olivLaw · European equity research
Videndum plc VID.L
United Kingdom · London Stock Exchange · ISIN GB00BWGBNB23 · Vertical: Listed companies from United Kingdom
Videndum plc is a British group that designs and sells equipment for audiovisual content production, from stabilisers and tripods to lighting and virtual production systems. The group had a difficult 2025, with reported revenue down 19%, and cost discipline and new product launches are central to its recovery strategy.
At the close of 05 Nov 2026, Videndum plc (VID.L) stock was 2.15 GBP (−2.27% on the day), with market capitalisation 108.4 m GBP, dividend yield 0.00%, beta 0.16, 52-week range 1.92–80.60 GBP.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 41.1
- weak (30–45)
- Bollinger (20, 2)
- 2.15 – 2.41
- in the lower half of the band · %B 0.01 · band width 11.4%
- SMA 50 / 200
- 2.26 / 7.72
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.03 / -0.02
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −11.3% | −0.6% | −10.7 pp | — |
| 3 months | −9.3% | −4.2% | −5.1 pp | — |
| 6 months | −46.9% | +4.3% | −51.2 pp | — |
| Year to date | −90.2% | +7.5% | −97.7 pp | — |
| 1 year | −97.0% | +9.9% | −106.9 pp | +5.8% |
| 3 years | −99.7% | +49.8% | −149.5 pp | +26.3% |
| 5 years | −99.9% | +42.8% | −142.7 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | unavailable | 306.9 m | 280.7 m | 228.3 m |
| Revenue YoY | unavailable | unavailable | −8.5% | −18.7% |
| Net income | unavailable | -78.1 m | -147.0 m | -68.6 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS | unavailable | -1.58 | -3.12 | -1.36 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable |
| net % | unavailable | -25.4% | -52.4% | -30.0% |
| Free cash flow | unavailable | -20.9 m | 4.8 m | -23.5 m |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 11.0 m GBP
- Financial debt
- 300.0 k GBP
- Net debt
- -10.7 m GBP
- Equity
- 16.2 m GBP
- Total assets
- 228.8 m GBP
- Debt / equity
- 0.02x
- Current ratio
- 0.63x
- ROE
- -134.4%
- ROA
- -23.9%
- FCF margin
- -10.3%
Financial statements (source on every figure)
Revenue and net income (GBP)
Margins
Income statement · GBP
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Revenue | — | 306.9 m | 280.7 m | 228.3 m | esef· 21 Apr 2026verified |
| Cost of revenue | — | 193.0 m | 188.4 m | 156.0 m | esef· 21 Apr 2026verified |
| Gross profit | — | 113.9 m | 92.3 m | 72.3 m | esef· 21 Apr 2026verified |
| Operating income | — | -4.7 m | -84.5 m | -53.9 m | esef· 21 Apr 2026verified |
| Interest expense | — | 16.5 m | 10.1 m | 16.9 m | esef· 21 Apr 2026verified |
| Pre-tax income | — | -18.8 m | -91.3 m | -70.0 m | esef· 21 Apr 2026verified |
| Income tax | — | -6.7 m | 44.1 m | 1.7 m | esef· 21 Apr 2026verified |
| Net income | — | -78.1 m | -147.0 m | -68.6 m | esef· 21 Apr 2026verified |
| Diluted EPS | — | -1.58 | -3.12 | -1.36 | esef· 21 Apr 2026verified |
| Dividend per share | 0.25 | 0.23 | 0.00 | — | esef· 10 Jun 2025derived |
Balance sheet · GBP
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Cash | — | 8.7 m | 57.3 m | 11.0 m | esef· 21 Apr 2026verified |
| Receivables | — | 47.3 m | 38.7 m | 46.4 m | esef· 21 Apr 2026verified |
| Inventories | — | 94.5 m | 82.5 m | 59.8 m | esef· 21 Apr 2026verified |
| Current assets | — | 159.8 m | 188.7 m | 119.8 m | esef· 21 Apr 2026verified |
| Property, plant & equipment, net | — | 56.4 m | 48.6 m | 39.0 m | esef· 21 Apr 2026verified |
| Total assets | — | 451.3 m | 346.3 m | 228.8 m | esef· 21 Apr 2026verified |
| Accounts payable | — | 42.8 m | 43.7 m | 42.1 m | esef· 21 Apr 2026verified |
| Long-term debt | — | 99.0 m | 114.2 m | 300.0 k | esef· 21 Apr 2026verified |
| Current liabilities | — | 65.7 m | 118.8 m | 188.9 m | esef· 21 Apr 2026verified |
| Total liabilities | — | 213.8 m | 260.4 m | 212.6 m | esef· 21 Apr 2026verified |
| Equity | 223.7 m | 237.5 m | 85.9 m | 16.2 m | esef· 21 Apr 2026verified |
| Shares outstanding at year end | — | 49.6 m | 47.2 m | 50.4 m | esef· 21 Apr 2026derived |
Cash flow · GBP
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Operating cash flow | — | -16.1 m | 12.7 m | -16.3 m | esef· 21 Apr 2026verified |
| Capex | — | 4.8 m | 7.9 m | 7.2 m | esef· 21 Apr 2026verified |
| Free cash flow | — | -20.9 m ≈ | 4.8 m ≈ | -23.5 m ≈ | esef· 21 Apr 2026derived |
| Investing cash flow | — | -20.8 m | -12.6 m | -3.9 m | esef· 21 Apr 2026verified |
| Financing cash flow | — | 23.4 m | 7.0 m | 18.0 m | esef· 21 Apr 2026verified |
| Dividends paid | — | 11.6 m | 0 | — | esef· 10 Jun 2025verified |
| Share repurchases | — | 3.7 m | 500.0 k | 300.0 k | esef· 21 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 41.7% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 108.4 m GBP
Key indicators
Coverage and freshness
Score by group
42% · Insufficient data
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 41.7% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | -61.1% | 0 (vs peers) | 25% |
| Net margin · Quality | -30.0% | 17 (vs peers) | 15% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -3.2x | 0 (on a fixed band) | 15% |
| Current ratio · Balance sheet | 0.6x | 0 (on a fixed band) | 10% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -21.7% | 0 (on a fixed band) | 20% |
| Shareholder yield (distributions) · Returns | 0.3% | 4 (on a fixed band) | 15% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet0/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality6/100 · 2/3 factors with a value
- Returns· partial4/100 · 1/2 factors with a value
- Valuation· partial0/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
VIDENDUM PLC (VID.L). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 228.3 m GBP in 2025; YoY growth -18.7%; net margin -30.0%; ROE -134.4%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (score weight coverage: 41.7% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- ROIC: -61.1%
- Net margin: -30.0%
- Interest coverage: -3.2x
- Current ratio: 0.6x
- FCF yield: -21.7%
- Shareholder yield (distributions): 0.3%
Not assessed (insufficient data or a ratio without meaning): FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, Payout ratio (FCF).
Versus the vertical median
Listed companies from United Kingdom · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BATS.LBritish American Tobacco P.L.C. | 104.3 bn | 13.5 | 16.5% | 30.3% | −1.0% | +7% / +88% |
| ABF.LAssociated British Foods PLC | 14.7 bn | 14.3 | 9.2% | 5.3% | −3.1% | −5% / −15% |
| 0EV1.LCarnival PLC | 5.5 bn | 4.1 | 46.7% | 13.4% | +6.4% | unavailable / unavailable |
| BAB.LBabcock International Group PLC | 5.1 bn | 24.7 | 34.7% | 4.1% | +7.2% | −10% / +158% |
| AUTO.LAutotrader Group PLC | 4.8 bn | 16.4 | 60.2% | 47.1% | +3.9% | −13% / −23% |
| BBY.LBalfour Beatty PLC | 4.2 bn | 16.3 | 23.2% | 2.8% | +15.2% | +20% / +160% |
| ABDN.LAberdeen Group PLC | 4.1 bn | 10.8 | 8.0% | 28.9% | −2.1% | +11% / +41% |
| BKG.LThe Berkeley Group Holdings PLC | 3.6 bn | 11.3 | 8.8% | 13.4% | −4.2% | −0% / −22% |
| BME.LB&M European Value Retail PLC | 2.9 bn | 17.4 | 21.2% | 2.8% | +3.7% | +68% / −51% |
| AJB.LAj Bell PLC | 2.4 bn | 22.8 | 49.9% | 33.1% | +18.0% | +8% / +128% |
| ASHM.LAshmore Group PLC | 1.4 bn | 13.9 | 13.1% | 71.6% | −0.1% | +28% / +18% |
| BCG.LBaltic Classifieds Group PLC | 1.2 bn | 23.2 | 15.8% | 57.6% | +6.9% | −99% / −99% |
| APN.LApplied Nutrition PLC | 763.6 m | 36.2 | 41.2% | 19.7% | +24.2% | +71% / unavailable |
| BAG.LA.G. Barr P.L.C. | 671.9 m | 14.4 | 14.4% | 10.8% | +4.0% | −7% / +26% |
| ASC.LAsos PLC | 494.5 m | — | -81.3% | -12.0% | −14.7% | +71% / +8% |
| ALFA.LAlfa Financial Software Holdings PLC | 486.8 m | 16.3 | 61.5% | 23.8% | +15.3% | −28% / +10% |
| AML.LAston Martin Lagonda Global Holdings PLC | 344.3 m | — | -93.4% | -39.2% | −20.6% | −45% / −85% |
| APTD.LAptitude Software Group PLC | 111.3 m | 28.5 | 7.2% | 6.2% | −7.3% | −30% / −23% |
| VID.LVidendum PLC | 108.4 m | — | -134.4% | -30.0% | −18.7% | −97% / −100% |
| AMGO.LAmigo Holdings PLC | 9.9 m | — | — | — | −81.9% | +325% / +844% |
| ASBE.LAssociated British Engineering PLC | 605.3 k | — | -19.1% | — | unavailable | unavailable / unavailable |
| AMIF.LAmicorp Fs (uk) PLC | 221.6 k | 0.1 | 27.5% | 9.1% | +8.1% | unavailable / unavailable |
| AAF.LAirtel Africa PLC | — | — | 24.1% | 10.6% | +29.5% | −7% / +164% |
| AAL.LAnglo American PLC | — | — | -19.3% | -20.2% | +4.5% | +30% / +76% |
| ACG.LAcg Metals Limited | — | — | -80.3% | -32.0% | +134.8% | +60% / +63% |
1- and 3-year price returns: for VID.L from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (GBP)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Videndum plc is a British group that designs and sells equipment for audiovisual content production, from stabilisers and tripods to lighting and virtual production systems. The group had a difficult 2025, with reported revenue down 19% 1, and cost discipline and new product launches are central to its recovery strategy.
SWOT
Strengths
- A portfolio of recognised brands in the professional content creation segment gives the company a solid customer base. It has established experience in designing imaging and sound equipment.
- Cost reductions in recent years and production relocation have created a more efficient operating structure. Savings delivered in 2025 show management's ability to execute restructuring programmes.
- Refinancing has reduced liquidity risk, although the material uncertainty about going concern remains in the report. The finance team has been strengthened with a permanent chief financial officer.
Weaknesses
- Revenue fell sharply in 2025 and adjusted losses remained high. Higher debt and financing costs weighed on results.
- Dependence on suppliers with limited alternatives for specialised components remains a high risk. One channel partner holds a material share of sales.
- Asset impairments and difficulties in some businesses that have not met expectations generated significant adjustments. Restructuring costs were high relative to results.
Opportunities
- Recent product launches have received a positive response and could support a revenue recovery. Asian markets are a growth direction targeted through dedicated teams.
- Assistive AI and virtual production may open new product categories. Recovery of tariff costs, if realised, could improve future results.
- Efficiencies from consolidating operations and simplifying the structure could improve margins if volumes grow. Own e-commerce channels offer a more direct relationship with customers.
Threats
- Tariffs and geopolitical tensions could keep raising costs and discouraging demand. Armed conflicts and trade uncertainty could reduce customers' investment.
- Generative AI could replace some production processes and reduce demand for physical equipment. Low-cost competitors may copy product designs.
- If the global recession deepens, equipment spending could fall. Cyber risks and the loss of key personnel could affect operational continuity.
Risks
- Demand for productshigh
Macroeconomic conditions, trade tensions and falling consumer incomes could reduce sales. Management rates this risk as high.
- Dependence on suppliershigh
The lack of readily available alternatives for specialised components, such as semiconductors, could affect customer service if a supplier fails.
- Going concern and liquiditymedium
The report notes a material uncertainty about going concern, although treasury risk has reduced after refinancing. If financing conditions worsen, funding options could be limited.
- Innovation and AImedium
Failure to launch new products on time or to adapt to technological change could lead customers to turn to other producers.
- Cyber security and key personnelmedium
Cyber attacks and loss of key staff during restructuring could affect operations and reputation, although the company has strengthened its protections.
Investment thesis
What would need to be true (bull case)
- If the recovery in demand is confirmed after recent product launches, revenue could grow and margins could benefit from savings already achieved in restructuring.
- Recovery of tariff costs, if it materialises, could ease pressure on profitability, and operating efficiencies could support results.
- Opportunities in assistive AI and virtual production could open new product categories and markets, particularly in Asia.
What would break the thesis
- If demand stays weak and adjusted losses persist, fixed costs and debt could remain a burden on group results.
- Tariffs and geopolitical tensions could keep raising costs, and recovery of amounts paid is not expected in the near term.
- Generative AI could reduce demand for physical equipment, and if innovation does not keep pace, market share could decline.
What to watch
- Rezultatul cererilor de recuperare a tarifelor vamale2026
- Development of revenue and adjusted margin after restructuring2026
- Outcome of claims to recover US tariff costs2026
- Appointment of the new CEO and stability of executive leadership2026
- Progress on refinancing and evolution of going concern uncertaintynext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Videndum is an international group focused on the professional and semi-professional content creation market, with brands in imaging and sound including Manfrotto and Vinten. According to the annual report for 2025, the company concentrates on product innovation, supply chain efficiency and expanding presence in key geographies 1. The group has restructured its factories, closed certain sites and sold some non-core assets.
The operating structure has been simplified in recent years: production was moved to Italy and Costa Rica, and some regional functions were reduced. The stated aim is to lower fixed costs and focus on product categories with better margins 1. The company describes a strategy built on five priorities, including innovation, lower production costs and stronger financial discipline 1.
Professional customers in television, film and advertising remain central to the business model. The group sells through distributors and channel partners, and one of them accounts for a significant share of turnover 1. Building its own e-commerce channels complements this network.
Segments
Rest of the group
Beyond VMS, the group includes divisions dedicated to imaging, lighting and virtual production. The annual report extract does not give separate figures for all of these lines, so detailed analysis remains limited to available information 1. The company targets growth in virtual production and intelligent imaging areas.
Market context
The market for content creator equipment was hit in 2025 by a difficult macroeconomic environment, US tariffs introduced in April 2025 and geopolitical conflicts 1. Management describes the year as tough, with partial tariff reductions in the second half easing demand pressure without removing uncertainty 1. Following a US Supreme Court ruling, the company has filed claims to recover tariff costs, but recovery is not expected in fiscal 2026 1.
Demand for consumer-oriented products was weak as disposable incomes fell, and the risk of a global recession remains under discussion 1. The company does, however, flag signs of improvement after the launches of Manfrotto One and Vinten Versine, which received a positive response 1.
Trends
- Tariffs and international trademixed
US tariffs raised end-user prices and costs borne by the group, and the company relocated some operations to reduce them. If the recovery of tariff costs following the Supreme Court decision materialises, the negative impact could be partly offset in future periods 1.
- Generative artificial intelligencemixed
The company identifies generative AI as both a risk and an opportunity. If tools that automatically create images and video expand in production, demand for some physical products could decline, while assistive AI features could open new categories 1.
- Restructuring and operational efficiencytailwind
Restructuring savings and the closure of some production sites could support margins if volumes recover. Concentrating production in fewer locations reduces fixed costs but increases dependence on certain supply lines 1.
- Pressure on consumer demandheadwind
Inflation and recession have reduced consumers' disposable income, which has hurt sales of products aimed at the wider public. If this context persists, volumes could stay below earlier levels 1.
Competitive position
The annual report extract does not detail direct competitors, so the competitive landscape must be viewed in general terms. The group competes on product innovation, pricing and its ability to meet the needs of content creators, and the risk of imitation by low-cost manufacturers is explicitly noted 1.
The company stresses that its brands and product design are critical differentiators but hard to protect legally. To respond to competitive pressure, the group has refreshed its product ranges and invested in higher-technology segments 1.
- Low-cost Asian manufacturers
The report cites the risk of imitation and infringement by low-cost competitors without naming them.
- Professional imaging equipment suppliers
Competition in the professional segment is mentioned generically, without identifying specific companies in this extract.
- AI platforms and solution providers
Development of assistive and generative AI may create competition from new technology players, as the company's risk disclosures indicate.
- Distributors and sales channels
Distribution channels can also act as competitive pressure on margins, especially when one partner holds a large share.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202521 Apr 2026
- Annual report 202410 Jun 2025
- Annual report 202310 Jun 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / Videndum plc · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.