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Vecima Networks Inc
TSX:VCM

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Vecima Networks Inc Logo
Vecima Networks Inc
TSX:VCM
Watchlist
Price: 20.2 CAD -1.46% Market Closed
Updated: Mar 28, 2024

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%.

Key Points:
VCM Intrinsic Value
Base Case
27.54 CAD
Undervaluation 27%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Vecima Networks Inc

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Fundamental Analysis

Vecima Forecasts Robust Growth and Innovation
2024-Q2 Earnings Call

Vecima Forecasts Robust Growth and Innovation

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.

Financials

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
Efficiency

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

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3-Years Average
FCF Margin
Conversion Rate
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Fundamental Scores

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.

Exceptional 3-Years Revenue Growth
Positive Gross Profit
ROE is Increasing
ROIC is Increasing
50/100
Profitability
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.

Low D/E
High Altman Z-Score
Long-Term Solvency
Short-Term Solvency
50/100
Solvency
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

Wall Street analysts forecast VCM stock price to rise over the next 12 months.

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.

Lowest
Price Target
23.23 CAD
15% Upside
Average
Price Target
26.27 CAD
30% Upside
Highest
Price Target
30.45 CAD
51% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

VCM Price
Vecima Networks Inc

1M 1M
+15%
6M 6M
+13%
1Y 1Y
-10%
3Y 3Y
+41%
5Y 5Y
+128%
10Y 10Y
+306%
Annual Price Range
20.2
52w Low
14.79
52w High
23.1317
Price Metrics
Average Annual Return 22.18%
Standard Deviation of Annual Returns 17.61%
Max Drawdown -36%
Shares Statistics
Market Capitalization 491.1m CAD
Shares Outstanding 24 311 600
Percentage of Shares Shorted 0.03%

VCM Return Decomposition
Main factors of price return

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Company Profile

Vecima Networks Inc Logo
Vecima Networks Inc

Country

Canada

Industry

Communications

Market Cap

491.1m CAD

Dividend Yield

1.09%

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

BRITISH COLUMBIA
Victoria
771 Vanalman Ave
+12508811982.0
https://www.vecima.com/

IPO

2005-11-14

Employees

497

Officers

Founder & Chairman of the Board
Dr. Surinder G. Kumar Ph.D.
CEO, President & Non Independent Director
Mr. Sumit Kumar
Chief Financial Officer
Mr. Dale Booth
Chief Operating Officer
Mr. Clay McCreery
Executive Vice-President
Mr. Richard Rockwell
Senior VP and GM of the Video & Broadband Solutions Business Unit
Mr. Ryan Nicometo
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Chief Technology Officer
Mr. Colin Andrew Howlett
General Counsel & Corporate Secretary
Ms. Heather Asher
Head of Corporate Communications
Anne-Marie DeSouza
Senior Vice President of Global Sales & Marketing
Mr. German Iaryczower
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See Also

Discover More
What is the Intrinsic Value of one VCM stock?

The intrinsic value of one VCM stock under the Base Case scenario is 27.54 CAD.

Is VCM stock undervalued or overvalued?

Compared to the current market price of 20.2 CAD, Vecima Networks Inc is Undervalued by 27%.