Victrex (VCT.L) stock price, revenue, and financials

Victrex market cap is £1.7 b, and annual revenue was £326 m in FY 2018

£1.7 B

VCT.L Mkt cap, 19-Nov-2020

£145.7 M

Victrex Revenue H1, 2019
Victrex Gross profit (H1, 2019)87.4 M
Victrex Gross profit margin (H1, 2019), %60%
Victrex Net income (H1, 2019)44.2 M
Victrex EBIT (H1, 2019)49.7 M
Victrex Cash, 31-Mar-201949.1 M

Victrex Revenue

Victrex revenue was £326 m in FY, 2018 which is a 12.3% year over year increase from the previous period.

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Victrex Revenue Breakdown

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Victrex revenue breakdown by business segment: 17.1% from Medical and 82.9% from Industrial

Victrex Income Statement

Annual

GBPFY, 2016FY, 2017FY, 2018

Revenue

252.3m290.2m326.0m

Revenue growth, %

(4%)15%12%

Cost of goods sold

93.6m106.4m118.0m

Gross profit

158.7m183.8m208.0m

Gross profit Margin, %

63%63%64%

General and administrative expense

58.4m72.7m81.1m

Operating expense total

58.4m72.7m81.1m

EBIT

100.3m111.1m126.9m

EBIT margin, %

40%38%39%

Pre tax profit

100.3m111.0m127.5m

Income tax expense

17.8m11.5m16.9m

Net Income

82.5m99.5m110.6m

EPS

1.01.21.3

Half Year

GBPH1, 2017H1, 2018H1, 2019

Revenue

130.9m166.6m145.7m

Cost of goods sold

48.5m60.3m58.3m

Gross profit

82.4m106.3m87.4m

Gross profit Margin, %

63%64%60%

General and administrative expense

32.3m43.3m37.7m

Operating expense total

32.3m43.3m37.7m

EBIT

50.1m63.0m49.7m

EBIT margin, %

38%38%34%

Pre tax profit

50.1m63.3m50.2m

Income tax expense

10.4m7.8m6.0m

Net Income

39.7m55.5m44.2m

Victrex Balance Sheet

Annual

GBPFY, 2016FY, 2017FY, 2018

Cash

64.0m120.1m71.2m

Accounts Receivable

37.7m32.4m33.6m

Inventories

61.8m61.5m69.3m

Current Assets

174.8m229.5m257.6m

PP&E

255.5m258.6m253.4m

Goodwill

11.7m14.3m14.3m

Total Assets

472.7m538.1m563.8m

Accounts Payable

3.9m3.4m2.5m

Current Liabilities

53.8m41.3m51.4m

Non-Current Liabilities

29.8m18.4m22.5m

Total Liabilities

83.6m59.7m73.9m

Common Stock

900.0k900.0k900.0k

Additional Paid-in Capital

37.8m43.0m48.0m

Retained Earnings

355.4m428.0m440.6m

Total Equity

389.1m478.4m489.9m

Financial Leverage

1.2 x1.1 x1.2 x

Half Year

GBPH1, 2017H1, 2018H1, 2019

Cash

86.0m64.8m49.1m

Inventories

66.3m62.8m85.3m

Current Assets

202.7m203.7m180.4m

PP&E

257.3m254.7m254.1m

Total Assets

504.9m508.9m486.8m

Current Liabilities

66.8m45.8m41.9m

Non-Current Liabilities

19.1m18.9m21.6m

Total Liabilities

85.9m64.7m63.5m

Common Stock

900.0k900.0k900.0k

Additional Paid-in Capital

41.4m46.0m49.3m

Retained Earnings

375.4m391.5m369.5m

Total Equity

419.0m444.2m423.3m

Financial Leverage

1.2 x1.1 x1.2 x

Victrex Cash Flow

Annual

GBPFY, 2016FY, 2017FY, 2018

Net Income

82.5m99.5m110.6m

Depreciation and Amortization

15.6m17.6m18.0m

Accounts Receivable

(13.4m)8.9m(5.6m)

Inventories

(3.4m)200.0k(7.1m)

Accounts Payable

(3.3m)5.6m1.9m

Cash From Operating Activities

83.4m117.6m129.0m

Purchases of PP&E

(25.9m)(16.7m)(9.9m)

Cash From Investing Activities

(35.9m)(25.7m)(77.6m)

Dividends Paid

(39.9m)(40.4m)(105.6m)

Cash From Financing Activities

(38.9m)(35.2m)(100.6m)

Net Change in Cash

8.6m56.7m(49.2m)

Interest Paid

300.0k

Income Taxes Paid

12.7m19.8m7.4m

Half Year

GBPH1, 2017H1, 2018H1, 2019

Net Income

39.7m55.5m44.2m

Depreciation and Amortization

8.1m9.0m8.4m

Accounts Receivable

4.7m(3.4m)(300.0k)

Inventories

(3.7m)(2.1m)(16.3m)

Accounts Payable

9.5m(700.0k)(10.7m)

Cash From Operating Activities

60.3m67.7m29.2m

Purchases of PP&E

(12.2m)(4.4m)(8.8m)

Cash From Investing Activities

(12.2m)(31.4m)58.2m

Dividends Paid

(30.0m)(94.0m)(110.8m)

Cash From Financing Activities

26.4m(91.0m)(109.5m)

Net Change in Cash

21.7m(54.7m)(22.1m)

Income Taxes Paid

8.1m3.8m

Victrex Ratios

GBPFY, 2016

Financial Leverage

1.2 x

P/E Ratio

16.2

Victrex Operating Metrics

FY, 2016H1, 2017FY, 2017H1, 2018FY, 2018H1, 2019

Aircrafts Using Solutions (VICTREX)

15 k15 k15 k20 k20 k

Implanted Devices Using Solutions (Invibio PEEK OPTIMA)

9 m9 m9 m9 m9 m

Machines Using Company`s Solutions

1 b1 b1 b4 b4 b

Mobile Devices Using Solutions (APTIV Film)

100 m100 m100 m100 m100 m

Sales Volume (Americas), tonnes

662 391 788 404 835 395

Sales Volume (Asia-Pacific), tonnes

1.30 k438 1.05 k732 1.26 k478

Sales Volume (EMEA), tonnes

1.99 k1.03 k2.16 k1.12 k2.31 k1.03 k

Sales Volume (Electronics), tonnes

977 233 626 432 746 251

Sales Volume (Energy and Other Industrial), tonnes

485 267 555 334 680 333

Sales Volume (Medical), tonnes

223 94 194 100 180 102

Sales Volume (Transport), tonnes

869 463 929 523 1.04 k480

Sales Volume (Value Added Resellers), tonnes

1.40 k802 1.69 k867 1.77 k733

Sales Volume, tonnes

3.95 k1.86 k3.99 k2.26 k4.41 k1.90 k

Seals Use To Date (Energy, VICTREX PEEK)

75 m75 m75 m75 m75 m

Vehicles Using Solutions (VICTREX PEEK)

200 m200 m200 m500 m500 m

Victrex Sustainability Metrics

 FY, 2018

Water Used

605 k cubic meters

Hazardous Waste Generated

54.61 k tonnes

Hazardous Waste (Landfilled)

7 tonnes

Greenhouse Gas Emissions (Scope 3)

8.20 k metric tons of carbon dioxide equivalent

Greenhouse Gas Emissions (Scope 2)

12.69 k metric tons of carbon dioxide equivalent

Greenhouse Gas Emissions (Scope 1)

25.23 k metric tons of carbon dioxide equivalent

Energy Used

847 k GJ

Victrex Human Capital

Victrex's employees are reported to be approximately 21% female and 79% male.

Job Roles

FY, 2018
Male (Executive Leadership), percent75 %
Female (Executive Leadership), percent25 %

Gender

FY, 2018
Female21 %
Male79 %

Victrex Employee Rating

3.430 votes
Culture & Values
3.2
Work/Life Balance
3.8
Senior Management
3
Salary & Benefits
4.3
Career Opportunities
2.7
Source