Vecima Networks Inc
TSX:VCM
Intrinsic Value
Vecima Networks, Inc. focuses on developing integrated hardware and scalable software solutions for broadband access, content delivery, and telematics. [ Read More ]
The intrinsic value of one VCM stock under the Base Case scenario is 27.54 CAD. Compared to the current market price of 20.2 CAD, Vecima Networks Inc is Undervalued by 27%.
Valuation Backtest
Vecima Networks Inc
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Fundamental Analysis
Vecima Forecasts Robust Growth and Innovation
2024-Q2 Earnings Call
Vecima Networks is gearing up for substantial growth, fueled by global operators upgrading their broadband and IPTV networks. The company plans to hit new quarterly sales run rates by the year's end that could be up to 60% higher compared to the previous year. This growth is expected to persist into fiscal 2025, backed by a strong order backlog and partnerships with major Tier 1 operators. Despite a slower first half, Vecima anticipates fiscal 2024 revenues to match the record results of fiscal 2023. With new opportunities in the Content Delivery and Storage segment, consistent growth in the Telematics business, and developing tech like the GAP node platform, Vecima is poised for a new growth phase.
Balance Sheet Decomposition
Vecima Networks Inc
Current Assets | 218.5m |
Cash & Short-Term Investments | 2.6m |
Receivables | 66m |
Other Current Assets | 149.9m |
Non-Current Assets | 158.1m |
PP&E | 15.7m |
Intangibles | 102.4m |
Other Non-Current Assets | 40.1m |
Current Liabilities | 138.1m |
Accounts Payable | 77.1m |
Short-Term Debt | 44.1m |
Other Current Liabilities | 16.9m |
Non-Current Liabilities | 17.8m |
Long-Term Debt | 13.2m |
Other Non-Current Liabilities | 4.7m |
Earnings Waterfall
Vecima Networks Inc
Revenue
|
277.2m
CAD
|
Cost of Revenue
|
-146.6m
CAD
|
Gross Profit
|
130.6m
CAD
|
Operating Expenses
|
-110.4m
CAD
|
Operating Income
|
20.2m
CAD
|
Other Expenses
|
-5.3m
CAD
|
Net Income
|
14.9m
CAD
|
Free Cash Flow Analysis
Vecima Networks Inc
What is Free Cash Flow?
VCM Profitability Score
Profitability Due Diligence
Vecima Networks Inc's profitability score is 50/100. The higher the profitability score, the more profitable the company is.
Score
Vecima Networks Inc's profitability score is 50/100. The higher the profitability score, the more profitable the company is.
VCM Solvency Score
Solvency Due Diligence
Vecima Networks Inc's solvency score is 50/100. The higher the solvency score, the more solvent the company is.
Score
Vecima Networks Inc's solvency score is 50/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
VCM Price Targets Summary
Vecima Networks Inc
According to Wall Street analysts, the average 1-year price target for VCM is 26.27 CAD with a low forecast of 23.23 CAD and a high forecast of 30.45 CAD.
Shareholder Return
VCM Price
Vecima Networks Inc
Average Annual Return | 22.18% |
Standard Deviation of Annual Returns | 17.61% |
Max Drawdown | -36% |
Market Capitalization | 491.1m CAD |
Shares Outstanding | 24 311 600 |
Percentage of Shares Shorted | 0.03% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Vecima Networks, Inc. focuses on developing integrated hardware and scalable software solutions for broadband access, content delivery, and telematics. The company is headquartered in Victoria, British Columbia and currently employs 497 full-time employees. The company went IPO on 2005-11-14. The firm's Video and Broadband Solutions (VBS) segment includes platforms that process data from the cable network and deliver Internet connectivity to homes over cable and fiber as well as adapt video services to formats suitable to be consumed on televisions in commercial properties. Its Content Delivery and Storage (CDS) segment includes solutions and software, under the MediaScaleX brand, for service providers and content owners that focus on ingesting, producing, storing, delivering and streaming video for live linear, Video on Demand (VOD), network Digital Video Recorder (nDVR) and time-shifted services over the Internet. Its Telematics segment provides fleet managers with information and analytics they require to manage their mobile and fixed assets under the Contigo and Nero Global Tracking brands.
Contact
IPO
Employees
Officers
The intrinsic value of one VCM stock under the Base Case scenario is 27.54 CAD.
Compared to the current market price of 20.2 CAD, Vecima Networks Inc is Undervalued by 27%.