Variscan Mines Limited engages in the acquisition, exploration, and development of mineral properties.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.063|
|52 Week High||AU$0.024|
|52 Week Low||AU$0.15|
|1 Month Change||-3.08%|
|3 Month Change||-4.55%|
|1 Year Change||70.27%|
|3 Year Change||57.50%|
|5 Year Change||-84.25%|
|Change since IPO||-96.50%|
Recent News & Updates
|VAR||AU Metals and Mining||AU Market|
Return vs Industry: VAR exceeded the Australian Metals and Mining industry which returned 12.2% over the past year.
Return vs Market: VAR exceeded the Australian Market which returned 20.2% over the past year.
Stable Share Price: VAR is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: VAR's weekly volatility has decreased from 21% to 9% over the past year.
About the Company
Variscan Mines Limited engages in the acquisition, exploration, and development of mineral properties. It explores for zinc, copper, gold, lead, uranium, and precious metal deposits. The company owns interests in the Novales/Udias and Guajaraz projects located in Spain; the Rosario project located to the east of the port city of Chanaral, Chile; and the Junction Dam and Callabonna tenements located in South Australia.
Variscan Mines Fundamentals Summary
|VAR fundamental statistics|
Is VAR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|VAR income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.0026|
|Net Profit Margin||0.00%|
How did VAR perform over the long term?See historical performance and comparison
Is Variscan Mines undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate VAR's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate VAR's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: VAR is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.
PE vs Market: VAR is unprofitable, so we can't compare its PE Ratio to the Australian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate VAR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: VAR is good value based on its PB Ratio (1.8x) compared to the AU Metals and Mining industry average (2.6x).
How is Variscan Mines forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Variscan Mines has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Variscan Mines performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VAR is currently unprofitable.
Growing Profit Margin: VAR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: VAR is unprofitable, but has reduced losses over the past 5 years at a rate of 14.3% per year.
Accelerating Growth: Unable to compare VAR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: VAR is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).
Return on Equity
High ROE: VAR has a negative Return on Equity (-7.38%), as it is currently unprofitable.
How is Variscan Mines's financial position?
Financial Position Analysis
Short Term Liabilities: VAR's short term assets (A$4.5M) exceed its short term liabilities (A$232.4K).
Long Term Liabilities: VAR has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: VAR is debt free.
Reducing Debt: VAR had no debt 5 years ago.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: VAR has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: VAR has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 29.4% each year
What is Variscan Mines's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate VAR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate VAR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if VAR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if VAR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of VAR's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Dick Dickson (43 yo)
Mr. Stewart James Dickson, B.A. (Hons), M.B.A., also known as Dick, serves as an Independent Non-Executive Director at Volga Gas plc since March 16, 2020. Mr. Dickson has been Managing Director at Variscan...
CEO Compensation Analysis
Compensation vs Market: Dick's total compensation ($USD199.18K) is below average for companies of similar size in the Australian market ($USD302.72K).
Compensation vs Earnings: Dick's compensation has been consistent with company performance over the past year.
Experienced Board: VAR's board of directors are considered experienced (3.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: VAR insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 27%.
Variscan Mines Limited's employee growth, exchange listings and data sources
- Name: Variscan Mines Limited
- Ticker: VAR
- Exchange: ASX
- Founded: 1987
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$17.071m
- Shares outstanding: 266.73m
- Website: https://www.variscan.com.au
- Variscan Mines Limited
- 7 The Esplanade
- Suite 8
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/18 07:05|
|End of Day Share Price||2021/10/18 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.