NZSE:VGL

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Vista Group International

Executive Summary

Vista Group International Limited engages in the development, sale, and support of software solutions to the film industry worldwide.


Snowflake Analysis

Excellent balance sheet and slightly overvalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

7.9%

VGL

4.4%

NZ Software

1.5%

NZ Market


1 Year Return

-74.0%

VGL

-59.5%

NZ Software

1.2%

NZ Market

Return vs Industry: VGL underperformed the NZ Software industry which returned -59.5% over the past year.

Return vs Market: VGL underperformed the NZ Market which returned 1.2% over the past year.


Shareholder returns

VGLIndustryMarket
7 Day7.9%4.4%1.5%
30 Day20.0%12.8%2.5%
90 Day-52.5%-35.9%-5.0%
1 Year-72.2%-74.0%-57.7%-59.5%5.3%1.2%
3 Year-46.7%-51.1%-21.8%-28.1%38.8%20.6%
5 Year-33.3%-39.4%-5.4%-13.8%85.5%42.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

23.07x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: VGL (NZ$1.5) is trading above our estimate of fair value (NZ$0.31)

Significantly Below Fair Value: VGL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: VGL is good value based on its PE Ratio (23.1x) compared to the Software industry average (31.9x).

PE vs Market: VGL is poor value based on its PE Ratio (23.1x) compared to the NZ market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: VGL is poor value based on its PEG Ratio (3.1x)


Price to Book Ratio

PB vs Industry: VGL is good value based on its PB Ratio (1.6x) compared to the NZ Software industry average (2.1x).


Next Steps

Future Growth

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

7.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VGL's forecast earnings growth (7.4% per year) is above the savings rate (2.6%).

Earnings vs Market: VGL's earnings (7.4% per year) are forecast to grow faster than the NZ market (6.1% per year).

High Growth Earnings: VGL's earnings are forecast to grow, but not significantly.

Revenue vs Market: VGL's revenue (3% per year) is forecast to grow slower than the NZ market (5% per year).

High Growth Revenue: VGL's revenue (3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VGL's Return on Equity is forecast to be low in 3 years time (7.3%).


Next Steps

Past Performance

How has Vista Group International performed over the past 5 years?

1.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VGL has high quality earnings.

Growing Profit Margin: VGL's current net profit margins (7.5%) are lower than last year (9.4%).


Past Earnings Growth Analysis

Earnings Trend: VGL's earnings have grown by 1.2% per year over the past 5 years.

Accelerating Growth: VGL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: VGL had negative earnings growth (-12.2%) over the past year, making it difficult to compare to the Software industry average (14.1%).


Return on Equity

High ROE: VGL's Return on Equity (7.8%) is considered low.


Next Steps

Financial Health

How is Vista Group International's financial position?


Financial Position Analysis

Short Term Liabilities: VGL's short term assets (NZ$77.7M) exceed its short term liabilities (NZ$44.5M).

Long Term Liabilities: VGL's short term assets (NZ$77.7M) exceed its long term liabilities (NZ$35.6M).


Debt to Equity History and Analysis

Debt Level: VGL's debt to equity ratio (7.2%) is considered satisfactory.

Reducing Debt: VGL's debt to equity ratio has increased from 6.6% to 7.2% over the past 5 years.

Debt Coverage: VGL's debt is well covered by operating cash flow (131.4%).

Interest Coverage: VGL's interest payments on its debt are well covered by EBIT (19.4x coverage).


Balance Sheet


Next Steps

Dividend

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

1.24%

Forecast Dividend Yield


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if VGL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: VGL is not paying a notable dividend for the NZ market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of VGL's dividend in 3 years as they are not forecast to pay a notable one for the NZ market.


Next Steps

Management

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

2.0yrs

Average management tenure


CEO

Kimbal Riley

2.08yrs

Tenure

Mr. Kimbal Harrison Riley serves as Group Chief Executive Officer of Vista Group International Ltd. since April 3, 2018. He was the Chief Executive Officer of Vista Entertainment Solutions Limited from Jul ...


Leadership Team

NamePositionTenureCompensationOwnership
Kirk Senior
Executive Chairmanno dataNZ$460.02kno data
Murray Holdaway
Founder16.75yrsNZ$292.68k0.99% NZ$3.4m
Brian Cadzow
Director of Commercial & Legal and Executive Director16.75yrsNZ$124.05k1.03% NZ$3.5m
Kimbal Riley
Group Chief Executive Officer2.08yrsno data0.48% NZ$1.6m
William Palmer
Co-Founder & Chief Executive of Movio Incno datano data0.26% NZ$900.8k
Steven Thompson
Founder3.83yrsno datano data
Matthew Cawte
Chief Financial Officer0.75yrno data0.052% NZ$177.6k
Kelvin Preston
General Counsel & Company Secretary1.33yrsno data0.010% NZ$34.5k
Evan Bateup
Chief People Officer2.75yrsno data0.0059% NZ$20.2k
Till Cussmann
Senior VP of Sales for EMEA & GM of Europe2yrsno datano data

2.0yrs

Average Tenure

Experienced Management: VGL's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kirk Senior
Executive Chairmanno dataNZ$460.02kno data
Murray Holdaway
Founder16.75yrsNZ$292.68k0.99% NZ$3.4m
Brian Cadzow
Director of Commercial & Legal and Executive Director16.75yrsNZ$124.05k1.03% NZ$3.5m
James Ogden
Independent Director5.92yrsNZ$95.00k0.23% NZ$784.5k
Cristiano Nicolli
Non-Executive Independent Director3.17yrsNZ$90.00k0.038% NZ$130.7k
Susan Peterson
Independent Director5.92yrsNZ$95.00k0.053% NZ$183.4k

5.9yrs

Average Tenure

Experienced Board: VGL's board of directors are considered experienced (5.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 37.5%.


Top Shareholders

Company Information

Vista Group International Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Vista Group International Limited
  • Ticker: VGL
  • Exchange: NZSE
  • Founded: 1996
  • Industry: Application Software
  • Sector: Software
  • Market Cap: NZ$342.922m
  • Shares outstanding: 228.61m
  • Website: https://www.vistagroup.co.nz

Number of Employees


Location

  • Vista Group International Limited
  • 60 Khyber Pass Road
  • Level 3
  • Auckland
  • 1023
  • New Zealand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VGLNZSE (New Zealand Stock Exchange)YesOrdinary SharesNZNZDAug 2014
VGLASX (Australian Securities Exchange)YesOrdinary SharesAUAUDAug 2014
VGLCHIA (Chi-X Australia)YesOrdinary SharesAUAUDAug 2014

Biography

Vista Group International Limited engages in the development, sale, and support of software solutions to the film industry worldwide. The company operates through four segments: Cinema, Movio, Additional Group Companies, and Early Stage Investments. It offers Vista Cinema, a cinema management software for cinema exhibitors in the large circuit market; and Veezi, a cloud-based software as a service cinema management software for cinema exhibitors in the small circuit market. The company also provides Movio, a cloud-based solution that maintains real-time data on customer transactions for cinema chains; MACCS, a multiple-module software that offers theatrical distribution, movie prints, and advertising services, as well as rights and royalties’ management services; and Cinema Intelligence, a business intelligence solution for forecasting, planning, and scheduling of movies. In addition, it offers Powster, a studio that provides creative services to the film and music industry, as well as creates products to help users engage with entertainment content; Flicks, a movie and cinema review and showtime guide site; Numero, box office tracking and reporting software for film distributors and cinemas; and movieXchange that connects the movie industry for distribution of movie media, tickets, and showtimes. Further, the company provides software licensing; Web platform development and licensing; and online loyalty data analytics and marketing services. Vista Group International Limited was founded in 1996 and is based in Auckland, New Zealand. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/30 10:50
End of Day Share Price2020/05/29 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.