VIP Gloves Limited, together with its subsidiaries, manufactures and sells nitrile gloves in Malaysia and Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.039|
|52 Week High||AU$0.036|
|52 Week Low||AU$0.092|
|1 Month Change||-4.88%|
|3 Month Change||-13.33%|
|1 Year Change||-48.00%|
|3 Year Change||n/a|
|5 Year Change||-61.00%|
|Change since IPO||-32.76%|
Recent News & Updates
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...
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...
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...
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...
|VIP||AU Medical Equipment||AU Market|
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.
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
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
|VIP fundamental statistics|
Is VIP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|VIP income statement (TTM)|
|Cost of Revenue||AU$28.96m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.006|
|Net Profit Margin||9.80%|
How did VIP perform over the long term?See historical performance and comparison
5.9%Current Dividend Yield
Is VIP Gloves undervalued compared to its fair value and its price relative to the market?
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).
How is VIP Gloves forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has VIP Gloves performed over the past 5 years?
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.
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$2.0M).
Debt to Equity History and Analysis
Debt Level: VIP's debt to equity ratio (8.6%) is considered satisfactory.
Reducing Debt: VIP's debt to equity ratio has reduced from 78.1% to 8.6% over the past 5 years.
Debt Coverage: VIP's debt is well covered by operating cash flow (380.1%).
Interest Coverage: VIP's interest payments on its debt are well covered by EBIT (55.5x coverage).
What is VIP Gloves's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: VIP's dividend (5.9%) is higher than the bottom 25% of dividend payers in the Australian market (2.23%).
High Dividend: VIP's dividend (5.9%) is in the top 25% of dividend payers in the Australian market (5.3%)
Stability and Growth of Payments
Stable Dividend: Too early to tell whether VIP's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if VIP's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (36.9%), VIP's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jimmy Yang (46 yo)
Mr. Chin Kar Yang, also known as Jimmy, has been Executive Director at VIP Gloves Limited since June 2020 and serves as its Group Managing Director since May 2021. Mr. Yang was the Non-Executive Director o...
CEO Compensation Analysis
Compensation vs Market: Jimmy's total compensation ($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.
Experienced Management: VIP's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.
Experienced Board: VIP's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.4%.
VIP Gloves Limited's employee growth, exchange listings and data sources
- 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
- VIP Gloves Limited
- 360 Collins Street
- Level 26
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/25 16:56|
|End of Day Share Price||2021/10/25 00:00|
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.