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Varangis Avepe

ATSE:VARG
Snowflake Description

Weak fundamentals or lack of information.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VARG
ATSE
€227K
Market Cap
  1. Home
  2. GR
  3. Consumer Durables
Company description

Varangis Avepe S.A. designs, manufactures, and sells furniture and home interior products in Greece. The last earnings update was 233 days ago. More info.


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VARG Share Price and Events
7 Day Returns
0%
ATSE:VARG
-0%
Europe Consumer Durables
-0%
GR Market
1 Year Returns
39.1%
ATSE:VARG
-11.4%
Europe Consumer Durables
-9.8%
GR Market
VARG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Varangis Avepe (VARG) 0% 0% 0% 39.1% -80.8% -93.8%
Europe Consumer Durables -0% -4.8% 0.3% -11.4% 5.4% 54.8%
GR Market -0% -6.1% 6.8% -9.8% 0.7% -61.8%
1 Year Return vs Industry and Market
  • VARG outperformed the Consumer Durables industry which returned -11.4% over the past year.
  • VARG outperformed the Market in Greece which returned -9.8% over the past year.
Price Volatility
VARG
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Varangis Avepe's competitors could be found in our database.

VARG Value

 Is Varangis Avepe undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

In this section, we usually try to help investors determine whether Varangis Avepe is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Varangis Avepe has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Varangis Avepe. This is due to cash flow or dividend data being unavailable. The share price is €0.048.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Varangis Avepe's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Varangis Avepe's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ATSE:VARG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in EUR €-0.67
ATSE:VARG Share Price ** ATSE (2019-05-22) in EUR €0.05
Europe Consumer Durables Industry PE Ratio Median Figure of 86 Publicly-Listed Consumer Durables Companies 11.25x
Greece Market PE Ratio Median Figure of 97 Publicly-Listed Companies 15.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Varangis Avepe.

ATSE:VARG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ATSE:VARG Share Price ÷ EPS (both in EUR)

= 0.05 ÷ -0.67

-0.07x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Varangis Avepe is loss making, we can't compare its value to the Europe Consumer Durables industry average.
  • Varangis Avepe is loss making, we can't compare the value of its earnings to the Greece market.
Price based on expected Growth
Does Varangis Avepe's expected growth come at a high price?
Raw Data
ATSE:VARG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Consumer Durables Industry PEG Ratio Median Figure of 57 Publicly-Listed Consumer Durables Companies 1.13x
Greece Market PEG Ratio Median Figure of 19 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Varangis Avepe, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Varangis Avepe's assets?
Raw Data
ATSE:VARG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in EUR €-1.01
ATSE:VARG Share Price * ATSE (2019-05-22) in EUR €0.05
Europe Consumer Durables Industry PB Ratio Median Figure of 110 Publicly-Listed Consumer Durables Companies 1.36x
Greece Market PB Ratio Median Figure of 138 Publicly-Listed Companies 0.83x
ATSE:VARG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ATSE:VARG Share Price ÷ Book Value per Share (both in EUR)

= 0.05 ÷ -1.01

-0.05x

* Primary Listing of Varangis Avepe.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Varangis Avepe has negative assets, we can't compare the value of its assets to the Europe Consumer Durables industry average.

Next steps:

  1. When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Varangis Avepe's regulatory filings and announcements.
  2. Show me more potentially undervalued companies in the Consumer Durables industry
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Varangis Avepe's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check)
  5. Varangis Avepe has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

VARG Future Performance

 How is Varangis Avepe expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Varangis Avepe has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.1%
Expected Consumer Durables industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Varangis Avepe expected to grow at an attractive rate?
  • Unable to compare Varangis Avepe's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Varangis Avepe's earnings growth to the Greece market average as no estimate data is available.
  • Unable to compare Varangis Avepe's revenue growth to the Greece market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ATSE:VARG Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 8.1%
Europe Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 3%
Greece Market Earnings Growth Rate Market Cap Weighted Average 16.8%
Greece Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ATSE:VARG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ATSE:VARG Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-06-30 5 -1 -3
2018-03-31 5 -1 -2
2017-12-31 4 -1 -2
2017-09-30 4 -1 -2
2017-06-30 4 -1 -1
2017-03-31 4 -1 -1
2016-12-31 4 -1 -1
2016-09-30 3 0 -1
2016-06-30 3 0 -1
2016-03-31 3 0 -1
2015-12-31 3 0 -2
2015-09-30 3 0 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Varangis Avepe is high growth as no earnings estimate data is available.
  • Unable to determine if Varangis Avepe is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ATSE:VARG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Varangis Avepe Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ATSE:VARG Past Financials Data
Date (Data in EUR Millions) EPS *
2018-06-30 -0.67
2018-03-31 -0.51
2017-12-31 -0.35
2017-09-30 -0.33
2017-06-30 -0.31
2017-03-31 -0.30
2016-12-31 -0.29
2016-09-30 -0.23
2016-06-30 -0.21
2016-03-31 -0.30
2015-12-31 -0.41
2015-09-30 -0.71

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Varangis Avepe will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Varangis Avepe's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Durables companies here
  2. Varangis Avepe's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Varangis Avepe's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Varangis Avepe has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

VARG Past Performance

  How has Varangis Avepe performed over the past 5 years?

  • Varangis Avepe's last earnings update was 233 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Varangis Avepe's growth in the last year to its industry (Consumer Durables).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Varangis Avepe does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Varangis Avepe's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Varangis Avepe's 1-year growth to the Europe Consumer Durables industry average as it is not currently profitable.
Earnings and Revenue History
Varangis Avepe's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Varangis Avepe Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ATSE:VARG Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 4.90 -3.19 1.15
2018-03-31 4.51 -2.42 1.19
2017-12-31 4.12 -1.66 1.22
2017-09-30 3.81 -1.56 1.39
2017-06-30 3.51 -1.45 1.56
2017-03-31 3.54 -1.42 1.53
2016-12-31 3.56 -1.39 1.50
2016-09-30 3.11 -1.07 1.31
2016-06-30 2.94 -1.01 1.14
2016-03-31 3.15 -1.43 1.26
2015-12-31 3.05 -1.81 1.37
2015-09-30 2.95 -2.90 2.03
2015-06-30 2.64 -2.90 2.20
2015-03-31 1.75 -3.00 2.35
2014-12-31 1.06 -3.08 2.46
2014-09-30 1.68 -2.85 2.08
2014-06-30 1.91 -2.91 2.18
2014-03-31 2.34 -3.44 2.14
2013-12-31 2.96 -3.51 2.10
2013-09-30 3.65 -3.12 2.22
2013-06-30 5.46 -2.56 2.26
2013-03-31 5.47 -1.98 2.35
2012-12-31 5.20 -1.95 2.35
2012-09-30 5.05 -2.00 2.37
2012-06-30 4.49 -3.21 2.33

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Varangis Avepe has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Varangis Avepe has efficiently used its assets last year compared to the Europe Consumer Durables industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Varangis Avepe improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Varangis Avepe's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Varangis Avepe has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

VARG Health

 How is Varangis Avepe's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Varangis Avepe's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Varangis Avepe's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Varangis Avepe's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Varangis Avepe's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Varangis Avepe has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Varangis Avepe Company Filings, last reported 10 months ago.

ATSE:VARG Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 -4.86 12.18 0.08
2018-03-31 -4.86 12.18 0.08
2017-12-31 -2.96 11.79 0.06
2017-09-30 -2.96 11.79 0.06
2017-06-30 -1.67 10.62 0.18
2017-03-31 -1.67 10.62 0.18
2016-12-31 -1.16 9.95 0.26
2016-09-30 -1.16 9.95 0.26
2016-06-30 -7.55 13.07 0.13
2016-03-31 -7.55 13.07 0.13
2015-12-31 -7.20 12.73 0.08
2015-09-30 -7.02 12.60 0.12
2015-06-30 -6.54 12.92 0.15
2015-03-31 -5.94 12.24 0.09
2014-12-31 -5.47 11.89 0.08
2014-09-30 -4.24 10.93 0.08
2014-06-30 -3.78 11.10 0.10
2014-03-31 -3.09 11.09 0.16
2013-12-31 -2.45 10.92 0.20
2013-09-30 -1.55 11.13 0.23
2013-06-30 -1.04 11.44 0.10
2013-03-31 0.18 10.64 0.27
2012-12-31 1.06 10.68 0.35
2012-09-30 0.00 12.83 0.71
2012-06-30 -0.14 12.82 0.13
  • Varangis Avepe has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Varangis Avepe's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Varangis Avepe has less than a year of cash runway based on current free cash flow.
  • Varangis Avepe has less than a year of cash runway if free cash flow continues to grow at historical rates of 56.2% each year.
X
Financial health checks
We assess Varangis Avepe's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Varangis Avepe has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

VARG Dividends

 What is Varangis Avepe's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Varangis Avepe dividends.
If you bought €2,000 of Varangis Avepe shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Varangis Avepe's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Varangis Avepe's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ATSE:VARG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 5.2%
Greece Market Average Dividend Yield Market Cap Weighted Average of 50 Stocks 4.4%
Greece Minimum Threshold Dividend Yield 10th Percentile 1.4%
Greece Bottom 25% Dividend Yield 25th Percentile 2.1%
Greece Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Varangis Avepe has not reported any payouts.
  • Unable to verify if Varangis Avepe's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Varangis Avepe's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Varangis Avepe has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Varangis Avepe's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Varangis Avepe afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Varangis Avepe has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

VARG Management

 What is the CEO of Varangis Avepe's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dimitrios Varangis
CEO Bio

Mr. Dimitrios Varagkis serves as the Chief Executive Officer and Chairman of Varangis Avepe S.A.

CEO Compensation
  • Insufficient data for Dimitrios to compare compensation growth.
  • Insufficient data for Dimitrios to establish whether their remuneration is reasonable compared to companies of similar size in Greece.
Management Team

Dimitrios Varangis

TITLE
Chairman and Chief Executive Officer

Petros Tsivioglou

TITLE
Head of Accounting

Anastasia Asvestopoulou

TITLE
Secretary
Board of Directors

Dimitrios Varangis

TITLE
Chairman and Chief Executive Officer

Georgios Pouplis

TITLE
Vice-President of the Board of Directors & Independent

Fotis Psintridis

TITLE
Independent & Non-Executive Director

Ioannis Psintridis

TITLE
Independent & Non-Executive Director
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Varangis Avepe's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Varangis Avepe has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

VARG News

Simply Wall St News

Should You Sell Varangis Avepe SA. (ATH:VARG) For This Reason?

Today I’ve examined Varangis Avepe’s financial data from its most recent earnings update, to roughly assess when the company may need to raise new capital. … The measure of how fast Varangis Avepe goes through its cash reserves over time is called the cash burn rate. … However, even with declining costs, the current level of cash is not enough to sustain Varangis Avepe’s operations and the company may need to come to market to raise more capital within the year.

Simply Wall St -

Want To Invest In Varangis Avepe SA. (ATH:VARG)? Here's How It Performed Lately

See our latest analysis for Varangis Avepe Was VARG's recent earnings decline indicative of a tough track record? … I use data from the most recent 12 months, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … For Varangis Avepe, its latest earnings (trailing twelve month) is -€1.45M, which, in comparison to the previous year's level, has become more negative.

Simply Wall St -

VARG Company Info

Description

Varangis Avepe S.A. designs, manufactures, and sells furniture and home interior products in Greece. The company provides home furniture products, including seating products, beds, tables, case furniture, occasional tables, upholstered pieces, and accessories, as well as textiles comprising duvets, pillowcases, sheets, bedspreads, blankets, throws, terry towels, bathrobes, pajamas, table linens, kitchen towels, aprons, details, and various accessories under the Lexington brand. It also offers office furniture products comprising acoustic paneling system, meeting, storage system, demountable partition system, group seating, workstation, task chair, and executive and lounge seating furniture, as well as reception and conference/theater/lecture hall furniture products. In addition, the company is involved in the development and implementation of custom designs, including work environments, as well as professional space solutions in partnership with various firms, architectural materials, and historic building restoration and turnkey interior architecture projects in the European Union, the Balkans, and the Persian Gulf. It serves customers in the turnkey projects consisting of professional spaces, banking institutions, retail networks, conference facilities, landmark buildings, hotels, and luxurious mega-yacht interiors. The company was founded in 1900 and is headquartered in Marousi, Greece.

Details
Name: Varangis Avepe S.A.
VARG
Exchange: ATSE
Founded: 1900
€227,400
4,737,503
Website: http://www.varangis.com.gr
Address: Varangis Avepe S.A.
38 Kifisias Avenue,
Marousi,
151 25,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ATSE VARG Ordinary Shares The Athens Stock Exchange GR EUR 31. Jul 1998
LSE 0QC6 Ordinary Shares London Stock Exchange GB EUR 31. Jul 1998
Number of employees
Current staff
Staff numbers
0
Varangis Avepe employees.
Industry
Home Furnishings
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 21:10
End of day share price update: 2019/05/22 00:00
Last earnings filing: 2018/10/01
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.