New Risk • May 24
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 55% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (55% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (UK£95k sold). Reported Earnings • May 20
First quarter 2026 earnings released: EPS: UK£0.011 (vs UK£0.01 in 1Q 2025) First quarter 2026 results: EPS: UK£0.011 (up from UK£0.01 in 1Q 2025). Revenue: UK£84.4m (up 11% from 1Q 2025). Net income: UK£3.25m (up 12% from 1Q 2025). Profit margin: 3.9% (up from 3.8% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jan 29
Upcoming dividend of UK£0.015 per share Eligible shareholders must have bought the stock before 05 February 2026. Payment date: 04 March 2026. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of British dividend payers (5.4%). Lower than average of industry peers (3.6%). New Risk • Dec 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Announcement • Dec 05
Victorian Plumbing Group plc Recommends Final Dividend for the Year Ended 30 September, 2025, Payable on 4 March 2026 The board of Victorian Plumbing Group plc is recommending a full year final ordinary dividend of 1.45 pence per share for the year ended 30 September, 2025 (2024: 1.09 pence per share) subject to shareholders' approval at the AGM on 25 February 2026. The dividends will be paid on 4 March 2026 to shareholders on the register of members at the close of business on 6 February 2026. Reported Earnings • Dec 04
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: UK£0.042 (up from UK£0.018 in FY 2024). Revenue: UK£310.0m (up 4.8% from FY 2024). Net income: UK£12.9m (up 135% from FY 2024). Profit margin: 4.2% (up from 1.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 27%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Dec 04
Victorian Plumbing Group plc, Annual General Meeting, Feb 25, 2026 Victorian Plumbing Group plc, Annual General Meeting, Feb 25, 2026. Announcement • Oct 07
Victorian Plumbing Group plc to Report Fiscal Year 2025 Results on Dec 03, 2025 Victorian Plumbing Group plc announced that they will report fiscal year 2025 results on Dec 03, 2025 Price Target Changed • Jul 17
Price target decreased by 10.0% to UK£1.03 Down from UK£1.15, the current price target is an average from 8 analysts. New target price is 42% above last closing price of UK£0.72. Stock is down 20% over the past year. The company is forecast to post earnings per share of UK£0.035 for next year compared to UK£0.018 last year. New Risk • Jul 08
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 176% Dividend yield: 2.2% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (176% cash payout ratio). Share price has been volatile over the past 3 months (9.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.2% net profit margin). Significant insider selling over the past 3 months (UK£208k sold). Recent Insider Transactions • Jul 04
Independent Chairman recently sold UK£138k worth of stock On the 2nd of July, Philip Bowcock sold around 181k shares on-market at roughly UK£0.76 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Philip has been a net seller over the last 12 months, reducing personal holdings by UK£307k. New Risk • Jun 24
New major risk - Revenue and earnings growth Earnings have declined by 24% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 24% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.2% net profit margin). Significant insider selling over the past 3 months (UK£70k sold). Recent Insider Transactions • Jun 19
CFO & Director recently sold UK£70k worth of stock On the 16th of June, Daniel Barton sold around 90k shares on-market at roughly UK£0.78 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Daniel has been a net seller over the last 12 months, reducing personal holdings by UK£60k. Major Estimate Revision • Jun 10
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from UK£0.042 to UK£0.035 per share. Revenue forecast steady at UK£311.0m. Net income forecast to grow 93% next year vs 55% growth forecast for Specialty Retail industry in the United Kingdom. Consensus price target down from UK£1.15 to UK£1.08. Share price rose 4.8% to UK£0.78 over the past week. Price Target Changed • Jun 09
Price target decreased by 12% to UK£1.08 Down from UK£1.22, the current price target is an average from 8 analysts. New target price is 40% above last closing price of UK£0.77. Stock is down 11% over the past year. The company is forecast to post earnings per share of UK£0.035 for next year compared to UK£0.018 last year. Major Estimate Revision • May 21
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from UK£317.2m to UK£311.6m. EPS estimate also fell from UK£0.049 per share to UK£0.042 per share. Net income forecast to grow 126% next year vs 47% growth forecast for Specialty Retail industry in the United Kingdom. Consensus price target down from UK£1.21 to UK£1.15. Share price rose 3.7% to UK£0.84 over the past week. Reported Earnings • May 20
First half 2025 earnings released: EPS: UK£0.019 (vs UK£0.015 in 1H 2024) First half 2025 results: EPS: UK£0.019 (up from UK£0.015 in 1H 2024). Revenue: UK£152.7m (up 5.6% from 1H 2024). Net income: UK£5.80m (up 29% from 1H 2024). Profit margin: 3.8% (up from 3.1% in 1H 2024). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Declared Dividend • May 16
First half dividend increased to UK£0.007 Dividend of UK£0.007 is 35% higher than last year. Ex-date: 17th July 2025 Payment date: 15th August 2025 Dividend yield will be 2.3%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (82% earnings payout ratio) but not covered by cash flows (175% cash payout ratio). The dividend has increased by an average of 21% per year over the past 2 years. However, payments have been volatile during that time. EPS is expected to grow by 150% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • May 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (59% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Profit margins are more than 30% lower than last year (1.9% net profit margin). Buy Or Sell Opportunity • May 13
Now 21% undervalued Over the last 90 days, the stock has risen 3.0% to UK£1.04. The fair value is estimated to be UK£1.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has declined by 4.4%. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings are also forecast to grow by 36% per annum over the same time period. Buy Or Sell Opportunity • Feb 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to UK£1.00. The fair value is estimated to be UK£1.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has declined by 4.4%. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings are also forecast to grow by 38% per annum over the same time period. Upcoming Dividend • Jan 31
Upcoming dividend of UK£0.011 per share Eligible shareholders must have bought the stock before 06 February 2025. Payment date: 07 March 2025. Payout ratio is on the higher end at 89% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (3.9%). Declared Dividend • Jan 17
Final dividend increased to UK£0.011 Dividend of UK£0.011 is 15% higher than last year. Ex-date: 6th February 2025 Payment date: 7th March 2025 Dividend yield will be 1.6%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (89% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 21% per year over the past 2 years. However, payments have been volatile during that time. EPS is expected to grow by 134% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jan 16
Victorian Plumbing Group plc Recommends Final Dividend for the Year Ended 30 September 2024, Payable on 7 March 2025 Victorian Plumbing Group plc announced in order to distribute a total ordinary dividend for the year ended 30 September 2024 of 1.61 pence per share (2023: 1.40 pence per share), which would represent growth of 15%, the board is recommending a full year final ordinary dividend of 1.09 pence per share (2023: 0.95 pence per share). The Board is not recommending a special dividend (2023: nil pence per share) as it prioritizes the preservation of cash to finance the fit-out of the warehouse transformation, without the need for indebtedness and to maintain the robustness of the balance sheet. This results in a total cash distribution to shareholders of £5.2 million (£1.7 million interim paid and £3.5 million final to be paid), subject to shareholders' approval at the AGM on 25 February 2025. The dividends will be paid on 7 March 2025 to shareholders on the register of members at the close of business on 7 February 2025. New Risk • Jan 15
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.9% Last year net profit margin: 4.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (59% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (1.9% net profit margin). Reported Earnings • Jan 15
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: UK£0.018 (down from UK£0.041 in FY 2023). Revenue: UK£295.7m (up 3.7% from FY 2023). Net income: UK£5.50m (down 53% from FY 2023). Profit margin: 1.9% (down from 4.1% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Specialty Retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 4% per year and the company’s share price has also fallen by 4% per year. Price Target Changed • Oct 15
Price target increased by 9.1% to UK£1.20 Up from UK£1.10, the current price target is an average from 6 analysts. New target price is 12% above last closing price of UK£1.07. Stock is up 37% over the past year. The company is forecast to post earnings per share of UK£0.015 for next year compared to UK£0.041 last year. Announcement • Oct 15
Victorian Plumbing Group plc to Report Fiscal Year 2024 Results on Jan 15, 2025 Victorian Plumbing Group plc announced that they will report fiscal year 2024 results on Jan 15, 2025 Recent Insider Transactions • Aug 29
CEO & Director recently sold UK£2.7m worth of stock On the 23rd of August, Mark Radcliffe sold around 3m shares on-market at roughly UK£1.00 per share. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Mark's only on-market trade for the last 12 months. Buy Or Sell Opportunity • Jul 30
Now 20% undervalued Over the last 90 days, the stock has risen 20% to UK£0.92. The fair value is estimated to be UK£1.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has declined by 19%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 46% in the next 2 years. Buy Or Sell Opportunity • Jul 01
Now 20% undervalued Over the last 90 days, the stock has risen 15% to UK£0.92. The fair value is estimated to be UK£1.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has declined by 19%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 46% in the next 2 years. Major Estimate Revision • Jun 04
Consensus EPS estimates fall by 22%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from UK£294.1m to UK£300.0m. EPS estimate fell from UK£0.019 to UK£0.015 per share. Net income forecast to shrink 16% next year vs 7.8% growth forecast for Specialty Retail industry in the United Kingdom . Consensus price target up from UK£1.10 to UK£1.17. Share price fell 4.1% to UK£0.94 over the past week. Major Estimate Revision • Feb 29
Consensus EPS estimates fall by 18% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from UK£0.011 to UK£0.009 per share. Revenue forecast steady at UK£298.7m. Net income forecast to shrink 74% next year vs 15% growth forecast for Specialty Retail industry in the United Kingdom . Consensus price target broadly unchanged at UK£1.10. Share price was steady at UK£0.82 over the past week. Reported Earnings • Jan 28
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: UK£0.041 (up from UK£0.033 in FY 2022). Revenue: UK£285.1m (up 5.8% from FY 2022). Net income: UK£11.8m (up 28% from FY 2022). Profit margin: 4.1% (up from 3.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 37%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Specialty Retail industry in the United Kingdom. Announcement • Jan 26
Victorian Plumbing Group plc, Annual General Meeting, Feb 27, 2024 Victorian Plumbing Group plc, Annual General Meeting, Feb 27, 2024, at 09:30 Coordinated Universal Time. Location: head office, 22 Grimrod Place Skelmersdale United Kingdom Announcement • Dec 29
Victorian Plumbing Group plc has filed a Follow-on Equity Offering. Victorian Plumbing Group plc has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 62,239
Transaction Features: Rights Offering Recent Insider Transactions Derivative • Dec 24
Chief Financial Officer exercised options and sold UK£102k worth of stock On the 20th of December, Daniel Barton exercised options to acquire 104k shares at no cost and sold these for an average price of UK£0.98 per share. This trade did not impact their existing holding. As of today, Daniel currently holds no shares directly. Company insiders have collectively sold UK£233k more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Dec 05
Consensus EPS estimates fall by 56% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from UK£0.025 to UK£0.011 per share. Revenue forecast steady at UK£301.9m. Net income forecast to shrink 74% next year vs 19% growth forecast for Specialty Retail industry in the United Kingdom . Consensus price target of UK£1.10 unchanged from last update. Share price rose 10% to UK£0.95 over the past week. Announcement • Nov 24
Victorian Plumbing Group plc Recommends Full Year Final Ordinary Dividend, Payable on 8 March 2024 Victorian Plumbing Group plc announced that in order to distribute a total ordinary dividend for the year of 1.40 pence per share (2022: 1.10 pence per share), which would represent growth of 27%, the Board is recommending a full year final ordinary dividend of 0.95 pence per share (2022: 1.10 pence per share). The Board is not recommending a special dividend (2022: 1.70 pence per share) as it prioritises the preservation of cash to finance the fit-out of the warehouse transformation, without the need for indebtedness and to maintain the robustness of the balance sheet. This results in a total cash distribution to shareholders of £4.6 million (£1.5 million interim paid and £3.1 million final to be paid), subject to shareholders' approval at the AGM on 27 February 2024. The dividends will be paid on 8 March 2024 to shareholders on the register of members at the close of business on 9 February 2024. Reported Earnings • Nov 24
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: UK£0.041 (up from UK£0.033 in FY 2022). Revenue: UK£285.1m (up 5.8% from FY 2022). Net income: UK£11.8m (up 28% from FY 2022). Profit margin: 4.1% (up from 3.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 37%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Specialty Retail industry in the United Kingdom. Announcement • Nov 01
Victorian Plumbing Group plc to Report Fiscal Year 2023 Results on Nov 22, 2023 Victorian Plumbing Group plc announced that they will report fiscal year 2023 results on Nov 22, 2023 Buying Opportunity • Sep 21
Now 20% undervalued Over the last 90 days, the stock is up 29%. The fair value is estimated to be UK£1.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has declined by 44%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 28% in the next 2 years. Recent Insider Transactions • Jul 12
Independent Chairman recently sold UK£132k worth of stock On the 6th of July, Philip Bowcock sold around 185k shares on-market at roughly UK£0.71 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Philip has been a net seller over the last 12 months, reducing personal holdings by UK£205k. Reported Earnings • May 24
First half 2023 earnings released: EPS: UK£0.015 (vs UK£0.007 in 1H 2022) First half 2023 results: EPS: UK£0.015 (up from UK£0.007 in 1H 2022). Revenue: UK£146.8m (up 9.6% from 1H 2022). Net income: UK£4.20m (up 110% from 1H 2022). Profit margin: 2.9% (up from 1.5% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in the United Kingdom. Announcement • May 23
Victorian Plumbing Group Declares an Interim Dividend Payable on 7 July 2023 Victorian Plumbing Group plc Board has declared an interim dividend of 0.45 pence per share (H1 2022: nil) which is a total cash distribution to shareholders of £1.5m. The dividend will be paid on 7 July 2023 to shareholders on the register of members at the close of business on 9 June 2023. Buying Opportunity • Feb 09
Now 21% undervalued Over the last 90 days, the stock is up 61%. The fair value is estimated to be UK£1.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Announcement • Feb 07
Victorian Plumbing Group plc Announces CFO Succession Victorian Plumbing Group plc announced that Paul Meehan, the Group's Chief Financial Officer ("CFO"), has announced the Board that he to step down from his role on 31 March 2023 in order to pursue other opportunities. The Board announced that Daniel (Dan) Barton, currently the Group's Director of Finance, has been chosen to replace Paul as CFO. As a result, Dan will be appointed to the Board on 1 April 2023. Paul will remain with the business during his notice period until 30 June 2023 to ensure an orderly handover of his responsibilities. Dan has also recently assumed the role of Company Secretary. Dan joined Victorian Plumbing in August 2022 from DWF Group plc, where he was Deputy CFO for three years. Prior to this, Dan was Deputy CFO and Company Secretary at Wilmington Group plc, having previously qualified as a Chartered Accountant at PwC LLP. Reported Earnings • Jan 31
Full year 2022 earnings released: EPS: UK£0.033 (vs UK£0.053 in FY 2021) Full year 2022 results: EPS: UK£0.033 (down from UK£0.053 in FY 2021). Revenue: UK£269.4m (flat on FY 2021). Net income: UK£9.20m (down 36% from FY 2021). Profit margin: 3.4% (down from 5.3% in FY 2021). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Online Retail industry in the United Kingdom. Reported Earnings • Dec 07
Full year 2022 earnings released: EPS: UK£0.033 (vs UK£0.053 in FY 2021) Full year 2022 results: EPS: UK£0.033 (down from UK£0.053 in FY 2021). Revenue: UK£269.4m (flat on FY 2021). Net income: UK£9.20m (down 36% from FY 2021). Profit margin: 3.4% (down from 5.3% in FY 2021). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Online Retail industry in the United Kingdom. Announcement • Dec 07
Victorian Plumbing Group plc, Annual General Meeting, Mar 02, 2023 Victorian Plumbing Group plc, Annual General Meeting, Mar 02, 2023. Agenda: To recommend final dividend. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non Executive Director Dianne Walker was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Nov 16
Price target increased to UK£0.72 Up from UK£0.67, the current price target is an average from 4 analysts. New target price is 23% above last closing price of UK£0.58. Stock is down 67% over the past year. The company posted earnings per share of UK£0.053 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non Executive Director Dianne Walker was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Oct 17
Price target increased to UK£0.72 Up from UK£0.67, the current price target is an average from 3 analysts. New target price is 44% above last closing price of UK£0.50. Stock is down 73% over the past year. The company posted earnings per share of UK£0.053 last year. Reported Earnings • May 18
First half 2022 earnings: EPS exceeds analyst expectations First half 2022 results: EPS: UK£0.007 (down from UK£0.044 in 1H 2021). Revenue: UK£133.9m (down 4.8% from 1H 2021). Net income: UK£2.00m (down 83% from 1H 2021). Profit margin: 1.5% (down from 8.2% in 1H 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. Over the next year, revenue is forecast to grow 9.7%, compared to a 23% growth forecast for the industry in the United Kingdom. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Senior Independent Non-Executive Director Damian Sanders was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Apr 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 44%. The fair value is estimated to be UK£0.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings is also forecast to grow by 2.1% per annum over the same time period. Recent Insider Transactions • Apr 08
CEO & Director recently bought UK£354k worth of stock On the 4th of April, Mark Radcliffe bought around 700k shares on-market at roughly UK£0.51 per share. This was the largest purchase by an insider in the last 3 months. Mark has been a buyer over the last 12 months, purchasing a net total of UK£3.3m worth in shares. Buying Opportunity • Apr 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 43%. The fair value is estimated to be UK£0.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings is also forecast to grow by 2.1% per annum over the same time period. Major Estimate Revision • Mar 10
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from UK£0.03 to UK£0.01. Revenue forecast unchanged from UK£270.9m at last update. Net income forecast to shrink 74% next year vs 6.0% growth forecast for Online Retail industry in the United Kingdom . Consensus price target down from UK£0.96 to UK£0.81. Share price fell 9.2% to UK£0.62 over the past week. Buying Opportunity • Mar 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 38%. The fair value is estimated to be UK£0.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% per annum over the last 3 years. Buying Opportunity • Jan 25
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 43%. The fair value is estimated to be UK£1.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% per annum over the last 3 years. Earnings per share has declined by 46% over the last year. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment deteriorated over the past week After last week's 33% share price decline to UK£1.04, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 18x in the Online Retail industry in the United Kingdom. Simply Wall St's valuation model estimates the intrinsic value at UK£1.26 per share. Reported Earnings • Dec 11
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: UK£0.053 (down from UK£0.099 in FY 2020). Revenue: UK£268.8m (up 29% from FY 2020). Net income: UK£14.3m (down 27% from FY 2020). Profit margin: 5.3% (down from 9.4% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. Earnings per share (EPS) surpassed analyst estimates by 25%. Over the next year, revenue is forecast to grow 1.3%, compared to a 29% growth forecast for the retail industry in the United Kingdom. Recent Insider Transactions • Dec 11
CEO & Director recently bought UK£2.9m worth of stock On the 10th of December, Mark Radcliffe bought around 3m shares on-market at roughly UK£0.96 per share. This was the largest purchase by an insider in the last 3 months. This was Mark's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment deteriorated over the past week After last week's 18% share price decline to UK£2.07, the stock trades at a trailing P/E ratio of 26.9x. Average forward P/E is 15x in the Online Retail industry in the United Kingdom. Announcement • Jun 23
Victorian Plumbing Group plc has completed an IPO in the amount of £297.500002 million. Victorian Plumbing Group plc has completed an IPO in the amount of £297.500002 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 113,549,619
Price\Range: £2.62
Discount Per Security: £0.05895
Transaction Features: Direct Listing; Regulation S; Rule 144A