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VSE

Nasdaq:VSEC
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VSEC
Nasdaq
$369M
Market Cap
  1. Home
  2. US
  3. Commercial Services
Company description

VSE Corporation operates as a diversified services and supply company in the United States. The last earnings update was 43 days ago. More info.


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VSEC Share Price and Events
7 Day Returns
3.6%
NasdaqGS:VSEC
2.6%
US Commercial Services
0.2%
US Market
1 Year Returns
-34.9%
NasdaqGS:VSEC
11.4%
US Commercial Services
6.3%
US Market
VSEC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
VSE (VSEC) 3.6% 0.2% 13.7% -34.9% -0.4% 10.7%
US Commercial Services 2.6% 4.8% 9.3% 11.4% 55.9% 80.2%
US Market 0.2% 2.1% 8.5% 6.3% 37.9% 45.7%
1 Year Return vs Industry and Market
  • VSEC underperformed the Commercial Services industry which returned 11.4% over the past year.
  • VSEC underperformed the Market in United States of America which returned 6.3% over the past year.
Price Volatility
VSEC
Industry
5yr Volatility vs Market

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for VSE.

NasdaqGS:VSEC Discounted Cash Flow Data Sources
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 8.8%
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.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:VSEC
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 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 21%) (49.04%))
1.013
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.013 * 5.96%)
8.77%

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.

NasdaqGS:VSEC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.77%)
2019 10.43 Est @ -28.1% 9.59
2020 8.47 Est @ -18.85% 7.16
2021 7.42 Est @ -12.38% 5.77
2022 6.84 Est @ -7.84% 4.89
2023 6.52 Est @ -4.67% 4.28
2024 6.36 Est @ -2.45% 3.84
2025 6.30 Est @ -0.9% 3.50
2026 6.31 Est @ 0.19% 3.22
2027 6.37 Est @ 0.95% 2.99
2028 6.47 Est @ 1.49% 2.79
Present value of next 10 years cash flows $48.03
NasdaqGS:VSEC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $6.47 × (1 + 2.73%) ÷ (8.77% – 2.73%)
$110.06
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $110.06 ÷ (1 + 8.77%)10
$47.50
NasdaqGS:VSEC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $48.03 + $47.50
$95.52
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $95.52 / 10.95
$8.72
NasdaqGS:VSEC Discount to Share Price
Calculation Result
Value per share (USD) From above. $8.72
Current discount Discount to share price of $33.73
= -1 x ($33.73 - $8.72) / $8.72
-286.6%

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.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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?
Raw Data
NasdaqGS:VSEC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $3.23
NasdaqGS:VSEC Share Price ** NasdaqGS (2019-04-18) in USD $33.73
United States of America Commercial Services Industry PE Ratio Median Figure of 51 Publicly-Listed Commercial Services Companies 21.52x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 18.15x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of VSE.

NasdaqGS:VSEC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:VSEC Share Price ÷ EPS (both in USD)

= 33.73 ÷ 3.23

10.46x

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?
Raw Data
NasdaqGS:VSEC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
13.6%per year
United States of America Commercial Services Industry PEG Ratio Median Figure of 34 Publicly-Listed Commercial Services Companies 1.72x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.57x

*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?
Raw Data
NasdaqGS:VSEC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $30.17
NasdaqGS:VSEC Share Price * NasdaqGS (2019-04-18) in USD $33.73
United States of America Commercial Services Industry PB Ratio Median Figure of 87 Publicly-Listed Commercial Services Companies 2.1x
United States of America Market PB Ratio Median Figure of 5,178 Publicly-Listed Companies 1.91x
NasdaqGS:VSEC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:VSEC Share Price ÷ Book Value per Share (both in USD)

= 33.73 ÷ 30.17

1.12x

* 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.
X
Value checks
We assess VSE's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. 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!
Annual Growth Rate
13.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is VSE expected to grow at an attractive rate?
  • 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 expected to exceed 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
Raw Data
NasdaqGS:VSEC Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:VSEC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 13.6%
United States of America Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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
Raw Data
NasdaqGS:VSEC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:VSEC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NasdaqGS:VSEC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
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
2016-03-31 557 54 26

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • VSE's earnings are expected to grow by 13.6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if VSE is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:VSEC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 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 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:VSEC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NasdaqGS:VSEC Past Financials Data
Date (Data in USD Millions) EPS *
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
2016-03-31 2.44

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if VSE will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess VSE's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
VSE has a total score of 2/6, 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
Below we compare VSE's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
VSE's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from VSE Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:VSEC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
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 more efficiently than the US Commercial Services industry average last year based on Return on Assets.
  • VSE has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess VSE's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
VSE has a total score of 3/6, 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.
Net Worth
  • VSE is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • VSE's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of VSE's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.6x 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.
Raw Data

All data from VSE Company Filings, last reported 3 months ago.

NasdaqGS:VSEC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
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 (55.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (61.7% vs 55.2% today).
  • Debt is not well covered by operating cash flow (10.4%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.9x coverage).
X
Financial health checks
We assess VSE's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. VSE has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
0.95%
Current annual income from VSE dividends.
If you bought $2,000 of VSE shares you are expected to receive $19 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • VSE's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • VSE's dividend is below the markets top 25% of dividend payers in United States of America (3.62%).
Upcoming dividend payment

Purchase VSE before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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.
Raw Data
NasdaqGS:VSEC Annualized Past and Future Dividends
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 42 Stocks 1.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:VSEC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
NasdaqGS:VSEC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-01 0.320 0.984
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
2009-06-08 0.100 0.623
2009-04-30 0.090 0.695
2009-04-29 0.090 0.604
2009-04-20 0.090 0.643

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.
Current Payout to shareholders
What portion of VSE's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (10.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess VSE's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of VSE's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Cuomo
TENURE AS CEO 0 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:

5.8
Average Tenure
59.5
Average Age
  • 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

TITLE
Executive VP & CFO
COMPENSATION
$917K
AGE
62
TENURE
17.1 yrs

Tom Kiernan

TITLE
VP, General Counsel & Secretary
COMPENSATION
$770K
AGE
50
TENURE
10.4 yrs

Chad Wheeler

TITLE
President & COO of Wheeler Bros Inc
COMPENSATION
$842K
AGE
43
TENURE
5.8 yrs

JR Brown

TITLE
President of Federal Services Group
COMPENSATION
$655K
AGE
61
TENURE
3.9 yrs

John Cuomo

TITLE
CEO, President & Director

Matt Mullenix

TITLE
Chief Information Officer
TENURE
3.7 yrs

Tina Bailey

TITLE
Vice President of Human Resources
AGE
59
TENURE
9.3 yrs

Paul Goffredi

TITLE
President & COO of VSE Aviation Inc.
AGE
60
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure and age of the VSE board of directors in years:

7.3
Average Tenure
65
Average Age
  • The tenure for the VSE board of directors is about average.
Board of Directors

Calvin Koonce

TITLE
Chairman
COMPENSATION
$157K
AGE
81
TENURE
1 yrs

John Cuomo

TITLE
CEO, President & Director

James Lafond

TITLE
Director
COMPENSATION
$165K
AGE
76
TENURE
15.5 yrs

Ed Eberhart

TITLE
Director
COMPENSATION
$160K
AGE
71
TENURE
11.7 yrs

Jack Stultz

TITLE
Director
COMPENSATION
$150K
AGE
65
TENURE
7.3 yrs

Bonnie Wachtel

TITLE
Director
COMPENSATION
$150K
AGE
62
TENURE
28.3 yrs

Jack Potter

TITLE
Director
COMPENSATION
$150K
AGE
62
TENURE
5.3 yrs

Mark Ferguson

TITLE
Director
COMPENSATION
$11K
AGE
61
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
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
X
Management checks
We assess VSE's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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

What 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 -

Is 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 -

Does 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 -

Can 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 -

Does 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 -

Here’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 -

What 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 -

What Kind Of Share Price Volatility Should You Expect For VSE Corporation (NASDAQ:VSEC)?

If you're interested in VSE Corporation (NASDAQ:VSEC), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider.

Simply Wall St -

A Note On VSE Corporation's (NASDAQ:VSEC) ROE and Debt To Equity

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows VSE has a return on equity of 13% for the last year. … That means that for every $1 worth of shareholders' equity, it generated $0.13 in profit.

Simply Wall St -

Could The VSE Corporation (NASDAQ:VSEC) Ownership Structure Tell Us Something Useful?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Our analysis of the ownership of the company, below, shows that. … We can zoom in on the different ownership groups, to learn more about VSEC

Simply Wall St -

VSEC 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
$369,335,910
10,949,775
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
Staff numbers
2,228
VSE employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 23:43
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2018/03/02
Last earnings filing: 2019/03/07
Last earnings reported: 2018/12/31
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.