Vanquis Banking Group 20 (VANQ)

Sector:

Financials

Index:

FTSE Small Cap

48.80p
   
  • Change Today:
      0.65p
  • 52 Week High: 230.00
  • 52 Week Low: 46.20
  • Currency: UK Pounds
  • Shares Issued: 256.48m
  • Volume: 373,799
  • Market Cap: £125.16m

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 4.6% 8.0% 3.3% 0.0% 2.0%
           
Continuing Operations          
PE Ratio - Adjusted 19.0 4.9 6.2 26.2 10.4
PE Ratio - Diluted n/a
14.6		 6.3
4.9		 n/a
6.1		 n/a
n/a		 15.3
11.1
PEG - Adjusted n/a n/a 0.0 n/a n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 1.5
n/a
Return on Capital Employed n/a
2.34%		 8.15%
9.38%		 0.10%
0.11%		 1.89%
1.95%		 14.41%
16.62%
Operating Margin (0.90%)
5.09%		 22.90%
26.34%		 29.71%
32.67%		 3.72%
3.83%		 19.17%
22.11%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 19.0 4.9 618.9 26.2 10.4
PE Ratio - Diluted n/a
14.6		 6.3
5.2		 n/a
n/a		 n/a
n/a		 15.3
11.1
PEG - Adjusted n/a 0.0 n/a n/a 0.0
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 0.0
0.0

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing (20.56%) 65.04% 29.53% (51.00%) 47.03%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Price/Book Value 0.7 1.0 1.8 1.5 1.9
Price/Tangible Book Value 0.7 1.0 1.8 1.5 1.9
Price/ Cash Flow (1.4) (2.3) 5.5 2.1 11.5
Price/Revenue 0.67 1.00 186.36 1.27 1.16
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 172.45p 191.39p 202.51p 209.46p 242.31p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 488.80 480.70 4.83 615.40 996.10
EBITDA 4.70
26.10		 122.20
131.20		 1.70
1.84		 48.80
49.50		 191.00
220.20
Depreciation (9.10)
(1.20)		 (12.10)
(4.60)		 (0.26)
(0.26)		 (25.90)
(25.90)		 n/a
n/a
Net Interest n/a
n/a		 n/a
n/a		 n/a
n/a		 (59.90)
(59.90)		 (72.00)
(72.00)
Profit Before Tax (4.40)
24.90		 110.10
126.60		 1.44
1.58		 (37.00)
(36.30)		 119.00
148.20
           
Revenue per Share 193.20p 191.59p 1.93p 242.67p 393.09p
Pre-Tax Profit per Share (1.74p)
9.84p		 43.88p
50.46p		 0.57p
0.63p		 (14.59p)
(14.31p)		 46.96p
58.48p
Market Capitalisation £ (Millions) 331.40 485.27 911.29 778.55 1,158.29
Enterprise Value (EV) £ (Millions) 946.70 1,349.97 1,815.39 1,367.95 1,854.89
EBITDA/EV 0.50%
2.76%		 9.05%
9.72%		 0.09%
0.10%		 3.57%
3.62%		 10.30%
11.87%
Operating Margin (0.90%)
5.09%		 22.90%
26.34%		 29.71%
32.67%		 3.72%
3.83%		 19.17%
22.11%
Capital Employed £ (Millions) 1,065.50 1,350.10 1,483.90 1,211.60 1,325.10
Return on Capital Employed n/a
2.34%		 8.15%
9.38%		 0.10%
0.11%		 1.89%
1.95%		 14.41%
16.62%
Invested Equity Capital £ (Millions) 588.90 619.90 703.30 738.70 743.80
           
Earnings per Share - Basic (2.40p)
9.21p		 30.80p
39.38p		 (12.80p)
59.35p		 (32.90p)
(18.38p)		 30.10p
41.67p
Earnings per Share - Diluted (2.30p)
8.87p		 30.50p
38.94p		 (12.80p)
59.05p		 (32.90p)
(18.38p)		 29.90p
41.36p
Earnings per Share - Adjusted 6.80p 38.70p 57.50p 11.70p 44.10p
Earnings per Share Growth - Basic n/a
-77%		 n/a
-34%		 n/a
n/a		 n/a
n/a		 10%
-10%
Earnings per Share Growth - Diluted n/a
-77%		 n/a
-34%		 n/a
n/a		 n/a
n/a		 10%
-10%
Earnings per Share Growth - Adjusted -82% -33% 392% -74% -9%
PE Ratio - Diluted n/a
14.6		 6.3
4.9		 n/a
6.1		 n/a
n/a		 15.3
11.1
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 1.5
n/a
Tax Rate (36.36%) 25.25% 5.34% n/a 35.80%
Dividend Cover 1.13
1.53		 2.53
2.57		 4.79
4.95		 n/a
n/a		 4.90
4.63
Interest Cover n/a
n/a		 n/a
n/a		 n/a
n/a		 0.38
0.39		 2.65
3.06
           
Continuing & Discontinued Operations          
Earnings per Share - Basic (2.40p)
9.21p		 30.80p
37.42p		 (0.13p)
(0.072p)		 (32.90p)
(36.04p)		 30.10p
41.67p
Earnings per Share - Diluted (2.30p)
8.87p		 30.50p
37.01p		 (0.13p)
(0.072p)		 (32.90p)
(36.04p)		 29.90p
41.36p
Earnings per Share - Adjusted 6.80p 38.70p 0.58p 11.70p 44.10p
Earnings per Share Growth - Basic n/a
-75%		 n/a
n/a		 n/a
n/a		 n/a
n/a		 341%
262%
Earnings per Share Growth - Diluted n/a
-76%		 n/a
n/a		 n/a
n/a		 n/a
n/a		 340%
260%
Earnings per Share Growth - Adjusted -82% 6,568% -95% -74% 262%
PE Ratio - Diluted n/a
14.6		 6.3
5.2		 n/a
n/a		 n/a
n/a		 15.3
11.1
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 0.0
0.0
Dividend Cover 1.13
1.53		 2.53
2.45		 0.05
(0.01)		 n/a
n/a		 4.90
4.63
Return on Equity (ROE) (1.02%)
3.96%		 12.49%
15.15%		 (0.05%)
(0.03%)		 (11.29%)
(12.37%)		 10.27%
14.20%
Operating Cash Flow per Share (91.11p) (81.67p) 65.06p 143.49p 39.58p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 109.84p (99.72p) (0.82p) 223.78p (11.88p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 6.00p 15.30p 12.00p n/a 9.00p
Dividend per Share Growth (60.78%) 27.50% n/a n/a (10.00%)
Dividend Yield 4.6% 8.0% 3.3% 0.0% 2.0%
Shareholders Funds 583.10 614.70 631.20 647.70 729.30
Net Borrowings £ (Millions) (119.90) 399.80 186.40 (330.30) 343.00
Net Asset Value per Share (inc. Intangibles) 172.45p 191.39p 202.51p 209.46p 242.31p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds inc Intangibles 583.10 614.70 631.20 647.70 729.30
Net Borrowings £ (Millions) (119.90) 399.80 186.40 (330.30) 343.00
Net Gearing (20.56%) 65.04% 29.53% (51.00%) 47.03%
Cash & Near Cash 743.30 464.90 717.70 919.70 353.60
Cash 127.47% 75.63% 113.70% 141.99% 48.48%
Gross Borrowings 623.40 864.70 904.10 589.40 696.60
Gross Gearing 106.91% 140.67% 143.24% 91.00% 95.52%
Borrowings Under 5 years 623.40 864.70 904.10 589.40 696.60
Under 5 years 106.91% 140.67% 143.24% 91.00% 95.52%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds exc Intangibles 436.30 480.20 507.70 531.20 614.00
Net Borrowings £ (Millions) (119.90) 399.80 186.40 (330.30) 343.00
Net Gearing (27.48%) 83.26% 36.71% (62.18%) 55.86%
Cash & Near Cash 743.30 464.90 717.70 919.70 353.60
Cash 170.36% 96.81% 141.36% 173.14% 57.59%
Gross Borrowings 623.40 864.70 904.10 589.40 696.60
Gross Gearing 142.88% 180.07% 178.08% 110.96% 113.45%
Borrowings Under 5 years 623.40 864.70 904.10 589.40 696.60
Under 5 years 142.88% 180.07% 178.08% 110.96% 113.45%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Quick Ratio n/a n/a n/a n/a n/a
Current Ratio n/a n/a 635.32 4,592.00 79.12

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 3: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 4: Normalised ratios are shown in blue text

Note 5: Forecast figures based on normalised accounts.

 

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