Videndum (VID)

Sector:

Engineering

Index:

FTSE Small Cap

329.00p
   
  • Change Today:
      1.50p
  • 52 Week High: 934.21
  • 52 Week Low: 272.93
  • Currency: UK Pounds
  • Shares Issued: 94.20m
  • Volume: 151,103
  • Market Cap: £309.92m

Berenberg lowers target price on Vitec

By Iain Gilbert

Date: Tuesday 15 Mar 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg lowered their target price on live streaming technology outfit Vitec from 1,840.0p to 1,590.op on Tuesday but stated the firm had still delivered a "solid recovery" and a "positive outlook" for 2022.
Berenberg said Vitec pulled off a solid performance in 2021, driven by a permanent structural change in the content-creation market and strong end-market recovery.

The German bank said that Vitec now estimates that roughly 75% of its revenue was now exposed to internet-driven photography, subscription platforms and live-streaming, which were all experiencing double-digit growth at present.

However, although Berenberg acknowledged that Vitec's shares had performed "exceptionally well" throughout the year, it noted that in recent weeks they had pulled back by roughly 20%, leading it to cut its target price but reiterate its 'buy' rating on the stock.

"We increase our revenue and adjusted earnings before interest and tax forecasts for full-year 2022 and 2023. We expect net debt will trend towards circa 2.3x by 30 June 2022, from 2.1x. Our price target falls to better reflect higher near-term market risks and peer group multiples. Shares currently trade on a compelling 14x full-year 2023 price-to-earnings ratio and 9x enterprise value/earnings before interest, tax, deprecation and amortisation ratio which offers upside of 34% to Monday's close," said Berenberg.

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

 

Videndum Market Data

Currency UK Pounds
Share Price 329.00p
Change Today 1.50p
% Change 0.46 %
52 Week High 934.21
52 Week Low 272.93
Volume 151,103
Shares Issued 94.20m
Market Cap £309.92m

Videndum Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
54.37% below the market average54.37% below the market average54.37% below the market average54.37% below the market average54.37% below the market average
39.39% below the sector average39.39% below the sector average39.39% below the sector average39.39% below the sector average39.39% below the sector average
Price Trend
81.92% below the market average81.92% below the market average81.92% below the market average81.92% below the market average81.92% below the market average
83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average
Income
26.82% above the market average26.82% above the market average26.82% above the market average26.82% above the market average26.82% above the market average
6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average
Growth
8.39% above the market average8.39% above the market average8.39% above the market average8.39% above the market average8.39% above the market average
15.15% above the sector average15.15% above the sector average15.15% above the sector average15.15% above the sector average15.15% above the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Videndum Dividends

  Latest Previous
  Final Interim
Ex-Div 20-Apr-23 22-Sep-22
Paid 19-May-23 28-Oct-22
Amount 25.00p 15.00p

Trades for 01-Mar-2024

Time Volume / Share Price
16:35 5,065 @ 329.00p
16:35 1 @ 329.00p
16:35 4 @ 329.00p
16:35 138 @ 329.00p
16:35 190 @ 329.00p

Videndum Key Personnel

Chair Ian P McHoul

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