CNSX:VAI

Stock Analysis Report

VirtualArmour International

Executive Summary

VirtualArmour International Inc., an information technology company, provides network and cybersecurity products and solutions to enterprise and service provider markets in the United States and internationally.

Snowflake

Fundamentals

Imperfect balance sheet with weak fundamentals.

Share Price & News

How has VirtualArmour International's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

n/a

VAI

-1.5%

CA IT

-0.2%

CA Market


1 Year Return

-68.0%

VAI

25.6%

CA IT

1.1%

CA Market

Return vs Industry: VAI underperformed the Canadian IT industry which returned 25.6% over the past year.

Return vs Market: VAI underperformed the Canadian Market which returned 1.1% over the past year.


Shareholder returns

VAIIndustryMarket
7 Dayn/a-1.5%-0.2%
30 Day-20.0%-2.5%-3.3%
90 Day-33.3%-1.5%-1.6%
1 Year-68.0%-68.0%25.6%25.6%4.6%1.1%
3 Year-83.7%-83.7%60.9%60.7%13.1%3.1%
5 Yearn/a167.0%165.9%24.7%6.7%

Price Volatility Vs. Market

How volatile is VirtualArmour International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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


In this section, we usually try to help investors determine whether VirtualArmour International is trading at an attractive price based on the cash flow it is expected to produce in the future. But as VirtualArmour International has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of VAI’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through VirtualArmour International regulatory filings.
  • Explore potentially undervalued companies in the Software industry.

Future Growth

How is VirtualArmour International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.9%

Forecasted Software industry annual growth in earnings


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 VirtualArmour International 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has VirtualArmour International performed over the past 5 years?

14.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: VAI is unprofitable, but has reduced losses over the past 5 years at a rate of 14.8% per year.

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

Earnings vs Industry: VAI is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (12.7%).


Return on Equity

High ROE: VAI's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets

ROA vs Industry: VAI is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: VAI is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is VirtualArmour International's financial position?


Financial Position Analysis

Short Term Liabilities: VAI has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: VAI has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: VAI has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: VAI's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: VAI has a low level of unsold assets or inventory.

Debt Coverage by Assets: VAI has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


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 VAI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: VAI is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 19.6% per year.


Next Steps

Dividend

What is VirtualArmour International's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage1.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate VAI's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if VAI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if VAI'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 VAI's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

What is the CEO of VirtualArmour International's salary, the management and board of directors tenure and is there insider trading?

1.4yrs

Average management tenure


CEO

Russ Armbrust 0

1.4yrs

Tenure

US$1,248,109

Compensation

Mr. Russ Armbrust has been the Chief Executive Officer at Virtualarmor International Inc. since May 22, 2018 and served as its a Vice President of Sales from January 3, 2017 to May 2018. Mr. Armbrust serv ...


CEO Compensation Analysis

Compensation vs. Market: Russ's total compensation ($USD0.00) is too low to compare against companies of similar size in the Canadian market ($USD122.22K).

Compensation vs Earnings: Insufficient data to compare Russ's compensation with company performance.


Management Age and Tenure

1.4yrs

Average Tenure

45.5yo

Average Age

Experienced Management: VAI's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Age and Tenure

4.3yrs

Average Tenure

58yo

Average Age

Experienced Board: VAI's board of directors are considered experienced (4.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Mike Panec

    Chief Financial Officer

    • Tenure: 1.3yrs
  • Christopher Blisard (52yo)

    Co-Founder

    • Tenure: 4.6yrs
  • Todd Kannegieter (58yo)

    Co-Founder

    • Tenure: 4.6yrs
    • Compensation: US$96.00k
  • Andrew Douthwaite (39yo)

    Chief Technology Officer

    • Tenure: 1.4yrs
    • Compensation: US$212.56k
  • Chad Schamberger (37yo)

    Vice President of Engineering

    • Tenure: 0yrs
    • Compensation: US$225.99k
  • Russ Armbrust

    Chief Executive Officer

    • Tenure: 1.4yrs
    • Compensation: US$1.25m

Board Members

  • Christopher Blisard (52yo)

    Co-Founder

    • Tenure: 4.6yrs
  • Todd Kannegieter (58yo)

    Co-Founder

    • Tenure: 4.6yrs
    • Compensation: US$96.00k
  • Ryan McKinney (44yo)

    Director

    • Tenure: 4.3yrs
  • James Engstrom (60yo)

    Director

    • Tenure: 4.3yrs
  • Robert Morrison (61yo)

    Director

    • Tenure: 4.3yrs

Company Information

VirtualArmour International Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: VirtualArmour International Inc.
  • Ticker: VAI
  • Exchange: CNSX
  • Founded:
  • Industry: Internet Services and Infrastructure
  • Sector: Software
  • Market Cap: €2.544m
  • Listing Market Cap: €3.722m
  • Shares outstanding: 63.60m
  • Website: https://www.virtualarmour.com

Number of Employees


Location

  • VirtualArmour International Inc.
  • 8085 South Chester Street
  • Suite 108
  • Centennial
  • Colorado
  • 80112
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VAICNSX (Canadian National Stock Exchange)YesCommon SharesCACADNov 2015
3V3DB (Deutsche Boerse AG)YesCommon SharesDEEURNov 2015
VTLROTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 2015

Biography

VirtualArmour International Inc., an information technology company, provides network and cybersecurity products and solutions to enterprise and service provider markets in the United States and internatio ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 00:42
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.