Various Eateries PLC
Various Eateries PLC, together with its subsidiaries, owns, develops, and operates restaurant and hotel sites in the United Kingdom. The company operates through Restaurant and Hotel segments. It also operates brands across various locations comprising of Coppa Club, a multi-use, all-day concept that combines restaurant, terrace, café, lounge, bar, and workspaces; and Tavolino, a restaurant for I… Read more
Various Eateries PLC (VARE) - Net Assets
Latest net assets as of March 2025: GBX27.62 Million GBX
Based on the latest financial reports, Various Eateries PLC (VARE) has net assets worth GBX27.62 Million GBX as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX70.33 Million) and total liabilities (GBX42.72 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX27.62 Million |
| % of Total Assets | 39.27% |
| Annual Growth Rate | N/A |
| 5-Year Change | 8.3% |
| 10-Year Change | N/A |
| Growth Volatility | 80.48 |
Various Eateries PLC - Net Assets Trend (2017–2024)
This chart illustrates how Various Eateries PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Various Eateries PLC (2017–2024)
The table below shows the annual net assets of Various Eateries PLC from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | GBX29.49 Million | +160.05% |
| 2023-09-30 | GBX11.34 Million | -36.82% |
| 2022-09-30 | GBX17.95 Million | -26.24% |
| 2021-09-30 | GBX24.33 Million | -10.64% |
| 2020-09-30 | GBX27.23 Million | +526.79% |
| 2019-09-30 | GBX-6.38 Million | +89.22% |
| 2018-09-30 | GBX-59.17 Million | -39.08% |
| 2017-09-30 | GBX-42.55 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Various Eateries PLC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 6189800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX1.75 Million | 5.93% |
| Other Comprehensive Income | GBX59.72 Million | 202.52% |
| Other Components | GBX72.54 Million | 245.98% |
| Total Equity | GBX29.49 Million | 100.00% |
Various Eateries PLC Competitors by Market Cap
The table below lists competitors of Various Eateries PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Automobile & PCB Inc.
KQ:015260
|
$2.78K |
|
Supernet Ltd.
KAR:GEMSPNL
|
$2.78K |
|
IMG
WAR:IMG
|
$2.78K |
|
International Knitwear Ltd
KAR:INKL
|
$2.78K |
|
John Keells PLC
CM:JKLN0000
|
$2.77K |
|
I.B.I Mutual Funds Management (1978) Ltd. - I.B.I. (5D) Tech Fund-High Tech
TA:IBITEC-F
|
$2.76K |
|
China Carbon Graphit
PINK:CHGI
|
$2.76K |
|
Cabasse S.A.
PA:ALCAB
|
$2.76K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Various Eateries PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,340,000 to 29,490,000, a change of 18,150,000 (160.1%).
- Net loss of 3,357,000 reduced equity.
- New share issuances of 21,116,000 increased equity.
- Other comprehensive income decreased equity by 1.
- Other factors increased equity by 391,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-3.36 Million | -11.38% |
| Share Issuances | GBX21.12 Million | +71.6% |
| Other Comprehensive Income | GBX-1.00 | -0.0% |
| Other Changes | GBX391.00K | +1.33% |
| Total Change | GBX- | 160.05% |
Book Value vs Market Value Analysis
This analysis compares Various Eateries PLC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 84.12x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-09-30 | GBX-0.48 | GBX14.75 | x |
| 2018-09-30 | GBX-0.66 | GBX14.75 | x |
| 2019-09-30 | GBX-0.07 | GBX14.75 | x |
| 2020-09-30 | GBX0.33 | GBX14.75 | x |
| 2021-09-30 | GBX0.30 | GBX14.75 | x |
| 2022-09-30 | GBX0.22 | GBX14.75 | x |
| 2023-09-30 | GBX0.14 | GBX14.75 | x |
| 2024-09-30 | GBX0.18 | GBX14.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Various Eateries PLC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -11.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.78%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 2.50x
- Recent ROE (-11.38%) is above the historical average (-22.36%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.00% | -65.42% | 0.82x | 0.00x | GBX-19.25 Million |
| 2018 | 0.00% | -58.41% | 0.76x | 0.00x | GBX-10.71 Million |
| 2019 | 0.00% | -63.13% | 0.71x | 0.00x | GBX-15.53 Million |
| 2020 | -53.04% | -87.69% | 0.23x | 2.67x | GBX-17.16 Million |
| 2021 | -15.37% | -16.74% | 0.32x | 2.90x | GBX-6.17 Million |
| 2022 | -40.20% | -17.74% | 0.57x | 3.99x | GBX-9.01 Million |
| 2023 | -58.88% | -14.68% | 0.68x | 5.88x | GBX-7.81 Million |
| 2024 | -11.38% | -6.78% | 0.67x | 2.50x | GBX-6.31 Million |
Industry Comparison
This section compares Various Eateries PLC's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $44,433,540
- Average return on equity (ROE) among peers: 580.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Various Eateries PLC (VARE) | GBX27.62 Million | 0.00% | 1.55x | $2.77K |
| Bow Street Group plc (BOW) | $312.00K | 5143.27% | 125.96x | $1.36K |
| Comptoir Group PLC (COM) | $4.75 Million | 12.38% | 5.75x | $970.12 |
| daVictus plc (DVT) | $306.16K | 29.53% | 0.60x | $69.03 |
| Heavitree Brewery A (HVTA) | $7.60 Million | 23.84% | 1.47x | $1.08K |
| J D Wetherspoon PLC (JDW) | $207.45 Million | 24.68% | 5.45x | $95.80K |
| Loungers PLC (LGRS) | $144.65 Million | 4.79% | 1.64x | $42.89K |
| Tortilla Mexican Grill PLC (MEX) | $4.73 Million | -1.03% | 0.37x | $3.10K |
| Tasty Plc (TAST) | $1.30 Million | 0.00% | 0.21x | $1.51K |
| Time Out Group plc (TMO) | $28.80 Million | -15.93% | 3.08x | $5.60K |