NZSE:VGL

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Vista Group International

Executive Summary

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


Snowflake Analysis

Adequate balance sheet with reasonable growth potential.

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 is more volatile than 90% of NZ stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: VGL's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of NZ stocks.


Market Performance


7 Day Return

-3.9%

VGL

-3.3%

NZ Software

0.6%

NZ Market


1 Year Return

-53.9%

VGL

-30.0%

NZ Software

9.2%

NZ Market

Return vs Industry: VGL underperformed the NZ Software industry which returned -29.3% over the past year.

Return vs Market: VGL underperformed the NZ Market which returned 8.7% over the past year.


Shareholder returns

VGLIndustryMarket
7 Day-3.9%-3.3%0.6%
30 Day16.1%7.9%5.8%
90 Day-10.8%4.5%6.4%
1 Year-50.7%-53.9%-27.7%-30.0%13.2%9.2%
3 Year-30.1%-35.7%-5.9%-12.2%51.1%31.7%
5 Year-33.4%-39.5%29.4%18.6%105.3%56.2%

Long-Term 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?

2.28x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: VGL (NZ$1.73) is trading above our estimate of fair value (NZ$1.59)

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


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: VGL is good value based on its PB Ratio (2.3x) compared to the NZ Software industry average (8.9x).


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?

84.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VGL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.6%).

Earnings vs Market: VGL is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: VGL's is expected to become profitable in the next 3 years.

Revenue vs Market: VGL's revenue (19.6% per year) is forecast to grow faster than the NZ market (5.6% per year).

High Growth Revenue: VGL's revenue (19.6% 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 (7.4%).


Next Steps

Past Performance

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

-26.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VGL is currently unprofitable.

Growing Profit Margin: VGL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: VGL is unprofitable, and losses have increased over the past 5 years at a rate of 26.8% per year.

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

Earnings vs Industry: VGL is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (20.2%).


Return on Equity

High ROE: VGL has a negative Return on Equity (-18.87%), as it is currently unprofitable.


Next Steps

Financial Health

How is Vista Group International's financial position?


Financial Position Analysis

Short Term Liabilities: VGL's short term assets (NZ$133.8M) exceed its short term liabilities (NZ$50.4M).

Long Term Liabilities: VGL's short term assets (NZ$133.8M) exceed its long term liabilities (NZ$42.8M).


Debt to Equity History and Analysis

Debt Level: VGL's debt to equity ratio (11.7%) is considered satisfactory.

Reducing Debt: VGL's debt to equity ratio has increased from 6.7% to 11.7% over the past 5 years.

Debt Coverage: VGL's debt is well covered by operating cash flow (116%).

Interest Coverage: Insufficient data to determine if VGL's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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

0.20%

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?

2.6yrs

Average management tenure


CEO

Kimbal Riley

2.67yrs

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
Founder17.33yrsNZ$292.68k0.99%
NZ$ 4.0m
Brian Cadzow
Co-Founder17.33yrsNZ$124.05k1.03%
NZ$ 4.1m
Kimbal Riley
Group Chief Executive Officer2.67yrsno data0.48%
NZ$ 1.9m
William Palmer
Co-Founder & Chief Executive of Movio Incno datano data0.26%
NZ$ 1.1m
Steven Thompson
Founder4.42yrsno datano data
Matthew Cawte
Chief Financial Officer1.33yrsno data0.052%
NZ$ 207.2k
Kelvin Preston
General Counsel & Company Secretary1.92yrsno data0.010%
NZ$ 40.2k
Holly Jones
Head of Marketing0.92yrno datano data
Evan Bateup
Chief People Officer3.33yrsno data0.0059%
NZ$ 23.6k
Till Cussmann
Senior VP of Sales for EMEA & GM of Europe2.58yrsno datano data
Leon Newnham
Chief Executive of Vista Entertainment Solutions - Los Angelesno datano data0.23%
NZ$ 913.8k

2.6yrs

Average Tenure

Experienced Management: VGL's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kirk Senior
Executive Chairmanno dataNZ$460.02kno data
Murray Holdaway
Founder17.33yrsNZ$292.68k0.99%
NZ$ 4.0m
Brian Cadzow
Co-Founder17.33yrsNZ$124.05k1.03%
NZ$ 4.1m
James Ogden
Independent Director6.5yrsNZ$95.00k0.23%
NZ$ 915.3k
Cristiano Nicolli
Non-Executive Independent Director3.83yrsNZ$90.00k0.038%
NZ$ 152.5k
Susan Peterson
Independent Director6.5yrsNZ$95.00k0.053%
NZ$ 214.0k

6.5yrs

Average Tenure

Experienced Board: VGL's board of directors are considered experienced (6.5 years average tenure).


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 37.4%.


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$400.076m
  • 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 G...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/02 06:01
End of Day Share Price2020/12/02 00:00
Earnings2020/06/30
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.