VOYG Stock Overview
Voyager Digital Ltd., through its subsidiaries, operates as a crypto asset brokerage firm primarily in the United States and Canada.
Voyager Digital Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$0.58|
|52 Week High||CA$26.12|
|52 Week Low||CA$0.42|
|1 Month Change||-81.05%|
|3 Month Change||-92.17%|
|1 Year Change||-97.17%|
|3 Year Change||-4.92%|
|5 Year Change||n/a|
|Change since IPO||-35.56%|
Recent News & Updates
|VOYG||CA Capital Markets||CA Market|
Return vs Industry: VOYG underperformed the Canadian Capital Markets industry which returned -17.3% over the past year.
Return vs Market: VOYG underperformed the Canadian Market which returned -5% over the past year.
|VOYG Average Weekly Movement||32.4%|
|Capital Markets Industry Average Movement||6.9%|
|Market Average Movement||10.1%|
|10% most volatile stocks in CA Market||17.4%|
|10% least volatile stocks in CA Market||4.4%|
Stable Share Price: VOYG is more volatile than 90% of Canadian stocks over the past 3 months, typically moving +/- 32% a week.
Volatility Over Time: VOYG's weekly volatility has increased from 21% to 32% over the past year.
About the Company
Voyager Digital Ltd., through its subsidiaries, operates as a crypto asset brokerage firm primarily in the United States and Canada. It operates a digital platform that enables users to buy and sell crypto assets across multiple centralized marketplaces in one account. The company was formerly known as Voyager Digital (Canada) Ltd.
Voyager Digital Fundamentals Summary
|VOYG fundamental statistics|
Is VOYG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|VOYG income statement (TTM)|
|Cost of Revenue||US$91.42m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.30|
|Net Profit Margin||-12.60%|
How did VOYG perform over the long term?See historical performance and comparison
Is VOYG undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for VOYG?
Other financial metrics that can be useful for relative valuation.
|What is VOYG's n/a Ratio?|
Price to Book Ratio vs Peers
How does VOYG's PB Ratio compare to its peers?
|VOYG PB Ratio vs Peers|
|Company||PB||Estimated Growth||Market Cap|
FRNT FRNT Financial
WNDR WonderFi Technologies
RCG RF Capital Group
VOYG Voyager Digital
Price-To-Book vs Peers: VOYG is good value based on its Price-To-Book Ratio (0.3x) compared to the peer average (3.1x).
Price to Earnings Ratio vs Industry
How does VOYG's PE Ratio compare vs other companies in the CA Capital Markets Industry?
Price-To-Book vs Industry: VOYG is good value based on its Price-To-Book Ratio (0.3x) compared to the Canadian Capital Markets industry average (1.1x)
Price to Book Ratio vs Fair Ratio
What is VOYG's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PB Ratio||0.3x|
|Fair PB Ratio||n/a|
Price-To-Book vs Fair Ratio: Insufficient data to calculate VOYG's Price-To-Book Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of VOYG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate VOYG's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate VOYG's fair value for valuation analysis.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate VOYG's PEG Ratio to determine if it is good value.
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How is Voyager Digital forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VOYG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).
Earnings vs Market: VOYG is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: VOYG is expected to become profitable in the next 3 years.
Revenue vs Market: VOYG's revenue (9.9% per year) is forecast to grow faster than the Canadian market (6.5% per year).
High Growth Revenue: VOYG's revenue (9.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if VOYG's Return on Equity is forecast to be high in 3 years time
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How has Voyager Digital performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VOYG is currently unprofitable.
Growing Profit Margin: VOYG is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: VOYG is unprofitable, and losses have increased over the past 5 years at a rate of 41.8% per year.
Accelerating Growth: Unable to compare VOYG's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: VOYG is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (0.2%).
Return on Equity
High ROE: VOYG has a negative Return on Equity (-22.39%), as it is currently unprofitable.
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How is Voyager Digital's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: VOYG's short term assets ($5.9B) exceed its short term liabilities ($5.7B).
Long Term Liabilities: VOYG's short term assets ($5.9B) exceed its long term liabilities ($9.5M).
Debt to Equity History and Analysis
Debt Level: VOYG is debt free.
Reducing Debt: VOYG had no debt 5 years ago.
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: Whilst unprofitable VOYG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: VOYG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 83.7% per year.
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What is Voyager Digital current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate VOYG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate VOYG'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 VOYG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if VOYG'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 VOYG has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve Ehrlich (55 yo)
Mr. Stephen Jay Ehrlich, also known as Steve, is the Co-Founder of Voyager Digital Ltd. and has been its Chief Executive Officer and Director since January 29, 2018. He serves as Chief Executive Officer an...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD320.67K) is above average for companies of similar size in the Canadian market ($USD191.60K).
Compensation vs Earnings: Steve's compensation has increased whilst the company is unprofitable.
Experienced Management: VOYG's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Experienced Board: VOYG's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 21.9%.
Voyager Digital Ltd.'s employee growth, exchange listings and data sources
- Name: Voyager Digital Ltd.
- Ticker: VOYG
- Exchange: TSX
- Founded: 2018
- Industry: Financial Exchanges and Data
- Sector: Diversified Financials
- Implied Market Cap: CA$110.676m
- Shares outstanding: 190.82m
- Website: https://www.investvoyager.com
Number of Employees
- Voyager Digital Ltd.
- 33 Irving Place
- 3rd Floor
- New York
- New York
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/07/03 00:00|
|End of Day Share Price||2022/06/30 00:00|
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.