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VID

Videndum LSE:VID Stock Report

Last Price

UK£11.64

Market Cap

UK£534.7m

7D

-15.7%

1Y

-22.9%

Updated

28 Sep, 2022

Data

Company Financials +
VID fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance4/6
Financial Health4/6
Dividends4/6

VID Stock Overview

Videndum Plc designs, manufactures, and distributes products and services that enable end users to capture and share exceptional content for the broadcast, cinematic, video, photographic, and smartphone applications worldwide.

Videndum Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Videndum
Historical stock prices
Current Share PriceUK£11.64
52 Week HighUK£15.56
52 Week LowUK£10.40
Beta0.93
1 Month Change-16.50%
3 Month Change-11.28%
1 Year Change-22.91%
3 Year Change-4.59%
5 Year Change5.34%
Change since IPO356.47%

Recent News & Updates

Sep 27
Videndum Plc (LON:VID) Shares Could Be 44% Below Their Intrinsic Value Estimate

Videndum Plc (LON:VID) Shares Could Be 44% Below Their Intrinsic Value Estimate

Today we will run through one way of estimating the intrinsic value of Videndum Plc ( LON:VID ) by taking the expected...

Aug 02
Videndum (LON:VID) Could Be Struggling To Allocate Capital

Videndum (LON:VID) Could Be Struggling To Allocate Capital

What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...

Jun 09
Is It Too Late To Consider Buying Videndum Plc (LON:VID)?

Is It Too Late To Consider Buying Videndum Plc (LON:VID)?

Videndum Plc ( LON:VID ), might not be a large cap stock, but it led the LSE gainers with a relatively large price hike...

Shareholder Returns

VIDGB Consumer DurablesGB Market
7D-15.7%-11.6%-3.5%
1Y-22.9%-44.4%-14.9%

Return vs Industry: VID exceeded the UK Consumer Durables industry which returned -45.5% over the past year.

Return vs Market: VID underperformed the UK Market which returned -14.5% over the past year.

Price Volatility

Is VID's price volatile compared to industry and market?
VID volatility
VID Average Weekly Movement4.4%
Consumer Durables Industry Average Movement5.7%
Market Average Movement5.3%
10% most volatile stocks in GB Market10.7%
10% least volatile stocks in GB Market2.7%

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

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

About the Company

FoundedEmployeesCEOWebsite
19092,000Steve Birdhttps://www.videndum.com

Videndum Plc designs, manufactures, and distributes products and services that enable end users to capture and share exceptional content for the broadcast, cinematic, video, photographic, and smartphone applications worldwide. It operates through three divisions: Imaging Solutions, Production Solutions, and Creative Solutions. The Imaging Solutions division offers equipment for photographic and video cameras, and smartphones; and solutions to professional and amateur photographers/videographers, independent content creators (ICCs), vloggers/influencers, gamers, enterprises, and professional sound crews comprising camera supports and heads, smartphone accessories, lighting supports, light-emitting diode (LED) lighting, lighting controls, motion controls, audio capture and noise reduction equipment, and camera bags and backgrounds.

Videndum Fundamentals Summary

How do Videndum's earnings and revenue compare to its market cap?
VID fundamental statistics
Market CapUK£534.73m
Earnings (TTM)UK£27.60m
Revenue (TTM)UK£436.50m

19.4x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VID income statement (TTM)
RevenueUK£436.50m
Cost of RevenueUK£245.20m
Gross ProfitUK£191.30m
Other ExpensesUK£163.70m
EarningsUK£27.60m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.60
Gross Margin43.83%
Net Profit Margin6.32%
Debt/Equity Ratio93.0%

How did VID perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

58%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is VID undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VID?

Other financial metrics that can be useful for relative valuation.

VID key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.7x
Enterprise Value/EBITDA12.2x
PEG Ratio1.1x

Price to Earnings Ratio vs Peers

How does VID's PE Ratio compare to its peers?

VID PE Ratio vs Peers
The above table shows the PE ratio for VID vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.2x
TUNE Focusrite
18.2x-2.7%UK£408.6m
CRN Cairn Homes
9x12.5%UK£515.1m
DFS DFS Furniture
6.4x18.5%UK£281.8m
RDW Redrow
7.1x11.5%UK£1.4b
VID Videndum
19.4x16.9%UK£534.7m

Price-To-Earnings vs Peers: VID is expensive based on its Price-To-Earnings Ratio (19.4x) compared to the peer average (10.2x).


Price to Earnings Ratio vs Industry

How does VID's PE Ratio compare vs other companies in the GB Consumer Durables Industry?

Price-To-Earnings vs Industry: VID is expensive based on its Price-To-Earnings Ratio (19.4x) compared to the European Consumer Durables industry average (8.6x)


Price to Earnings Ratio vs Fair Ratio

What is VID's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VID PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.4x
Fair PE Ratio14.6x

Price-To-Earnings vs Fair Ratio: VID is expensive based on its Price-To-Earnings Ratio (19.4x) compared to the estimated Fair Price-To-Earnings Ratio (14.6x).


Share Price vs Fair Value

What is the Fair Price of VID when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: VID (£11.64) is trading below our estimate of fair value (£21.95)

Significantly Below Fair Value: VID is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Videndum forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


16.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VID's forecast earnings growth (16.9% per year) is above the savings rate (0.9%).

Earnings vs Market: VID's earnings (16.9% per year) are forecast to grow faster than the UK market (9% per year).

High Growth Earnings: VID's earnings are forecast to grow, but not significantly.

Revenue vs Market: VID's revenue (7.5% per year) is forecast to grow faster than the UK market (4.5% per year).

High Growth Revenue: VID's revenue (7.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VID's Return on Equity is forecast to be high in 3 years time (21.4%)


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Past Performance

How has Videndum performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-4.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: VID has high quality earnings.

Growing Profit Margin: VID's current net profit margins (6.3%) are higher than last year (4.4%).


Past Earnings Growth Analysis

Earnings Trend: VID's earnings have declined by 4.1% per year over the past 5 years.

Accelerating Growth: VID's earnings growth over the past year (79.2%) exceeds its 5-year average (-4.1% per year).

Earnings vs Industry: VID earnings growth over the past year (79.2%) exceeded the Consumer Durables industry 18.4%.


Return on Equity

High ROE: VID's Return on Equity (13.7%) is considered low.


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Financial Health

How is Videndum's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: VID's short term assets (£212.4M) exceed its short term liabilities (£150.0M).

Long Term Liabilities: VID's short term assets (£212.4M) exceed its long term liabilities (£203.8M).


Debt to Equity History and Analysis

Debt Level: VID's net debt to equity ratio (77.5%) is considered high.

Reducing Debt: VID's debt to equity ratio has increased from 51.3% to 93% over the past 5 years.

Debt Coverage: VID's debt is well covered by operating cash flow (30.6%).

Interest Coverage: VID's interest payments on its debt are well covered by EBIT (7.3x coverage).


Balance Sheet


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Dividend

What is Videndum current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.35%

Current Dividend Yield

Dividend Yield vs Market

Videndum Dividend Yield vs Market
How does Videndum dividend yield compare to the market?
SegmentDividend Yield
Company (Videndum)3.4%
Market Bottom 25% (GB)2.1%
Market Top 25% (GB)6.1%
Industry Average (Consumer Durables)9.0%
Analyst forecast in 3 Years (Videndum)3.6%

Notable Dividend: VID's dividend (3.35%) is higher than the bottom 25% of dividend payers in the UK market (2.1%).

High Dividend: VID's dividend (3.35%) is low compared to the top 25% of dividend payers in the UK market (6.06%).


Stability and Growth of Payments

Stable Dividend: VID's dividend payments have been volatile in the past 10 years.

Growing Dividend: VID's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (58.3%), VID's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (49.1%), VID's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

7.7yrs

Average management tenure


CEO

Steve Bird (61 yo)

13.42yrs

Tenure

UK£1,166,196

Compensation

Mr. Stephen Clive Bird, also known as Steve, BSc, MBA, MA, has been Group Chief Executive at Videndum Plc (formerly known as The Vitec Group plc) since April 14, 2009. He has been Independent Non-Executive...


CEO Compensation Analysis

Steve Bird's Compensation vs Videndum Earnings
How has Steve Bird's remuneration changed compared to Videndum's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

UK£28m

Mar 31 2022n/an/a

UK£27m

Dec 31 2021UK£1mUK£475k

UK£26m

Sep 30 2021n/an/a

UK£21m

Jun 30 2021n/an/a

UK£15m

Mar 31 2021n/an/a

UK£5m

Dec 31 2020UK£702kUK£446k

-UK£5m

Sep 30 2020n/an/a

-UK£3m

Jun 30 2020n/an/a

-UK£1m

Mar 31 2020n/an/a

UK£9m

Dec 31 2019UK£1mUK£463k

UK£20m

Sep 30 2019n/an/a

UK£25m

Jun 30 2019n/an/a

UK£29m

Mar 31 2019n/an/a

UK£32m

Dec 31 2018UK£2mUK£452k

UK£34m

Sep 30 2018n/an/a

UK£24m

Jun 30 2018n/an/a

UK£14m

Mar 31 2018n/an/a

UK£12m

Dec 31 2017UK£2mUK£441k

UK£11m

Sep 30 2017n/an/a

UK£12m

Jun 30 2017n/an/a

UK£30m

Mar 31 2017n/an/a

UK£28m

Dec 31 2016UK£962kUK£430k

UK£25m

Sep 30 2016n/an/a

UK£11m

Jun 30 2016n/an/a

UK£13m

Mar 31 2016n/an/a

UK£13m

Dec 31 2015UK£636kUK£420k

UK£13m

Compensation vs Market: Steve's total compensation ($USD1.25M) is about average for companies of similar size in the UK market ($USD1.06M).

Compensation vs Earnings: Steve's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: VID's management team is seasoned and experienced (7.7 years average tenure).


Board Members

Experienced Board: VID'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.


Ownership Breakdown

What is the ownership structure of VID?
Owner TypeNumber of SharesOwnership Percentage
Public Companies28,4260.06%
Employee Share Scheme193,0730.4%
Individual Insiders512,5011.1%
General Public1,614,0383.5%
Private Companies1,743,7343.8%
Institutions41,847,48891.1%

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


Top Shareholders

Top 25 shareholders own 86.34% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
21.52%
Alantra Eqmc Asset Management, Sgiic, S.A
9,884,978£115.1m-6.96%21.63%
7.1%
Aberforth Partners LLP
3,259,676£37.9m-1.53%2.48%
6.74%
Schroder Investment Management Limited
3,098,290£36.1m0.32%0.04%
4.84%
BlackRock, Inc.
2,222,997£25.9m4.87%no data
4.33%
Martin Currie Limited
1,988,000£23.1m-6.93%0.37%
3.91%
U.S. Bancorp Asset Management, Inc.
1,794,917£20.9m-1.14%0.06%
3.8%
Gidema S.P.A.
1,743,734£20.3m0%no data
3.6%
Royal London Asset Management Limited
1,651,573£19.2m24.02%0.05%
3.54%
Chelverton Asset Management Limited
1,627,500£18.9m0%1.29%
3.44%
BennBridge Ltd
1,578,653£18.4m-4.59%5.06%
3.06%
Invesco Ltd.
1,403,456£16.3m1.12%0.01%
2.99%
Mercer Global Investments Europe Limited
1,373,691£16.0m0%0.08%
2.84%
Eurizon Capital SGR S.p.A.
1,306,902£15.2m0%0.08%
2.75%
Janus Henderson Group plc
1,262,936£14.7m-1.11%0.01%
1.69%
Legal & General Investment Management Limited
776,652£9.0m-1.57%no data
1.55%
Artemis Investment Management LLP
709,774£8.3m0%0.05%
1.24%
N.F.U. Mutual Unit Managers Limited
570,461£6.6m10.54%0.22%
1.11%
Charles Stanley & Co. Ltd, Asset Management Arm
510,281£5.9m1.86%0.07%
1.09%
Rights and Issues Investment Trust Public Limited Company
500,000£5.8m0%4.58%
1.06%
Aviva Investors Global Services Limited
485,511£5.7m56.59%0.01%
1.05%
M&G Investment Management Limited
482,885£5.6m-18.22%0.02%
0.99%
Dimensional Fund Advisors LP
456,012£5.3m0.44%no data
0.81%
Canaccord Genuity Wealth (International) Limited
370,960£4.3m1.63%0.09%
0.69%
Lupus Alpha Asset Management GmbH
315,000£3.7m9%0.46%
0.63%
Investec Wealth & Investment Limited
290,710£3.4m-1.39%0.04%

Company Information

Videndum Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Videndum Plc
  • Ticker: VID
  • Exchange: LSE
  • Founded: 1909
  • Industry: Consumer Electronics
  • Sector: Consumer Durables
  • Implied Market Cap: UK£534.733m
  • Shares outstanding: 45.94m
  • Website: https://www.videndum.com

Number of Employees


Location

  • Videndum Plc
  • Bridge House
  • Heron Square
  • Richmond
  • Greater London
  • TW9 1EN
  • United Kingdom


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VIDLSE (London Stock Exchange)YesOrdinary SharesGBGBPJan 1992
VTEP.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.