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Victorian Plumbing Group Plc
(LSE:VIC)
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Rating:67Neutral
Price Target:
94.00 p
▲(25.33% Upside)
Action:Downgraded
Date:08/06/26
The score is driven primarily by strong financial performance—especially revenue growth and cash flow generation—supported by a stable balance sheet. This is partially offset by a neutral-to-soft technical picture (negative MACD, price below the 50-day average) and only moderately attractive valuation (mid-teens P/E with a ~2.85% dividend yield).
Positive Factors
Strong Revenue Growth
Revenue growth of 75.7% in the most recent year indicates strong demand and expanding sales momentum. If sustained, this scale can support greater purchasing leverage, continued investment in the online retail platform, and stronger operating earnings over the next several quarters.
Negative Factors
Low Net Profit Margin
A relatively low net profit margin means that only a limited portion of sales currently reaches the bottom line. This can constrain retained earnings and reduce the benefit of further revenue growth unless operating efficiency improves and margin gains are sustained.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Revenue growth of 75.7% in the most recent year indicates strong demand and expanding sales momentum. If sustained, this scale can support greater purchasing leverage, continued investment in the online retail platform, and stronger operating earnings over the next several quarters.
Read all positive factors
Victorian Plumbing Group Plc (VIC) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£269.30M
Dividend Yield2.67%
Average Volume (3M)173.18K
Price to Earnings (P/E)16.9
Beta (1Y)1.18
Revenue Growth7.34%
EPS Growth169.28%
CountryUK
Employees708
SectorConsumer Cyclical
Sector Strength84
IndustryHome Improvement
Share Statistics
EPS (TTM)0.05
Shares Outstanding328,865,300
10 Day Avg. Volume171,824
30 Day Avg. Volume173,175
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)3.94
Price to Sales (P/S)0.78
P/FCF Ratio11.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£128.33Price Target Upside71.11% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.06
Revenue Forecast (FY)£362.55M
Victorian Plumbing Group Plc Business Overview & Revenue Model
Company Description
Victorian Plumbing Group plc operates primarily as an online vendor specializing in bathroom fixtures and complementary products. The company caters to both individual retail customers and business clients, supplying goods from approximately 125 d...
How the Company Makes Money
Victorian Plumbing Group Plc makes money primarily by selling bathroom products directly to consumers via its online retail platform(s). Revenue is generated from the sale of both branded and own-brand (private label) products across core categori...
Victorian Plumbing Group Plc Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 322.20M | 306.10M | 295.70M | 285.10M | 269.40M | 268.80M |
| Gross Profit | 146.20M | 143.50M | 147.80M | 134.60M | 121.00M | 130.50M |
| EBITDA | 32.30M | 28.20M | 16.90M | 19.70M | 15.60M | 23.10M |
| Net Income | 15.30M | 12.90M | 5.50M | 11.80M | 9.20M | 14.30M |
Balance Sheet | ||||||
| Total Assets | 185.80M | 168.40M | 158.50M | 99.00M | 94.50M | 80.70M |
| Cash, Cash Equivalents and Short-Term Investments | 21.20M | 17.70M | 11.20M | 46.40M | 45.50M | 32.70M |
| Total Debt | 52.60M | 51.10M | 46.10M | 4.80M | 5.00M | 5.80M |
| Total Liabilities | 122.30M | 107.80M | 106.20M | 50.20M | 50.50M | 49.90M |
| Stockholders Equity | 63.50M | 60.60M | 52.30M | 48.80M | 44.00M | 30.80M |
Cash Flow | ||||||
| Free Cash Flow | 27.90M | 20.60M | -7.40M | 12.70M | 14.00M | 21.20M |
| Operating Cash Flow | 28.80M | 22.00M | 17.40M | 17.70M | 16.90M | 24.40M |
| Investing Cash Flow | -7.10M | -5.40M | -43.90M | -5.00M | -2.90M | 2.70M |
| Financing Cash Flow | -11.40M | -10.10M | -8.70M | -11.80M | -1.20M | -4.90M |
Victorian Plumbing Group Plc Technical Analysis
Positive
75.00
Price Trends
78.51
Positive
78.02
Positive
77.81
Positive
Market Momentum
2.20
Positive
46.33
Neutral
39.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:VIC, the sentiment is Positive. The current price of 75 is below the 20-day moving average (MA) of 84.65, below the 50-day MA of 78.51, and below the 200-day MA of 77.81, indicating a neutral trend. The MACD of 2.20 indicates Positive momentum. The RSI at 46.33 is Neutral, neither overbought nor oversold. The STOCH value of 39.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:VIC.
Victorian Plumbing Group Plc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | £4.32B | 16.40 | 22.80% | 2.74% | 4.15% | 5.60% | |
70 Outperform | £70.41M | 13.66 | 89.58% | 8.66% | 8.67% | ― | |
67 Neutral | £269.30M | 16.87 | 24.66% | 2.67% | 7.34% | 169.28% | |
67 Neutral | £5.71B | 20.14 | 4.86% | 3.52% | 1.24% | 69.63% | |
62 Neutral | £517.86M | 14.56 | 30.64% | 3.10% | 4.21% | 72.12% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
* Consumer Cyclical Sector Average
GB:VIC
Victorian Plumbing Group Plc
82.00
8.62
11.75%
GB:HWDN
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803.50
-43.33
-5.12%
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GB:TPT
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GB:WIX
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Victorian Plumbing Group Plc Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Victorian Plumbing Discloses Director’s Past Role at Firm Now in Administration
Neutral
Oct 14, 2026
Victorian Plumbing Group plc has disclosed that its non-executive director Adam Knappy previously served on the board of ZavviGroup Ltd, which entered administration shortly after his tenure ended. The announcement fulfils AIM regulatory requireme...
Business Operations and StrategyFinancial Disclosures
Victorian Plumbing lifts revenue and profit as tiles, flooring and new brands power growth
Positive
Oct 13, 2026
Victorian Plumbing Group reported double-digit revenue growth for the year to 30 September 2026, with sales rising about 11% to roughly £344m despite a 1.7% decline in the wider repair, maintenance and improvement market. Growth was driven by...
Business Operations and StrategyExecutive/Board Changes
Victorian Plumbing Adds Marketing Veteran Adam Knappy to Board
Positive
Sep 15, 2026
Victorian Plumbing Group plc, the UK’s leading bathroom retailer, has strengthened its board with the appointment of Adam Knappy as an independent non-executive director. Knappy brings extensive experience in data-driven marketing and custom...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.