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VIP

VIP GlovesASX:VIP Stock Report

Market Cap

AU$30.6m

7D

0%

1Y

-48.0%

Updated

25 Oct, 2021

Data

Company Financials
VIP fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends3/6

VIP Overview

VIP Gloves Limited, together with its subsidiaries, manufactures and sells nitrile gloves in Malaysia and Australia.

Price History & Performance

Summary of all time highs, changes and price drops for VIP Gloves
Historical stock prices
Current Share PriceAU$0.039
52 Week HighAU$0.036
52 Week LowAU$0.092
Beta0.61
1 Month Change-4.88%
3 Month Change-13.33%
1 Year Change-48.00%
3 Year Changen/a
5 Year Change-61.00%
Change since IPO-32.76%

Recent News & Updates

May 21
Returns On Capital Are A Standout For VIP Gloves (ASX:VIP)

Returns On Capital Are A Standout For VIP Gloves (ASX:VIP)

There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...

Feb 22
We Think That There Are Issues Underlying VIP Gloves' (ASX:VIP) Earnings

We Think That There Are Issues Underlying VIP Gloves' (ASX:VIP) Earnings

VIP Gloves Limited ( ASX:VIP ) announced strong profits, but the stock was stagnant. We did some digging, and we found...

Feb 11
Calculating The Intrinsic Value Of VIP Gloves Limited (ASX:VIP)

Calculating The Intrinsic Value Of VIP Gloves Limited (ASX:VIP)

In this article we are going to estimate the intrinsic value of VIP Gloves Limited ( ASX:VIP ) by estimating the...

Dec 01
Is VIP Gloves (ASX:VIP) Using Too Much Debt?

Is VIP Gloves (ASX:VIP) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

Shareholder Returns

VIPAU Medical EquipmentAU Market
7D0%1.2%0.6%
1Y-48.0%-7.6%21.3%

Return vs Industry: VIP underperformed the Australian Medical Equipment industry which returned -7.6% over the past year.

Return vs Market: VIP underperformed the Australian Market which returned 21.3% over the past year.

Price Volatility

Is VIP's price volatile compared to industry and market?
VIP volatility
VIP Beta0.61
Industry Beta0.57
Market Beta1

Stable Share Price: VIP is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: VIP's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1992n/aJimmy Yanghttps://www.vipglove.com.my

VIP Gloves Limited, together with its subsidiaries, manufactures and sells nitrile gloves in Malaysia and Australia. Its nitrile disposable gloves are used in medical and healthcare, food and beverages, electronics, and manufacturing industries. The company was formerly known as Voltage IP Limited and changed its name to VIP Gloves Limited in November 2018.

VIP Gloves Fundamentals Summary


Earnings & Revenue

Key profitability statistics from the latest earnings report
VIP income statement (TTM)
RevenueAU$48.12m
Cost of RevenueAU$28.96m
Gross ProfitAU$19.17m
ExpensesAU$14.45m
EarningsAU$4.72m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.006
Gross Margin39.82%
Net Profit Margin9.80%
Debt/Equity Ratio8.6%

How did VIP perform over the long term?

See historical performance and comparison

Dividends

5.9%

Current Dividend Yield

37%

Payout Ratio

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: VIP (A$0.04) is trading below our estimate of fair value (A$0.63)

Significantly Below Fair Value: VIP is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: VIP is good value based on its PE Ratio (6.5x) compared to the Australian Medical Equipment industry average (13.6x).

PE vs Market: VIP is good value based on its PE Ratio (6.5x) compared to the Australian market (19.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate VIP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: VIP is good value based on its PB Ratio (1.6x) compared to the AU Medical Equipment industry average (4.5x).


Future Growth

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

14.2%

Forecasted Healthcare 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 VIP Gloves 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.


Past Performance

How has VIP Gloves performed over the past 5 years?

34.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VIP has high quality earnings.

Growing Profit Margin: VIP's current net profit margins (9.8%) are higher than last year (0.8%).


Past Earnings Growth Analysis

Earnings Trend: VIP has become profitable over the past 5 years, growing earnings by 34.1% per year.

Accelerating Growth: VIP's earnings growth over the past year (3964.8%) exceeds its 5-year average (34.1% per year).

Earnings vs Industry: VIP earnings growth over the past year (3964.8%) exceeded the Medical Equipment industry 74.9%.


Return on Equity

High ROE: VIP's Return on Equity (23.9%) is considered high.


Financial Health

How is VIP Gloves's financial position?


Financial Position Analysis

Short Term Liabilities: VIP's short term assets (A$9.3M) exceed its short term liabilities (A$5.3M).

Long Term Liabilities: VIP's short term assets (A$9.3M) exceed its long term liabilities (A$2.0M).


Debt to Equity History and Analysis

Debt Level: VIP's debt to equity ratio (8.6%) is considered satisfactory.

Reducing Debt: VIP's debt to equity ratio has reduced from 78.1% to 8.6% over the past 5 years.

Debt Coverage: VIP's debt is well covered by operating cash flow (380.1%).

Interest Coverage: VIP's interest payments on its debt are well covered by EBIT (55.5x coverage).


Balance Sheet


Dividend

What is VIP Gloves's current dividend yield, its reliability and sustainability?

5.90%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: VIP's dividend (5.9%) is higher than the bottom 25% of dividend payers in the Australian market (2.23%).

High Dividend: VIP's dividend (5.9%) is in the top 25% of dividend payers in the Australian market (5.3%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether VIP's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if VIP's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (36.9%), VIP's dividend payments are well covered by earnings.


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

How experienced are the management team and are they aligned to shareholders interests?

0.4yrs

Average management tenure


CEO

Jimmy Yang (46 yo)

0.42

Tenure

AU$2,475,272

Compensation

Mr. Chin Kar Yang, also known as Jimmy, has been Executive Director at VIP Gloves Limited since June 2020 and serves as its Group Managing Director since May 2021. Mr. Yang was the Non-Executive Director o...


CEO Compensation Analysis

Compensation vs Market: Jimmy's total compensation ($USD1.86M) is above average for companies of similar size in the Australian market ($USD302.38K).

Compensation vs Earnings: Jimmy's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: VIP's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: VIP's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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 5.4%.


Top Shareholders

Company Information

VIP Gloves Limited's employee growth, exchange listings and data sources


Key Information

  • Name: VIP Gloves Limited
  • Ticker: VIP
  • Exchange: ASX
  • Founded: 1992
  • Industry: Health Care Supplies
  • Sector: Healthcare
  • Market Cap: AU$30.649m
  • Shares outstanding: 785.88m
  • Website: https://www.vipglove.com.my

Location

  • VIP Gloves Limited
  • 360 Collins Street
  • Level 26
  • Melbourne
  • Victoria
  • 3000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:56
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.