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VOL

Victory OfficesASX:VOL Stock Report

Market Cap

AU$31.6m

7D

8.1%

1Y

-2.4%

Updated

16 Oct, 2021

Data

Company Financials
VOL fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

VOL Overview

Victory Offices Limited provides workspace services for individuals and businesses in Australia.

Victory Offices Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Victory Offices
Historical stock prices
Current Share PriceAU$0.20
52 Week HighAU$0.14
52 Week LowAU$0.46
Beta1.47
1 Month Change25.00%
3 Month Change17.65%
1 Year Change-2.44%
3 Year Changen/a
5 Year Changen/a
Change since IPO-90.70%

Recent News & Updates

Oct 06
Victory Offices (ASX:VOL) Has Debt But No Earnings; Should You Worry?

Victory Offices (ASX:VOL) Has Debt But No Earnings; Should You Worry?

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

Mar 03
Health Check: How Prudently Does Victory Offices (ASX:VOL) Use Debt?

Health Check: How Prudently Does Victory Offices (ASX:VOL) Use Debt?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

VOLAU Real EstateAU Market
7D8.1%-0.1%0.9%
1Y-2.4%5.8%20.2%

Return vs Industry: VOL underperformed the Australian Real Estate industry which returned 5.8% over the past year.

Return vs Market: VOL underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is VOL's price volatile compared to industry and market?
VOL volatility
VOL Beta1.47
Industry Beta0.86
Market Beta1

Stable Share Price: VOL is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: VOL's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2013n/aDan Baxterhttps://www.victoryoffices.com.au

Victory Offices Limited provides workspace services for individuals and businesses in Australia. The company offers space to private serviced, virtual, and day offices; training and board rooms; and co-working, hot desks, and shared and meeting spaces, as well as victory lounge, auditorium, and event spaces. It also offers covid-19 risk solutions, such as virtual assistance and business continuity programs.

Victory Offices Fundamentals Summary

How do Victory Offices's earnings and revenue compare to its market cap?
VOL fundamental statistics
Market CapAU$31.57m
Earnings (TTM)-AU$36.57m
Revenue (TTM)AU$14.74m

2.1x

P/S Ratio

-0.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VOL income statement (TTM)
RevenueAU$14.74m
Cost of RevenueAU$0
Gross ProfitAU$14.74m
ExpensesAU$51.31m
Earnings-AU$36.57m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.23
Gross Margin100.00%
Net Profit Margin-248.16%
Debt/Equity Ratio9.8%

How did VOL perform over the long term?

See historical performance and comparison

Valuation

Is Victory Offices undervalued compared to its fair value and its price relative to the market?

0.93x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate VOL's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate VOL's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: VOL is unprofitable, so we can't compare its PE Ratio to the Australian Real Estate industry average.

PE vs Market: VOL 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 VOL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: VOL is good value based on its PB Ratio (0.9x) compared to the AU Real Estate industry average (1.1x).


Future Growth

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

22.6%

Forecasted Real Estate 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 Victory Offices 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 Victory Offices performed over the past 5 years?

-86.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VOL is currently unprofitable.

Growing Profit Margin: VOL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: VOL is unprofitable, and losses have increased over the past 5 years at a rate of 86.4% per year.

Accelerating Growth: Unable to compare VOL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: VOL is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (84%).


Return on Equity

High ROE: VOL has a negative Return on Equity (-108.2%), as it is currently unprofitable.


Financial Health

How is Victory Offices's financial position?


Financial Position Analysis

Short Term Liabilities: VOL's short term assets (A$19.6M) do not cover its short term liabilities (A$32.1M).

Long Term Liabilities: VOL's short term assets (A$19.6M) do not cover its long term liabilities (A$176.0M).


Debt to Equity History and Analysis

Debt Level: VOL's debt to equity ratio (9.8%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if VOL's debt to equity ratio has reduced 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: VOL has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: VOL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 63.4% each year


Dividend

What is Victory Offices's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate VOL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate VOL'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 VOL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if VOL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of VOL'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?

0.4yrs

Average management tenure


CEO

Dan Baxter

0.67

Tenure

AU$382,930

Compensation

Mr. Dan Baxter serves as a Managing Director, Chief Executive Officer and Executive Director at Victory Offices Limited. He is Founder of Victory Offices Limited. He has experience in senior management und...


CEO Compensation Analysis

Compensation vs Market: Dan's total compensation ($USD284.22K) is about average for companies of similar size in the Australian market ($USD302.45K).

Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.


Leadership Team

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


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 substantially diluted in the past year, with total shares outstanding growing by 93%.


Top Shareholders

Company Information

Victory Offices Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Victory Offices Limited
  • Ticker: VOL
  • Exchange: ASX
  • Founded: 2013
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: AU$31.570m
  • Shares outstanding: 157.85m
  • Website: https://www.victoryoffices.com.au

Number of Employees


Location

  • Victory Offices Limited
  • Victory Tower
  • Level 2
  • 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 Analysis2021/10/16 07:04
End of Day Share Price2021/10/15 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.