ASX:VRS

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

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


Snowflake Analysis

Mediocre balance sheet and slightly overvalued.

Share Price & News

How has Veris's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VRS is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: VRS's weekly volatility has decreased from 16% to 11% over the past year.


Market Performance


7 Day Return

-5.1%

VRS

4.2%

AU Professional Services

2.6%

AU Market


1 Year Return

15.4%

VRS

-2.6%

AU Professional Services

-0.4%

AU Market

Return vs Industry: VRS exceeded the Australian Professional Services industry which returned -2.6% over the past year.

Return vs Market: VRS exceeded the Australian Market which returned -0.4% over the past year.


Shareholder returns

VRSIndustryMarket
7 Day-5.1%4.2%2.6%
30 Day-9.6%4.7%3.4%
90 Day56.3%10.4%14.6%
1 Year15.4%15.4%-0.01%-2.6%3.0%-0.4%
3 Year-57.4%-58.3%21.2%9.0%26.6%11.0%
5 Year-56.7%-59.5%62.6%35.7%67.5%33.9%

Long-Term Price Volatility Vs. Market

How volatile is Veris's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

36.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: VRS (A$0.08) is trading below our estimate of fair value (A$0.12)

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 AU 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 (24.2x) compared to the AU Professional Services industry average (3.3x).


Next Steps

Future Growth

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

19.2%

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.


Next Steps

Past Performance

How has Veris performed over the past 5 years?

-65.2%

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 65.2% 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 (-5.6%).


Return on Equity

High ROE: VRS has a negative Return on Equity (-1847.93%), as it is currently unprofitable.


Next Steps

Financial Health

How is Veris's financial position?


Financial Position Analysis

Short Term Liabilities: VRS's short term assets (A$25.1M) do not cover its short term liabilities (A$35.8M).

Long Term Liabilities: VRS's short term assets (A$25.1M) exceed its long term liabilities (A$18.1M).


Debt to Equity History and Analysis

Debt Level: VRS's debt to equity ratio (553.2%) is considered high.

Reducing Debt: VRS's debt to equity ratio has increased from 23% to 553.2% 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 26.1% per year.


Next Steps

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?

1.5yrs

Average management tenure


CEO

Michael Shirley

1.25yrs

Tenure

AU$342,586

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 ($USD263.67K) is about average for companies of similar size in the Australian market ($USD293.85K).

Compensation vs Earnings: Insufficient data to compare Michael's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Michael Shirley
Chief Executive Officer of Veris Australia1.25yrsAU$342.59k0.62%
A$ 187.5k
Adam Lamond
Founder & Non-Executive Director9.25yrsAU$440.02k11.98%
A$ 3.6m
Steven Harding
CFO & Interim Company Secretary0.75yrAU$184.35k0.18%
A$ 56.3k
Travis Young
Chief Executive Officer of Aqura Technologies2yrsAU$242.17k3.36%
A$ 1.0m
Ron Pettit
Executive Manager of People & Culture1.58yrsno datano data
Joshua Bovell
Chief Digital Officer1.5yrsno datano data

1.5yrs

Average Tenure

Experienced Management: VRS's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Adam Lamond
Founder & Non-Executive Director9.25yrsAU$440.02k11.98%
A$ 3.6m
Karl Paganin
Independent Non-Executive Chairman1.17yrsAU$101.13k3.25%
A$ 989.2k
Thomas Lawrence
Independent Non-Executive Director9.25yrsAU$67.67k3.24%
A$ 985.2k
Brian Elton
Non-Executive Director2.83yrsAU$326.07k8.28%
A$ 2.5m

6.0yrs

Average Tenure

Experienced Board: VRS's board of directors are considered experienced (6 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 9.5%.


Top Shareholders

Company Information

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


Key Information

  • Name: Veris Limited
  • Ticker: VRS
  • Exchange: ASX
  • Founded: NaN
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Market Cap: AU$30.411m
  • Shares outstanding: 405.48m
  • Website: https://www.veris.com.au

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VRSASX (Australian Securities Exchange)YesOrdinary SharesAUAUDOct 2011
VRSCHIA (Chi-X Australia)YesOrdinary SharesAUAUDOct 2011

Biography

Veris Limited provides surveying, professional and advisory, and geospatial services in Australia. The company’s Veris Australia segment provides cadastral, civil and construction, and engineering surveyin...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/26 07:07
End of Day Share Price2021/01/25 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.