Veris Future Growth

Future criteria checks 3/6

Veris is forecast to grow earnings and revenue by 93.8% and 4.3% per annum respectively. EPS is expected to grow by 59.6% per annum. Return on equity is forecast to be 11% in 3 years.

Key information

93.8%

Earnings growth rate

59.6%

EPS growth rate

Professional Services earnings growth	15.5%
Revenue growth rate	4.3%
Future return on equity	11.0%
Analyst coverage	Low
Last updated	28 Feb 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

ASX:VRS - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2026	108	N/A	10	14	1
6/30/2025	106	3	9	13	1
6/30/2024	101	2	9	13	1
12/31/2023	97	1	3	6	N/A
9/30/2023	99	1	3	7	N/A
6/30/2023	101	1	4	8	N/A
12/31/2022	102	3	5	9	N/A
9/30/2022	97	2	2	6	N/A
6/30/2022	92	1	-1	4	N/A
3/31/2022	87	-2	N/A	N/A	N/A
12/31/2021	81	-4	-1	2	N/A
9/30/2021	79	-3	2	4	N/A
6/30/2021	77	-2	4	7	N/A
12/31/2020	83	-10	6	12	N/A
9/30/2020	88	-16	4	9	N/A
6/30/2020	94	-23	1	6	N/A
12/31/2019	104	-17	-1	0	N/A
9/30/2019	106	-29	2	3	N/A
6/30/2019	108	-41	4	6	N/A
3/31/2019	111	-38	N/A	N/A	N/A
12/31/2018	114	-36	5	8	N/A
9/30/2018	111	-19	1	4	N/A
6/30/2018	107	-1	-2	0	N/A
3/31/2018	98	-1	1	2	N/A
12/31/2017	88	0	3	5	N/A
9/30/2017	81	-1	N/A	5	N/A
6/30/2017	74	-1	N/A	6	N/A
3/31/2017	82	1	N/A	9	N/A
12/31/2016	90	3	N/A	11	N/A
9/30/2016	105	11	N/A	14	N/A
6/30/2016	121	20	N/A	16	N/A
3/31/2016	110	13	N/A	12	N/A
12/31/2015	99	7	N/A	7	N/A
9/30/2015	84	-1	N/A	10	N/A
6/30/2015	69	-9	N/A	12	N/A
3/31/2015	70	-4	N/A	12	N/A
12/31/2014	72	1	N/A	12	N/A
9/30/2014	93	3	N/A	9	N/A
6/30/2014	113	5	N/A	6	N/A
3/31/2014	125	6	N/A	6	N/A
12/31/2013	137	7	N/A	6	N/A
9/30/2013	125	6	N/A	7	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: VRS's forecast earnings growth (93.8% per year) is above the savings rate (2.4%).

Earnings vs Market: VRS's earnings (93.8% per year) are forecast to grow faster than the Australian market (13.5% per year).

High Growth Earnings: VRS's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: VRS's revenue (4.3% per year) is forecast to grow slower than the Australian market (5.2% per year).

High Growth Revenue: VRS's revenue (4.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: VRS's Return on Equity is forecast to be low in 3 years time (11%).

Veris Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Veris Limited Provides Earnings Guidance for the Full Year 2022

Recent updates

Veris Limited Appoints Jason Waller CSC as Non-Independent Non-Executive Director

Now 23% undervalued after recent price drop

Many Still Looking Away From Veris Limited (ASX:VRS)

Now 23% undervalued after recent price drop

A Look At The Intrinsic Value Of Veris Limited (ASX:VRS)

Veris (ASX:VRS) Might Have The Makings Of A Multi-Bagger

Now 22% overvalued

We Think Veris (ASX:VRS) Can Stay On Top Of Its Debt

Now 25% overvalued

New minor risk - Dividend sustainability

Investors Aren't Entirely Convinced By Veris Limited's (ASX:VRS) Revenues

First half 2024 earnings released: EPS: AU$0.001 (vs AU$0.001 in 1H 2023)

Veris Limited to Report First Half, 2024 Final Results on Feb 26, 2024

The Return Trends At Veris (ASX:VRS) Look Promising

Full year 2023 earnings released: EPS: AU$0.002 (vs AU$0.001 in FY 2022)

Veris Limited, Annual General Meeting, Oct 18, 2023

New minor risk - Financial data availability

Veris Limited Has Declares Dividend for Twelve Months Ended June 6, 2023, Payable on November 7, 2023

Veris Limited to Report Fiscal Year 2023 Results on Aug 28, 2023

Veris' (ASX:VRS) Solid Profits Have Weak Fundamentals

First half 2023 earnings released: EPS: AU$0.001 (vs AU$0.003 loss in 1H 2022)

Less than half of directors are independent

Veris Limited, Annual General Meeting, Oct 19, 2022

Full year 2022 earnings released

Veris Limited to Report Fiscal Year 2022 Results on Aug 29, 2022

Veris Limited Provides Earnings Guidance for the Full Year 2022

Is Veris (ASX:VRS) Using Too Much Debt?

Veris Limited Announces Board Changes, Effective 1 June 2022

Less than half of directors are independent

Independent Non-Executive Chairman recently bought AU$130k worth of stock

Less than half of directors are independent

Veris Limited Announces Appointment of Tracey Gosling as Non Executive Director

Insider recently bought AU$320k worth of stock

Veris Limited to Report First Half, 2022 Results on Feb 28, 2022

Insider recently bought AU$387k worth of stock

Independent Non-Executive Director recently bought AU$139k worth of stock

Full year 2021 earnings released: AU$0.003 loss per share (vs AU$0.061 loss in FY 2020)

Insider recently bought AU$60k worth of stock

Veris Limited (ASX:VRS) completed the acquisition of 49% stake in Wumara Group PTY LTD.

Independent Non-Executive Director has left the company

Veris Limited has completed a Follow-on Equity Offering in the amount of AUD 7.4955 million.

Veris (ASX:VRS) Has Debt But No Earnings; Should You Worry?

Should You Take Comfort From Insider Transactions At Veris Limited (ASX:VRS)?

Veris Limited has completed a Follow-on Equity Offering in the amount of AUD 7.4955 million.

Is Veris (ASX:VRS) Using Debt In A Risky Way?

Aqura Technologies Signs Multi Year Agreement with Bunnings

Veris Limited Announces the Change of Company Secretary

Insider recently sold AU$216k worth of stock

Full year earnings released - AU$0.061 loss per share

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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