VTC – Vitec – quick profile

PIC      "VTC" "EPIC"
NAME  "VITEC GROUP" "Company name"
S0101      12.6 "Curr PER"
S0102      8.25 "PER10 P20"
S0103     12.55 "PER10 P50"
S0104     14.85 "PER10 P80"
S0105        #f "S0101 = S0104"
S0107      1.13 "REL CHANGE IN REVENUE"
YLD        3.25 "Yield (%)"
Z          3.63 "Z Score"
MKT       277.3 "MKT CAP (£m)"
ROE0       17.2 "Current ROE"
SP        641.5 "Share Price (p)"
GRATE       9.8 "Graham EPS growth rate%"
XRATE      8.25 "Exp-fit EPS growth rate%"

The stats look a little indecipherable, so I’ll give some clues. MKT is the market cap, for example. Current PE is 12.6, current ROE is 17.2%, and it has been growing its adjusted EPS as about 10% pa over the last decade, inc analyst estimates (9.8% if you use a Ben Graham-like formulaton, and 8.25% is you use a best-fit exponential rate). So it’s pretty good.

Vitec Group plc (Vitec) is an international group principally serving customers in the broadcast, photographic and military, aerospace and government (MAG) markets. Vitec is organised in three Divisions: Imaging & Staging, Videocom and Services. Imaging & Staging designs, manufactures and distributes equipment and accessories for professionals and amateurs in photography, video and events. Videocom designs and distributes systems and products used in broadcasting and live entertainment, film and video production and MAG. Services provides equipment rental, workflow design and technical support for camera, video, audio, fibre optic and wireless technology used by television production teams and film crews. On March 27, 2009, the Group divested the IFF Staging business, which was included in the Imaging & Staging Division. In March 2011, the Company acquired the entire share capital of Henry Holdings Limited. In December 2011, the Company acquired Haigh-Farr Inc.

Final results issued 01-Mar-2012:

In 2011 we achieved strong sales growth in the Broadcast market where Vitec has an extensive global presence with well-established market leading products. We have continued to invest in new product development and early sales of our Manfrotto Powerbrand have exceeded expectations. We have added market leading products and technologies through our Lastolite and Haigh-Farr acquisitions and made encouraging progress in the lumpy MAG market. Although the macroeconomic environment is uncertain, Vitec is investing in three core markets that we believe have good underlying growth drivers. We therefore anticipate another year of progress in 2012.

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About mcturra2000

Computer programmer living in Scotland.
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