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:
86.00 p
▲(12.27% Upside)
Action:UpgradedDate: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
Sustained, large revenue expansion indicates expanding customer adoption and category penetration through its online channel. Over 2-6 months this scale supports stronger supplier terms, higher fixed-cost absorption, and funds reinvestment in marketing and logistics to entrench market position.
Negative Factors
Low Net Profit Margin
Relatively weak net margins constrain retained earnings and limit the company's ability to finance growth internally. Over months this pressure can reduce scope for margin recovery investments, weaken returns to shareholders, and make the business more sensitive to cost inflation or pricing pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained, large revenue expansion indicates expanding customer adoption and category penetration through its online channel. Over 2-6 months this scale supports stronger supplier terms, higher fixed-cost absorption, and funds reinvestment in marketing and logistics to entrench market position.
Read all positive factors
Victorian Plumbing Group Plc (VIC) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£238.36M
Dividend Yield2.49%
Average Volume (3M)522.09K
Price to Earnings (P/E)6.8
Beta (1Y)1.03
Revenue Growth4.84%
EPS Growth103.78%
CountryUK
Employees715
SectorConsumer Cyclical
Sector Strength84
IndustryHome Improvement
Share Statistics
EPS (TTM)0.02
Shares Outstanding328,769,070
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
£124.00Price Target Upside61.88% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.05
Revenue Forecast (FY)£329.45M
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 | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 306.10M | 295.70M | 285.10M | 269.40M | 268.80M |
| Gross Profit | 143.50M | 147.80M | 134.60M | 121.00M | 130.50M |
| EBITDA | 28.20M | 19.10M | 19.70M | 15.60M | 23.10M |
| Net Income | 12.90M | 5.50M | 11.80M | 9.20M | 14.30M |
Balance Sheet | |||||
| Total Assets | 168.40M | 158.50M | 99.00M | 94.50M | 80.70M |
| Cash, Cash Equivalents and Short-Term Investments | 17.70M | 11.20M | 46.40M | 45.50M | 32.70M |
| Total Debt | 51.10M | 46.10M | 4.80M | 5.00M | 5.80M |
| Total Liabilities | 107.80M | 106.20M | 50.20M | 50.50M | 49.90M |
| Stockholders Equity | 60.60M | 52.30M | 48.80M | 44.00M | 30.80M |
Cash Flow | |||||
| Free Cash Flow | 20.60M | -7.40M | 12.70M | 14.00M | 21.20M |
| Operating Cash Flow | 22.00M | 17.40M | 17.70M | 16.90M | 24.40M |
| Investing Cash Flow | -5.40M | -43.90M | -5.00M | -2.90M | 2.70M |
| Financing Cash Flow | -10.10M | -8.70M | -11.80M | -1.20M | -4.90M |
Victorian Plumbing Group Plc Technical Analysis
Positive
76.60
Price Trends
77.69
Negative
75.99
Positive
72.62
Positive
Market Momentum
0.51
Negative
54.51
Neutral
86.04
Negative
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 above the 20-day moving average (MA) of 71.45, below the 50-day MA of 77.69, and above the 200-day MA of 72.62, indicating a neutral trend. The MACD of 0.51 indicates Negative momentum. The RSI at 54.51 is Neutral, neither overbought nor oversold. The STOCH value of 86.04 is Negative, 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 | £4.46B | 16.92 | 23.58% | 2.57% | 0.13% | -0.06% | |
70 Outperform | £238.36M | 6.79 | 22.57% | 2.49% | 4.84% | 103.78% | |
68 Neutral | £73.02M | 3.60 | 99.37% | 6.86% | 17.48% | ― | |
66 Neutral | £4.90B | 24.08 | 3.91% | 3.99% | -0.13% | -43.71% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | £459.11M | 13.99 | 29.52% | 3.83% | 3.98% | -22.94% | |
42 Neutral | £23.84M | -0.46 | -61.90% | ― | -11.65% | -273.57% |
* Consumer Cyclical Sector Average
GB:VIC
Victorian Plumbing Group Plc
72.60
-23.09
-24.13%
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Victorian Plumbing Group Plc Corporate Events
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...
Other
Victorian Plumbing Executives Exercise Options and Trim Holdings to Cover Tax
Neutral
Feb 26, 2026
Victorian Plumbing Group has disclosed director dealings involving the exercise of share options by Chief Financial Officer Daniel Barton and Group Managing Director and CEO designate Stephnie Judge under the company’s Deferred Bonus Plan. T...
Business Operations and StrategyDividendsShareholder Meetings
Victorian Plumbing Wins Full Shareholder Backing at 2026 AGM
Positive
Feb 25, 2026
Victorian Plumbing Group plc, the UK’s leading bathroom retailer, serves both B2C and trade customers with a comprehensive range of bathroom products and brands, and extends its reach into homewares and furniture through its online-only MFI ...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Victorian Plumbing lifts revenue 9% and buys transport firm to tighten fulfilment
Positive
Feb 25, 2026
Victorian Plumbing reported that trading momentum from the first quarter has continued, with revenue for the first 21 weeks of its 2026 financial year up 9%, driven by higher order volumes across all categories while maintaining margins. The board...
Business Operations and StrategyExecutive/Board Changes
Victorian Plumbing Founder to Hand CEO Role to Long-Serving Executive
Positive
Feb 25, 2026
Victorian Plumbing Group plc, the UK’s leading bathroom retailer with a growing online homewares arm under the MFI brand, offers a one-stop shop bathroom proposition and complementary furniture ranges to both B2C and trade customers. Its bus...
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.