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Added to YB: 2023-12-09

Pitch date: 2023-12-08

VP.L [bullish]

Vp plc

-7.72%

current return

Author Info

No bio for this author

Company Info

Vp plc provides equipment rental and related services in the United Kingdom and internationally. The company provides materials handling solutions, including telehandlers and plant and equipment for residential housebuilding; and supports upstream projects with pipeline, infrastructure maintenance, and well testing services, as well as downstream projects, including industrial shutdowns and space monitoring solutions.

Market Cap

GBP 227.2M

Pitch Price

GBP 5.63

Price Target

N/A

Dividend

6.87%

EV/EBITDA

4.15

P/E

15.76

EV/Sales

1.13

Sector

Trading Companies and Distributors

Category

value

Show full summary:
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.

Read full article (1 min)