Varta AG
Varta AG, through its subsidiaries, engages in the research, development, production, and sale of micro and household batteries, large-format batteries, battery solutions, energy storage systems, and large-format lithium-ion cells in Europe, Asia, North America, and internationally. The company operates in six segments: Consumer Batteries, Micro Batteries, Lithium-Ion Small Cells, Lithium-Ion Lar… Read more
Varta AG (VARGF) - Net Assets
Latest net assets as of December 2023: $-124.58 Million USD
Based on the latest financial reports, Varta AG (VARGF) has net assets worth $-124.58 Million USD as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($870.67 Million) and total liabilities ($995.26 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 | $-124.58 Million |
| % of Total Assets | -14.31% |
| Annual Growth Rate | N/A |
| 5-Year Change | -137.22% |
| 10-Year Change | -800.62% |
| Growth Volatility | 109.88 |
Varta AG - Net Assets Trend (2010–2024)
This chart illustrates how Varta AG's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Varta AG (2010–2024)
The table below shows the annual net assets of Varta AG from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-185.76 Million | -49.10% |
| 2023-12-31 | $-124.58 Million | -152.03% |
| 2022-12-31 | $239.47 Million | -55.03% |
| 2021-12-31 | $532.50 Million | +6.70% |
| 2020-12-31 | $499.07 Million | +20.32% |
| 2019-12-31 | $414.80 Million | +59.89% |
| 2018-12-31 | $259.42 Million | +12.57% |
| 2017-12-31 | $230.45 Million | +252.96% |
| 2016-12-31 | $65.29 Million | +146.25% |
| 2011-12-31 | $26.51 Million | -27.02% |
| 2010-12-31 | $36.33 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Varta AG'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 860.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $55.31 Million | % |
| Total Equity | $-185.76 Million | 100.00% |
Varta AG Competitors by Market Cap
The table below lists competitors of Varta AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Yanhua Smartech Group
SHE:002178
|
$429.69 Million |
|
Ruida Futures
SHE:002961
|
$429.82 Million |
|
ADAMA Ltd
SHE:000553
|
$429.88 Million |
|
Bangkok Chain Hospital Public Company Limited
BK:BCH-R
|
$429.99 Million |
|
Jangho Group Co Ltd
SHG:601886
|
$429.58 Million |
|
BOKU INC. REG S DL-0001
F:B04
|
$429.27 Million |
|
FLAT CAPITAL AB B
F:87I
|
$429.26 Million |
|
VDASF
PINK:VDASF
|
$429.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Varta AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -124,585,000 to -185,762,000, a change of -61,177,000.
- Net loss of 64,520,000 reduced equity.
- Other factors increased equity by 3,343,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-64.52 Million | -34.73% |
| Other Changes | $3.34 Million | +1.8% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Varta AG'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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $6.01 | $20.20 | x |
| 2018-12-31 | $6.75 | $20.20 | x |
| 2019-12-31 | $10.26 | $20.20 | x |
| 2020-12-31 | $12.34 | $20.20 | x |
| 2021-12-31 | $13.17 | $20.20 | x |
| 2022-12-31 | $5.92 | $20.20 | x |
| 2023-12-31 | $-2.92 | $20.20 | x |
| 2024-12-31 | $-4.36 | $20.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Varta AG 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.13%
- • Asset Turnover: 1.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-3.13%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | -13.26% | 0.00% | 0.00x | 1.29x | $-8.45 Million |
| 2011 | -22.35% | 0.00% | 0.00x | 1.12x | $-8.58 Million |
| 2016 | 14.41% | 4.33% | 1.32x | 2.53x | $2.88 Million |
| 2017 | 5.78% | 5.48% | 0.73x | 1.44x | $-9.68 Million |
| 2018 | 9.79% | 9.16% | 0.69x | 1.56x | $-539.60K |
| 2019 | 12.15% | 13.89% | 0.54x | 1.61x | $8.93 Million |
| 2020 | 19.13% | 10.97% | 0.77x | 2.25x | $45.53 Million |
| 2021 | 23.65% | 13.95% | 0.72x | 2.35x | $72.71 Million |
| 2022 | -83.69% | -24.84% | 0.64x | 5.26x | $-224.37 Million |
| 2023 | 0.00% | -50.51% | 0.94x | 0.00x | $-401.86 Million |
| 2024 | 0.00% | -8.13% | 1.00x | 0.00x | $-45.94 Million |
Industry Comparison
This section compares Varta AG's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $315,233,876
- Average return on equity (ROE) among peers: -5.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Varta AG (VARGF) | $-124.58 Million | -13.26% | N/A | $429.65 Million |
| ABB Ltd (ABBNY) | $2.23 Billion | -31.00% | 13.51x | $85.22 Billion |
| Advent Technologies Holdings Inc (ADN) | $130.20 Million | -15.76% | 0.25x | $1.02 Million |
| Ads Tec Energy PLC (ADSE) | $-8.59 Million | 0.00% | 0.00x | $194.80 Million |
| Advanced Energy Industries Inc (AEIS) | $392.07 Million | 32.51% | 0.46x | $11.51 Billion |
| AFC Energy plc (AFGYF) | $30.27 Million | -57.55% | 0.21x | $91.15 Million |
| Alfen N.V (ALFNF) | $6.81 Million | 25.29% | 3.39x | $265.32 Million |
| Amprius Technologies Inc. (AMPX) | $13.86 Million | -71.41% | 0.34x | $1.30 Billion |
| Asia Pacific Wire & Cable Corp Ltd (APWC) | $118.20 Million | 3.47% | 0.76x | $17.88 Million |
| Astro Communications Inc (ASTO) | $7.59 Million | 3.65% | 0.08x | $18.93K |
| Atkore International Group Inc (ATKR) | $232.94 Million | 59.69% | 5.17x | $1.72 Billion |