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Victorian Plumbing Group Plc (GB:VIC)
LSE:VIC

Victorian Plumbing Group Plc (VIC) AI Stock Analysis

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Victorian Plumbing Group Plc

(LSE:VIC)

Rating:61Neutral
Price Target:
81.00p
▲(10700.00%Upside)
Victorian Plumbing Group Plc demonstrates resilience with steady revenue growth and strategic progress. However, challenges in net profitability, cash flow, and high leverage need attention. Technical indicators suggest bearish momentum, while high P/E ratio raises valuation concerns. Positive corporate events and strategic initiatives provide some optimism for future growth.

Victorian Plumbing Group Plc (VIC) vs. iShares MSCI United Kingdom ETF (EWC)

Victorian Plumbing Group Plc Business Overview & Revenue Model

Company DescriptionVictorian 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 MoneyVictorian Plumbing Group Plc generates revenue through the direct sale of bathroom products and accessories via its online platform. The company capitalizes on its e-commerce model to reach a broad customer base, offering an extensive selection of branded and own-brand products. Revenue streams are primarily driven by product sales, with additional earnings from services such as delivery and installation. Significant factors contributing to Victorian Plumbing's earnings include strategic digital marketing efforts, a strong online presence, and competitive pricing. The company may also engage in partnerships with manufacturers and suppliers to ensure a diverse and appealing product range, enhancing its market competitiveness and customer appeal.

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 in the recent period. The company has increased leverage, which could pose risks if not managed carefully, but maintains a stable equity ratio. While operational cash flow is strong, negative free cash flow suggests the need for careful liquidity management. Overall, the company shows resilience, but with areas needing attention, particularly in profitability and cash flow sustainability.
Income Statement
72
Positive
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
65
Positive
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
55
Neutral
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.
BreakdownSep 2024Sep 2023Sep 2022Sep 2021Sep 2020
Income Statement
Total Revenue295.70M285.10M269.40M268.80M208.70M
Gross Profit147.80M134.60M121.00M130.50M92.00M
EBITDA16.90M19.70M15.60M32.50M26.10M
Net Income5.50M11.80M9.20M14.30M19.70M
Balance Sheet
Total Assets158.50M99.00M94.50M80.70M55.10M
Cash, Cash Equivalents and Short-Term Investments11.20M46.40M45.50M32.70M10.50M
Total Debt46.10M4.80M5.00M5.80M6.40M
Total Liabilities106.20M50.20M50.50M49.90M42.10M
Stockholders Equity52.30M48.80M44.00M30.80M13.00M
Cash Flow
Free Cash Flow-7.40M12.70M14.00M21.20M21.80M
Operating Cash Flow17.40M17.70M16.90M24.40M24.40M
Investing Cash Flow-43.90M-5.00M-2.90M2.70M-2.60M
Financing Cash Flow-8.70M-11.80M-1.20M-4.90M-14.00M

Victorian Plumbing Group Plc Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.75
Price Trends
50DMA
0.83
Negative
100DMA
0.89
Negative
200DMA
0.97
Negative
Market Momentum
MACD
-0.01
Negative
RSI
42.22
Neutral
STOCH
52.24
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 0.75 is below the 20-day moving average (MA) of 0.78, below the 50-day MA of 0.83, and below the 200-day MA of 0.97, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 42.22 is Neutral, neither overbought nor oversold. The STOCH value of 52.24 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

Overall Rating
UnderperformOutperform
Sector (56)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
GBMER
70
Outperform
£316.40M7.1824.38%436.39%3.96%62.25%
GBHFD
67
Neutral
£323.76M26.73-6.38%5.37%-0.79%-45.22%
GBVIC
61
Neutral
£246.77M45.429.70%289.12%7.39%-57.22%
GBWIX
59
Neutral
£535.62M30.5911.73%4.72%-0.97%-36.95%
56
Neutral
HK$24.59B3.77-2.05%6.59%-0.32%-67.68%
GBTPT
53
Neutral
£74.28M-93.27%0.04%6.55%-1914.81%
GBDFS
47
Neutral
£381.79M58.902.72%2.84%-6.00%-69.78%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:VIC
Victorian Plumbing Group Plc
0.74
-0.13
-14.94%
GB:DFS
DFS Furniture
1.64
0.56
51.85%
GB:HFD
Halfords
1.49
0.11
7.97%
GB:MER
Mears Group Plc
3.82
0.15
4.09%
GB:TPT
Topps Tiles
0.38
0.00
0.00%
GB:WIX
Wickes Group
2.29
1.02
80.31%

Victorian Plumbing Group Plc Corporate Events

Other
Victorian Plumbing Chair Sells Shares to Cover Tax Liabilities
Neutral
Jul 3, 2025

Victorian Plumbing Group Plc announced that its Chair, Philip Bowcock, sold 181,000 ordinary shares to cover tax and national insurance liabilities following the release of restricted shares. This transaction leaves Bowcock with 893,718 shares, representing approximately 0.27% of the company’s issued share capital. The sale of shares by a key executive could be interpreted by stakeholders as a routine financial decision, but it may also prompt discussions about the company’s stock performance and executive confidence.

The most recent analyst rating on (GB:VIC) stock is a Buy with a £1.20 price target. To see the full list of analyst forecasts on Victorian Plumbing Group Plc stock, see the GB:VIC Stock Forecast page.

Executive/Board Changes
Victorian Plumbing Announces Share Option Grants and Executive Transactions
Neutral
Jun 17, 2025

Victorian Plumbing Group Plc announced the grant of options over 409,327 ordinary shares under its Save As You Earn scheme, with a notable allocation to CFO Daniel Barton. Barton also exercised options over 191,694 shares from the company’s Long Term Incentive and Deferred Bonus Plans, selling 90,418 shares to cover tax liabilities. These transactions highlight the company’s ongoing commitment to employee incentive schemes and may impact shareholder dynamics, given Barton’s significant share dealings.

The most recent analyst rating on (GB:VIC) stock is a Buy with a £1.20 price target. To see the full list of analyst forecasts on Victorian Plumbing Group Plc stock, see the GB:VIC Stock Forecast page.

Regulatory Filings and Compliance
Victorian Plumbing Announces Shareholding Change
Neutral
May 16, 2025

Victorian Plumbing Group Plc announced a change in the shareholding interests of a significant shareholder, Artemis Investment Management LLP, which now holds 4.01608% of the company as of 15 May 2025. This notification, in compliance with AIM Rule 17, reflects the company’s transparency in shareholder communications and may impact investor perceptions and market positioning.

The most recent analyst rating on (GB:VIC) stock is a Buy with a £1.05 price target. To see the full list of analyst forecasts on Victorian Plumbing Group Plc stock, see the GB:VIC Stock Forecast page.

Other
Victorian Plumbing CFO Increases Shareholding, Signaling Confidence
Positive
May 15, 2025

Victorian Plumbing Group Plc announced that its Chief Financial Officer, Daniel Barton, purchased 12,194 ordinary shares at £0.82 per share, totaling £9,999.08. This transaction, which took place on May 15, 2025, increases Barton’s holding to 171,786 shares, representing approximately 0.05% of the company’s issued share capital. This move could indicate confidence in the company’s future prospects and may have implications for investor sentiment and market perception of Victorian Plumbing’s financial health.

The most recent analyst rating on (GB:VIC) stock is a Buy with a £1.05 price target. To see the full list of analyst forecasts on Victorian Plumbing Group Plc stock, see the GB:VIC Stock Forecast page.

Delistings and Listing ChangesRegulatory Filings and Compliance
Victorian Plumbing Expands Share Issuance Amid SAYE Plan Maturity
Neutral
May 15, 2025

Victorian Plumbing Group Plc, a prominent bathroom retailer in the UK, has issued 263,142 new ordinary shares to VG Corporate Trustee Limited in connection with the maturity of its SAYE plan. These shares will be admitted to trading on AIM, increasing the total number of ordinary shares to 327,737,158, which will affect the company’s total voting rights and may impact shareholder interest notifications under FCA rules.

The most recent analyst rating on (GB:VIC) stock is a Buy with a £1.15 price target. To see the full list of analyst forecasts on Victorian Plumbing Group Plc stock, see the GB:VIC Stock Forecast page.

Product-Related AnnouncementsBusiness Operations and StrategyFinancial Disclosures
Victorian Plumbing Reports Strong H1 2025 Results and Plans MFI Launch
Positive
May 14, 2025

Victorian Plumbing Group PLC has reported a 6% increase in revenue to £152.7 million for the first half of 2025, with a notable 15% rise in adjusted EBITDA to £15.2 million. The company has made significant strategic progress, including the completion of a warehouse transformation and expansion into new product categories, which has facilitated market share gains. The upcoming launch of the MFI brand into the UK homewares market is expected to leverage Victorian Plumbing’s existing strengths and tap into a £20 billion market, further enhancing its growth prospects.

The most recent analyst rating on (GB:VIC) stock is a Buy with a £1.05 price target. To see the full list of analyst forecasts on Victorian Plumbing Group Plc stock, see the GB:VIC Stock Forecast page.

Regulatory Filings and Compliance
Victorian Plumbing Group Announces Change in Significant Shareholder Stake
Neutral
Apr 10, 2025

Victorian Plumbing Group plc announced a change in the shareholding of a significant investor, Artemis Investment Management LLP, which now holds a 3.111496% stake as of April 7, 2025. This notification, in line with AIM Rule 17, reflects the company’s ongoing transparency in shareholder communications, potentially impacting its market perception and investor relations.

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.Date of analysis: May 16, 2025