Market Cap
AU$24.8m
Last Updated
2019/11/20 10:35 UTC
Data Sources
Company Financials
Executive Summary
Veris Limited provides surveying, professional and advisory, and geospatial services in Australia.
Snowflake
Adequate balance sheet and fair value.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
9.8%
VRS
0.7%
AU Professional Services
0.7%
AU Market
1 Year Return
-23.9%
VRS
21.7%
AU Professional Services
17.7%
AU Market
Return vs Industry: VRS underperformed the Australian Professional Services industry which returned 21.7% over the past year.
Return vs Market: VRS underperformed the Australian Market which returned 17.7% over the past year.
Shareholder returns
| VRS | Industry | Market | |
|---|---|---|---|
| 7 Day | 9.8% | 0.7% | 0.7% |
| 30 Day | 28.8% | 3.6% | 2.0% |
| 90 Day | 8.1% | 6.6% | 4.9% |
| 1 Year | -23.9%-23.9% | 25.3%21.7% | 24.5%17.7% |
| 3 Year | -73.1%-74.4% | 48.2%36.6% | 40.5%21.3% |
| 5 Year | -64.2%-66.5% | 64.2%41.0% | 57.1%22.1% |
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
3 weeks ago | Simply Wall St
If You Had Bought Veris (ASX:VRS) Stock Three Years Ago, You'd Be Sitting On A 77% Loss, Today2 months ago | Simply Wall St
When Will Veris Limited (ASX:VRS) Breakeven?3 months ago | Simply Wall St
Trade Alert: Veris Limited (ASX:VRS) Insider, Chapman Graeme, Has Bought Some Shares RecentlyValuation
Is Veris undervalued compared to its fair value and its price relative to the market?
45.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VRS (A$0.07) 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 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 good value based on its PB Ratio (0.9x) compared to the AU Professional Services industry average (2.1x).
Next Steps
Future Growth
How is Veris forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
15.7%
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
- Examine whether Veris is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Veris competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Commercial Services industry.
Past Performance
How has Veris performed over the past 5 years?
-66.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VRS has large one-off items impacting its financial results.
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 -66.1% 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 (26.7%).
Return on Equity
High ROE: VRS has a negative Return on Equity (-147.96%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Veris's financial position?
Financial Position Analysis
Short Term Liabilities: VRS's short term assets (A$40.9M) exceeds its short term liabilities (A$35.4M)
Long Term Liabilities: VRS's short term assets (A$40.9M) exceeds its long term liabilities (20.0M)
Debt to Equity History and Analysis
Debt Level: VRS's debt to equity ratio (42.1%) is considered high.
Reducing Debt: VRS's debt to equity ratio has increased from 0.4% to 42.1% over the past 5 years.
Balance Sheet
Inventory Level: VRS has a low level of unsold assets or inventory.
Debt Coverage by Assets: VRS's debt is covered by short term assets (assets are 3.6x debt).
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 -59.7% per year.
Next Steps
Dividend
What is Veris's current dividend yield, its reliability and sustainability?
7.46%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: VRS's dividend (7.46%) is higher than the bottom 25% of dividend payers in the Australian market (2.34%).
High Dividend: VRS's dividend (7.46%) is in the top 25% of dividend payers in the Australian market (5.63%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, VRS has been paying a dividend for less than 10 years.
Growing Dividend: VRS has only been paying a dividend for 3 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: VRS is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of Veris's salary, the management and board of directors tenure and is there insider trading?
0.4yrs
Average management tenure
CEO
Michael Shirley 0
0.08yrs
Tenure
Dr. Michael Shirley, BSc (Hons), Phd serves as Chief Executive Officer of Veris Limited since October 2019. Dr. Shirley has been Managing Director of Clients at Aurecon Australasia Pty Ltd. since February  ...
Management Age and Tenure
0.4yrs
Average Tenure
Experienced Management: VRS's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.
Board Age and Tenure
8.1yrs
Average Tenure
Experienced Board: VRS's board of directors are considered experienced (8.1 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 2,353,965 |
| Max Price | AU$0.06 |
| Entity | Company |
| Shares | 55,820 |
| Max Price | AU$0.057 |
| Entity | Individual |
| Shares | 2,294,249 |
| Max Price | AU$0.06 |
| Entity | Company |
| Shares | 363,525 |
| Max Price | AU$0.17 |
| Entity | Company |
| Shares | 3,418,832 |
| Max Price | AU$0.083 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Non-Executive Director |
| Shares | 75,940 |
| Max Price | AU$0.056 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Non-Executive Director |
| Shares | 1,251,681 |
| Max Price | AU$0.056 |
| Entity | Individual |
| Shares | 1,000,000 |
| Max Price | AU$0.057 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Non-Executive Director |
| Shares | 188,495 |
| Max Price | AU$0.11 |
| Entity | Individual |
| Shares | 30,000 |
| Max Price | AU$0.096 |
| Entity | Individual |
| Shares | 1,250,000 |
| Max Price | AU$0.10 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Non-Executive Director |
| Shares | 4,000,000 |
| Max Price | AU$0.09 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.6%.
Management Team
Lisa Wynne
CFO, Company Secretary & Head of Commercial
- Tenure: 0.4yrs
- Compensation: AU$176.92k
Adam Lamond
Founder
- Tenure: 8.1yrs
- Compensation: AU$435.82k
Michael Shirley
Chief Executive Officer
- Tenure: 0.08yrs
Travis Young
Chief Executive Officer of Aqura Technologies
- Tenure: 0.8yrs
Kim Anson
Chief Executive of Elton Consulting
- Tenure: 0.4yrs
Ron Pettit
Head of People & Culture
- Tenure: 0.4yrs
Joshua Bovell
Chief Digital Officer
- Tenure: 0.3yrs
Board Members
Karl Paganin
Independent Non-Executive Director
- Tenure: 4.1yrs
- Compensation: AU$77.31k
Derek La Ferla (60yo)
Independent Non-Executive Chairman
- Tenure: 8.1yrs
- Compensation: AU$125.74k
Adam Lamond
Founder
- Tenure: 8.1yrs
- Compensation: AU$435.82k
Tom Lawrence
Independent Non-Executive Director
- Tenure: 8.1yrs
- Compensation: AU$77.31k
Company Information
Veris Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Veris Limited
- Ticker: VRS
- Exchange: ASX
- Founded:
- Industry: Research and Consulting Services
- Sector: Commercial Services
- Market Cap: AU$24.814m
- Shares outstanding: 370.37m
- Website: https://www.veris.com.au
Number of Employees
Location
- Veris Limited
- 3 Hasler Road
- Level 12
- Osborne Park
- Western Australia
- 6017
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| VRS | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Oct 2011 |
| VRS | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Oct 2011 |
Biography
Veris Limited provides surveying, professional and advisory, and geospatial services in Australia. The company operates through three segments: Veris Australia, Aqura Technologies, and Elton Consulting. Th ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/20 10:35 |
| End of Day Share Price | 2019/11/19 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/06/30 |
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.