Vanquis Banking Group PLC (VANQ) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Vanquis Banking Group PLC £0.48, price £0.73, upside -34.4%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range £0.3790 – £3.19 · fair‑value band £0.3600 – £0.6000 · the £0.7320 price screens above the £0.4800 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Vanquis Banking Group plc engages in the provision of personal credit products to the non-standard lending market in the United Kingdom and the Republic of Ireland. The company offers credit cards, saving account, vehicle finance, loans, and mortgages.
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Vanquis Banking Group plc engages in the provision of personal credit products to the non-standard lending market in the United Kingdom and the Republic of Ireland. The company offers credit cards, saving account, vehicle finance, loans, and mortgages. It also operates Snoop, a fintech app, that uses open banking to help users save money and manage their finances. Vanquis Banking Group plc was formerly known as Provident Financial plc and changed its name to Vanquis Banking Group plc in March 2023. The company was founded in 1880 and is headquartered in Bradford, the United Kingdom.
Stock analysis
Vanquis Banking Group PLC (VANQ) currently trades at £0.7320, while our model-based Fair Value estimate is £0.4800, implying the stock looks roughly 52.5% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of £1.30 per share, and 2 of the 6 models we run sit above the £0.7320 price.
Bear case: the Multiples group reads lowest at £0.4500, and 4 of the 6 models stay below the price. Evidence for this calculation is low.
Scenario range: £0.3600 (bear) to £0.6000 (bull), the price of £0.7320 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 55/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Vanquis Banking Group PLC reported revenue of £606M in FY2025 versus £535M in FY2021, a compound +3.2%/yr. Reported net income was £8.7M in FY2025.
Key figures
Market cap 288M GBX · P/E ratio 24.4 · P/S ratio 0.35 · EPS (TTM) £0.0300 · Dividend yield 0.2% · Net margin 1.4% · Return on equity 1.7% · Return on assets (EBIT) 5.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 44% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −37% fair-value upside, at −34%, VANQ screens cheaper than that median.
Fair Value models
Bear £0.3600Fair Value £0.4800Bull £0.6000
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (£0.0220 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+32.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.3%
Start year 2020 (pandemic). Over 10 years: −5.2% a year
Revenue growth 40 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.0%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−35.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−35.8%
Dividend (yield on the price)0.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−36% vs −31%, slowing
Profit margin 2019 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.22% → 26%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 8.2%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+2.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about +0.5% a year for the forecasts.
Compare Vanquis Banking Group PLC with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 1076 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score60 · Top 25%
Fair Value upside−34% · Below median
Profitability
Return on equity (TTM)2% · Bottom 25%
Return on assets0% · Bottom 25%
Net margin (TTM)3% · Bottom 25%
Operating margin (TTM)−5% · Bottom 25%
Growth and dividend
Revenue growth−2% · Bottom 25%
Dividend yield (TTM)0.2% · Bottom 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (TTM)24.4× · Priciest 25%
P/B0.78× · Cheapest 25%
P/S (TTM)1.38× · Cheapest 25%
P/FCF4.2× · Cheaper than median
PEG1.88× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 11
FUTURE (revenue growth)0· sector 45
PAST (return on equity)7· sector 41
HEALTH (low debt)0· sector 85
DIVIDEND (yield)3· sector 53
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Vanquis Banking Group PLC Fair Value". https://www.fairvalue-calculator.com/stock/VANQ
Frequently asked questions
Is Vanquis Banking Group PLC (VANQ) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of £0.4800 versus a price of £0.7320, about −34% upside (overvalued).
What is the fair value of VANQ?
Our model-based fair value for Vanquis Banking Group PLC is £0.4800 (as of Sep 24, 2026), built from audited fundamentals. The current price: £0.7320.
What is the quality score of VANQ?
Vanquis Banking Group PLC has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Vanquis Banking Group PLC (VANQ)?
Our model-based price target is the fair value of £0.4800 (as of Sep 24, 2026) from 6 valuation models. Cautious scenario £0.3600, optimistic scenario £0.6000. It is a calculation from audited fundamentals, not an analyst target.
What is the Vanquis Banking Group PLC stock forecast for 2026?
Our models put fair value at £0.4800, about −34% upside versus a price of £0.7320 (overvalued). Cautious scenario £0.3600, optimistic scenario £0.6000. The calculation is refreshed regularly with new filings.
What is the revenue of Vanquis Banking Group PLC (VANQ)?
Vanquis Banking Group PLC reported trailing-twelve-month revenue of about £276M (latest available figure, as of Sep 24, 2026).
Does Vanquis Banking Group PLC pay a dividend?
Vanquis Banking Group PLC currently shows a dividend yield of about 0.17% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Vanquis Banking Group PLC (VANQ)?
For today's price to be fair in a discounted-cash-flow model, Vanquis Banking Group PLC would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 12.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -0.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of VANQ use?
Our models discount Vanquis Banking Group PLC at 12.5 %: a base by market capitalisation (small), damped by beta 1.23, country premium for United Kingdom. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Vanquis Banking Group PLC that is less than minus 40 % per year a year over ten years, using the same discount rate (12.5 %) and the same formula as our fair value.
How much growth has Vanquis Banking Group PLC (VANQ) delivered so far?
Over the past 5 years revenue at Vanquis Banking Group PLC grew -0.3 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Vanquis Banking Group PLC (VANQ) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Vanquis Banking Group PLC (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Vanquis Banking Group PLC (VANQ)?
The free-cash-flow yield on the price is 46.00 %: that much free cash flow Vanquis Banking Group PLC produces per unit of market value. When it exceeds the discount rate of our models (12.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Vanquis Banking Group PLC (VANQ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Vanquis Banking Group PLC it is £0.4800 per share (as of Sep 24, 2026), against a price of £0.7320. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Vanquis Banking Group PLC stock overvalued or undervalued in 2026?
As of Sep 24, 2026, VANQ trades above its calculated fair value: price £0.7320, fair value £0.4800, a gap of about −34% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of VANQ?
No. The price is what the market pays today (£0.7320); the fair value is what the company's own numbers justify (£0.4800). For Vanquis Banking Group PLC the two are £0.2520 per share apart. That gap is exactly why we show both numbers side by side.
How much is Vanquis Banking Group PLC worth?
The market values Vanquis Banking Group PLC at about 288M GBX (market capitalisation, as of Sep 24, 2026). Per share that is £0.7320; our models calculate a fair value of £0.4800 per share.
What do the bullish and bearish scenarios say about VANQ?
Our models span a range for Vanquis Banking Group PLC: cautious scenario £0.3600, base £0.4800, optimistic £0.6000 per share (as of Sep 24, 2026, price £0.7320). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of VANQ?
Vanquis Banking Group PLC trades at a price-to-earnings ratio of 24.4 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £0.4800 is built from several models across several years. Other multiples: PEG 1.9, P/B 0.8, P/S 1.4.
What is the PEG ratio of VANQ?
The PEG ratio of Vanquis Banking Group PLC is 1.88 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Vanquis Banking Group PLC (VANQ)?
Balance-sheet figures for Vanquis Banking Group PLC (as of Sep 24, 2026): return on equity 1.7%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is VANQ from its 52-week high?
Vanquis Banking Group PLC trades at £0.7320, about 44% below its 52-week high of £1.31 and at the low of £0.7290 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of £0.4800 is for.
Which stocks are comparable to Vanquis Banking Group PLC?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Vanquis Banking Group PLC stock attractive at the current price?
The data as of Sep 24, 2026: price £0.7320, calculated fair value £0.4800 (−34%), Quality Score 55/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of VANQ calculated?
We run Vanquis Banking Group PLC through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of £0.4800, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Vanquis Banking Group PLC itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Vanquis Banking Group PLC (VANQ)?
The closing price on Sep 24, 2026 was £0.7320. Our model-based fair value is £0.4800, about −34% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Vanquis Banking Group PLC right now?
The price sits above even our optimistic bull case (£0.6000). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Vanquis Banking Group PLC
How large is the market capitalisation of Vanquis Banking Group PLC (VANQ)?
The market capitalisation of Vanquis Banking Group PLC is 288M GBX. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Vanquis Banking Group PLC (VANQ)?
The price-to-sales ratio of Vanquis Banking Group PLC is 0.35 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Vanquis Banking Group PLC (VANQ)?
Earnings per share at Vanquis Banking Group PLC are £0.0300 (price ÷ EPS = P/E 24.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Vanquis Banking Group PLC (VANQ)?
The dividend yield of Vanquis Banking Group PLC is 0.2% (payout 4.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Vanquis Banking Group PLC (VANQ)?
The net margin of Vanquis Banking Group PLC is 1.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Vanquis Banking Group PLC (VANQ)?
The return on equity (ROE) of Vanquis Banking Group PLC is 1.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Vanquis Banking Group PLC (VANQ)?
On an EBIT basis the return on assets of Vanquis Banking Group PLC is 5.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Vanquis Banking Group PLC (VANQ)?
The operating margin of Vanquis Banking Group PLC is −5.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Vanquis Banking Group PLC (VANQ)?
Revenue at Vanquis Banking Group PLC is growing −1.8% versus a year earlier (3y avg +3.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Vanquis Banking Group PLC (VANQ) carry?
The net debt of Vanquis Banking Group PLC is 2.6B GBX (fiscal year 2025, ≈ 29.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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