VTEXVTEX
Is the business good?
The checks split: nothing decisive, though earnings fully cash-backed (3.4×).
Operating profit is fully backed by cash.
A balanced mix of margins, efficiency, and leverage. ROE 5% = margin × turnover × leverage.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is VTEX?
VTEX earns 11% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 1.8 points above what the capital costs: growth creates value
- Operating margin
- 4.5%
Operating margin · Software - Application median 6.4% · fiscal year to FY2024
- Cash conversion
- 3.42×
Cash conversion · operating cash flow covers the operating profit after tax
- Share count, year on year
- +3.2%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2019 | −2.9% |
| FY2020 | 6.6% |
| FY2021 | −52% |
| FY2022 | −32% |
| FY2023 | −7.2% |
| FY2024 | 4.5% |
Details›
- Gross marginfiscal year to FY2024
- 74%
- Operating marginfiscal year to FY2024
- 4.5%
- Net marginfiscal year to FY2024
- 5.3%
- Free cash flow margin
- 11%
- R&D as % of revenue
- 24%
- Revenue, trailing twelve months
- $227M
- Free cash flow, trailing twelve months
- $25M
- Net income, trailing twelve months
- $12M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 11%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Software, Application
Ranks #66 of 96 by RyuScore