Vp

VP.L

Rental & Leasing Services · Industrials

Exchange

London Stock Exchange

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Mar 31, 2026

How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Weak

Stability

Mixed

Valuation

Data not available

Dividends

Strong

Track this stock — start free trial

Winston Score History

The full picture

Vp plc is a UK-based equipment rental company. It rents out specialist tools and equipment to construction, infrastructure, and utility companies. Its divisions include Groundforce, which provides temporary ground support and shoring systems, and Hire Station, which rents general construction tools to contractors and tradespeople.

The company earns money by charging customers daily or weekly rental fees rather than selling equipment outright. Vp operates almost entirely in the UK and Ireland, with some international activity, and generates around £400 million in annual revenue. Its competitive position relies on specialist equipment that customers prefer to rent rather than buy due to high upfront costs. The main risk is that revenue is closely tied to UK construction activity, which can fall sharply during economic downturns or when government infrastructure spending slows — both of which pressure utilisation rates and margins.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-9.4% YoY

YoY Growth Rate

Revenue declining

EPS Growth

<−1,000% YoY

YoY Growth Rate

Earnings declining

Insider Activity

54.3%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

£21M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Vp's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

20.5%

Thin — 20.5% gross margin

Profit after running costs

Operating Margin

1.9%

Thin — 1.9% operating margin

Return on the money invested

ROCE

6.7%

Weak — 6.7% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

-5.7%

Shrinking sales (-5.7% YoY)

Profit growth

EPS YoY

-135.7%

Earnings shrinking (-135.7% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

0.6%

Thin free cash flow (0.6%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

1.30

Elevated debt (1.30)

Covers its interest

Interest Cover

1.97x

Dangerous — barely covers interest (2.0x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend

Dividend Yield

8.40%

no trend

Healthy income — 8.40% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record

Dividend Growth

+3.3%

no trend

Dividend growing modestly (3.3% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial