Victoria
Market Cap
UK£258.3m
Last Updated
2020/06/01 21:11 UTC
Data Sources
Company Financials +
Executive Summary
Victoria PLC designs, manufactures, and distributes flooring products primarily in the United Kingdom and Australia.
Risk Analysis
Snowflake Analysis
Overvalued with worrying balance sheet.
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
Stable Share Price: VCP's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
1.5%
VCP
4.6%
GB Consumer Durables
2.8%
GB Market
1 Year Return
-57.5%
VCP
-3.4%
GB Consumer Durables
-11.0%
GB Market
Return vs Industry: VCP underperformed the UK Consumer Durables industry which returned -6% over the past year.
Return vs Market: VCP underperformed the UK Market which returned -12.8% over the past year.
Shareholder returns
| VCP | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.5% | 4.6% | 2.8% |
| 30 Day | 1.7% | 0.2% | 8.4% |
| 90 Day | -42.0% | -26.9% | -7.9% |
| 1 Year | -57.5%-57.5% | 1.0%-3.4% | -6.7%-11.0% |
| 3 Year | -62.8%-62.8% | 5.6%-10.0% | -3.7%-15.4% |
| 5 Year | 4.6%4.6% | 31.0%1.2% | 15.4%-10.4% |
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
1 week ago | Simply Wall St
Is Now The Time To Look At Buying Victoria plc (LON:VCP)?4 weeks ago | Simply Wall St
Introducing Victoria (LON:VCP), The Stock That Slid 62% In The Last Three Years1 month ago | Simply Wall St
Victoria (LON:VCP) Has A Somewhat Strained Balance SheetValuation
Is Victoria undervalued compared to its fair value and its price relative to the market?
0.8x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: VCP (£2.06) is trading above our estimate of fair value (£2.05)
Significantly Below Fair Value: VCP is trading above our estimate of fair value.
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
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 good value based on its PB Ratio (0.8x) compared to the GB Consumer Durables industry average (1x).
Next Steps
Future Growth
How is Victoria forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
-0.5%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if VCP's forecast earnings growth is above the savings rate (1.2%).
Earnings vs Market: Insufficient data to determine if VCP's earnings are forecast to grow faster than the UK market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: VCP's revenue is expected to decline over the next 3 years (-0.5% per year).
High Growth Revenue: VCP's revenue is forecast to decline over the next 3 years (-0.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if VCP's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Victoria performed over the past 5 years?
-6.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VCP is currently unprofitable.
Growing Profit Margin: VCP is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: VCP is unprofitable, and losses have increased over the past 5 years at a rate of -6.2% 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 (-6.6%).
Return on Equity
High ROE: VCP has a negative Return on Equity (-1.45%), as it is currently unprofitable.
Next Steps
Financial Health
How is Victoria's financial position?
Financial Position Analysis
Short Term Liabilities: VCP's short term assets (£370.9M) exceed its short term liabilities (£192.6M).
Long Term Liabilities: VCP's short term assets (£370.9M) do not cover its long term liabilities (£593.0M).
Debt to Equity History and Analysis
Debt Level: VCP's debt to equity ratio (138.4%) is considered high.
Reducing Debt: VCP's debt to equity ratio has increased from 125.1% to 138.4% over the past 5 years.
Debt Coverage: VCP's debt is not well covered by operating cash flow (15.1%).
Interest Coverage: VCP is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Victoria's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate VCP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate VCP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
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
How experienced are the management team and are they aligned to shareholders interests?
3.3yrs
Average management tenure
CEO
Philippe Hamers (55yo)
3.25yrs
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 ($USD1.06M) is about average for companies of similar size in the UK market ($USD927.10K).
Compensation vs Earnings: Philippe's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 7.67yrs | UK£523.00k | 17.89% £46.2m | |
| CEO & Executive Director | 3.25yrs | UK£848.00k | 0.15% £381.1k | |
| Group Finance Director & Executive Director | 4.42yrs | UK£494.00k | 0.33% £858.4k | |
| Managing Director of Westex Carpets | 1.42yrs | no data | no data | |
| Managing Director of Abingdon Flooring | no data | no data | no data | |
| Managing Director of Interfloor | no data | no data | no data | |
| Managing Director of Victoria Carpets - Australia | 7.17yrs | no data | no data | |
| MD of Victoria Carpets - UK & Director of Hard Flooring | 1.42yrs | no data | no data | |
| President of Colin Campbell & Sons Limited | 10.42yrs | no data | no data | |
| Managing Director of Quest Flooring | 2.42yrs | no data | no data |
3.3yrs
Average Tenure
Experienced Management: VCP's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 7.67yrs | UK£523.00k | 17.89% £46.2m | |
| CEO & Executive Director | 3.25yrs | UK£848.00k | 0.15% £381.1k | |
| Group Finance Director & Executive Director | 4.42yrs | UK£494.00k | 0.33% £858.4k | |
| Non-Executive Chairman of The Victoria Carpet Company Pty Limited | 13.83yrs | UK£76.00k | no data | |
| Non-Executive Director | 1.08yrs | no data | no data | |
| Senior Independent Non-Executive Director | no data | UK£35.00k | 0.17% £427.9k | |
| Non-Executive Director | 5.75yrs | UK£35.00k | no data |
5.1yrs
Average Tenure
48yo
Average Age
Experienced Board: VCP's board of directors are considered experienced (5.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: VCP insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
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£258.320m
- 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 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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/01 21:11 |
| End of Day Share Price | 2020/06/01 00:00 |
| Earnings | 2019/09/28 |
| 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.