Veris
Veris Limited provides surveying, professional and advisory, and geospatial services in Australia. The last earnings update was 55 days ago. More info.
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- Veris has significant price volatility in the past 3 months.
VRS Share Price and Events
7 Day Returns
1 Year Returns
VRS Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Veris (VRS) | 1.7% | -7.7% | -40% | -70% | -70% | -58.6% |
| AU Professional Services | 0.4% | 1.6% | 8.8% | 10.2% | 19.4% | 12.2% |
| AU Market | -0% | 1% | 6.9% | 4.6% | 18.2% | 4.8% |
1 Year Return vs Industry and Market
- VRS underperformed the Professional Services industry which returned 10.2% over the past year.
- VRS underperformed the Market in Australia which returned 4.6% over the past year.
VRS Value
Is Veris undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Veris
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Veris.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 1 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 10.2% |
| Perpetual Growth Rate | 10-Year AU Government Bond Rate | 2.3% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year AU Govt Bond Rate | 2.3% |
| Equity Risk Premium | S&P Global | 6% |
| Professional Services Unlevered Beta | Simply Wall St/ S&P Global | 0.86 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.858 (1 + (1- 30%) (102.75%)) |
1.318 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.32 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.318 * 5.96%) |
10.17% |
Discounted Cash Flow Calculation for ASX:VRS using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Veris is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (AUD, Millions) | Source |
Present Value Discounted (@ 10.17%) |
|
|---|---|---|---|
| 2019 | 6.10 | Analyst x1 | 5.54 |
| 2020 | 7.90 | Analyst x1 | 6.51 |
| 2021 | 9.00 | Analyst x1 | 6.73 |
| 2022 | 9.88 | Est @ 9.81% | 6.71 |
| 2023 | 10.63 | Est @ 7.56% | 6.55 |
| 2024 | 11.27 | Est @ 5.99% | 6.30 |
| 2025 | 11.82 | Est @ 4.88% | 6.00 |
| 2026 | 12.30 | Est @ 4.11% | 5.67 |
| 2027 | 12.74 | Est @ 3.57% | 5.33 |
| 2028 | 13.15 | Est @ 3.19% | 4.99 |
| Present value of next 10 years cash flows | A$60.33 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= A$13.15 × (1 + 2.31%) ÷ (10.17% – 2.31%) |
A$171.28 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= A$171.28 ÷ (1 + 10.17%)10 |
A$65.04 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= A$60.33 + A$65.04 |
A$125.37 |
| Equity Value per Share (AUD) |
= Total value / Shares Outstanding
= A$125.37 / 367.60 |
A$0.34 |
| Calculation | Result | |
|---|---|---|
| Value per share (AUD) | From above. | A$0.34 |
| Current discount | Discount to share price of
A$0.06
= -1 x (A$0.06 - A$0.34) / A$0.34 |
82.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Veris's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Veris's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Veris's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Veris's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in AUD | A$-0.10 |
| ASX:VRS Share Price ** | ASX (2019-04-23) in AUD | A$0.06 |
| Australia Professional Services Industry PE Ratio | Median Figure of 10 Publicly-Listed Professional Services Companies | 17.64x |
| Australia Market PE Ratio | Median Figure of 544 Publicly-Listed Companies | 16.14x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Veris.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = ASX:VRS Share Price ÷ EPS (both in AUD) = 0.06 ÷ -0.10 |
-0.57x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Veris is loss making, we can't compare its value to the AU Professional Services industry average.
- Veris is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does
Veris's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -0.57x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts |
92.8%per year |
| Australia Professional Services Industry PEG Ratio | Median Figure of 8 Publicly-Listed Professional Services Companies | 1.21x |
| Australia Market PEG Ratio | Median Figure of 360 Publicly-Listed Companies | 1.35x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Veris, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Veris's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in AUD | A$0.09 |
| ASX:VRS Share Price * | ASX (2019-04-23) in AUD | A$0.06 |
| Australia Professional Services Industry PB Ratio | Median Figure of 23 Publicly-Listed Professional Services Companies | 2.2x |
| Australia Market PB Ratio | Median Figure of 1,676 Publicly-Listed Companies | 1.67x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = ASX:VRS Share Price ÷ Book Value per Share (both in AUD) = 0.06 ÷ 0.09 |
0.69x |
* Primary Listing of Veris.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Veris is good value based on assets compared to the AU Professional Services industry average.
Value checks
We assess Veris's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check) Veris has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
VRS Future Performance
How is Veris expected to perform in the next 1 to 3 years based on estimates from 1 analyst?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Veris's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
- Veris's earnings growth is expected to exceed the Australia market average.
- Veris's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| ASX:VRS Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts | 92.8% |
| ASX:VRS Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts | 10.2% |
| Australia Professional Services Industry Earnings Growth Rate | Market Cap Weighted Average | 29.3% |
| Australia Professional Services Industry Revenue Growth Rate | Market Cap Weighted Average | 10.5% |
| Australia Market Earnings Growth Rate | Market Cap Weighted Average | 6.7% |
| Australia Market Revenue Growth Rate | Market Cap Weighted Average | 3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| Date (Data in AUD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-06-30 | 164 | 10 | 0 | 1 |
| 2020-06-30 | 154 | 9 | -1 | 1 |
| 2019-06-30 | 142 | 7 | -38 | 1 |
| Date (Data in AUD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 124 | 8 | -36 |
| 2018-09-30 | 115 | 4 | -18 |
| 2018-06-30 | 107 | 0 | -1 |
| 2018-03-31 | 98 | 2 | -1 |
| 2017-12-31 | 88 | 5 | 0 |
| 2017-09-30 | 81 | 5 | -1 |
| 2017-06-30 | 74 | 6 | -1 |
| 2017-03-31 | 82 | 9 | 1 |
| 2016-12-31 | 90 | 11 | 3 |
| 2016-09-30 | 105 | 14 | 11 |
| 2016-06-30 | 121 | 16 | 20 |
| 2016-03-31 | 110 | 12 | 13 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
All data from Veris Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in AUD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-06-30 | 0.00 | 0.00 | 0.00 | 1.00 |
| 2020-06-30 | 0.00 | 0.00 | 0.00 | 1.00 |
| 2019-06-30 | -0.11 | -0.11 | -0.11 | 1.00 |
| Date (Data in AUD Millions) | EPS * |
|---|---|
| 2018-12-31 | -0.10 |
| 2018-09-30 | -0.05 |
| 2018-06-30 | 0.00 |
| 2018-03-31 | 0.00 |
| 2017-12-31 | 0.00 |
| 2017-09-30 | 0.00 |
| 2017-06-30 | 0.00 |
| 2017-03-31 | 0.00 |
| 2016-12-31 | 0.01 |
| 2016-09-30 | 0.04 |
| 2016-06-30 | 0.07 |
| 2016-03-31 | 0.05 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Veris's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Veris has a total score of 4/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
VRS Past Performance
How has Veris performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Veris does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
- Unable to compare Veris's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare Veris's 1-year growth to the AU Professional Services industry average as it is not currently profitable.
Earnings and Revenue History
All data from Veris Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in AUD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 124.16 | -35.82 | 0.76 | |
| 2018-09-30 | 115.49 | -18.44 | 0.90 | |
| 2018-06-30 | 106.83 | -1.06 | 1.03 | |
| 2018-03-31 | 97.53 | -0.74 | 0.64 | |
| 2017-12-31 | 88.22 | -0.42 | 0.26 | |
| 2017-09-30 | 80.87 | -0.92 | 0.28 | |
| 2017-06-30 | 73.52 | -1.43 | 0.30 | |
| 2017-03-31 | 81.72 | 0.66 | 0.73 | |
| 2016-12-31 | 89.93 | 2.75 | 1.16 | |
| 2016-09-30 | 105.40 | 11.22 | 1.10 | |
| 2016-06-30 | 120.86 | 19.70 | 1.05 | |
| 2016-03-31 | 109.79 | 13.45 | 0.80 | |
| 2015-12-31 | 98.72 | 7.20 | 0.54 | |
| 2015-09-30 | 83.80 | -0.79 | 0.47 | |
| 2015-06-30 | 68.88 | -8.79 | 0.40 | |
| 2015-03-31 | 70.43 | -3.81 | 0.27 | |
| 2014-12-31 | 71.97 | 1.17 | 0.15 | |
| 2014-09-30 | 92.55 | 3.33 | 0.07 | |
| 2014-06-30 | 113.13 | 5.50 | ||
| 2014-03-31 | 125.03 | 6.13 | 18.17 | |
| 2013-12-31 | 136.94 | 6.79 | 14.62 | |
| 2013-09-30 | 125.43 | 6.00 | 14.62 | |
| 2013-06-30 | 113.93 | 5.21 | 14.62 | |
| 2013-03-31 | 123.21 | 5.17 | 5.77 | |
| 2012-12-31 | 132.49 | 5.14 | 6.82 | |
| 2012-09-30 | 142.33 | 5.68 | 9.80 | |
| 2012-06-30 | 152.18 | 6.21 | 12.78 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if Veris has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if Veris has efficiently used its assets last year compared to the AU Professional Services industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if Veris improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess Veris's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Veris has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
VRS Health
How is Veris's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Veris's finances.
The net worth of a company is the difference between its assets and liabilities.
- Veris is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Veris's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 1.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Veris Company Filings, last reported 3 months ago.
| Date (Data in AUD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 30.64 | 22.29 | 6.94 |
| 2018-09-30 | 30.64 | 22.29 | 6.94 |
| 2018-06-30 | 68.20 | 26.03 | 5.59 |
| 2018-03-31 | 68.20 | 26.03 | 5.59 |
| 2017-12-31 | 64.37 | 13.72 | 8.11 |
| 2017-09-30 | 64.37 | 13.72 | 8.11 |
| 2017-06-30 | 66.94 | 11.53 | 14.57 |
| 2017-03-31 | 66.94 | 11.53 | 14.57 |
| 2016-12-31 | 67.17 | 11.47 | 12.40 |
| 2016-09-30 | 67.17 | 11.47 | 12.40 |
| 2016-06-30 | 53.30 | 11.39 | 12.97 |
| 2016-03-31 | 53.30 | 11.39 | 12.97 |
| 2015-12-31 | 46.69 | 13.51 | 10.16 |
| 2015-09-30 | 46.69 | 13.51 | 10.16 |
| 2015-06-30 | 32.08 | 16.04 | 10.18 |
| 2015-03-31 | 32.08 | 16.04 | 10.18 |
| 2014-12-31 | 38.65 | 18.18 | 13.06 |
| 2014-09-30 | 38.65 | 18.18 | 13.06 |
| 2014-06-30 | 27.50 | 9.60 | 6.80 |
| 2014-03-31 | 27.47 | 9.60 | 6.80 |
| 2013-12-31 | 24.67 | 10.93 | 9.14 |
| 2013-09-30 | 24.67 | 10.93 | 9.14 |
| 2013-06-30 | 22.01 | 8.72 | 4.33 |
| 2013-03-31 | 22.01 | 8.72 | 4.33 |
| 2012-12-31 | 18.17 | 7.91 | 4.13 |
| 2012-09-30 | 18.17 | 7.91 | 4.13 |
| 2012-06-30 | 12.84 | 9.95 | 3.96 |
- Veris's level of debt (72.7%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (44.2% vs 72.7% today).
- Debt is well covered by operating cash flow (35.8%, greater than 20% of total debt).
- Veris is making a loss, therefore interest payments are not well covered by earnings.
Financial health checks
We assess Veris's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Veris has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
VRS Dividends
What is Veris's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
A$2,000 of
Veris
shares you are expected to receive
A$167
in your first year as a dividend.
Dividend Amount
- Veris's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.52%).
- Veris's dividend is above the markets top 25% of dividend payers in Australia (5.81%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| Australia Professional Services Industry Average Dividend Yield | Market Cap Weighted Average of 13 Stocks | 3.1% |
| Australia Market Average Dividend Yield | Market Cap Weighted Average of 417 Stocks | 4.3% |
| Australia Minimum Threshold Dividend Yield | 10th Percentile | 1.6% |
| Australia Bottom 25% Dividend Yield | 25th Percentile | 2.5% |
| Australia Top 25% Dividend Yield | 75th Percentile | 5.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in A$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-06-30 | 0.00 | 1.00 |
| 2020-06-30 | 0.00 | 1.00 |
| 2019-06-30 | 0.00 | 1.00 |
| Date (Data in A$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-08-30 | 0.005 | 5.021 |
| 2017-08-16 | 0.005 | 2.610 |
| 2016-08-15 | 0.005 | 2.683 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, Veris has been paying a dividend for less than 10 years.
- Veris has only been paying a dividend for 3 years, and since then there has been no growth.
Income/ dividend checks
We assess Veris's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Veris afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Veris has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
VRS Management
CEO
| COMPENSATION | A$468,939 |
| TENURE AS CEO | 2.1 years |
CEO Bio
Mr. Adam Peter Lamond serves as the Chief Executive Officer of OTOC Australia Pty Ltd. Mr. Lamond is the Founder of Veris Limited (FOrmer Name: OTOC Limited) and served as its Executive Director of Business Development since January 2014 until March 2017. He has been Managing Director of Veris Limited since March 29, 2017. Mr. Lamond served as Executive Director of Corporate Strategy at Veris Limited from February 3, 2014 to December 3, 2015. He served as the Chief Executive Officer of Veris Limited from October 13, 2011 to February 3, 2014 and served as its Managing Director until February 3, 2014. He served as Chief Executive Officer of Emerson Stewart Group Ltd and its Managing Director since November 02, 2011. Mr. Lamond has particular expertise in the electrical trade and camp installations in remote Western Australia. Mr. Lamond began his career in the mining industry in 1995, working for a private electrical contractor and subsequently as a sub-contractor. He founded his own electrical contracting business in 2003 before merging it with several other private contracting businesses to form Ocean to Outback Contracting Pty Ltd and where he served as its Chief Executive Officer. Mr. Lamond is a qualified electrician and electrical contractor with over 17 years of experience in the mining industry. He served as an Executive Director at Veris Limited since October 13, 2011 and Emerson Stewart Group Ltd since November 02, 2011.
CEO Compensation
- Adam's compensation has increased whilst company is loss making.
- Adam's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure
Average tenure of the Veris management team in years:
- The average tenure for the Veris management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Adam Lamond
Founder
A$469K
2.1 yrs
Brian Mangano
Chief Financial Officer
A$525K
6.8 yrs
Brian Elton
Executive Director
A$373K
Lisa Wynne
Company Secretary
A$239K
6.8 yrs
Board of Directors Tenure
Average tenure of the Veris board of directors in years:
- The tenure for the Veris board of directors is about average.
Board of Directors
Derek La Ferla
Independent Non-Executive Chairman
A$131K
59
7.5 yrs
Adam Lamond
Founder
A$469K
7.5 yrs
Brian Elton
Executive Director
A$373K
1.1 yrs
Tom Lawrence
Independent Non-Executive Director
A$77K
7.5 yrs
Karl Paganin
Independent Non-Executive Director
A$77K
3.5 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Veris insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (A$) | Value (A$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 16. Apr 19 | Buy | Brian Elton | Individual | 16. Apr 19 | 16. Apr 19 | 1,000,000 | A$0.06 | A$56,999 | ||
| 14. Jan 19 | Buy | Thomas Lawrence | Individual | 08. Jan 19 | 09. Jan 19 | 188,495 | A$0.11 | A$20,378 | ||
| 24. Dec 18 | Buy | Brian Elton | Individual | 21. Dec 18 | 21. Dec 18 | 30,000 | A$0.10 | A$2,880 | ||
| 13. Dec 18 | Buy | Brian Elton | Individual | 11. Dec 18 | 12. Dec 18 | 1,250,000 | A$0.10 | A$124,799 | ||
| 22. Nov 18 | Buy | Thomas Lawrence | Individual | 22. Nov 18 | 22. Nov 18 | 4,000,000 | A$0.09 | A$359,999 | ||
| 22. Nov 18 | Buy | Karl Paganin | Individual | 21. Nov 18 | 21. Nov 18 | 1,000,000 | A$0.09 | A$90,000 | ||
| 12. Nov 18 | Buy | Thomas Lawrence | Individual | 09. Nov 18 | 09. Nov 18 | 500,000 | A$0.12 | A$61,601 | ||
| 31. Oct 18 | Buy | Brian Elton | Individual | 26. Oct 18 | 31. Oct 18 | 100,000 | A$0.13 | A$13,300 | ||
| 29. Oct 18 | Buy | Adam Lamond | Individual | 26. Oct 18 | 26. Oct 18 | 200,000 | A$0.13 | A$25,961 | ||
| 29. Oct 18 | Buy | Thomas Lawrence | Individual | 26. Oct 18 | 26. Oct 18 | 225,000 | A$0.14 | A$30,400 | ||
| 17. Oct 18 | Buy | Perennial Value Management Limited | Company | 27. Sep 18 | 15. Oct 18 | 4,027,868 | A$0.21 | A$786,676 | ||
| 27. Sep 18 | Buy | Brian Elton | Individual | 17. Sep 18 | 17. Sep 18 | 89,500 | A$0.22 | A$19,243 | ||
| 21. Sep 18 | Buy | Perennial Value Management Limited | Company | 30. Aug 18 | 19. Sep 18 | 4,160,437 | A$0.23 | A$928,110 | ||
| 17. Sep 18 | Buy | Brian Elton | Individual | 10. Sep 18 | 10. Sep 18 | 100,000 | A$0.22 | A$22,000 | ||
| 10. Sep 18 | Buy | Brian Elton | Individual | 04. Sep 18 | 07. Sep 18 | 801,413 | A$0.23 | A$185,424 | ||
| 06. Sep 18 | Buy | Colonial First State Asset Management (Australia) Limited | Company | 04. Sep 18 | 05. Sep 18 | 5,709,631 | A$0.23 | A$1,327,734 | ||
| 04. Sep 18 | Buy | Colonial First State Asset Management (Australia) Limited | Company | 30. Aug 18 | 03. Sep 18 | 3,049,459 | A$0.22 | A$676,136 | ||
| 27. Aug 18 | Buy | Perennial Value Management Limited | Company | 16. Aug 18 | 23. Aug 18 | 5,824,650 | A$0.23 | A$1,242,559 | ||
| 30. Jul 18 | Buy | Perennial Value Management Limited | Company | 18. Jul 18 | 26. Jul 18 | 3,489,408 | A$0.24 | A$840,358 | ||
| 20. Jul 18 | Buy | Perennial Value Management Limited | Company | 11. Jul 18 | 17. Jul 18 | 4,236,792 | A$0.24 | A$1,019,119 | ||
| 12. Jul 18 | Sell | Perennial Value Management Limited | Company | 13. Mar 18 | 22. Jun 18 | -473,652 | A$0.24 | A$-101,155 | ||
| 12. Jul 18 | Buy | Perennial Value Management Limited | Company | 09. May 18 | 10. Jul 18 | 24,298,629 | A$0.24 | A$5,730,040 | ||
| 12. Jul 18 | Sell | Perpetual Limited | Company | 10. Jul 18 | 10. Jul 18 | -12,000,000 | A$0.24 | A$-2,874,091 | ||
Management checks
We assess Veris's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Veris has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
VRS News
Simply Wall St News
Have Insiders Been Buying Veris Limited (ASX:VRS) Shares This Year?
Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. … In the last twelve months Veris insiders were buying shares, but not selling … These transactions suggest that insiders have considered the current price attractive
Simply Wall St - – Full articleDid Changing Sentiment Drive Veris's (ASX:VRS) Share Price Down A Worrying 68%?
The share price has slid 68% in that time. … Given that Veris didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth.
Simply Wall St - – Full articleWhat Kind Of Shareholders Own Veris Limited (ASX:VRS)?
Every investor in Veris Limited (ASX:VRS) should be aware of the most powerful shareholder groups. … Conversely, insiders often decrease their ownership over time. … Taking a look at our data on the ownership groups (below), it's seems that.
Simply Wall St - – Full articleHow Does Veris Limited (ASX:VRS) Affect Your Portfolio Volatility?
Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.
Simply Wall St - – Full articleWhat You Must Know About Veris Limited's (ASX:VRS) Financial Strength
Veris Limited (ASX:VRS) is a small-cap stock with a market capitalization of AU$38m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.
Simply Wall St - – Full articleHave Insiders Been Buying Veris Limited (ASX:VRS) Shares?
So shareholders might well want to know whether insiders have been buying or selling shares in Veris Limited (ASX:VRS). … Veris Insider Transactions Over The Last Year. … In any event it's generally a positive if insiders are buying shares at around the current price.
Simply Wall St - – Full articleDo Insiders Own Lots Of Shares In Veris Limited (ASX:VRS)?
If you want to know who really controls Veris Limited (ASX:VRS), then you'll have to look at the makeup of its share registry. … Generally speaking, as a company grows, institutions will increase their ownership. … Veris is not a large company by global standards.
Simply Wall St - – Full articleShould You Be Holding Veris Limited (ASX:VRS)?
As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … financial health as well as
Simply Wall St - – Full articleVeris Limited (ASX:VRS): What Are Investors Earning On Their Capital?
and want to begin learning the link between Veris Limited (ASX:VRS)’s return fundamentals and stock market performance. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Thus, to understand how your money can grow by investing in Veris, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)
Simply Wall St - – Full articleShould You Be Concerned About Veris Limited's (ASX:VRS) Shareholders?
In this article, I'm going to take a look at Veris Limited’s (ASX:VRS) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders. … Therefore, it is beneficial for us to examine VRS's ownership structure in more detail.
Simply Wall St - – Full articleVRS Company Info
Description
Veris Limited provides surveying, professional and advisory, and geospatial services in Australia. The company operates through Surveying, and Professional & Advisory segments. The Surveying segment examines and records the features of a land or infrastructure to create maps, plans, and detailed descriptions, as well as to facilitate construction. The Professional and Advisory segment provides advices to business, governments, and not-for-profit organizations in making policy, strategy, city-making, and service delivery. It serves industries, such as infrastructure; property; energy, mining, and resource; and defense, agribusiness, tourism, leisure, and governmental sectors. The company was formerly known as OTOC Limited and changed its name to Veris Limited in November 2016. Veris Limited is based in Osborne Park, Australia.
Details
| Name: | Veris Limited |
| VRS | |
| Exchange: | ASX |
| Founded: | |
| A$21,688,277 | |
| 367,597,922 | |
| Website: | http://www.veris.com.au |
| Address: |
Veris Limited 3 Hasler Road, Level 12, Osborne Park, Western Australia, 6017, Australia |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| ASX | VRS | Ordinary Shares | Australian Securities Exchange | AU | AUD | 15. Oct 2011 |
Number of employees
Current staff
Industry
| Research and Consulting Services | |
| Commercial Services |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/23 10:35 |
| End of day share price update: | 2019/04/23 00:00 |
| Last estimates confirmation: | 2019/03/01 |
| Last earnings filing: | 2019/02/27 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/06/30 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
