Vistry Group (VTY)

Sector:

Household Goods

Index:

FTSE 250

1,214.00p
   
  • Change Today:
    -27.00p
  • 52 Week High: 1,310.00
  • 52 Week Low: 636.00
  • Currency: UK Pounds
  • Shares Issued: 337.50m
  • Volume: 1,369,708
  • Market Cap: £4,097.24m
  • RiskGrade: 198

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 0.0% 8.8% 5.1% 2.1% 1.5%
           
Continuing Operations          
PE Ratio - Adjusted 10.4 4.5 9.4 17.9 13.0
PE Ratio - Diluted 14.4
11.1		 7.2
4.1		 10.4
10.0		 27.1
20.0		 14.4
13.2
PEG - Adjusted n/a 0.5 0.1 n/a 4.3
PEG - Diluted n/a
n/a		 n/a
0.1		 0.0
0.1		 n/a
n/a		 n/a
6.6
Return on Capital Employed 12.59%
12.68%		 8.91%
13.77%		 0.16%
0.17%		 5.61%
7.24%		 14.06%
15.06%
Operating Margin 8.55%
10.39%		 8.93%
14.48%		 11.86%
12.36%		 5.06%
6.77%		 16.05%
17.19%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 10.4 4.5 934.6 17.9 13.0
PE Ratio - Diluted 14.4
11.1		 7.2
4.1		 1,028.0
989.8		 27.1
20.0		 14.4
13.2
PEG - Adjusted n/a 0.0 n/a n/a 4.3
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
6.6

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing 5.64% (0.97%) (8.42%) 0.19% (26.65%)

  £ (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 1.5 0.7 1.5 1.4 1.6
Price/Tangible Book Value 1.5 0.7 1.5 1.4 1.6
Price/ Cash Flow (44.0) 27.9 9.9 11.4 9.2
Price/Revenue 0.89 0.53 108.07 1.15 1.76
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 601.62p 842.10p 773.38p 680.79p 866.46p
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 3,564.20 2,771.30 24.30 1,811.73 1,130.77
EBITDA 304.80
370.40		 247.50
401.30		 3.21
3.33		 123.43
154.42		 181.51
194.36
Depreciation n/a
n/a		 n/a
n/a		 (0.33)
(0.33)		 (31.71)
(31.71)		 n/a
n/a
Net Interest n/a
n/a		 n/a
n/a		 0.04
0.04		 (7.93)
(7.93)		 (6.76)
(6.76)
Profit Before Tax 304.80
370.40		 247.48
401.28		 3.23
3.35		 98.66
129.65		 174.75
187.60
           
Revenue per Share 1,030.12p 1,173.29p 10.96p 820.10p 772.91p
Pre-Tax Profit per Share 88.09p
107.05p		 104.78p
169.89p		 1.45p
1.51p		 44.66p
58.69p		 119.45p
128.23p
Market Capitalisation £ (Millions) 3,182.51 2,171.81 2,632.11 2,088.07 2,014.43
Enterprise Value (EV) £ (Millions) 3,784.71 2,806.59 2,829.42 2,418.97 2,037.43
EBITDA/EV 8.05%
9.79%		 8.82%
14.30%		 0.11%
0.12%		 5.10%
6.38%		 8.91%
9.54%
Operating Margin 8.55%
10.39%		 8.93%
14.48%		 11.86%
12.36%		 5.06%
6.77%		 16.05%
17.19%
Capital Employed £ (Millions) 2,920.60 2,914.97 1,981.95 1,900.67 1,290.62
Return on Capital Employed 12.59%
12.68%		 8.91%
13.77%		 0.16%
0.17%		 5.61%
7.24%		 14.06%
15.06%
Invested Equity Capital £ (Millions) 3,552.10 3,530.37 2,459.95 2,246.51 1,271.97
           
Earnings per Share - Basic 64.60p
83.53p		 86.50p
151.63p		 114.60p
119.05p		 34.80p
46.96p		 94.60p
103.37p
Earnings per Share - Diluted 63.70p
82.43p		 86.30p
151.31p		 114.10p
118.51p		 34.70p
46.91p		 94.50p
103.27p
Earnings per Share - Adjusted 88.20p 137.50p 125.50p 52.60p 104.30p
Earnings per Share Growth - Basic -25%
-45%		 -24%
27%		 229%
154%		 -63%
-55%		 -7%
2%
Earnings per Share Growth - Diluted -26%
-46%		 -24%
28%		 229%
153%		 -63%
-55%		 -7%
2%
Earnings per Share Growth - Adjusted -36% 10% 139% -50% 3%
PE Ratio - Diluted 14.4
11.1		 7.2
4.1		 10.4
10.0		 27.1
20.0		 14.4
13.2
PEG - Diluted n/a
n/a		 n/a
0.1		 0.0
0.1		 n/a
n/a		 n/a
6.6
Tax Rate 26.71% 17.46% 22.59% 26.08% 20.81%
Dividend Cover n/a
n/a		 2.50
2.76		 2.09
1.98		 2.63
2.35		 5.09
5.04
Interest Cover n/a
n/a		 n/a
n/a		 17.88
18.52		 4.77
5.96		 24.09
25.78
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 64.60p
83.53p		 86.50p
151.61p		 1.16p
1.20p		 34.80p
46.96p		 94.60p
103.37p
Earnings per Share - Diluted 63.70p
82.43p		 86.30p
151.29p		 1.15p
1.20p		 34.70p
46.91p		 94.50p
103.27p
Earnings per Share - Adjusted 88.20p 137.50p 1.27p 52.60p 104.30p
Earnings per Share Growth - Basic -25%
-45%		 7,378%
12,517%		 -97%
-97%		 -63%
-55%		 -7%
2%
Earnings per Share Growth - Diluted -26%
-46%		 7,393%
12,547%		 -97%
-97%		 -63%
-55%		 -7%
2%
Earnings per Share Growth - Adjusted -36% 10,754% -98% -50% 3%
PE Ratio - Diluted 14.4
11.1		 7.2
4.1		 1,028.0
989.8		 27.1
20.0		 14.4
13.2
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
6.6
Dividend Cover n/a
n/a		 2.50
2.76		 0.02
0.02		 2.63
2.35		 5.09
5.04
Return on Equity (ROE) 6.29%
8.14%		 5.79%
10.14%		 0.10%
0.11%		 3.42%
4.62%		 10.88%
11.89%
Operating Cash Flow per Share (20.84p) 22.39p 119.99p 82.23p 147.91p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (74.59p) 117.72p 0.26p (9.49p) 135.85p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share n/a 55.00p 60.00p 20.00p 20.50p
Dividend per Share Growth n/a (8.33%) 200.00% (2.44%) (64.04%)
Dividend Yield 0.0% 8.8% 5.1% 2.1% 1.5%
Shareholders Funds 3,318.50 3,249.67 2,390.58 2,195.08 1,271.97
Net Borrowings £ (Millions) 187.10 (31.56) (201.40) 4.27 (338.97)
Net Asset Value per Share (inc. Intangibles) 601.62p 842.07p 773.38p 680.79p 866.46p

  £ (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 3,318.50 3,249.67 2,390.58 2,195.08 1,271.97
Net Borrowings £ (Millions) 187.10 (31.56) (201.40) 4.27 (338.97)
Net Gearing 5.64% (0.97%) (8.42%) 0.19% (26.65%)
Cash & Near Cash 418.30 676.76 398.71 340.99 361.96
Cash 12.61% 20.83% 16.68% 15.53% 28.46%
Gross Borrowings 605.40 645.20 197.31 345.25 23.00
Gross Gearing 18.24% 19.85% 8.25% 15.73% 1.81%
Borrowings Under 5 years 605.40 645.20 197.31 345.25 23.00
Under 5 years 18.24% 19.85% 8.25% 15.73% 1.81%
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 2,081.60 1,988.97 1,715.26 1,503.99 1,267.63
Net Borrowings £ (Millions) 187.10 (31.56) (201.40) 4.27 (338.97)
Net Gearing 8.99% (1.59%) (11.74%) 0.28% (26.74%)
Cash & Near Cash 418.30 676.76 398.71 340.99 361.96
Cash 20.10% 34.03% 23.25% 22.67% 28.55%
Gross Borrowings 605.40 645.20 197.31 345.25 23.00
Gross Gearing 29.08% 32.44% 11.50% 22.96% 1.81%
Borrowings Under 5 years 605.40 645.20 197.31 345.25 23.00
Under 5 years 29.08% 32.44% 11.50% 22.96% 1.81%
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 0.65 0.78 0.65 0.60 1.20
Current Ratio 2.57 2.59 2.63 2.50 4.35

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: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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