Vesuvius plc
Vesuvius plc provides molten metal flow engineering and technology services to steel and foundry casting industries worldwide. It operates through Steel Flow Control, Steel Advanced Refractories, Steel Sensors & Probes, and Foundry segments. The company offers feeder sleeves and risers, including i…
Vesuvius plc provides molten metal flow engineering and technology services to steel and foundry casting industries worldwide. It operates through Steel Flow Control, Steel Advanced Refractories, Steel Sensors & Probes, and Foundry segments. The company offers feeder sleeves and risers, including insulating, exothermic insulating, and highly exothermic sleeves, as well as boards, lids, and powders. It also provides coatings for sand moulds and cores comprising high-production foundry jobbing, foundry coating equipment, and speciality foundry coatings; filters and gating systems for steel, iron, and nonferrous castings; metal treatment products; refractory linings and flow control products, such as furnace linings, ladle linings, and stoppers and nozzles for iron and steel foundries; die coatings for permanent mould casting; and crucibles and retorts under the Salamander and Noltina brands. In addition, the company offers organic and inorganic mould and core binder systems, including self-setting binders, ester-setting silicates, gas-setting binders, and heat-setting resins, as well as ancillary products comprising release and parting agents, glues and sealants, and sand additives. Further, it provides foundry services and support. The company was formerly known as Vesuvius Technologies plc and changed its name to Vesuvius plc in October 2012. Vesuvius plc was founded in 1916 and is headquartered in London, the United Kingdom.Priced within the modelled range
5-year outlook: Not shown because confidence is low: Earnings-based DCF is somewhat apart.
Other models: GBP 2.97–7.73 (median 5.35). The recommended value is in line with them.
Why: Dividends are a large share of earnings, so the cash paid to shareholders is the best guide to value.
Details and the full model are below.
Market price within modeled range
Uses reported dividends of GBP 0.2315 per share from Fiscal year 2025, with 2.6% perpetual growth (base growth capped at the terminal rate) and 9.8% discount rates. The range varies growth and discount assumptions by 1 percentage point; it is illustrative, not a statistical confidence interval or investment advice.
Assumptions: growth 3% (limited from 4.15% because the latest annual revenue declined), discount rate 9.80%, terminal growth 2.60%. See a worked example.
Blended growth assumption: 4.2% (sector default 5.8%, own revenue history 2.4%, analyst revenue consensus 4.2%).
Analyst consensus expects revenue growth of 4.2% a year; the growth assumption used is 3.0%.
Adjust assumptions
Why this model: Dividends are a large share of earnings, so the cash paid to shareholders is the best guide to value.
Compare models- Recommended: Dividend discount model — GBP 3.30 (-26.5%)
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EPS-based Gordon proxy
— GBP 2.97 (-33.8%)
Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
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DCF (trailing free cash flow)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
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FCFF (steady state)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
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EV/EBITDA (12x)
— GBP 7.73 (+72.1%)
Not used: Used only when free cash flow is far below earnings even after averaging three years; a fixed 12x multiple also ignores sector differences.
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Fade DCF (10-year growth fade)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
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EV/Sales (Rule of 40)
— GBP 18.43 (+310.4%)
Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
| Bear GBP 2.56 | -75.6% |
| Base GBP 3.30 | -36.1% |
| Bull GBP 4.61 | 2.6% |
Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.
At GBP 4.49 the market implies perpetual dividend growth of about this rate (discount rate 9.8%).
Compare: the market implies 4.4% a year, this model assumes 2.6%. The market expects more than this model does, which is why it reads as overvalued.
How the Dividend discount model value changes with growth (rows) and discount rate (columns). Green cells are above the current price. Dividend growth cannot exceed the long-run rate, so duplicate capped scenarios are omitted.
| Growth \ Discount | 7.8% | 8.8% | 9.8% | 10.8% | 11.8% |
|---|---|---|---|---|---|
| -1.4% | 2.48 | 2.24 | 2.04 | 1.87 | 1.73 |
| 0.6% | 3.23 | 2.84 | 2.53 | 2.28 | 2.08 |
| 2.6% | 4.57 | 3.83 | 3.30 | 2.90 | 2.58 |
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
No chartable saved daily price history is available for this range. The chart uses stored EODHD prices only and will appear after history is saved.
More detail: quality, peers, price history, dividends and financials
Quality score: 68 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 5 of 5 years profitable | 20 / 20 |
| Cash generation | free cash flow positive in 4 of 5 years | 16 / 20 |
| Growth | revenue +2.4% a year | 12 / 20 |
| Balance sheet | net debt 2.3x EBITDA | 10 / 20 |
| Margins | EBITDA margin 11% | 10 / 20 |
Peers in Materials
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| VSVS.L (this company) | GBP 4.60 | -39.4% | 22.0 | 1.0 | 5.0% | 68 |
| MT.AS ArcelorMittal S.A. | EUR 56.00 | 39.3% | 26.4 | 0.9 | 1.1% | 70 |
| CF CF Industries | USD 118.57 | -3.0% | 8.2 | 2.0 | 2.2% | 84 |
| HOLN.SW Holcim AG | CHF 73.70 | -8.3% | 3.1 | – | 4.2% | 74 |
| UPM.HE UPM-Kymmene Oyj | EUR 22.40 | -10.6% | 17.2 | 1.2 | 6.7% | 70 |
| YAR.OL Yara International ASA | NOK 396.30 | -16.1% | 7.6 | 1.1 | 1.2% | 74 |
| AMCR Amcor | USD 45.84 | -20.9% | 19.6 | 0.6 | 5.8% | 90 |
| MOS Mosaic Company (The) | USD 22.33 | -35.5% | 13.2 | – | 3.9% | 79 |
| SSAB-A.ST SSAB AB | SEK 92.94 | -60.9% | 16.3 | 1.3 | 2.8% | 62 |
| Peer median | 14.7 | 1.2 | ||||
Dividends
Paid in the last 12 months: GBP 0.00 per share · yield 0.05% at the current price.
| Year | Dividends per share |
|---|---|
| 2026 (so far) | 0.002 |
| 2025 | 0.002 |
| 2024 | 0.002 |
| 2023 | 0.002 |
| 2022 | 0.002 |
| 2021 | 0.002 |
Annual financial statement
Saved annual report · Fiscal year 2025 · EODHD annual statements · period ended 31 Dec 2025
| Revenue | GBP 1,809,500,000 |
|---|---|
| EBITDA | GBP 198,700,000 |
| EBIT | GBP 122,300,000 |
| Net income | GBP 52,200,000 |
| Free cash flow | GBP 39,400,000 |
| Capital expenditures | GBP 78,100,000 |
| Debt | GBP 641,900,000 |
| Cash | GBP 190,600,000 |
| Working capital | GBP 544,500,000 |
| Shares outstanding | 250,100,000 |
| Reported dividends per share | GBP 0.2315 |