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VIQ SOLUTIONS INC (VQS) Stock Fundamental Analysis

NASDAQ:VQS - Nasdaq - CA91825V4001 - Common Stock - Currency: USD

0.142  -0.02 (-14.77%)

After market: 0.1336 -0.01 (-5.92%)

Fundamental Rating

2

Taking everything into account, VQS scores 2 out of 10 in our fundamental rating. VQS was compared to 281 industry peers in the Software industry. Both the profitability and financial health of VQS have multiple concerns. VQS is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

VQS had negative earnings in the past year.
VQS had a negative operating cash flow in the past year.
VQS had negative earnings in each of the past 5 years.
In the past 5 years VQS reported 4 times negative operating cash flow.
VQS Yearly Net Income VS EBIT VS OCF VS FCFVQS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 0 -5M -10M -15M

1.2 Ratios

VQS has a Return On Assets of -32.00%. This is in the lower half of the industry: VQS underperforms 72.24% of its industry peers.
With a Return On Equity value of -89.42%, VQS is not doing good in the industry: 70.82% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -32%
ROE -89.42%
ROIC N/A
ROA(3y)-30.53%
ROA(5y)-28.36%
ROE(3y)-67.03%
ROE(5y)-125.92%
ROIC(3y)N/A
ROIC(5y)N/A
VQS Yearly ROA, ROE, ROICVQS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 -50 -100 -150 -200

1.3 Margins

VQS's Gross Margin of 45.62% is on the low side compared to the rest of the industry. VQS is outperformed by 70.82% of its industry peers.
VQS's Gross Margin has improved in the last couple of years.
VQS does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 45.62%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y8.99%
GM growth 5Y3.96%
VQS Yearly Profit, Operating, Gross MarginsVQS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 0 20 -20 40 -40 -60

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1

2. Health

2.1 Basic Checks

VQS does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for VQS has been increased compared to 1 year ago.
Compared to 1 year ago, VQS has an improved debt to assets ratio.
VQS Yearly Shares OutstandingVQS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 10M 20M 30M
VQS Yearly Total Debt VS Total AssetsVQS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 10M 20M 30M 40M

2.2 Solvency

Based on the Altman-Z score of -2.85, we must say that VQS is in the distress zone and has some risk of bankruptcy.
VQS's Altman-Z score of -2.85 is on the low side compared to the rest of the industry. VQS is outperformed by 81.14% of its industry peers.
VQS has a Debt/Equity ratio of 0.84. This is a neutral value indicating VQS is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.84, VQS is not doing good in the industry: 71.53% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.84
Debt/FCF N/A
Altman-Z -2.85
ROIC/WACCN/A
WACC10.05%
VQS Yearly LT Debt VS Equity VS FCFVQS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 0 10M -10M 20M

2.3 Liquidity

VQS has a Current Ratio of 0.90. This is a bad value and indicates that VQS is not financially healthy enough and could expect problems in meeting its short term obligations.
VQS has a Current ratio of 0.90. This is in the lower half of the industry: VQS underperforms 79.72% of its industry peers.
VQS has a Quick Ratio of 0.90. This is a bad value and indicates that VQS is not financially healthy enough and could expect problems in meeting its short term obligations.
VQS's Quick ratio of 0.89 is on the low side compared to the rest of the industry. VQS is outperformed by 79.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.9
Quick Ratio 0.89
VQS Yearly Current Assets VS Current LiabilitesVQS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 5M 10M 15M 20M

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5

3. Growth

3.1 Past

VQS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 31.82%, which is quite impressive.
Looking at the last year, VQS shows a quite strong growth in Revenue. The Revenue has grown by 10.56% in the last year.
Measured over the past years, VQS shows a very strong growth in Revenue. The Revenue has been growing by 31.34% on average per year.
EPS 1Y (TTM)31.82%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%9.09%
Revenue 1Y (TTM)10.56%
Revenue growth 3Y26.53%
Revenue growth 5Y31.34%
Sales Q2Q%-14.84%

3.2 Future

VQS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.76% yearly.
VQS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.84% yearly.
EPS Next Y-4.61%
EPS Next 2Y17.76%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year0.41%
Revenue Next 2Y0.84%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
VQS Yearly Revenue VS EstimatesVQS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
VQS Yearly EPS VS EstimatesVQS Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 -0.2 -0.4 -0.6

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0

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for VQS. In the last year negative earnings were reported.
Also next year VQS is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
VQS Price Earnings VS Forward Price EarningsVQS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
VQS Per share dataVQS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.2 -0.2 0.4 0.6 0.8 1

4.3 Compensation for Growth

A more expensive valuation may be justified as VQS's earnings are expected to grow with 17.76% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y17.76%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

VQS does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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VIQ SOLUTIONS INC

NASDAQ:VQS (10/4/2023, 8:00:02 PM)

After market: 0.1336 -0.01 (-5.92%)

0.142

-0.02 (-14.77%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)08-14 2023-08-14/amc
Earnings (Next)11-07 2023-11-07/amc
Inst Owners0.04%
Inst Owner Change0%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap5.78M
Analysts80
Price Target0.51 (259.15%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-16.89%
Min EPS beat(2)-23.76%
Max EPS beat(2)-10.01%
EPS beat(4)1
Avg EPS beat(4)-6.15%
Min EPS beat(4)-23.76%
Max EPS beat(4)27.99%
EPS beat(8)N/A
Avg EPS beat(8)N/A
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)0
Avg Revenue beat(2)-12.59%
Min Revenue beat(2)-12.93%
Max Revenue beat(2)-12.24%
Revenue beat(4)0
Avg Revenue beat(4)-11.09%
Min Revenue beat(4)-12.93%
Max Revenue beat(4)-8.42%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
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)-59.63%
PT rev (3m)-60.3%
EPS NQ rev (1m)9.09%
EPS NQ rev (3m)16.67%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.75%
Revenue NQ rev (1m)-4.68%
Revenue NQ rev (3m)-6.86%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-6%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.14
P/FCF N/A
P/OCF N/A
P/B 0.49
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-0.3
EYN/A
EPS(NY)-0.17
Fwd EYN/A
FCF(TTM)-0.14
FCFYN/A
OCF(TTM)-0.07
OCFYN/A
SpS1.04
BVpS0.29
TBVpS-0.23
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -32%
ROE -89.42%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 45.62%
FCFM N/A
ROA(3y)-30.53%
ROA(5y)-28.36%
ROE(3y)-67.03%
ROE(5y)-125.92%
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
ROICexcg growth 3YN/A
ROICexcg 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 3Y8.99%
GM growth 5Y3.96%
F-Score3
Asset Turnover1.29
Health
Industry RankSector Rank
Debt/Equity 0.84
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 44.13%
Cap/Sales 6.8%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.9
Quick Ratio 0.89
Altman-Z -2.85
F-Score3
WACC10.05%
ROIC/WACCN/A
Cap/Depr(3y)45.87%
Cap/Depr(5y)97.08%
Cap/Sales(3y)6.77%
Cap/Sales(5y)9.46%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)31.82%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%9.09%
EPS Next Y-4.61%
EPS Next 2Y17.76%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)10.56%
Revenue growth 3Y26.53%
Revenue growth 5Y31.34%
Sales Q2Q%-14.84%
Revenue Next Year0.41%
Revenue Next 2Y0.84%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y14.79%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year89.42%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-1.97%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y17.29%
OCF growth 3YN/A
OCF growth 5YN/A