Vår Energi Past Earnings Performance
Past criteria checks 3/6
Vår Energi has been growing earnings at an average annual rate of 41.1%, while the Oil and Gas industry saw earnings growing at 25% annually. Revenues have been declining at an average rate of 28.9% per year. Vår Energi's return on equity is 35%, and it has net margins of 7.5%.
Key information
41.1%
Earnings growth rate
41.2%
EPS growth rate
| Oil and Gas Industry Growth | 21.8% |
| Revenue growth rate | -28.9% |
| Return on equity | 35.0% |
| Net Margin | 7.5% |
| Next Earnings Update | 23 Jul 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Vår Energi makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 6,675 | 499 | 97 | 0 |
| 31 Dec 23 | 6,816 | 602 | 86 | 0 |
| 30 Sep 23 | 7,491 | 970 | 55 | 0 |
| 30 Jun 23 | 8,396 | 731 | 48 | 0 |
| 31 Mar 23 | 9,387 | 701 | 70 | 0 |
| 31 Dec 22 | 9,781 | 936 | 72 | 0 |
| 30 Sep 22 | 9,708 | 671 | 39 | 0 |
| 30 Jun 22 | 8,803 | 877 | 44 | 0 |
| 31 Mar 22 | 7,487 | 918 | 51 | 0 |
| 31 Dec 21 | 6,043 | 654 | 51 | 0 |
| 30 Sep 21 | 4,552 | -146 | 33 | 0 |
| 31 Dec 20 | 2,869 | -1,627 | 37 | 0 |
| 31 Dec 19 | 2,836 | 286 | 249 | 0 |
| 31 Dec 18 | 2,557 | 275 | 156 | 0 |
| 31 Dec 17 | 1,923 | 163 | 263 | 0 |
Quality Earnings: VARO has high quality earnings.
Growing Profit Margin: VARO's current net profit margins (7.5%) are higher than last year (7.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: VARO's earnings have grown significantly by 41.1% per year over the past 5 years.
Accelerating Growth: VARO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: VARO had negative earnings growth (-28.8%) over the past year, making it difficult to compare to the Oil and Gas industry average (-63.9%).
Return on Equity
High ROE: Whilst VARO's Return on Equity (34.98%) is high, this metric is skewed due to their high level of debt.