DB:VSL

Stock Analysis Report

Executive Summary

DigitalX Limited develops software products in Australia.

Snowflake

Fundamentals

Flawless balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

42.1%

VSL

9.2%

DE Software

2.8%

DE Market


1 Year Return

-59.4%

VSL

16.7%

DE Software

2.9%

DE Market

Return vs Industry: VSL underperformed the German Software industry which returned 16.7% over the past year.

Return vs Market: VSL underperformed the German Market which returned 2.9% over the past year.


Share holder returns

VSLIndustryMarket
7 Day42.1%9.2%2.8%
30 Day-1.0%6.7%-0.2%
90 Day-21.0%-5.1%0.9%
1 Year-59.4%-59.4%18.4%16.7%6.2%2.9%
3 Yearn/a54.6%48.4%18.2%8.0%
5 Yearn/a136.3%119.5%43.1%23.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is DigitalX undervalued based on future cash flows and its price relative to the stock market?

0.91x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: Insufficient data to calculate VSL's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate VSL's fair value to establish if it is undervalued.


Price Based on Earnings

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

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


Price Based on Expected Growth

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


Price Based on Value of Assets

PB vs Industry: VSL is good value based on its PB Ratio (0.9x) compared to the DE Software industry average (3x).


Next Steps

Future Growth

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

26.1%

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 DigitalX 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 DigitalX performed over the past 5 years?

32.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: VSL is unprofitable, but has reduced losses over the past 5 years at a rate of 32.8% per year.

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

Earnings vs Industry: VSL is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (14.5%).


Return on Equity

High ROE: VSL has a negative Return on Equity (-20.38%), as it is currently unprofitable.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is DigitalX's financial position?


Financial Position Analysis

Short Term Liabilities: VSL's short term assets ($12.5M) exceeds its short term liabilities ($1.2M)

Long Term Liabilities: VSL has no long term liabilities


Debt to Equity History and Analysis

Debt Level: VSL is debt free.

Reducing Debt: VSL had no debt 5 years ago.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if VSL'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: VSL has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: VSL has sufficient cash runway for 2.321440 years if free cash flow continues to grow at historical rates of 42.7% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.9%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

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

High Dividend: Unable to evaluate VSL'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 VSL's dividends per share have been stable in the past.

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


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

Leigh Travers 0

2.8yrs

Tenure

US$918,162

Compensation

Mr. Leigh Daniel Travers serves as Executive Director of DigitalX Limited since November 28, 2017 and has been its Managing Director. Mr. Travers has been the Chief Executive Officer of DigitalX Limited si ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Leigh's total compensation is reasonable compared to companies of similar size in the German market.

Compensation vs Earnings: Leigh's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

2.8yrs

Average Tenure

Experienced Management: VSL's management team is considered experienced (2.8 years average tenure).


Board Age and Tenure

1.9yrs

Average Tenure

Experienced Board: VSL's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: VSL insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$36,89511 Sep 19
Peter Rubinstein
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares2,200,000
Max PriceUS$0.017
BuyUS$8,98306 Sep 19
Leigh Travers
EntityIndividual
Role
Chief Executive Officer
MD, CEO & Executive Director
Shares538,889
Max PriceUS$0.017
BuyUS$86,11328 Jul 19
Leigh Travers
EntityIndividual
Role
Chief Executive Officer
MD, CEO & Executive Director
Shares2,561,111
Max PriceUS$0.034
SellUS$86,11328 Jul 19
Leigh Travers
EntityIndividual
Role
Chief Executive Officer
MD, CEO & Executive Director
Shares2,561,111
Max PriceUS$0.034

Ownership Breakdown


Management Team

  • Brett Mitchell (46yo)

    Corporate Advisor

    • Tenure: 3.3yrs
    • Compensation: US$2.25k
  • Shannon Coates

    Company Secretary

    • Tenure: 2.8yrs
  • Neel Krishnan

    President

    • Tenure: 2.9yrs
    • Compensation: US$250.62k
  • Leigh Travers

    MD, CEO & Executive Director

    • Tenure: 2.8yrs
    • Compensation: US$918.16k
  • Mike Segal

    Chief Technology Officer

    • Tenure: 0yrs
  • Scott Benson

    Head of Compliance

    • Tenure: 0.4yrs
  • David Beros

    Head of Product

    • Tenure: 1.5yrs
  • Jonathon Carley

    Head of Finance

    • Tenure: 0.3yrs

Board Members

  • Toby Hicks

    Non-Executive Chairman

    • Tenure: 0.3yrs
    • Compensation: US$41.91k
  • Leigh Travers

    MD, CEO & Executive Director

    • Tenure: 2.8yrs
    • Compensation: US$918.16k
  • Peter Rubinstein

    Non-Executive Director

    • Tenure: 2.1yrs
    • Compensation: US$25.63k

Company Information

DigitalX Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: DigitalX Limited
  • Ticker: VSL
  • Exchange: DB
  • Founded: 1988
  • Industry: Application Software
  • Sector: Software
  • Market Cap: AU$16.098m
  • Listing Market Cap: AU$9.919m
  • Shares outstanding: 596.22m
  • Website: https://www.digitalx.com

Location

  • DigitalX Limited
  • Blockchain Centre
  • Suite 1, Level 2
  • Perth
  • Western Australia
  • 6005
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DCCASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJun 2014
DCCCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJun 2014
VSLDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2014
VSLHMSE (Hamburg Stock Exchange)YesOrdinary SharesDEEURJun 2014
DGGX.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2014
VSLBST (Boerse-Stuttgart)YesOrdinary SharesDEEURJun 2014

Biography

DigitalX Limited develops software products in Australia. It provides corporate and investment advisory, tech due diligence and consulting, and marketing and promotional material services; and security and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/13 23:42
End of Day Share Price2019/10/08 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.

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