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VTC

Vitec GroupLSE:VTC Stock Report

Market Cap

UK£676.5m

7D

1.4%

1Y

66.5%

Updated

30 Nov, 2021

Data

Company Financials +
VTC fundamental analysis
Snowflake Score
Valuation1/6
Future Growth5/6
Past Performance2/6
Financial Health5/6
Dividends0/6

VTC Stock Overview

The Vitec Group 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.

Price History & Performance

Summary of all time highs, changes and price drops for Vitec Group
Historical stock prices
Current Share PriceUK£14.65
52 Week HighUK£16.61
52 Week LowUK£8.04
Beta1.12
1 Month Change1.74%
3 Month Change-6.98%
1 Year Change66.48%
3 Year Change19.59%
5 Year Change130.71%
Change since IPO474.51%

Recent News & Updates

Aug 20
The Strong Earnings Posted By Vitec Group (LON:VTC) Are A Good Indication Of The Strength Of The Business

The Strong Earnings Posted By Vitec Group (LON:VTC) Are A Good Indication Of The Strength Of The Business

Even though The Vitec Group plc's ( LON:VTC ) recent earnings release was robust, the market didn't seem to notice...

Shareholder Returns

VTCGB Consumer DurablesGB Market
7D1.4%-1.9%-2.6%
1Y66.5%0.6%10.9%

Return vs Industry: VTC exceeded the UK Consumer Durables industry which returned 7.1% over the past year.

Return vs Market: VTC exceeded the UK Market which returned 13.8% over the past year.

Price Volatility

Is VTC's price volatile compared to industry and market?
VTC volatility
VTC Average Weekly Movement3.2%
Consumer Durables Industry Average Movement3.6%
Market Average Movement4.9%
10% most volatile stocks in GB Market9.8%
10% least volatile stocks in GB Market2.5%

Stable Share Price: VTC is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: VTC's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19091,800Steve Birdhttps://www.vitecgroup.com

The Vitec Group 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 image makers, independent content creators (ICCs), professional influencers, enterprises, and vloggers, including camera supports and heads, camera bags, smartphone accessories, lighting supports, light-emitting diode (LED) lights, lighting controls, motion controls, and audio capture and noise reduction equipment.

Vitec Group Fundamentals Summary

How do Vitec Group's earnings and revenue compare to its market cap?
VTC fundamental statistics
Market CapUK£676.53m
Earnings (TTM)UK£15.40m
Revenue (TTM)UK£353.00m

43.9x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VTC income statement (TTM)
RevenueUK£353.00m
Cost of RevenueUK£204.20m
Gross ProfitUK£148.80m
ExpensesUK£133.40m
EarningsUK£15.40m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Mar 01, 2022

Earnings per share (EPS)0.33
Gross Margin42.15%
Net Profit Margin4.36%
Debt/Equity Ratio58.6%

How did VTC perform over the long term?

See historical performance and comparison

Dividends

0.7%

Current Dividend Yield

46%

Payout Ratio

Valuation

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

0.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: VTC (£14.65) is trading below our estimate of fair value (£14.7)

Significantly Below Fair Value: VTC is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: VTC is poor value based on its PE Ratio (43.9x) compared to the UK Consumer Durables industry average (12.3x).

PE vs Market: VTC is poor value based on its PE Ratio (43.9x) compared to the UK market (19x).


Price to Earnings Growth Ratio

PEG Ratio: VTC is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: VTC is overvalued based on its PB Ratio (4.2x) compared to the GB Consumer Durables industry average (1.4x).


Future Growth

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

20.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VTC's forecast earnings growth (20.5% per year) is above the savings rate (0.9%).

Earnings vs Market: VTC's earnings (20.5% per year) are forecast to grow faster than the UK market (12.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: VTC's revenue (7% per year) is forecast to grow faster than the UK market (4.9% per year).

High Growth Revenue: VTC's revenue (7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VTC's Return on Equity is forecast to be high in 3 years time (20.7%)


Past Performance

How has Vitec Group performed over the past 5 years?

-17.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VTC has high quality earnings.

Growing Profit Margin: VTC became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: VTC's earnings have declined by 17.5% per year over the past 5 years.

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

Earnings vs Industry: VTC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Durables industry (57.9%).


Return on Equity

High ROE: VTC's Return on Equity (9.6%) is considered low.


Financial Health

How is Vitec Group's financial position?


Financial Position Analysis

Short Term Liabilities: VTC's short term assets (£157.8M) exceed its short term liabilities (£89.1M).

Long Term Liabilities: VTC's short term assets (£157.8M) exceed its long term liabilities (£132.3M).


Debt to Equity History and Analysis

Debt Level: VTC's net debt to equity ratio (48%) is considered high.

Reducing Debt: VTC's debt to equity ratio has reduced from 69.8% to 58.6% over the past 5 years.

Debt Coverage: VTC's debt is well covered by operating cash flow (51.2%).

Interest Coverage: VTC's interest payments on its debt are well covered by EBIT (7x coverage).


Balance Sheet


Dividend

What is Vitec Group current dividend yield, its reliability and sustainability?

0.75%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: VTC's dividend (0.75%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.37%).

High Dividend: VTC's dividend (0.75%) is low compared to the top 25% of dividend payers in the UK market (4.17%).


Stability and Growth of Payments

Stable Dividend: VTC is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.

Growing Dividend: VTC is not paying a notable dividend for the UK market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: VTC is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of VTC'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?

5.3yrs

Average management tenure


CEO

Steve Bird (60 yo)

12.67yrs

Tenure

UK£701,744

Compensation

Mr. Stephen Clive Bird, also known as Steve, BSc, MBA, MA, has been Group Chief Executive at The Vitec Group plc since April 14, 2009. He has been Non-Executive Director of Headlam Group plc since Septembe...


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD929.15K) is about average for companies of similar size in the UK market ($USD1.03M).

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


Leadership Team

Experienced Management: VTC's management team is seasoned and experienced (5.3 years average tenure).


Board Members

Experienced Board: VTC's board of directors are considered experienced (3.6 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

The Vitec Group plc's employee growth, exchange listings and data sources


Key Information

  • Name: The Vitec Group plc
  • Ticker: VTC
  • Exchange: LSE
  • Founded: 1909
  • Industry: Consumer Electronics
  • Sector: Consumer Durables
  • Market Cap: UK£676.534m
  • Shares outstanding: 46.18m
  • Website: https://www.vitecgroup.com

Number of Employees


Location

  • The Vitec Group plc
  • Bridge House
  • Heron Square
  • Richmond
  • Greater London
  • TW9 1EN
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 21:37
End of Day Share Price2021/11/30 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.