OTCPK:VTLR

Stock Analysis Report

VirtualArmour International

Executive Summary

VirtualArmour International Inc., an information technology company, provides network and cybersecurity products and solutions to enterprise and service provider markets in the United States and internationally.


Snowflake Analysis

Slightly overvalued with imperfect balance sheet.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

47.2%

VTLR

-4.6%

US IT

-4.2%

US Market


1 Year Return

-59.8%

VTLR

29.5%

US IT

14.0%

US Market

Return vs Industry: VTLR underperformed the US IT industry which returned 34.7% over the past year.

Return vs Market: VTLR underperformed the US Market which returned 17.8% over the past year.


Shareholder returns

VTLRIndustryMarket
7 Day47.2%-4.6%-4.2%
30 Day92.6%-0.4%-1.8%
90 Day44.4%7.4%2.6%
1 Year-59.8%-59.8%30.9%29.5%16.3%14.0%
3 Yearn/a101.3%92.6%43.2%34.0%
5 Yearn/a137.9%116.7%65.9%47.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: VTLR ($0.08) is trading below our estimate of fair value ($0.21)

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


Price To Earnings Ratio

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

PE vs Market: VTLR 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 VTLR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: VTLR has negative assets, so we can't compare its PB Ratio to the US IT industry average.


Next Steps

Future Growth

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

18.4%

Forecasted Software 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 VirtualArmour International 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

  • Take a look at our analysis of VTLR’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.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access VirtualArmour International's filings and announcements here.
  • Explore growth companies in the Software industry.

Past Performance

How has VirtualArmour International performed over the past 5 years?

12.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VTLR is currently unprofitable.

Growing Profit Margin: VTLR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: VTLR is unprofitable, but has reduced losses over the past 5 years at a rate of 12.9% per year.

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

Earnings vs Industry: VTLR is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (12%).


Return on Equity

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


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is VirtualArmour International's financial position?


Financial Position Analysis

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

Long Term Liabilities: VTLR 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: VTLR has negative shareholder equity, which is a more serious situation than a high debt level.

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


Balance Sheet

Inventory Level: VTLR has a low level of unsold assets or inventory.

Debt Coverage by Assets: VTLR has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


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: Whilst unprofitable VTLR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: VTLR is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -21.3% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if VTLR'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 VTLR'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?

1.8yrs

Average management tenure


CEO

Russ Armbrust 0

1.8yrs

Tenure

US$1,248,109

Compensation

Mr. Russ Armbrust has been the Chief Executive Officer at Virtualarmor International Inc. since May 22, 2018 and served as its a Vice President of Sales from January 3, 2017 to May 2018. Mr. Armbrust serv ...


CEO Compensation Analysis

Compensation vs Market: Russ's total compensation ($USD0.00) is below average for companies of similar size in the US market ($USD521.92K).

Compensation vs Earnings: Insufficient data to compare Russ's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Christopher Blisard
Co-Founder4.9yrsno data25.57% $406.0k
Russ Armbrust
Chief Executive Officer1.8yrsUS$1.25mno data
Todd Kannegieter
Co-Founder4.9yrsUS$96.00k24.04% $381.6k
Andrew Douthwaite
Chief Technology Officer1.8yrsUS$212.56kno data
Chad Schamberger
Vice President of Engineering0yrsUS$225.99kno data
Michael Panec
Chief Financial Officer1.6yrsno datano data

1.8yrs

Average Tenure

45.5yo

Average Age

Experienced Management: VTLR's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Christopher Blisard
Co-Founder4.9yrsno data25.57% $406.0k
Todd Kannegieter
Co-Founder4.9yrsUS$96.00k24.04% $381.6k
Ryan McKinney
Independent Director4.7yrsno datano data
James Engstrom
Independent Director4.7yrsno datano data
Robert Morrison
Independent Director4.7yrsno datano data

4.7yrs

Average Tenure

58yo

Average Age

Experienced Board: VTLR's board of directors are considered experienced (4.7 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 5.6%.


Top Shareholders

Company Information

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


Key Information

  • Name: VirtualArmour International Inc.
  • Ticker: VTLR
  • Exchange: OTCPK
  • Founded:
  • Industry: Internet Services and Infrastructure
  • Sector: Software
  • Market Cap: €1.463m
  • Listing Market Cap: €1.588m
  • Shares outstanding: 63.60m
  • Website: https://www.virtualarmour.com

Number of Employees


Location

  • VirtualArmour International Inc.
  • 8085 South Chester Street
  • Suite 108
  • Centennial
  • Colorado
  • 80112
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VAICNSX (Canadian National Stock Exchange)YesCommon SharesCACADNov 2015
3V3DB (Deutsche Boerse AG)YesCommon SharesDEEURNov 2015
VTLROTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 2015

Biography

VirtualArmour International Inc., an information technology company, provides network and cybersecurity products and solutions to enterprise and service provider markets in the United States and internationally. It offers managed services, such as 24 x 7 x 365 alerting, management, monitoring, maintenance, and prevention; professional services, including design, architecture, consulting, assessments, implementation, migration, and training; and hardware and software services. The company was formerly known as VirtualArmor International Inc. and changed its name to VirtualArmour International Inc. in October 2016. The company is based in Centennial, Colorado. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 02:09
End of Day Share Price2020/02/24 00:00
Earnings2019/09/30
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.