Market Cap
€3.5b
Last Updated
2019/10/21 20:56 UTC
Data Sources
Company Financials +
Executive Summary
Varta AG, through its subsidiaries, researches, develops, produces, and sells microbatteries and energy storage solutions worldwide.
Snowflake
Fundamentals
Flawless balance sheet with high growth potential.
Similar Companies
Share Price & News
How has Varta's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
1.4%
VAR1
3.4%
DE Electrical
2.4%
DE Market
1 Year Return
209.4%
VAR1
37.3%
DE Electrical
4.9%
DE Market
Return vs Industry: VAR1 exceeded the German Electrical industry which returned 37.3% over the past year.
Return vs Market: VAR1 exceeded the German Market which returned 4.9% over the past year.
Shareholder returns
| VAR1 | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.4% | 3.4% | 2.4% |
| 30 Day | -1.2% | 2.1% | 2.3% |
| 90 Day | 35.7% | 11.8% | 2.7% |
| 1 Year | 209.4%209.4% | 39.3%37.3% | 8.2%4.9% |
| 3 Year | n/a | -24.5%-28.2% | 18.3%8.0% |
| 5 Year | n/a | 24.7%15.0% | 44.2%24.6% |
Price Volatility Vs. Market
How volatile is Varta's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Varta undervalued compared to its fair value and its price relative to the market?
104.05x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: VAR1 (€85.9) is trading above our estimate of fair value (€5.48)
Significantly Below Fair Value: VAR1 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: VAR1 is poor value based on its PE Ratio (104x) compared to the Electrical industry average (63.9x).
PE vs Market: VAR1 is poor value based on its PE Ratio (104x) compared to the German market (19.2x).
Price to Earnings Growth Ratio
PEG Ratio: VAR1 is poor value based on its PEG Ratio (2.7x)
Price to Book Ratio
PB vs Industry: VAR1 is overvalued based on its PB Ratio (9.1x) compared to the DE Electrical industry average (2x).
Next Steps
Future Growth
How is Varta forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
39.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VAR1's forecast earnings growth (39.2% per year) is above the savings rate (0.2%).
Earnings vs Market: VAR1's earnings (39.2% per year) are forecast to grow faster than the German market (12.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: VAR1's revenue (26.4% per year) is forecast to grow faster than the German market (5% per year).
High Growth Revenue: VAR1's revenue (26.4% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VAR1's Return on Equity is forecast to be low in 3 years time (15.7%).
Next Steps
Past Performance
How has Varta performed over the past 5 years?
112.8%
Last years earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if VAR1's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Insufficient data to compare VAR1's past year earnings growth to its 5-year average.
Earnings vs Industry: VAR1 earnings growth over the past year (112.8%) exceeded the Electrical industry -10.5%.
Return on Equity
High ROE: VAR1's Return on Equity (8.4%) is considered low.
Return on Assets
ROA vs Industry: VAR1 has a higher Return on Assets than the Electrical industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate VAR1's Return on Capital Employed to determine if it has improved over the past 3 years.
Next Steps
Financial Health
How is Varta's financial position?
Financial Position Analysis
Short Term Liabilities: VAR1's short term assets (€361.6M) exceeds its short term liabilities (€121.8M)
Long Term Liabilities: VAR1's short term assets (361.6M) exceeds its long term liabilities (72.4M)
Debt to Equity History and Analysis
Debt Level: VAR1 is debt free.
Reducing Debt: VAR1 had no debt 5 years ago.
Debt Coverage: VAR1 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: VAR1 has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: VAR1 has a high level of physical assets or inventory.
Debt Coverage by Assets: VAR1's debt is not covered by short term assets (assets are -1.0176840372964E+17x debt).
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Dividend
What is Varta's current dividend yield, its reliability and sustainability?
0.52%
Forecast Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate VAR1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate VAR1's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stable Dividend: Insufficient data to determine if VAR1's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if VAR1's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: VAR1 is not paying a notable dividend for the German market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of VAR1's dividend in 3 years as they are not forecast to pay a notable one for the German market.
Next Steps
Management
What is the CEO of Varta's salary, the management and board of directors tenure and is there insider trading?
3.2yrs
Average board tenure
CEO
Herbert Schein (54yo)
3.1yrs
Tenure
Mr. Herbert Schein has been the Chairman of the Management Board and Chief Executive Officer at Varta Microbattery GmbH since November 2008 and serves as a Member of Executive Board. Mr. Schein has been Ch ...
Board Age and Tenure
3.2yrs
Average Tenure
61yo
Average Age
Experienced Board: VAR1's board of directors are considered experienced (3.2 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Bernhard Wolf
Head of Investor Relations
- Tenure: 0yrs
Herbert Schein (54yo)
CEO & Chairman of Management Board
- Tenure: 3.1yrs
Steffen Munz
CFO, Director of Investor Relations and M&A and Member of Management Board
- Tenure: 1.7yrs
Board Members
Michael Tojner (53yo)
Chairman of Supervisory Board
- Tenure: 3.1yrs
- Compensation: €50.00k
Sven Quandt (63yo)
Member of Supervisory Board
- Tenure: 3.3yrs
Frank Maier (81yo)
Member of Supervisory Board
- Tenure: 3.3yrs
- Compensation: €30.00k
Georg Blumauer
Member of Supervisory Board
- Tenure: 3.1yrs
- Compensation: €33.00k
Michael Pistauer (59yo)
Supervisory Board Member
- Tenure: 0.4yrs
Harald Sommerer
Deputy Chairman of the Supervisory Board
- Tenure: 3.3yrs
- Compensation: €50.00k
Company Information
Varta AG's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Varta AG
- Ticker: VAR1
- Exchange: XTRA
- Founded: 1887
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: €3.472b
- Shares outstanding: 40.42m
- Website: https://www.varta-ag.com
Number of Employees
Location
- Varta AG
- Daimlerstrasse 1
- Ellwangen
- Baden-Württemberg
- 73479
- Germany
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| VAR1 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| VAR1 | XTRA (XETRA Trading Platform) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| 0GYQ | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jan 1992 |
| VAR1 | SWX (SIX Swiss Exchange) | Yes | Ordinary Shares | CH | CHF | Jan 1992 |
| VAR1D | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jan 1992 |
| VAR1 | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Jan 1992 |
| VARG.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
Biography
Varta AG, through its subsidiaries, researches, develops, produces, and sells microbatteries and energy storage solutions worldwide. It operates through two segments, Microbatteries and Power & Energy. The ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/21 20:56 |
| End of Day Share Price | 2019/10/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.