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Victrex plc (VCT) Fair Value & Analysis

Basic Materials · GB · Market cap 564M GBX

VP Victrex plc VCT · LSE
Price£5.99
Fair Value£5.42
Upside-9.5%
Quality95/100
Evidence: High Range £4.07 – £6.78

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 5 days ago

Share price −9.8% over the past month.

Price vs Fair Value (12 months)

£7.56 £5.48 Fair Value £5.42 Jun 2025 Jun 2026

12‑month range £5.48 – £7.56 · fair‑value band £4.07 – £6.78 · the £5.99 price screens above the £5.42 fair value. As of Jun 24, 2026.

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Analysis

Victrex plc (VCT) currently trades at £5.99, while our model-based Fair Value estimate is £5.42 — implying the stock looks roughly 9.5% overvalued today. We read business quality at 95/100 (high quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Victrex plc generated revenue of £294M at a net margin of -6.7%. Revenue grew 0.8% year over year. It earns a return on equity of -9.4%. Net debt stands at £24.8M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 294M GBX
Revenue growth (YoY) +0.8%
Net margin -6.7%
Return on equity -9.4%
Free cash flow 49.3M GBX FY2025
Operating margin 12.9%
More key figures
EPS (TTM) £-0.2200
Dividend yield 9.4%
EPS growth (YoY) -13.2%
Net debt 24.8M GBX FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

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; and sells thermoplastic polymers; sustainable solutions for energy and industrial, VAR, aerospace, automotive, and electronics markets, as well as engages in trading activities. It serves automotive, aerospace, energy and industrial, electronics, and medical markets. Victrex plc was incorporated in 1993 and is headquartered in Thornton-Cleveleys, the United Kingdom.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Victrex plc reported revenue of £296M in FY2025 versus £306M in FY2021, a compound −0.8%/yr. Reported net income was £27.8M in FY2025, compounding −21.5%/yr from FY2021.

Revenue −0.8%/yr
FY21 £306M
FY22 £341M
FY23 £307M
FY24 £296M
FY25 £296M
Net income −21.5%/yr
FY21 £73.2M
FY22 £76.2M
FY23 £61.7M
FY24 £17.2M
FY25 £27.8M

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Frequently asked questions

Is Victrex plc (VCT) undervalued?
As of Jun 24, 2026, our model estimates a fair value of £5.42 versus a price of £5.99 — about −10% (overvalued). Model-based estimate, not financial advice.
What is the fair value of VCT?
Our 21-model fair value for Victrex plc is £5.42 (as of Jun 24, 2026), built from audited fundamentals. The current price is £5.99.
What is the quality score of VCT?
Victrex plc has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Victrex plc (VCT)?
Victrex plc reported trailing-twelve-month revenue of about £294M (latest available figure, as of Jun 24, 2026).
What is the net profit margin of VCT?
The net profit margin of Victrex plc is about -6.7%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Victrex plc pay a dividend?
Victrex plc currently shows a dividend yield of about 9.36% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.