How does VARNZ's PS Ratio compare to its peers?

VARNZ is good value based on its Price-To-Sales Ratio (2.5x) compared to the peer average (6x).

How does VARNZ's PS Ratio compare vs other companies in the GB Real Estate Industry?

VARNZ is good value based on its Price-To-Sales Ratio (2.5x) compared to the UK Real Estate industry average (4.1x).

What is VARNZ's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VARNZ is good value based on its Price-To-Sales Ratio (2.5x) compared to the estimated Fair Price-To-Sales Ratio (4.3x).

What is the Fair Price of VARNZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

VARNZ (CHF29.4) is trading below our estimate of [[fair value]] (CHF40.14)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

Varia US Properties (BATS-CHIXE:VARNZ) - Stock Price, News & Analysis

VARNZ Stock Overview

A real estate investment company, acquires, holds, and sells properties in the United States. More details

VARNZ fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	2/6
Past Performance	0/6
Financial Health	1/6
Dividends	3/6

Rewards

Trading at 26.8% below our estimate of its fair value

Revenue is forecast to grow 29.28% per year

Trading at good value compared to peers and industry

Risk Analysis

Interest payments are not well covered by earnings

Earnings have declined by 31.6% per year over past 5 years

Dividend of 6.76% is not well covered by earnings

My Notes

Capture your thoughts, links and company narrative

Varia US Properties AG Competitors

Property Franchise Group

AIM:TPFG

UK£264.0m

abrdn European Logistics Income

LSE:ASLI

UK£247.3m

Phoenix Spree Deutschland

LSE:PSDL

UK£151.1m

Panther Securities

AIM:PNS

UK£54.7m

Price History & Performance

Summary of share price highs, lows and changes for Varia US Properties
Historical stock prices
Current Share Price	CHF 29.40
52 Week High	CHF 37.40
52 Week Low	CHF 26.50
Beta	0.31
1 Month Change	-0.68%
3 Month Change	-1.34%
1 Year Change	-20.54%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-18.33%

Recent updates

Shareholder Returns

	VARNZ	GB Real Estate	GB Market
7D	-2.2%	3.5%	2.2%
1Y	-20.5%	1.1%	13.7%

Return vs Industry: VARNZ underperformed the UK Real Estate industry which returned 1.1% over the past year.

Return vs Market: VARNZ underperformed the UK Market which returned 13.7% over the past year.

Price Volatility

Is VARNZ's price volatile compared to industry and market?
VARNZ volatility
VARNZ Average Weekly Movement	5.6%
Real Estate Industry Average Movement	4.1%
Market Average Movement	4.8%
10% most volatile stocks in GB Market	10.3%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: VARNZ has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: VARNZ's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2015	n/a	Patrick Richard	www.variausproperties.com/

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

Varia US Properties AG Fundamentals Summary

How do Varia US Properties's earnings and revenue compare to its market cap?
VARNZ fundamental statistics
Market cap	CHF 297.70m
Earnings (TTM)	-CHF 54.39m
Revenue (TTM)	CHF 116.81m

2.5x

P/S Ratio

-5.5x

P/E Ratio

Is VARNZ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VARNZ income statement (TTM)
Revenue	US$127.94m
Cost of Revenue	US$60.84m
Gross Profit	US$67.11m
Other Expenses	US$126.67m
Earnings	-US$59.57m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Mar 31, 2025

Earnings per share (EPS)	-5.88
Gross Margin	52.45%
Net Profit Margin	-46.56%
Debt/Equity Ratio	218.7%

How did VARNZ perform over the long term?

See historical performance and comparison

Dividends

6.8%

Current Dividend Yield

-40%

Payout Ratio

Does VARNZ pay a reliable dividends?

See VARNZ dividend history and benchmarks

When do you need to buy VARNZ by to receive an upcoming dividend?
Varia US Properties dividend dates
Ex Dividend Date	May 05 2025
Dividend Pay Date	May 07 2025
Days until Ex dividend	81 days
Days until Dividend pay date	83 days

Does VARNZ pay a reliable dividends?

See VARNZ dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/12 22:08
End of Day Share Price	2025/02/12 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Varia US Properties AG is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Markus Kramer	Research Partners AG