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Viva Leisure Limited (VVA) Fair Value & Analysis

Consumer Cyclical · AU · Market cap A$143M

VL Viva Leisure Limited VVA · AU
PriceA$1.48
Fair ValueA$1.17
Upside-21.0%
Quality43/100
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Healthy Growth
Thin margins · 3.7% net margin
Moderate debt · generates free cash flow
Ranks above peers (9/13)
Moderate moat 46/100
Evidence: High Range A$0.8200 – A$1.46 Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from A$2.05 to A$1.17 (−42.9%) since Jun 24, 2026. Share price −2.6% over the past month.

Below-average quality, and screening another 21% overvalued on our models.

What matters now

  • Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • Our model range runs from A$0.8200 (bear) to A$1.46 (bull), base A$1.17. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 43/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

A$2.45 A$1.01 Fair Value A$1.17 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range A$1.01 – A$2.45 · fair‑value band A$0.8200 – A$1.46 · the A$1.48 price screens above the A$1.17 fair value. Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

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Analysis

Viva Leisure Limited (VVA) currently trades at A$1.48, while our model-based Fair Value estimate is A$1.17, implying the stock looks roughly 21.0% overvalued today. The Quality Score stands at 43/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Viva Leisure Limited generated revenue of A$229M at a net margin of 3.7%. Revenue grew 17.6% year over year. It earns a return on equity of 7.5%. Net debt stands at A$371M. Fundamentals as of Jul 16, 2026

Our scenario range runs from A$0.8200 (bear case) to A$1.46 (bull case); at A$1.48, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 21% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 2% fair-value upside, at -21%, VVA screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF A$3.68 A$6.49 A$10.88 80
Residual Income A$0.7800 A$0.7700 A$0.6600 76
Rev-Margin DCF A$2.33 A$4.30 A$8.42 74
All 26 models by family
DCF Models
FCF DCF A$3.99 A$5.95 A$11.68 38
Owner Earnings A$3.61 A$7.96 A$15.54 31
5Y Revenue Exit A$2.08 A$3.65 A$6.87 39
5Y EBITDA Exit A$6.51 A$12.57 A$24.47 41
5Y P/E Exit A$1.41 A$2.91 A$4.74 38
10Y Revenue Exit A$2.73 A$5.60 A$7.01 36
10Y EBITDA Exit A$5.55 A$13.71 A$28.05 37
10Y P/E Exit A$2.36 A$4.36 A$7.16 35
Earnings-Based
Graham-Dodd A$0.3600 A$2.52 A$3.53 54
Lynch FV A$1.21 A$1.73 A$2.25 50
PEG = 1.0 A$1.21 A$1.73 A$2.25 46
EPV A$1.19 A$1.44 A$1.64 59
Dividend Discount
Gordon GGM A$0.9100 A$1.53 A$1.98 70
DDM Multi-Stage A$0.9100 A$1.45 A$1.64 61
Multiples
P/E Multiple A$0.8800 A$1.17 A$1.46 63
P/S Multiple A$0.6800 A$0.9000 A$1.13 58
P/B Multiple A$0.6800 A$0.9000 A$1.13 55
EV/EBIT A$3.47 A$4.92 A$6.38 53
EV/EBITDA A$7.87 A$10.79 A$13.72 54
EV/Revenue A$0.9000 A$1.67 A$2.44 43
Asset-Based
NCAV (Graham) A$0.5600 A$0.7500 A$1.13 50
Growth DCF
Growth DCF A$3.68 A$6.49 A$10.88 80
Rev-Margin DCF A$2.33 A$4.30 A$8.42 74
Economic Profit
Residual Income A$0.7800 A$0.7700 A$0.6600 76
ROIC Compounder A$1.25 A$1.85 A$2.34 72
Growth Earnings
Growth-Adj P/E A$1.63 A$2.33 A$3.03 68

Widest divergence: DCF Models (A$5.60) versus Asset-Based (A$0.7500). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) A$229M
Revenue growth (YoY) +17.6%
Net margin 3.7%
Return on equity 7.5%
Free cash flow A$40.6M FY2025
P/E ratio 18.1
More key figures
Operating margin 17.6%
EPS (TTM) A$0.0800
EPS growth (YoY) +174%
Net debt A$371M FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 43 · Market factors (momentum, volatility) 52

Profitability 30
Margins and returns on capital today
Quality Growth 77
Are margins and returns improving?
Cashflow 80
Earnings quality: real cash, not paper profit
Fin. Strength 17
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 43
Distance to the 52-week high (market factor)
Net Issuance 15
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Viva Leisure Limited operates health clubs. The company operates health clubs under the Club Lime; and franchised health clubs under the Plus Fitness brand in Australia, New Zealand, and India. It also operates fitness club under the hiit republic, GROUNDUP, rebalance brands.

Full company description

Viva Leisure Limited operates health clubs. The company operates health clubs under the Club Lime; and franchised health clubs under the Plus Fitness brand in Australia, New Zealand, and India. It also operates fitness club under the hiit republic, GROUNDUP, rebalance brands. In addition, the company offers Viva Pay, a proprietary payments platform; Supp Society, an in-house e-commerce, and in-club supplement brand; and Fling, a flexible gym access platform. Further, it offers Viva Labs, a dedicated in-house technology division that designs, builds, and manages the platforms underpinning every aspect of operations; and Viva Access, a control system, to power secure, seamless, and fully autonomous entry across our entire network. Additionally, the company provides debit services; rents fitness equipment; and supplement. Viva Leisure Limited was founded in 2004 and is headquartered in Dickson, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Viva Leisure Limited reported revenue of A$210M in FY2025 versus A$83.6M in FY2021, a compound +25.9%/yr. Reported net income was A$5.2M in FY2025.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
A$210M
Latest YoY
+30.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+32.3%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+39.1%
Avg. growth/yr (10Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+27.9%
Revenue +25.9%/yr
FY21 A$83.6M
FY22 A$90.8M
FY23 A$141M
FY24 A$161M
FY25 A$210M
Net income
FY21 −A$6.4M
FY22 −A$12.1M
FY23 A$3.4M
FY24 A$3.2M
FY25 A$5.2M

VVA screens 21% overvalued. Compare with ANTA Sports Products Limited →

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Cite: Fair Value Calculator (2026). "Viva Leisure Limited Fair Value". https://www.fairvalue-calculator.com/stock/VVA

Peer Group

Leisure · 190 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 43 · Bottom 25%
Fair Value upside −21% · Below median
Return on equity (TTM) 8% · Above median
Return on assets 4% · Above median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 18% · Top 25%
Revenue growth 18% · Top 25%
Debt / equity 0.91× · Higher than 75% of peers

Valuation Multiples vs Leisure median · lower = cheaper

P/E (TTM) 18.1× · Cheaper than median
P/B 0.91× · Cheaper than median
P/S (TTM) 0.44× · Cheaper than median
P/FCF 2.5× · Cheaper than median
EV/EBITDA 3.4× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 5 · sector 14
FUTURE 88 · sector 18
PAST 30 · sector 19
HEALTH 55 · sector 94
DIVIDEND 0 · sector 51

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Leisure stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
ANTA Sports Products Limited 2020 HK$74.15 HK$119.29 +61%
Pop Mart International Group 9992 HK$160.20 HK$227.30 +42%
Amer Sports, Inc AS $36.44 $16.16 -56%
Hasbro, Inc HAS $81.55 $83.38 +2%
Life Time Group LTH $42.15 $16.15 -62%
Acushnet Holdings GOLF $114.78 $37.79 -67%
Li Ning Company 2331 HK$14.80 HK$29.26 +98%
Benefit Systems S.A BFT 5,255 PLN 3,714 PLN -29%
Ninebot Limited 689009 ¥37.82 ¥39.17 +4%
Asmodee Group ASMDEEB kr 145.70 kr 41.90 -71%

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Frequently asked questions

Is Viva Leisure Limited (VVA) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of A$1.17 versus a price of A$1.48, about −21% (overvalued).
What is the fair value of VVA?
Our model-based fair value for Viva Leisure Limited is A$1.17 (as of Jul 16, 2026), built from audited fundamentals. The current price is A$1.48.
What is the quality score of VVA?
Viva Leisure Limited has a Quality Score of 43/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Viva Leisure Limited (VVA)?
Viva Leisure Limited reported trailing-twelve-month revenue of about A$229M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of VVA?
The net profit margin of Viva Leisure Limited is about 3.7%, meaning it keeps roughly 3.7% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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