Market Cap
AU$30.4m
Last Updated
2021/01/26 07:07 UTC
Data Sources
Company Financials
Executive Summary
Veris Limited provides surveying, professional and advisory, and geospatial services in Australia. More Details
Rewards
Risk Analysis
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
| VRS | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.1% | 4.2% | 2.6% |
| 30 Day | -9.6% | 4.7% | 3.4% |
| 90 Day | 56.3% | 10.4% | 14.6% |
| 1 Year | 15.4%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
1 month ago | Simply Wall St
Is Veris (ASX:VRS) Using Debt In A Risky Way?3 months ago | Simply Wall St
Have Insiders Sold Veris Limited (ASX:VRS) Shares Recently?4 months ago | Simply Wall St
Does Veris (ASX:VRS) Have A Healthy Balance Sheet?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
- Take a look at our analysis of VRS’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- 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?
-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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer of Veris Australia | 1.25yrs | AU$342.59k | 0.62% A$ 187.5k | |
| Founder & Non-Executive Director | 9.25yrs | AU$440.02k | 11.98% A$ 3.6m | |
| CFO & Interim Company Secretary | 0.75yr | AU$184.35k | 0.18% A$ 56.3k | |
| Chief Executive Officer of Aqura Technologies | 2yrs | AU$242.17k | 3.36% A$ 1.0m | |
| Executive Manager of People & Culture | 1.58yrs | no data | no data | |
| Chief Digital Officer | 1.5yrs | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Non-Executive Director | 9.25yrs | AU$440.02k | 11.98% A$ 3.6m | |
| Independent Non-Executive Chairman | 1.17yrs | AU$101.13k | 3.25% A$ 989.2k | |
| Independent Non-Executive Director | 9.25yrs | AU$67.67k | 3.24% A$ 985.2k | |
| Non-Executive Director | 2.83yrs | AU$326.07k | 8.28% A$ 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
| 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’s Veris Australia segment provides cadastral, civil and construction, and engineering surveyin...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/26 07:07 |
| End of Day Share Price | 2021/01/25 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
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.