DB:VRL

Stock Analysis Report

Black Pearl Digital

Executive Summary

Black Pearl Digital AG provides software development and consulting services for the blockchain industry.

Risk Analysis

Makes less than USD$1m in revenue (€12K)

Does not have a meaningful market cap (€1M)

Currently unprofitable and not forecast to become profitable over the next 3 years

Shareholders have been diluted in the past year



Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

How has Black Pearl Digital's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VRL has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.6%

VRL

3.4%

DE Software

2.0%

DE Market


1 Year Return

-44.8%

VRL

36.1%

DE Software

15.1%

DE Market

Return vs Industry: VRL underperformed the German Software industry which returned 35.8% over the past year.

Return vs Market: VRL underperformed the German Market which returned 15% over the past year.


Shareholder returns

VRLIndustryMarket
7 Day-1.6%3.4%2.0%
30 Day0.5%1.6%1.0%
90 Day-4.6%5.2%3.8%
1 Year-44.8%-44.8%37.9%36.1%18.6%15.1%
3 Yearn/a58.1%51.8%16.8%6.6%
5 Yearn/a130.4%114.0%23.7%6.7%

Price Volatility Vs. Market

How volatile is Black Pearl Digital's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Black Pearl Digital undervalued compared to its fair value and its price relative to the market?

1.11x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate VRL's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate VRL's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: VRL is unprofitable, so we can't compare its PE Ratio to the Software industry average.

PE vs Market: VRL is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate VRL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: VRL is good value based on its PB Ratio (1.1x) compared to the DE Software industry average (3.2x).


Next Steps

Future Growth

How is Black Pearl Digital forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.5%

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 Black Pearl Digital 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 Black Pearl Digital performed over the past 5 years?

-1101.5%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: VRL is currently unprofitable.

Growing Profit Margin: VRL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if VRL's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: VRL is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (14.6%).


Return on Equity

High ROE: VRL has a negative Return on Equity (-36.75%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Black Pearl Digital's financial position?


Financial Position Analysis

Short Term Liabilities: VRL's short term assets (€1.2M) exceed its short term liabilities (€6.4K).

Long Term Liabilities: VRL's short term assets (€1.2M) exceed its long term liabilities (€500.0).


Debt to Equity History and Analysis

Debt Level: VRL is debt free.

Reducing Debt: VRL has not had any debt for past 5 years.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if VRL's debt is 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: Insufficient data to determine if VRL has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if VRL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Black Pearl Digital's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.3%markettop25%3.6%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

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


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Black Pearl Digital has no CEO, or we have no data on them.


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 31.5%.


Top Shareholders

Company Information

Black Pearl Digital AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Black Pearl Digital AG
  • Ticker: VRL
  • Exchange: DB
  • Founded:
  • Industry: Application Software
  • Sector: Software
  • Market Cap: €1.367m
  • Shares outstanding: 361.64k
  • Website: https://www.blackpearl.digital

Number of Employees


Location

  • Black Pearl Digital AG
  • Dessauerstrasse 6
  • Munich
  • Bavaria
  • 80992
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VRLXTRA (XETRA Trading Platform)YesBearer SharesDEEURJan 2017
VRLDB (Deutsche Boerse AG)YesBearer SharesDEEURJan 2017

Biography

Black Pearl Digital AG provides software development and consulting services for the blockchain industry. It offers ICO and STO management services and blockchain workshop services. The company also provides SecurePearl Wallet, a cryptocurrency wallet that enables asset managers to buy, sell, and store various digital assets and cryptocurrencies. In addition, it offers consulting and financing services for high-growth enterprises in an early stage of its corporate development cycle. The company was formerly known as Victoria Real AG and changed its name to Black Pearl Digital AG in March 2018. Black Pearl Digital AG is based in Munich, Germany. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 22:55
End of Day Share Price2020/02/17 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.