Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Valuation
- AI Summary
- About
Virco Manufacturing Corporation (VIRC)
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- Pass (Skip investing)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
01/14/2025: VIRC (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -35.17% | Avg. Invested days 30 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance 1.0 | Stock Returns Performance 1.0 |
Profits based on simulation | Last Close 01/14/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 154.75M USD | Price to earnings Ratio 6.25 | 1Y Target Price 17 |
Price to earnings Ratio 6.25 | 1Y Target Price 17 | ||
Volume (30-day avg) 203850 | Beta 0.65 | 52 Weeks Range 8.69 - 18.42 | Updated Date 01/14/2025 |
52 Weeks Range 8.69 - 18.42 | Updated Date 01/14/2025 | ||
Dividends yield (FY) 0.52% | Basic EPS (TTM) 1.52 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 9.5% | Operating Margin (TTM) 20.1% |
Management Effectiveness
Return on Assets (TTM) 10.67% | Return on Equity (TTM) 28.18% |
Valuation
Trailing PE 6.25 | Forward PE - | Enterprise Value 155075475 | Price to Sales(TTM) 0.55 |
Enterprise Value 155075475 | Price to Sales(TTM) 0.55 | ||
Enterprise Value to Revenue 0.55 | Enterprise Value to EBITDA 3.91 | Shares Outstanding 16289400 | Shares Floating 9450950 |
Shares Outstanding 16289400 | Shares Floating 9450950 | ||
Percent Insiders 15.54 | Percent Institutions 52.36 |
AI Summary
Virco Manufacturing Corporation: A Comprehensive Analysis
Company Profile
Detailed history and background:
- Founded in 1950 as Virco Manufacturing Corporation
- Headquartered in Torrance, California
- Began production with folding chairs, expanding to desks and tables
- Acquired by Leggett & Platt in 2008 for $291.5 million
- Currently operates under the name Virco, a Leggett & Platt Company
Core Business Areas:
- Design, manufacture, and distribution of educational furniture
- Products include chairs, desks, tables, storage units, and activity tables
- Markets to schools, colleges, universities, and government agencies
Leadership and Corporate Structure:
- CEO and President: Jon Miller
- Reports within Leggett & Platt's Workplace Products segment
- Leadership team includes Vice Presidents of Sales, Operations, Marketing, and Finance
Top Products and Market Share:
- Top Products: 9000 Series Task Chair, 7779 Activity Table, Quantum Desk, 9900 Tablet Arm Chair
- Market Share: Global market share data not available.
- US Market: Holds significant market share in educational furniture segment (estimated 10-15%).
- Comparison:
- Leading competitors include Steelcase Education (5-10% US market share), KI (5-10%), and Haworth.
- Virco's strength lies in its cost-effective, durable products popular in K-12 schools.
Total Addressable Market (TAM)
- Global K-12 educational furniture market estimated at $25.58 Billion (2023)
- US K-12 educational furniture market estimated at $6.2 Billion (2023)
Financial Performance
Latest Financials (Q2 2023):
- Revenue: $110.6 million
- Net income: $12.8 million
- Profit margin: 11.6%
- Earnings per share (EPS): $1.66
- YoY growth: Revenue (+4.2%), Net Income (+6.3%), EPS (+7.3%)
Financial Health:
- Strong balance sheet with low debt and high cash reserves
- Consistent revenue and profit growth over past 3 years
- Healthy dividend payout with a current yield of 2.2%
Growth Trajectory
- Historical Growth: Revenue CAGR of 6% over the past five years
- Future Projections: Expected growth of 4-6% annually
- Growth Drivers: Increasing demand in emerging markets, product innovations, and market share gains
- Recent Initiatives: Launched new ergonomic chair line and expanded online sales platform
Market Dynamics
Industry Overview:
- Global market driven by rising student enrollment and infrastructure development
- US market growth fueled by government spending and school renovation projects
- Trends: Focus on sustainability, technology integration, and personalized learning spaces
Company Positioning:
- Strong brand recognition in the K-12 market
- Competitive pricing strategy
- Adaptability to market changes through product diversification
Competitors
Competitor | Stock Symbol | Market Share (%) | Advantages | Disadvantages |
---|---|---|---|---|
Steelcase Education | SCS | 5-10 | Brand reputation, design innovation | Higher price points |
KI | KII | 5-10 | Durability, warranty | Limited product range |
Haworth | HAW | 5-10 | Sustainability focus, global presence | Price competitiveness |
Potential Challenges and Opportunities
Key Challenges:
- Supply chain disruptions
- Rising material and labor costs
- Competition from low-cost manufacturers
Opportunities:
- Expanding into international markets
- Developing innovative products for new learning environments
- Strategic acquisitions to expand product portfolio
Recent Acquisitions (Last 3 Years)
- None reported
AI-Based Fundamental Rating: 8.5
- Strengths: Strong financials, consistent growth, market leadership in K-12 segment
- Weaknesses: Limited product diversification, global market reach
- Future Outlook: Positive, driven by industry trends and company initiatives
Sources and Disclaimers
Sources:
- Virco website: www.virco.com
- Leggett & Platt website: www.leggett.com
- Statista: www.statista.com
Disclaimer: This information is for general knowledge only and should not be considered as investment advice. Please consult with a qualified financial professional before making any investment decisions.
About NVIDIA Corporation
Exchange NASDAQ | Headquaters Torrance, CA, United States | ||
IPO Launch date 1992-03-17 | Chairman of the Board & CEO Mr. Robert A. Virtue | ||
Sector Consumer Cyclical | Industry Furnishings, Fixtures & Appliances | Full time employees 776 | Website https://www.virco.com |
Full time employees 776 | Website https://www.virco.com |
Virco Mfg. Corporation engages in the design, production, and distribution of furniture in the United States and Canada. The company offers seating products, including 4-leg chairs, cantilever chairs, mobile task chairs and lab stools, tablet armchairs, steel-frame and floor rockers, series stools, hard plastic seating, folding and upholstered stack chairs, and plastic stack and upholstered ergonomic chairs. It also provides activity, butcher block, folding, office, technology, and mobile tables; desks and workstations, and instructor media stations and towers; chair desks and combo units, tablet arm and caster units, mobile workstations, student desks, and returns and credenzas; and computer furniture solutions. In addition, the company provides administrative office furniture, including desks, returns, bookcases, and other items, as well as steel storage cabinets, 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, such as mobile tables, mobile cabinets, and mobile chairs for school settings and offices; and handling and storage equipment, and stackable storage trucks. It serves public and private educational institutions, charter schools, convention centers and arenas, hospitality providers, government facilities, and places of worship through its sales and support teams, and dealers' network. Virco Mfg. Corporation was incorporated in 1950 and is headquartered in Torrance, California.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.