP
-6.1%
GB Consumer Durables
0.8%
GB Market
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.
Price Volatility
VCP
Industry
5yr Volatility vs Market

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Victoria.

AIM:VCP Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for AIM:VCP
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.

AIM:VCP DCF 1st Stage: Next 10 year cash flow forecast
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
AIM:VCP DCF 2nd Stage: Terminal Value
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
AIM:VCP Total Equity Value
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
AIM:VCP Discount to Share Price
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
Amount off the current price Victoria is available for.
Intrinsic value
35%
Share price is £4.69 vs Future cash flow value of £7.24
Current Discount Checks
For Victoria to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
AIM:VCP PE (Price to Earnings) Ratio Data Sources
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.

AIM:VCP PE (Price to Earnings) Ratio Calculation
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?
Raw Data
AIM:VCP PEG (Price to Earnings to Growth) Ratio Data Sources
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 .

AIM:VCP PEG (Price to Earnings to Growth) Ratio Calculation
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?
Raw Data
AIM:VCP PB (Price to Book) Ratio Data Sources
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
AIM:VCP PB (Price to Book) Ratio Calculation
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.
X
Value checks
We assess Victoria's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check)
  5. 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!
Annual Growth Rate
74.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Victoria expected to grow at an attractive rate?
  • 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
Raw Data
AIM:VCP Future Growth Rates Data Sources
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
Raw Data
AIM:VCP Analysts Growth Expectations Data Sources
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 numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:VCP Future Estimates Data
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
AIM:VCP Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Victoria's earnings are expected to grow significantly at over 20% yearly.
  • Victoria's revenue is expected to grow by 6.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AIM:VCP 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.

AIM:VCP Future Estimates Data
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
AIM:VCP Past Financials Data
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.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Victoria is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Victoria's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. 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)
  3. 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)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Victoria's growth in the last year to its industry (Consumer Durables).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
Victoria's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Victoria Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:VCP Past Revenue, Cash Flow and Net Income Data
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).
X
Past performance checks
We assess Victoria's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Victoria's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from Victoria Company Filings, last reported 6 months ago.

AIM:VCP Past Debt and Equity Data
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).
X
Financial health checks
We assess Victoria's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Victoria has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
0%
Current annual income from Victoria dividends. Estimated to be 0% next year.
If you bought £2,000 of Victoria shares you are expected to receive £0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Raw Data
AIM:VCP Annualized Past and Future Dividends
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.

AIM:VCP Future Dividends Estimate Data
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
AIM:VCP Past Annualized Dividends Data
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.
Current Payout to shareholders
What portion of Victoria's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Victoria has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Victoria's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess Victoria's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of Victoria's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Philippe Hamers
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:

3.3
Average Tenure
  • The tenure for the Victoria management team is about average.
Management Team

Geoff Wilding

TITLE
Executive Chairman
COMPENSATION
£65K

Philippe Hamers

TITLE
CEO & Executive Director
COMPENSATION
£580K
AGE
54
TENURE
2.1 yrs

Michael Scott

TITLE
Group Finance Director & Executive Director
COMPENSATION
£366K
AGE
37
TENURE
3.3 yrs

John Snee

TITLE
Joint Managing Director of Westex Carpets

John Shirt

TITLE
Joint Managing Director of Westex Carpets

Jim Taylor

TITLE
Managing Director of Abingdon Flooring

Steven Byrne

TITLE
Managing Director of Abingdon Flooring

John Cooper

TITLE
Managing Director of Interfloor

Phil Hartley

TITLE
Managing Director of Victoria Carpets - UK
TENURE
3.3 yrs

Phil Smith

TITLE
Managing Director of Victoria Carpets - Australia
TENURE
6 yrs
Board of Directors Tenure

Average tenure and age of the Victoria board of directors in years:

5.5
Average Tenure
54
Average Age
  • The tenure for the Victoria board of directors is about average.
Board of Directors

Geoff Wilding

TITLE
Executive Chairman
COMPENSATION
£65K
TENURE
6.5 yrs

Philippe Hamers

TITLE
CEO & Executive Director
COMPENSATION
£580K
AGE
54
TENURE
2.1 yrs

Michael Scott

TITLE
Group Finance Director & Executive Director
COMPENSATION
£366K
AGE
37
TENURE
3.3 yrs

Michael Oakley

TITLE
Non-Executive Chairman of The Victoria Carpet Company Pty Limited
COMPENSATION
£76K
AGE
78
TENURE
12.7 yrs

Ian Anton

TITLE
Non-Executive Director
AGE
58
TENURE
6.5 yrs

Andrew Harrison

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£35K

Gavin Petken

TITLE
Non-Executive Director
COMPENSATION
£35K
AGE
47
TENURE
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
X
Management checks
We assess Victoria's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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 -

Is 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 -

How 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 -

Does 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 -

Investors 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 -

What 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 -

Are 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 -

Should 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 -

Will 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 -

What 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 -

VCP 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
Staff numbers
3,000
Victoria employees.
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.