VCP

VictoriaAIM:VCP Stock Report

Market Cap

UK£1.1b

7D

-4.8%

1Y

203.0%

Updated

21 Sep, 2021

Data

Company Financials +
VCP fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance2/6
Financial Health1/6
Dividends0/6

VCP Overview

Victoria plc, together with its subsidiaries, designs, manufactures, and distributes flooring products primarily in the United Kingdom, Spain, the Republic of Ireland, Italy, the Netherlands, Belgium, rest of Europe, and Australia.

Victoria Competitors

Balta Group

ENXTBR:BALTA

€101.7m

Price History & Performance

Summary of all time highs, changes and price drops for Victoria
Historical stock prices
Current Share PriceUK£9.62
52 Week HighUK£2.92
52 Week LowUK£12.05
Beta1.67
1 Month Change-6.60%
3 Month Change-4.75%
1 Year Change202.99%
3 Year Change37.04%
5 Year Change194.64%
Change since IPO3,842.62%

Recent News & Updates

Jul 28
Shareholders Will Be Pleased With The Quality of Victoria's (LON:VCP) Earnings

Shareholders Will Be Pleased With The Quality of Victoria's (LON:VCP) Earnings

Even though Victoria plc's ( LON:VCP ) recent earnings release was robust, the market didn't seem to notice. Investors...

Shareholder Returns

VCPGB Consumer DurablesGB Market
7D-4.8%-0.3%-1.2%
1Y203.0%49.9%22.6%

Return vs Industry: VCP exceeded the UK Consumer Durables industry which returned 46.2% over the past year.

Return vs Market: VCP exceeded the UK Market which returned 22% over the past year.

Price Volatility

Is VCP's price volatile compared to industry and market?
VCP volatility
VCP Beta1.67
Industry Beta1.54
Market Beta1

Stable Share Price: VCP is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: VCP's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18953,500Philippe Hamershttps://www.victoriaplc.com

Victoria plc, together with its subsidiaries, designs, manufactures, and distributes flooring products primarily in the United Kingdom, Spain, the Republic of Ireland, Italy, the Netherlands, Belgium, rest of Europe, and Australia. It offers a range of wool and synthetic broadloom carpets, ceramic and porcelain tiles, 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. The company also offers logistics services.

Victoria Fundamentals Summary

How do Victoria's earnings and revenue compare to its market cap?
VCP fundamental statistics
Market CapUK£1.12b
Earnings (TTM)UK£2.80m
Revenue (TTM)UK£662.30m

401.5x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VCP income statement (TTM)
RevenueUK£662.30m
Cost of RevenueUK£427.40m
Gross ProfitUK£234.90m
ExpensesUK£232.10m
EarningsUK£2.80m

Last Reported Earnings

Apr 03, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.023
Gross Margin35.47%
Net Profit Margin0.42%
Debt/Equity Ratio349.0%

How did VCP perform over the long term?

See historical performance and comparison

Valuation

Is Victoria undervalued compared to its fair value and its price relative to the market?

401.5x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: VCP (£9.62) is trading above our estimate of fair value (£4.22)

Significantly Below Fair Value: VCP is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: VCP is poor value based on its PE Ratio (401.5x) compared to the UK Consumer Durables industry average (14.6x).

PE vs Market: VCP is poor value based on its PE Ratio (401.5x) compared to the UK market (23.3x).


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 overvalued based on its PB Ratio (5.4x) compared to the GB Consumer Durables industry average (1.6x).


Future Growth

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

10.4%

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 (0.9%).

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 (10.4% per year) is forecast to grow faster than the UK market (5% per year).

High Growth Revenue: VCP's revenue (10.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Past Performance

How has Victoria performed over the past 5 years?

-68.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VCP has a large one-off loss of £20.4M impacting its April 3 2021 financial results.

Growing Profit Margin: VCP became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: VCP has become profitable over the past 5 years, growing earnings by -68.3% per year.

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

Earnings vs Industry: VCP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Durables industry (17.3%).


Return on Equity

High ROE: VCP's Return on Equity (1.3%) is considered low.


Financial Health

How is Victoria's financial position?


Financial Position Analysis

Short Term Liabilities: VCP's short term assets (£663.3M) exceed its short term liabilities (£262.1M).

Long Term Liabilities: VCP's short term assets (£663.3M) do not cover its long term liabilities (£878.0M).


Debt to Equity History and Analysis

Debt Level: VCP's debt to equity ratio (349%) is considered high.

Reducing Debt: VCP's debt to equity ratio has increased from 110% to 349% over the past 5 years.

Debt Coverage: VCP's debt is not well covered by operating cash flow (7.7%).

Interest Coverage: VCP's interest payments on its debt are not well covered by EBIT (1.3x coverage).


Balance Sheet


Dividend

What is Victoria 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?

3.6yrs

Average management tenure


CEO

Philippe Hamers (57 yo)

4.5yrs

Tenure

UK£583,000

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 ($USD795.47K) is below average for companies of similar size in the UK market ($USD1.34M).

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


Leadership Team

Experienced Management: VCP's management team is considered experienced (3.6 years average tenure).


Board Members

Experienced Board: VCP's board of directors are considered experienced (5.7 years average tenure).


Ownership

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


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Victoria plc's 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£1.124b
  • Shares outstanding: 116.85m
  • Website: https://www.victoriaplc.com

Number of Employees


Location

  • Victoria plc
  • Worcester Road
  • Kidderminster
  • Worcestershire
  • DY10 1JR
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/21 22:32
End of Day Share Price2021/09/21 00:00
Earnings2021/04/03
Annual Earnings2021/04/03


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.