Veritec, Inc. together with its subsidiaries, develops, markets, sells, and licenses products; and provides professional services related to mobile banking prepaid debit card solutions in the United States.
The last earnings update was 42 days ago.
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
In this section, we usually try to help investors determine whether Veritec is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Veritec 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. You can see them here.
Show me the analysis anyway
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Veritec. This is due to cash flow or dividend data being
unavailable. The share price is
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
is considered below, and whether this is a fair price.
Price based on past earnings
Veritec's earnings available for a low price, and how does
this compare to other companies in the same industry?
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 Veritec 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 Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
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
Expected Tech industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
Unable to compare Veritec's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Veritec's earnings growth to the United States of America market average as no estimate data is available.
Unable to compare Veritec's revenue growth to the United States of America market average as no estimate data is available.
Unable to determine if Veritec is high growth as no earnings estimate data is available.
Unable to determine if Veritec 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.
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 Veritec's filings and announcements here.
Veritec'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
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)
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.
has a total score of
0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
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.
TENURE AS CEO
Ms. Van Thuy Tran has been Executive Chairwoman of Veritec, Inc. since 2009. Ms. Tran has been Chief Executive Officer at Veritec, Inc. since December 23, 2009 and serves as its Treasurer. Ms. Tran served as Chief Financial Officer and Secretary of Veritec, Inc. Ms. Tran is the co- founder of Circle of Love. She served Chief Executive Officer of Veritec, Inc. from 1999 to December 8, 2008 and served as its President since 1999 until December 8, 2008. She served as President of Asia Consulting and Trading Company. She founded Equal Partners, Inc. She has been a Director of Veritec Inc. since 1999. For the last twenty years, she has been an entrepreneur involved in building businesses, providing opportunity for minorities and creating solutions for people in distress. Ms. Tran has a medical degree from Bethel College/University of Minnesota and worked in the medical field for over 17 years.
Van's compensation has been consistent with company performance over the past year.
Van's remuneration is lower than average for companies of similar size in United States of America.
Vice President of Marketing & Sales and Vice President of Public Relations
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the Veritec board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Veritec, Inc. together with its subsidiaries, develops, markets, sells, and licenses products; and provides professional services related to mobile banking prepaid debit card solutions in the United States. The company provides Mobile Toggle Card program, a debit based, pre-paid, and gift card solution to debit card issuers and sponsoring organizations; and blinx ON-OFF debit card-Visa prepaid card programs. It also enables card issuers and sponsors to issue debit, pre-paid, and gift cards under their own branded programs through the licensed use of the mobile banking platform and provision of related professional services. In addition, the company offers blinxPay mobile wallet application, a payment processing system that enables customers to make purchases at participating merchants using funds loaded into their blinxPay virtual account. Further, its mobile banking solution enables member card programs to process and settle member rewards in open or closed loop processing environment. Additionally, the company offers back-end card processing services to the card issuing institutions for various cardholder transactions on the licensed platform. Veritec, Inc. was founded in 1982 and is based in Golden Valley, Minnesota.
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