Vitesse Energy Inc
VTSAbove valueHeld by 1 superinvestor.
SEC 10-K · fundamentals
Business quality
as of 2025-12-31Valuation basis: trailing twelve months to 2026-06-30 — latest 10-K plus unaudited 10-Q filings.
- Revenue growth
- +13.2%
- Net margin
- 9.2%
- ROE
- 4.0%
- FCF margin
- —
Valuation · value band
Above fair value
$15 value estimate
Vitesse Energy Inc (VTS): A conservative earnings-power estimate, $15 / sh; today’s price sits above it (price $17 as of 2026-08-26).
Zero-growth downside $15
Price as of 2026-08-26 · yahoo.
Method & numbers
Buybacks over the years shown roughly only offset stock-based-compensation dilution — read them as maintaining the share count, not a net return of capital.
A conservative intrinsic-value band (zero-growth floor to growth-capped DCF) plus a tangible asset floor — not investment advice, not a buy/sell signal, and not a price target.
· Greenwald zero-growth $14.56 · zero-growth base $14.56 · reproduction $14.56
Moat Below asset base.
Graham earnings-power value (normalized NOPAT)$3.35 – $4.09 / sh
Normalized NOPAT = average operating margin over the years shown × latest-year revenue × (1 − normalized tax); then + D&A − maintenance capex (write A). Unlevered (pre-interest, attributable to all capital). Capitalized at the 9–11% rate band (read as a WACC proxy). Enterprise → equity bridge applied: + cash − total debt.
Years: TTM 2026-06-30, 2024, 2023, 2022, 2021
v1 simplifications: Maintenance capex unavailable → degraded to the v1 simplification (maintenance capex = D&A, so the depreciation add-back nets to zero). Share-based compensation is left as a real expense (not added back). Operating margin is below its multi-year average (cyclical/declining): normalized margin capped at the latest year — no peak-margin capitalization (audit #2).
Buffett owner-earnings value
Normalized owner earnings are non-positive over the years shown; earnings power cannot be capitalized.
Owner earnings = average net income + average D&A − maintenance capex (zero-growth floor; no ΔNWC). Levered (starts from net income, already after interest — an equity-holder stream). Capitalized at the 9–11% rate band (read as a cost-of-equity proxy). No enterprise→equity bridge: the capitalized result is already equity value (subtracting debt would double-count interest).
Years: TTM 2026-06-30, 2024, 2023, 2022, 2021
v1 simplifications: Net income is below its multi-year average (cyclical/declining): normalized owner earnings anchored to the latest year — no peak-earnings capitalization (audit #2). Maintenance capex or D&A unavailable → degraded to normalized net income (= average net income over the years shown). One-time items are not separately normalized (multi-year averaging smooths them partially). Share-based compensation is left as a real expense (not added back); see the SBC/OE disclosure. Capitalized at the 9–11% band as a cost-of-equity proxy; no leverage premium applied. Net debt or owner earnings is unavailable, so no adjustment is made.
Reproduction value = tangible net assets $623.92M = $14.56 / sh. Total book value (shareholders' equity ÷ diluted shares); intangibles not separated — goodwill/intangibles unavailable this period.
Moat reading: Franchise test compares earnings power (EPV) against reproduction value (tangible net assets + capitalized R&D). EPV well above reproduction value signals a moat; near it, a commodity; below it, value destruction. Dual reproduction test unavailable (intangibles not separated). A directional reading, not a verdict.
Growth value gated to zero — no moat or ROIIC ≤ WACC, so no growth value is credited.
Window TTM 2026-06-30, FY 2024, 2023, 2022, 2021 · discount band 9%–11% · normalized tax 21% (Average effective tax rate over 5 year(s), capped at the statutory 21%.) · diluted shares.
Valuation basis: trailing twelve months to 2026-06-30 — latest 10-K plus unaudited 10-Q filings.
How to read intrinsic valueSEC 13F · holders
Superinvestors Holding This Security
1 holder · $20,391 combined · this quarter +1 opened / -0 exited
- Value$20,391Weight (prev→now)New · 0.0%
SEC 13F · notes
Written summary
Written summary
Vitesse Energy Inc (VTS) is held by 1 of the superinvestors tracked on Compounder, with a combined $20,391 in reported 13F value. The largest position belongs to Francis Chou, where it makes up 0.0% of the portfolio.
Over the latest quarter, 1 of the tracked filers opened a new position in VTS, 0 added to existing ones, 0 trimmed, and 0 sold out entirely.
Holder counts and values reflect the most recent SEC Form 13F filings, through the quarter ended 2026-06-30. Source: SEC EDGAR. A 13F shows only long US-listed positions and can lag the real portfolio by up to 45 days, so this is disclosed long ownership, not a complete picture.
SEC 13F · co-ownership
Also held by these investors
Investors holding Vitesse Energy Inc (VTS) also commonly hold →
- Berkshire Hathaway Inc-Cl ABRK.A1 holder
- Alphabet Inc-Cl CGOOG1 holder
- Synchrony FinancialSYF1 holder
- Occidental Petroleum CorpOXY1 holder
- Sirius Xm Holdings IncSIRI1 holder
- Apple IncAAPL1 holder
VTS's price is not below its conservative value band. See current strike-zone stocks
Sources· SEC EDGAR 13F as of 2026-06-30 · filed 2026-08-12
Educational data only — not investment advice. 13F positions are self-reported and can lag up to 45 days.
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