CVS continues to impress
Full year results from one of the UK's leading providers of veterinary services were excellent, with free cash flow particularly encouraging. Shares in this high-quality AIM company have rarely looked better value, as we highlight here.
CVS Group (AIM:CVSG), one of the UK's leading providers of integrated veterinary services, continues to impress. However, despite its evident defensive attributes and the growing UK pet population, the shares have fallen more than 40% off September 2021 highs. They certainly continue to look compelling value at current levels based on the latest results, a positive outlook, highly supportive market and attractive cash flow, as our commentary below highlights. CVS now has approx. 500 veterinary practices across its three markets, including eight specialist referral hospitals and 35 dedicated out-of-hours sites. Alongside the core Veterinary Practices division, it operates Laboratories (providing…