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VOL

Victory Offices ASX:VOL Stock Report

Last Price

AU$0.04

Market Cap

AU$6.3m

7D

29.0%

1Y

-75.8%

Updated

24 Sep, 2022

Data

Company Financials
VOL fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

VOL Stock 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$0.04
52 Week HighAU$0.23
52 Week LowAU$0.015
Beta1.37
1 Month Change25.00%
3 Month Change122.22%
1 Year Change-75.76%
3 Year Change-98.35%
5 Year Changen/a
Change since IPO-98.14%

Recent News & Updates

Shareholder Returns

VOLAU Real EstateAU Market
7D29.0%-4.0%-2.7%
1Y-75.8%-18.2%-11.0%

Return vs Industry: VOL underperformed the Australian Real Estate industry which returned -18.2% over the past year.

Return vs Market: VOL underperformed the Australian Market which returned -11% over the past year.

Price Volatility

Is VOL's price volatile compared to industry and market?
VOL volatility
VOL Average Weekly Movement41.3%
Real Estate Industry Average Movement5.9%
Market Average Movement9.6%
10% most volatile stocks in AU Market16.9%
10% least volatile stocks in AU Market4.3%

Stable Share Price: VOL is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 41% a week.

Volatility Over Time: VOL's weekly volatility has increased from 26% to 41% over the past year.

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$6.31m
Earnings (TTM)-AU$50.11m
Revenue (TTM)AU$14.11m

0.4x

P/S Ratio

-0.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VOL income statement (TTM)
RevenueAU$14.11m
Cost of RevenueAU$0
Gross ProfitAU$14.11m
Other ExpensesAU$64.22m
Earnings-AU$50.11m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.32
Gross Margin100.00%
Net Profit Margin-355.25%
Debt/Equity Ratio-13.3%

How did VOL perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is VOL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VOL?

Other financial metrics that can be useful for relative valuation.

VOL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5.1x
Enterprise Value/EBITDA-6.5x
PEG Ration/a

Price to Sales Ratio vs Peers

How does VOL's PS Ratio compare to its peers?

VOL PS Ratio vs Peers
The above table shows the PS ratio for VOL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average12x
DGH Desane Group Holdings
21.6xn/aAU$38.9m
SSL Sietel
5.4xn/aAU$62.7m
UUL Ultima United
16.5xn/aAU$4.7m
EGH Eureka Group Holdings
4.5x10.0%AU$135.2m
VOL Victory Offices
0.4xn/aAU$6.3m

Price-To-Sales vs Peers: VOL is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (12x).


Price to Earnings Ratio vs Industry

How does VOL's PE Ratio compare vs other companies in the AU Real Estate Industry?

Price-To-Sales vs Industry: VOL is good value based on its Price-To-Sales Ratio (0.4x) compared to the Australian Real Estate industry average (4x)


Price to Sales Ratio vs Fair Ratio

What is VOL's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VOL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate VOL's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of VOL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate VOL's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate VOL's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


Discover undervalued companies

  • Take a look at our analysis of VOL's management and see if the CEO's compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don't know where to start, we recommend reading through Victory Offices regulatory filings.

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


27.4%

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.


Discover growth companies

  • Take a look at our analysis of VOL’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Victory Offices competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Victory Offices performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-71.1%

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 71.1% 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 (26.7%).


Return on Equity

High ROE: VOL's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Discover strong past performing companies

Financial Health

How is Victory Offices's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: VOL has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: VOL has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: VOL has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: VOL's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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 less than a year of cash runway 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 35.8% each year


Discover healthy companies

Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as VOL has not reported any payouts.


Discover strong dividend paying companies

Management

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

1.6yrs

Average management tenure


CEO

Dan Baxter

1.58yrs

Tenure

AU$382,930

Compensation

Mr. Dan Baxter serves as a Managing Director, Chief Executive Officer and Executive Director at Victory Offices Limited and serves as its Chairman of the Board since May 24, 2022. He is Founder of Victory...


CEO Compensation Analysis

Compensation vs Market: Dan's total compensation ($USD250.63K) is about average for companies of similar size in the Australian market ($USD281.91K).

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 ( 1.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: VOL's board of directors are considered experienced (3.3 years average tenure).


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

ASX:VOL Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
05 Nov 21SellAU$25,023Hart Capital Partners, Asset Management ArmCompany161,599AU$0.15

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 18 shareholders own 80.12% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
73.03%
Victory Group Holdings Pty Ltd
115,281,350A$4.6m0%no data
2.53%
Graham Newman Pty Ltd
4,000,000A$160.0k0%no data
1.48%
Perennial Value Management Limited
2,341,903A$93.7k0%0.01%
0.49%
Hongzhi Wu
770,764A$30.8k0%no data
0.46%
Ndpm Pty Ltd
730,000A$29.2k0%no data
0.32%
10 Aquatrail Pty Ltd
500,000A$20.0k0%no data
0.31%
Tyler McMillan
489,500A$19.6k0%no data
0.21%
Gregory Brown
337,138A$13.5k0%no data
0.21%
Stefanie Brown
337,137A$13.5k0%no data
0.21%
Mark Harrison
325,000A$13.0k0%no data
0.17%
Official Intelligence Pty Ltd
276,000A$11.0k0%no data
0.16%
David Lee
252,940A$10.1k0%no data
0.16%
Woodtop Pty Ltd
250,000A$10.0k0%no data
0.15%
Rasika Wijdeera
243,074A$9.7k0%no data
0.084%
Tadeusz Chwasta
133,334A$5.3k0%no data
0.063%
Alan Jones
100,000A$4.0k0%no data
0.043%
Dan Baxter
67,402A$2.7k0%no data
0.02%
George Paolucci
31,600A$1.3k0%no data

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
  • Implied Market Cap: AU$6.314m
  • 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

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

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/24 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2022/06/30


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.