Victorian Plumbing Group Plc (GB:VIC)
LSE:VIC
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Victorian Plumbing Group Plc
(LSE:VIC)
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Rating:70Outperform
Price Target:
90.00 p
▲(17.49% Upside)
Action:Upgraded
Date:12/19/25
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
A 75.7% year-over-year revenue surge demonstrates strong product demand and successful online distribution. Sustained top-line growth supports economies of scale, improves bargaining power with suppliers, and provides a base to invest in logistics and marketing for durable market share gains.
Negative Factors
Low Net Margin
Relatively low net margins limit the company’s ability to absorb cost inflation or fund growth without compromising returns. Persistent margin pressure could curb reinvestment, weaken ROI on new initiatives, and make the business more vulnerable in downturns or competitive pricing contests.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A 75.7% year-over-year revenue surge demonstrates strong product demand and successful online distribution. Sustained top-line growth supports economies of scale, improves bargaining power with suppliers, and provides a base to invest in logistics and marketing for durable market share gains.
Read all positive factors
Victorian Plumbing Group Plc (VIC) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£269.30M
Dividend Yield2.49%
Average Volume (3M)522.09K
Price to Earnings (P/E)16.9
Beta (1Y)1.12
Revenue Growth7.34%
EPS Growth169.28%
CountryUK
Employees715
SectorConsumer Cyclical
Sector Strength84
IndustryHome Improvement
Share Statistics
EPS (TTM)0.05
Shares Outstanding328,865,300
10 Day Avg. Volume161,759
30 Day Avg. Volume522,086
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
£109.40Price Target Upside42.82% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.05
Revenue Forecast (FY)£328.40M
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 compan...
How the Company Makes Money
Victorian Plumbing primarily generates revenue by selling bathroom and plumbing products directly to customers online. Its core revenue stream is product sales across a wide catalogue, including both third-party branded items and the group’s own-r...
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 | 32.80M | 28.20M | 19.10M | 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
76.60
Price Trends
76.31
Positive
78.24
Positive
74.09
Positive
Market Momentum
1.28
Negative
60.63
Neutral
68.79
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 76.6 is below the 20-day moving average (MA) of 79.17, above the 50-day MA of 76.31, and above the 200-day MA of 74.09, indicating a bullish trend. The MACD of 1.28 indicates Negative momentum. The RSI at 60.63 is Neutral, neither overbought nor oversold. The STOCH value of 68.79 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | £4.20B | 15.71 | 23.58% | 2.57% | 4.13% | 8.25% | |
70 Outperform | £269.30M | 16.93 | 24.66% | 2.49% | 7.34% | 169.28% | |
66 Neutral | £4.73B | 19.74 | 3.91% | 3.99% | 1.26% | 40.14% | |
64 Neutral | £71.20M | 13.16 | 89.58% | 6.86% | 8.67% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | £381.72M | 10.42 | 29.52% | 3.83% | 6.33% | 125.67% | |
43 Neutral | £23.28M | -0.28 | -61.90% | ― | -15.92% | -227.33% |
* Consumer Cyclical Sector Average
GB:VIC
Victorian Plumbing Group Plc
82.00
7.12
9.51%
GB:HEAD
Headlam
28.80
-64.80
-69.23%
GB:HWDN
Howden Joinery
780.00
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GB:KGF
Kingfisher
284.10
21.04
8.00%
GB:TPT
Topps Tiles
34.40
1.48
4.49%
GB:WIX
Wickes Group
172.40
-40.15
-18.89%
Victorian Plumbing Group Plc Corporate Events
Business Operations and StrategyDelistings and Listing ChangesRegulatory Filings and Compliance
Victorian Plumbing Issues New Shares to Satisfy Employee Scheme Awards
Neutral
May 19, 2026
Victorian Plumbing has applied for the admission of 96,225 new ordinary shares to trading on AIM, with dealings expected to begin on 21 May 2026 and the new shares ranking equally with existing stock. The shares are being issued to satisfy options...
Business Operations and StrategyDividendsFinancial DisclosuresM&A Transactions
Victorian Plumbing posts double-digit H1 growth as tiles, MFI and logistics push expand
Positive
May 19, 2026
Victorian Plumbing Group reported double-digit first-half revenue growth to £168.8m, driven by record order volumes and strong demand in tiles and flooring, while maintaining robust gross margins despite a new packaging tax and shifting produ...
Business Operations and StrategyFinancial Disclosures
Victorian Plumbing to Host Online Investor Presentation After Half-Year Results
Neutral
May 5, 2026
Victorian Plumbing Group plc, the UK’s leading bathroom retailer and owner of online homewares brand MFI, serves both consumer and trade customers with a broad range of bathroom products and complementary home furnishings. Its model combines...
Business Operations and StrategyExecutive/Board Changes
Victorian Plumbing Confirms CEO Handover as Founder Moves to Non-Executive Role
Positive
Apr 1, 2026
Victorian Plumbing Group has completed its planned chief executive succession, appointing former group managing director Stephnie Judge as CEO and adding her to the board. She replaces founder Mark Radcliffe, who has moved into a non-executive fou...
Business Operations and StrategyExecutive/Board Changes
Victorian Plumbing Grants Performance-Linked Share Awards to Senior Executives
Positive
Apr 1, 2026
Victorian Plumbing Group plc has granted new long-term incentive plan awards to senior executives, including CEO Mark Radcliffe and CFO Daniel Barton, involving options over a combined total of more than 1 million ordinary shares. The FY26 LTIP aw...
Business Operations and StrategyExecutive/Board Changes
Victorian Plumbing launches value plan tying executive rewards to share price growth
Positive
Apr 1, 2026
Victorian Plumbing Group has introduced a new Value Creation Plan to better align its executive leadership team’s incentives with long-term shareholder value as it enters the next phase of strategic growth. The scheme sits alongside existing...
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.