VITESSE ENERGY INC (VTS) Stock Fundamental Analysis
NYSE:VTS - New York Stock Exchange, Inc. - US92852X1037 - Common Stock - Currency: USD
Taking everything into account, VTS scores 3 out of 10 in our fundamental rating. VTS was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of VTS while its profitability can be described as average. VTS has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year VTS was profitable.
In the past year VTS had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: VTS reported negative net income in multiple years.
In the past 5 years VTS always reported a positive cash flow from operatings.
1.2 Ratios
VTS's Return On Assets of 2.66% is in line compared to the rest of the industry. VTS outperforms 45.24% of its industry peers.
VTS's Return On Equity of 3.88% is in line compared to the rest of the industry. VTS outperforms 42.86% of its industry peers.
VTS's Return On Invested Capital of 2.99% is on the low side compared to the rest of the industry. VTS is outperformed by 67.14% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for VTS is significantly below the industry average of 23.80%.
The last Return On Invested Capital (2.99%) for VTS is well below the 3 year average (9.31%), which needs to be investigated, but indicates that VTS had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.66% | ||
| ROE | 3.88% | ||
| ROIC | 2.99% |
ROA(3y)5.93%
ROA(5y)3.86%
ROE(3y)7.05%
ROE(5y)4.6%
ROIC(3y)9.31%
ROIC(5y)N/A
1.3 Margins
The Profit Margin of VTS (10.49%) is comparable to the rest of the industry.
VTS's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 13.47%, VTS perfoms like the industry average, outperforming 44.76% of the companies in the same industry.
In the last couple of years the Operating Margin of VTS has declined.
VTS's Gross Margin of 71.20% is amongst the best of the industry. VTS outperforms 81.90% of its industry peers.
VTS's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.47% | ||
| PM (TTM) | 10.49% | ||
| GM | 71.2% |
OM growth 3Y-16.52%
OM growth 5Y-4.69%
PM growth 3Y-3.82%
PM growth 5Y-16.11%
GM growth 3Y1.44%
GM growth 5Y1.64%
2. Health
2.1 Basic Checks
VTS has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, VTS has less shares outstanding
The debt/assets ratio for VTS is higher compared to a year ago.
2.2 Solvency
VTS has an Altman-Z score of 2.10. This is not the best score and indicates that VTS is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.10, VTS is in the better half of the industry, outperforming 69.52% of the companies in the same industry.
VTS has a debt to FCF ratio of 5.97. This is a neutral value as VTS would need 5.97 years to pay back of all of its debts.
VTS's Debt to FCF ratio of 5.97 is in line compared to the rest of the industry. VTS outperforms 60.00% of its industry peers.
A Debt/Equity ratio of 0.18 indicates that VTS is not too dependend on debt financing.
The Debt to Equity ratio of VTS (0.18) is better than 71.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 5.97 | ||
| Altman-Z | 2.1 |
ROIC/WACC0.32
WACC9.46%
2.3 Liquidity
VTS has a Current Ratio of 0.73. This is a bad value and indicates that VTS is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.73, VTS is not doing good in the industry: 73.81% of the companies in the same industry are doing better.
A Quick Ratio of 0.73 indicates that VTS may have some problems paying its short term obligations.
With a Quick ratio value of 0.73, VTS is not doing good in the industry: 67.62% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.73 | ||
| Quick Ratio | 0.73 |
3. Growth
3.1 Past
The earnings per share for VTS have decreased strongly by -37.34% in the last year.
VTS shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -13.85% yearly.
Looking at the last year, VTS shows a small growth in Revenue. The Revenue has grown by 4.15% in the last year.
Measured over the past years, VTS shows a small growth in Revenue. The Revenue has been growing by 7.15% on average per year.
EPS 1Y (TTM)-37.34%
EPS 3Y-2.03%
EPS 5Y-13.85%
EPS Q2Q%-32.35%
Revenue 1Y (TTM)4.15%
Revenue growth 3Y9.33%
Revenue growth 5Y7.15%
Sales Q2Q%8.13%
3.2 Future
The Earnings Per Share is expected to grow by 15.08% on average over the next years. This is quite good.
VTS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.15% yearly.
EPS Next Y-69.7%
EPS Next 2Y-11.66%
EPS Next 3Y15.08%
EPS Next 5YN/A
Revenue Next Year8.28%
Revenue Next 2Y2.08%
Revenue Next 3Y0.15%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
With a Price/Earnings ratio of 23.11, VTS is valued on the expensive side.
The rest of the industry has a similar Price/Earnings ratio as VTS.
When comparing the Price/Earnings ratio of VTS to the average of the S&P500 Index (27.19), we can say VTS is valued inline with the index average.
VTS is valuated quite expensively with a Price/Forward Earnings ratio of 26.65.
Based on the Price/Forward Earnings ratio, VTS is valued a bit more expensive than 63.81% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 35.33. VTS is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.11 | ||
| Fwd PE | 26.65 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of VTS is on the same level as its industry peers.
The rest of the industry has a similar Price/Free Cash Flow ratio as VTS.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 45.09 | ||
| EV/EBITDA | 7.45 |
4.3 Compensation for Growth
A more expensive valuation may be justified as VTS's earnings are expected to grow with 15.08% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-11.66%
EPS Next 3Y15.08%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 9.08%, VTS is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.41, VTS pays a better dividend. On top of this VTS pays more dividend than 85.71% of the companies listed in the same industry.
VTS's Dividend Yield is rather good when compared to the S&P500 average which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.08% |
5.2 History
VTS has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
VTS pays out 282.84% of its income as dividend. This is not a sustainable payout ratio.
DP282.84%
EPS Next 2Y-11.66%
EPS Next 3Y15.08%
22.88
-0.56 (-2.39%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners44.38%
Inst Owner Change0%
Ins Owners17.08%
Ins Owner Change-8.76%
Market Cap883.40M
Analysts77.78
Price Target26.11 (14.12%)
Short Float %7.09%
Short Ratio5.66
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.08% |
Yearly Dividend1.94
Dividend Growth(5Y)N/A
DP282.84%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)89.65%
Min EPS beat(2)11.39%
Max EPS beat(2)167.91%
EPS beat(4)2
Avg EPS beat(4)33.67%
Min EPS beat(4)-38.7%
Max EPS beat(4)167.91%
EPS beat(8)3
Avg EPS beat(8)13.35%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-2.6%
Min Revenue beat(2)-5.9%
Max Revenue beat(2)0.7%
Revenue beat(4)2
Avg Revenue beat(4)-2.26%
Min Revenue beat(4)-5.9%
Max Revenue beat(4)1.87%
Revenue beat(8)5
Avg Revenue beat(8)-1.23%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.79%
PT rev (3m)-11.42%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-67.74%
EPS NY rev (1m)-29.79%
EPS NY rev (3m)-65.25%
Revenue NQ rev (1m)1.92%
Revenue NQ rev (3m)-7.89%
Revenue NY rev (1m)-7.82%
Revenue NY rev (3m)-11.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.11 | ||
| Fwd PE | 26.65 | ||
| P/S | 3.58 | ||
| P/FCF | 45.09 | ||
| P/OCF | 6.64 | ||
| P/B | 1.32 | ||
| P/tB | 1.32 | ||
| EV/EBITDA | 7.45 |
EPS(TTM)0.99
EY4.33%
EPS(NY)0.86
Fwd EY3.75%
FCF(TTM)0.51
FCFY2.22%
OCF(TTM)3.45
OCFY15.06%
SpS6.4
BVpS17.29
TBVpS17.29
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.66% | ||
| ROE | 3.88% | ||
| ROCE | 3.79% | ||
| ROIC | 2.99% | ||
| ROICexc | 3.01% | ||
| ROICexgc | 3.01% | ||
| OM | 13.47% | ||
| PM (TTM) | 10.49% | ||
| GM | 71.2% | ||
| FCFM | 7.93% |
ROA(3y)5.93%
ROA(5y)3.86%
ROE(3y)7.05%
ROE(5y)4.6%
ROIC(3y)9.31%
ROIC(5y)N/A
ROICexc(3y)9.43%
ROICexc(5y)N/A
ROICexgc(3y)9.43%
ROICexgc(5y)N/A
ROCE(3y)11.79%
ROCE(5y)N/A
ROICexcg growth 3Y-14.63%
ROICexcg growth 5YN/A
ROICexc growth 3Y-14.63%
ROICexc growth 5YN/A
OM growth 3Y-16.52%
OM growth 5Y-4.69%
PM growth 3Y-3.82%
PM growth 5Y-16.11%
GM growth 3Y1.44%
GM growth 5Y1.64%
F-Score4
Asset Turnover0.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 5.97 | ||
| Debt/EBITDA | 0.86 | ||
| Cap/Depr | 109.83% | ||
| Cap/Sales | 45.95% | ||
| Interest Coverage | 3.36 | ||
| Cash Conversion | 97.42% | ||
| Profit Quality | 75.6% | ||
| Current Ratio | 0.73 | ||
| Quick Ratio | 0.73 | ||
| Altman-Z | 2.1 |
F-Score4
WACC9.46%
ROIC/WACC0.32
Cap/Depr(3y)131.76%
Cap/Depr(5y)117.59%
Cap/Sales(3y)42.48%
Cap/Sales(5y)44.73%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-37.34%
EPS 3Y-2.03%
EPS 5Y-13.85%
EPS Q2Q%-32.35%
EPS Next Y-69.7%
EPS Next 2Y-11.66%
EPS Next 3Y15.08%
EPS Next 5YN/A
Revenue 1Y (TTM)4.15%
Revenue growth 3Y9.33%
Revenue growth 5Y7.15%
Sales Q2Q%8.13%
Revenue Next Year8.28%
Revenue Next 2Y2.08%
Revenue Next 3Y0.15%
Revenue Next 5YN/A
EBIT growth 1Y-46%
EBIT growth 3Y-8.74%
EBIT growth 5Y2.13%
EBIT Next Year254.7%
EBIT Next 3Y46.15%
EBIT Next 5YN/A
FCF growth 1Y86.51%
FCF growth 3Y-3.13%
FCF growth 5YN/A
OCF growth 1Y9.2%
OCF growth 3Y21.24%
OCF growth 5Y8.9%