VARG.F Stock Overview

Through its subsidiaries, engages in the research, development, production, and sale of micro and household batteries, large-format batteries, battery solutions, and energy storage systems in Europe, Asia, North America, and internationally. More details

VARG.F fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Rewards

Trading at 76.5% below our estimate of its fair value

Risk Analysis

Shares are highly illiquid

Shareholders have been diluted in the past year

Has a high level of debt

Community vs My Fair Value

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Varta AG Competitors

Plug Power

NasdaqCM:PLUG

US$832.9m

Preformed Line Products

NasdaqGS:PLPC

US$682.8m

Shoals Technologies Group

NasdaqGM:SHLS

US$811.6m

Array Technologies

NasdaqGM:ARRY

US$1.2b

Price History & Performance

Summary of share price highs, lows and changes for Varta
Historical stock prices
Current Share Price	€20.20
52 Week High	€20.20
52 Week Low	€20.20
Beta	1.47
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	-86.20%
5 Year Change	-34.20%
Change since IPO	-34.20%

Recent updates

Shareholder Returns

	VARG.F	US Electrical	US Market
7D	0%	8.0%	5.3%
1Y	n/a	17.2%	11.9%

Return vs Industry: Insufficient data to determine how VARG.F performed against the US Electrical industry.

Return vs Market: Insufficient data to determine how VARG.F performed against the US Market.

Price Volatility

Is VARG.F's price volatile compared to industry and market?
VARG.F volatility
VARG.F Average Weekly Movement	n/a
Electrical Industry Average Movement	11.4%
Market Average Movement	8.1%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	4.1%

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

Volatility Over Time: Insufficient data to determine VARG.F's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1887	4,049	Markus Hackstein	www.varta-ag.com

Varta AG, through its subsidiaries, engages in the research, development, production, and sale of micro and household batteries, large-format batteries, battery solutions, and energy storage systems in Europe, Asia, North America, and internationally. It operates in five segments: Micro Batteries, Lithium-Ion CoinPower, Consumer Batteries, Energy Storage Systems, and Other. The Micro Batteries segments offers zinc-air batteries under the power one and ecopack brand names for use in microbatteries and hearing aid devices.

Varta AG Fundamentals Summary

How do Varta's earnings and revenue compare to its market cap?
VARG.F fundamental statistics
Market cap	US$829.97m
Earnings (TTM)	-US$321.42m
Revenue (TTM)	US$900.97m

0.9x

P/S Ratio

-2.6x

P/E Ratio

Is VARG.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VARG.F income statement (TTM)
Revenue	€829.97m
Cost of Revenue	€450.05m
Gross Profit	€379.92m
Other Expenses	€676.01m
Earnings	-€296.09m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

Mar 28, 2024

Earnings per share (EPS)	-6.94
Gross Margin	45.78%
Net Profit Margin	-35.67%
Debt/Equity Ratio	82.0%

How did VARG.F perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/01/28 02:40
End of Day Share Price	2023/10/31 00:00
Earnings	2023/09/30
Annual Earnings	2022/12/31

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

Varta AG is covered by 10 analysts. 7 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
Gerhard Orgonas	Berenberg
Yasmin Steilen	Berenberg
Christopher Ferrara	BofA Global Research