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VRS

VerisASX:VRS Stock Report

Last Price

AU$0.058

Market Cap

AU$30.3m

7D

5.5%

1Y

-25.6%

Updated

22 Jan, 2022

Data

Company Financials
VRS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

VRS Stock Overview

Veris Limited provides surveying, professional and advisory, and geospatial services in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Veris
Historical stock prices
Current Share PriceAU$0.058
52 Week HighAU$0.086
52 Week LowAU$0.053
Beta1.09
1 Month Change3.57%
3 Month Change-12.12%
1 Year Change-25.64%
3 Year Change-42.00%
5 Year Change-76.33%
Change since IPO-71.00%

Recent News & Updates

Shareholder Returns

VRSAU Professional ServicesAU Market
7D5.5%-3.1%-2.8%
1Y-25.6%11.5%5.8%

Return vs Industry: VRS underperformed the Australian Professional Services industry which returned 11.5% over the past year.

Return vs Market: VRS underperformed the Australian Market which returned 5.8% over the past year.

Price Volatility

Is VRS's price volatile compared to industry and market?
VRS volatility
VRS Average Weekly Movement7.6%
Professional Services Industry Average Movement5.5%
Market Average Movement8.6%
10% most volatile stocks in AU Market15.4%
10% least volatile stocks in AU Market3.7%

Stable Share Price: VRS is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: VRS's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006n/aMichael Shirleyhttps://www.veris.com.au

Veris Limited provides surveying, professional and advisory, and geospatial services in Australia. The company’s Veris Australia segment provides an end-to-end spatial data solution, which includes data collection, analysis, interpretation, data hosting and access, modelling, and sharing and insights for clients. This segment also offers professional and data services spanning the surveying, digital and spatial, and town planning and urban design services.

Veris Fundamentals Summary

How do Veris's earnings and revenue compare to its market cap?
VRS fundamental statistics
Market CapAU$30.32m
Earnings (TTM)-AU$1.38m
Revenue (TTM)AU$99.56m

0.3x

P/S Ratio

-22.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VRS income statement (TTM)
RevenueAU$99.56m
Cost of RevenueAU$82.32m
Gross ProfitAU$17.25m
ExpensesAU$18.63m
Earnings-AU$1.38m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0026
Gross Margin17.32%
Net Profit Margin-1.39%
Debt/Equity Ratio62.6%

How did VRS perform over the long term?

See historical performance and comparison

Valuation

Is Veris undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: VRS (A$0.06) is trading below our estimate of fair value (A$0.15)

Significantly Below Fair Value: VRS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: VRS is unprofitable, so we can't compare its PE Ratio to the Australian Professional Services industry average.

PE vs Market: VRS is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate VRS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: VRS is overvalued based on its PB Ratio (4x) compared to the AU Professional Services industry average (3.3x).


Future Growth

How is Veris forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.8%

Forecasted Commercial Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Veris has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Veris performed over the past 5 years?

-38.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VRS is currently unprofitable.

Growing Profit Margin: VRS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: VRS is unprofitable, and losses have increased over the past 5 years at a rate of 38.8% per year.

Accelerating Growth: Unable to compare VRS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: VRS is unprofitable, making it difficult to compare its past year earnings growth to the Professional Services industry (9.3%).


Return on Equity

High ROE: VRS has a negative Return on Equity (-18.37%), as it is currently unprofitable.


Financial Health

How is Veris's financial position?


Financial Position Analysis

Short Term Liabilities: VRS's short term assets (A$26.8M) do not cover its short term liabilities (A$33.1M).

Long Term Liabilities: VRS's short term assets (A$26.8M) exceed its long term liabilities (A$22.2M).


Debt to Equity History and Analysis

Debt Level: VRS's net debt to equity ratio (0.6%) is considered satisfactory.

Reducing Debt: VRS's debt to equity ratio has increased from 8.5% to 62.6% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable VRS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: VRS is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 21.2% per year.


Dividend

What is Veris's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate VRS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate VRS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if VRS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if VRS's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: VRS is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of VRS's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Michael Shirley

2.25yrs

Tenure

AU$411,400

Compensation

Dr. Michael Shirley, BSc (Hons), Phd serves as Chief Executive Officer of Veris Australia of Veris Limited since 2020. He served as Chief Executive Officer of Veris Limited since October 2019 until 2020. H...


CEO Compensation Analysis

Compensation vs Market: Michael's total compensation ($USD296.42K) is about average for companies of similar size in the Australian market ($USD292.62K).

Compensation vs Earnings: Michael's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: VRS's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: VRS's board of directors are considered experienced (5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: VRS insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 28.9%.


Top Shareholders

Company Information

Veris Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Veris Limited
  • Ticker: VRS
  • Exchange: ASX
  • Founded: 2006
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Implied Market Cap: AU$30.319m
  • Shares outstanding: 522.75m
  • Website: https://www.veris.com.au

Location

  • Veris Limited
  • 3 Hasler Road
  • Level 12
  • Osborne Park
  • Western Australia
  • 6017
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/22 07:03
End of Day Share Price2022/01/21 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.