Vertex Leadership Team and Corporate Outlook
Financials
(000's)
Ticker
Share Capital
Basic Common Shares Outstanding
Options @ $1.00/share
Warrants @ $1.20 / share
Fully Diluted Shares
FD Management & Directors Ownership
Public Float
Analyst Coverage
12-month Target
TSXV:VTX
Name
Contact
Price
93,413
Trevor Reynolds
4,875
403.410.6842
$0.95
Acumen Capital Partners
2,197
100,485
Kirk Wilson
403.910.5379
1
Beacon Securities Limited
46.4%
46,056
$0.95
Average Analyst Target Price
$0.95
Financial Metrics
Market Data
Earnings Data
Leverage
Company
Symbol
Vertex Resource Group Ltd.
TSXV:VTX
$
Close Price Market Cap
0.38 $
35 $
Enterprise
Value
2018E
121 $ 21 $
EBITDA (2)
2019E
2020E
26
2018E
5.8x
EV/EBITDA
2019E
4.5x
2020E
Net Debt/ 2018E
EBITDA
3.3x
Book Value
Tangible
P/B
0.5x
• Vertex's strong working capital position is a result of management's focus on improving billing and collections time
to reduce DSOs, and active inventory management.
• Vertex is in a strong financial position to capitalize on growth opportunities including acquisitions and organic
growth initiatives.
• Current attractive valuation metrics below book value.
14
2.
1. Includes 32 Degrees Capital ownership of 18.2%, in addition to, management and others within the company whom are subject to escrow provisions to 2020.
Information of Vertex Resource Group Ltd. Is based on analyst reports provided by Acumen Capital Finance Partners Limited and Beacon Securities Limited dated
January 21, and January 18, 2019 respectively.
V=
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