Added to YB: 2023-12-09
Pitch date: 2023-12-08
VP.L [bullish]
Vp plc
-10.29%
current return
Author Info
No bio for this author
Company Info
Vp plc provides equipment rental and associated services in the United Kingdom and internationally. The company engages in the rental of telescopic handlers for construction and housebuilding sites; rental of tools and specialist products to the industry and construction markets, as well as homeowners; and rental of safety, survey, communication, and test and measurement equipment.
Market Cap
GBP 232.0M
Pitch Price
GBP 5.35
Price Target
N/A
Dividend
6.63%
EV/EBITDA
3.28
P/E
-42.72
EV/Sales
1.17
Sector
Trading Companies and Distributors
Category
value
A high quality construction equipment leasing business
VP.L: Quality construction equip leasing biz, family-owned. 8x earnings despite headwinds. Diversified UK exposure, 15% ROCE target but modest growth. Solid FCF>net profit, 6% yield. Potential double-digit CAGR & re-rating if economy improves or Labour builds.
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