VECIMA NETWORKS INC (VCM.CA) Fundamental Analysis & Valuation

TSX:VCM • CA92241Y1016

Current stock price

13.375 CAD
+0.02 (+0.11%)
Last:

This VCM.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. VCM.CA Profitability Analysis

1.1 Basic Checks

  • VCM had positive earnings in the past year.
  • VCM had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: VCM reported negative net income in multiple years.
  • Of the past 5 years VCM 4 years had a positive operating cash flow.
VCM.CA Yearly Net Income VS EBIT VS OCF VS FCFVCM.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M -20M 40M

1.2 Ratios

  • Looking at the Return On Assets, with a value of -3.55%, VCM is in line with its industry, outperforming 53.85% of the companies in the same industry.
  • With a decent Return On Equity value of -5.52%, VCM is doing good in the industry, outperforming 61.54% of the companies in the same industry.
Industry RankSector Rank
ROA -3.55%
ROE -5.52%
ROIC N/A
ROA(3y)2.62%
ROA(5y)2.2%
ROE(3y)4.14%
ROE(5y)3.42%
ROIC(3y)N/A
ROIC(5y)N/A
VCM.CA Yearly ROA, ROE, ROICVCM.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10

1.3 Margins

  • VCM has a Gross Margin of 40.48%. This is comparable to the rest of the industry: VCM outperforms 53.85% of its industry peers.
  • VCM's Gross Margin has declined in the last couple of years.
  • The Profit Margin and Operating Margin are not available for VCM so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 40.48%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-7.55%
GM growth 5Y-6.99%
VCM.CA Yearly Profit, Operating, Gross MarginsVCM.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. VCM.CA Health Analysis

2.1 Basic Checks

  • VCM does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for VCM remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, VCM has more shares outstanding
  • Compared to 1 year ago, VCM has a worse debt to assets ratio.
VCM.CA Yearly Shares OutstandingVCM.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M
VCM.CA Yearly Total Debt VS Total AssetsVCM.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

2.2 Solvency

  • VCM has an Altman-Z score of 3.45. This indicates that VCM is financially healthy and has little risk of bankruptcy at the moment.
  • With a decent Altman-Z score value of 3.45, VCM is doing good in the industry, outperforming 61.54% of the companies in the same industry.
  • VCM has a Debt/Equity ratio of 0.27. This is a healthy value indicating a solid balance between debt and equity.
  • With a Debt to Equity ratio value of 0.27, VCM perfoms like the industry average, outperforming 46.15% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF N/A
Altman-Z 3.45
ROIC/WACCN/A
WACC10.04%
VCM.CA Yearly LT Debt VS Equity VS FCFVCM.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M 100M 150M 200M

2.3 Liquidity

  • VCM has a Current Ratio of 1.54. This is a normal value and indicates that VCM is financially healthy and should not expect problems in meeting its short term obligations.
  • VCM's Current ratio of 1.54 is fine compared to the rest of the industry. VCM outperforms 61.54% of its industry peers.
  • VCM has a Quick Ratio of 1.54. This is a bad value and indicates that VCM is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.43, VCM is doing worse than 84.62% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.54
Quick Ratio 0.43
VCM.CA Yearly Current Assets VS Current LiabilitesVCM.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. VCM.CA Growth Analysis

3.1 Past

  • VCM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -86.05%.
  • Looking at the last year, VCM shows a very negative growth in Revenue. The Revenue has decreased by -13.47% in the last year.
  • The Revenue has been growing by 24.67% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-86.05%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%116%
Revenue 1Y (TTM)-13.47%
Revenue growth 3Y15.24%
Revenue growth 5Y24.67%
Sales Q2Q%3.51%

3.2 Future

  • VCM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 191.38% yearly.
  • VCM is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.47% yearly.
EPS Next Y273.94%
EPS Next 2Y191.38%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.82%
Revenue Next 2Y13.47%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
VCM.CA Yearly Revenue VS EstimatesVCM.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M
VCM.CA Yearly EPS VS EstimatesVCM.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.5 1

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5

4. VCM.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 222.92, VCM can be considered very expensive at the moment.
  • Based on the Price/Earnings ratio, VCM is valued a bit cheaper than the industry average as 76.92% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 27.47. VCM is valued rather expensively when compared to this.
  • Based on the Price/Forward Earnings ratio of 11.45, the valuation of VCM can be described as reasonable.
  • 100.00% of the companies in the same industry are more expensive than VCM, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.62, VCM is valued a bit cheaper.
Industry RankSector Rank
PE 222.92
Fwd PE 11.45
VCM.CA Price Earnings VS Forward Price EarningsVCM.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150 200

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, VCM is valued a bit cheaper than the industry average as 69.23% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 13.97
VCM.CA Per share dataVCM.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8 10

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • VCM's earnings are expected to grow with 191.38% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.81
PEG (5Y)N/A
EPS Next 2Y191.38%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. VCM.CA Dividend Analysis

5.1 Amount

  • VCM has a Yearly Dividend Yield of 1.65%.
  • VCM's Dividend Yield is rather good when compared to the industry average which is at 0.91. VCM pays more dividend than 84.62% of the companies in the same industry.
  • VCM's Dividend Yield is comparable with the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 1.65%

5.2 History

  • The dividend of VCM has a limited annual growth rate of 0.04%.
  • VCM has been paying a dividend for at least 10 years, so it has a reliable track record.
  • VCM has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.04%
Div Incr Years0
Div Non Decr Years11
VCM.CA Yearly Dividends per shareVCM.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.05 0.1 0.15 0.2

5.3 Sustainability

  • VCM has negative earnings and hence a negative payout ratio. The dividend may be in danger.
  • The dividend of VCM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-45.7%
EPS Next 2Y191.38%
EPS Next 3YN/A
VCM.CA Yearly Income VS Free CF VS DividendVCM.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M -20M

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VCM.CA Fundamentals: All Metrics, Ratios and Statistics

VECIMA NETWORKS INC

TSX:VCM (4/23/2026, 7:00:00 PM)

13.375

+0.02 (+0.11%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)02-12
Earnings (Next)05-14
Inst Owners15.46%
Inst Owner ChangeN/A
Ins Owners1.42%
Ins Owner ChangeN/A
Market Cap325.15M
Revenue(TTM)277.53M
Net Income(TTM)-11.71M
Analysts80
Price Target18.36 (37.27%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.65%
Yearly Dividend0.22
Dividend Growth(5Y)0.04%
DP-45.7%
Div Incr Years0
Div Non Decr Years11
Ex-Date02-27
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)54.51%
Min EPS beat(2)-45.99%
Max EPS beat(2)155.01%
EPS beat(4)1
Avg EPS beat(4)-32.77%
Min EPS beat(4)-152.11%
Max EPS beat(4)155.01%
EPS beat(8)1
Avg EPS beat(8)-63.45%
EPS beat(12)4
Avg EPS beat(12)-19.12%
EPS beat(16)8
Avg EPS beat(16)31.86%
Revenue beat(2)2
Avg Revenue beat(2)2.35%
Min Revenue beat(2)0.78%
Max Revenue beat(2)3.91%
Revenue beat(4)2
Avg Revenue beat(4)-2.49%
Min Revenue beat(4)-13.09%
Max Revenue beat(4)3.91%
Revenue beat(8)2
Avg Revenue beat(8)-4.33%
Revenue beat(12)3
Avg Revenue beat(12)-2.86%
Revenue beat(16)7
Avg Revenue beat(16)0.2%
PT rev (1m)0%
PT rev (3m)3.85%
EPS NQ rev (1m)0%
EPS NQ rev (3m)477.8%
EPS NY rev (1m)0%
EPS NY rev (3m)-13.89%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)9.36%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.14%
Valuation
Industry RankSector Rank
PE 222.92
Fwd PE 11.45
P/S 1.17
P/FCF N/A
P/OCF 11.4
P/B 1.53
P/tB 3.6
EV/EBITDA 13.97
EPS(TTM)0.06
EY0.45%
EPS(NY)1.17
Fwd EY8.73%
FCF(TTM)-0.3
FCFYN/A
OCF(TTM)1.17
OCFY8.77%
SpS11.42
BVpS8.73
TBVpS3.71
PEG (NY)0.81
PEG (5Y)N/A
Graham Number3.4324 (-74.34%)
Profitability
Industry RankSector Rank
ROA -3.55%
ROE -5.52%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 40.48%
FCFM N/A
ROA(3y)2.62%
ROA(5y)2.2%
ROE(3y)4.14%
ROE(5y)3.42%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-7.55%
GM growth 5Y-6.99%
F-Score2
Asset Turnover0.84
Health
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF N/A
Debt/EBITDA 2.26
Cap/Depr 132.04%
Cap/Sales 12.88%
Interest Coverage N/A
Cash Conversion 111.16%
Profit Quality N/A
Current Ratio 1.54
Quick Ratio 0.43
Altman-Z 3.45
F-Score2
WACC10.04%
ROIC/WACCN/A
Cap/Depr(3y)134.86%
Cap/Depr(5y)132.21%
Cap/Sales(3y)10.32%
Cap/Sales(5y)11.68%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-86.05%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%116%
EPS Next Y273.94%
EPS Next 2Y191.38%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-13.47%
Revenue growth 3Y15.24%
Revenue growth 5Y24.67%
Sales Q2Q%3.51%
Revenue Next Year4.82%
Revenue Next 2Y13.47%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-105.22%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year274.84%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y71.4%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y678.01%
OCF growth 3Y154.09%
OCF growth 5Y40.92%

VECIMA NETWORKS INC / VCM.CA Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for VECIMA NETWORKS INC?

ChartMill assigns a fundamental rating of 4 / 10 to VCM.CA.


What is the valuation status for VCM stock?

ChartMill assigns a valuation rating of 5 / 10 to VECIMA NETWORKS INC (VCM.CA). This can be considered as Fairly Valued.


Can you provide the profitability details for VECIMA NETWORKS INC?

VECIMA NETWORKS INC (VCM.CA) has a profitability rating of 2 / 10.


What is the earnings growth outlook for VECIMA NETWORKS INC?

The Earnings per Share (EPS) of VECIMA NETWORKS INC (VCM.CA) is expected to grow by 273.94% in the next year.


How sustainable is the dividend of VECIMA NETWORKS INC (VCM.CA) stock?

The dividend rating of VECIMA NETWORKS INC (VCM.CA) is 6 / 10 and the dividend payout ratio is -45.7%.