$647.73M Market Cap.
VEL Market Cap. (MRY)
VEL Shares Outstanding (MRY)
VEL Assets (MRY)
Total Assets
$5.53B
Total Liabilities
$5.01B
Total Investments
$5.20B
VEL Income (MRY)
Revenue
$236.03M
Net Income
$68.42M
Operating Expense
$139.64M
VEL Cash Flow (MRY)
CF Operations
$37.76M
CF Investing
-$1.05B
CF Financing
$1.02B
VEL Dividends (MRY)
Period | Dividends | Yield % | Growth % | Payout Ratio | Coverage Ratio |
|---|---|---|---|---|---|
2024 | $0 | 0% | 0% | 0% | - |
2023 | $0 | 0% | 0% | 0% | - |
2022 | $0 | 0% | 0% | 0% | - |
2021 | $0 | 0% | 0% | 0% | - |
2020 | $0 | 0% | - | 0% | - |
VEL Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $5,527,408,000 (25.49%) | $4,404,573,000 (17.49%) | $3,748,975,000 (33.30%) | $2,812,478,000 (33.74%) |
Assets Current | - | - | - | - |
Assets Non-Current | - | - | - | - |
Goodwill & Intangible Assets | $6,775,000 (0.00%) | $6,775,000 (0.00%) | $6,775,000 (0.00%) | $6,775,000 (0%) |
Shareholders Equity | $516,944,000 (19.26%) | $433,444,000 (15.03%) | $376,811,000 (10.47%) | $341,109,000 (55.34%) |
Property Plant & Equipment Net | $69,650,000 (48.02%) | $47,053,000 (182.08%) | $16,681,000 (-22.00%) | $21,387,000 (7.41%) |
Cash & Equivalents | $70,830,000 (14.38%) | $61,927,000 (-0.21%) | $62,056,000 (30.36%) | $47,604,000 (134.58%) |
Accumulated Other Comprehensive Income | -$805,000 (33.47%) | -$1,210,000 (0%) | $0 (0%) | $0 (0%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $5,200,779,000 (25.01%) | $4,160,363,000 (16.94%) | $3,557,723,000 (35.58%) | $2,623,983,000 (33.69%) |
Investments Current | - | - | - | - |
Investments Non-Current | - | - | - | - |
Inventory | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Receivables | $124,853,000 (33.05%) | $93,840,000 (40.65%) | $66,719,000 (-12.38%) | $76,142,000 (1.35%) |
Trade & Non-Trade Payables | $147,814,000 (21.19%) | $121,969,000 (33.26%) | $91,525,000 (-0.73%) | $92,195,000 (45.51%) |
Accumulated Retained Earnings (Deficit) | $197,325,000 (53.08%) | $128,906,000 (68.21%) | $76,633,000 (72.51%) | $44,422,000 (192.29%) |
Tax Assets | $13,612,000 (481.96%) | $2,339,000 (-53.53%) | $5,033,000 (-69.69%) | $16,604,000 (149.53%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $4,859,379,000 (26.48%) | $3,842,066,000 (17.25%) | $3,276,950,000 (37.93%) | $2,375,793,000 (37.34%) |
Debt Current | - | - | - | - |
Debt Non-Current | - | - | - | - |
Total Liabilities | $5,007,193,000 (26.20%) | $3,967,700,000 (17.79%) | $3,368,475,000 (36.49%) | $2,467,988,000 (37.62%) |
Liabilities Current | - | - | - | - |
Liabilities Non-Current | - | - | - | - |
VEL Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $236,029,000 (37.43%) | $171,746,000 (64.79%) | $104,221,000 (23.41%) | $84,453,000 (22.93%) |
Cost of Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Selling General & Administrative Expense | $71,518,000 (42.26%) | $50,271,000 (56.09%) | $32,206,000 (53.66%) | $20,959,000 (-6.74%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $139,638,000 (38.78%) | $100,619,000 (68.63%) | $59,669,000 (33.61%) | $44,660,000 (-2.00%) |
Interest Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Income Tax Expense | $27,925,000 (48.27%) | $18,834,000 (56.52%) | $12,033,000 (13.85%) | $10,569,000 (97.48%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $68,466,000 (30.93%) | $52,293,000 (60.81%) | $32,519,000 (11.27%) | $29,224,000 (64.39%) |
Net Income to Non-Controlling Interests | $47,000 (135.00%) | $20,000 (-93.51%) | $308,000 (0%) | $0 (0%) |
Net Income | $68,419,000 (30.89%) | $52,273,000 (62.28%) | $32,211,000 (10.22%) | $29,224,000 (64.39%) |
Preferred Dividends Income Statement Impact | $834,000 (10.76%) | $753,000 (53.36%) | $491,000 (-94.28%) | $8,589,000 (-82.46%) |
Net Income Common Stock | $67,585,000 (31.18%) | $51,520,000 (62.42%) | $31,720,000 (53.72%) | $20,635,000 (166.18%) |
Weighted Average Shares | $32,653,000 (1.39%) | $32,206,000 (0.92%) | $31,913,000 (39.89%) | $22,813,000 (13.57%) |
Weighted Average Shares Diluted | $35,760,000 (3.70%) | $34,484,000 (1.03%) | $34,131,000 (0.44%) | $33,982,000 (69.17%) |
Earning Before Interest & Taxes (EBIT) | $96,344,000 (35.49%) | $71,107,000 (60.72%) | $44,244,000 (11.19%) | $39,793,000 (72.05%) |
Gross Profit | $236,029,000 (37.43%) | $171,746,000 (64.79%) | $104,221,000 (23.41%) | $84,453,000 (22.93%) |
Operating Income | $96,391,000 (35.52%) | $71,127,000 (59.65%) | $44,552,000 (11.96%) | $39,793,000 (72.05%) |
VEL Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$1,045,082,000 (-78.73%) | -$584,732,000 (35.62%) | -$908,238,000 (-38.35%) | -$656,483,000 (-848.22%) |
Net Cash Flow from Financing | $1,016,230,000 (89.68%) | $535,768,000 (-38.70%) | $874,016,000 (39.58%) | $626,172,000 (517.75%) |
Net Cash Flow from Operations | $37,755,000 (-22.69%) | $48,835,000 (0.33%) | $48,674,000 (-15.53%) | $57,622,000 (4.97%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $8,903,000 (7001.55%) | -$129,000 (-100.89%) | $14,452,000 (-47.08%) | $27,311,000 (476.24%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | -$10,755,000 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | -$1,038,616,000 (-74.92%) | -$593,760,000 (34.50%) | -$906,572,000 (-38.49%) | -$654,601,000 (-802.71%) |
Capital Expenditure | $351,000 (295.00%) | -$180,000 (44.79%) | -$326,000 (0.91%) | -$329,000 (79.07%) |
Issuance (Repayment) of Debt Securities | $1,008,026,000 (88.56%) | $534,604,000 (-38.82%) | $873,867,000 (39.46%) | $626,595,000 (314.60%) |
Issuance (Purchase) of Equity Shares | $10,145,000 (602.56%) | $1,444,000 (869.13%) | $149,000 (8.76%) | $137,000 (-99.87%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $6,155,000 (49.10%) | $4,128,000 (23.48%) | $3,343,000 (54.84%) | $2,159,000 (123.73%) |
Depreciation Amortization & Accretion | $2,000,000 (-12.93%) | $2,297,000 (8.55%) | $2,116,000 (-12.24%) | $2,411,000 (-1.43%) |
VEL Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 100.00% (0.00%) | 100.00% (0.00%) | 100.00% (0.00%) | 100.00% (0.00%) |
Profit Margin | 28.60% (-4.67%) | 30.00% (-1.32%) | 30.40% (24.59%) | 24.40% (153.74%) |
EBITDA Margin | 41.70% (-2.34%) | 42.70% (-4.04%) | 44.50% (-11.00%) | 50.00% (34.41%) |
Return on Average Equity (ROAE) | 14.00% (11.11%) | 12.60% (43.18%) | 8.80% (11.39%) | 7.90% (156.03%) |
Return on Average Assets (ROAA) | 1.30% (0.00%) | 1.30% (44.44%) | 0.90% (0.00%) | 0.90% (164.29%) |
Return on Sales (ROS) | 40.80% (-1.45%) | 41.40% (-2.59%) | 42.50% (-9.77%) | 47.10% (39.76%) |
Return on Invested Capital (ROIC) | 1.00% (11.11%) | 0.90% (28.57%) | 0.70% (-22.22%) | 0.90% (50.00%) |
Dividend Yield | 0% (0%) | 0% (0%) | 0% (0%) | 0% (0%) |
Price to Earnings Ratio (P/E) | 9.45 (-12.20%) | 10.76 (10.41%) | 9.75 (-35.97%) | 15.22 (478.75%) |
Price to Sales Ratio (P/S) | 2.71 (-16.20%) | 3.23 (9.27%) | 2.96 (-20.16%) | 3.7 (103.13%) |
Price to Book Ratio (P/B) | 1.25 (-3.76%) | 1.3 (56.87%) | 0.83 (-36.01%) | 1.3 (127.54%) |
Debt to Equity Ratio (D/E) | 9.69 (5.81%) | 9.15 (2.41%) | 8.94 (23.55%) | 7.24 (-11.41%) |
Earnings Per Share (EPS) | 2.07 (29.37%) | 1.6 (61.62%) | 0.99 (10.00%) | 0.9 (158.06%) |
Sales Per Share (SPS) | 7.23 (35.53%) | 5.33 (63.29%) | 3.27 (-11.78%) | 3.7 (8.25%) |
Free Cash Flow Per Share (FCFPS) | 1.17 (-22.77%) | 1.51 (-0.26%) | 1.51 (-39.67%) | 2.51 (-5.39%) |
Book Value Per Share (BVPS) | 15.83 (17.63%) | 13.46 (13.98%) | 11.81 (-21.03%) | 14.95 (36.77%) |
Tangible Assets Book Value Per Share (TABVPS) | 169.07 (23.81%) | 136.55 (16.45%) | 117.26 (-4.65%) | 122.99 (17.48%) |
Enterprise Value Over EBIT (EV/EBIT) | 53 (-8.62%) | 58 (-26.58%) | 79 (29.51%) | 61 (-24.69%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 52.4 (-6.57%) | 56.09 (-25.14%) | 74.92 (29.43%) | 57.88 (-20.55%) |
Asset Turnover | 0.05 (11.90%) | 0.04 (40.00%) | 0.03 (-14.29%) | 0.04 (9.38%) |
Current Ratio | - | - | - | - |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | $38,106,000 (-21.68%) | $48,655,000 (0.63%) | $48,348,000 (-15.61%) | $57,293,000 (7.45%) |
Enterprise Value (EV) | $5,153,230,368 (25.17%) | $4,116,832,455 (18.52%) | $3,473,390,049 (42.18%) | $2,442,945,675 (31.10%) |
Earnings Before Tax (EBT) | $96,344,000 (35.49%) | $71,107,000 (60.72%) | $44,244,000 (11.19%) | $39,793,000 (72.05%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $98,344,000 (33.98%) | $73,404,000 (58.33%) | $46,360,000 (9.85%) | $42,204,000 (65.02%) |
Invested Capital | $10,309,182,000 (26.06%) | $8,177,937,000 (17.55%) | $6,957,094,000 (35.51%) | $5,133,892,000 (34.66%) |
Working Capital | - | - | - | - |
Tangible Asset Value | $5,520,633,000 (25.53%) | $4,397,798,000 (17.52%) | $3,742,200,000 (33.38%) | $2,805,703,000 (33.42%) |
Market Capitalization | $647,726,368 (14.74%) | $564,505,455 (80.46%) | $312,813,049 (-29.29%) | $442,414,675 (253.52%) |
Average Equity | $481,461,000 (17.49%) | $409,793,250 (13.52%) | $360,989,250 (38.81%) | $260,059,250 (17.43%) |
Average Assets | $5,057,873,250 (24.04%) | $4,077,530,000 (17.86%) | $3,459,700,500 (42.64%) | $2,425,521,500 (11.85%) |
Invested Capital Average | $9,416,939,750 (24.23%) | $7,580,029,250 (18.22%) | $6,412,026,250 (45.55%) | $4,405,395,250 (10.99%) |
Shares | 33,114,845 (1.02%) | 32,781,966 (1.13%) | 32,415,860 (0.38%) | 32,293,042 (60.76%) |
