Vpc Specialty Lending In... (VSL)

Company name:	Vpc Specialty Lending Investments Plc
EPIC:	VSL	Trading Currency:	GBX
Market Sector:	SSC5	ISIN:	GB00BVG6X439
Market Segment:	SSMM	Share Type:	DE
WWW Address:		Description:	ORD GBP0.01
Industry Sector:	GENERAL FINANCIAL

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
74.20	0.6 [0.82]	74.00	74.20	73.20	74.00	73.00	654,602
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
229.86	309.78	0.01	8.11	8.00	9.15	10.78	83.00 - 42.00

Vpc Specialty Lending In... Key Figures

(at previous day's close)
Market Cap.	229.86	m
Shares In Issue	309.78	m
Prev. Close	73.60
PE Ratio	9.15
Dividend Yield	10.78	%
EPS - basic	8.11	p
Dividend PS	8.00	p
Dividend Cover	1.01
Cash Flow PS	-8.45	p
Return On Equity (ROE)	9.28	%
Operating Margin	57.98	%
PEG Factor	-0.46
EPS Growth Rate	-19.94	%
Dividends PS Growth Rate	-	%
Net Debt	114.00	m
Gross Gearing	29.35	%
Quick Assets	365.27	m
Net Working Capital	-	m
Intangibles / Fixed Assets	-	%
Turnover PS	15.06	p
Pre-Tax Profit PS	8.73	p
Retained Profit PS	0.14	p
Cash PS	2.30	p
Net Cash PS	2.30	p
Net Tangible Asset Value PS *	94.09	p
Net Asset Value PS	93.33	p
Spread	0.20 (0.27%)
* 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.

Vpc Specialty Lending In... Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	74.00	70.00
4 weeks	74.00	64.00
12 weeks	74.00	61.40
1 year	83.00	42.00

Share Price Chart (5 years)

Vpc Specialty Lending In... Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	70.00	4.20	6.00	70.00	0.25		71.46
4 weeks	64.20	10.00	15.58	64.00	0.66		67.22
12 weeks	65.40	8.80	13.46	61.40	0.48		65.39
26 weeks	66.20	8.00	12.08	61.40	0.50		66.12
1 year	76.00	-1.80	-2.37	42.00	1.08		71.14
3 years	75.50	-1.30	-1.72	42.00	0.81		73.09
5 years	96.25	-22.05	-22.91	42.00	0.59		74.88
† periods calculated are whole weeks rather than calendar months

Vpc Specialty Lending In... Key Management Ratios

Vpc Specialty Lending In... Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	-
PE Ratio	9.15
Tobin's Q Ratio	0.58
Tobin's Q Ratio (excl. intangibles)	0.58
Dividend Yield	10.78	%
Market-to-Book Ratio	0.79
Price-to-Pre-Tax Profit PS	8.50
Price-to-Retained Profit PS	538.08
Price-to-Cash Flow PS	-8.78
Price-to-Sales PS	4.93
Price-to-Net Tangible Asset Value PS	0.80
Price-to-Cash PS	32.32
Net Working Capital PS	-
Price Pct to Working Capital PS	-	%
Earnings Yield	10.93	%
Average PE	12.53
Years in average	5
PE to PE average	73.01	%

Vpc Specialty Lending In... Financial Ratios

(Leverage Ratios)
Debt Ratio	29.35	%
Debt-to-Equity Ratio	0.42
Debt-to-Equity Ratio (excl. Intgbl)	0.42
Debt-to-Equity Market Value	0.53
Net Gearing	27.63	%
Net Gearing (excl. Intangibles)	27.63	%
Gross Gearing	29.35	%
Gross Gearing (excl. Intangibles)	29.35	%
Gearing Under 1 Year	-	%
Gearing Under 1 Year (excl. Intgbl)	-	%
Assets/Equity	1.42
Cash/Equity	2.44
(Liquidity Ratios)
Net Working Capital to Total Assets	88.52	%
Current Ratio	-
Quick Ratio (Acid Test)	-
Liquidity Ratio	-
Cash & Equiv/Current Assets	1.95	%
(Solvency Ratios)
Enterprise Value	343.92	m
CFO/Sales	-0.56
CFO/Attributable Profit	-
CFO/Assets	-0.06
CFO/Debt	-0.22
Total Debt/Equity Market Value	0.53
Total Debt/Sales	2.60
Total Debt/Pre-Tax Profit	4.48
Total Debt	121.11	m
Total Debt/Net Current Assets	0.33	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	1.48	%
5 yr Compound Earnings Growth	13.90	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	1

Beta (60-Mnth)	Beta (36-Mnth)
0.0060	0.0198

Vpc Specialty Lending In... Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	6.56	%
Return On Assets (ROA)	6.78	%
Net Profit Margin	57.98	%
Assets Turnover	0.12
Return On Equity (ROE)	9.28	%
Return On Investment (ROI)	6.78	%
Dividend Payout Ratio	98.64	%
Plowback Ratio	1.36	%
Growth from Plowback Ratio	0.12	%
Net Income Of Revenues	0.92	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	0.15
Fixed Assets Turnover	0.80
Current Assets Turnover	0.14
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	8.55
Debtors-to-Sales	716.70	%
Debt Collection Period	2,615.96	Days

Vpc Specialty Lending In... Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
19 Nov 2020	Interim	GBX	2.00	30/05/2020	30/09/2020	26/11/2020	27/11/2020	17/12/2020	-
20 Aug 2020	Interim	GBX	2.00	30/12/2019	30/06/2020	27/08/2020	28/08/2020	17/09/2020	-
07 May 2020	Interim	GBX	2.00	01/12/2019	31/03/2020	21/05/2020	22/05/2020	11/06/2020	-
27 Feb 2020	Interim	GBX	2.00	31/12/2018	31/12/2019	05/03/2020	06/03/2020	02/04/2020	8.00
20 Nov 2019	Interim	GBX	2.00	30/05/2019	30/09/2019	28/11/2019	29/11/2019	19/12/2019	-
21 Aug 2019	Interim	GBX	2.00	30/12/2018	30/06/2019	29/08/2019	30/08/2019	19/09/2019	-
22 May 2019	Interim	GBX	2.00	01/12/2018	31/03/2019	30/05/2019	31/05/2019	27/06/2019	-
28 Feb 2019	Interim	GBX	2.00	31/12/2017	31/12/2018	07/03/2019	08/03/2019	04/04/2019	8.00
14 Nov 2018	Interim	GBX	2.00	30/05/2018	30/09/2018	22/11/2018	23/11/2018	13/12/2018	-
22 Aug 2018	Interim	GBX	2.00	30/12/2017	30/06/2018	30/08/2018	31/08/2018	20/09/2018	-
23 May 2018	Interim	GBX	2.00	01/12/2017	31/03/2018	31/05/2018	01/06/2018	28/06/2018	-
01 Mar 2018	Interim	GBX	1.80	31/12/2016	31/12/2017	08/03/2018	09/03/2018	05/04/2018	6.80
16 Nov 2017	Interim	GBX	1.80	30/05/2017	30/09/2017	23/11/2017	24/11/2017	14/12/2017	-
23 Aug 2017	Interim	GBX	1.70	30/12/2016	30/06/2017	31/08/2017	01/09/2017	21/09/2017	-
24 May 2017	Interim	GBX	1.50	01/12/2016	31/03/2017	01/06/2017	02/06/2017	22/06/2017	-
01 Mar 2017	Interim	GBX	1.50	31/12/2015	31/12/2016	09/03/2017	10/03/2017	07/04/2017	6.00
17 Nov 2016	Interim	GBX	1.50	30/05/2016	30/09/2016	24/11/2016	25/11/2016	19/12/2016	-
17 Aug 2016	Interim	GBX	1.50	30/12/2015	30/06/2016	25/08/2016	26/08/2016	20/09/2016	-
26 May 2016	Interim	GBX	1.50	01/12/2015	31/03/2016	02/06/2016	03/06/2016	30/06/2016	-
01 Feb 2016	Interim	GBX	2.00	31/12/2014	31/12/2015	11/02/2016	12/02/2016	07/03/2016	4.79
12 Nov 2015	Interim	GBX	1.89	30/05/2015	30/09/2015	19/11/2015	20/11/2015	11/12/2015	-
13 Aug 2015	Interim	GBX	0.90	30/12/2014	30/06/2015	20/08/2015	21/08/2015	03/09/2015	-

Vpc Specialty Lending In... Fundamentals

	31 Dec 2016 (GBP)		31 Dec 2017 (GBP)		31 Dec 2018 (GBP)		31 Dec 2019 (GBP)
turnover	63.92	100.00%	37.92	100.00%	48.04	100.00%	46.66	100.00%	m
pre tax profit	26.89	42.07%	28.73	75.75%	37.04	77.12%	27.05	57.98%	m
attributable profit	22.90	35.83%	28.73	75.75%	37.04	77.12%	27.05	57.98%	m
retained profit	-0.27	-0.43%	4.32	11.39%	8.54	17.77%	0.43	0.92%	m
eps - basic (p)	6.01		7.76		10.13		8.11
eps - diluted (p)	6.01		7.76		10.13		8.11
dividends per share	6.00		6.80		8.00		8.00

Vpc Specialty Lending In... Balance Sheet

	31 Dec 2016 (GBP)		31 Dec 2017 (GBP)		31 Dec 2018 (GBP)		31 Dec 2019 (GBP)


	31 Dec 2016 (GBP)		31 Dec 2017 (GBP)		31 Dec 2018 (GBP)		31 Dec 2019 (GBP)
ASSETS
fixed assets	-	-%	-	-%	-	-%	-	-%	m
intangibles	-	-%	-	-%	-	-%	-	-%	m
fixed investments	61.64	10.14%	62.88	15.84%	68.89	17.89%	47.38	11.48%	m
current assets - other	-	-%	0.80	0.20%	-	-%	-	-%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	539.36	88.75%	310.55	78.22%	310.65	80.67%	358.16	86.79%	m
cash & securities	6.70	1.10%	22.78	5.74%	5.55	1.44%	7.11	1.72%	m

TOTAL	607.69	100%	397.01	100%	385.09	100%	412.65	100%	m

LIABILITIES
creditors - short	23.86	3.93%	12.47	3.14%	-	-%	-	-%	m
creditors - long	185.87	30.59%	44.30	11.16%	57.11	14.83%	121.11	29.35%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	209.73	34.51%	56.77	14.30%	57.11	14.83%	121.11	29.35%	m

EQUITY
ord cap, reserves	363.06	59.74%	339.40	85.49%	327.73	85.11%	291.48	70.64%	m
prefs, minorities	34.91	5.74%	0.84	0.21%	0.25	0.06%	0.06	0.01%	m

TOTAL	397.97	65.49%	340.24	85.70%	327.98	85.17%	291.54	70.65%	m

OTHER
NAV Basic	95.26		91.68		91.01		93.33
NAV Diluted	95.26		91.68		91.01		93.33

Vpc Specialty Lending In... Cash Flow Statement

	31 Dec 2016 (GBP)	31 Dec 2017 (GBP)	31 Dec 2018 (GBP)	31 Dec 2019 (GBP)
Operating CF	-25.07	-29.85	-11.63	-26.17	m
Pre-Financing CF	-17.38	177.14	26.38	-59.44	m
Retained CF	-55.48	-35.10	-15.54	2.80	m

Vpc Specialty Lending In... Brokers

Broker infomation is not available for this class of stock.