VECIMA NETWORKS INC (VCM.CA) Stock Fundamental Analysis
TSX:VCM • CA92241Y1016
11.6 CAD
+0.45 (+4.04%)
Last: Feb 17, 2026, 07:00 PM
VCM gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 12 industry peers in the Communications Equipment industry. VCM may be in some trouble as it scores bad on both profitability and health. VCM has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- In the past year VCM has reported negative net income.
- VCM had a positive operating cash flow in the past year.
- In multiple years VCM reported negative net income over the last 5 years.
- VCM had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- VCM's Return On Assets of -5.87% is in line compared to the rest of the industry. VCM outperforms 50.00% of its industry peers.
- VCM has a Return On Equity (-9.20%) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.87% | ||
| ROE | -9.2% | ||
| 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
1.3 Margins
- The Gross Margin of VCM (38.23%) is comparable to the rest of the industry.
- In the last couple of years the Gross Margin of VCM has declined.
- VCM does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 38.23% |
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%
2. Health
2.1 Basic Checks
- VCM does not have a ROIC to compare to the WACC, probably because it is not profitable.
- Compared to 1 year ago, VCM has about the same amount of shares outstanding.
- VCM has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, VCM has a worse debt to assets ratio.
2.2 Solvency
- VCM has an Altman-Z score of 3.08. This indicates that VCM is financially healthy and has little risk of bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 3.08, VCM is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
- The Debt to FCF ratio of VCM is 28.40, which is on the high side as it means it would take VCM, 28.40 years of fcf income to pay off all of its debts.
- VCM has a Debt to FCF ratio (28.40) which is in line with its industry peers.
- A Debt/Equity ratio of 0.27 indicates that VCM is not too dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.27, VCM is in line with its industry, outperforming 50.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.27 | ||
| Debt/FCF | 28.4 | ||
| Altman-Z | 3.08 |
ROIC/WACCN/A
WACC9.99%
2.3 Liquidity
- VCM has a Current Ratio of 1.58. This is a normal value and indicates that VCM is financially healthy and should not expect problems in meeting its short term obligations.
- With a Current ratio value of 1.58, VCM perfoms like the industry average, outperforming 58.33% of the companies in the same industry.
- A Quick Ratio of 0.42 indicates that VCM may have some problems paying its short term obligations.
- The Quick ratio of VCM (0.42) is worse than 91.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.58 | ||
| Quick Ratio | 0.42 |
3. Growth
3.1 Past
- VCM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -127.71%.
- Looking at the last year, VCM shows a very negative growth in Revenue. The Revenue has decreased by -11.70% in the last year.
- VCM shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 24.67% yearly.
EPS 1Y (TTM)-127.71%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-50%
Revenue 1Y (TTM)-11.7%
Revenue growth 3Y15.24%
Revenue growth 5Y24.67%
Sales Q2Q%-13.22%
3.2 Future
- Based on estimates for the next years, VCM will show a very strong growth in Earnings Per Share. The EPS will grow by 161.79% on average per year.
- Based on estimates for the next years, VCM will show a quite strong growth in Revenue. The Revenue will grow by 9.95% on average per year.
EPS Next Y302%
EPS Next 2Y161.79%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.63%
Revenue Next 2Y9.95%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings Ratio is negative for VCM. In the last year negative earnings were reported.
- A Price/Forward Earnings ratio of 13.28 indicates a correct valuation of VCM.
- VCM's Price/Forward Earnings ratio is rather cheap when compared to the industry. VCM is cheaper than 100.00% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 28.10, VCM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 13.28 |
4.2 Price Multiples
- 66.67% of the companies in the same industry are more expensive than VCM, based on the Enterprise Value to EBITDA ratio.
- The rest of the industry has a similar Price/Free Cash Flow ratio as VCM.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 115.62 | ||
| EV/EBITDA | 14.34 |
4.3 Compensation for Growth
- VCM's 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 161.79% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y161.79%
EPS Next 3YN/A
5. Dividend
5.1 Amount
- VCM has a Yearly Dividend Yield of 2.16%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 1.08, VCM pays a better dividend. On top of this VCM pays more dividend than 83.33% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, VCM has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.16% |
5.2 History
- The dividend of VCM has a limited annual growth rate of 0.04%.
- VCM has paid a dividend for at least 10 years, which is a reliable track record.
- VCM has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.04%
Div Incr Years0
Div Non Decr Years10
5.3 Sustainability
- The earnings of VCM are negative and hence is the payout ratio. VCM will probably not be able to sustain this dividend level.
- The dividend of VCM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-27.15%
EPS Next 2Y161.79%
EPS Next 3YN/A
TSX:VCM (2/17/2026, 7:00:00 PM)
11.6
+0.45 (+4.04%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)02-12 2026-02-12
Earnings (Next)05-13 2026-05-13
Inst Owners15.45%
Inst Owner ChangeN/A
Ins Owners1.42%
Ins Owner ChangeN/A
Market Cap282.00M
Revenue(TTM)275.03M
Net Income(TTM)-19.70M
Analysts80
Price Target17.68 (52.41%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.16% |
Yearly Dividend0.22
Dividend Growth(5Y)0.04%
DP-27.15%
Div Incr Years0
Div Non Decr Years10
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.45%
Min EPS beat(2)-152.11%
Max EPS beat(2)155.01%
EPS beat(4)1
Avg EPS beat(4)-95.78%
Min EPS beat(4)-298.02%
Max EPS beat(4)155.01%
EPS beat(8)2
Avg EPS beat(8)-39.26%
EPS beat(12)5
Avg EPS beat(12)-12.72%
EPS beat(16)9
Avg EPS beat(16)63.26%
Revenue beat(2)1
Avg Revenue beat(2)1.18%
Min Revenue beat(2)-1.56%
Max Revenue beat(2)3.91%
Revenue beat(4)1
Avg Revenue beat(4)-6.3%
Min Revenue beat(4)-14.45%
Max Revenue beat(4)3.91%
Revenue beat(8)1
Avg Revenue beat(8)-4.47%
Revenue beat(12)3
Avg Revenue beat(12)-2.72%
Revenue beat(16)6
Avg Revenue beat(16)0.09%
PT rev (1m)0%
PT rev (3m)8.33%
EPS NQ rev (1m)0%
EPS NQ rev (3m)344.43%
EPS NY rev (1m)0%
EPS NY rev (3m)5.88%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.1%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 13.28 | ||
| P/S | 1.03 | ||
| P/FCF | 115.62 | ||
| P/OCF | 7.63 | ||
| P/B | 1.32 | ||
| P/tB | 3.05 | ||
| EV/EBITDA | 14.34 |
EPS(TTM)-0.23
EYN/A
EPS(NY)0.87
Fwd EY7.53%
FCF(TTM)0.1
FCFY0.86%
OCF(TTM)1.52
OCFY13.1%
SpS11.31
BVpS8.81
TBVpS3.81
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.87% | ||
| ROE | -9.2% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 38.23% | ||
| FCFM | 0.89% |
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 Turnover0.82
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.27 | ||
| Debt/FCF | 28.4 | ||
| Debt/EBITDA | 2.78 | ||
| Cap/Depr | 132.31% | ||
| Cap/Sales | 12.55% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 176.58% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.58 | ||
| Quick Ratio | 0.42 | ||
| Altman-Z | 3.08 |
F-Score2
WACC9.99%
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)-127.71%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-50%
EPS Next Y302%
EPS Next 2Y161.79%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-11.7%
Revenue growth 3Y15.24%
Revenue growth 5Y24.67%
Sales Q2Q%-13.22%
Revenue Next Year3.63%
Revenue Next 2Y9.95%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-115.86%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year269.97%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y110.97%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y697.91%
OCF growth 3Y154.09%
OCF growth 5Y40.92%
VECIMA NETWORKS INC / VCM.CA 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.
What is the profitability of VCM stock?
VECIMA NETWORKS INC (VCM.CA) has a profitability rating of 2 / 10.
What is the financial health of VECIMA NETWORKS INC (VCM.CA) stock?
The financial health rating of VECIMA NETWORKS INC (VCM.CA) is 3 / 10.