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VON Capital

TSXV:VON.P
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VON.P
TSXV
CA$240K
Market Cap
  1. Home
  2. CA
  3. Diversified Financials
Company description

VON Capital Corp. does not have significant operations. The last earnings update was 49 days ago. More info.


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VON.P Share Price and Events
7 Day Returns
0%
TSXV:VON.P
0.4%
CA Capital Markets
0.6%
CA Market
1 Year Returns
-
TSXV:VON.P
-3.8%
CA Capital Markets
4.4%
CA Market
VON.P Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
VON Capital (VON.P) 0% 0% - - - -
CA Capital Markets 0.4% 4.9% 10.8% -3.8% 12.3% -15.2%
CA Market 0.6% 2.2% 8.8% 4.4% 15.7% 7.1%
1 Year Return vs Industry and Market
  • No trading data on VON.P.
  • No trading data on VON.P.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is VON Capital 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
  • It is not possible to calculate the future cash flow value for VON Capital. This is due to cash flow or dividend data being unavailable. The share price is CA$0.08.
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 VON Capital's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are VON Capital's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:VON.P PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.01
TSXV:VON.P Share Price ** TSXV (2019-03-22) in CAD CA$0.08
Canada Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 13.23x
Canada Market PE Ratio Median Figure of 556 Publicly-Listed Companies 15.47x

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

** Primary Listing of VON Capital.

TSXV:VON.P PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:VON.P Share Price ÷ EPS (both in CAD)

= 0.08 ÷ -0.01

-8.54x

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

  • VON Capital is loss making, we can't compare its value to the CA Capital Markets industry average.
  • VON Capital is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does VON Capital's expected growth come at a high price?
Raw Data
TSXV:VON.P PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.54x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Capital Markets Industry PEG Ratio Median Figure of 36 Publicly-Listed Capital Markets Companies 2.54x
Canada Market PEG Ratio Median Figure of 254 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 VON Capital, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on VON Capital's assets?
Raw Data
TSXV:VON.P PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$0.09
TSXV:VON.P Share Price * TSXV (2019-03-22) in CAD CA$0.08
Canada Capital Markets Industry PB Ratio Median Figure of 118 Publicly-Listed Capital Markets Companies 1.45x
Canada Market PB Ratio Median Figure of 2,369 Publicly-Listed Companies 1.52x
TSXV:VON.P PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:VON.P Share Price ÷ Book Value per Share (both in CAD)

= 0.08 ÷ 0.09

0.93x

* Primary Listing of VON Capital.

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

  • VON Capital is good value based on assets compared to the CA Capital Markets industry average.
X
Value checks
We assess VON Capital'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. VON Capital has a total score of 1/6, 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.

Future Performance

 How is VON Capital expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 VON Capital 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
5.9%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is VON Capital expected to grow at an attractive rate?
  • Unable to compare VON Capital's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare VON Capital's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare VON Capital's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:VON.P Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.9%
Canada Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average -2.4%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18.2%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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:VON.P Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:VON.P Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 0 0
2018-09-30 0 0
2018-06-30 0 0
2017-06-30 0 0
2017-03-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if VON Capital is high growth as no earnings estimate data is available.
  • Unable to determine if VON Capital is high growth as no revenue estimate data is available.
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:VON.P 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 0 Analyst Estimates (S&P Global) See Below

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

TSXV:VON.P Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.01
2018-09-30 -0.03
2018-06-30 -0.05
2017-06-30
2017-03-31

*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 VON Capital will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine VON Capital's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. VON Capital's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. VON Capital's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess VON Capital'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.
VON Capital has a total score of 0/6, 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.

Past Performance

  How has VON Capital 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 VON Capital's growth in the last year to its industry (Capital Markets).
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.
  • VON Capital does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare VON Capital's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare VON Capital's 1-year growth to the CA Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
VON Capital'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 VON Capital Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:VON.P 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 -0.03 0.02
2018-09-30 -0.08 0.08
2018-06-30 -0.09 0.08
2017-06-30 -0.09 0.05
2017-03-31 -0.10 0.10

*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.
  • It is difficult to establish if VON Capital has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if VON Capital has efficiently used its assets last year compared to the CA Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if VON Capital improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess VON Capital'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 Capital Markets 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.
VON Capital has a total score of 0/6, 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.

Health

 How is VON Capital'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 VON Capital's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • VON Capital is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • VON Capital has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of VON Capital'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.
  • Low level of unsold assets.
  • VON Capital has no debt, it does not need to be covered by short term assets.
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 VON Capital Company Filings, last reported 3 months ago.

TSXV:VON.P Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 0.26 0.00 0.26
2018-09-30 0.27 0.00 0.27
2018-06-30 0.27 0.00 0.28
2017-06-30 0.07 0.00 0.07
2017-03-31 0.09 0.00 0.08
  • VON Capital has no debt.
  • VON Capital has not taken on any debt in the past 5 years.
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.

  • VON Capital has sufficient cash runway for more than 3 years based on current free cash flow.
  • VON Capital has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -96.7% each year.
X
Financial health checks
We assess VON Capital'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. VON Capital has a total score of 6/6, 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.

Dividends

 What is VON Capital'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 VON Capital dividends.
If you bought CA$2,000 of VON Capital 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 VON Capital's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate VON Capital'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:VON.P 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 0 Analyst Estimates (S&P Global) See Below
Canada Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 4.8%
Canada Market Average Dividend Yield Market Cap Weighted Average of 330 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 5.6%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as VON Capital has not reported any payouts.
  • Unable to verify if VON Capital's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of VON Capital's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as VON Capital 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 VON Capital'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 VON Capital afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. VON Capital 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.

Management

 What is the CEO of VON Capital'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
David Patterson
COMPENSATION CA$0
AGE 63
TENURE AS CEO 2.2 years
CEO Bio

Mr. David M. Patterson has been Chief Executive Officer, Chief Financial Officer and Director at Two Owls Ventures Corp. since August 16, 2017. He served as Chief Executive Officer, Company Secretary and Director at MK2 Ventures Ltd. until October 23, 2017. Mr. Patterson has an extensive European and North American network. Mr. Patterson serves as the Chief Executive Officer, Chief Financial Officer, Director and Company Secretary of VON Capital Corp., a capital pool company listed on the TSXV. Mr. Patterson served as Chief Financial Officer of Donner Metals Ltd., a minerals exploration and development company listed on the TSXV, from August 2005 to October 2012. He served as Chief Executive Officer of Emerita Resources Corp., an exploration and development company listed on the TSXV from October 2009 to January 2013. He served as a Director of Emerita Resources Corp. since October 2009 until December 13, 2018. Mr. Patterson holds a Masters of Business Administration from Simon Fraser University in 1991.

CEO Compensation
  • Insufficient data for David to compare compensation growth.
  • David's remuneration is lower than average for companies of similar size in Canada.
Management Team

David Patterson

TITLE
CEO, CFO
AGE
63
TENURE
2.2 yrs
Board of Directors Tenure

Average tenure and age of the VON Capital board of directors in years:

2.2
Average Tenure
47
Average Age
  • The average tenure for the VON Capital board of directors is less than 3 years, this suggests a new board.
Board of Directors

David Patterson

TITLE
CEO, CFO
AGE
63
TENURE
2.2 yrs

Colin Watt

TITLE
Director
AGE
46
TENURE
2.2 yrs

Emily Davis

TITLE
Director
AGE
47
TENURE
2.2 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$) Value (CA$)
X
Management checks
We assess VON Capital'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. VON Capital 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.

News

Simply Wall St News

What Kind Of Shareholders Own VON Capital Corp (CVE:VON.P)?

Every investor in VON Capital Corp (CVE:VON.P) should be aware of the most powerful shareholder groups. … Taking a look at the our data on the ownership groups (below), it's seems that. … We can zoom in on the different ownership groups, to learn more about VON.P

Simply Wall St -

Is VON Capital Corp (CVE:VON.P) Cheap And High Growth?

Given the lack of analyst consensus in VON Capital’s outlook, we could potentially assume the stock’s growth rate broadly follows its capital markets industry peers. … This means it is an attractive growth stock relative to the wider Canadian stock market. … TSXV:VON.P PE PEG Gauge Feb 23rd 18 Capital markets companies are typically trading at a PE of 14.31x, relatively similar to the rest of the Canadian stock market PE of 16.06x.

Simply Wall St -

How Does VON Capital Corp (TSXV:VONP) Compare To The Financial Sector?

Over the past year, the industry saw negative growth of -1.30%, underperforming the Canadian market growth of 8.26%. … This means it is an attractive growth stock relative to the wider Canadian stock market. … Capital markets companies are typically trading at a PE of 14x, in-line with the Canadian stock market PE of 17x.

Simply Wall St -

Company Info

Description

VON Capital Corp. does not have significant operations. It intends to identify and evaluate assets or businesses with a view to completing a qualifying transaction. The company was formerly known as 1108775 BC Ltd. and changed its name to VON Capital Corp. in March 2017. Von Capital Corp. was incorporated in 2017 and is headquartered in Vancouver, Canada.

Details
Name: VON Capital Corp.
VON.P
Exchange: TSXV
Founded: 2017
CA$240,000
3,000,000
Website: http://
Address: VON Capital Corp.
1111 Melville Street,
Suite 1100,
Vancouver,
British Columbia, V6E 3V6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV VON.P Common Shares TSX Venture Exchange CA CAD 31. Oct 2017
Number of employees
Current staff
Staff numbers
0
VON Capital employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/17 01:12
End of day share price update: 2019/03/22 00:00
Last earnings filing: 2019/02/27
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


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.