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Viva Energy REIT

ASX:VVR
Snowflake Description

Overvalued with concerning outlook.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VVR
ASX
A$2B
Market Cap
  1. Home
  2. AU
  3. Real Estate
Company description

Viva Energy REIT is Australia’s largest listed REIT owning solely service station properties with a high quality portfolio of service stations across all Australian States and Territories. The last earnings update was 53 days ago. More info.


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VVR Share Price and Events
7 Day Returns
2.1%
ASX:VVR
0.1%
AU REITs
1.3%
AU Market
1 Year Returns
41.2%
ASX:VVR
20.5%
AU REITs
9.9%
AU Market
VVR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Viva Energy REIT (VVR) 2.1% 7.2% 14.2% 41.2% 25.7% -
AU REITs 0.1% 0.4% -2.8% 20.5% 23.4% 58.9%
AU Market 1.3% -0.6% -1% 9.9% 17.6% 17.8%
1 Year Return vs Industry and Market
  • VVR outperformed the REITs industry which returned 20.5% over the past year.
  • VVR outperformed the Market in Australia which returned 9.9% over the past year.
Price Volatility
VVR
Industry
5yr Volatility vs Market

Value

 Is Viva Energy REIT undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Viva Energy REIT to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Viva Energy REIT.

ASX:VVR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:VVR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.47 (1 + (1- 30%) (35.44%))
0.723
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.8 * 5.96%)
7.08%

Discounted Cash Flow Calculation for ASX:VVR using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

ASX:VVR Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$3.53
Current discount Discount to share price of A$2.98
= -1 x (A$2.98 - A$3.53) / A$3.53
15.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Viva Energy REIT is available for.
Intrinsic value
16%
Share price is A$2.98 vs Future cash flow value of A$3.53
Current Discount Checks
For Viva Energy REIT to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Viva Energy REIT's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Viva Energy REIT's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Viva Energy REIT's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Viva Energy REIT's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:VVR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$0.18
ASX:VVR Share Price ** ASX (2019-10-11) in AUD A$2.98
Australia REITs Industry PE Ratio Median Figure of 38 Publicly-Listed REITs Companies 15.7x
Australia Market PE Ratio Median Figure of 557 Publicly-Listed Companies 17.93x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Viva Energy REIT.

ASX:VVR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:VVR Share Price ÷ EPS (both in AUD)

= 2.98 ÷ 0.18

16.14x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Viva Energy REIT is overvalued based on earnings compared to the AU REITs industry average.
  • Viva Energy REIT is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Viva Energy REIT's expected growth come at a high price?
Raw Data
ASX:VVR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
4%per year
Australia REITs Industry PEG Ratio Median Figure of 31 Publicly-Listed REITs Companies 1.2x
Australia Market PEG Ratio Median Figure of 357 Publicly-Listed Companies 1.69x

*Line of best fit is calculated by linear regression .

ASX:VVR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.14x ÷ 4%

4.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Viva Energy REIT is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Viva Energy REIT's assets?
Raw Data
ASX:VVR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$0.00
ASX:VVR Share Price * ASX (2019-10-11) in AUD A$2.98
Australia REITs Industry PB Ratio Median Figure of 43 Publicly-Listed REITs Companies 1.11x
Australia Market PB Ratio Median Figure of 1,705 Publicly-Listed Companies 1.8x
ASX:VVR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:VVR Share Price ÷ Book Value per Share (both in AUD)

= 2.98 ÷ 0.00

3031.54x

* Primary Listing of Viva Energy REIT.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Viva Energy REIT is overvalued based on assets compared to the AU REITs industry average.
X
Value checks
We assess Viva Energy REIT's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Viva Energy REIT has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Viva Energy REIT expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Viva Energy REIT expected to grow at an attractive rate?
  • Viva Energy REIT's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Viva Energy REIT's earnings growth is positive but not above the Australia market average.
  • Viva Energy REIT's revenue growth is positive but not above the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:VVR Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:VVR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 4%
ASX:VVR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 2.7%
Australia REITs Industry Earnings Growth Rate Market Cap Weighted Average 2.5%
Australia REITs Industry Revenue Growth Rate Market Cap Weighted Average -3.7%
Australia Market Earnings Growth Rate Market Cap Weighted Average 10.2%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:VVR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:VVR Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 166 125 157 3
2020-12-31 159 119 151 3
2019-12-31 150 111 127 3
2019-10-13
ASX:VVR Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 169 108 164
2019-03-31 166 100 166
2018-12-31 163 92 167
2018-09-30 162 85 177
2018-06-30 161 78 187
2018-03-31 159 88 179
2017-12-31 158 97 170
2016-12-31 106 75 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Viva Energy REIT's earnings are expected to grow by 4% yearly, however this is not considered high growth (20% yearly).
  • Viva Energy REIT's revenue is expected to grow by 2.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:VVR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Viva Energy REIT Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:VVR Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.24 0.24 0.24 1.00
2020-12-31 0.24 0.24 0.24 1.00
2019-12-31 0.19 0.19 0.19 1.00
2019-10-13
ASX:VVR Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 0.18
2019-03-31 0.21
2018-12-31 0.23
2018-09-30 0.25
2018-06-30 0.27
2018-03-31 0.26
2017-12-31 0.24
2016-12-31 0.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Viva Energy REIT is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Viva Energy REIT's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Viva Energy REIT has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Viva Energy REIT performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Viva Energy REIT's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Viva Energy REIT's year on year earnings growth rate was positive over the past 5 years.
  • Viva Energy REIT's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Viva Energy REIT's 1-year earnings growth is negative, it can't be compared to the AU REITs industry average.
Earnings and Revenue History
Viva Energy REIT's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Viva Energy REIT Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:VVR Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 169.29 164.41
2019-03-31 166.35 165.74
2018-12-31 163.41 167.08
2018-09-30 162.17 177.01
2018-06-30 160.93 186.95
2018-03-31 159.38 178.72
2017-12-31 157.82 170.50
2016-12-31 105.76 1.67 61.55

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Viva Energy REIT has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Viva Energy REIT used its assets more efficiently than the AU REITs industry average last year based on Return on Assets.
  • Unable to establish if Viva Energy REIT improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Viva Energy REIT's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Viva Energy REIT has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Viva Energy REIT's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Viva Energy REIT's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Viva Energy REIT's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Viva Energy REIT's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Viva Energy REIT's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Viva Energy REIT Company Filings, last reported 3 months ago.

ASX:VVR Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,692.15 822.48 22.12
2019-03-31 1,692.15 822.48 22.12
2018-12-31 1,594.66 857.06 13.21
2018-09-30 1,594.66 857.06 13.21
2018-06-30 1,598.52 761.00 33.80
2018-03-31 1,598.52 761.00 33.80
2017-12-31 1,589.46 732.95 43.63
2016-12-31 1,429.69 731.51 54.12
  • Viva Energy REIT's level of debt (48.6%) compared to net worth is high (greater than 40%).
  • Unable to establish if Viva Energy REIT's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (13.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5x coverage).
X
Financial health checks
We assess Viva Energy REIT's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Viva Energy REIT has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Viva Energy REIT's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.82%
Current annual income from Viva Energy REIT dividends. Estimated to be 5.12% next year.
If you bought A$2,000 of Viva Energy REIT shares you are expected to receive A$96 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Viva Energy REIT's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.5%).
  • Viva Energy REIT's dividend is below the markets top 25% of dividend payers in Australia (5.6%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:VVR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Australia REITs Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 4.4%
Australia Market Average Dividend Yield Market Cap Weighted Average of 407 Stocks 4.2%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:VVR Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.16 3.00
2020-12-31 0.15 3.00
2019-12-31 0.15 3.00
2019-10-13
ASX:VVR Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-06-12 0.144 5.239
2018-12-17 0.141 5.820
2018-08-22 0.140 6.423
2018-01-24 0.132 6.368
2017-07-20 0.132 6.082
2017-01-16 0.053 2.247

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Viva Energy REIT has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Viva Energy REIT only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Viva Energy REIT's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess Viva Energy REIT's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Viva Energy REIT afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Viva Energy REIT has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Viva Energy REIT's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Margaret Kennedy
CEO Bio

Ms. Margaret Kennedy serves as Managing Director of VER Manager Pty Limited at Viva Energy REIT. Ms. Kennedy most recent role was as the General Manager Sales for Viva Energy, where she had oversight of all Viva Energy’s customer facing businesses, including for Coles Express and the dealer owned retail network as well for all commercial segments (fuels, marine & lubricants). She has had extensive retail network planning experience sitting on the Coles Express. Her former roles include Retail Business Manager, Aviation Operations and Joint Venture Manager for Asia Pacific, Business Development Manager and LNG Business Manager.

CEO Compensation
  • Insufficient data for Margaret to compare compensation growth.
  • Insufficient data for Margaret to establish whether their remuneration is reasonable compared to companies of similar size in Australia.
Management Team

Margaret Kennedy

TITLE
Managing Director

Guy Farrands

TITLE
Chief Financial Officer
AGE
56

Cameron Sinclair

TITLE
Investor Relations

Tina Mitas

TITLE
General Counsel & Company Secretary
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure of the Viva Energy REIT board of directors in years:

3.3
Average Tenure
  • The tenure for the Viva Energy REIT board of directors is about average.
Board of Directors

Laurie Brindle

TITLE
Independent Non-Executive Chairman
COMPENSATION
A$200K
TENURE
3.3 yrs

Stephen Newton

TITLE
Independent Non-Executive Director
COMPENSATION
A$120K
AGE
66
TENURE
3.3 yrs

Georgina Lynch

TITLE
Independent Non-Executive Director
COMPENSATION
A$110K
TENURE
3.3 yrs

Lachlan Pfeiffer

TITLE
Non-Independent Non-Executive Director
TENURE
2.6 yrs

Jevan Bouzo

TITLE
Director
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
09. Sep 19 Sell The Vanguard Group, Inc. Company 07. Sep 17 29. Aug 19 -4,633,421 A$2.97 A$-13,759,284
09. Sep 19 Buy The Vanguard Group, Inc. Company 29. Aug 17 05. Sep 19 15,092,423 A$2.69 A$40,598,619
05. Aug 19 Sell ASB Group Investments Ltd. Company 06. May 19 06. May 19 -49,724 A$2.43 A$-120,807
05. Aug 19 Buy ASB Group Investments Ltd. Company 06. May 19 06. May 19 72,044 A$2.41 A$173,293
05. Aug 19 Sell Colonial First State Asset Management (Australia) Limited Company 18. Feb 19 02. Aug 19 -3,601,827 A$2.52 A$-8,982,188
05. Aug 19 Buy Colonial First State Asset Management (Australia) Limited Company 18. Feb 19 01. Aug 19 9,129,560 A$2.50 A$21,989,202
18. Feb 19 Buy Colonial First State Asset Management (Australia) Limited Company 15. Feb 19 15. Feb 19 2,510 A$2.40 A$6,024
15. Feb 19 Sell Realindex Investments Pty Limited Company 13. Feb 19 14. Feb 19 -36,411 A$2.39 A$-86,897
15. Feb 19 Sell Colonial First State Asset Management (Australia) Limited Company 13. Feb 19 13. Feb 19 -277,231 A$2.38 A$-658,479
15. Feb 19 Buy Colonial First State Asset Management (Australia) Limited Company 14. Feb 19 14. Feb 19 13,293 A$2.39 A$31,768
13. Feb 19 Sell Realindex Investments Pty Limited Company 29. Jun 18 01. Feb 19 -1,224,952 A$2.14 A$-2,622,865
13. Feb 19 Buy Realindex Investments Pty Limited Company 28. Jun 18 07. Feb 19 3,547,904 A$2.20 A$7,790,525
13. Feb 19 Sell ASB Group Investments Ltd. Company 31. Jan 19 31. Jan 19 -63,458 A$2.27 A$-144,044
13. Feb 19 Buy ASB Group Investments Ltd. Company 04. Feb 19 04. Feb 19 72,946 A$2.26 A$164,882
13. Feb 19 Sell Colonial First State Asset Management (Australia) Limited Company 28. Jun 18 12. Feb 19 -12,945,146 A$2.24 A$-28,515,729
13. Feb 19 Buy Colonial First State Asset Management (Australia) Limited Company 28. Jun 18 06. Feb 19 4,810,662 A$2.20 A$10,482,097
X
Management checks
We assess Viva Energy REIT's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Viva Energy REIT has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Investing In Property Through Viva Energy REIT (ASX:VVR)

Viva Energy REIT is a AU$2.1b small-cap, real estate investment trust (REIT) based in Docklands, Australia. … Check out our latest analysis for Viva Energy REIT A common financial term REIT investors should know is Funds from Operations, or FFO for short, which is a REIT's main source of income from its portfolio of property, such as rent. … Next Steps: As a REIT, Viva Energy REIT offers some unique characteristics which could help diversify your portfolio.

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What Should We Expect From Viva Energy REIT's (ASX:VVR) Earnings In The Next Couple Of Years?

Today I want to provide a brief commentary on how market analysts view Viva Energy REIT's earnings growth trajectory over the next few years and whether the future looks brighter. … View our latest analysis for Viva Energy REIT Market analysts' consensus outlook for the upcoming year seems rather muted, with earnings expanding by a single digit 4.1%. … The benefit of this method is that we can get a better picture of the direction of Viva Energy REIT's earnings trajectory over the long run, irrespective of near term fluctuations, which may be more relevant for long term investors.

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Is Viva Energy REIT's (ASX:VVR) 10% ROE Strong Compared To Its Industry?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Viva Energy REIT: 10% = AU$167m ÷ AU$1.6b (Based on the trailing twelve months to December 2018.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Does Viva Energy REIT Have A Good Return On Equity? … Combining Viva Energy REIT's Debt And Its 10% Return On Equity Although Viva Energy REIT does use debt, its debt to equity ratio of 0.54 is still low.

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Viva Energy REIT (ASX:VVR) Shareholders Have Enjoyed A 28% Share Price Gain

To wit, the Viva Energy REIT (ASX:VVR) share price is 28% higher than it was a year ago, much better than the market return of around 4.6% (not including dividends) in the same period. … In the case of Viva Energy REIT, it has a TSR of 36% for the last year. … A Different Perspective Viva Energy REIT boasts a total shareholder return of 36% for the last year(that includes the dividends).

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Is Viva Energy REIT (ASX:VVR) At Risk Of Cutting Its Dividend?

Is Viva Energy REIT (ASX:VVR) a good dividend stock? … Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments. … Viva Energy REIT pays a 5.9% dividend yield, and has been paying dividends for the past two years.

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You May Have Been Looking At Viva Energy REIT (ASX:VVR) All Wrong

Viva Energy REIT is a AU$2.0b. … View our latest analysis for Viva Energy REIT … A common financial term REIT investors should know is Funds from Operations, or FFO for short, which is a REIT's main source of income from its portfolio of property, such as rent

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What Kind Of Shareholder Owns Most Viva Energy REIT (ASX:VVR) Stock?

Every investor in Viva Energy REIT (ASX:VVR) should be aware of the most powerful shareholder groups. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … institutions are noticeable on the share registry.

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If You Had Bought Viva Energy REIT Shares A Year Ago You'd Have Made 19%

For example, the Viva Energy REIT (ASX:VVR) share price is up 19% in the last year, clearly besting than the market return of around 7.4%. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics.

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With A Return On Equity Of 12%, Has Viva Energy REIT's (ASX:VVR) Management Done Well?

By way of learning-by-doing, we'll look at ROE to gain a better understanding of Viva Energy REIT (ASX:VVR). … Our data shows Viva Energy REIT has a return on equity of 12% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

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Do Directors Own Viva Energy REIT (ASX:VVR) Shares?

If you want to know who really controls Viva Energy REIT (ASX:VVR), then you'll have to look at the makeup of its share registry. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Viva Energy REIT isn't enormous, but it's not particularly small either.

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Company Info

Description

Viva Energy REIT is Australia’s largest listed REIT owning solely service station properties with a high quality portfolio of service stations across all Australian States and Territories. Viva Energy REIT’s objective is to maximize the long-term income and capital returns from its ownership of the portfolio for the benefit of all security holders. Viva Energy REIT is a stapled entity in which one share in Viva Energy REIT Limited (ABN 35 612 986 517) is stapled to one unit in the Viva Energy REIT Trust (ARSN 613 146 464). This ASX announcement is prepared for information purposes only and is correct at the time of release to the ASX. Factual circumstances may change following the release of this announcement.

Details
Name: Viva Energy REIT
VVR
Exchange: ASX
Founded:
A$2,320,494,885
778,689,559
Website: http://www.vivaenergyreit.com.au
Address: Viva Energy REIT
720 Bourke Street,
Level 16,
Docklands,
Victoria, 3008,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX VVR Stapled Securities Australian Securities Exchange AU AUD 03. Aug 2016
CHIA VVR Stapled Securities Chi-X Australia AU AUD 03. Aug 2016
Number of employees
Current staff
Staff numbers
0
Viva Energy REIT employees.
Industry
Retail REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 10:47
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/10/09
Last earnings filing: 2019/08/21
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.