Victoria (VCP)

Company name:	Victoria Plc
EPIC:	VCP	Trading Currency:	GBX
Market Sector:	ASM6	ISIN:	GB00BZC0LC10
Market Segment:	AMSM	Share Type:	DE
WWW Address:	http://www.victoria.plc.uk/	Description:	ORD 5P
Industry Sector:	HOUSEHOLD GOODS & HOME CONSTRUCTION

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
590.00	-6.0 [-1.01]	590.00	596.00	600.00	612.00	588.00	255,618
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
689.70	116.90	0.55	2.30	-	256.52	-	1,217.50 - 514.00

Victoria Key Figures

(at previous day's close)
Market Cap.	689.70	m
Shares In Issue	116.90	m
Prev. Close	596.00
PE Ratio	256.52
Dividend Yield	-	%
EPS - basic	2.30	p
Dividend PS	-	p
Dividend Cover	-
Cash Flow PS	49.19	p
Return On Equity (ROE)	1.34	%
Operating Margin	-1.13	%
PEG Factor	2.46
EPS Growth Rate	104.11	%
Dividends PS Growth Rate	-	%
Net Debt	797.40	m
Gross Gearing	84.63	%
Quick Assets	516.10	m
Net Working Capital	418.40	m
Intangibles / Fixed Assets	69.98	%
Turnover PS	566.56	p
Pre-Tax Profit PS	-6.42	p
Retained Profit PS	2.40	p
Cash PS	298.38	p
Net Cash PS	74.17	p
Net Tangible Asset Value PS *	-225.32	p
Net Asset Value PS	178.10	p
Spread	6.00 (1.01%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Victoria Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	620.00	520.00
4 weeks	740.00	514.00
12 weeks	930.00	514.00
1 year	1,217.50	514.00

Share Price Chart (5 years)

Victoria Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	590.00	-	-	520.00	0.62		584.25
4 weeks	740.00	-150.00	-20.27	514.00	0.34		609.35
12 weeks	750.00	-160.00	-21.33	514.00	0.31		709.35
26 weeks	1,070.00	-480.00	-44.86	514.00	0.27		897.66
1 year	1,090.00	-500.00	-45.87	514.00	0.26		970.55
3 years	500.00	90.00	18.00	140.00	0.26		634.82
5 years	539.00	51.00	9.46	140.00	0.35		621.26
† periods calculated are whole weeks rather than calendar months

Victoria Key Management Ratios

Victoria Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	31.36
PE Ratio	256.52
Tobin's Q Ratio	0.54
Tobin's Q Ratio (excl. intangibles)	0.87
Dividend Yield	-	%
Market-to-Book Ratio	3.31
Price-to-Pre-Tax Profit PS	-91.96
Price-to-Retained Profit PS	246.32
Price-to-Cash Flow PS	11.99
Price-to-Sales PS	1.04
Price-to-Net Tangible Asset Value PS	-2.62
Price-to-Cash PS	1.98
Net Working Capital PS	357.92
Price Pct to Working Capital PS	1.65	%
Earnings Yield	0.39	%
Average PE	162.29
Years in average	3
PE to PE average	158.07	%

Victoria Financial Ratios

(Leverage Ratios)
Debt Ratio	80.94	%
Debt-to-Equity Ratio	4.25
Debt-to-Equity Ratio (excl. Intgbl)	-3.36
Debt-to-Equity Market Value	1.28
Net Gearing	58.87	%
Net Gearing (excl. Intangibles)	90.33	%
Gross Gearing	84.63	%
Gross Gearing (excl. Intangibles)	129.84	%
Gearing Under 1 Year	19.35	%
Gearing Under 1 Year (excl. Intgbl)	29.69	%
Assets/Equity	6.51
Cash/Equity	167.53
(Liquidity Ratios)
Net Working Capital to Total Assets	30.89	%
Current Ratio	2.60
Quick Ratio (Acid Test)	1.97
Liquidity Ratio	1.33
Cash & Equiv/Current Assets	51.26	%
(Solvency Ratios)
Enterprise Value	1,225.00	m
CFO/Sales	0.09
CFO/Attributable Profit	20.54
CFO/Assets	0.04
CFO/Debt	0.05
Total Debt/Equity Market Value	1.66
Total Debt/Sales	1.73
Total Debt/Pre-Tax Profit	-152.83
Total Debt	1,146.20	m
Total Debt/Net Current Assets	2.74	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	10

Beta (60-Mnth)	Beta (36-Mnth)
0.5536	0.5879

Victoria Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	-0.69	%
Return On Assets (ROA)	0.22	%
Net Profit Margin	0.42	%
Assets Turnover	0.51
Return On Equity (ROE)	1.34	%
Return On Investment (ROI)	0.27	%
Dividend Payout Ratio	-	%
Plowback Ratio	100.00	%
Growth from Plowback Ratio	1.19	%
Net Income Of Revenues	0.42	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	2.83
Fixed Assets Turnover	0.94
Current Assets Turnover	1.13
Net Working Capital Turnover
Inventory Turnover	4.02
(Other Operating Ratios)
Total Assets-to-Sales	1.95
Debtors-to-Sales	23.99	%
Debt Collection Period	87.57	Days

Victoria Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
23 Jun 2014	Special	GBX	292.00	29/03/2013	29/03/2014	16/07/2014	18/07/2014	25/07/2014	294.00
06 Nov 2013	Interim	GBX	2.00	28/03/2013	28/09/2013	27/11/2013	29/11/2013	20/12/2013	-
31 Jul 2013	Final	GBX	6.00	31/03/2012	31/03/2013	04/09/2013	06/09/2013	03/10/2013	8.00
29 Nov 2012	Interim	GBX	2.00	29/03/2012	29/09/2012	05/12/2012	07/12/2012	20/12/2012	-
26 Jun 2012	Final	GBX	7.00	31/03/2011	31/03/2012	08/08/2012	10/08/2012	06/09/2012	10.50
22 Nov 2011	Interim	GBX	3.50	01/04/2011	01/10/2011	30/11/2011	02/12/2011	15/12/2011	-
15 Jun 2011	Final	GBX	6.00	02/04/2010	02/04/2011	22/06/2011	24/06/2011	11/08/2011	9.00
16 Nov 2010	Interim	GBX	3.00	02/04/2010	02/10/2010	24/11/2010	26/11/2010	09/12/2010	-
29 Jun 2010	Final	GBX	5.40	03/04/2009	03/04/2010	23/06/2010	25/06/2010	05/08/2010	8.00
17 Jun 2009	Final	GBX	4.00	04/04/2008	04/04/2009	24/06/2009	26/06/2009	03/08/2009	8.00
12 Nov 2008	Final	GBX	4.00	27/03/2008	27/09/2008	19/11/2008	21/11/2008	18/12/2008	-
18 Jun 2008	Final	GBX	14.00	29/03/2007	29/03/2008	25/06/2008	27/06/2008	28/07/2008	14.00
15 Jun 2007	Final	GBX	12.50	31/03/2006	31/03/2007	27/06/2007	29/06/2007	30/07/2007	12.50
20 Jun 2006	Final	GBX	11.50	01/04/2005	01/04/2006	12/07/2006	14/07/2006	10/08/2006	11.50
23 Jun 2005	Final	GBX	11.50	02/04/2004	02/04/2005	29/06/2005	01/07/2005	01/08/2005	11.50
22 Jun 2004	Final	GBX	11.50	03/04/2003	03/04/2004	30/06/2004	02/07/2004	26/07/2004	11.50
16 Jun 2003	Final	GBX	9.00	31/03/2002	31/03/2003	02/07/2003	04/07/2003	28/07/2003	9.00
18 Jun 2002	Final	GBX	7.00	31/03/2001	31/03/2002	03/07/2002	05/07/2002	22/07/2002	7.00
20 Jun 2001	Final	GBX	6.50	31/03/2000	31/03/2001	27/06/2001	29/06/2001	23/07/2001	6.50
13 Jun 2000	Final	GBX	5.50	01/04/1999	01/04/2000	19/06/2000	23/06/2000	20/07/2000	5.50
26 Apr 2000	Special	GBX	15.00	01/04/1999	01/04/2000	19/06/2000	23/06/2000	20/07/2000	-
08 Jun 1999	Final	GBX	4.50	30/03/1998	30/03/1999	28/06/1999	02/07/1999	26/07/1999	4.50
03 Jun 1998	Final	GBX	3.50	28/03/1997	28/03/1998	15/06/1998	19/06/1998	13/07/1998	3.50

Victoria Fundamentals

	31 Mar 2018 (GBP)		31 Mar 2019 (GBP)		28 Mar 2020 (GBP)		03 Apr 2021 (GBP)
turnover	424.80	100.00%	574.40	100.00%	621.50	100.00%	662.30	100.00%	m
pre tax profit	13.40	3.15%	-3.70	-0.64%	-64.00	-10.30%	-7.50	-1.13%	m
attributable profit	8.60	2.02%	-7.90	-1.38%	-70.20	-11.30%	2.80	0.42%	m
retained profit	8.60	2.02%	-7.90	-1.38%	-70.20	-11.30%	2.80	0.42%	m
eps - basic (p)	8.58		-6.44		-55.97		2.30
eps - diluted (p)	8.37		-6.44		-55.97		2.29
dividends per share	-		-		-		-

Victoria Balance Sheet

	31 Mar 2018 (GBP)		31 Mar 2019 (GBP)		28 Mar 2020 (GBP)		03 Apr 2021 (GBP)


	31 Mar 2018 (GBP)		31 Mar 2019 (GBP)		28 Mar 2020 (GBP)		03 Apr 2021 (GBP)
ASSETS
fixed assets	142.90	18.08%	190.60	19.36%	211.60	17.30%	202.10	14.92%	m
intangibles	398.40	50.42%	465.10	47.24%	518.40	42.39%	471.60	34.82%	m
fixed investments	1.80	0.23%	0.20	0.02%	0.20	0.02%	0.20	0.01%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	100.30	12.69%	140.50	14.27%	165.40	13.53%	164.40	12.14%	m
debtors	92.80	11.74%	121.80	12.37%	150.50	12.31%	167.30	12.35%	m
cash & securities	54.00	6.83%	66.40	6.74%	176.80	14.46%	348.80	25.75%	m

TOTAL	790.20	100%	984.60	100%	1,222.90	100%	1,354.40	100%	m

LIABILITIES
creditors - short	125.50	15.88%	179.00	18.18%	258.70	21.15%	262.10	19.35%	m
creditors - long	399.10	50.51%	485.70	49.33%	703.60	57.54%	884.10	65.28%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	524.60	66.39%	664.70	67.51%	962.30	78.69%	1,146.20	84.63%	m

EQUITY
ord cap, reserves	265.60	33.61%	319.90	32.49%	260.60	21.31%	208.20	15.37%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	265.60	33.61%	319.90	32.49%	260.60	21.31%	208.20	15.37%	m

OTHER
NAV Basic	-		-		-		-
NAV Diluted	-		-		-		-

Victoria Cash Flow Statement

	31 Mar 2018 (GBP)	31 Mar 2019 (GBP)	28 Mar 2020 (GBP)	03 Apr 2021 (GBP)
Operating CF	37.00	52.40	67.40	57.50	m
Pre-Financing CF	-279.30	-80.60	12.10	11.80	m
Retained CF	27.30	8.20	112.10	174.80	m

Victoria Brokers

Name	Activity	Type	Mnemonic	Code
Arden Partners Plc	Market Maker(MMF)	Broker/Dealer	ARDA	ARRRGB2100A
Winterflood Securities Ltd	Market Maker(MMF)	Broker/Dealer	WINS	WNTSGB2LBIC