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Valmec

DB:VA4
Snowflake Description

Very undervalued with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VA4
DB
A$27M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Valmec Limited, a diversified energy and infrastructure services company, provides equipment, construction, commissioning, and maintenance services to the oil and gas, resources, and infrastructure sectors in Australia. The last earnings update was 27 days ago. More info.


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VA4 Share Price and Events
7 Day Returns
3.2%
DB:VA4
5.6%
Europe Energy Services
1.8%
DE Market
1 Year Returns
-
DB:VA4
-9.1%
Europe Energy Services
-8.9%
DE Market
VA4 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Valmec (VA4) 3.2% 7.4% -5.8% - - -
Europe Energy Services 5.6% 4.7% 19.7% -9.1% -30.7% -81.5%
DE Market 1.8% 2.7% 7.2% -8.9% 9.3% 11.7%
1 Year Return vs Industry and Market
  • No trading data on VA4.
  • No trading data on VA4.
Price Volatility
VA4
Industry
5yr Volatility vs Market

VA4 Value

 Is Valmec 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 Valmec 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    Our intrinsic value calculation method has changed recently, learn more here.

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

DB:VA4 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:VA4
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.039 (1 + (1- 30%) (24.98%))
1.148
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.148 * 5.96%)
7.07%

Discounted Cash Flow Calculation for DB:VA4 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Valmec 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.

DB:VA4 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 7.07%)
2019 3.60 Analyst x1 3.36
2020 5.80 Analyst x1 5.06
2021 9.17 Est @ 58.07% 7.47
2022 12.90 Est @ 40.72% 9.82
2023 16.59 Est @ 28.57% 11.79
2024 19.91 Est @ 20.07% 13.22
2025 22.73 Est @ 14.12% 14.09
2026 24.99 Est @ 9.95% 14.47
2027 26.74 Est @ 7.03% 14.46
2028 28.08 Est @ 4.99% 14.18
Present value of next 10 years cash flows A$107.91
DB:VA4 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$28.08 × (1 + 0.23%) ÷ (7.07% – 0.23%)
A$411.32
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$411.32 ÷ (1 + 7.07%)10
A$207.73
DB:VA4 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$107.91 + A$207.73
A$315.63
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$315.63 / 125.72
A$1.52
DB:VA4 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:VA4 represents 0.60465x of ASX:VMX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.60465x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 2.51 x 0.60465
€1.52
Value per share (EUR) From above. €1.52
Current discount Discount to share price of €0.13
= -1 x (€0.13 - €1.52) / €1.52
91.4%

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

Current Discount
Amount off the current price Valmec is available for.
Intrinsic value
>50%
Share price is €0.13 vs Future cash flow value of €1.52
Current Discount Checks
For Valmec to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Valmec's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Valmec's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Valmec's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Valmec's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:VA4 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.03
ASX:VMX Share Price ** ASX (2019-03-18) in AUD A$0.22
Europe Energy Services Industry PE Ratio Median Figure of 27 Publicly-Listed Energy Services Companies 18.79x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 19.52x

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

** Primary Listing of Valmec.

DB:VA4 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:VMX Share Price ÷ EPS (both in AUD)

= 0.22 ÷ 0.03

7.5x

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

  • Valmec is good value based on earnings compared to the Europe Energy Services industry average.
  • Valmec is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Valmec's expected growth come at a high price?
Raw Data
DB:VA4 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
30.9%per year
Europe Energy Services Industry PEG Ratio Median Figure of 20 Publicly-Listed Energy Services Companies 0.89x
Germany Market PEG Ratio Median Figure of 275 Publicly-Listed Companies 1.42x

*Line of best fit is calculated by linear regression .

DB:VA4 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.5x ÷ 30.9%

0.24x

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

  • Valmec is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Valmec's assets?
Raw Data
DB:VA4 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.22
ASX:VMX Share Price * ASX (2019-03-18) in AUD A$0.22
Europe Energy Services Industry PB Ratio Median Figure of 64 Publicly-Listed Energy Services Companies 0.99x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.76x
DB:VA4 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:VMX Share Price ÷ Book Value per Share (both in AUD)

= 0.22 ÷ 0.22

0.98x

* Primary Listing of Valmec.

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

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

VA4 Future Performance

 How is Valmec expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
30.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Valmec expected to grow at an attractive rate?
  • Valmec's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Valmec's earnings growth is expected to exceed the Germany market average.
  • Valmec's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:VA4 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:VA4 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 30.9%
DB:VA4 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 20.4%
Europe Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 31.9%
Europe Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 7.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*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
DB:VA4 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:VA4 Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-06-30 135 7 5 1
2019-06-30 107 4 4 1
DB:VA4 Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 101 -7 3
2018-09-30 102 -5 4
2018-06-30 103 -3 4
2018-03-31 98 -2 3
2017-12-31 93 -2 3
2017-09-30 83 0 2
2017-06-30 73 1 2
2017-03-31 63 1 1
2016-12-31 54 1 0
2016-09-30 52 0 0
2016-06-30 51 -1 0
2016-03-31 51 1 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Valmec's earnings are expected to grow significantly at over 20% yearly.
  • Valmec's revenue is expected to grow significantly at over 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
DB:VA4 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Valmec Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:VA4 Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-06-30 0.04 0.04 0.04 1.00
2019-06-30 0.03 0.03 0.03 1.00
DB:VA4 Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.03
2018-09-30 0.03
2018-06-30 0.04
2018-03-31 0.04
2017-12-31 0.04
2017-09-30 0.03
2017-06-30 0.02
2017-03-31 0.01
2016-12-31 0.00
2016-09-30 0.00
2016-06-30 0.00
2016-03-31 0.01

*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 Valmec will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Valmec'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Valmec has a total score of 5/6, 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.

VA4 Past Performance

  How has Valmec 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 Valmec's growth in the last year to its industry (Energy 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.
  • Valmec's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Valmec's 1-year earnings growth exceeds its 5-year average (13.2% vs -20.7%)
  • Valmec's earnings growth has exceeded the Europe Energy Services industry average in the past year (13.2% vs -35.1%).
Earnings and Revenue History
Valmec'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 Valmec Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:VA4 Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 100.89 3.50 9.54
2018-09-30 102.05 3.64 8.95
2018-06-30 103.20 3.78 8.37
2018-03-31 97.96 3.43 7.91
2017-12-31 92.72 3.09 7.45
2017-09-30 82.81 2.32 7.03
2017-06-30 72.90 1.55 6.60
2017-03-31 63.33 0.73 6.19
2016-12-31 53.77 -0.08 5.77
2016-09-30 52.29 0.05 6.25
2016-06-30 50.81 0.19 6.73
2016-03-31 50.89 1.21 7.16
2015-12-31 50.97 2.23 7.60
2015-09-30 50.71 3.99 6.99
2015-06-30 50.45 5.75 6.39
2015-03-31 51.66 7.18 5.79
2014-12-31 52.88 8.60 5.20
2014-09-30 51.49 6.83 4.81
2014-06-30 50.11 5.05 4.42
2014-03-31 42.27 2.72 3.18
2013-06-30 28.42 0.60 3.65
2012-06-30 18.35 0.11 3.29

*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.
  • Valmec has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Valmec used its assets more efficiently than the Europe Energy Services industry average last year based on Return on Assets.
  • Valmec has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Valmec'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 Energy 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.
Valmec has a total score of 4/6, 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.

VA4 Health

 How is Valmec'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 Valmec's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Valmec is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Valmec's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Valmec'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 covered by short term assets, assets are 5x 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 Valmec Company Filings, last reported 2 months ago.

DB:VA4 Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 27.38 6.75 2.08
2018-09-30 27.38 6.75 2.08
2018-06-30 31.49 9.68 2.75
2018-03-31 31.49 9.68 2.75
2017-12-31 18.82 7.04 2.16
2017-09-30 18.82 7.04 2.16
2017-06-30 17.21 9.99 2.33
2017-03-31 17.21 9.99 2.33
2016-12-31 15.72 4.60 0.74
2016-09-30 15.72 4.60 0.74
2016-06-30 15.57 8.74 0.63
2016-03-31 15.57 8.74 0.63
2015-12-31 15.70 5.63 1.82
2015-09-30 15.70 5.63 1.82
2015-06-30 15.69 6.88 2.95
2015-03-31 15.69 6.88 2.95
2014-12-31 14.16 7.82 2.49
2014-09-30 14.16 7.82 2.49
2014-06-30 8.46 7.76 3.52
2014-03-31 8.46 7.76 3.52
2013-06-30 0.50 4.65 1.55
2012-06-30 1.74 7.60 3.59
  • Valmec's level of debt (24.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (114.8% vs 24.7% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Valmec'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. Valmec has a total score of 4/6, 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.

VA4 Dividends

 What is Valmec'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 Valmec dividends. Estimated to be 0% next year.
If you bought €2,000 of Valmec shares you are expected to receive €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 Valmec's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Valmec'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
DB:VA4 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 1 Analyst Estimates (S&P Global) See Below
Europe Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:VA4 Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2020-06-30 0.00 1.00
2019-06-30 0.00 1.00
DB:VA4 Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2018-02-13 0.000 0.000
2017-08-22 0.000 0.000
2016-09-01 0.005 3.823
2016-02-26 0.010 7.534
2015-08-27 0.010 6.954
2015-02-26 0.010 5.270

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

  • Unable to perform a dividend volatility check as Valmec has not reported any payouts.
  • Unable to verify if Valmec's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Valmec's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Valmec has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Valmec's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Valmec's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Valmec afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Valmec 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.

VA4 Management

 What is the CEO of Valmec'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
Steve Dropulich
COMPENSATION A$477,255
TENURE AS CEO 6.1 years
CEO Bio

Mr. Steve Dropulich has been Managing Director of Valmec Limited since February 2013. Mr. Dropulich served as Vice President and Managing Director at Enerflex AustralAsia Holdings Pty. Ltd. Mr. Dropulich served as Vice President and Managing Director for AustralAsia of Enerflex Systems Income Fund. He was responsible for the day-to-day operations of Enerflex's business units in Australia, which provide specialised engineering, fabrication, construction, project management and service maintenance for both the oil & natural gas industry and environmental air pollutant industries. Previously, Mr. Dropulich served as Group General Manager of Finance & Administration with Enerflex Australasia Holdings. Mr. Dropulich joined Enerflex upon completion of the acquisition of HPS Group, where he held various roles for over 12 years. Mr. Dropulich serves as a Director at Valmec Limited. Mr. Dropulich holds a Bachelor of Business degree in Accounting from Curtin University in Western Australia and is a member of the Institute of Chartered Accountants in Australia.

CEO Compensation
  • Steve's compensation has been consistent with company performance over the past year.
  • Steve's remuneration is about average for companies of similar size in Germany.
Management Team

Steve Dropulich

TITLE
MD & Director
COMPENSATION
A$477K
TENURE
6.1 yrs

Harry Singh

TITLE
Company Secretary & CFO
COMPENSATION
A$318K
TENURE
7 yrs
Board of Directors Tenure

Average tenure of the Valmec board of directors in years:

3.4
Average Tenure
  • The tenure for the Valmec board of directors is about average.
Board of Directors

Stephen Zurhaar

TITLE
Non-Executive Chairman
COMPENSATION
A$60K
TENURE
7.1 yrs

Steve Dropulich

TITLE
MD & Director
COMPENSATION
A$477K

Peter Iancov

TITLE
Non-Executive Director
COMPENSATION
A$120K
AGE
52
TENURE
3.4 yrs

Vince Goss

TITLE
Non-Executive Director
COMPENSATION
A$140K

Stephen Lazarakis

TITLE
Non-Executive Director
COMPENSATION
A$71K
TENURE
2.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Valmec insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
04. Mar 19 Buy Steve Dropulich Individual 26. Feb 19 26. Feb 19 50,000 €0.16 €8,213
28. Dec 18 Buy Steve Dropulich Individual 24. Dec 18 24. Dec 18 50,000 €0.16 €8,036
29. Nov 18 Buy Steve Dropulich Individual 27. Nov 18 27. Nov 18 50,000 €0.16 €7,992
19. Oct 18 Buy Steve Dropulich Individual 17. Oct 18 17. Oct 18 50,000 €0.17 €8,339
25. Sep 18 Buy Peter Iancov Individual 24. Sep 18 24. Sep 18 62,628 €0.17 €10,425
14. Sep 18 Buy Peter Iancov Individual 13. Sep 18 13. Sep 18 37,372 €0.17 €6,213
12. Sep 18 Buy Stephen Lazarakis Individual 12. Sep 18 12. Sep 18 200,000 €0.17 €34,523
10. Sep 18 Buy Stephen Zurhaar Individual 10. Sep 18 10. Sep 18 318,749 €0.17 €54,756
09. Sep 18 Buy Stephen Lazarakis Individual 10. Sep 18 10. Sep 18 334,000 €0.18 €59,854
04. Sep 18 Buy Steve Dropulich Individual 31. Aug 18 31. Aug 18 150,000 €0.17 €26,247
28. Aug 18 Buy Core Equities Pty Ltd Company 28. Aug 18 28. Aug 18 381,680 €0.17 €64,574
28. Aug 18 Buy Stephen Zurhaar Individual 28. Aug 18 28. Aug 18 260,000 €0.17 €43,988
14. Aug 18 Sell Pie Funds Management Ltd Company 17. Jan 18 13. Aug 18 -1,523,580 €0.25 €-388,466
21. Jun 18 Buy Steve Dropulich Individual 18. Jun 18 18. Jun 18 35,000 €0.20 €7,158
13. Jun 18 Buy Peter Iancov Individual 08. Jun 18 08. Jun 18 200,000 €0.19 €37,469
08. Jun 18 Buy Stephen Zurhaar Individual 08. Jun 18 08. Jun 18 86,698 €0.20 €17,056
X
Management checks
We assess Valmec'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. Valmec 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.

VA4 News

Simply Wall St News

VA4 Company Info

Description

Valmec Limited, a diversified energy and infrastructure services company, provides equipment, construction, commissioning, and maintenance services to the oil and gas, resources, and infrastructure sectors in Australia. Its services include gas compression and processing; process services engineering, procurement, and construction; infrastructure service construction; petrochemical and mining fabrication; electrical and underground services; civil and earthworks solutions; asset preservation, service, and maintenance; and asset integrity and inspection services. The company is headquartered in Kewdale, Australia.

Details
Name: Valmec Limited
VA4
Exchange: DB
Founded:
A$16,924,866
125,718,708
Website: http://www.valmec.com.au
Address: Valmec Limited
17 Ballantyne Road,
Kewdale,
Western Australia, 6105,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX VMX Ordinary Shares Australian Securities Exchange AU AUD 14. Jan 2014
DB VA4 Ordinary Shares Deutsche Boerse AG DE EUR 14. Jan 2014
CHIA VMX Ordinary Shares Chi-X Australia AU AUD 14. Jan 2014
Number of employees
Current staff
Staff numbers
0
Valmec employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 21:36
End of day share price update: 2019/03/18 00:00
Last estimates confirmation: 2019/02/22
Last earnings filing: 2019/02/19
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.