Via Renewables, Inc.

Utilities
Power Generation
www.viarenewables.com

Earnings Score
Moat Score
Safety Score

Market Cap $72.37M
PE 10
Debt $89.00M
Cash $67.08M
EV $94.29M
FCF $55.50M

Earnings

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Sales & Net Margins

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Earnings	$7.13M
EBIT	$56.97M
ROE	11%
ROA	19%
FCF	$55.50M
Equity	$64.59M
Growth Stability	-152%
PE	10.14
PEG	1.77
PB	1.12
P/FCF	1.3
P/S	0.18
Price/Cash	0.93
Debt/Equity	1.38
Debt/FCF	1.6
Net Margins	3%
Gross Margins	35%
Op. Margins	14%
Earnings CAGR	1%
Sales Growth YoY	-15%
Sales Growth QoQ	8%
Sales CAGR	-6%
FCF CAGR	-10%
Equity CAGR	-0%
Earnings Stability	0.01
Earnings Growth YoY	-112%
Earnings Growth QoQ	-112%
Earnings CAGR 5Y	6%

Sales CAGR 5Y	-11%
FCF CAGR 5Y	-16%
Equity CAGR 5Y	-9%
Earnings CAGR 3Y	-0%
Sales CAGR 3Y	-0%
FCF CAGR 3Y	72%
Equity CAGR 3Y	-3%
Market Cap	$72.37M
Revenue	$396.23M
Dividend Yield	0%
Payout Ratio	0%
Assets	$298.42M
Total Debt	$89.00M
Cash	$67.08M
Shares Outstanding	3.27M
EV	94.29M
Earnings Score	6%
Moat Score	87%
Safety Score	60%
Final Score	51%
Working Capital	99.36M
Current Ratio	2.76
Gross Profit	$139.33M
Shares Growth 3y	-3%
Equity Growth QoQ	-2%
Equity Growth YoY	32%

Assets & ROA

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Stockholders Equity & ROE

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Via Renewables Inc is an independent retail energy services company. It provides residential and commercial customers in competitive markets across the United States with an alternative choice for natural gas and electricity. Via Renewables offers its customers a variety of product and service choices, including stable and predictable energy costs and green product alternatives. Its segments are Retail Electricity and Retail Natural Gas. The key revenue is derived from the Retail Electricity segment in which the company purchase electricity supply through physical and financial transactions with market counterparties and ISOs and supplies electricity to residential and commercial consumers pursuant to fixed-price and variable-price contracts.

SEC Filings

Direct access to Via Renewables, Inc. (VIASP) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Via Renewables, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Via Renewables, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 1%

Stability 1%

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Via Renewables, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Via Renewables, Inc..

Years

Calculation mode

= $289M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$55M	$50M	$45M	$40M	$36M	$33M	$29M	$26M	$24M	$21M	$19M	$192M
DCF		$45M	$37M	$30M	$25M	$20M	$17M	$14M	$11M	$9M	$7.4M	$74M
Value	$289M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	1%	3%	2%	-1%	0%	4%	-1%	-0%	1%	3%
ROA	-	22%	22%	-1%	6%	24%	1%	7%	15%	19%
ROE	12%	12%	10%	-16%	1%	25%	-7%	-1%	9%	11%

Bad Net Margins (3.46%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	2.32	2.68	2.91	1.36	1.12	13.51	8.54	2.03	1.6
Debt over Equity	2.3	1.23	1.03	1.7	1.83	1.13	2.53	2.82	2.08	1.38
Growth Stability	-	-	-	-127%	7%	100%	-152%	-8%	75%	-152%

Good Debt/FCF ratio (1.6)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Neutral Debt/Equity ratio (1.38)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (-152%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	53%	46%	26%	-19%	-32%	-29%	17%	-5%	-11%
Earnings YoY growth	-	274%	9%	-191%	-102%	6K%	-118%	-88%	-1K%	6%
Equity YoY growth	-	271%	30%	-44%	-25%	31%	-40%	-20%	9%	-9%
FCF YoY growth	-	48%	-5%	-15%	72%	-1%	-89%	41%	241%	-16%