Victorian Plumbing Group Plc (VIC) AI Stock Analysis

• Market Cap: £258.55M
• Dividend Yield: 2.36%
• Average Volume (3M): 522.09K
• Price to Earnings (P/E): 46.4
• Beta (1Y): 0.61
• Revenue Growth: 7.39%
• EPS Growth: -57.22%
• Country: UK
• Employees: 715
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Home Improvement
• EPS (TTM): 0.03
• Shares Outstanding: 327,737,150
• 10 Day Avg. Volume: 161,759
• 30 Day Avg. Volume: 522,086
• PEG Ratio: -1.01
• Price to Book (P/B): 5.96
• Price to Sales (P/S): 1.05
• P/FCF Ratio: -42.09
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £107.00
• Price Target Upside: 40.79% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 63 Neutral
• Price Target: 80.00p ▲(5.26% Upside)

Victorian Plumbing Group Plc's overall stock score reflects solid financial performance with strong revenue growth and gross margins, though profitability and cash flow sustainability pose challenges. Technical analysis indicates mixed momentum, while a high P/E ratio suggests overvaluation. The dividend yield offers some compensation, but liquidity management remains crucial.

Victorian Plumbing Group Plc Business Overview & Revenue Model

Company Description

Victorian Plumbing Group plc operates as an online retailer of bathroom products and accessories. It offers a range of products to B2C and trade customers with approximately 125 brands, as well as designs and develops in-house products. The company's bathroom product lines include tiles, flooring, and lighting. Victorian Plumbing Group plc was incorporated in 2021 and is based in Skelmersdale, United Kingdom.

How the Company Makes Money

Victorian Plumbing generates revenue primarily through the sale of its extensive product offerings on its e-commerce platform. The company's revenue model is based on direct-to-consumer sales, where it leverages digital marketing and search engine optimization to attract customers. Key revenue streams include sales of bathroom fittings, plumbing supplies, and associated accessories. Additionally, Victorian Plumbing may engage in partnerships with manufacturers and suppliers to secure favorable pricing and exclusive products, which can enhance profit margins. The company also benefits from seasonal demand fluctuations, particularly during peak renovation periods, which contribute to increased sales volumes.

Victorian Plumbing Group Plc Financial Statement Overview

Summary

Victorian Plumbing Group Plc demonstrates steady revenue growth and strong gross margins, though profitability at the net level and cash flow generation have faced challenges. The company has increased leverage, posing potential risks, but maintains a stable equity ratio. Operational cash flow is strong, but negative free cash flow suggests liquidity management needs attention.

Income Statement

Victorian Plumbing Group Plc shows solid revenue growth over the years with a 3.72% increase from 2023 to 2024, though growth has slowed somewhat compared to prior years. The gross profit margin has remained robust at 49.98% in 2024, indicating efficient cost management. However, the net profit margin has declined to 1.86% in 2024 from 4.14% in 2023, reflecting increased expenses or less operational efficiency. EBITDA margin remains steady, suggesting stable operational cash flow generation.

Balance Sheet

The company's debt-to-equity ratio increased significantly from 0.10 in 2023 to 0.88 in 2024, indicating higher leverage and potential risk. Return on equity also decreased to 10.52% in 2024 from 24.18% in 2023, showing less effective use of equity capital to generate profits. Despite this, the equity ratio remains healthy at 32.98%, suggesting a stable financial structure with a balanced approach to financing.

Cash Flow

Victorian Plumbing Group Plc experienced a negative free cash flow in 2024, reflecting higher capital expenditures and investments. The operating cash flow to net income ratio is robust at 3.16, indicating strong cash generation relative to reported earnings. However, the free cash flow to net income ratio is negative, highlighting cash constraints and potential liquidity challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	303.80M	295.70M	285.10M	269.40M	268.80M	208.70M
Gross Profit	152.10M	147.80M	134.60M	121.00M	130.50M	92.00M
EBITDA	22.10M	19.10M	19.70M	15.60M	23.10M	26.10M
Net Income	5.10M	5.50M	11.80M	9.20M	14.30M	19.70M
Balance Sheet
Total Assets	162.90M	158.50M	99.00M	94.50M	80.70M	55.10M
Cash, Cash Equivalents and Short-Term Investments	10.90M	11.20M	46.40M	45.50M	32.70M	10.50M
Total Debt	50.20M	46.10M	4.80M	5.00M	5.80M	6.40M
Total Liabilities	109.20M	106.20M	50.20M	50.50M	49.90M	42.10M
Stockholders Equity	53.70M	52.30M	48.80M	44.00M	30.80M	13.00M
Cash Flow
Free Cash Flow	6.70M	-7.40M	12.70M	14.00M	21.20M	21.80M
Operating Cash Flow	16.40M	17.40M	17.70M	16.90M	24.40M	24.40M
Investing Cash Flow	-32.50M	-43.90M	-5.00M	-2.90M	2.70M	-2.60M
Financing Cash Flow	-9.10M	-8.70M	-11.80M	-1.20M	-4.90M	-14.00M

Victorian Plumbing Group Plc Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 76.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:VIC, the sentiment is Neutral. The current price of 76 is below the 20-day moving average (MA) of 77.59, above the 50-day MA of 69.42, and below the 200-day MA of 81.52, indicating a neutral trend. The MACD of 1.90 indicates Positive momentum. The RSI at 51.65 is Neutral, neither overbought nor oversold. The STOCH value of 18.45 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:VIC.

Victorian Plumbing Group Plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MER	―	£296.36M	6.15	25.63%	4.75%	-2.79%	37.33%
DFS	―	£371.41M	15.36	10.06%	―	4.38%	―
VIC	―	£258.55M	46.39	9.70%	2.36%	7.39%	-57.22%
HFD	―	£325.95M	-9.70	-6.38%	5.88%	1.10%	-333.08%
Sector *	―	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
WIX	―	£493.55M	22.80	15.65%	4.08%	3.98%	-22.94%
TPT	―	£67.83M	-7.04	-93.27%	5.80%	6.55%	-1914.81%

Victorian Plumbing Group Plc Corporate Events

Victorian Plumbing Group Reports Revenue Growth Amid Market Decline

Victorian Plumbing Group Plc reported a 5% increase in revenue to approximately £310 million for the fiscal year ending September 2025, despite a 3% decline in the UK Home Improvements & DIY market. This growth was driven by market share gains, strategic initiatives like warehouse transformation, and improved delivery speeds. The company also saw a significant rise in trade and tiles & décor revenue. Victorian Plumbing’s adjusted EBITDA rose by 17% to £31.8 million, aligning with the top end of market expectations. The company is also progressing with the reimagined MFI brand, which received positive customer feedback following its soft launch, with a full launch planned for the first half of 2026.

The most recent analyst rating on (GB:VIC) stock is a Hold with a £78.00 price target. To see the full list of analyst forecasts on Victorian Plumbing Group Plc stock, see the GB:VIC Stock Forecast page.