VIRGIN MONEY UK PLC (VUK)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

VUK - VIRGIN MONEY UK PLC

FNArena Sector : Banks
Year End: September
GICS Industry Group : Banks
Debt/EBITDA: N/A
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Virgin Money UK is a financial services and banking company operating in the UK. National Australia Bank demerged Clydesdale and Yorkshire Bank, or CYBG, in 2016. CYBG acquired Virgin Money in 2018. The following year CYBG consolidated its business under the Virgin Money brand in the UK. Sir Richard Branson had bought taxpayer bailout Northern Rock for 50% of the cost of saving in 2011, through a consortium, and renamed it Virgin Money UK.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.13

17 Apr
2024

0.010

OPEN

$4.12

0.24%

HIGH

$4.13

737,358

LOW

$4.12

TARGET
$4.25 2.9% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ABA . AFG . ANZ . BEN . BOQ . CBA . HLI . MYS . NAB . RMC . SUN . WBC .
FNARENA'S MARKET CONSENSUS FORECASTS
VUK: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) 85.1 xxx
DPS (cps) 22.8 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 4.8 xxx
Dividend Yield 5.5% xxx
Div Pay Ratio(%) 26.8% xxx
This company reports in GBP.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 2.97%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.49

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 22/02 - ex-div 3.82c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx25.7
DPS All xxxxxxxxxxxxxxx10.1
Sales/Revenue xxxxxxxxxxxxxxx7,447.2 M
Book Value Per Share xxxxxxxxxxxxxxx705.0
Net Operating Cash Flow xxxxxxxxxxxxxxx661.1 M
Net Profit Margin xxxxxxxxxxxxxxx4.75 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx3.66 %
Return on Invested Capital xxxxxxxxxxxxxxx0.98 %
Return on Assets xxxxxxxxxxxxxxx0.21 %
Return on Equity xxxxxxxxxxxxxxx3.66 %
Return on Total Capital xxxxxxxxxxxxxxx1.43 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx372.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx9,991 M
Long Term Debt xxxxxxxxxxxxxxx26,143 M
Total Debt xxxxxxxxxxxxxxx36,134 M
Goodwill - Gross xxxxxxxxxxxxxxx21 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx21,336 M
Price To Book Value xxxxxxxxxxxxxxx0.45

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx36.8 M
Capex % of Sales xxxxxxxxxxxxxxx0.49 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,226 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx11,954 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

11/03/2024

3

Hold

$4.25

2.91%

Ord Minnett raises its target for Virgin Money UK to $4.25 to correspond with the bid by Nationwide Building Society, which is pitched at a 5% premium to the broker's stand-alone fair value estimate. The bid is also 38% above the share price prior to the announcement.

The board of Virgin Money recommends shareholders accept if a firm offer is made. Nationwide has until April 4 to either announce a firm offer or withdraw its intentions.

The broker doesn't anticipate a higher competing bid and suggests investors contemplate downside risk should the acquisition not proceed.

One alternative for investors, highlights the analyst, is to sell shares of Virgin Money UK on market and investing in another UK bank (with some currently trading at discounts to the broker's fair value) to maintain exposure to the sector.

The Hold rating is unchanged.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 36.36 cents and EPS of 134.54 cents.
Ord Minnett forecasts a full year FY25 dividend of 36.36 cents and EPS of 123.64 cents.

Citi

xx/xx/xxxx

1

xxx

-

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >

VUK STOCK CHART

FNArena News on VUK

1
Weekly Ratings, Targets, Forecast Changes – 15-03-24

Mar 18 2024 - Weekly Reports
2
Rudi’s View: CBA, GQG, Pilbara Minerals, Sonic Healthcare, Webjet & Xero

Mar 14 2024 - Rudi's View
3
FNArena Corporate Results Monitor – 08-02-2024

Feb 08 2024 - Australia
4
Weekly Ratings, Targets, Forecast Changes – 15-12-23

Dec 18 2023 - Weekly Reports
5
FNArena Corporate Results Monitor – 27-11-2023

Nov 27 2023 - Australia

Latest Banks News

1
Bank of Queensland: Beautiful One Day

Apr 18 2024 - Australia
2
Rudi’s View: Investor Worries, Gold, Westpac, and Conviction Buys

Apr 03 2024 - Rudi's View
3
Are Australian Banks Overpriced?

Mar 14 2024 - Australia
4
Treasure Chest: Banks & Exuberance

Jan 17 2024 - Treasure Chest
5
Commonwealth Bank: Consolidation Before Upside

Dec 19 2023 - Technicals
6
Australian Banks Post FY23 Results: Same, Same

Nov 30 2023 - Feature Stories
7
Costs Continue To Drag On Westpac

Nov 07 2023 - Australia
8
In Brief: House Prices; Mortgage Stress, Banks

Nov 03 2023 - Weekly Reports
9
Australian Banks: Choppy And Messy

Sep 28 2023 - Technicals
10
Post August Reflections

Sep 05 2023 - Australia