Victrex plc
Victrex plc, through its subsidiaries, engages in the manufacture and sale of polymer solutions worldwide. The company operates through two segments, Sustainable Solutions and Medical. It develops PEEK and PAEK based polymer solutions, and semi-finished and finished parts. The company also provides specialist solutions for medical device manufacturers; sells thermoplastic polymers; sustainable so… Read more
Victrex plc (VTXPF) - Net Assets
Latest net assets as of March 2025: $433.80 Million USD
Based on the latest financial reports, Victrex plc (VTXPF) has net assets worth $433.80 Million USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($582.50 Million) and total liabilities ($148.70 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $433.80 Million |
| % of Total Assets | 74.47% |
| Annual Growth Rate | 15.08% |
| 5-Year Change | -4.03% |
| 10-Year Change | 28.72% |
| Growth Volatility | 14.28 |
Victrex plc - Net Assets Trend (1994–2024)
This chart illustrates how Victrex plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Victrex plc (1994–2024)
The table below shows the annual net assets of Victrex plc from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | $461.60 Million | -7.86% |
| 2023-09-30 | $501.00 Million | +2.12% |
| 2022-09-30 | $490.60 Million | -4.12% |
| 2021-09-30 | $511.70 Million | +6.38% |
| 2020-09-30 | $481.00 Million | +4.20% |
| 2019-09-30 | $461.60 Million | -5.78% |
| 2018-09-30 | $489.90 Million | +2.40% |
| 2017-09-30 | $478.40 Million | +22.95% |
| 2016-09-30 | $389.10 Million | +8.51% |
| 2015-09-30 | $358.60 Million | +1.47% |
| 2014-09-30 | $353.40 Million | +12.66% |
| 2013-09-30 | $313.70 Million | +15.71% |
| 2012-09-30 | $271.10 Million | +22.34% |
| 2011-09-30 | $221.60 Million | +4.87% |
| 2010-09-30 | $211.30 Million | +25.60% |
| 2009-09-30 | $168.23 Million | +0.86% |
| 2008-09-30 | $166.79 Million | +17.89% |
| 2007-09-30 | $141.48 Million | +24.71% |
| 2006-09-30 | $113.45 Million | +22.99% |
| 2005-09-30 | $92.25 Million | +24.74% |
| 2004-09-30 | $73.95 Million | +20.96% |
| 2003-09-30 | $61.14 Million | +18.12% |
| 2002-09-30 | $51.76 Million | +16.92% |
| 2001-09-30 | $44.27 Million | +25.60% |
| 2000-09-30 | $35.24 Million | +25.60% |
| 1999-09-30 | $28.06 Million | +21.82% |
| 1998-09-30 | $23.03 Million | +29.73% |
| 1997-09-30 | $17.75 Million | +34.23% |
| 1996-09-30 | $13.23 Million | +63.60% |
| 1995-09-30 | $8.09 Million | +18.31% |
| 1994-09-30 | $6.83 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Victrex plc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 8624.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $398.00 Million | 86.33% |
| Common Stock | $900.00K | 0.20% |
| Other Components | $62.10 Million | 13.47% |
| Total Equity | $461.00 Million | 100.00% |
Victrex plc Competitors by Market Cap
The table below lists competitors of Victrex plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TechTarget Inc
F:EFT
|
$682.09 Million |
|
Oil States International Inc
NYSE:OIS
|
$682.23 Million |
|
Brightsphere Investment Group Inc
NYSE:BSIG
|
$682.27 Million |
|
Inv La Constru
SN:ILC
|
$682.87 Million |
|
mobilezone ag
SW:MOZN
|
$681.88 Million |
|
Olav Thon Eien
OL:OLT
|
$681.70 Million |
|
freee K.K
PINK:FREKF
|
$681.68 Million |
|
TFS Financial Corporation
NASDAQ:TFSL
|
$681.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Victrex plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 499,000,000 to 461,000,000, a change of -38,000,000 (-7.6%).
- Net income of 17,200,000 contributed positively to equity growth.
- Dividend payments of 51,800,000 reduced retained earnings.
- New share issuances of 200,000 increased equity.
- Other comprehensive income decreased equity by 3,400,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $17.20 Million | +3.73% |
| Dividends Paid | $51.80 Million | -11.24% |
| Share Issuances | $200.00K | +0.04% |
| Other Comprehensive Income | $-3.40 Million | -0.74% |
| Other Changes | $-200.00K | -0.04% |
| Total Change | $- | -7.62% |
Book Value vs Market Value Analysis
This analysis compares Victrex plc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.19x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 118.43x to 2.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-09-30 | $0.10 | $11.57 | x |
| 1995-09-30 | $0.12 | $11.57 | x |
| 1996-09-30 | $0.18 | $11.57 | x |
| 1997-09-30 | $0.23 | $11.57 | x |
| 1998-09-30 | $0.29 | $11.57 | x |
| 1999-09-30 | $0.36 | $11.57 | x |
| 2000-09-30 | $0.45 | $11.57 | x |
| 2001-09-30 | $0.55 | $11.57 | x |
| 2002-09-30 | $0.65 | $11.57 | x |
| 2003-09-30 | $0.76 | $11.57 | x |
| 2004-09-30 | $0.91 | $11.57 | x |
| 2005-09-30 | $1.14 | $11.57 | x |
| 2006-09-30 | $1.39 | $11.57 | x |
| 2007-09-30 | $1.72 | $11.57 | x |
| 2008-09-30 | $2.03 | $11.57 | x |
| 2009-09-30 | $2.03 | $11.57 | x |
| 2010-09-30 | $2.52 | $11.57 | x |
| 2011-09-30 | $2.63 | $11.57 | x |
| 2012-09-30 | $3.21 | $11.57 | x |
| 2013-09-30 | $3.70 | $11.57 | x |
| 2014-09-30 | $4.15 | $11.57 | x |
| 2015-09-30 | $4.20 | $11.57 | x |
| 2016-09-30 | $4.56 | $11.57 | x |
| 2017-09-30 | $5.59 | $11.57 | x |
| 2018-09-30 | $5.68 | $11.57 | x |
| 2019-09-30 | $5.34 | $11.57 | x |
| 2020-09-30 | $5.52 | $11.57 | x |
| 2021-09-30 | $5.85 | $11.57 | x |
| 2022-09-30 | $5.60 | $11.57 | x |
| 2023-09-30 | $5.70 | $11.57 | x |
| 2024-09-30 | $5.28 | $11.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Victrex plc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.73%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.81%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.28x
- Recent ROE (3.73%) is below the historical average (29.26%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 78.34% | 22.47% | 0.98x | 3.58x | $4.59 Million |
| 1995 | 83.27% | 21.23% | 1.38x | 2.85x | $5.84 Million |
| 1996 | 69.86% | 24.34% | 1.44x | 1.99x | $7.92 Million |
| 1997 | 47.84% | 19.56% | 1.37x | 1.79x | $6.72 Million |
| 1998 | 40.98% | 19.96% | 1.21x | 1.70x | $7.14 Million |
| 1999 | 33.03% | 19.97% | 1.04x | 1.59x | $6.46 Million |
| 2000 | 34.10% | 20.46% | 0.95x | 1.75x | $8.49 Million |
| 2001 | 34.71% | 21.31% | 1.13x | 1.44x | $10.94 Million |
| 2002 | 24.84% | 21.76% | 0.75x | 1.51x | $7.68 Million |
| 2003 | 24.91% | 21.30% | 0.87x | 1.35x | $9.12 Million |
| 2004 | 25.98% | 22.19% | 0.84x | 1.39x | $11.81 Million |
| 2005 | 25.91% | 23.68% | 0.79x | 1.39x | $14.68 Million |
| 2006 | 28.06% | 25.99% | 0.74x | 1.47x | $20.49 Million |
| 2007 | 25.74% | 27.80% | 0.68x | 1.37x | $22.27 Million |
| 2008 | 23.43% | 27.69% | 0.63x | 1.34x | $22.39 Million |
| 2009 | 10.60% | 17.18% | 0.47x | 1.31x | $1.02 Million |
| 2010 | 25.56% | 28.50% | 0.68x | 1.32x | $32.87 Million |
| 2011 | 32.13% | 32.99% | 0.75x | 1.30x | $49.04 Million |
| 2012 | 26.52% | 32.71% | 0.67x | 1.20x | $44.79 Million |
| 2013 | 23.24% | 32.85% | 0.60x | 1.17x | $41.53 Million |
| 2014 | 22.69% | 31.75% | 0.61x | 1.18x | $44.86 Million |
| 2015 | 23.28% | 31.69% | 0.62x | 1.19x | $47.64 Million |
| 2016 | 21.20% | 32.70% | 0.53x | 1.21x | $43.59 Million |
| 2017 | 20.80% | 34.29% | 0.54x | 1.12x | $51.66 Million |
| 2018 | 22.58% | 33.93% | 0.58x | 1.15x | $61.61 Million |
| 2019 | 20.02% | 32.07% | 0.54x | 1.16x | $46.24 Million |
| 2020 | 11.34% | 20.49% | 0.48x | 1.15x | $6.39 Million |
| 2021 | 14.38% | 23.52% | 0.51x | 1.21x | $22.28 Million |
| 2022 | 15.59% | 22.53% | 0.53x | 1.31x | $27.32 Million |
| 2023 | 12.36% | 20.10% | 0.49x | 1.26x | $11.80 Million |
| 2024 | 3.73% | 5.81% | 0.50x | 1.28x | $-28.90 Million |
Industry Comparison
This section compares Victrex plc's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $7,181,833,981
- Average return on equity (ROE) among peers: 7.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Victrex plc (VTXPF) | $433.80 Million | 78.34% | 0.34x | $682.05 Million |
| AirBoss of America Corp (ABSSF) | $197.00 Million | -16.19% | 1.24x | $57.06 Million |
| Asia Carbon Industries Inc (ACRB) | $19.13 Million | 17.11% | 0.33x | $0.98 |
| Aimia Inc (AIMFF) | $1.29 Billion | -4.63% | 2.83x | $103.68 Million |
| L'Air Liquide S.A (AIQUF) | $11.83 Billion | 14.08% | 1.26x | $107.70 Billion |
| Akzo Nobel N.V (AKZOF) | $7.58 Billion | 14.03% | 1.29x | $9.73 Billion |
| Albemarle Corp (ALB) | $545.00 Million | 9.41% | 1.09x | $19.53 Billion |
| ALPEK S.A.B. de C.V (ALPKF) | $49.59 Billion | 15.64% | 1.50x | $214.40 Million |
| Altech Batteries Limited (ALTHF) | $97.54 Million | -5.87% | 0.01x | $27.89 Million |
| Arcadium Lithium plc (ALTM) | $333.00 Million | 14.14% | 0.12x | $6.26 Billion |
| Alto Ingredients Inc (ALTO) | $345.21 Million | 13.35% | 0.40x | $212.84 Million |