OTCPK:VSPC

Stock Analysis Report

Executive Summary

VIASPACE Inc. engages in the renewable energy business in the United States and internationally.


Snowflake Analysis

Worrying balance sheet with weak fundamentals.

Share Price & News

How has VIASPACE's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

VSPC

9.4%

US Commercial Services

9.4%

US Market


1 Year Return

-85.7%

VSPC

-11.6%

US Commercial Services

-6.8%

US Market

Return vs Industry: VSPC underperformed the US Commercial Services industry which returned -14.6% over the past year.

Return vs Market: VSPC underperformed the US Market which returned -8.1% over the past year.


Shareholder returns

VSPCIndustryMarket
7 Day0%9.4%9.4%
30 Day-20.0%-14.8%-3.9%
90 Day-20.0%-21.1%-16.5%
1 Year-85.7%-85.7%-8.5%-11.6%-4.8%-6.8%
3 Year-75.0%-75.0%23.8%15.8%23.4%15.2%
5 Year-94.1%-94.1%46.7%31.1%41.3%25.7%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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


In this section, we usually try to help investors determine whether VIASPACE is trading at an attractive price based on the cash flow it is expected to produce in the future. But as VIASPACE has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of VSPC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through VIASPACE regulatory filings here.
  • Explore potentially undervalued companies in the Commercial Services industry.

Future Growth

How is VIASPACE forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.5%

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 VIASPACE 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.


Next Steps

Past Performance

How has VIASPACE performed over the past 5 years?

-230.7%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: VSPC is currently unprofitable.

Growing Profit Margin: VSPC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if VSPC's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: VSPC is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (2.5%).


Return on Equity

High ROE: VSPC's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is VIASPACE's financial position?


Financial Position Analysis

Short Term Liabilities: VSPC has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: VSPC has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: VSPC is debt free.

Reducing Debt: VSPC's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if VSPC has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if VSPC has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is VIASPACE's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of VSPC'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?

7.5yrs

Average board tenure


CEO

Kevin Schewe (62yo)

2.75s

Tenure

US$125,165

Compensation

Dr. Kevin L. Schewe, M.D., has been the Chief Executive Officer and Chief Financial Officer of VIASPACE Inc. He served as Acting Chief Executive Officer at VIASPACE Inc. since July 31, 2017 and Acting Chie ...


Board Members

NamePositionTenureCompensationOwnership
Kevin Schewe
Chairman2.75yrsUS$125.17k38.39% $732.8k
Angelina Galiteva
Independent Director14yrsUS$5.92k0.019% $361.5
Haris Basit
Vice Chairman2.75yrsUS$178.81k7.02% $134.0k

7.5yrs

Average Tenure

57yo

Average Age

Experienced Board: VSPC's board of directors are considered experienced (7.5 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.1%.


Top Shareholders

Company Information

VIASPACE Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: VIASPACE Inc.
  • Ticker: VSPC
  • Exchange: OTCPK
  • Founded: 1998
  • Industry: Diversified Support Services
  • Sector: Commercial Services
  • Market Cap: US$1.909m
  • Shares outstanding: 4.77b
  • Website: https://www.viaspace.com

Number of Employees


Location

  • VIASPACE Inc.
  • 344 Pine Street
  • Santa Cruz
  • California
  • 95062
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VSPCOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJun 2005

Biography

VIASPACE Inc. engages in the renewable energy business in the United States and internationally. It develops Giant King Grass (GKG), a biomass and energy crop. The company’s GKG could be burned in biomass power plants to generate electricity; made into pellets that could be burned together with coal to reduce carbon emissions from existing power plants; generated bio methane through anaerobic digestion; and used as a feedstock for low carbon liquid biofuels for transportation, biochemical, and bio plastics, as well as animal feed. VIASPACE Inc. was founded in 1998 and is based in Santa Cruz, California. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/10 03:58
End of Day Share Price2020/04/09 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.