FORA Stock Overview
VerticalScope Holdings Inc., a technology company, operates a cloud-based digital community platform in Canada.
VerticalScope Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$13.31|
|52 Week High||CA$34.00|
|52 Week Low||CA$7.30|
|1 Month Change||40.85%|
|3 Month Change||-29.50%|
|1 Year Change||-50.34%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-42.00%|
Recent News & Updates
|FORA||CA Interactive Media and Services||CA Market|
Return vs Industry: FORA exceeded the Canadian Interactive Media and Services industry which returned -56.3% over the past year.
Return vs Market: FORA underperformed the Canadian Market which returned 2.1% over the past year.
|FORA Average Weekly Movement||20.7%|
|Interactive Media and Services Industry Average Movement||14.4%|
|Market Average Movement||10.6%|
|10% most volatile stocks in CA Market||18.9%|
|10% least volatile stocks in CA Market||4.3%|
Stable Share Price: FORA is more volatile than 90% of Canadian stocks over the past 3 months, typically moving +/- 21% a week.
Volatility Over Time: FORA's weekly volatility has increased from 13% to 21% over the past year.
About the Company
VerticalScope Holdings Inc., a technology company, operates a cloud-based digital community platform in Canada. It provides digital advertising services, including direct advertising campaigns, custom content solutions, and programmatic advertising; and e-commerce solutions. The company also focus on hyper-specific subjects that engender strong affinity from online communities of enthusiasts, super fans, experts, pros, hobbyists, and armchair analysts.
VerticalScope Holdings Fundamentals Summary
|FORA fundamental statistics|
Is FORA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FORA income statement (TTM)|
|Cost of Revenue||US$32.91m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-1.30|
|Net Profit Margin||-35.77%|
How did FORA perform over the long term?See historical performance and comparison
Is FORA undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales 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 FORA?
Other financial metrics that can be useful for relative valuation.
|What is FORA's n/a Ratio?|
Price to Sales Ratio vs Peers
How does FORA's PS Ratio compare to its peers?
|FORA PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
Y Yellow Pages
EGLX Enthusiast Gaming Holdings
AT AcuityAds Holdings
MDF mdf commerce
FORA VerticalScope Holdings
Price-To-Sales vs Peers: FORA is expensive based on its Price-To-Sales Ratio (2.8x) compared to the peer average (1.3x).
Price to Earnings Ratio vs Industry
How does FORA's PE Ratio compare vs other companies in the CA Interactive Media and Services Industry?
Price-To-Sales vs Industry: FORA is good value based on its Price-To-Sales Ratio (2.8x) compared to the Canadian Interactive Media and Services industry average (6.1x)
Price to Sales Ratio vs Fair Ratio
What is FORA's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||2.8x|
|Fair PS Ratio||2.3x|
Price-To-Sales vs Fair Ratio: FORA is expensive based on its Price-To-Sales Ratio (2.8x) compared to the estimated Fair Price-To-Sales Ratio (2.3x).
Share Price vs Fair Value
What is the Fair Price of FORA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: FORA (CA$13.31) is trading below our estimate of fair value (CA$70.69)
Significantly Below Fair Value: FORA is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is VerticalScope Holdings 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: FORA is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).
Earnings vs Market: FORA is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: FORA is expected to become profitable in the next 3 years.
Revenue vs Market: FORA's revenue (12.8% per year) is forecast to grow faster than the Canadian market (6.5% per year).
High Growth Revenue: FORA's revenue (12.8% 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 FORA's Return on Equity is forecast to be high in 3 years time
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How has VerticalScope Holdings 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: FORA is currently unprofitable.
Growing Profit Margin: FORA is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: FORA is unprofitable, and losses have increased over the past 5 years at a rate of 36.4% per year.
Accelerating Growth: Unable to compare FORA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FORA is unprofitable, making it difficult to compare its past year earnings growth to the Interactive Media and Services industry (2.5%).
Return on Equity
High ROE: FORA has a negative Return on Equity (-33.11%), as it is currently unprofitable.
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How is VerticalScope Holdings's financial position?
Financial Health Score1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: FORA's short term assets ($28.2M) do not cover its short term liabilities ($29.9M).
Long Term Liabilities: FORA's short term assets ($28.2M) do not cover its long term liabilities ($82.5M).
Debt to Equity History and Analysis
Debt Level: FORA's net debt to equity ratio (65.3%) is considered high.
Reducing Debt: Insufficient data to determine if FORA's debt to equity ratio has reduced over 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.
Stable Cash Runway: FORA has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if FORA has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
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What is VerticalScope Holdings's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FORA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FORA'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 FORA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FORA'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 FORA 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
Rob Laidlaw (39 yo)
Mr. Robert Laidlaw, also known as Rob, Co-founded VerticalScope, Inc. in 1999 and serves as its Chief Executive Officer and was its Chairman until 2021. Mr. Laidlaw is Founder of VerticalScope Holdings Inc...
CEO Compensation Analysis
Compensation vs Market: Rob's total compensation ($USD859.47K) is about average for companies of similar size in the Canadian market ($USD747.35K).
Compensation vs Earnings: Insufficient data to compare Rob's compensation with company performance.
Experienced Management: FORA's management team is considered experienced (3.6 years average tenure).
Experienced Board: FORA's board of directors are not considered experienced ( 1.2 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: FORA 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 3.3%.
VerticalScope Holdings Inc.'s employee growth, exchange listings and data sources
- Name: VerticalScope Holdings Inc.
- Ticker: FORA
- Exchange: TSX
- Founded: 1999
- Industry: Interactive Media and Services
- Sector: Media
- Implied Market Cap: CA$295.497m
- Shares outstanding: 21.32m
- Website: https://www.verticalscope.com
Number of Employees
- VerticalScope Holdings Inc.
- 111 Peter Street
- Suite 600
- M5V 2H1
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/17 00:00|
|End of Day Share Price||2022/08/17 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.