Loading...

Veris

ASX:VRS
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VRS
ASX
A$20M
Market Cap
  1. Home
  2. AU
  3. Commercial Services
Company description

Veris Limited provides surveying, professional and advisory, and geospatial services in Australia. The last earnings update was 112 days ago. More info.


Add to Portfolio Compare Print
  • Veris has significant price volatility in the past 3 months.
VRS Share Price and Events
7 Day Returns
-8.5%
ASX:VRS
1%
AU Professional Services
-0.1%
AU Market
1 Year Returns
-77%
ASX:VRS
7.1%
AU Professional Services
5.1%
AU Market
VRS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Veris (VRS) -8.5% -15.6% -18.2% -77% -70% -46%
AU Professional Services 1% -1.4% 8.4% 7.1% 24.1% 16.7%
AU Market -0.1% 2.5% 5.5% 5.1% 22.3% 12.3%
1 Year Return vs Industry and Market
  • VRS underperformed the Professional Services industry which returned 7.1% over the past year.
  • VRS underperformed the Market in Australia which returned 5.1% over the past year.
Price Volatility
VRS
Industry
5yr Volatility vs Market
Related Companies

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Veris.

ASX:VRS Discounted Cash Flow Data Sources
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 10.3%
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.

Calculation of Discount Rate/ Cost of Equity for ASX:VRS
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))
= 0.857 (1 + (1- 30%) (109.9%))
1.346
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.35
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.346 * 5.96%)
10.34%

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.

ASX:VRS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 10.34%)
2019 6.10 Analyst x1 5.53
2020 7.90 Analyst x1 6.49
2021 9.00 Analyst x1 6.70
2022 9.88 Est @ 9.81% 6.67
2023 10.63 Est @ 7.56% 6.50
2024 11.27 Est @ 5.99% 6.24
2025 11.82 Est @ 4.88% 5.94
2026 12.30 Est @ 4.11% 5.60
2027 12.74 Est @ 3.57% 5.26
2028 13.15 Est @ 3.19% 4.92
Present value of next 10 years cash flows A$59.85
ASX:VRS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$13.15 × (1 + 2.31%) ÷ (10.34% – 2.31%)
A$167.69
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$167.69 ÷ (1 + 10.34%)10
A$62.71
ASX:VRS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$59.85 + A$62.71
A$122.56
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$122.56 / 375.51
A$0.33
ASX:VRS Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.33
Current discount Discount to share price of A$0.05
= -1 x (A$0.05 - A$0.33) / A$0.33
83.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Veris is available for.
Intrinsic value
>50%
Share price is A$0.054 vs Future cash flow value of A$0.32637
Current Discount Checks
For Veris to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
ASX:VRS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$-0.10
ASX:VRS Share Price ** ASX (2019-06-18) in AUD A$0.05
Australia Professional Services Industry PE Ratio Median Figure of 10 Publicly-Listed Professional Services Companies 18.36x
Australia Market PE Ratio Median Figure of 545 Publicly-Listed Companies 16.14x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Veris.

ASX:VRS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:VRS Share Price ÷ EPS (both in AUD)

= 0.05 ÷ -0.10

-0.52x

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?
Raw Data
ASX:VRS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.52x
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 7 Publicly-Listed Professional Services Companies 1.26x
Australia Market PEG Ratio Median Figure of 359 Publicly-Listed Companies 1.4x

*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?
Raw Data
ASX:VRS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.09
ASX:VRS Share Price * ASX (2019-06-18) in AUD A$0.05
Australia Professional Services Industry PB Ratio Median Figure of 23 Publicly-Listed Professional Services Companies 2.47x
Australia Market PB Ratio Median Figure of 1,688 Publicly-Listed Companies 1.64x
ASX:VRS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:VRS Share Price ÷ Book Value per Share (both in AUD)

= 0.05 ÷ 0.09

0.62x

* 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.
X
Value checks
We assess Veris's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. 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!
Annual Growth Rate
92.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Veris expected to grow at an attractive rate?
  • 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
Raw Data
ASX:VRS Future Growth Rates Data Sources
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 30%
Australia Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 11.4%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.9%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*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
Raw Data
ASX:VRS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:VRS Future Estimates Data
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
ASX:VRS Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Veris's earnings are expected to grow significantly at over 20% yearly.
  • Veris's revenue is expected to grow by 10.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:VRS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 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 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:VRS Future Estimates Data
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
ASX:VRS Past Financials Data
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.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Veris is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Veris's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Veris's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
Veris's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Veris Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:VRS Past Revenue, Cash Flow and Net Income Data
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.
X
Past performance checks
We assess Veris's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Veris's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from Veris Company Filings, last reported 5 months ago.

ASX:VRS Past Debt and Equity Data
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.
X
Financial health checks
We assess Veris's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Veris has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
9.26%
Current annual income from Veris dividends. Estimated to be 1.85% next year.
If you bought A$2,000 of Veris shares you are expected to receive A$185 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Veris's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.61%).
  • Veris's dividend is above the markets top 25% of dividend payers in Australia (5.8%).
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.
Raw Data
ASX:VRS Annualized Past and Future Dividends
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 2.9%
Australia Market Average Dividend Yield Market Cap Weighted Average of 415 Stocks 4.2%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
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.

ASX:VRS Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.00 1.00
2020-06-30 0.00 1.00
2019-06-30 0.00 1.00
ASX:VRS Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2018-08-30 0.005 5.581
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.
Current Payout to shareholders
What portion of Veris's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (7x coverage).
X
Income/ dividend checks
We assess Veris's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of Veris's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Adam Lamond
COMPENSATION A$468,939
TENURE AS CEO 2.3 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:

6.9
Average Tenure
  • 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

TITLE
Founder
COMPENSATION
A$469K
TENURE
2.3 yrs

Brian Mangano

TITLE
Chief Financial Officer
COMPENSATION
A$525K
TENURE
6.9 yrs

Brian Elton

TITLE
Executive Director
COMPENSATION
A$373K

Lisa Wynne

TITLE
Company Secretary
COMPENSATION
A$239K
TENURE
6.9 yrs
Board of Directors Tenure

Average tenure of the Veris board of directors in years:

7.7
Average Tenure
  • The tenure for the Veris board of directors is about average.
Board of Directors

Derek La Ferla

TITLE
Independent Non-Executive Chairman
COMPENSATION
A$131K
AGE
59
TENURE
7.7 yrs

Adam Lamond

TITLE
Founder
COMPENSATION
A$469K
TENURE
7.7 yrs

Brian Elton

TITLE
Executive Director
COMPENSATION
A$373K
TENURE
1.3 yrs

Tom Lawrence

TITLE
Independent Non-Executive Director
COMPENSATION
A$77K
TENURE
7.7 yrs

Karl Paganin

TITLE
Independent Non-Executive Director
COMPENSATION
A$77K
TENURE
3.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Veris insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
13. Jun 19 Buy Karl Paganin Individual 13. Jun 19 13. Jun 19 75,940 A$0.06 A$4,253
07. May 19 Buy Karl Paganin Individual 02. May 19 03. May 19 1,251,681 A$0.06 A$70,094
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
X
Management checks
We assess Veris's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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

One Thing To Remember About The Veris Limited (ASX:VRS) Share Price

If you're interested in Veris Limited (ASX:VRS), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Even when they are traded more actively, the share price is often more susceptible to company specific developments than overall market volatility.

Simply Wall St -

Have Insiders Been Buying Veris Limited (ASX:VRS) Shares This Year?

As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' Check out our latest analysis for Veris Veris Insider Transactions Over The Last Year Over the last year, we can see that the biggest insider purchase was by Independent Non-Executive Director Thomas Lawrence for AU$360k worth of shares, at about AU$0.09 per share. … ASX:VRS Recent Insider Trading, May 10th 2019 Veris is not the only stock that insiders are buying. … Veris Insiders Bought Stock Recently It's good to see that Veris insiders have made notable investments in the company's shares.

Simply Wall St -

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 -

Did 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 -

What 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 -

How 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 -

What 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 -

Have 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 -

Do 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 -

Should 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 -

VRS 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$20,277,787
375,514,589
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
Staff numbers
0
Veris employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 10:38
End of day share price update: 2019/06/18 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.