Financials Verra Mobility Corporation

Equities

VRRM

US92511U1025

Business Support Services

Market Closed - Nasdaq Other stock markets 04:00:00 2024-05-10 pm EDT			5-day change	1st Jan Change
26.91 ^USD	-0.30%		+11.71%	+16.85%

May. 02	Transcript : Verra Mobility Corporation, Q1 2024 Earnings Call, May 02, 2024
May. 02	(VRRM) VERRA MOBILITY Forecasts Fiscal Year 2024 Revenue Range $865M - $880M	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,227	2,178	2,408	2,073	3,830	4,495	-	-
Enterprise Value (EV) ¹	2,961	2,899	3,551	3,176	4,732	5,250	5,099	4,899
P/E ratio	66.6 x	-671 x	61.7 x	27.7 x	64 x	32.6 x	27.1 x	20.2 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	4.96 x	5.53 x	4.37 x	2.8 x	4.69 x	5.11 x	4.78 x	4.39 x
EV / Revenue	6.6 x	7.37 x	6.45 x	4.28 x	5.79 x	5.97 x	5.42 x	4.79 x
EV / EBITDA	12.3 x	15.9 x	13.1 x	9.38 x	12.7 x	13 x	11.5 x	9.84 x
EV / FCF	28.4 x	128 x	21.1 x	18.7 x	31.7 x	33.7 x	24.8 x	-
FCF Yield	3.52%	0.78%	4.74%	5.36%	3.15%	2.97%	4.02%	-
Price to Book	6.56 x	6.26 x	9.26 x	9.52 x	9.1 x	7.85 x	6.38 x	5.11 x
Nbr of stocks (in thousands)	159,150	162,269	156,064	149,876	166,314	166,525	-	-
Reference price ²	13.99	13.42	15.43	13.83	23.03	26.99	26.99	26.99
Announcement Date	3/2/20	3/1/21	4/21/22	3/1/23	2/29/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	448.7	393.6	550.6	741.6	817.3	879.6	940.9	1,023
EBITDA ¹	241.4	181.8	270.9	338.5	371.5	403.5	444	497.6
EBIT ¹	96.46	37.82	111.9	164.7	188.8	255.7	288.4	-
Operating Margin	21.49%	9.61%	20.32%	22.21%	23.1%	29.07%	30.66%	-
Earnings before Tax (EBT) ¹	46.92	1.986	67.9	127.1	87	196.2	233.5	313.9
Net income ¹	33.34	-3.445	41.45	92.48	57.02	135.5	157.7	210.3
Net margin	7.43%	-0.88%	7.53%	12.47%	6.98%	15.41%	16.76%	20.56%
EPS ²	0.2100	-0.0200	0.2500	0.5000	0.3600	0.8277	0.9977	1.339
Free Cash Flow ¹	104.1	22.65	168.2	170.2	149.1	155.8	205.2	-
FCF margin	23.2%	5.75%	30.54%	22.94%	18.24%	17.72%	21.81%	-
FCF Conversion (EBITDA)	43.13%	12.46%	62.07%	50.26%	40.14%	38.63%	46.22%	-
FCF Conversion (Net income)	312.26%	-	405.73%	184%	261.54%	115%	130.13%	-
Dividend per Share ²	-	-	-	-	-	-	-	-
Announcement Date	3/2/20	3/1/21	4/21/22	3/1/23	2/29/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	170	170.4	187.5	197.7	186.1	191.9	204.5	209.9	211	209.7	219.7	226.8	223.3	225.4	236.5
EBITDA ¹	79.98	75.3	88.76	90.89	83.59	87.87	94.97	97.38	91.28	92.78	101.5	106.8	103.1	101.8	110.6
EBIT ¹	36.74	32.01	45.16	45.5	42.04	50.1	56.21	59.17	23.33	54.35	65.08	70.22	66.15	62.26	69.22
Operating Margin	21.61%	18.78%	24.09%	23.02%	22.59%	26.11%	27.49%	28.19%	11.06%	25.92%	29.62%	30.96%	29.62%	27.62%	29.27%
Earnings before Tax (EBT) ¹	28.01	16.86	42.28	32.97	35	12.42	31.63	41.8	1.14	38.97	49.75	55.58	51.53	50.36	58.58
Net income ¹	19.07	10.04	29.64	24.58	28.22	4.577	19.11	30.31	3.022	29.15	33.77	37.63	34.8	33.45	38.83
Net margin	11.22%	5.89%	15.81%	12.43%	15.17%	2.39%	9.35%	14.44%	1.43%	13.9%	15.37%	16.59%	15.58%	14.84%	16.42%
EPS ²	0.1200	0.0600	0.1500	0.1500	0.1200	0.0300	0.1300	0.1800	0.0200	0.1700	0.2056	0.2324	0.2159	0.2270	0.2458
Dividend per Share ²	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	4/21/22	5/9/22	8/3/22	11/2/22	3/1/23	5/4/23	8/9/23	11/9/23	2/29/24	5/2/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	735	722	1,142	1,103	902	756	605	404
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	3.045 x	3.969 x	4.217 x	3.258 x	2.428 x	1.873 x	1.362 x	0.8126 x
Free Cash Flow ¹	104	22.6	168	170	149	156	205	-
ROE (net income / shareholders' equity)	10.4%	-1%	14.4%	37.7%	52.9%	33.5%	32.5%	35.2%
ROA (Net income/ Total Assets)	2.42%	-0.25%	2.59%	5.15%	9.73%	7.37%	8.48%	11%
Assets ¹	1,376	1,387	1,602	1,797	586	1,838	1,860	1,918
Book Value Per Share ²	2.130	2.140	1.670	1.450	2.530	3.440	4.230	5.290
Cash Flow per Share ²	0.8300	0.2900	1.180	1.370	1.290	1.380	1.790	2.000
Capex ¹	29.7	24.3	25	48.2	57	81.8	74.6	77.3
Capex / Sales	6.62%	6.16%	4.54%	6.5%	6.97%	9.3%	7.93%	7.56%
Announcement Date	3/2/20	3/1/21	4/21/22	3/1/23	2/29/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Verra Mobility Corporation

Trading Rating

Investor Rating

ESG Refinitiv

D+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

26.99 USD

Average target price

26.83 USD

Spread / Average Target

-0.58%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Data Processing Services