VBTX - Veritex Holdings, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$30.33
DETAILS
HIGH:
$33.00
LOW:
$28.00
MEDIAN:
$30.00
CONSENSUS:
$30.33
UPSIDE:
0.23%
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||
| Revenue | 797.6 | 776.6 | 507.4 | 369.1 | 369.2 | 408.9 | 156.1 | 87.1 | 53.1 | 38.6 | 30.8 | 25.9 | 23.0 | 16.1 | 2.2 |
| Cost of Revenue | 392.1 | 368.2 | 112.5 | 30.9 | 121.7 | 115.2 | 36.6 | 16.2 | 7.7 | 4.3 | 4.3 | 4.3 | 5.2 | 3.3 | 0 |
| Gross Profit | 405.5 | 408.3 | 394.9 | 338.3 | 247.5 | 293.7 | 119.5 | 71.0 | 45.4 | 34.3 | 26.4 | 21.5 | 17.8 | 12.9 | 2.2 |
| Operating Expenses | |||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 150.2 | 130.8 | 125.0 | 100.1 | 83.1 | 76.0 | 32.9 | 22.1 | 15.9 | 12.5 | 11.0 | 9.9 | 10.0 | 7.9 | 3.9 |
| Other Expenses | 116.4 | 133.3 | 83.2 | 61.9 | 76.3 | 101.8 | 36.3 | 20.7 | 10.4 | 8.9 | 7.5 | 6.5 | 6.2 | 4.9 | 0 |
| Operating Expenses | 266.6 | 264.1 | 208.2 | 162.0 | 159.4 | 177.8 | 69.3 | 42.8 | 26.4 | 21.4 | 18.5 | 16.4 | 16.2 | 12.8 | 3.9 |
| Operating Income | |||||||||||||||
| Operating Income | 139.0 | 144.3 | 186.6 | 176.3 | 88.1 | 115.9 | 50.2 | 28.2 | 19.0 | 12.9 | 7.9 | 5.2 | 1.6 | 0.1 | (1.7) |
| Interest Expense | 372.0 | 327.8 | 84.8 | 35.7 | 56.1 | 93.7 | 30.0 | 11.0 | 5.6 | 3.5 | 2.9 | 2.5 | 2.3 | 2.3 | 0 |
| Interest Income | 757.2 | 726.9 | 449.4 | 316.5 | 321.9 | 378.8 | 144.2 | 79.6 | 46.6 | 34.9 | 28.3 | 23.5 | 21.4 | 14.9 | 0 |
| Profitability | |||||||||||||||
| EBITDA | 158.6 | 163.8 | 205.3 | 192.0 | 103.9 | 131.8 | 57.3 | 31.0 | 20.7 | 14.3 | 9.2 | 6.5 | 2.7 | 0.9 | (1.7) |
| EBIT | 139.0 | 144.3 | 186.6 | 176.3 | 88.1 | 115.9 | 50.2 | 28.2 | 19.0 | 12.9 | 7.9 | 5.2 | 1.6 | 0.1 | 0 |
| Income Before Tax | 139.0 | 144.3 | 186.6 | 176.3 | 88.1 | 115.9 | 50.2 | 28.2 | 19.1 | 12.9 | 7.9 | 5.2 | 1.6 | 0.1 | (1.7) |
| Income Tax Expense | 31.7 | 36.0 | 40.3 | 36.7 | 14.2 | 25.1 | 10.9 | 13.0 | 6.5 | 4.1 | 2.7 | 1.8 | 0.1 | 0.0 | 0 |
| Net Income | 107.2 | 108.3 | 146.3 | 139.6 | 73.9 | 90.7 | 39.3 | 15.2 | 12.6 | 8.8 | 5.2 | 3.4 | 1.5 | 0.1 | (1.7) |
| Per Share Data | |||||||||||||||
| EPS (Basic) | 1.97 | 2.00 | 2.75 | 2.83 | 1.48 | 1.71 | 1.63 | 0.82 | 1.16 | 0.86 | 0.73 | 0.37 | 0.15 | 0.00 | -0.19 |
| EPS (Diluted) | 1.95 | 1.98 | 2.71 | 2.77 | 1.48 | 1.68 | 1.60 | 0.80 | 1.14 | 0.84 | 0.72 | 0.37 | 0.15 | 0.00 | -0.19 |
| Shares Outstanding | 54.5 | 54.3 | 53.2 | 49.4 | 49.9 | 53.2 | 24.2 | 18.4 | 10.8 | 10.1 | 7.0 | 9.1 | 9.1 | 9.1 | 9.1 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 855.2 | 629.1 | 436.1 | 379.8 | 230.8 | 251.6 | 84.4 | 149.0 | 234.8 | 71.6 |
| Short-Term Investments | 1,017.6 | 818.9 | 1,096.3 | 993.1 | 1,024.3 | 964.4 | 0 | 0 | 0 | 0 |
| Net Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 8.8 | 7.7 | 2.9 | 2.2 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 1,872.8 | 1,448.0 | 1,532.4 | 1,372.8 | 1,255.2 | 1,215.9 | 93.3 | 156.7 | 237.7 | 73.8 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 113.5 | 105.7 | 108.8 | 109.3 | 115.1 | 118.5 | 78.4 | 75.3 | 17.4 | 17.4 |
| Goodwill | 404.5 | 404.5 | 404.5 | 403.8 | 370.8 | 370.7 | 161.4 | 159.5 | 26.9 | 26.8 |
| Intangible Assets | 28.7 | 41.8 | 53.2 | 66.0 | 61.7 | 72.3 | 15.9 | 20.4 | 2.2 | 2.4 |
| Long-Term Investments | 9,966.2 | 10,014.2 | 9,619.3 | 7,409.1 | 6,746.7 | 5,954.1 | 2,802.9 | 2,497.3 | 1,098.5 | 896.6 |
| Other Non-Current Assets | 382.8 | 380.2 | 436.2 | 396.2 | 271.4 | 223.3 | 56.6 | 36.4 | 25.8 | 22.4 |
| Total Non-Current Assets | 10,895.6 | 10,946.3 | 10,622.0 | 8,384.4 | 7,565.7 | 6,739.0 | 3,115.3 | 2,788.9 | 1,170.8 | 965.8 |
| Total Assets | 12,768.3 | 12,394.3 | 12,154.4 | 9,757.2 | 8,820.9 | 7,954.7 | 3,208.6 | 2,945.6 | 1,408.3 | 1,039.6 |
| Current Liabilities | ||||||||||
| Account Payables | 0 | 0 | 177.6 | 69.2 | 61.9 | 44.0 | 5.4 | 5.4 | 0.5 | 0.8 |
| Short-Term Debt | 0 | 0 | 0 | 4.1 | 2.2 | 2.4 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 33.4 | 56.1 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 10,752.6 | 10,338.2 | 8,945.7 | 7,294.5 | 6,512.8 | 5,894.4 | 2,622.4 | 2,278.6 | 1,119.6 | 868.4 |
| Total Current Liabilities | 10,752.6 | 10,338.2 | 9,123.2 | 7,367.7 | 6,577.0 | 5,940.7 | 2,627.8 | 2,284.1 | 1,120.2 | 869.3 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 230.7 | 329.8 | 1,403.8 | 1,005.3 | 1,040.5 | 823.4 | 44.7 | 102.9 | 46.3 | 36.5 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 183.9 | 195.0 | 177.6 | 69.2 | 0 | 0 | 5.4 | 69.7 | 2.9 | 1.8 |
| Total Non-Current Liabilities | 414.7 | 524.8 | 1,581.4 | 1,074.5 | 1,040.5 | 825.8 | 50.1 | 172.6 | 49.3 | 38.2 |
| Total Liabilities | 11,167.3 | 10,863.0 | 10,704.6 | 8,442.2 | 7,617.5 | 6,763.9 | 2,677.9 | 2,456.7 | 1,169.5 | 907.6 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.5 | 0.2 | 0.2 | 0.2 | 0.1 |
| Retained Earnings | 507.9 | 444.2 | 379.3 | 275.3 | 172.2 | 147.9 | 84.0 | 44.6 | 29.3 | 16.7 |
| Accumulated Other Comprehensive Income | (65.1) | (63.5) | (69.4) | 64.1 | 56.2 | 19.1 | (2.9) | (1.3) | (1.2) | (0.1) |
| Total Stockholders' Equity | 1,601.1 | 1,531.3 | 1,449.8 | 1,315.1 | 1,203.4 | 1,190.8 | 530.6 | 488.9 | 238.9 | 132.0 |
| Total Liabilities & Equity | 12,768.3 | 12,394.3 | 12,154.4 | 9,757.2 | 8,820.9 | 7,954.7 | 3,208.6 | 2,945.6 | 1,408.3 | 1,039.6 |
| Debt Metrics | ||||||||||
| Total Debt | 230.7 | 329.8 | 1,403.8 | 1,005.3 | 1,040.5 | 825.8 | 44.7 | 102.9 | 46.4 | 36.5 |
| Net Debt | (624.5) | (299.3) | 967.7 | 625.5 | 809.7 | 574.2 | (39.7) | (46.2) | (188.4) | (35.1) |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 107.2 | 108.3 | 146.3 | 139.6 | 73.9 | 90.7 | 39.3 | 15.2 | 12.6 | 8.8 |
| Depreciation & Amortization | 19.7 | 19.5 | 18.7 | 15.7 | 15.8 | 15.9 | 7.1 | 2.8 | 1.7 | 1.4 |
| Stock-Based Compensation | 12.4 | 12.1 | 11.9 | 10.6 | 8.0 | 23.1 | 4.0 | 1.9 | 1.0 | 0.6 |
| Change in Working Capital | (1.8) | (7.9) | (7.6) | 11.5 | (18.5) | (16.2) | (0.0) | (3.3) | (1.3) | (0.9) |
| Other Non-Cash Items | 0.2 | 14.8 | 29.1 | 11.4 | 37.9 | (18.6) | (2.7) | 4.9 | (1.7) | 6.6 |
| Operating Cash Flow | 136.4 | 144.1 | 192.7 | 193.5 | 107.7 | 104.0 | 50.4 | 26.7 | 10.9 | 16.0 |
| Investing Activities | ||||||||||
| Capital Expenditure | (12.6) | (1.9) | (4.6) | (13.6) | (2.9) | (7.7) | (5.0) | (44.8) | (1.1) | (2.4) |
| Acquisitions | 0 | 0 | 0 | (55.5) | 0 | 119.9 | (31.8) | 20.9 | 0 | 11.2 |
| Purchases of Investments | (1,695.7) | (1,377.5) | (505.5) | (290.1) | (1,177.9) | (777.0) | (820.1) | (840.0) | (357.2) | (344.8) |
| Sales/Maturities of Investments | 1,480.6 | 1,456.0 | 108.2 | 209.9 | 1,149.6 | 700.8 | 772.4 | 933.6 | 327.8 | 317.8 |
| Other Investing Activities | 46.9 | (124.1) | (1,997.5) | (667.1) | (843.3) | (82.3) | (315.4) | (201.3) | (172.8) | (127.7) |
| Investing Cash Flow | (180.7) | (47.5) | (2,399.4) | (816.4) | (874.6) | (46.3) | (400.0) | (124.9) | (203.3) | (146.0) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (100) | (1,075) | 397.4 | (35.2) | 217.9 | 424.9 | (58.0) | (36.7) | 10.0 | (15.9) |
| Stock Repurchased | (3.5) | (0.9) | 0 | (15.5) | (57.5) | (94.5) | (0.6) | 0 | 0 | 0 |
| Dividends Paid | (43.6) | (43.3) | (42.3) | (36.5) | (34.1) | (26.8) | 0 | (0.2) | 0 | (0.1) |
| Other Financing Activities | 417.6 | 1,214.7 | 1,753.4 | 857.9 | 623.7 | (194.0) | 343.1 | 17.1 | 251.4 | 132.0 |
| Financing Cash Flow | 270.5 | 96.4 | 2,262.9 | 771.9 | 746.2 | 109.5 | 285.0 | 12.4 | 355.9 | 108.2 |
| Cash Position | ||||||||||
| Net Change in Cash | 226.1 | 193.0 | 56.3 | 149.0 | (20.7) | 167.1 | (64.6) | (85.7) | 163.2 | (21.7) |
| Cash at Beginning | 629.1 | 436.1 | 379.8 | 230.8 | 251.6 | 84.4 | 149.0 | 234.8 | 71.6 | 93.3 |
| Cash at End | 855.2 | 629.1 | 436.1 | 379.8 | 230.8 | 251.6 | 84.4 | 149.0 | 234.8 | 71.6 |
| Free Cash Flow | 123.8 | 142.2 | 188.1 | 179.9 | 104.8 | 96.3 | 45.4 | (18.1) | 9.8 | 13.8 |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||
| Revenue | 797.6 | 776.6 | 507.4 | 369.1 | 369.2 | 408.9 | 156.1 | 87.1 | 53.1 | 38.6 | 30.8 | 25.9 | 23.0 | 16.1 | 2.2 |
| Gross Profit | 405.5 | 408.3 | 394.9 | 338.3 | 247.5 | 293.7 | 119.5 | 71.0 | 45.4 | 34.3 | 26.4 | 21.5 | 17.8 | 12.9 | 2.2 |
| Operating Income | 139.0 | 144.3 | 186.6 | 176.3 | 88.1 | 115.9 | 50.2 | 28.2 | 19.0 | 12.9 | 7.9 | 5.2 | 1.6 | 0.1 | (1.7) |
| Net Income | 107.2 | 108.3 | 146.3 | 139.6 | 73.9 | 90.7 | 39.3 | 15.2 | 12.6 | 8.8 | 5.2 | 3.4 | 1.5 | 0.1 | (1.7) |
| EPS (Diluted) | 1.95 | 1.98 | 2.71 | 2.77 | 1.48 | 1.68 | 1.60 | 0.80 | 1.14 | 0.84 | 0.72 | 0.37 | 0.15 | 0.00 | -0.19 |
| Balance Sheet | |||||||||||||||
| Cash & Equivalents | 855.2 | 629.1 | 436.1 | 379.8 | 230.8 | 251.6 | 84.4 | 149.0 | 234.8 | 71.6 | |||||
| Total Assets | 12,768.3 | 12,394.3 | 12,154.4 | 9,757.2 | 8,820.9 | 7,954.7 | 3,208.6 | 2,945.6 | 1,408.3 | 1,039.6 | |||||
| Total Debt | 230.7 | 329.8 | 1,403.8 | 1,005.3 | 1,040.5 | 825.8 | 44.7 | 102.9 | 46.4 | 36.5 | |||||
| Stockholders' Equity | 1,601.1 | 1,531.3 | 1,449.8 | 1,315.1 | 1,203.4 | 1,190.8 | 530.6 | 488.9 | 238.9 | 132.0 | |||||
| Cash Flow | |||||||||||||||
| Operating Cash Flow | 136.4 | 144.1 | 192.7 | 193.5 | 107.7 | 104.0 | 50.4 | 26.7 | 10.9 | 16.0 | |||||
| Capital Expenditure | (12.6) | (1.9) | (4.6) | (13.6) | (2.9) | (7.7) | (5.0) | (44.8) | (1.1) | (2.4) | |||||
| Free Cash Flow | 123.8 | 142.2 | 188.1 | 179.9 | 104.8 | 96.3 | 45.4 | (18.1) | 9.8 | 13.8 | |||||