Financials data is unavailable for this security.
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Year on year Var Energi ASA 's revenues fell -30.38% from 9.82bn to 6.83bn. This along with an increase in the cost of goods sold expense has contributed to a reduction in net income from 936.40m to 610.23m, a -34.83% decrease.
Gross margin | 82.05% |
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Net profit margin | 8.45% |
Operating margin | 42.66% |
Return on assets | 3.04% |
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Return on equity | 51.42% |
Return on investment | 3.43% |
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Cash flow in USDView more
In 2023, Var Energi ASA increased its cash reserves by 65.30%, or 290.31m. The company earned 3.42bn from its operations for a Cash Flow Margin of 50.05%. In addition the company used 2.67bn on investing activities and also paid 459.30m in financing cash flows.
Cash flow per share | 11.49 |
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Price/Cash flow per share | 3.40 |
Book value per share | 6.06 |
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Tangible book value per share | -11.71 |
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Balance sheet in USDView more
Current ratio | 0.7046 |
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Quick ratio | 0.6066 |
Total debt/total equity | 3.61 |
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Total debt/total capital | 0.783 |
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Growth rates in USD
Year on year, growth in dividends per share increased 2.86% while earnings per share excluding extraordinary items fell by -34.83%. The positive trend in dividend payments is noteworthy since only some companies in the Oil & Gas - Integrated industry pay a dividend. Additionally, five year annualized earnings per share growth is in-line with the industry average relative to its peers.
Div yield(5 year avg) | -- |
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Div growth rate (5 year) | -- |
Payout ratio (TTM) | 180.65% |
EPS growth(5 years) | 15.87 |
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EPS (TTM) vs TTM 1 year ago | -35.27 |
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