Victorian Plumbing Group Plc (VIC) AI Stock Analysis

• Market Cap: £232.40M
• Dividend Yield: 2.49%
• Average Volume (3M): 522.09K
• Price to Earnings (P/E): 18.5
• Beta (1Y): 0.75
• Revenue Growth: 4.84%
• EPS Growth: 103.78%
• Country: UK
• Employees: 715
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Home Improvement
• EPS (TTM): 0.02
• Shares Outstanding: 328,704,070
• 10 Day Avg. Volume: 161,759
• 30 Day Avg. Volume: 522,086
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: £108.67
• Price Target Upside: 53.49% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: 80.00p ▲(12.99% Upside)

Victorian Plumbing Group Plc's strong financial performance, characterized by robust revenue growth and cash flow generation, is the primary driver of its stock score. The technical analysis suggests neutral momentum, while the valuation is fair, supporting a balanced investment outlook.

Positive Factors

Revenue Growth

Sustained revenue growth indicates strong market demand and effective sales strategies, enhancing long-term business viability and market position.

Cash Flow Generation

Strong cash flow generation provides financial flexibility for reinvestment and strategic initiatives, supporting long-term growth and stability.

Balance Sheet Health

A balanced debt-to-equity ratio ensures financial stability, allowing the company to manage debt effectively while pursuing growth opportunities.

Negative Factors

Profitability Margins

Low net profit margins may hinder reinvestment capabilities and shareholder returns, necessitating operational improvements for long-term competitiveness.

Return on Equity

Declining return on equity could indicate inefficiencies in capital utilization, potentially affecting investor confidence and long-term growth prospects.

Cash Flow Volatility

Volatile cash flow management can lead to financial unpredictability, impacting the company's ability to plan and execute long-term strategies effectively.

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 its e-commerce platform, where it sells a diverse range of bathroom and plumbing products directly to consumers and trade customers. The company's revenue model is driven by the sale of products, with key revenue streams including retail sales from its extensive online catalog, as well as potential partnerships with manufacturers and suppliers that may involve exclusive product offerings. Additionally, the company may benefit from affiliate marketing arrangements and promotional partnerships that enhance its visibility and customer reach, contributing to overall sales growth. Seasonal promotions and marketing campaigns also play a role in driving traffic and conversion rates on their website, further bolstering their earnings.

Victorian Plumbing Group Plc Financial Statement Overview

Summary

Victorian Plumbing Group Plc exhibits strong revenue growth and cash flow generation, supported by a stable balance sheet. While profitability margins have room for improvement, the company maintains a solid financial position with effective leverage management.

Income Statement

Victorian Plumbing Group Plc has demonstrated strong revenue growth over the years, with a notable increase of 75.7% in the most recent year. The gross profit margin remains healthy, indicating effective cost management. However, the net profit margin is relatively low, suggesting potential areas for improvement in operational efficiency. EBIT and EBITDA margins have shown improvement, reflecting better profitability.

Balance Sheet

The company's balance sheet shows a moderate debt-to-equity ratio, indicating a balanced approach to leverage. Return on equity has been strong, although it has decreased over the years, suggesting a need for more efficient use of equity. The equity ratio is stable, reflecting a solid capital structure.

Cash Flow

Victorian Plumbing Group Plc has achieved impressive free cash flow growth, indicating strong cash generation capabilities. The operating cash flow to net income ratio is healthy, suggesting good cash conversion. However, the free cash flow to net income ratio has been volatile, highlighting potential fluctuations in cash flow management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	306.10M	306.10M	295.70M	285.10M	269.40M	268.80M
Gross Profit	143.50M	143.50M	147.80M	134.60M	121.00M	130.50M
EBITDA	28.20M	28.20M	19.10M	19.70M	15.60M	23.10M
Net Income	12.90M	12.90M	5.50M	11.80M	9.20M	14.30M
Balance Sheet
Total Assets	168.40M	168.40M	158.50M	99.00M	94.50M	80.70M
Cash, Cash Equivalents and Short-Term Investments	17.70M	17.70M	11.20M	46.40M	45.50M	32.70M
Total Debt	51.10M	51.10M	46.10M	4.80M	5.00M	5.80M
Total Liabilities	107.80M	107.80M	106.20M	50.20M	50.50M	49.90M
Stockholders Equity	60.60M	60.60M	52.30M	48.80M	44.00M	30.80M
Cash Flow
Free Cash Flow	20.60M	20.60M	-7.40M	12.70M	14.00M	21.20M
Operating Cash Flow	22.00M	22.00M	17.40M	17.70M	16.90M	24.40M
Investing Cash Flow	-5.40M	-5.40M	-43.90M	-5.00M	-2.90M	2.70M
Financing Cash Flow	-10.10M	-10.10M	-8.70M	-11.80M	-1.20M	-4.90M

Victorian Plumbing Group Plc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 70.80
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:VIC, the sentiment is Negative. The current price of 70.8 is below the 20-day moving average (MA) of 72.54, below the 50-day MA of 74.00, and below the 200-day MA of 76.90, indicating a bearish trend. The MACD of -0.33 indicates Positive momentum. The RSI at 43.80 is Neutral, neither overbought nor oversold. The STOCH value of 22.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
TPT	78 Outperform	£83.76M	13.97	89.96%	6.86%	17.48%	―
MER	75 Outperform	£302.62M	6.28	25.63%	4.65%	-2.79%	37.33%
VIC	70 Outperform	£232.40M	18.53	22.85%	2.49%	4.84%	103.78%
DFS	68 Neutral	£395.63M	16.36	10.06%	―	4.38%	―
WIX	67 Neutral	£523.79M	24.69	15.65%	3.83%	3.98%	-22.94%
HFD	67 Neutral	£304.16M	-9.02	-6.44%	6.30%	3.31%	-340.97%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

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.