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Varia US Properties

SWX:VARN
Snowflake Description

Good value second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VARN
SWX
CHF330M
Market Cap
  1. Home
  2. CH
  3. Real Estate
Company description

Varia US Properties AG, a real estate investment company, acquires, holds, and sells properties in the United States. The last earnings update was 106 days ago. More info.


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VARN Share Price and Events
7 Day Returns
0.3%
SWX:VARN
1.2%
CH Real Estate
0.1%
CH Market
1 Year Returns
-2.1%
SWX:VARN
8.3%
CH Real Estate
4.7%
CH Market
VARN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Varia US Properties (VARN) 0.3% 0% -3.4% -2.1% - -
CH Real Estate 1.2% 4% 7.6% 8.3% 12.3% 34.7%
CH Market 0.1% 0.1% 2.9% 4.7% 15.1% 13.3%
1 Year Return vs Industry and Market
  • VARN underperformed the Real Estate industry which returned 8.3% over the past year.
  • VARN underperformed the Market in Switzerland which returned 4.7% over the past year.
Price Volatility
VARN
Industry
5yr Volatility vs Market

Value

 Is Varia US Properties undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Varia US Properties to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Varia US Properties.

SWX:VARN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 14.1%
Perpetual Growth Rate 10-Year CH Government Bond Rate 3.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SWX:VARN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CH Govt Bond Rate 3.3%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.051 (1 + (1- 18%) (135.31%))
1.816
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (1.816 * 5.96%)
14.1%

Discounted Cash Flow Calculation for SWX:VARN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Varia US Properties is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SWX:VARN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 14.1%)
2020 46.66 Est @ 18.69% 40.90
2021 53.23 Est @ 14.07% 40.88
2022 58.99 Est @ 10.83% 39.71
2023 64.04 Est @ 8.56% 37.79
2024 68.51 Est @ 6.98% 35.43
2025 72.53 Est @ 5.87% 32.87
2026 76.22 Est @ 5.09% 30.28
2027 79.68 Est @ 4.54% 27.74
2028 83.00 Est @ 4.16% 25.32
2029 86.23 Est @ 3.9% 23.06
Present value of next 10 years cash flows $333.98
SWX:VARN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $86.23 × (1 + 3.28%) ÷ (14.1% – 3.28%)
$822.80
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $822.80 ÷ (1 + 14.1%)10
$220.03
SWX:VARN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $333.98 + $220.03
$554.01
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $554.01 / 9.00
$61.55
SWX:VARN Discount to Share Price
Calculation Result
Exchange Rate USD/CHF
(Reporting currency to currency of SWX:VARN)
0.982
Value per Share
(CHF)
= Value per Share in USD x Exchange Rate (USD/CHF)
= $61.55 x 0.982
CHF60.46
Value per share (CHF) From above. CHF60.46
Current discount Discount to share price of CHF36.70
= -1 x (CHF36.70 - CHF60.46) / CHF60.46
39.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Varia US Properties is available for.
Intrinsic value
39%
Share price is CHF36.7 vs Future cash flow value of CHF60.46
Current Discount Checks
For Varia US Properties to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Varia US Properties's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Varia US Properties's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Varia US Properties's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Varia US Properties's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:VARN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $2.79
SWX:VARN Share Price ** SWX (2019-07-19) in CHF CHF36.7
SWX:VARN Share Price converted to USD reporting currency Exchange rate (CHF/ USD) 1.018 $37.36
Switzerland Real Estate Industry PE Ratio Median Figure of 19 Publicly-Listed Real Estate Companies 15.84x
Switzerland Market PE Ratio Median Figure of 174 Publicly-Listed Companies 18.09x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Varia US Properties.

SWX:VARN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SWX:VARN Share Price ÷ EPS (both in USD)

= 37.36 ÷ 2.79

13.39x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Varia US Properties is good value based on earnings compared to the CH Real Estate industry average.
  • Varia US Properties is good value based on earnings compared to the Switzerland market.
Price based on expected Growth
Does Varia US Properties's expected growth come at a high price?
Raw Data
SWX:VARN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Switzerland Real Estate Industry PEG Ratio Median Figure of 7 Publicly-Listed Real Estate Companies -3.49x
Switzerland Market PEG Ratio Median Figure of 124 Publicly-Listed Companies 2.28x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Varia US Properties, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Varia US Properties's assets?
Raw Data
SWX:VARN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $37.14
SWX:VARN Share Price * SWX (2019-07-19) in CHF CHF36.7
SWX:VARN Share Price converted to USD reporting currency Exchange rate (CHF/ USD) 1.018 $37.36
Switzerland Real Estate Industry PB Ratio Median Figure of 21 Publicly-Listed Real Estate Companies 1.04x
Switzerland Market PB Ratio Median Figure of 215 Publicly-Listed Companies 1.64x
SWX:VARN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SWX:VARN Share Price ÷ Book Value per Share (both in USD)

= 37.36 ÷ 37.14

1.01x

* Primary Listing of Varia US Properties.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Varia US Properties is good value based on assets compared to the CH Real Estate industry average.
X
Value checks
We assess Varia US Properties's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Varia US Properties has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Varia US Properties expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.4%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is Varia US Properties expected to grow at an attractive rate?
  • Varia US Properties's earnings growth is expected to exceed the low risk savings rate of 3.3%.
Growth vs Market Checks
  • Varia US Properties's earnings growth is expected to exceed the Switzerland market average.
  • Unable to compare Varia US Properties's revenue growth to the Switzerland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SWX:VARN Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:VARN Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 0 Analysts 16.4%
Switzerland Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -3.7%
Switzerland Real Estate Industry Revenue Growth Rate Market Cap Weighted Average -1.7%
Switzerland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
Switzerland Market Revenue Growth Rate Market Cap Weighted Average 3.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SWX:VARN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SWX:VARN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31
2019-12-31
SWX:VARN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 84 39 25
2018-09-30 80 38 27
2018-06-30 76 36 28
2018-03-31 71 33 28
2017-12-31 66 30 28
2016-12-31 31 5 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Varia US Properties's earnings are expected to grow by 16.4% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Varia US Properties is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SWX:VARN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Varia US Properties Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:VARN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 3.94 3.94 3.94 1.00
2019-12-31 3.78 3.78 3.78 1.00
SWX:VARN Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 2.79
2018-09-30 3.15
2018-06-30 3.57
2018-03-31 3.83
2017-12-31 4.15
2016-12-31 2.70

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Varia US Properties will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Varia US Properties's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Switzerland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Switzerland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Varia US Properties has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Varia US Properties performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Varia US Properties's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Varia US Properties's year on year earnings growth rate was positive over the past 5 years.
  • Varia US Properties's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Varia US Properties's 1-year earnings growth is negative, it can't be compared to the CH Real Estate industry average.
Earnings and Revenue History
Varia US Properties's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Varia US Properties Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:VARN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 84.29 24.92 0.84
2018-09-30 80.33 26.50 0.39
2018-06-30 76.37 28.09 0.58
2018-03-31 71.06 28.07 0.60
2017-12-31 65.75 28.06
2016-12-31 31.32 7.10 0.34

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Varia US Properties has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Varia US Properties used its assets more efficiently than the CH Real Estate industry average last year based on Return on Assets.
  • Unable to establish if Varia US Properties improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Varia US Properties's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Varia US Properties has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Varia US Properties's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Varia US Properties's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Varia US Properties is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Varia US Properties's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Varia US Properties's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Varia US Properties Company Filings, last reported 6 months ago.

SWX:VARN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 334.34 455.01 44.26
2018-09-30 334.34 455.01 44.26
2018-06-30 322.46 426.82 53.93
2018-03-31 322.46 426.82 53.93
2017-12-31 270.38 343.58 38.38
2016-12-31 225.00 203.07 96.30
  • Varia US Properties's level of debt (136.1%) compared to net worth is high (greater than 40%).
  • Unable to establish if Varia US Properties's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (8.6%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Varia US Properties's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Varia US Properties has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Varia US Properties's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.76%
Current annual income from Varia US Properties dividends.
If you bought CHF2,000 of Varia US Properties shares you are expected to receive CHF115 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Varia US Properties's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (1.98%).
  • Varia US Properties's dividend is above the markets top 25% of dividend payers in Switzerland (3.75%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SWX:VARN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Switzerland Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.6%
Switzerland Market Average Dividend Yield Market Cap Weighted Average of 167 Stocks 3%
Switzerland Minimum Threshold Dividend Yield 10th Percentile 1.3%
Switzerland Bottom 25% Dividend Yield 25th Percentile 2%
Switzerland Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SWX:VARN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
SWX:VARN Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-04 2.152 5.912
2018-08-30 0.000 0.000
2018-04-09 0.000 0.000
2017-04-26 1.338 3.374

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Varia US Properties has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Varia US Properties only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Varia US Properties's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Varia US Properties's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Varia US Properties afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Varia US Properties has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Varia US Properties's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Varia US Properties has no CEO, or we have no data on them.
Management Team

Jaume Sabater Martos

TITLE
Executive Vice Chairman
COMPENSATION
$42K
AGE
40

Patrick Richard

TITLE
Principal
COMPENSATION
$60K
AGE
48

Robert Brehl

TITLE
Chief Financial Officer
AGE
57
TENURE
1.3 yrs

Michael Dueringer

TITLE
Investor Relations & Corporate Communications

Brandon Rosser

TITLE
General Counsel of Stoneweg US LLC
TENURE
0.5 yrs

Taner Alicehic

TITLE
Executive Director

Taner Alicehic

TITLE
Executive Director
AGE
45
Board of Directors Tenure

Average tenure and age of the Varia US Properties board of directors in years:

4
Average Tenure
48
Average Age
  • The tenure for the Varia US Properties board of directors is about average.
Board of Directors

Manuel Leuthold

TITLE
Non-Executive Chairman
COMPENSATION
$74K
AGE
60
TENURE
3.5 yrs

Jaume Sabater Martos

TITLE
Executive Vice Chairman
COMPENSATION
$42K
AGE
40
TENURE
4.5 yrs

Patrick Richard

TITLE
Principal
COMPENSATION
$60K
AGE
48
TENURE
3.5 yrs

Taner Alicehic

TITLE
Executive Director
TENURE
4.5 yrs

Taner Alicehic

TITLE
Executive Director
AGE
45
TENURE
4.5 yrs

Beat Schwab

TITLE
Non Executive Director
COMPENSATION
$68K
AGE
53
TENURE
3.5 yrs

Stefan Buser

TITLE
Non Executive Director
COMPENSATION
$65K
AGE
52
TENURE
2.2 yrs

Dany Roizman

TITLE
Non Executive Director
COMPENSATION
$42K
AGE
47
TENURE
4.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CHF) Value (CHF)
X
Management checks
We assess Varia US Properties's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Varia US Properties has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Could The Varia US Properties AG (VTX:VARN) Ownership Structure Tell Us Something Useful?

Varia US Properties is a smaller company with a market capitalization of CHF330m, so it may still be flying under the radar of many institutional investors. … View our latest analysis for Varia US Properties SWX:VARN Ownership Summary, July 9th 2019 What Does The Institutional Ownership Tell Us About Varia US Properties? … Private Company Ownership Our data indicates that Private Companies hold 50%, of the company's shares.

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Here's What Varia US Properties AG's (VTX:VARN) P/E Ratio Is Telling Us

We'll apply a basic P/E ratio analysis to Varia US Properties AG's (VTX:VARN), to help you decide if the stock is worth further research. … The formula for P/E is: Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) Or for Varia US Properties: P/E of 13.1 = $36.56 (Note: this is the share price in the reporting currency, namely, USD ) ÷ $2.79 (Based on the trailing twelve months to December 2018.) Is A High Price-to-Earnings Ratio Good? … The Verdict On Varia US Properties's P/E Ratio Varia US Properties has a P/E of 13.1.

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Varia US Properties AG (VTX:VARN) Will Pay US$2.50 In Dividends

Investors who want to cash in on Varia US Properties AG's (VTX:VARN) upcoming dividend of US$2.50 per share have only 2 days left to buy the shares before its ex-dividend date, 03 May 2019, in time for dividends payable on the 07 May 2019. … 5 checks you should use to assess a dividend stock? … If you are a dividend investor, you should always assess these five key metrics:?

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Is Varia US Properties AG's (VTX:VARN) Balance Sheet A Threat To Its Future?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.

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Boasting A 10.0% Return On Equity, Is Varia US Properties AG (VTX:VARN) A Top Quality Stock?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every CHF1 worth of shareholders' equity, it generated CHF0.10 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

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Does Varia US Properties AG's (VTX:VARN) P/E Ratio Signal A Buying Opportunity?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll look at Varia US Properties AG's (VTX:VARN) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS)

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Is Varia US Properties AG (VTX:VARN) A Financially Sound Company?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

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What Kind Of Shareholder Appears On The Varia US Properties AG's (VTX:VARN) Shareholder Register?

If you want to know who really controls Varia US Properties AG (VTX:VARN), then you'll have to look at the makeup of its share registry. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … With a market capitalization of CHF335m, Varia US Properties is a small cap stock, so it might not be well known by many institutional investors.

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Did Varia US Properties AG (VTX:VARN) Create Value For Shareholders?

By way of learning-by-doing, we'll look at ROE to gain a better understanding Varia US Properties AG (VTX:VARN). … That means that for every CHF1 worth of shareholders' equity, it generated CHF0.10 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

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Is Varia US Properties AG's (VTX:VARN) Balance Sheet A Threat To Its Future?

While small-cap stocks, such as Varia US Properties AG (VTX:VARN) with its market cap of US$334.84m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is. … Here are few basic financial health checks you should consider before taking the plunge.

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Company Info

Description

Varia US Properties AG, a real estate investment company, acquires, holds, and sells properties in the United States. It invests in low-moderate income and workforce multifamily housing properties. The company was founded in 2015 and is headquartered in Zug, Switzerland.

Details
Name: Varia US Properties AG
VARN
Exchange: SWX
Founded: 2015
CHF330,337,360
9,001,018
Website: http://variausproperties.com
Address: Varia US Properties AG
Gubelstrasse 19,
Zug,
Zug, 6300,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX VARN Ordinary Shares SIX Swiss Exchange CH CHF 07. Dec 2016
DB VAU Ordinary Shares Deutsche Boerse AG DE EUR 07. Dec 2016
LSE 0RKW Ordinary Shares London Stock Exchange GB CHF 07. Dec 2016
Number of employees
Current staff
Staff numbers
0
Varia US Properties employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 22:03
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/03/27
Last earnings filing: 2019/04/04
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.