ASX:VP7

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Velocity Property Group

Executive Summary

Velocity Property Group Limited, together with its subsidiaries, engages in the property development business in Australia. More Details


Snowflake Analysis

Adequate balance sheet and fair value.

Share Price & News

How has Velocity Property Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VP7 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

VP7

-2.1%

AU Real Estate

1.9%

AU Market


1 Year Return

n/a

VP7

-27.4%

AU Real Estate

-10.0%

AU Market

Return vs Industry: Insufficient data to determine how VP7 performed against the Australian Real Estate industry.

Return vs Market: Insufficient data to determine how VP7 performed against the Australian Market.


Shareholder returns

VP7IndustryMarket
7 Day0%-2.1%1.9%
30 Day0%3.8%-1.9%
90 Day7.8%-2.4%3.1%
1 Yearn/a-25.7%-27.4%-6.8%-10.0%
3 Year-77.6%-77.6%-22.1%-28.7%17.5%2.4%
5 Yearn/a15.7%-3.4%43.6%13.4%

Price Volatility Vs. Market

How volatile is Velocity Property Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Velocity Property Group 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: VP7 (A$0.55) is trading below our estimate of fair value (A$70.62)

Significantly Below Fair Value: VP7 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: VP7 is unprofitable, so we can't compare its PE Ratio to the AU Real Estate industry average.

PE vs Market: VP7 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 VP7's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: VP7 is good value based on its PB Ratio (0.6x) compared to the AU Real Estate industry average (0.9x).


Next Steps

Future Growth

How is Velocity Property Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

40.0%

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 Velocity Property Group 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.


Next Steps

Past Performance

How has Velocity Property Group performed over the past 5 years?

-56.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VP7 is currently unprofitable.

Growing Profit Margin: VP7 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: VP7 is unprofitable, and losses have increased over the past 5 years at a rate of 56.8% per year.

Accelerating Growth: Unable to compare VP7's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: VP7 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-39.6%).


Return on Equity

High ROE: VP7 has a negative Return on Equity (-74.06%), as it is currently unprofitable.


Next Steps

Financial Health

How is Velocity Property Group's financial position?


Financial Position Analysis

Short Term Liabilities: VP7's short term assets (A$59.3M) exceed its short term liabilities (A$38.5M).

Long Term Liabilities: VP7's short term assets (A$59.3M) exceed its long term liabilities (A$15.3M).


Debt to Equity History and Analysis

Debt Level: VP7's debt to equity ratio (408.5%) is considered high.

Reducing Debt: VP7 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: VP7's debt is well covered by operating cash flow (37.7%).

Interest Coverage: Insufficient data to determine if VP7's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Velocity Property Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate VP7's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate VP7'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 VP7's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if VP7'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 VP7'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?

1.3yrs

Average management tenure


CEO

Philip Raff

0.17

Tenure

AU$150,000

Compensation

Mr. Philip John Raff serves as Commercial Manager of Velocity Property Group Limited and has been its Executive Director since August 30, 2016. Mr. Raff serves as Managing Director at Velocity Property Gro ...


CEO Compensation Analysis

Compensation vs Market: Philip's total compensation ($USD105.86K) is below average for companies of similar size in the Australian market ($USD274.37K).

Compensation vs Earnings: Philip's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Philip Raff
MD, Commercial Manager & Executive Director0.17yrAU$150.00k9.28%
A$ 581.3k
Phillip Young
CFO & Company Secretary4.17yrsAU$178.92kno data
Michelle Ng
Accounts Manager1.33yrsno datano data
Nicole Fisher
Marketing Managerno datano datano data

1.3yrs

Average Tenure

Experienced Management: VP7's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Philip Raff
MD, Commercial Manager & Executive Director0.17yrAU$150.00k9.28%
A$ 581.3k
Tony Pitt
Chairman0.50yrAU$24.04k19.99%
A$ 1.3m
James Storey
Non-Executive Director0.75yrAU$20.77kno data

0.8yrs

Average Tenure

Experienced Board: VP7's board of directors are not considered experienced ( 0.8 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 10.1%.


Top Shareholders

Company Information

Velocity Property Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Velocity Property Group Limited
  • Ticker: VP7
  • Exchange: ASX
  • Founded: 2015
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: AU$6.264m
  • Shares outstanding: 11.39m
  • Website: https://www.velocitypropertygroup.com.au

Location

  • Velocity Property Group Limited
  • 6/57–59 Oxford Street
  • Bulimba
  • Queensland
  • 4171
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VP7ASX (Australian Securities Exchange)YesOrdinary SharesAUAUDFeb 2017

Biography

Velocity Property Group Limited, together with its subsidiaries, engages in the property development business in Australia. It is involved in the development of residential multi-unit apartments, townhouse ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/29 10:32
End of Day Share Price2020/08/25 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.