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VARIMAN.BO$3.92-1.20%
Fair $3.92+0.0%

VARIMAN.BO

Variman Global Enterprises Limited

Technology / Software - ApplicationBSE

$3.92

-0.05 (-1.20%)

Fairly Valued+0.0%Fair Value $3.92Fund rank 26/100 · Data gapFallback financials|
SA 28/D
F-Score: 2/9
Declining RevenueLow Profitability

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 33% · confianza 22%

FCF escenarios

weak_data · normalized FCF $-101.3M · quality 61.3/100

Data gap 26/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 27/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

28/100

D

Piotroski

2/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 2unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified. Revenue has declined for 2 consecutive years ROE is 1.3%, below the 5% threshold
Thesis & Journal · VARIMAN.BOLocal privado en este navegador · Variman Global Enterprises Limited
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$765M

P/E

28.0x

↑

EV/EBITDA

17.6x

↑

ROE

1.3%

↓

Gross Margin

3.8%

↓

Debt/Equity

0.70

↑
52-Week Range$4
$3$18

TradingView lightweight chart

VARIMAN.BO price, volumen y niveles de valoración

Último $4.100Periodo +262.2%
Fair value: $3.920

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+12.3%

FCF CAGR

—

FCF margin

-17.5%

FCF / Net income

-31.08x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $1.09B · net income $6.1M · FCF $-189.7M

2022-FY → 2025-FY

Gross margin

3.8%+0.9% pts

Operating margin

-1.4%-1.1% pts

Net margin

0.6%-0.1% pts

FCF margin

-17.5%-8.4% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$1.09B$1.09B$1.14B$1.16B$767.1M
Net Income$6.1M$6.1M$10.7M$18.2M$4.7M
EBITDA$52.0M$52.0M$50.3M$47.1M$26.2M
EPS0.020.020.070.090.03
Gross Margin3.8%3.8%4.2%2.6%2.9%
Operating Margin-1.4%-1.4%-0.3%0.4%-0.4%
Net Margin0.6%0.6%0.9%1.6%0.6%
Balance Sheet
Debt/Equity0.700.700.830.711.02
Cash Flow
Free Cash Flow$-189.7M$-189.7M$-79.9M$-101.3M$-69.4M
Returns
ROE1.3%1.3%3.3%5.9%2.2%
Valuation
P/E28.0028.00394.43150.00752.27
EV/EBITDA17.5617.5693.8862.47144.29
P/B1.281.2813.698.8116.67
Growth & Yield
Revenue Growth-4.6%-4.6%-1.9%51.3%—
EPS Growth-71.4%-71.4%-25.4%256.0%—

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

159.1%

muy exigente

EPS terminal req.

$0.35

Spread vs growth

-230.5%

5Y implied EPS CAGR

83.9%

muy exigente

EPS terminal req.

$0.42

Spread vs growth

-155.3%

10Y implied EPS CAGR

42.2%

muy exigente

EPS terminal req.

$0.68

Spread vs growth

-113.7%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total -45.2%

Total return

-45.2%

Start / end P/E

106.9x → 205.0x

EPS bridge

0.07 → 0.02

Residual

-65.6%

EPS growth-71.4%
Multiple rerating+91.8%
Dividend+0.0%
Residual / FX / buybacks / cross-term-65.6%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.