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

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

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

GBP | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|

## Revenue | 252.3m | 290.2m | 326.0m |

| (4%) | 15% | 12% |

## Cost of goods sold | 93.6m | 106.4m | 118.0m |

## Gross profit | 158.7m | 183.8m | 208.0m |

| 63% | 63% | 64% |

## General and administrative expense | 58.4m | 72.7m | 81.1m |

## Operating expense total | 58.4m | 72.7m | 81.1m |

## EBIT | 100.3m | 111.1m | 126.9m |

| 40% | 38% | 39% |

## Pre tax profit | 100.3m | 111.0m | 127.5m |

## Income tax expense | 17.8m | 11.5m | 16.9m |

## Net Income | 82.5m | 99.5m | 110.6m |

## EPS | 1.0 | 1.2 | 1.3 |

GBP | H1, 2017 | H1, 2018 | H1, 2019 |
---|---|---|---|

## Revenue | 130.9m | 166.6m | 145.7m |

## Cost of goods sold | 48.5m | 60.3m | 58.3m |

## Gross profit | 82.4m | 106.3m | 87.4m |

| 63% | 64% | 60% |

## General and administrative expense | 32.3m | 43.3m | 37.7m |

## Operating expense total | 32.3m | 43.3m | 37.7m |

## EBIT | 50.1m | 63.0m | 49.7m |

| 38% | 38% | 34% |

## Pre tax profit | 50.1m | 63.3m | 50.2m |

## Income tax expense | 10.4m | 7.8m | 6.0m |

## Net Income | 39.7m | 55.5m | 44.2m |

GBP | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|

## Cash | 64.0m | 120.1m | 71.2m |

## Accounts Receivable | 37.7m | 32.4m | 33.6m |

## Inventories | 61.8m | 61.5m | 69.3m |

## Current Assets | 174.8m | 229.5m | 257.6m |

## PP&E | 255.5m | 258.6m | 253.4m |

## Goodwill | 11.7m | 14.3m | 14.3m |

## Total Assets | 472.7m | 538.1m | 563.8m |

## Accounts Payable | 3.9m | 3.4m | 2.5m |

## Current Liabilities | 53.8m | 41.3m | 51.4m |

## Non-Current Liabilities | 29.8m | 18.4m | 22.5m |

## Total Liabilities | 83.6m | 59.7m | 73.9m |

## Common Stock | 900.0k | 900.0k | 900.0k |

## Additional Paid-in Capital | 37.8m | 43.0m | 48.0m |

## Retained Earnings | 355.4m | 428.0m | 440.6m |

## Total Equity | 389.1m | 478.4m | 489.9m |

## Financial Leverage | 1.2 x | 1.1 x | 1.2 x |

GBP | H1, 2017 | H1, 2018 | H1, 2019 |
---|---|---|---|

## Cash | 86.0m | 64.8m | 49.1m |

## Inventories | 66.3m | 62.8m | 85.3m |

## Current Assets | 202.7m | 203.7m | 180.4m |

## PP&E | 257.3m | 254.7m | 254.1m |

## Total Assets | 504.9m | 508.9m | 486.8m |

## Current Liabilities | 66.8m | 45.8m | 41.9m |

## Non-Current Liabilities | 19.1m | 18.9m | 21.6m |

## Total Liabilities | 85.9m | 64.7m | 63.5m |

## Common Stock | 900.0k | 900.0k | 900.0k |

## Additional Paid-in Capital | 41.4m | 46.0m | 49.3m |

## Retained Earnings | 375.4m | 391.5m | 369.5m |

## Total Equity | 419.0m | 444.2m | 423.3m |

## Financial Leverage | 1.2 x | 1.1 x | 1.2 x |

GBP | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|

## Net Income | 82.5m | 99.5m | 110.6m |

## Depreciation and Amortization | 15.6m | 17.6m | 18.0m |

## Accounts Receivable | (13.4m) | 8.9m | (5.6m) |

## Inventories | (3.4m) | 200.0k | (7.1m) |

## Accounts Payable | (3.3m) | 5.6m | 1.9m |

## Cash From Operating Activities | 83.4m | 117.6m | 129.0m |

## 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 | 8.6m | 56.7m | (49.2m) |

## Interest Paid | 300.0k | ||

## Income Taxes Paid | 12.7m | 19.8m | 7.4m |

GBP | H1, 2017 | H1, 2018 | H1, 2019 |
---|---|---|---|

## Net Income | 39.7m | 55.5m | 44.2m |

## Depreciation and Amortization | 8.1m | 9.0m | 8.4m |

## 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 | 60.3m | 67.7m | 29.2m |

## 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 | 8.1m | 3.8m |

GBP | FY, 2016 |
---|---|

## Financial Leverage | 1.2 x |

## P/E Ratio | 16.2 |

FY, 2016 | H1, 2017 | FY, 2017 | H1, 2018 | FY, 2018 | H1, 2019 | |
---|---|---|---|---|---|---|

## Aircrafts Using Solutions (VICTREX) | 15 k | 15 k | 15 k | 20 k | 20 k | |

## Implanted Devices Using Solutions (Invibio PEEK OPTIMA) | 9 m | 9 m | 9 m | 9 m | 9 m | |

## Machines Using Company`s Solutions | 1 b | 1 b | 1 b | 4 b | 4 b | |

## Mobile Devices Using Solutions (APTIV Film) | 100 m | 100 m | 100 m | 100 m | 100 m | |

## Sales Volume (Americas), tonnes | 662 | 391 | 788 | 404 | 835 | 395 |

## Sales Volume (Asia-Pacific), tonnes | 1.30 k | 438 | 1.05 k | 732 | 1.26 k | 478 |

## Sales Volume (EMEA), tonnes | 1.99 k | 1.03 k | 2.16 k | 1.12 k | 2.31 k | 1.03 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 k | 480 |

## Sales Volume (Value Added Resellers), tonnes | 1.40 k | 802 | 1.69 k | 867 | 1.77 k | 733 |

## Sales Volume, tonnes | 3.95 k | 1.86 k | 3.99 k | 2.26 k | 4.41 k | 1.90 k |

## Seals Use To Date (Energy, VICTREX PEEK) | 75 m | 75 m | 75 m | 75 m | 75 m | |

## Vehicles Using Solutions (VICTREX PEEK) | 200 m | 200 m | 200 m | 500 m | 500 m |

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

FY, 2018 | |
---|---|

Male (Executive Leadership), percent | 75 % |

Female (Executive Leadership), percent | 25 % |

FY, 2018 | |
---|---|

Female | 21 % |

Male | 79 % |