Financials Victorian Plumbing Group plc

Equities

VIC

GB00BNVVHD43

Home Furnishings

Market Closed - London S.E. Other stock markets 11:35:07 2024-05-28 am EDT			5-day change	1st Jan Change
97.8 ^GBX	+0.20%		+4.04%	+6.89%

May. 28	EARNINGS AND TRADING: Victorian Plumbing profit up; Xeros loss narrows	AN
May. 28	Earnings Flash (VIC.L) VICTORIAN PLUMBING GROUP Posts Fiscal H1 Revenue GBP144.6M	MT

Valuation

Fiscal Period: September	2021	2022	2023	2024	2025	2026
Capitalization ¹	815.9	118.2	286.2	317.7	-	-
Enterprise Value (EV) ¹	783.2	72.66	239.8	324.3	309.3	308.1
P/E ratio	55.8 x	-	23.8 x	66.9 x	20.4 x	16.4 x
Yield	-	3.03%	1.59%	1.59%	2.83%	3.79%
Capitalization / Revenue	3.04 x	0.44 x	1 x	1.07 x	0.95 x	0.89 x
EV / Revenue	2.91 x	0.27 x	0.84 x	1.09 x	0.93 x	0.86 x
EV / EBITDA	19.5 x	3.73 x	10.1 x	11.9 x	8.98 x	7.91 x
EV / FCF	36.9 x	5.19 x	18.9 x	-27.1 x	14.9 x	13.8 x
FCF Yield	2.71%	19.3%	5.3%	-3.69%	6.69%	7.23%
Price to Book	26.5 x	2.69 x	5.86 x	6.13 x	4.69 x	4.24 x
Nbr of stocks (in thousands)	325,063	325,063	325,228	324,876	-	-
Reference price ²	2.510	0.3635	0.8800	0.9780	0.9780	0.9780
Announcement Date	12/9/21	12/6/22	11/22/23	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September	2021	2022	2023	2024	2025	2026
Net sales ¹	268.8	269.4	285.1	297.9	332.8	358.9
EBITDA ¹	40.1	19.5	23.8	27.16	34.46	38.96
EBIT ¹	37.1	16	20	22.12	26.3	29.14
Operating Margin	13.8%	5.94%	7.02%	7.42%	7.9%	8.12%
Earnings before Tax (EBT) ¹	19.7	11.8	15.6	6.848	21.43	26.76
Net income ¹	14.3	-	11.8	4.786	15.68	19.67
Net margin	5.32%	-	4.14%	1.61%	4.71%	5.48%
EPS ²	0.0450	-	0.0370	0.0146	0.0479	0.0597
Free Cash Flow ¹	21.2	14	12.7	-11.98	20.71	22.27
FCF margin	7.89%	5.2%	4.45%	-4.02%	6.22%	6.21%
FCF Conversion (EBITDA)	52.87%	71.79%	53.36%	-	60.08%	57.17%
FCF Conversion (Net income)	148.25%	-	107.63%	-	132.08%	113.22%
Dividend per Share ²	-	0.0110	0.0140	0.0155	0.0276	0.0371
Announcement Date	12/9/21	12/6/22	11/22/23	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September	2021 S1	2021 S2	2023 S1
Net sales	140.7	-	-
EBITDA ¹	-	20	9.9
EBIT	-	-	-
Operating Margin	-	-	-
Earnings before Tax (EBT)	-	-	-
Net income	11.6	-	-
Net margin	8.24%	-	-
EPS	-	-	-
Dividend per Share ²	-	-	0.004500
Announcement Date	6/17/21	12/9/21	5/23/23

¹GBP in Million²GBP

Estimates

Balance Sheet Analysis

Fiscal Period: September	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	6.59	-	-
Net Cash position ¹	32.7	45.5	46.4	-	8.39	9.63
Leverage (Debt/EBITDA)	-	-	-	0.2428 x	-	-
Free Cash Flow ¹	21.2	14	12.7	-12	20.7	22.3
ROE (net income / shareholders' equity)	-	-	25.4%	14.3%	31.1%	33.5%
ROA (Net income/ Total Assets)	-	-	-	7.07%	16.3%	19%
Assets ¹	-	-	-	67.73	96.21	103.4
Book Value Per Share ²	0.0900	0.1400	0.1500	0.1600	0.2100	0.2300
Cash Flow per Share ²	-	-	-	0.0500	0.0700	0.0900
Capex ¹	3.2	2.9	5	25.7	4.83	4.83
Capex / Sales	1.19%	1.08%	1.75%	8.62%	1.45%	1.35%
Announcement Date	12/9/21	12/6/22	11/22/23	-	-	-

¹GBP in Million²GBP

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Victorian Plumbing Group plc

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.978 GBP

Average target price

1.145 GBP

Spread / Average Target

+17.08%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Home Furnishings

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ZIEL HOME FURNISHING TECHNOLOGY CO., LTD.	+0.29%	1.41B
LUOLAI LIFESTYLE TECHNOLOGY CO., LTD.	-3.55%	1.03B
LOCTEK ERGONOMIC TECHNOLOGY CORP.	-11.61%	723M
SHANGHAI SHUIXING HOME TEXTILE CO., LTD.	+31.29%	685M
DER FUTURE SCIENCE AND TECHNOLOGY HOLDING GROUP CO., LTD.	-27.66%	410M
ZHEJIANG ZHENGTE CO., LTD.	-10.01%	342M
VICTORIA PLC	-25.17%	328M

Other Home Furnishings