ISE:6VR

Stock Analysis Report

VR Education Holdings

Executive Summary

VR Education Holdings Plc, through its subsidiary Immersive VR Education Limited, operates as a virtual/augmented reality software company in education and simulated training sector worldwide.


Snowflake Analysis

Adequate balance sheet with limited growth.

Share Price & News

How has VR Education Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 6VR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

6VR

-2.6%

IE Software

-2.6%

IE Market


1 Year Return

-60.0%

6VR

-8.6%

IE Software

-25.5%

IE Market

Return vs Industry: 6VR underperformed the Irish Software industry which returned -8.6% over the past year.

Return vs Market: 6VR underperformed the Irish Market which returned -25.5% over the past year.


Shareholder returns

6VRIndustryMarket
7 Day0%-2.6%-2.6%
30 Day-40.0%-11.8%-22.8%
90 Day-42.9%-18.6%-32.8%
1 Year-60.0%-60.0%-6.8%-8.6%-24.2%-25.5%
3 Yearn/a14.2%7.7%-13.0%-17.3%
5 Yearn/a58.8%45.7%4.3%-4.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is VR Education Holdings undervalued compared to its fair value and its price relative to the market?

3.27x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 6VR's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 6VR's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 6VR is unprofitable, so we can't compare its PE Ratio to the Software industry average.

PE vs Market: 6VR is unprofitable, so we can't compare its PE Ratio to the Irish market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 6VR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 6VR is overvalued based on its PB Ratio (3.3x) compared to the XE Software industry average (2.6x).


Next Steps

Future Growth

How is VR Education Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

45.1%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 6VR's forecast earnings growth is above the savings rate (0.06%).

Earnings vs Market: Insufficient data to determine if 6VR's earnings are forecast to grow faster than the Irish market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 6VR's revenue (45.1% per year) is forecast to grow faster than the Irish market (4% per year).

High Growth Revenue: 6VR's revenue (45.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 6VR's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has VR Education Holdings performed over the past 5 years?

-56.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6VR is currently unprofitable.

Growing Profit Margin: 6VR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 6VR is unprofitable, and losses have increased over the past 5 years at a rate of -56% per year.

Accelerating Growth: Unable to compare 6VR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 6VR is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (7.5%).


Return on Equity

High ROE: 6VR has a negative Return on Equity (-56.07%), as it is currently unprofitable.


Next Steps

Financial Health

How is VR Education Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 6VR's short term assets (€2.5M) exceed its short term liabilities (€282.2K).

Long Term Liabilities: 6VR's short term assets (€2.5M) exceed its long term liabilities (€44.5K).


Debt to Equity History and Analysis

Debt Level: 6VR is debt free.

Reducing Debt: 6VR had no debt 5 years ago.


Balance Sheet

Inventory Level: 6VR has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 6VR'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 6VR has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 6VR has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is VR Education Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 6VR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 6VR'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 6VR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 6VR'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 6VR's dividend in 3 years as they are not forecast to pay a notable one for the Irish market.


Next Steps

Management

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

2.4yrs

Average board tenure


CEO

David Whelan (38yo)

no data

Tenure

€116,198

Compensation

Mr. David Patrick Whelan is the Founder and serves as Chief Executive Officer of VR Education Holdings Plc. He served Editor-in-chief of Virtual Reality Reviewer from February 2014 to January, 2016. He is  ...


Board Members

NamePositionTenureCompensationOwnership
David Whelan
CEO & Executive Directorno data€116.20k20% 2.3m
Séamus Larrissey
CFO & Executive Director2.42yrs€94.11k0.046% 5.3k
Sandra Whelan
COO, Secretary & Executive Director2.5yrs€87.91k20% 2.3m
Richard Cooper
Non-Executive Chairman2.42yrs€109.99k0.55% 64.2k
Antony Hanway
Independent Non-Executive Director2.17yrs€23.81k0.052% 6.0k
Michael Boyce
Non-Executive Director2.17yrs€37.14k0.26% 30.0k

2.4yrs

Average Tenure

42yo

Average Age

Experienced Board: 6VR's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

VR Education Holdings Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: VR Education Holdings Plc
  • Ticker: 6VR
  • Exchange: ISE
  • Founded: 2017
  • Industry: Application Software
  • Sector: Software
  • Market Cap: €11.588m
  • Shares outstanding: 193.14m
  • Website: https://www.vreducationholdings.com

Number of Employees


Location

  • VR Education Holdings Plc
  • Cleaboy Business Park
  • Unit 9
  • Waterford
  • X91 AX83
  • Ireland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6VRISE (Irish Stock Exchange)YesOrdinary SharesIEEURMar 2018
VREAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPMar 2018

Biography

VR Education Holdings Plc, through its subsidiary Immersive VR Education Limited, operates as a virtual/augmented reality software company in education and simulated training sector worldwide. The company offers ENGAGE, a social education and presentation platform that provides educators and corporate trainers the tools they need to create their own content in virtual classrooms or virtual training environments. Its products also include 1943: Berlin Blitz a VR education based on Second World War; Titanic VR, a solution that allows users to explore the shipwreck of RMS Titanic; Apollo 11 HD, a documentary on the events of 1969; RCSI medical training simulator designed for medical professionals and trainees, where users experience and simulate a traumatic scenario following a road traffic accident and work through the critical decisions; and Raid on the Ruhr game application. VR Education Holdings Plc was incorporated in 2017 and is based in Waterford, Ireland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/07 00:58
End of Day Share Price2020/03/30 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.