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VT Group(VTG)

Sector:

Aerospace and Defence

Index:

FTSE 250

Market Cap

£1,067.85m

Change Today

Price Down-22.50p

Share Price

608.50p

VT Group Overview

Primarily once a shipbuilder, VT Group now has three man divisions: shipbuilding, Marine Products and Services. Support services make up a large percentage of its turnover now and the group is taking advantage of the wave of PFI projects currently available.

1 Day Chart (04-Jul-2008)

1 Day Chart

6 Month Chart

6 Month Chart

Income & Efficiency

Latest F'cast
Div Yield 2.2% 2.4%
Div Cover 2.7 2.9
Op Mrgn 6.2% 7.9%
ROCE 39.5%  

Valuation

Latest F'cast
P/E 17.1 14.7
PEG 1.2 0.9
Pr/Revenue 1.0 0.8
Pr/Book 4.1  

Growth

Latest F'cast
Revenue 19.6% 27.5%
PBT 32.5% 43.8%
EPS 14.9% 16.6%
DPS 10.5% 10.7%

VT Group Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Mar-04 a541.09 a26.33 18.13p 14.5 1.6 +9% 9.00p 3.4%
31-Mar-05 592.42 41.58 17.98p 17.6 n/a -1% 9.75p 3.1%
31-Mar-06 709.00 55.46 24.66p 18.3 0.5 +37% 10.75p 2.4%
31-Mar-07 852.50 53.80 30.90p 15.9 0.6 +25% 11.85p 2.4%
31-Mar-08 1,020.00 71.30 35.50p 18.5 1.2 +15% 13.10p 2.0%

a. Based on UK GAAP presentation of accounts - includes discontinued activities

VT Group Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Mar-09 1,300.09 102.52 41.41p 14.7 0.9 +17% 14.50p 2.4%
31-Mar-10 1,416.27 116.24 46.96p 13.0 1.0 +13% 15.89p 2.6%

Covering analysts: ABN AMRO, Arden Partners, Citigroup Investment Research, Deutsche Bank Research, Investec Securities, JP Morgan, KBC Peel Hunt, Merrill Lynch, Numis Securities, Panmure Gordon, UBS, WH Ireland

VT Group Company Announcements

CVF Manufacturing Contract 03-Jul-2008 10:00 RNS
Re Joint Venture 30-Jun-2008 12:36 RNS
Result of EGM 30-Jun-2008 12:14 RNS

VT Group ShareCast News

London close: Defence stocks lift Footsie 30-Jun-2008 ShareCast
BAE, VT JV to be operational 1. July 30-Jun-2008 ShareCast
Sunday's newspaper round-up: Taylor Wimpey, WPP,... 29-Jun-2008 ShareCast

VT Group Top Newspaper Links

BAE Systems and VT Group finally agree aircraft ... 29-Jun-2008 Sunday Times
Private joint venture signs first MoD flight tra... 03-Jun-2008 Telegraph
BAE Systems and VT unite as MoD agrees £4bn deal... 21-May-2008 The Independent

Latest VT Group Director Deals

No deals were found in the last 28 days.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: In the case of dual listed securities, broker recommendations and forecasts relate to the primary listing.

Note 6: Forecast figures based on normalised accounts.

 

VT Group Market Data

Currency UK Pounds
Share Price 608.50p Price Down
Change Today -22.50p
52 Week High 709.00p
52 Week Low 539.50p
Volume 1,190,266
Shares Issued 175.49m
Market Cap £1,067.85m
Beta 0.78
RiskGrade 168

VT Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
94.98% below the market average94.98% below the market average94.98% below the market average94.98% below the market average94.98% below the market average
83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average
Price Trend
72.67% above the market average72.67% above the market average72.67% above the market average72.67% above the market average72.67% above the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average
Income
69.36% below the market average69.36% below the market average69.36% below the market average69.36% below the market average69.36% below the market average
27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average
Growth
13.76% above the market average13.76% above the market average13.76% above the market average13.76% above the market average13.76% above the market average
16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average

What The Brokers Say

Strong Buy 6
Buy 0
Neutral 6
Sell 0
Strong Sell 0
Total 12
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

VT Group Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Jun-08 21-Nov-07
Paid 06-Aug-08 09-Jan-08
Amount 9.55p 3.55p

Trades for 04-Jul-2008

Time Volume / Share Price
16:51 100,000 @ 614.70p
16:35 28,686 @ 608.50p
16:29 600 @ 610.00p
16:29 600 @ 610.00p
16:29 347 @ 610.50p

VT Group Key Personnel

CEO Paul J Lester
Chair Michael M E Jeffries

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