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VN8

VonexASX:VN8 Stock Report

Market Cap

AU$46.0m

7D

3.7%

1Y

-22.2%

Updated

24 Oct, 2021

Data

Company Financials +
VN8 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

VN8 Overview

Vonex Limited provides telecommunications services to business customers in Australia and the United States.

Price History & Performance

Summary of all time highs, changes and price drops for Vonex
Historical stock prices
Current Share PriceAU$0.14
52 Week HighAU$0.11
52 Week LowAU$0.33
Beta2.12
1 Month Change-6.67%
3 Month Change12.00%
1 Year Change-22.22%
3 Year Change27.27%
5 Year Changen/a
Change since IPO-17.65%

Recent News & Updates

Mar 12
Trade Alert: The Non-executive Director Of Vonex Limited (ASX:VN8), Jason Gomersall, Has Just Spent AU$51k Buying A Few More Shares

Trade Alert: The Non-executive Director Of Vonex Limited (ASX:VN8), Jason Gomersall, Has Just Spent AU$51k Buying A Few More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Vonex Limited ( ASX:VN8 ) Non-executive...

Shareholder Returns

VN8AU TelecomAU Market
7D3.7%-1.8%0.6%
1Y-22.2%30.7%21.3%

Return vs Industry: VN8 underperformed the Australian Telecom industry which returned 30.7% over the past year.

Return vs Market: VN8 underperformed the Australian Market which returned 21.3% over the past year.

Price Volatility

Is VN8's price volatile compared to industry and market?
VN8 volatility
VN8 Beta2.12
Industry Beta0.59
Market Beta1

Stable Share Price: VN8 is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: VN8's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aMatt Faheyhttps://www.vonex.com.au

Vonex Limited provides telecommunications services to business customers in Australia and the United States. The company operates through Retail Telecommunications and Wholesale Telecommunications segments. It offers mobile, internet, traditional fixed lines, and hosted PBX and Voice over Internet Protocol services for the small to medium enterprise customers under the Vonex brand, as well as sells hardware.

Vonex Fundamentals Summary

How do Vonex's earnings and revenue compare to its market cap?
VN8 fundamental statistics
Market CapAU$45.97m
Earnings (TTM)-AU$3.98m
Revenue (TTM)AU$18.26m

2.5x

P/S Ratio

-11.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VN8 income statement (TTM)
RevenueAU$18.26m
Cost of RevenueAU$12.75m
Gross ProfitAU$5.51m
ExpensesAU$9.50m
Earnings-AU$3.98m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.012
Gross Margin30.20%
Net Profit Margin-21.82%
Debt/Equity Ratio0%

How did VN8 perform over the long term?

See historical performance and comparison

Valuation

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

14.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: VN8 (A$0.14) is trading below our estimate of fair value (A$0.16)

Significantly Below Fair Value: VN8 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: VN8 is unprofitable, so we can't compare its PE Ratio to the Australian Telecom industry average.

PE vs Market: VN8 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 VN8's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: VN8 is overvalued based on its PB Ratio (8.2x) compared to the AU Telecom industry average (3.4x).


Future Growth

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

9.3%

Forecasted Telecom industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if VN8's forecast earnings growth is above the savings rate (1.9%).

Earnings vs Market: Insufficient data to determine if VN8's earnings are forecast to grow faster than the Australian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if VN8's revenue is forecast to grow faster than the Australian market.

High Growth Revenue: Insufficient data to determine if VN8's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if VN8's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Vonex performed over the past 5 years?

39.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VN8 is currently unprofitable.

Growing Profit Margin: VN8 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: VN8 is unprofitable, but has reduced losses over the past 5 years at a rate of 39.3% per year.

Accelerating Growth: Unable to compare VN8's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: VN8 is unprofitable, making it difficult to compare its past year earnings growth to the Telecom industry (2.1%).


Return on Equity

High ROE: VN8 has a negative Return on Equity (-71.46%), as it is currently unprofitable.


Financial Health

How is Vonex's financial position?


Financial Position Analysis

Short Term Liabilities: VN8's short term assets (A$5.9M) exceed its short term liabilities (A$4.8M).

Long Term Liabilities: VN8's short term assets (A$5.9M) exceed its long term liabilities (A$1.4M).


Debt to Equity History and Analysis

Debt Level: VN8's debt to equity ratio (0%) is considered satisfactory.

Reducing Debt: VN8 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


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: VN8 has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if VN8 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Vonex current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate VN8's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate VN8'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 VN8's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if VN8'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 VN8'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?

3.8yrs

Average management tenure


CEO

Matt Fahey

3.75yrs

Tenure

AU$335,047

Compensation

Mr. Matthew Fahey, also known as Matt, serves as the Managing Director at Vonex Limited and is part of the executive leadership team responsible for commercial strategy and development. He is the Chief Exe...


CEO Compensation Analysis

Compensation vs Market: Matt's total compensation ($USD250.33K) is about average for companies of similar size in the Australian market ($USD302.87K).

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


Leadership Team

Experienced Management: VN8's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: VN8's board of directors are considered experienced (5.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: VN8 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 75.1%.


Top Shareholders

Company Information

Vonex Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Vonex Limited
  • Ticker: VN8
  • Exchange: ASX
  • Founded: NaN
  • Industry: Alternative Carriers
  • Sector: Telecom
  • Market Cap: AU$45.969m
  • Shares outstanding: 328.35m
  • Website: https://www.vonex.com.au

Location

  • Vonex Limited
  • 303 Coronation Drive
  • Level 6
  • Milton
  • Queensland
  • 4064
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/24 07:05
End of Day Share Price2021/10/22 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.