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Vertex Resource Group

TSXV:VTX
Snowflake Description

Fair value with concerning outlook.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VTX
TSXV
CA$35M
Market Cap
  1. Home
  2. CA
  3. Commercial Services
Company description

Vertex Resource Group Ltd. provides environmental and industrial services in Canada and the United States. The last earnings update was 30 days ago. More info.


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VTX Share Price and Events
7 Day Returns
0%
TSXV:VTX
-2.2%
CA Commercial Services
0.6%
CA Market
1 Year Returns
-19.6%
TSXV:VTX
-19.5%
CA Commercial Services
3.4%
CA Market
VTX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Vertex Resource Group (VTX) 0% 5.7% -7.5% -19.6% - -
CA Commercial Services -2.2% 0.3% -5.6% -19.5% 0.5% -49.2%
CA Market 0.6% 2.7% 8.3% 3.4% 15.7% 7.1%
1 Year Return vs Industry and Market
  • VTX underperformed the Market in Canada which returned 3.4% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

VTX Value

 Is Vertex Resource Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Vertex Resource Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Vertex Resource Group.

TSXV:VTX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.6%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSXV:VTX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.76
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.757 (1 + (1- 26.5%) (253.47%))
1.782
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.78
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.782 * 5.96%)
12.57%

Discounted Cash Flow Calculation for TSXV:VTX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Vertex Resource Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSXV:VTX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 12.57%)
2019 13.40 Analyst x1 11.90
2020 5.00 Analyst x1 3.95
2021 1.84 Est @ -63.2% 1.29
2022 1.04 Est @ -43.65% 0.65
2023 0.73 Est @ -29.97% 0.40
2024 0.58 Est @ -20.4% 0.28
2025 0.50 Est @ -13.69% 0.22
2026 0.45 Est @ -9% 0.18
2027 0.43 Est @ -5.72% 0.15
2028 0.41 Est @ -3.42% 0.13
Present value of next 10 years cash flows CA$19.14
TSXV:VTX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$0.41 × (1 + 1.95%) ÷ (12.57% – 1.95%)
CA$3.97
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$3.97 ÷ (1 + 12.57%)10
CA$1.21
TSXV:VTX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$19.14 + CA$1.21
CA$20.35
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$20.35 / 93.41
CA$0.22
TSXV:VTX Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$0.22
Current discount Discount to share price of CA$0.37
= -1 x (CA$0.37 - CA$0.22) / CA$0.22
-69.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Vertex Resource Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Vertex Resource Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Vertex Resource Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:VTX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$0.03
TSXV:VTX Share Price ** TSXV (2019-04-11) in CAD CA$0.37
Canada Commercial Services Industry PE Ratio Median Figure of 11 Publicly-Listed Commercial Services Companies 16.64x
Canada Market PE Ratio Median Figure of 557 Publicly-Listed Companies 14.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Vertex Resource Group.

TSXV:VTX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:VTX Share Price ÷ EPS (both in CAD)

= 0.37 ÷ 0.03

14.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Vertex Resource Group is good value based on earnings compared to the CA Commercial Services industry average.
  • Vertex Resource Group is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does Vertex Resource Group's expected growth come at a high price?
Raw Data
TSXV:VTX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
Not available
North America Commercial Services Industry PEG Ratio Median Figure of 36 Publicly-Listed Commercial Services Companies 1.58x
Canada Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Vertex Resource Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Vertex Resource Group's assets?
Raw Data
TSXV:VTX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$0.70
TSXV:VTX Share Price * TSXV (2019-04-11) in CAD CA$0.37
Canada Commercial Services Industry PB Ratio Median Figure of 20 Publicly-Listed Commercial Services Companies 1.65x
Canada Market PB Ratio Median Figure of 2,380 Publicly-Listed Companies 1.51x
TSXV:VTX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:VTX Share Price ÷ Book Value per Share (both in CAD)

= 0.37 ÷ 0.70

0.53x

* Primary Listing of Vertex Resource Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Vertex Resource Group is good value based on assets compared to the CA Commercial Services industry average.
X
Value checks
We assess Vertex Resource Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Vertex Resource Group has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

VTX Future Performance

 How is Vertex Resource Group expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Vertex Resource Group expected to grow at an attractive rate?
  • Unable to compare Vertex Resource Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Vertex Resource Group's earnings growth to the Canada market average as no estimate data is available.
  • Vertex Resource Group's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSXV:VTX Future Growth Rates Data Sources
Data Point Source Value (per year)
TSXV:VTX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 13%
Canada Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 60.6%
Canada Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 9.7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18.2%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:VTX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:VTX Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 196 13 2
2019-12-31 176 8 2
TSXV:VTX Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 150 9 2
2018-09-30 140 7 0
2018-06-30 133 2 -7
2018-03-31 131 5 -3
2017-12-31 118 -1 -3
2017-09-30 108 -3 -4
2017-06-30 93 2 -7
2017-03-31 87 5 -8
2016-12-31 86 8 -8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Vertex Resource Group is high growth as no earnings estimate data is available.
  • Vertex Resource Group's revenue is expected to grow by 13% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:VTX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Vertex Resource Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:VTX Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
TSXV:VTX Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 0.03
2018-09-30 0.00
2018-06-30 -0.08
2018-03-31 -0.03
2017-12-31 -0.04
2017-09-30 -0.04
2017-06-30 -0.09
2017-03-31 -0.12
2016-12-31 -0.16

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Vertex Resource Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Vertex Resource Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Vertex Resource Group has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

VTX Past Performance

  How has Vertex Resource Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Vertex Resource Group's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Vertex Resource Group's year on year earnings growth rate was positive over the past 5 years.
  • Vertex Resource Group has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Vertex Resource Group has become profitable in the last year making it difficult to compare the CA Commercial Services industry average.
Earnings and Revenue History
Vertex Resource Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Vertex Resource Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:VTX Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 150.39 2.29 20.08
2018-09-30 139.58 0.16 18.53
2018-06-30 133.14 -6.55 17.87
2018-03-31 131.47 -2.74 17.42
2017-12-31 118.42 -2.95 16.78
2017-09-30 107.66 -3.68 16.28
2017-06-30 93.19 -7.03 16.09
2017-03-31 87.48 -7.75 15.28
2016-12-31 86.15 -8.17 14.68
2015-12-31 106.47 -10.04 16.53

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Vertex Resource Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Vertex Resource Group used its assets more efficiently than the CA Commercial Services industry average last year based on Return on Assets.
  • Vertex Resource Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Vertex Resource Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Vertex Resource Group has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

VTX Health

 How is Vertex Resource Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Vertex Resource Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Vertex Resource Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Vertex Resource Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Vertex Resource Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Vertex Resource Group Company Filings, last reported 3 months ago.

TSXV:VTX Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 65.70 87.61 2.35
2018-09-30 65.21 85.32 0.90
2018-06-30 56.99 67.41 0.78
2018-03-31 61.12 57.91 1.12
2017-12-31 59.77 62.16 0.30
2017-09-30 59.53 60.25 0.33
2017-06-30 59.73 55.06 2.29
2017-03-31 40.83 57.68 0.04
2016-12-31 40.83 57.68 0.04
2015-12-31 36.76 65.54
  • Vertex Resource Group's level of debt (133.4%) compared to net worth is high (greater than 40%).
  • Unable to establish if Vertex Resource Group's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (10.8%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 0.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Vertex Resource Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Vertex Resource Group has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

VTX Dividends

 What is Vertex Resource Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Vertex Resource Group dividends.
If you bought CA$2,000 of Vertex Resource Group shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Vertex Resource Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Vertex Resource Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:VTX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
North America Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 46 Stocks 1.7%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSXV:VTX Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Vertex Resource Group has not reported any payouts.
  • Unable to verify if Vertex Resource Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Vertex Resource Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Vertex Resource Group has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Vertex Resource Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Vertex Resource Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Vertex Resource Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

VTX Management

 What is the CEO of Vertex Resource Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Terry Stephenson
COMPENSATION CA$290,000
AGE 44
CEO Bio

Mr. Terry A. Stephenson, CPA serves as President at Vertex Resource Services Ltd. Mr. Stephenson has been President of Vertex Resource Group Ltd. and serves as its Chief Executive Officer. In 2005, Mr. Stephenson founded Blackjack Investments Ltd and is its President and Chief Executive Officer. In this role he is instrumental to and responsible for all of the operations within the Blackjack Group of companies. Mr. Stephenson was an Advisor at Syncordia Technologies and Healthcare Solutions, Inc. Previously, he was employed at Flint Energy Services Ltd. as the Director of Finance, where he was responsible for M & A transaction structure, support and execution along with public company compliance, tax planning and treasury management. Mr. Stephenson began his career with KPMG LLP gaining experience in audit, due diligence, valuations and taxation, where he advanced to Manager with a heavy clientele of construction clients. He was the Finance Chair for the Alberta YPO Chapter and has served on numerous private company boards. Mr. Stephenson was a Finalist for Ernst & Young’s Entrepreneur of the Year in 2012, 2013 Leaders of Tomorrow Award Recipient and was recognized by Oilweek Magazine as a Rising Star in 2012. He has over 20 years of experience in the construction, oilfield service, equipment rental, safety and medical and environmental industries in Canada and the United States. Mr. Stephenson has been involved in or completed over 60 acquisitions and 10 divestitures, including two separate safety and medical platforms. His experience includes start-ups, turnarounds and vertical and horizontal service expansion via acquisition. He has been a Director of Vertex Resource Group Ltd. since April 04, 2005. He is a Chartered Accountant and CPA. Mr. Stephenson has a Bachelor of Commerce degree from the University of Alberta.

CEO Compensation
  • Terry's compensation has increased in line with Vertex Resource Group recently becoming profitable.
  • Terry's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Vertex Resource Group management team in years:

3.2
Average Tenure
42
Average Age
  • The tenure for the Vertex Resource Group management team is about average.
Management Team

Terry Stephenson

TITLE
President
COMPENSATION
CA$290K
AGE
44

Mike Zvonkovic

TITLE
CFO & Corporate Secretary
COMPENSATION
CA$170K
AGE
41
TENURE
1.6 yrs

Paul Blenkhorn

TITLE
Vice President of Consulting Services
COMPENSATION
CA$171K
AGE
42

Sherry Bielopotocky

TITLE
Vice President of Corporate
COMPENSATION
CA$140K
AGE
39
TENURE
4 yrs

Deon Walsh

TITLE
Vice President of Environmental Services
COMPENSATION
CA$221K
AGE
51
TENURE
3.2 yrs
Board of Directors Tenure

Average tenure and age of the Vertex Resource Group board of directors in years:

5.8
Average Tenure
57
Average Age
  • The tenure for the Vertex Resource Group board of directors is about average.
Board of Directors

Brian Butlin

TITLE
Chairman
COMPENSATION
CA$16K
AGE
68
TENURE
12.2 yrs

Terry Stephenson

TITLE
President
COMPENSATION
CA$290K
AGE
44
TENURE
14 yrs

Terry Freeman

TITLE
Independent Director
COMPENSATION
CA$10K
AGE
58
TENURE
5.8 yrs

Stuart O'Connor

TITLE
Independent Director
COMPENSATION
CA$9K
AGE
57
TENURE
1.5 yrs

Trent Baker

TITLE
Independent Director
COMPENSATION
CA$8K
AGE
37
TENURE
3.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
22. Dec 18 Buy Michael Zvonkovic Individual 21. Dec 18 21. Dec 18 8,500 CA$0.40 CA$3,400
20. Dec 18 Buy Michael Zvonkovic Individual 20. Dec 18 20. Dec 18 1,500 CA$0.40 CA$600
28. Nov 18 Buy Michael Zvonkovic Individual 28. Nov 18 28. Nov 18 10,000 CA$0.44 CA$4,400
05. Oct 18 Sell Jason Clemett Individual 28. Sep 18 28. Sep 18 -20,000 CA$0.60 CA$-12,000
01. Oct 18 Buy Terry Stephenson Individual 28. Sep 18 01. Oct 18 45,924 CA$0.75 CA$28,192
25. Sep 18 Buy 32 Degrees Capital Company 18. Sep 18 21. Sep 18 16,500 CA$0.55 CA$9,068
20. Aug 18 Sell Jason Clemett Individual 14. Aug 18 14. Aug 18 -5,500 CA$0.63 CA$-3,465
22. May 18 Buy 32 Degrees Capital Company 18. May 18 18. May 18 55,000 CA$0.46 CA$25,300
17. May 18 Buy Howard Start Individual 16. May 18 16. May 18 36,000 CA$0.46 CA$16,510
X
Management checks
We assess Vertex Resource Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Vertex Resource Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

VTX News

Simply Wall St News

The Vertex Resource Group (CVE:VTX) Share Price Is Down 39% So Some Shareholders Are Getting Worried

The falls have accelerated recently, with the share price down 35% in the last three months. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … During the last year Vertex Resource Group grew its earnings per share, moving from a loss to a profit.

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Are Vertex Resource Group Ltd.'s (CVE:VTX) Interest Costs Too High?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is. … Here are few basic financial health checks you should consider before taking the plunge.

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Do Institutions Own Vertex Resource Group Ltd. (CVE:VTX) Shares?

If you want to know who really controls Vertex Resource Group Ltd. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Vertex Resource Group is a smaller company with a market capitalization of CA$29m, so it may still be flying under the radar of many institutional investors.

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Who Really Owns Vertex Resource Group Ltd (CVE:VTX)?

Today, I will be analyzing Vertex Resource Group Ltd’s (CVE:VTX) recent ownership structure, an important but not-so-popular subject among individual investors. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … View our latest analysis for Vertex Resource Group

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What Investors Should Know About Vertex Resource Group Ltd's (CVE:VTX) Financial Strength

Vertex Resource Group Ltd (CVE:VTX) is a small-cap stock with a market capitalization of CA$57.84m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

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Is Vertex Resource Group Ltd's (CVE:VTX) Balance Sheet Strong Enough To Weather A Storm?

Moving onto cash from operations, its trivial cash flows from operations make the cash-to-debt ratio less useful to us, though these low levels of cash means that operational efficiency is worth a look. … Looking at VTX’s most recent CA$21.32M liabilities, the company has maintained a safe level of current assets to meet its obligations, with the current ratio last standing at 1.96x. … Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate.Next Steps: VTX’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

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Was Vertex Resource Group Ltd's (CVE:VTX) Earnings Growth Better Than The Industry's?

See our latest analysis for Vertex Resource Group Did VTX's recent earnings growth beat the long-term trend and the industry? … TSXV:VTX Income Statement Mar 23rd 18 We can further evaluate Vertex Resource Group's loss by looking at what the industry has been experiencing over the past few years. … This means that though Vertex Resource Group is presently unprofitable, whatever recent headwind the industry is experiencing, the impact on Vertex Resource Group has been softer relative to its peers.What does this mean?

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VTX Company Info

Description

Vertex Resource Group Ltd. provides environmental and industrial services in Canada and the United States. It operates through two segments, Environmental Services and Industrial Services. The company offers environmental consulting; land and regulatory; emergency spill response; vacuum, hydro-vac, and pressure and steam truck; industrial chemical cleaning and high pressure water blasting; abandonment, completion, and drilling engineering; and geographical information, mapping, and drone services. It also provides engineered chemistry products and solutions; waste management bins and disposals; and surface rentals and wellsite accommodations, as well as engages in the rental of tanks, containment equipment, trucks, and related equipment. In addition, the company offers industrial insulation, glycol tracing, and utilidor products; self-frame metal buildings; safety and rescue; and breathing air services, as well as safety and industrial consumables. Further, it manufactures and installs custom industrial insulation blankets. It serves oil and gas, utilities, mining, telecommunications, forestry, agriculture, and government sectors. Vertex Resource Group Ltd. was founded in 1976 and is headquartered in Sherwood Park, Canada.

Details
Name: Vertex Resource Group Ltd.
VTX
Exchange: TSXV
Founded: 1976
CA$34,562,855
93,413,124
Website: http://www.vertex.ca
Address: Vertex Resource Group Ltd.
2055 Premier Way,
Suite 161,
Sherwood Park,
Alberta, AB T8H 0G2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV VTX Common Shares TSX Venture Exchange CA CAD 20. Nov 2017
Number of employees
Current staff
Staff numbers
650
Vertex Resource Group employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 01:01
End of day share price update: 2019/04/11 00:00
Last estimates confirmation: 2019/03/26
Last earnings filing: 2019/03/25
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.