Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation
Which stocks are undervalued right now? Check free
Discover now →
Victrex plc (VTXPF) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Victrex plc $7.22, price $10.95, upside -34.0%, quality 68 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
- Add to watchlist
VP
Some data
Sep 24, 2026
Some data
Sep 24, 2026
Victrex plc
VTXPF · USOvervalued / MonitorQuality is not strong enough to offset the price risk.
!Fair value $7.22 · Overvalued (−34.0%)
✓Quality 68/100
!Weak Growth (revenue 5y +2.3 %/yr)
!Loss over the last twelve months · -6.7% net margin (TTM) · fiscal year 2025 9.4%
✓Low debt · generates free cash flow
✓5.4% dividend yield · Sustainable
!Narrow moat 31/100
!Evidence only medium, so the estimate is less certain
Watch Victrex plc for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.
Watch for free
Pro now: $1 first month
What runs behind every stock
26
valuation models
8 families, DCF to NCAV
37
quality factors
margins, balance sheet, cashflow, debt
6
AI factors
moat, what no ratio measures
2,000+
data points
verified, per stock, median
69 individual criteria per stock, every one traceable See the method →
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 $7.22 – $30.81 · fair‑value band $5.42 – $9.03 · the $10.95 price screens above the $7.22 fair value. Dashed = 300-day average. As of Sep 24, 2026.
Company profile
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.
Show more
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.
Stock analysis
Victrex plc (VTXPF) currently trades at $10.95, while our model-based Fair Value estimate is $7.22, 34.0% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Dividend Discount group reads highest at a median of $9.10 per share, and 1 of the 26 models we run sit above the $10.95 price.
Bear case: the Earnings-Based group reads lowest at $2.31, and 25 of the 26 models stay below the price. Evidence for this calculation is medium.
Scenario range: $5.42 (bear) to $9.03 (bull), the price of $10.95 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 68/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Victrex plc reported revenue of £296M in FY2025 versus £311M in FY2021, a compound −1.2%/yr. Reported net income was £27.8M in FY2025, compounding −21.5%/yr from FY2021.
Key figures
Market cap $962M · P/S ratio 2.42 · EPS (TTM) $−0.3000 · Dividend yield 5.4% · Net margin 9.4% · Return on equity −9.4% · Return on assets (EBIT) 11.1% · Operating margin 12.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
For context, the median of 10 Basic Materials peers we cover trades at −39% fair-value upside, at −34%, VTXPF screens cheaper than that median.
Fair Value models
Bear $5.42
Fair Value $7.22
Bull $9.03
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.
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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.
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.
Highest evidence
FCF DCF
$7.15
$10.03
$13.75
81
Growth DCF
$7.22
$9.77
$12.88
79
Owner Earnings
$4.59
$6.43
$8.82
77
All 26 models by family
DCF Models
FCF DCF
$7.15
$10.03
$13.75
81
Owner Earnings
$4.59
$6.43
$8.82
77
5Y Revenue Exit
$5.56
$8.06
$11.12
73
5Y EBITDA Exit
$6.77
$10.26
$14.21
75
5Y P/E Exit
$5.73
$8.36
$11.02
71
10Y Revenue Exit
$6.04
$8.30
$11.14
67
10Y EBITDA Exit
$6.85
$9.69
$13.25
69
10Y P/E Exit
$6.25
$8.50
$11.07
65
Earnings-Based
Graham-Dodd
$2.87
$8.03
$10.56
65
Lynch FV
$1.62
$2.31
$3.00
61
PEG = 1.0
$1.62
$2.31
$3.00
57
EPV
$3.78
$4.29
$4.72
74
Dividend Discount
Gordon GGM
$6.12
$11.02
$15.17
68
DDM Multi-Stage
$6.12
$9.10
$11.77
67
Multiples
P/E Multiple
$5.39
$7.18
$8.98
63
P/S Multiple
$5.07
$6.76
$8.45
58
P/B Multiple
$5.39
$7.18
$8.98
55
EV/EBIT
$6.38
$8.49
$10.61
66
EV/EBITDA
$7.40
$9.86
$12.32
67
EV/Revenue
$4.75
$6.78
$8.81
53
Asset-Based
NCAV (Graham)
$3.29
$4.41
$6.59
54
Growth DCF
Growth DCF
$7.22
$9.77
$12.88
79
Rev-Margin DCF
$5.56
$8.15
$11.08
73
Economic Profit
Residual Income
$5.01
$5.16
$5.51
76
ROIC Compounder
$3.78
$4.29
$4.72
72
Growth Earnings
Growth-Adj P/E
$4.39
$6.27
$8.15
67
Notify me when VTXPF reaches fair value
Put VTXPF on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Quality Score breakdown
Overall quality
68/100
Of which business quality 69 · Market factors (momentum, volatility) 22
Profitability
39
Margins and returns on capital today
Quality Growth
57
Are margins and returns improving?
Cashflow
78
Earnings quality: real cash, not paper profit
Fin. Strength
82
Balance sheet, leverage, solvency risk
Investment
90
Disciplined investing over empire-building
Low Volatility
40
Calm price path (market factor)
Momentum
18
Price trend over the last 3–12 months (market factor)
52W Momentum
9
Distance to the 52-week high (market factor)
Net Issuance
77
Share count: buybacks or dilution?
Revenue & earnings trend
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 inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+0.1%
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.
−4.3%
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.
+2.3%
Start year 2020 (pandemic). Over 10 years: +1.2% a year
Revenue growth 31 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.
+8.5%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
−12.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−17.8%
Dividend (yield on the price)5.4%
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.−17.8% vs −10.6%, slowing
Profit margin 2020 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.24% → 13%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
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).
+6.3%
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.
+2.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in GBP, UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about +3.9% a year for the price and +0.4% for the forecasts.
Forecast 2026 (sales)+2.9%
Forecast 2027 (sales)+2.9%
Projected 2028 (sales)+2.7%
Projected 2029 (sales)+2.6%
Projected 2030 (sales)+2.5%
VTXPF screens overvalued: fair value 34% below the price. Compare with Linde plc →
Compare Victrex plc with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Specialty Chemicals · 701 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Linde plc LIN | $474.65 | $441.72 | −7% |
| The Sherwin-Williams Company SHW | $330.44 | $151.68 | −54% |
| Ecolab Inc ECL | $274.58 | $96.56 | −65% |
| Air Products and Chemicals, Inc APD | $279.19 | $121.30 | −57% |
| Nan Ya Plastics Corporation 1303 | 238.00 TWD | 234.23 TWD | −2% |
| Givaudan SA GIVN | CHF 3,360 | CHF 1,527 | −55% |
| Wanhua Chemical Group 600309 | ¥69.45 | ¥68.03 | −2% |
| DSM-Firmenich AG DSFIR | CHF 92.30 | CHF 29.70 | −68% |
| Asian Paints Limited ASIANPAINT | ₹2,444 | ₹1,479 | −39% |
| PPG Industries, Inc PPG | $104.67 | $76.98 | −26% |
Explore undervalued stocks
More undervalued Basic Materials stocks →
All undervalued stocks
TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
🥇 Backtested Best
🏆 Big Names
⭐ Top Rated
💎 Quality on Sale
🚀 Profitable Growth
🧊 Quality Compounders
💵 Dividend Stars
📈 Strong Momentum
📉 Fallen Angels
⚖️ Deeply Undervalued
🔍 Small-Cap Gems
🏰 Moat at a Fair Price
💼 Insider Buying
🎩 Buffett-Style Quality
📚 Peter Lynch GARP
🧮 Greenblatt Magic Formula
🛡️ Graham Defensive
Discover tools
Stock screenerFilter by region, size and sector
Compare toolTwo stocks side by side
Extrinsic Value Calculator…Calculator with industry benchmark
Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
Frequently asked questions
Is Victrex plc (VTXPF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $7.22 versus the last price from Sep 25, 2026 of $10.95, about −34% upside (overvalued).
What is the fair value of VTXPF?
Our model-based fair value for Victrex plc is $7.22 (as of Sep 24, 2026), built from audited fundamentals. Last price (from Sep 25, 2026): $10.95.
What is the quality score of VTXPF?
Victrex plc has a Quality Score of 68/100. 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 Victrex plc (VTXPF)?
Our model-based price target is the fair value of $7.22 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario $5.42, optimistic scenario $9.03. It is a calculation from audited fundamentals, not an analyst target.
What is the Victrex plc stock forecast for 2026?
Our models put fair value at $7.22, about −34% upside versus the last price from Sep 25, 2026 of $10.95 (overvalued). Cautious scenario $5.42, optimistic scenario $9.03. The calculation is refreshed regularly with new filings.
What is the revenue of Victrex plc (VTXPF)?
Victrex plc reported trailing-twelve-month revenue of about £294M (latest available figure, as of Sep 24, 2026).
Does Victrex plc pay a dividend?
Victrex plc currently shows a dividend yield of about 5.45% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Victrex plc (VTXPF)?
For today's price to be fair in a discounted-cash-flow model, Victrex plc would have to grow free cash flow by +6.3 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of VTXPF use?
Our models discount Victrex plc at 10.5 %: a base by market capitalisation (small), damped by beta 0.76, country premium for USA. 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 Victrex plc that is +6.3 % per year a year over ten years, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Victrex plc (VTXPF) delivered so far?
Over the past 5 years revenue at Victrex plc grew +2.3 % a year. The price currently implies +6.3 % 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 Victrex plc (VTXPF) growing?
The median revenue growth in the sector is +7.7 % a year. That is the yardstick for the growth priced into Victrex plc (+6.3 % 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 Victrex plc (VTXPF)?
The free-cash-flow yield on the price is 6.78 %: that much free cash flow Victrex plc produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Victrex plc (VTXPF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Victrex plc it is $7.22 per share (as of Sep 24, 2026), against a price of $10.95. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Victrex plc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, VTXPF trades above its calculated fair value: price $10.95, fair value $7.22, 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 VTXPF?
No. The price is what the market pays today ($10.95); the fair value is what the company's own numbers justify ($7.22). For Victrex plc the two are $3.73 per share apart. That gap is exactly why we show both numbers side by side.
How much is Victrex plc worth?
The market values Victrex plc at about $962M (market capitalisation, as of Sep 24, 2026). Per share that is $10.95; our models calculate a fair value of $7.22 per share.
What do the bullish and bearish scenarios say about VTXPF?
Our models span a range for Victrex plc: cautious scenario $5.42, base $7.22, optimistic $9.03 per share (as of Sep 24, 2026, price $10.95). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of VTXPF?
The PEG ratio of Victrex plc is 1.90 (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 Victrex plc (VTXPF)?
Balance-sheet figures for Victrex plc (as of Sep 24, 2026): return on equity −9.4%, debt of 0.05 per unit of equity. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
Which stocks are comparable to Victrex plc?
From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, Air Products and Chemicals, Inc, 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 Victrex plc stock attractive at the current price?
The data as of Sep 24, 2026: price $10.95, calculated fair value $7.22 (−34%), Quality Score 68/100, from 26 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 VTXPF calculated?
We run Victrex plc through 26 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 $7.22, 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 14.5 % above its aggregate fair value. Victrex 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 Victrex plc (VTXPF)?
The latest price we hold is from Sep 25, 2026 and stands at $10.95. Our model-based fair value is $7.22, about −34% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Victrex plc right now?
The price sits above even our optimistic bull case ($9.03). The favourable scenario is already priced in. Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Victrex plc (VTXPF) come from?
Earnings per share at Victrex plc grew −9.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.5 %, EBIT margin −8.7 %, tax rate −0.1 %, residual (interest, one-offs) −1.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Victrex plc
How large is the market capitalisation of Victrex plc (VTXPF)?
The market capitalisation of Victrex plc is $962M. 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 Victrex plc (VTXPF)?
The price-to-sales ratio of Victrex plc is 2.42 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Victrex plc (VTXPF)?
Earnings per share at Victrex plc are $−0.3000. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Victrex plc (VTXPF)?
The dividend yield of Victrex plc is 5.4%. 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 Victrex plc (VTXPF)?
The net margin of Victrex plc is 9.4% (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 Victrex plc (VTXPF)?
The return on equity (ROE) of Victrex plc is −9.4% (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 Victrex plc (VTXPF)?
On an EBIT basis the return on assets of Victrex plc is 11.1% (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 Victrex plc (VTXPF)?
The operating margin of Victrex plc is 12.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Victrex plc (VTXPF)?
Revenue at Victrex plc is growing +0.8% versus a year earlier (3y avg −4.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Victrex plc (VTXPF)?
Earnings per share at Victrex plc are growing −13.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Victrex plc (VTXPF) carry?
The net debt of Victrex plc is £24.8M (fiscal year 2025, ≈ 0.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Victrex plc in the live analysis
One click puts Victrex plc on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.