Victory Square Technologies Inc (TSE:VST)
:VST
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Victory Square Technologies Inc
(VST)
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Rating:56Neutral
Price Target:
C$0.74
▲(0.27% Upside)
Action:Reiterated
Date:06/11/26
The score is driven primarily by improving fundamentals (return to profitability and much healthier leverage), but it is held back by continued negative operating and free cash flow. Technically, the stock is in a weak trend (below major moving averages), while valuation looks moderate based on a ~11.7 P/E.
Positive Factors
Revenue Growth & Profitability Turnaround
Revenue accelerated sharply and the company returned to positive EBIT and net income on a TTM basis, indicating a meaningful operational turnaround. This suggests the venture-building model is starting to scale and convert investments into recurring consolidated profits over the medium term.
Negative Factors
Persistent Negative Cash Flow
Despite accounting profits, the business is not converting earnings into cash and shows persistent operating and free cash outflows. This structural cash burn necessitates continued external financing or asset monetization, constraining runway and strategic autonomy in the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth & Profitability Turnaround
Revenue accelerated sharply and the company returned to positive EBIT and net income on a TTM basis, indicating a meaningful operational turnaround. This suggests the venture-building model is starting to scale and convert investments into recurring consolidated profits over the medium term.
Read all positive factors
Victory Square Technologies Inc (VST) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$71.95M
Dividend YieldN/A
Average Volume (3M)154.19K
Price to Earnings (P/E)14.2
Beta (1Y)1.05
Revenue Growth215.15%
EPS Growth215.00%
CountryCA
Employees2
SectorHealthcare
Sector Strength45
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)0.05
Shares Outstanding104,277,470
10 Day Avg. Volume203,341
30 Day Avg. Volume154,185
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)2.39
Price to Sales (P/S)2.08
P/FCF Ratio-15.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Victory Square Technologies Inc Business Overview & Revenue Model
Company Description
Victory Square Technologies Inc. functions as a private equity and venture capital firm, primarily focused on nurturing, acquiring, and investing in nascent and early-stage companies. It empowers these ventures by supplying crucial senior leadersh...
How the Company Makes Money
VST primarily makes money through (1) value creation and monetization of its equity stakes in portfolio companies and (2) fees or revenue shares tied to services it provides to those companies. Equity monetization can occur when VST sells shares i...
Victory Square Technologies Inc Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
73
Positive
Cash Flow
34
Negative
| Breakdown | Mar 2026 | Jun 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 35.39M | 16.72M | 12.06M | 5.93M | 1.49M |
| Gross Profit | 9.00M | 6.37M | 5.49M | 3.26M | 910.14K |
| EBITDA | 1.86M | 2.06M | -13.89M | -24.59M | -16.59M |
| Net Income | 2.04M | 1.23M | -14.15M | -28.59M | -19.43M |
Balance Sheet | |||||
| Total Assets | 42.60M | 10.22M | 11.78M | 24.18M | 37.33M |
| Cash, Cash Equivalents and Short-Term Investments | 16.27M | 1.23M | 2.20M | 3.83M | 4.38M |
| Total Debt | 8.84M | 2.41M | 6.84M | 6.60M | 4.28M |
| Total Liabilities | 14.93M | 7.47M | 12.07M | 10.93M | 6.17M |
| Stockholders Equity | 30.76M | 6.13M | 3.96M | 13.97M | 27.38M |
Cash Flow | |||||
| Free Cash Flow | -4.68M | -1.69M | -3.39M | -4.17M | -8.86M |
| Operating Cash Flow | -3.17M | -503.33K | -3.18M | -3.61M | -8.57M |
| Investing Cash Flow | -1.44M | -213.03K | 1.48M | -808.30K | -3.51M |
| Financing Cash Flow | 19.59M | -181.11K | 95.35K | 3.87M | 11.90M |
Victory Square Technologies Inc Technical Analysis
Neutral
0.74
Price Trends
0.68
Positive
0.61
Positive
0.69
Negative
Market Momentum
<0.01
Positive
49.56
Neutral
70.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:VST, the sentiment is Neutral. The current price of 0.74 is above the 20-day moving average (MA) of 0.71, above the 50-day MA of 0.68, and above the 200-day MA of 0.69, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.56 is Neutral, neither overbought nor oversold. The STOCH value of 70.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:VST.
Victory Square Technologies Inc Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | C$71.95M | 14.18 | 18.75% | ― | 215.15% | 215.00% | |
55 Neutral | C$130.35M | -13.65 | -9.23% | ― | 7.99% | 55.86% | |
52 Neutral | C$63.68M | -5.90 | -10.20% | ― | 9.89% | -17.70% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
43 Neutral | C$8.66M | -0.84 | ― | ― | 23.83% | -149.02% | |
40 Underperform | C$4.72M | -13.14 | ― | ― | -100.00% | 89.23% |
* Healthcare Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.