Company Valuation: VPC Specialty Lending Investments PLC

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 222.4 256.6 231.2 184.2 77.78 43.13
Change - 15.34% -9.87% -20.34% -57.78% -44.54%
Enterprise Value (EV) 1 244.9 215.2 181.7 136.3 56.89 7.372
Change - -12.15% -15.55% -24.98% -58.27% -87.04%
P/E 10.2x 3.52x -10.5x -7.13x -1.66x -1.31x
PBR 0.82x 0.81x 0.85x 0.82x 0.53x 0.69x
PEG - 0x 0x -0.4x -0x 0x
Capitalization / Revenue 5.94x 2.69x -16.2x -9.99x -1.94x -2.16x
EV / Revenue 6.55x 2.26x -12.7x -7.39x -1.42x -0.37x
EV / EBITDA - - - - - -
EV / EBIT - - - - - -
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 0.08 0.08 0.08 0.08 0.0618 0.0369
Rate of return 10.2% 8.68% 9.63% 12.1% 22.1% 23.8%
EPS 2 0.0774 0.2617 -0.0795 -0.0928 -0.1681 -0.1187
Distribution rate 103% 30.6% -101% -86.2% -36.8% -31.1%
Net sales 1 37.42 95.35 -14.28 -18.44 -40.05 -19.95
EBITDA - - - - - -
EBIT - - - - - -
Net income 1 22.88 73.18 -22.12 -25.83 -46.78 -33.04
Net Debt 1 22.49 -41.39 -49.54 -47.9 -20.89 -35.76
Reference price 2 0.7870 0.9220 0.8310 0.6620 0.2795 0.1550
Nbr of stocks (in thousands) 282,647 278,276 278,276 278,276 278,276 278,276
Announcement Date 4/29/21 4/27/22 4/27/23 4/24/24 4/25/25 4/27/26
1GBP in Million2GBP
Estimates

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation VPC Specialty Lending Investments PLC