Victrex plc, through its subsidiaries, manufactures and sells polymers worldwide. More Details
Excellent balance sheet with limited growth.
Share Price & News
How has Victrex's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VCT is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: VCT's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: VCT underperformed the UK Chemicals industry which returned 39% over the past year.
Return vs Market: VCT exceeded the UK Market which returned 17% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Victrex's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall StDid You Participate In Any Of Victrex's (LON:VCT) Fantastic 101% Return ?
2 weeks ago | Simply Wall StIs Victrex plc's (LON:VCT) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
1 month ago | Simply Wall StWe Think Victrex (LON:VCT) Can Stay On Top Of Its Debt
Is Victrex undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: VCT (£26.1) is trading above our estimate of fair value (£25.14)
Significantly Below Fair Value: VCT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: VCT is poor value based on its PE Ratio (42x) compared to the UK Chemicals industry average (35.9x).
PE vs Market: VCT is poor value based on its PE Ratio (42x) compared to the UK market (23.2x).
Price to Earnings Growth Ratio
PEG Ratio: VCT is poor value based on its PEG Ratio (3.4x)
Price to Book Ratio
PB vs Industry: VCT is overvalued based on its PB Ratio (4.7x) compared to the GB Chemicals industry average (3.5x).
How is Victrex forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VCT's forecast earnings growth (12.5% per year) is above the savings rate (0.9%).
Earnings vs Market: VCT's earnings (12.5% per year) are forecast to grow slower than the UK market (16.8% per year).
High Growth Earnings: VCT's earnings are forecast to grow, but not significantly.
Revenue vs Market: VCT's revenue (5.7% per year) is forecast to grow faster than the UK market (5.3% per year).
High Growth Revenue: VCT's revenue (5.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VCT's Return on Equity is forecast to be low in 3 years time (18%).
How has Victrex performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VCT has high quality earnings.
Growing Profit Margin: VCT's current net profit margins (20.3%) are lower than last year (29.8%).
Past Earnings Growth Analysis
Earnings Trend: VCT's earnings have declined by 5.2% per year over the past 5 years.
Accelerating Growth: VCT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: VCT had negative earnings growth (-39.8%) over the past year, making it difficult to compare to the Chemicals industry average (-11.3%).
Return on Equity
High ROE: VCT's Return on Equity (11.1%) is considered low.
How is Victrex's financial position?
Financial Position Analysis
Short Term Liabilities: VCT's short term assets (£215.6M) exceed its short term liabilities (£39.5M).
Long Term Liabilities: VCT's short term assets (£215.6M) exceed its long term liabilities (£34.9M).
Debt to Equity History and Analysis
Debt Level: VCT's debt to equity ratio (1.1%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if VCT's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: VCT's debt is well covered by operating cash flow (1627.3%).
Interest Coverage: VCT's interest payments on its debt are well covered by EBIT (706x coverage).
What is Victrex current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: VCT's dividend (1.03%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.32%).
High Dividend: VCT's dividend (1.03%) is low compared to the top 25% of dividend payers in the UK market (4.04%).
Stability and Growth of Payments
Stable Dividend: VCT's dividend payments have been volatile in the past 10 years.
Growing Dividend: VCT's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (95.9%), VCT's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: VCT's dividends in 3 years are forecast to be covered by earnings (63.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jakob Sigurdsson (57 yo)
Mr. Jakob O. Sigurdsson, BA, MBA, has been the Chief Executive Officer at Victrex plc since October 1, 2017. He has been Independent Non-Executive Director at Coats Group plc since October 1, 2020. Mr. Sig...
CEO Compensation Analysis
Compensation vs Market: Jakob's total compensation ($USD1.21M) is about average for companies of similar size in the UK market ($USD1.68M).
Compensation vs Earnings: Jakob's compensation has been consistent with company performance over the past year.
Experienced Management: VCT's management team is seasoned and experienced (5.9 years average tenure).
Experienced Board: VCT's board of directors are considered experienced (3.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: VCT insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Victrex plc's company bio, employee growth, exchange listings and data sources
- Name: Victrex plc
- Ticker: VCT
- Exchange: LSE
- Founded: 1993
- Industry: Specialty Chemicals
- Sector: Materials
- Market Cap: UK£2.265b
- Shares outstanding: 86.80m
- Website: https://www.victrexplc.com
Number of Employees
- Victrex plc
- Victrex Technology Centre
- Hillhouse International
- FY5 4QD
- United Kingdom
Victrex plc, through its subsidiaries, manufactures and sells polymers worldwide. It offers PEEK and PAEK polymer materials; and specialist solutions for medical device manufacturers. It serves automotive,...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/22 22:49|
|End of Day Share Price||2021/07/22 00:00|
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.