Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Virco Mfg

Nasdaq:VIRC
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VIRC
Nasdaq
$33M
Market Cap
  1. Home
  2. US
  3. Commercial Services
Company description

Virco Mfg. Corporation engages in the design, production, and distribution of furniture for the commercial and education markets in the United States. The last earnings update was 109 days ago. More info.


Add to Portfolio Compare Print
  • Virco Mfg has significant price volatility in the past 3 months.
VIRC Share Price and Events
7 Day Returns
-6.6%
NasdaqGM:VIRC
10.4%
US Commercial Services
12.5%
US Market
1 Year Returns
-51%
NasdaqGM:VIRC
-16.5%
US Commercial Services
-12.7%
US Market
VIRC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Virco Mfg (VIRC) -6.6% -44.5% -49.8% -51% -43.9% -23.4%
US Commercial Services 10.4% -20.9% -24.3% -16.5% 8.2% 24.6%
US Market 12.5% -14.7% -21.5% -12.7% 5.4% 17.5%
1 Year Return vs Industry and Market
  • VIRC underperformed the Commercial Services industry which returned -16.5% over the past year.
  • VIRC underperformed the Market in United States of America which returned -12.7% over the past year.
Price Volatility
VIRC
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Virco Mfg 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 Virco Mfg 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 Virco Mfg.

NasdaqGM:VIRC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

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 NasdaqGM:VIRC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.604 (1 + (1- 21%) (115.45%))
1.104
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.104 * 5.44%)
7.75%

Discounted Cash Flow Calculation for NasdaqGM:VIRC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Virco Mfg is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqGM:VIRC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.75%)
2020 3.30 Est @ 50.7% 3.07
2021 4.49 Est @ 36.02% 3.87
2022 5.65 Est @ 25.73% 4.52
2023 6.70 Est @ 18.53% 4.97
2024 7.60 Est @ 13.5% 5.24
2025 8.36 Est @ 9.97% 5.34
2026 8.99 Est @ 7.5% 5.33
2027 9.51 Est @ 5.77% 5.23
2028 9.94 Est @ 4.56% 5.08
2029 10.31 Est @ 3.72% 4.89
Present value of next 10 years cash flows $47.00
NasdaqGM:VIRC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $10.31 × (1 + 1.74%) ÷ (7.75% – 1.74%)
$174.61
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $174.61 ÷ (1 + 7.75%)10
$82.80
NasdaqGM:VIRC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $47.00 + $82.80
$129.80
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $129.80 / 15.71
$8.26
NasdaqGM:VIRC Discount to Share Price
Calculation Result
Value per share (USD) From above. $8.26
Current discount Discount to share price of $2.13
= -1 x ($2.13 - $8.26) / $8.26
74.2%

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

Current Discount
Amount off the current price Virco Mfg is available for.
Intrinsic value
>50%
Share price is $2.13 vs Future cash flow value of $8.26
Current Discount Checks
For Virco Mfg to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Virco Mfg's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Virco Mfg's share price is below the future cash flow value, and 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 Virco Mfg's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Virco Mfg's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:VIRC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-10-31) in USD $0.02
NasdaqGM:VIRC Share Price ** NasdaqGM (2020-03-30) in USD $2.13
United States of America Commercial Services Industry PE Ratio Median Figure of 53 Publicly-Listed Commercial Services Companies 19.98x
United States of America Market PE Ratio Median Figure of 2,942 Publicly-Listed Companies 12.96x

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

** Primary Listing of Virco Mfg.

NasdaqGM:VIRC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:VIRC Share Price ÷ EPS (both in USD)

= 2.13 ÷ 0.02

136.29x

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

  • Virco Mfg is overvalued based on earnings compared to the US Commercial Services industry average.
  • Virco Mfg is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Virco Mfg's expected growth come at a high price?
Raw Data
NasdaqGM:VIRC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 136.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Commercial Services Industry PEG Ratio Median Figure of 35 Publicly-Listed Commercial Services Companies 1.23x
United States of America Market PEG Ratio Median Figure of 2,006 Publicly-Listed Companies 0.99x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Virco Mfg, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Virco Mfg's assets?
Raw Data
NasdaqGM:VIRC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-10-31) in USD $4.11
NasdaqGM:VIRC Share Price * NasdaqGM (2020-03-30) in USD $2.13
United States of America Commercial Services Industry PB Ratio Median Figure of 85 Publicly-Listed Commercial Services Companies 1.31x
United States of America Market PB Ratio Median Figure of 5,143 Publicly-Listed Companies 1.26x
NasdaqGM:VIRC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:VIRC Share Price ÷ Book Value per Share (both in USD)

= 2.13 ÷ 4.11

0.52x

* Primary Listing of Virco Mfg.

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

  • Virco Mfg is good value based on assets compared to the US Commercial Services industry average.
X
Value checks
We assess Virco Mfg'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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. Virco Mfg has a total score of 3/6, 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 Virco Mfg expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Virco Mfg has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
13.6%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Virco Mfg expected to grow at an attractive rate?
  • Unable to compare Virco Mfg's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Virco Mfg's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Virco Mfg's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:VIRC Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 13.6%
United States of America Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
NasdaqGM:VIRC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:VIRC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-03-31
2020-01-31 187 2 1
NasdaqGM:VIRC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-10-31 191 10 0
2019-07-31 201 6 -1
2019-04-30 205 1 -1
2019-01-31 201 2 -2
2018-10-31 199 0 -4
2018-07-31 191 -5 -4
2018-04-30 189 2 -5
2018-01-31 189 2 -3
2017-10-31 188 3 0
2017-07-31 187 8 22
2017-04-30 176 5 24
2017-01-31 173 6 23

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Virco Mfg is high growth as no earnings estimate data is available.
  • Unable to determine if Virco Mfg is high growth as no revenue estimate data is available.
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
NasdaqGM:VIRC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Virco Mfg Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:VIRC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-03-31
2020-01-31 0.10 0.10 0.10 1.00
NasdaqGM:VIRC Past Financials Data
Date (Data in USD Millions) EPS *
2019-10-31 0.02
2019-07-31 -0.05
2019-04-30 -0.07
2019-01-31 -0.10
2018-10-31 -0.24
2018-07-31 -0.27
2018-04-30 -0.30
2018-01-31 -0.21
2017-10-31 0.02
2017-07-31 1.44
2017-04-30 1.57
2017-01-31 1.51

*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.
  • Unable to establish if Virco Mfg will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Virco Mfg is trading at Virco Mfg'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Virco Mfg's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. Virco Mfg's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Virco Mfg'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Virco Mfg has a total score of 0/6, 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 Virco Mfg 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 Virco Mfg's growth in the last year to its industry (Commercial Services).
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.
  • Virco Mfg's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Virco Mfg has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Virco Mfg has become profitable in the last year making it difficult to compare the US Commercial Services industry average.
Earnings and Revenue History
Virco Mfg'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 Virco Mfg Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:VIRC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-10-31 190.79 0.24 65.53
2019-07-31 200.60 -0.72 66.63
2019-04-30 205.04 -1.11 66.60
2019-01-31 200.72 -1.61 66.01
2018-10-31 198.80 -3.72 64.52
2018-07-31 190.79 -4.12 62.55
2018-04-30 188.62 -4.57 62.11
2018-01-31 189.29 -3.21 61.53
2017-10-31 188.11 0.36 61.45
2017-07-31 187.11 21.83 59.44
2017-04-30 175.83 23.69 57.38
2017-01-31 173.42 22.76 56.60
2016-10-31 169.47 22.02 54.80
2016-07-31 166.66 4.02 53.69
2016-04-30 166.37 4.59 53.52
2016-01-31 168.60 4.55 53.65
2015-10-31 174.45 5.15 54.44
2015-07-31 171.75 3.78 53.64
2015-04-30 163.72 1.53 52.21
2015-01-31 164.05 0.85 52.74
2014-10-31 157.46 -0.92 53.09
2014-07-31 154.64 -2.15 53.86
2014-04-30 158.54 -1.14 53.60
2014-01-31 155.04 -1.73 52.59
2013-10-31 154.43 -3.79 52.04
2013-07-31 151.62 -4.29 51.56
2013-04-30 155.08 -3.44 52.35

*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.
  • Virco Mfg has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Virco Mfg used its assets less efficiently than the US Commercial Services industry average last year based on Return on Assets.
  • Virco Mfg's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Virco Mfg'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 Commercial Services 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.
Virco Mfg has a total score of 0/6, 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 Virco Mfg'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 Virco Mfg's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Virco Mfg is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Virco Mfg's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Virco Mfg'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 covered by short term assets, assets are 4.4x 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 Virco Mfg Company Filings, last reported 5 months ago.

NasdaqGM:VIRC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-10-31 64.55 14.36 0.70
2019-07-31 60.27 51.75 0.88
2019-04-30 54.28 40.73 0.55
2019-01-31 57.03 21.41 0.74
2018-10-31 63.28 20.21 2.48
2018-07-31 58.98 51.03 1.11
2018-04-30 55.26 38.26 3.37
2018-01-31 58.71 16.68 0.53
2017-10-31 65.57 14.59 1.54
2017-07-31 62.68 35.99 2.75
2017-04-30 57.63 24.35 0.69
2017-01-31 59.35 5.01 0.79
2016-10-31 62.23 4.64 2.31
2016-07-31 37.73 37.00 2.43
2016-04-30 30.63 24.22 1.03
2016-01-31 33.31 6.76 0.82
2015-10-31 34.50 4.13 1.60
2015-07-31 27.88 30.86 1.49
2015-04-30 20.01 20.84 0.58
2015-01-31 22.57 9.52 0.47
2014-10-31 34.80 8.17 1.22
2014-07-31 29.72 33.55 1.13
2014-04-30 24.21 20.59 1.47
2014-01-31 27.61 8.25 1.05
2013-10-31 33.18 3.78 1.14
2013-07-31 28.90 28.67 2.44
2013-04-30 22.72 18.93 1.17
  • Virco Mfg's level of debt (22.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (23.6% vs 22.2% today).
  • Debt is well covered by operating cash flow (68%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Virco Mfg'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. Virco Mfg has a total score of 5/6, 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 Virco Mfg'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
0%
Current annual income from Virco Mfg dividends.
If you bought $2,000 of Virco Mfg shares you are expected to receive $0 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?
  • Unable to evaluate Virco Mfg's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Virco Mfg's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
NasdaqGM:VIRC 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 0 Analyst Estimates (S&P Global) See Below
United States of America Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 41 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1946 Stocks 3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2%
United States of America Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

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

NasdaqGM:VIRC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-03-31
2020-01-31
NasdaqGM:VIRC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-12-13 0.000 0.000
2019-09-13 0.000 0.000
2019-05-01 0.000 0.000
2018-12-14 0.060 1.435
2018-09-14 0.060 1.402
2018-06-22 0.060 1.259
2018-03-14 0.060 1.378
2017-12-14 0.060 1.307
2013-06-12 0.000 0.000
2013-04-22 0.000 0.000
2013-04-19 0.000 0.000
2012-12-07 0.000 0.000
2012-09-14 0.000 0.000
2012-06-12 0.000 0.000
2012-04-26 0.000 0.000
2011-12-15 0.000 0.000
2011-04-21 0.000 0.000
2011-02-17 0.100 3.109
2010-10-07 0.100 3.573
2010-08-11 0.100 3.540
2010-04-22 0.100 3.194
2010-02-17 0.100 2.752
2009-10-21 0.100 3.081
2009-08-19 0.100 3.292
2009-04-16 0.100 3.086

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

  • Unable to perform a dividend volatility check as Virco Mfg has not reported any payouts.
  • Unable to verify if Virco Mfg's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Virco Mfg's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Virco Mfg has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Virco Mfg's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Virco Mfg afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Virco Mfg has a total score of 0/6, 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 Virco Mfg'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
Robert Virtue
COMPENSATION $330,450
AGE 86
TENURE AS CEO 32.2 years
CEO Bio

Mr. Robert A. Virtue has been the Chairman of Virco Mfg. Corporation since 1990 and has been its Chief Executive Officer since 1988. Mr. Virtue has been the President of Virco Mfg. Corporation since August 1982 and has been its Director since 1956. Mr. Virtue has more than 55 years of experience and knowledge of Virco's business, operations and culture.

CEO Compensation
  • Robert's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Robert's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Virco Mfg management team in years:

16.2
Average Tenure
60
Average Age
  • The average tenure for the Virco Mfg management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Robert Virtue

TITLE
Chairman & CEO
COMPENSATION
$330K
AGE
86
TENURE
32.2 yrs

Douglas Virtue

TITLE
President & Director
COMPENSATION
$299K
AGE
60
TENURE
5.3 yrs

Robert Dose

TITLE
CFO, Senior VP of Finance
COMPENSATION
$293K
AGE
62

Scotty Bell

TITLE
Senior VP & COO
AGE
62
TENURE
16.2 yrs

Bassey Yau

TITLE
VP of Accounting
AGE
60

Patty Quinones

TITLE
Senior VP & Chief Administrative Officer
COMPENSATION
$308K
AGE
55

James Johnson

TITLE
Senior VP & Chief Marketing Officer
AGE
50

Kathy Young

TITLE
Regional Sales Manager & Director
AGE
54
Board of Directors Tenure

Average tenure and age of the Virco Mfg board of directors in years:

5.8
Average Tenure
67
Average Age
  • The tenure for the Virco Mfg board of directors is about average.
Board of Directors

Robert Virtue

TITLE
Chairman & CEO
COMPENSATION
$330K
AGE
86
TENURE
30.2 yrs

Douglas Virtue

TITLE
President & Director
COMPENSATION
$299K
AGE
60
TENURE
28.2 yrs

Kathy Young

TITLE
Regional Sales Manager & Director
AGE
54
TENURE
1.8 yrs

Robert Lind

TITLE
Independent Director
COMPENSATION
$150K
AGE
71
TENURE
5.8 yrs

Don Rudkin

TITLE
Independent Director
COMPENSATION
$150K
AGE
76
TENURE
5.8 yrs

Alex Cappello

TITLE
Lead Independent Director
COMPENSATION
$150K
AGE
63

Craig Levra

TITLE
Director
COMPENSATION
$150K
AGE
60
TENURE
4.2 yrs

Agnieszka Winkler

TITLE
Independent Director
COMPENSATION
$133K
AGE
73
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • Information is not available.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
13. Mar 20 Buy Douglas Virtue Individual 13. Mar 20 13. Mar 20 15,378 $3.10 $47,672
13. Mar 20 Sell Alexander Cappello Individual 13. Mar 20 13. Mar 20 -15,378 $3.10 $-47,672
11. Mar 20 Buy Douglas Virtue Individual 10. Mar 20 10. Mar 20 15,674 $3.19 $50,000
11. Mar 20 Sell Alexander Cappello Individual 10. Mar 20 10. Mar 20 -15,674 $3.19 $-50,000
03. Mar 20 Buy Douglas Virtue Individual 02. Mar 20 02. Mar 20 10,441 $3.72 $38,841
03. Mar 20 Sell Alexander Cappello Individual 02. Mar 20 02. Mar 20 -13,441 $3.72 $-50,001
03. Mar 20 Sell Alexander Cappello Individual 02. Mar 20 02. Mar 20 -5,250 $3.81 $-20,003
03. Mar 20 Buy Robert Virtue Individual 02. Mar 20 02. Mar 20 3,000 $3.72 $11,160
03. Mar 20 Buy Craig Levra Individual 02. Mar 20 02. Mar 20 5,250 $3.81 $20,003
16. Oct 19 Buy Craig Levra Individual 16. Oct 19 16. Oct 19 2,400 $4.12 $9,888
16. Oct 19 Sell Bassey Yau Individual 16. Oct 19 16. Oct 19 -12,387 $4.01 $-49,624
15. Oct 19 Sell Bassey Yau Individual 10. Oct 19 11. Oct 19 -5,996 $3.88 $-23,201
15. Oct 19 Sell Bassey Yau Individual 14. Oct 19 15. Oct 19 -5,599 $4.00 $-22,396
15. Oct 19 Sell Bassey Yau Individual 07. Oct 19 08. Oct 19 -16,346 $4.01 $-65,361
04. Oct 19 Sell Bassey Yau Individual 02. Oct 19 04. Oct 19 -4,728 $3.90 $-18,273
02. Oct 19 Sell Bassey Yau Individual 30. Sep 19 01. Oct 19 -7,895 $3.89 $-30,221
30. Sep 19 Sell Bassey Yau Individual 26. Sep 19 26. Sep 19 -1,000 $3.80 $-3,800
23. Sep 19 Sell Bassey Yau Individual 20. Sep 19 23. Sep 19 -1,517 $3.91 $-5,921
19. Sep 19 Sell Bassey Yau Individual 18. Sep 19 19. Sep 19 -23,000 $3.88 $-88,330
X
Management checks
We assess Virco Mfg'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. Virco Mfg 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

Do Insiders Own Lots Of Shares In Virco Mfg. Corporation (NASDAQ:VIRC)?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' With a market capitalization of US$69m, Virco Mfg is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for Virco Mfg NasdaqGM:VIRC Ownership Summary, August 14th 2019 What Does The Institutional Ownership Tell Us About Virco Mfg? … Insider Ownership Of Virco Mfg The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

These 4 Measures Indicate That Virco Mfg (NASDAQ:VIRC) Is Using Debt In A Risky Way

NasdaqGM:VIRC Historical Debt, July 9th 2019 A Look At Virco Mfg's Liabilities We can see from the most recent balance sheet that Virco Mfg had liabilities of US$53.7m falling due within a year, and liabilities of US$55.3m due beyond that. … Finally, a business needs free cash flow to pay off debt; accounting profits just don't cut it. … Our View To be frank both Virco Mfg's conversion of EBIT to free cash flow and its track record of (not) growing its EBIT make us rather uncomfortable with its debt levels.

Simply Wall St -

Does Virco Mfg's (NASDAQ:VIRC) Share Price Gain of 85% Match Its Business Performance?

Corporation (NASDAQ:VIRC) share price is up 85% in the last 5 years, clearly besting than the market return of around 39% (ignoring dividends). … In the last 5 years Virco Mfg saw its revenue grow at 5.0% per year. … Over the last 5 years, Virco Mfg generated a TSR of 88%, which is, of course, better than the share price return.

Simply Wall St -

Do Directors Own Virco Mfg. Corporation (NASDAQ:VIRC) Shares?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Virco Mfg is a smaller company with a market capitalization of US$68m, so it may still be flying under the radar of many institutional investors. … institutional investors have bought into the company.

Simply Wall St -

If You Had Bought Virco Mfg Shares Five Years Ago You'd Have Made 51%

That's because it's hard to be confident a company will be sustainable if revenue growth is negligible, and it never makes a profit. … For the last half decade, Virco Mfg can boast revenue growth at a rate of 4.8% per year. … The modest growth is probably broadly reflected in the share price, which is up 8.6%, per year over 5 years.

Simply Wall St -

What Investors Should Know About Virco Mfg. Corporation's (NASDAQ:VIRC) Financial Strength

Corporation (NASDAQ:VIRC) is a small-cap stock with a market capitalization of US$69m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

Do Institutions Own Virco Mfg Corporation (NASDAQ:VIRC) Shares?

Virco Mfg is a smaller company with a market capitalization of US$68m, so it may still be flying under the radar of many institutional investors. … Our analysis of the ownership of the company, below, shows that. … institutional investors have bought into the company

Simply Wall St -

Here's What We Think About Virco Mfg Corporation's (NASDAQ:VIRC) CEO Pay

At the time of writing our data says that Virco Mfg Corporation has a market cap of US$67m, and is paying total annual CEO compensation of US$439k. … We took a group of companies with market capitalizations below US$200m, and calculated the median CEO compensation to be US$293k. … Thus we can conclude that Robert Virtue receives more in total compensation than the median of a group of companies in the same market, and of similar size to Virco Mfg Corporation

Simply Wall St -

What Investors Should Know About Virco Mfg Corporation's (NASDAQ:VIRC) Financial Strength

Investors are always looking for growth in small-cap stocks like Virco Mfg Corporation (NASDAQ:VIRC), with a market cap of US$61m. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

Simply Wall St -

Who Really Owns Virco Mfg Corporation (NASDAQ:VIRC)?

Today, I will be analyzing Virco Mfg Corporation’s (NASDAQ:VIRC) recent ownership structure, an important but not-so-popular subject among individual investors. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders. … Therefore, it is beneficial for us to examine VIRC's ownership structure in more detail.

Simply Wall St -

Company Info

Description

Virco Mfg. Corporation engages in the design, production, and distribution of furniture for the commercial and education markets in the United States. It offers seating products, including 4-leg chairs, cantilever chairs, tablet arm chairs with work surfaces and compact footprints, steel-frame rockers, stools, classroom chairs, stack and folding chairs, hard plastic seating, upholstered stack and ergonomic chairs, and plastic stack chairs. The company also provides folding, activity, office, computer, and mobile tables; and computer furniture, such as keyboard mouse trays, CPU holders, support columns, desks and workstations, specialty tables, instructor media stations and towers, and other products. In addition, it offers chair desks, combo units, and tablet arm and caster units, as well as a returns and credenzas. Additionally, the company provides administrative office furniture, including desks, returns, bookcases, storage cabinets, and other items, as well as wardrobe tower cabinets, file credenzas, and mobile pedestals; laboratory furniture comprising steel-based science tables, table bases, lab stools, and wood-frame science tables; mobile furniture, including mobile tables for cafeterias, mobile cabinets, and mobile chairs for school settings and offices; and handling and storage equipment, as well as manufactures stackable storage trucks. It serves educational institutions, convention centers and arenas, hospitality providers, government facilities, and places of worship through its sales and support teams, as well as a through a dealer network. Virco Mfg. Corporation was founded in 1950 and is headquartered in Torrance, California.

Details
Name: Virco Mfg. Corporation
VIRC
Exchange: NasdaqGM
Founded: 1950
$33,469,859
15,713,549
Website: http://www.virco.com
Address: Virco Mfg. Corporation
2027 Harpers Way,
Torrance,
California, 90501,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM VIRC Common Stock Nasdaq Global Market US USD 08. Mar 1977
Number of employees
Current staff
Staff numbers
840
Virco Mfg employees.
Industry
Office Services and Supplies
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 02:07
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2019/12/13
Last earnings filing: 2019/12/13
Last earnings reported: 2019/10/31
Last annual earnings reported: 2019/01/31


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.