VARN Stock Overview
Varia US Properties AG, a real estate investment company, acquires, holds, and sells properties in the United States.
Varia US Properties Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CHF50.80|
|52 Week High||CHF58.00|
|52 Week Low||CHF37.50|
|1 Month Change||-5.93%|
|3 Month Change||0.79%|
|1 Year Change||34.39%|
|3 Year Change||36.93%|
|5 Year Change||21.39%|
|Change since IPO||45.14%|
Recent News & Updates
|VARN||CH Real Estate||CH Market|
Return vs Industry: VARN exceeded the Swiss Real Estate industry which returned 2.7% over the past year.
Return vs Market: VARN exceeded the Swiss Market which returned -2.4% over the past year.
|VARN Average Weekly Movement||3.7%|
|Real Estate Industry Average Movement||2.9%|
|Market Average Movement||4.9%|
|10% most volatile stocks in CH Market||8.9%|
|10% least volatile stocks in CH Market||2.5%|
Stable Share Price: VARN is less volatile than 75% of Swiss stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: VARN's weekly volatility (4%) has been stable over the past year.
About the Company
Varia US Properties AG, a real estate investment company, acquires, holds, and sells properties in the United States. The company invests in low-moderate income and workforce multifamily housing properties. Varia US Properties AG was founded in 2015 and is based in Zug, Switzerland.
Varia US Properties Fundamentals Summary
|VARN fundamental statistics|
Is VARN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|VARN income statement (TTM)|
|Cost of Revenue||US$56.48m|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
Aug 29, 2022
|Earnings per share (EPS)||15.41|
|Net Profit Margin||128.95%|
How did VARN perform over the long term?See historical performance and comparison
4.8%Current Dividend Yield
Is Varia US Properties undervalued compared to its fair value and its price relative to the market?
Valuation Score 4/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VARN (CHF50.8) is trading below our estimate of fair value (CHF116.82)
Significantly Below Fair Value: VARN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: VARN is good value based on its PE Ratio (3.4x) compared to the Swiss Real Estate industry average (12.6x).
PE vs Market: VARN is good value based on its PE Ratio (3.4x) compared to the Swiss market (17.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate VARN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: VARN's PB Ratio (1x) is in line with the CH Real Estate industry average.
How is Varia US Properties forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if VARN's forecast earnings growth is above the savings rate (-0.3%).
Earnings vs Market: Insufficient data to determine if VARN's earnings are forecast to grow faster than the Swiss market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: VARN's revenue (12% per year) is forecast to grow faster than the Swiss market (4.3% per year).
High Growth Revenue: VARN's revenue (12% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VARN's Return on Equity is forecast to be low in 3 years time (11.1%).
How has Varia US Properties performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VARN has a large one-off gain of $196.2M impacting its December 31 2021 financial results.
Growing Profit Margin: VARN's current net profit margins are higher than last year (32.4%).
Past Earnings Growth Analysis
Earnings Trend: VARN's earnings have grown significantly by 41.4% per year over the past 5 years.
Accelerating Growth: VARN's earnings growth over the past year (339.3%) exceeds its 5-year average (41.4% per year).
Earnings vs Industry: VARN earnings growth over the past year (339.3%) exceeded the Real Estate industry 61.3%.
Return on Equity
High ROE: Whilst VARN's Return on Equity (30.33%) is high, this metric is skewed due to their high level of debt.
How is Varia US Properties's financial position?
Financial Health Score1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: VARN's short term assets ($86.3M) exceed its short term liabilities ($41.9M).
Long Term Liabilities: VARN's short term assets ($86.3M) do not cover its long term liabilities ($949.1M).
Debt to Equity History and Analysis
Debt Level: VARN's net debt to equity ratio (154.4%) is considered high.
Reducing Debt: VARN's debt to equity ratio has increased from 90.4% to 170% over the past 5 years.
Debt Coverage: VARN's debt is not well covered by operating cash flow (5%).
Interest Coverage: VARN's interest payments on its debt are not well covered by EBIT (1.7x coverage).
What is Varia US Properties's current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: VARN's dividend (4.78%) is higher than the bottom 25% of dividend payers in the Swiss market (1.87%).
High Dividend: VARN's dividend (4.78%) is in the top 25% of dividend payers in the Swiss market (3.91%)
Stability and Growth of Payments
Stable Dividend: VARN has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: VARN's dividend payments have increased, but the company has only paid a dividend for 5 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (17.8%), VARN's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (57.2%), VARN's dividend payments are covered by cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Patrick Richard (50 yo)
Mr. Patrick Richard Founded Stoneweg US LLC, an asset manager of Varia US Properties AG and serves as its member of the Board of Directors since 2016 and also serves as its Chief Executive Officer since 20...
Experienced Management: VARN's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.
Experienced Board: VARN's board of directors are considered experienced (6.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Varia US Properties AG's employee growth, exchange listings and data sources
- Name: Varia US Properties AG
- Ticker: VARN
- Exchange: SWX
- Founded: 2015
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Implied Market Cap: CHF514.402m
- Shares outstanding: 10.13m
- Website: https://variausproperties.com
- Varia US Properties AG
- Gubelstrasse 19
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/22 00:00|
|End of Day Share Price||2022/05/20 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.