VSE
VSE Corporation operates as a diversified services and supply company in the United States. The last earnings update was 45 days ago. More info.
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- VSE has significant price volatility in the past 3 months.
VSEC Share Price and Events
7 Day Returns
1 Year Returns
VSEC Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| VSE (VSEC) | -0.2% | -8.3% | -27% | -48.8% | -28.6% | -20.6% |
| US Commercial Services | 0.5% | 3.8% | 8.8% | 11.7% | 58.6% | 74.9% |
| US Market | 0.3% | 0.4% | 0.6% | 0.7% | 37.2% | 37.4% |
1 Year Return vs Industry and Market
- VSEC underperformed the Commercial Services industry which returned 11.7% over the past year.
- VSEC underperformed the Market in United States of America which returned 0.7% over the past year.
VSEC Value
Is VSE undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
VSE
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for VSE.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Extrapolated from most recent financials. | See below |
| Discount Rate (Cost of Equity) | See below | 9.8% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Commercial Services Unlevered Beta | Simply Wall St/ S&P Global | 0.69 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.685 (1 + (1- 21%) (111.21%)) |
1.192 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.19 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.192 * 5.96%) |
9.84% |
Discounted Cash Flow Calculation for NasdaqGS:VSEC using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for VSE is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 9.84%) |
|
|---|---|---|---|
| 2019 | 3.19 | Est @ -26.58% | 2.90 |
| 2020 | 2.62 | Est @ -17.79% | 2.17 |
| 2021 | 2.32 | Est @ -11.63% | 1.75 |
| 2022 | 2.15 | Est @ -7.32% | 1.48 |
| 2023 | 2.05 | Est @ -4.31% | 1.29 |
| 2024 | 2.01 | Est @ -2.2% | 1.14 |
| 2025 | 2.00 | Est @ -0.72% | 1.03 |
| 2026 | 2.00 | Est @ 0.32% | 0.94 |
| 2027 | 2.02 | Est @ 1.04% | 0.87 |
| 2028 | 2.05 | Est @ 1.55% | 0.80 |
| Present value of next 10 years cash flows | $14.38 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $2.05 × (1 + 2.73%) ÷ (9.84% – 2.73%) |
$29.69 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $29.69 ÷ (1 + 9.84%)10 |
$11.62 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $14.38 + $11.62 |
$26.00 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $26.00 / 10.90 |
$2.38 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $2.38 |
| Current discount | Discount to share price of
$25.31
= -1 x ($25.31 - $2.38) / $2.38 |
-961.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of VSE is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for VSE's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
VSE's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $3.18 |
| NasdaqGS:VSEC Share Price ** | NasdaqGS (2019-06-17) in USD | $25.31 |
| United States of America Commercial Services Industry PE Ratio | Median Figure of 46 Publicly-Listed Commercial Services Companies | 25.09x |
| United States of America Market PE Ratio | Median Figure of 3,093 Publicly-Listed Companies | 17.68x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of VSE.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:VSEC Share Price ÷ EPS (both in USD) = 25.31 ÷ 3.18 |
7.96x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- VSE is good value based on earnings compared to the US Commercial Services industry average.
- VSE is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
VSE's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 7.96x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
13.5%per year |
| United States of America Commercial Services Industry PEG Ratio | Median Figure of 34 Publicly-Listed Commercial Services Companies | 1.71x |
| United States of America Market PEG Ratio | Median Figure of 2,125 Publicly-Listed Companies | 1.52x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for VSE, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
VSE's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $30.83 |
| NasdaqGS:VSEC Share Price * | NasdaqGS (2019-06-17) in USD | $25.31 |
| United States of America Commercial Services Industry PB Ratio | Median Figure of 87 Publicly-Listed Commercial Services Companies | 1.88x |
| United States of America Market PB Ratio | Median Figure of 5,245 Publicly-Listed Companies | 1.79x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:VSEC Share Price ÷ Book Value per Share (both in USD) = 25.31 ÷ 30.83 |
0.82x |
* Primary Listing of VSE.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- VSE is good value based on assets compared to the US Commercial Services industry average.
Value checks
We assess VSE's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check) VSE has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
VSEC Future Performance
How is VSE expected to perform in the next 1 to 3 years based on estimates from 0 analysts?
- No analysts cover VSE, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- VSE's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- VSE's earnings growth is positive but not above the United States of America market average.
- Unable to compare VSE's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:VSEC Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | 13.5% |
| United States of America Commercial Services Industry Earnings Growth Rate | Market Cap Weighted Average | 15.3% |
| United States of America Commercial Services Industry Revenue Growth Rate | Market Cap Weighted Average | 5.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.8% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 690 | 8 | 35 |
| 2018-12-31 | 697 | 19 | 35 |
| 2018-09-30 | 711 | 14 | 43 |
| 2018-06-30 | 716 | 28 | 40 |
| 2018-03-31 | 740 | 63 | 39 |
| 2017-12-31 | 760 | 50 | 39 |
| 2017-09-30 | 780 | 58 | 29 |
| 2017-06-30 | 779 | 51 | 29 |
| 2017-03-31 | 745 | 32 | 28 |
| 2016-12-31 | 692 | 47 | 27 |
| 2016-09-30 | 622 | 47 | 27 |
| 2016-06-30 | 586 | 49 | 27 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from VSE Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 3.18 |
| 2018-12-31 | 3.23 |
| 2018-09-30 | 3.98 |
| 2018-06-30 | 3.67 |
| 2018-03-31 | 3.58 |
| 2017-12-31 | 3.61 |
| 2017-09-30 | 2.67 |
| 2017-06-30 | 2.72 |
| 2017-03-31 | 2.55 |
| 2016-12-31 | 2.48 |
| 2016-09-30 | 2.54 |
| 2016-06-30 | 2.48 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess VSE's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
VSE has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
VSEC Past Performance
How has VSE performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- VSE's year on year earnings growth rate has been positive over the past 5 years.
- VSE's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- VSE's 1-year earnings growth is negative, it can't be compared to the US Commercial Services industry average.
Earnings and Revenue History
All data from VSE Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 690.24 | 34.63 | 3.45 | |
| 2018-12-31 | 697.22 | 35.08 | 3.15 | |
| 2018-09-30 | 711.02 | 43.19 | 3.66 | |
| 2018-06-30 | 716.25 | 39.80 | 3.06 | |
| 2018-03-31 | 739.72 | 38.86 | 2.80 | |
| 2017-12-31 | 760.11 | 39.10 | 2.43 | |
| 2017-09-30 | 780.22 | 28.92 | 3.61 | |
| 2017-06-30 | 778.84 | 29.37 | 4.01 | |
| 2017-03-31 | 745.45 | 27.53 | 5.67 | |
| 2016-12-31 | 691.79 | 26.79 | 6.61 | |
| 2016-09-30 | 621.56 | 27.35 | 5.35 | |
| 2016-06-30 | 586.17 | 26.74 | 4.16 | |
| 2016-03-31 | 556.83 | 26.25 | 2.98 | |
| 2015-12-31 | 533.98 | 24.92 | 2.76 | |
| 2015-09-30 | 484.26 | 21.56 | 2.23 | |
| 2015-06-30 | 448.62 | 18.98 | 3.94 | |
| 2015-03-31 | 425.45 | 19.44 | 3.76 | |
| 2014-12-31 | 424.07 | 20.49 | 4.14 | |
| 2014-09-30 | 451.47 | 22.53 | 3.86 | |
| 2014-06-30 | 460.79 | 23.97 | 3.27 | |
| 2014-03-31 | 471.89 | 24.99 | 3.29 | |
| 2013-12-31 | 471.64 | 23.99 | 3.29 | |
| 2013-09-30 | 486.15 | 24.04 | 2.72 | |
| 2013-06-30 | 509.32 | 26.20 | 3.28 | |
| 2013-03-31 | 525.93 | 25.87 | 3.85 | |
| 2012-12-31 | 546.76 | 27.36 | 3.97 | |
| 2012-09-30 | 520.94 | 26.57 | 4.32 | |
| 2012-06-30 | 546.63 | 25.21 | 4.39 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- VSE has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- VSE used its assets less efficiently than the US Commercial Services industry average last year based on Return on Assets.
- VSE's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess VSE's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
VSE has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
VSEC Health
How is VSE's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up VSE's finances.
The net worth of a company is the difference between its assets and liabilities.
- VSE is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- VSE's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from VSE Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 337.53 | 306.96 | 1.56 |
| 2018-12-31 | 328.40 | 181.11 | 0.36 |
| 2018-09-30 | 320.51 | 194.20 | 1.62 |
| 2018-06-30 | 311.32 | 201.09 | 1.31 |
| 2018-03-31 | 303.31 | 182.56 | 1.15 |
| 2017-12-31 | 293.10 | 194.56 | 0.92 |
| 2017-09-30 | 277.19 | 201.71 | 0.69 |
| 2017-06-30 | 270.53 | 220.74 | 0.90 |
| 2017-03-31 | 263.51 | 237.68 | 0.68 |
| 2016-12-31 | 255.19 | 237.90 | 0.50 |
| 2016-09-30 | 248.94 | 254.28 | 0.55 |
| 2016-06-30 | 241.52 | 255.74 | 0.68 |
| 2016-03-31 | 236.29 | 243.69 | 0.59 |
| 2015-12-31 | 229.31 | 255.89 | 0.74 |
| 2015-09-30 | 222.16 | 269.49 | 0.19 |
| 2015-06-30 | 216.13 | 266.34 | 0.44 |
| 2015-03-31 | 211.12 | 268.34 | 0.47 |
| 2014-12-31 | 205.49 | 72.98 | 0.26 |
| 2014-09-30 | 202.27 | 81.84 | 0.33 |
| 2014-06-30 | 198.37 | 92.21 | 0.30 |
| 2014-03-31 | 193.14 | 103.07 | 0.36 |
| 2013-12-31 | 186.80 | 115.37 | 0.22 |
| 2013-09-30 | 182.24 | 131.81 | 0.28 |
| 2013-06-30 | 176.80 | 145.92 | 0.27 |
| 2013-03-31 | 170.27 | 155.06 | 1.43 |
| 2012-12-31 | 164.34 | 168.28 | 1.50 |
| 2012-09-30 | 162.07 | 182.97 | 0.87 |
| 2012-06-30 | 156.52 | 194.39 | 0.44 |
- VSE's level of debt (81.7%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (53.3% vs 81.7% today).
- Debt is not well covered by operating cash flow (3%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 5.4x coverage).
Financial health checks
We assess VSE's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) VSE has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
VSEC Dividends
What is VSE's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
VSE
shares you are expected to receive
$28
in your first year as a dividend.
Dividend Amount
- VSE's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
- VSE's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
Upcoming dividend payment
Purchase VSE before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| United States of America Commercial Services Industry Average Dividend Yield | Market Cap Weighted Average of 41 Stocks | 1.6% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2011 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-08 | 0.360 | 1.371 |
| 2019-03-01 | 0.320 | 1.001 |
| 2018-12-13 | 0.320 | 1.008 |
| 2018-10-31 | 0.320 | 1.078 |
| 2018-10-30 | 0.320 | 1.052 |
| 2018-05-01 | 0.320 | 0.787 |
| 2018-03-02 | 0.280 | 0.553 |
| 2017-12-14 | 0.280 | 0.569 |
| 2017-10-27 | 0.280 | 0.585 |
| 2017-05-03 | 0.280 | 0.579 |
| 2017-03-02 | 0.240 | 0.601 |
| 2016-12-16 | 0.240 | 0.615 |
| 2016-10-27 | 0.240 | 0.670 |
| 2016-05-04 | 0.240 | 0.715 |
| 2016-03-03 | 0.220 | 0.661 |
| 2015-12-11 | 0.220 | 0.752 |
| 2015-10-29 | 0.220 | 0.737 |
| 2015-05-07 | 0.220 | 0.913 |
| 2015-03-10 | 0.200 | 0.516 |
| 2015-03-06 | 0.200 | 0.499 |
| 2014-10-31 | 0.200 | 0.615 |
| 2014-05-07 | 0.200 | 0.667 |
| 2014-03-07 | 0.180 | 0.654 |
| 2013-12-12 | 0.180 | 0.775 |
| 2013-10-31 | 0.180 | 0.759 |
| 2013-05-07 | 0.180 | 0.861 |
| 2013-03-19 | 0.160 | 1.192 |
| 2013-03-06 | 0.160 | 1.362 |
| 2013-02-27 | 0.160 | 1.419 |
| 2012-12-12 | 1.400 | 11.788 |
| 2012-08-06 | 0.160 | 1.368 |
| 2012-05-02 | 0.160 | 1.367 |
| 2012-03-14 | 0.140 | 1.192 |
| 2011-12-21 | 0.140 | 1.129 |
| 2011-08-02 | 0.140 | 1.119 |
| 2011-05-05 | 0.140 | 1.127 |
| 2011-04-13 | 0.120 | 0.820 |
| 2011-03-02 | 0.120 | 0.823 |
| 2011-02-24 | 0.120 | 0.864 |
| 2010-10-29 | 0.120 | 0.748 |
| 2010-10-28 | 0.120 | 0.663 |
| 2010-06-09 | 0.120 | 0.728 |
| 2010-04-30 | 0.100 | 0.520 |
| 2010-04-29 | 0.100 | 0.490 |
| 2010-03-04 | 0.100 | 0.476 |
| 2009-10-30 | 0.100 | 0.433 |
| 2009-10-29 | 0.100 | 0.457 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have increased over the past 10 years.
Income/ dividend checks
We assess VSE's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can VSE afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) VSE has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
VSEC Management
CEO
| TENURE AS CEO | 0.2 years |
CEO Bio
Mr. John A. Cuomo has been CEO, President and Director of VSE Corporation since April 15, 2019. Mr. Cuomo has been Vice President and General Manager of Aerospace Solutions Group at KLX Inc. since December 16, 2014 and Previously, Mr. Cuomo served as its Vice President and General Manager, Consumables Management business since July 2014. He has over 15 years of experience in the aerospace consumables distribution market and served in multiple roles and functions at B/E Aerospace Consumables Management from April 2000 to February 2014, with the most recent being Senior Vice President, Sales, Marketing and Business Development. Prior to joining B/E Aerospace, Mr. Cuomo served as an attorney at a large multi-national law firm practicing commercial law, mergers and acquisitions and litigation. He has a Bachelor of Science in International Business, a Juris Doctorate from the University of Miami and a Master of Business Administration from the University of Florida.
CEO Compensation
- Insufficient data for John to compare compensation growth.
- Insufficient data for John to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the VSE management team in years:
- The average tenure for the VSE management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Tom Loftus
Executive VP & CFO
$921K
62
17.3 yrs
Tom Kiernan
VP, General Counsel & Secretary
$729K
50
10.6 yrs
Chad Wheeler
President & COO of Wheeler Bros Inc
$831K
43
5.9 yrs
Paul Goffredi
President & COO of VSE Aviation Inc.
$594K
60
4.4 yrs
John Cuomo
CEO, President & Director
0.2 yrs
Matt Mullenix
Chief Information Officer
3.8 yrs
Tina Bailey
Vice President of Human Resources
59
9.4 yrs
Board of Directors Tenure
Average tenure and age of the VSE board of directors in years:
- The tenure for the VSE board of directors is about average.
Board of Directors
Calvin Koonce
Chairman
$202K
81
1.2 yrs
John Cuomo
CEO, President & Director
0.2 yrs
James Lafond
Director
$164K
76
15.7 yrs
Ed Eberhart
Director
$159K
71
11.8 yrs
Jack Stultz
Director
$154K
65
7.4 yrs
Bonnie Wachtel
Director
$149K
62
28.4 yrs
Jack Potter
Director
$149K
62
5.4 yrs
Mark Ferguson
Director
$149K
61
1.5 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 21. May 19 | Buy | Thomas Kiernan | Individual | 20. May 19 | 20. May 19 | 400 | $27.00 | $10,800 | ||
| 14. May 19 | Buy | John Cuomo | Individual | 13. May 19 | 13. May 19 | 3,600 | $27.45 | $98,820 | ||
| 14. May 19 | Buy | Thomas Loftus | Individual | 10. May 19 | 10. May 19 | 2,500 | $27.60 | $69,000 | ||
| 07. Dec 18 | Sell | Bonnie Wachtel | Individual | 06. Dec 18 | 06. Dec 18 | -400 | $32.00 | $-12,800 | ||
| 05. Sep 18 | Buy | Thomas Kiernan | Individual | 04. Sep 18 | 04. Sep 18 | 270 | $37.17 | $10,036 | ||
Management checks
We assess VSE's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) VSE has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
VSEC News
Simply Wall St News
Why You Should Care About VSE Corporation’s (NASDAQ:VSEC) Low Return On Capital
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for VSE: 0.078 = US$54m ÷ (US$804m - US$120m) (Based on the trailing twelve months to March 2019.) So, VSE has an ROCE of 7.8%. … Due to the way the ROCE equation works, having large bills due in the near term can make it look as though a company has less capital employed, and thus a higher ROCE than usual.
Simply Wall St - – Full articleThose Who Purchased VSE (NASDAQ:VSEC) Shares A Year Ago Have A 44% Loss To Show For It
We've already covered VSE's share price action, but we should also mention its total shareholder return (TSR). … Dividends have been really beneficial for VSE shareholders, and that cash payout explains why its total shareholder loss of 44%, over the last year, isn't as bad as the share price return. … Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround.
Simply Wall St - – Full articleVSE Corporation (NASDAQ:VSEC): What Does Its Beta Value Mean For Your Portfolio?
Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.
Simply Wall St - – Full articleWhat You Should Know About VSE Corporation's (NASDAQ:VSEC) Financial Strength
While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.
Simply Wall St - – Full articleIs VSE Corporation (NASDAQ:VSEC) A Smart Choice For Dividend Investors?
Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. … Historically, VSE Corporation (NASDAQ:VSEC) has paid a dividend to shareholders. … 5 questions I ask before picking a dividend stock
Simply Wall St - – Full articleDoes VSE Corporation's (NASDAQ:VSEC) -10% Earnings Drop Reflect A Longer Term Trend?
Commentary On VSEC's Past Performance. … VSEC's trailing twelve-month earnings (from 31 December 2018) of US$35m has? … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 14%, indicating the rate at which VSEC is growing has slowed down
Simply Wall St - – Full articleCan We See Significant Insider Ownership On The VSE Corporation (NASDAQ:VSEC) Share Register?
A look at the shareholders of VSE Corporation (NASDAQ:VSEC) can tell us which group is most powerful. … Generally speaking, as a company grows, institutions will increase their ownership. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'.
Simply Wall St - – Full articleDoes VSE Corporation (NASDAQ:VSEC) Have A Good P/E Ratio?
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … That is equivalent to an earnings yield of about 13%. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleHere’s why VSE Corporation’s (NASDAQ:VSEC) Returns On Capital Matters So Much
Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleWhat Investors Should Know About VSE Corporation's (NASDAQ:VSEC) Financial Strength
While small-cap stocks, such as VSE Corporation (NASDAQ:VSEC) with its market cap of US$352m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … So, understanding the company's financial health becomes. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.
Simply Wall St - – Full articleVSEC Company Info
Description
VSE Corporation operates as a diversified services and supply company in the United States. The company operates in three segments: Supply Chain Management Group, Aviation Group, and Federal Services Group. The Supply Chain Management Group segment offers sourcing, acquisition, scheduling, transportation, shipping, logistics, data management, and other services to assist its clients with supply chain management. It sells vehicle parts and mission critical supply chain services to support the United States Postal Service (USPS) vehicle fleet and commercial truck fleets; and fleet management and sustainment solutions, and managed inventory services to the Department of Defense (DoD). The Aviation Group segment provides maintenance, repair, and overhaul (MRO) services; and parts supply and distribution for commercial and general aviation jet aircraft engines and engine accessories. It serves commercial airlines, regional airlines, cargo transporters, MRO integrators and providers, aviation manufacturers, corporate and private aircraft owners, and agricultural clients. The Federal Services Group segment offers foreign military sales services and refurbishment services to extend and enhance the life of existing vehicles and equipment; fleet-wide ship and aircraft support; aircraft sustainment and maintenance; and other technical, management, engineering, logistics, maintenance, configuration management, prototyping, technology, and field support services to the U.S. Navy and Marine Corps, U.S. Army and Army Reserve, U.S. Air Force, and other customers. This segment also provides energy consulting services, and IT solutions and services for various DoD and federal civilian agencies. VSE Corporation was founded in 1959 and is headquartered in Alexandria, Virginia.
Details
| Name: | VSE Corporation |
| VSEC | |
| Exchange: | NasdaqGS |
| Founded: | 1959 |
| $276,003,930 | |
| 10,904,936 | |
| Website: | http://www.vsecorp.com |
| Address: |
VSE Corporation 6348 Walker Lane, Alexandria, Virginia, 22310, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | VSEC | Common Stock | Nasdaq Global Select | US | USD | 07. Jan 1980 |
Number of employees
Current staff
Industry
| Diversified Support Services | |
| Commercial Services |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/17 23:46 |
| End of day share price update: | 2019/06/17 00:00 |
| Last estimates confirmation: | 2018/03/02 |
| Last earnings filing: | 2019/05/03 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
