ASX:VOL

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Exceptional growth potential with imperfect balance sheet.


Similar Companies

Share Price & News

How has Victory Offices's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VOL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

5.3%

VOL

1.7%

AU Real Estate

-1.4%

AU Market


1 Year Return

-91.5%

VOL

-24.9%

AU Real Estate

-7.1%

AU Market

Return vs Industry: VOL underperformed the Australian Real Estate industry which returned -24.9% over the past year.

Return vs Market: VOL underperformed the Australian Market which returned -7.1% over the past year.


Shareholder returns

VOLIndustryMarket
7 Day5.3%1.7%-1.4%
30 Day-24.5%8.3%3.4%
90 Day-40.3%11.9%3.8%
1 Year-90.3%-91.5%-23.2%-24.9%-3.7%-7.1%
3 Yearn/a-9.8%-17.6%16.9%2.1%
5 Yearn/a24.0%3.6%46.0%15.6%

Price Volatility Vs. Market

How volatile is Victory Offices's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

0.22x

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 AU 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 (0.2x) compared to the AU Real Estate industry average (0.9x).


Next Steps

Future Growth

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

81.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VOL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.3%).

Earnings vs Market: VOL is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: VOL's is expected to become profitable in the next 3 years.

Revenue vs Market: VOL's revenue (29.9% per year) is forecast to grow faster than the Australian market (4.6% per year).

High Growth Revenue: VOL's revenue (29.9% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VOL's Return on Equity is forecast to be high in 3 years time (25.6%)


Next Steps

Past Performance

How has Victory Offices performed over the past 5 years?

-184.1%

Last years 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: Insufficient data to determine if VOL's year-on-year earnings growth rate was positive over the past 5 years.

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 (-39.6%).


Return on Equity

High ROE: VOL has a negative Return on Equity (-22.04%), as it is currently unprofitable.


Next Steps

Financial Health

How is Victory Offices's financial position?


Financial Position Analysis

Short Term Liabilities: VOL's short term assets (A$7.3M) do not cover its short term liabilities (A$22.9M).

Long Term Liabilities: VOL's short term assets (A$7.3M) do not cover its long term liabilities (A$168.7M).


Debt to Equity History and Analysis

Debt Level: VOL's debt to equity ratio (7%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if VOL's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: VOL's debt is well covered by operating cash flow (581.1%).

Interest Coverage: VOL is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

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?

AU$520k

CEO Compensation


CEO

Dan Baxter

no data

Tenure

AU$519,503

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 ($USD370.07K) is above average for companies of similar size in the Australian market ($USD277.63K).

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


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 100%.


Top Shareholders

Company Information

Victory Offices Limited's company bio, 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$17.178m
  • Shares outstanding: 81.80m
  • Website: https://www.victoryoffices.com.au

Number of Employees


Location

  • Victory Offices Limited
  • Victory Tower
  • Level 2
  • Melbourne
  • Victoria
  • 3000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VOLASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJun 2019
VOLCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJun 2019

Biography

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-wor ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/27 10:36
End of Day Share Price2020/10/27 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.