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Victrex plc VCT.L

GB · London Stock Exchange · XLON · stock · Basic Materials · website

Victrex plc statistics & valuation

Market cap£711.8M
P / E25.6×
P / S2.4×
P / B1.6×
P / FCF14.4×
Net margin9.4%
FCF margin16.6%
Net debt£24.9M
Enterprise value USD$994.1M
Earnings yield EBIT/EV5.4%
Return on capital7.9%
Graham number -99.3%£5.97

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (£5.97); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
22.30% 20.10% 5.80% 9.40% 2022202320242025
Gross margin (%)
51.20% 53.00% 45.30% 44.70% 2022202320242025
Operating margin (%)
26.00% 23.80% 15.50% 13.40% 2022202320242025
Return on equity (%)
15.60% 12.40% 3.70% 6.40% 2022202320242025
Shares outstanding
87.1M 87.1M 87.1M 87.1M 2022202320242025
Net debt (£)
-£23.8M £20.2M £21.9M £24.9M 2022202320242025
Share buybacks (£)
2022202320242025
Return on assets (%)
11.90% 9.80% 2.90% 4.90% 2022202320242025
Free cash flow margin (%)
10.10% 1.00% 17.40% 16.60% 2022202320242025
Debt / equity (×)
0.07× 0.10× 0.11× 0.11× 2022202320242025
EPS (£)
£0.87 £0.70 £0.20 £0.32 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Victrex plc trades at about 2569.2× earnings — above its 10-year norm (10-year range 1893.5×–4324.9×, median 2034.6×).

1893.5× 4324.9×

Shaded band = 10-year range (1893.5×–4324.9×); dot = today's 2569.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin44.7%45.3%53.0%51.2%
Operating margin13.4%15.5%23.8%26.0%
Net margin9.4%5.8%20.1%22.3%
FCF margin16.6%17.4%1.0%10.1%
Return on assets4.9%2.9%9.8%11.9%
Return on equity6.4%3.7%12.4%15.6%
Debt / equity0.05×0.07×0.07×0.04×
Current ratio3.014.394.782.74

Computed from company filings · GB · as of 2025-09-30. Figures in GBP. Facts plus Stocktoria's own computed scores — not investment advice.