VICTREX PLC |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,287 GBX | -1.00% |
|
-1.39% | -16.17% |
| 11:12am | DB and Berenberg raise Diploma price target | AN |
| May. 13 | Victrex expects profit to stagnate following soft opening half to year | AN |
Valuation
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,862 | 1,583 | 2,068 | 1,451 | 1,221 | 1,130 | - | - |
| Enterprise Value (EV) 1 | 1,789 | 1,510 | 1,999 | 1,415 | 1,228 | 1,093 | 1,078 | 1,065 |
| P/E ratio | 20.2 x | 29.3 x | 28.4 x | 19.1 x | 19.9 x | 20.2 x | 16.1 x | 14.1 x |
| Yield | 2.76% | 2.52% | 2.5% | 3.57% | 4.24% | 4.6% | 5.02% | 5.27% |
| Capitalization / Revenue | 6.33 x | 5.95 x | 6.75 x | 4.26 x | 3.98 x | 3.71 x | 3.44 x | 3.21 x |
| EV / Revenue | 6.09 x | 5.68 x | 6.53 x | 4.15 x | 4 x | 3.59 x | 3.28 x | 3.02 x |
| EV / EBITDA | 14.7 x | 15.6 x | 17.5 x | 12 x | 12 x | 11.7 x | 9.82 x | 8.65 x |
| EV / FCF | 31.2 x | 33.9 x | 23.5 x | 41 x | 384 x | 13.9 x | 12.6 x | 12.3 x |
| FCF Yield | 3.21% | 2.95% | 4.26% | 2.44% | 0.26% | 7.18% | 7.93% | 8.15% |
| Price to Book | 4.03 x | 3.31 x | 4.07 x | 2.97 x | - | 2.31 x | 2.2 x | 2.12 x |
| Nbr of stocks (in thousands) | 86,283 | 86,463 | 86,838 | 86,886 | 86,930 | 86,959 | - | - |
| Reference price 2 | 21.58 | 18.31 | 23.82 | 16.70 | 14.05 | 13.00 | 13.00 | 13.00 |
| Announcement Date | 12/5/19 | 12/9/20 | 12/6/21 | 12/6/22 | 12/5/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 294 | 266 | 306.3 | 341 | 307 | 300.3 | 328 | 351.6 |
| EBITDA 1 | 122 | 96.7 | 114.5 | 118 | 102.2 | 93.83 | 109.9 | 124.2 |
| EBIT 1 | 104.1 | 76 | 92.6 | 96.4 | 80.7 | 71.04 | 86 | 99.38 |
| Operating Margin | 35.41% | 28.57% | 30.23% | 28.27% | 26.29% | 23.66% | 26.22% | 28.27% |
| Earnings before Tax (EBT) 1 | 104.7 | 63.5 | 92.5 | 87.7 | 72.5 | 68.15 | 85.02 | 101.2 |
| Net income 1 | 92.4 | 54.2 | 73.2 | 76.2 | 61.7 | 56.17 | 71.47 | 83.25 |
| Net margin | 31.43% | 20.38% | 23.9% | 22.35% | 20.1% | 18.7% | 21.79% | 23.68% |
| EPS 2 | 1.069 | 0.6250 | 0.8400 | 0.8730 | 0.7050 | 0.6437 | 0.8131 | 0.9390 |
| Free Cash Flow 1 | 57.4 | 44.5 | 85.2 | 34.5 | 3.2 | 80.18 | 87.9 | 86.9 |
| FCF margin | 19.52% | 16.73% | 27.82% | 10.12% | 1.04% | 26.7% | 26.8% | 24.72% |
| FCF Conversion (EBITDA) | 47.05% | 46.02% | 74.41% | 29.24% | 3.13% | 85.45% | 79.98% | 69.95% |
| FCF Conversion (Net income) | 62.12% | 82.1% | 116.39% | 45.28% | 5.19% | 142.75% | 122.99% | 104.38% |
| Dividend per Share 2 | 0.5956 | 0.4614 | 0.5956 | 0.5956 | 0.5956 | 0.5958 | 0.6529 | 0.6848 |
| Announcement Date | 12/5/19 | 12/9/20 | 12/6/21 | 12/6/22 | 12/5/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: September | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 151.5 | 114.5 | 150.9 | 155.4 | 160.1 | 180.9 | 162.2 | 144.8 | 139.3 |
| EBITDA | - | - | - | 57.5 | - | - | - | 53.1 | - | - |
| EBIT | - | - | 23.8 | 47 | 45.6 | 48.6 | - | 42.6 | - | - |
| Operating Margin | - | - | 20.79% | 31.15% | 29.34% | 30.36% | - | 26.26% | - | - |
| Earnings before Tax (EBT) | - | - | 13.6 | 46.6 | - | - | - | 39.1 | - | - |
| Net income | - | - | - | 40.7 | - | - | - | 33.7 | - | - |
| Net margin | - | - | - | 26.97% | - | - | - | 20.78% | - | - |
| EPS | - | 0.4740 | 0.1510 | 0.4680 | - | - | - | 0.3880 | - | - |
| Dividend per Share | 0.4614 | - | - | - | - | - | - | 0.1342 | - | - |
| Announcement Date | 12/5/19 | 5/11/20 | 12/9/20 | 5/10/21 | 12/6/21 | 5/9/22 | 12/6/22 | 5/9/23 | 12/5/23 | 5/13/24 |
1GBP in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 6.3 | - | - | - |
| Net Cash position 1 | 72.8 | 73.1 | 69 | 36.2 | - | 37.4 | 52.7 | 66 |
| Leverage (Debt/EBITDA) | - | - | - | - | 0.0616 x | - | - | - |
| Free Cash Flow 1 | 57.4 | 44.5 | 85.2 | 34.5 | 3.2 | 78.5 | 85.5 | 86.7 |
| ROE (net income / shareholders' equity) | 19.4% | 11.5% | 14.8% | 15.3% | 12.5% | 11.3% | 13.9% | 15.9% |
| ROA (Net income/ Total Assets) | 16.8% | 9.98% | 12.6% | 12.1% | 9.73% | 8.3% | 11.1% | 14.1% |
| Assets 1 | 550 | 542.9 | 582.4 | 628.4 | 634.1 | 657.6 | 642.5 | 581 |
| Book Value Per Share 2 | 5.360 | 5.530 | 5.850 | 5.620 | - | 5.630 | 5.920 | 6.120 |
| Cash Flow per Share 2 | 0.9300 | 0.8000 | 1.460 | 0.9200 | 0.4800 | 1.040 | 1.190 | 1.330 |
| Capex 1 | 22.7 | 24.9 | 41.9 | 45.5 | 38.5 | 32.5 | 30 | 31.1 |
| Capex / Sales | 7.72% | 9.36% | 13.68% | 13.34% | 12.54% | 10.67% | 9.15% | 8.83% |
| Announcement Date | 12/5/19 | 12/9/20 | 12/6/21 | 12/6/22 | 12/5/23 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
12
Last Close Price
13
GBP
Average target price
14.96
GBP
Spread / Average Target
+15.12%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -16.17% | 1.42B | |
| +16.84% | 66.18B | |
| +0.88% | 49.24B | |
| +16.50% | 41.72B | |
| +22.44% | 26.16B | |
| +11.75% | 19.75B | |
| +3.13% | 17.5B | |
| -23.12% | 15.63B | |
| +2.57% | 15.43B | |
| -8.98% | 15.46B |
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