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
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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