VIRGIN MONEY UK PLC (VUK)
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VUK - VIRGIN MONEY UK PLC

FNArena Sector : Banks
Year End: September
GICS Industry Group : Banks
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

$3.23

08 Dec
2022

0.040

OPEN

$3.18

1.25%

HIGH

$3.23

2,925,045

LOW

$3.12

TARGET
$4.20 30.0% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ABA . ANZ . BEN . BOQ . CBA . NAB . SUN . WBC . GMA . MOC . AFG . MYS . RMC .
FNARENA'S MARKET CONSENSUS FORECASTS
VUK: 1
Title FY23
Forecast		 FY24
Forecast
EPS (cps) 53.4 xxx
DPS (cps) 21.4 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 6.1 xxx
Dividend Yield 6.6% xxx
Div Pay Ratio(%) 40.0% 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: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

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: 19/05 - ex-div 4.35c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2022 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx58.1
DPS All xxxxxxxxxxxxxxx17.7
Sales/Revenue xxxxxxxxxxxxxxx4,374.4 M
Book Value Per Share xxxxxxxxxxxxxxx699.4
Net Operating Cash Flow xxxxxxxxxxxxxxx1,315.4 M
Net Profit Margin xxxxxxxxxxxxxxx19.13 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx9.12 %
Return on Invested Capital xxxxxxxxxxxxxxx2.47 %
Return on Assets xxxxxxxxxxxxxxx0.51 %
Return on Equity xxxxxxxxxxxxxxx9.12 %
Return on Total Capital xxxxxxxxxxxxxxx2.58 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx1,202.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

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EXPERT VIEWS
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Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

22/11/2022

1

Outperform

$4.20

30.03%

Virgin Money UK’s leverage to rising interest rates continued to shine through in the second half, Macquarie notes, providing margin upside into FY23. The announced buyback is small, but given the stock trades at only 0.4x net tangible assets, highly earnings accretive.

Add in a relatively resilient expected margin performance and the broker believes Virgin Money should broadly sustain and potentially grow its earnings even as impairment charges rise.

While there is scope for the stock to re-rate, the main upside risk will likely be driven by the broader sector, Macquarie suggests. Outperform retained, target rises to $4.20 from $3.95.

FORECAST
Macquarie forecasts a full year FY23 dividend of 21.37 cents and EPS of 53.42 cents.
Macquarie forecasts a full year FY24 dividend of 24.93 cents and EPS of 55.56 cents.
Access Stockbroker Research History >

VUK STOCK CHART

FNArena News on VUK

1
FNArena Corporate Results Monitor – 25-11-2022

Nov 25 2022 - Australia
2
Next Week At A Glance – 14-18 Nov 2022

Nov 11 2022 - Weekly Reports
3
Rudi’s View: August Results – First Blood

Aug 11 2022 - Rudi's View
4
Weekly Ratings, Targets, Forecast Changes – 05-08-22

Aug 08 2022 - Weekly Reports
5
Rudi’s Views: Pre-August Observations

Jul 21 2022 - Rudi's View

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