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VAR

Variscan MinesASX:VAR Stock Report

Market Cap

AU$17.1m

7D

3.3%

1Y

70.3%

Updated

18 Oct, 2021

Data

Company Financials
VAR fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

VAR Overview

Variscan Mines Limited engages in the acquisition, exploration, and development of mineral properties.

Price History & Performance

Summary of all time highs, changes and price drops for Variscan Mines
Historical stock prices
Current Share PriceAU$0.063
52 Week HighAU$0.024
52 Week LowAU$0.15
Beta2.09
1 Month Change-3.08%
3 Month Change-4.55%
1 Year Change70.27%
3 Year Change57.50%
5 Year Change-84.25%
Change since IPO-96.50%

Recent News & Updates

Shareholder Returns

VARAU Metals and MiningAU Market
7D3.3%4.3%0.9%
1Y70.3%12.2%20.2%

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.

Price Volatility

Is VAR's price volatile compared to industry and market?
VAR volatility
VAR Beta2.09
Industry Beta0.97
Market Beta1

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

FoundedEmployeesCEOWebsite
1987n/aDick Dicksonhttps://www.variscan.com.au

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

How do Variscan Mines's earnings and revenue compare to its market cap?
VAR fundamental statistics
Market CapAU$17.07m
Earnings (TTM)-AU$684.61k
Revenue (TTM)n/a

0x

P/S Ratio

-24.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VAR income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$684.61k
Earnings-AU$684.61k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0026
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did VAR perform over the long term?

See historical performance and comparison

Valuation

Is Variscan Mines undervalued compared to its fair value and its price relative to the market?

1.81x

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).


Future Growth

How is Variscan Mines forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.3%

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.


Past Performance

How has Variscan Mines performed over the past 5 years?

14.3%

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.


Financial Health

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.


Balance Sheet


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


Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.8yrs

Average board tenure


CEO

Dick Dickson (43 yo)

4.42yrs

Tenure

AU$268,357

Compensation

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.


Board Members

Experienced Board: VAR's board of directors are considered experienced (3.8 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 27%.


Top Shareholders

Company Information

Variscan Mines Limited's employee growth, exchange listings and data sources


Key Information

  • 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

Location

  • Variscan Mines Limited
  • 7 The Esplanade
  • Suite 8
  • Perth
  • Western Australia
  • 6153
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 07:05
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.