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VIRC

Virco MfgNasdaqGM:VIRC Stock Report

Market Cap

US$54.7m

7D

0.6%

1Y

62.7%

Updated

26 Oct, 2021

Data

Company Financials +
VIRC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

VIRC Overview

Virco Mfg. Corporation engages in the design, production, and distribution of furniture for the commercial and education markets in the United States.

Virco Mfg Competitors

HNI

NYSE:HNI

US$1.6b

Pearson

LSE:PSON

UK£4.7b

ODP

NasdaqGS:ODP

US$2.3b

Scholastic

NasdaqGS:SCHL

US$1.2b

Price History & Performance

Summary of all time highs, changes and price drops for Virco Mfg
Historical stock prices
Current Share PriceUS$3.40
52 Week HighUS$1.94
52 Week LowUS$4.61
Beta1.38
1 Month Change-6.08%
3 Month Change2.46%
1 Year Change62.68%
3 Year Change-21.48%
5 Year Change-21.84%
Change since IPO100.07%

Recent News & Updates

Sep 01
Virco Mfg's (NASDAQ:VIRC) Returns On Capital Not Reflecting Well On The Business

Virco Mfg's (NASDAQ:VIRC) Returns On Capital Not Reflecting Well On The Business

There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...

Jun 16
We Think The Compensation For Virco Mfg. Corporation's (NASDAQ:VIRC) CEO Looks About Right

We Think The Compensation For Virco Mfg. Corporation's (NASDAQ:VIRC) CEO Looks About Right

Performance at Virco Mfg. Corporation ( NASDAQ:VIRC ) has been rather uninspiring recently and shareholders may be...

Jun 11

Virco Manufacturing EPS beats by $0.07, beats on revenue

Virco Manufacturing (VIRC): Q1 GAAP EPS of -$0.25 beats by $0.07.Revenue of $28.37M (+59.2% Y/Y) beats by $7.27M.Shares -1.87%.Press Release

Jun 07
Estimating The Intrinsic Value Of Virco Mfg. Corporation (NASDAQ:VIRC)

Estimating The Intrinsic Value Of Virco Mfg. Corporation (NASDAQ:VIRC)

How far off is Virco Mfg. Corporation ( NASDAQ:VIRC ) from its intrinsic value? Using the most recent financial data...

Shareholder Returns

VIRCUS Commercial ServicesUS Market
7D0.6%1.0%0.9%
1Y62.7%32.5%33.4%

Return vs Industry: VIRC exceeded the US Commercial Services industry which returned 31.2% over the past year.

Return vs Market: VIRC exceeded the US Market which returned 33.4% over the past year.

Price Volatility

Is VIRC's price volatile compared to industry and market?
VIRC volatility
VIRC Beta1.38
Industry Beta1.03
Market Beta1

Stable Share Price: VIRC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: VIRC's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1950775Robert Virtuehttps://www.virco.com

Virco Mfg. Corporation engages in the design, production, and distribution of furniture for the commercial and education markets in the United States. It offers seating products, including 4-leg chairs, cantilever chairs, tablet arm chairs with work surfaces and compact footprints, steel-frame rockers, stools, series chairs, stack and folding chairs, hard plastic seating, upholstered stack and ergonomic chairs, and plastic stack chairs. The company also provides folding, activity, office, computer, and mobile tables; and computer furniture, such as keyboard mouse trays, CPU holders, support columns, desks and workstations, specialty tables, instructor media stations and towers, and other products.

Virco Mfg Fundamentals Summary

How do Virco Mfg's earnings and revenue compare to its market cap?
VIRC fundamental statistics
Market CapUS$54.75m
Earnings (TTM)-US$1.24m
Revenue (TTM)US$162.91m

0.3x

P/S Ratio

-44.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VIRC income statement (TTM)
RevenueUS$162.91m
Cost of RevenueUS$106.09m
Gross ProfitUS$56.83m
ExpensesUS$58.06m
Earnings-US$1.24m

Last Reported Earnings

Jul 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.077
Gross Margin34.88%
Net Profit Margin-0.76%
Debt/Equity Ratio35.6%

How did VIRC perform over the long term?

See historical performance and comparison

Valuation

Is Virco Mfg undervalued compared to its fair value and its price relative to the market?

39.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: VIRC ($3.4) is trading below our estimate of fair value ($5.57)

Significantly Below Fair Value: VIRC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: VIRC is unprofitable, so we can't compare its PE Ratio to the US Commercial Services industry average.

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: VIRC is good value based on its PB Ratio (1x) compared to the US Commercial Services industry average (2.6x).


Future Growth

How is Virco Mfg forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

18.4%

Forecasted Commercial Services 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 Virco Mfg 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.


Past Performance

How has Virco Mfg performed over the past 5 years?

-63.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VIRC is currently unprofitable.

Growing Profit Margin: VIRC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: VIRC is unprofitable, and losses have increased over the past 5 years at a rate of 63.8% per year.

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

Earnings vs Industry: VIRC is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (33.8%).


Return on Equity

High ROE: VIRC has a negative Return on Equity (-2.17%), as it is currently unprofitable.


Financial Health

How is Virco Mfg's financial position?


Financial Position Analysis

Short Term Liabilities: VIRC's short term assets ($79.8M) exceed its short term liabilities ($43.7M).

Long Term Liabilities: VIRC's short term assets ($79.8M) exceed its long term liabilities ($49.3M).


Debt to Equity History and Analysis

Debt Level: VIRC's debt to equity ratio (35.6%) is considered satisfactory.

Reducing Debt: VIRC's debt to equity ratio has reduced from 96.5% to 35.6% over the past 5 years.

Debt Coverage: VIRC's debt is well covered by operating cash flow (74.5%).

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


Balance Sheet


Dividend

What is Virco Mfg current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: VIRC is not paying a notable dividend for the US market.


Future Payout to Shareholders

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


Next Steps

Management

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

17.8yrs

Average management tenure


CEO

Robert Virtue (88 yo)

33.75yrs

Tenure

US$301,602

Compensation

Mr. Robert A. Virtue has been the Chairman of Virco Mfg. Corporation since 1990 and has been its Chief Executive Officer since 1988. Mr. Virtue served as the President of Virco Mfg.Corporation since Augus...


CEO Compensation Analysis

Compensation vs Market: Robert's total compensation ($USD301.60K) is below average for companies of similar size in the US market ($USD542.68K).

Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: VIRC's management team is seasoned and experienced (17.8 years average tenure).


Board Members

Experienced Board: VIRC's board of directors are considered experienced (7.4 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Virco Mfg. Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Virco Mfg. Corporation
  • Ticker: VIRC
  • Exchange: NasdaqGM
  • Founded: 1950
  • Industry: Office Services and Supplies
  • Sector: Commercial Services
  • Market Cap: US$54.747m
  • Shares outstanding: 16.10m
  • Website: https://www.virco.com

Number of Employees


Location

  • Virco Mfg. Corporation
  • 2027 Harpers Way
  • Torrance
  • California
  • 90501
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 22:32
End of Day Share Price2021/10/26 00:00
Earnings2021/07/31
Annual Earnings2021/01/31


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.