ATSE:VARG

Stock Analysis Report

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Executive Summary

Varangis Avepe S.A. designs, manufactures, and sells furniture and home interior products in Greece.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has Varangis Avepe's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VARG has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

VARG

0%

GR Consumer Durables

0%

GR Market


1 Year Return

166.7%

VARG

0%

GR Consumer Durables

0%

GR Market

Return vs Industry: VARG exceeded the Greek Consumer Durables industry which returned -11% over the past year.

Return vs Market: VARG exceeded the Greek Market which returned -17.7% over the past year.


Shareholder returns

VARGIndustryMarket
7 Day0%0%0%
30 Day0%0%0%
90 Day0%0%0%
1 Year166.7%166.7%0%0%0%0%
3 Year-41.8%-41.8%0%0%0%0%
5 Year-57.3%-57.3%0%0%0%0%

Price Volatility Vs. Market

How volatile is Varangis Avepe's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Varangis Avepe undervalued compared to its fair value and its price relative to the market?


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.


Next Steps

  • Take a look at our analysis of VARG’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • 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 regulatory filings.
  • Explore potentially undervalued companies in the Consumer Durables industry.

Future Growth

How is Varangis Avepe forecast 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Varangis Avepe performed over the past 5 years?

-34.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VARG is currently unprofitable.

Growing Profit Margin: VARG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: VARG is unprofitable, and losses have increased over the past 5 years at a rate of -34.4% per year.

Accelerating Growth: Unable to compare VARG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: VARG is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (-4.2%).


Return on Equity

High ROE: VARG's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Varangis Avepe's financial position?


Financial Position Analysis

Short Term Liabilities: VARG has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: VARG has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: VARG has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: VARG's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


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.

Stable Cash Runway: Insufficient data to determine if VARG has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if VARG has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate VARG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate VARG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if VARG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if VARG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of VARG's dividend in 3 years as they are not forecast to pay a notable one for the Greek market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Dimitrios Varangis

no data

Tenure

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


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

Varangis Avepe S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Varangis Avepe S.A.
  • Ticker: VARG
  • Exchange: ATSE
  • Founded: 1900
  • Industry: Home Furnishings
  • Sector: Consumer Durables
  • Market Cap: €606.400k
  • Shares outstanding: 4.74m
  • Website: https://www.varangis.com.gr

Location

  • Varangis Avepe S.A.
  • 38 Kifisias Avenue
  • Marousi
  • 151 25
  • Greece

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VARGATSE (The Athens Stock Exchange)YesOrdinary SharesGREURJul 1998
0QC6LSE (London Stock Exchange)YesOrdinary SharesGBEURJul 1998

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/01 08:14
End of Day Share Price2020/05/29 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.