Varia US Properties
Market Cap
CHF349.2m
Last Updated
2020/08/06 20:47 UTC
Data Sources
Company Financials
Executive Summary
Varia US Properties AG, a real estate investment company, acquires, holds, and sells properties in the United States.
Rewards
Risk Analysis
Snowflake Analysis
Second-rate dividend payer and slightly overvalued.
Share Price & News
How has Varia US Properties's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VARN has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0.3%
VARN
-0.3%
CH Real Estate
0.8%
CH Market
1 Year Return
5.7%
VARN
-5.8%
CH Real Estate
2.3%
CH Market
Return vs Industry: VARN exceeded the Swiss Real Estate industry which returned -5% over the past year.
Return vs Market: VARN matched the Swiss Market which returned 5% over the past year.
Shareholder returns
| VARN | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.3% | -0.3% | 0.8% |
| 30 Day | -1.8% | -3.2% | -0.8% |
| 90 Day | 4.9% | -6.2% | 3.6% |
| 1 Year | 9.7%5.7% | -2.7%-5.8% | 5.9%2.3% |
| 3 Year | 10.8%-7.6% | 16.7%4.4% | 20.5%8.0% |
| 5 Year | n/a | 40.4%16.6% | 26.5%6.6% |
Price Volatility Vs. Market
How volatile is Varia US Properties's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
What To Know Before Buying Varia US Properties AG (VTX:VARN) For Its Dividend3 weeks ago | Simply Wall St
Do Varia US Properties's (VTX:VARN) Earnings Warrant Your Attention?2 months ago | Simply Wall St
Should You Be Excited About Varia US Properties AG's (VTX:VARN) 13% Return On Equity?Valuation
Is Varia US Properties undervalued compared to its fair value and its price relative to the market?
8.97x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: VARN (CHF38.8) is trading above our estimate of fair value (CHF31.06)
Significantly Below Fair Value: VARN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: VARN is good value based on its PE Ratio (9x) compared to the CH Real Estate industry average (12.7x).
PE vs Market: VARN is good value based on its PE Ratio (9x) compared to the Swiss market (20.6x).
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 (1.1x) is in line with the CH Real Estate industry average.
Next Steps
Future Growth
How is Varia US Properties forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
-11.6%
Forecasted Real Estate industry annual growth in earnings
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 (-0.2%).
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: Insufficient data to determine if VARN's revenue is forecast to grow faster than the Swiss market.
High Growth Revenue: Insufficient data to determine if VARN's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if VARN's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Varia US Properties performed over the past 5 years?
71.6%
Last years earnings growth
Earnings and Revenue History
Quality Earnings: VARN has a large one-off gain of $40.7M impacting its December 31 2019 financial results.
Growing Profit Margin: VARN's current net profit margins (43.3%) are higher than last year (29.6%).
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if VARN's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Insufficient data to compare VARN's past year earnings growth to its 5-year average.
Earnings vs Industry: VARN earnings growth over the past year (71.6%) exceeded the Real Estate industry 45.8%.
Return on Equity
High ROE: VARN's Return on Equity (12.7%) is considered low.
Next Steps
Financial Health
How is Varia US Properties's financial position?
Financial Position Analysis
Short Term Liabilities: VARN's short term assets ($35.3M) exceed its short term liabilities ($30.5M).
Long Term Liabilities: VARN's short term assets ($35.3M) do not cover its long term liabilities ($595.3M).
Debt to Equity History and Analysis
Debt Level: VARN's debt to equity ratio (168.5%) is considered high.
Reducing Debt: Insufficient data to determine if VARN's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: VARN's debt is not well covered by operating cash flow (6.8%).
Interest Coverage: VARN's interest payments on its debt are not well covered by EBIT (1.7x coverage).
Balance Sheet
Next Steps
Dividend
What is Varia US Properties's current dividend yield, its reliability and sustainability?
4.80%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: VARN's dividend (4.8%) is higher than the bottom 25% of dividend payers in the Swiss market (1.84%).
High Dividend: VARN's dividend (4.8%) is in the top 25% of dividend payers in the Swiss market (3.88%)
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 3 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (43.5%), VARN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.6yrs
Average management tenure
CEO
Patrick Richard (49 yo)
no data
Tenure
US$68,750
Compensation
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 ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Founder of Stoneweg US LLC & Executive Director | no data | US$68.75k | 0.44% $ 1.6m | |
| Executive Vice Chairman | 5.58yrs | US$57.46k | 0.081% $ 281.3k | |
| Executive Director | 5.58yrs | US$73.69k | 0.37% $ 1.3m | |
| Executive VP & CFO of Stoneweg US LLC | 2.33yrs | no data | no data | |
| Executive VP & Chief Investment Officer of Stoneweg US LLC | 1.5yrs | no data | no data | |
| Investor Relations & Corporate Communications | no data | no data | no data | |
| Executive VP & Chief Legal Officer | 1.58yrs | no data | no data |
1.6yrs
Average Tenure
47.5yo
Average Age
Experienced Management: VARN's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Founder of Stoneweg US LLC & Executive Director | no data | US$68.75k | 0.44% $ 1.6m | |
| Executive Vice Chairman | 5.58yrs | US$57.46k | 0.081% $ 281.3k | |
| Executive Director | 5.58yrs | US$73.69k | 0.37% $ 1.3m | |
| Independent Non Executive Director | 4.58yrs | US$81.04k | 0.034% $ 119.0k | |
| Independent Non-Executive Chairman | 4.58yrs | US$94.64k | 0.028% $ 97.0k | |
| Independent Non Executive Director | 3.25yrs | US$78.54k | 0.026% $ 89.7k | |
| Non Executive Director | 5.58yrs | US$57.46k | 0.36% $ 1.2m | |
| Director | 0.17yr | no data | no data |
4.6yrs
Average Tenure
49yo
Average Age
Experienced Board: VARN's board of directors are considered experienced (4.6 years average tenure).
Ownership
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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Varia US Properties AG's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Varia US Properties AG
- Ticker: VARN
- Exchange: SWX
- Founded: 2015
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: CHF349.239m
- Shares outstanding: 9.00m
- Website: https://variausproperties.com
Location
- Varia US Properties AG
- Gubelstrasse 19
- Zug
- Zug
- 6300
- Switzerland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| VARN | SWX (SIX Swiss Exchange) | Yes | Ordinary Shares | CH | CHF | Dec 2016 |
| VAU | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Dec 2016 |
| 0RKW | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | CHF | Dec 2016 |
Biography
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 com ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/06 20:47 |
| End of Day Share Price | 2020/08/06 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.