Company DescriptionVarengold Bank AG provides various marketplace and transaction/commercial banking products and services in Germany, the United Kingdom, and Bulgaria. The company offers call and fixed term deposits; lending and fronting services; international payment transaction, trade and export finance, Lombard credits, and structured finance; and bank guarantees, as well as debt and equity capital market products. It serves private and commercial customers. The company was formerly known as Varengold Wertpapierhandelsbank AG and changed its name to Varengold Bank AG in 2013. Varengold Bank AG was founded in 1995 and is headquartered in Hamburg, Germany.

How the Company Makes Money

Varengold Bank AG Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Breakdown
Income Statement		Total Revenue
90.83M	60.97M	30.28M	25.89M	20.51K
	Gross Profit
79.33M	60.97M	30.28M	25.89M	20.51K
	EBIT
33.51M	21.44K	―	―	―
	EBITDA
―	5.81M	4.25M	2.33M	2.28K
	Net Income Common Stockholders
9.06M	17.17M	1.71M	1.62M	―
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
13.90M	956.27K	400.80K	261.37K	134.50K
	Total Assets
1.42B	1.47B	995.19M	707.33M	530.93K
	Total Debt
44.79M	153.93M	127.14M	33.26M	23.79M
	Net Debt
―	152.97M	126.74M	33.00M	23.65M
	Total Liabilities
1.36B	1.41B	956.53M	673.18M	506.16K
	Stockholders Equity
64.89M	55.83M	38.67M	34.15M	24.77K
Cash Flow		Free Cash Flow
0.00	227.29K	192.17K	228.13K	135.82K
	Operating Cash Flow
0.00	227.29K	192.17K	228.13K	135.82K
	Investing Cash Flow
0.00	0.00	0.00	0.00	0.00
	Financing Cash Flow
0.00	0.00	0.00	0.00	0.00

Varengold Bank AG Peers Comparison

Overall Rating

UnderperformOutperform

Sector (64)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VG8		€28.12M	―		―	―	―
Sector *	64 Neutral	$12.87B	9.81	7.76%	16985.65%	12.28%	-7.83%
DB		$54.83B	11.53	6.68%	2.58%	―	―
0RLW		€33.17B	11.92	9.28%	2.31%	―	―
0R9K		€748.36M	9.64	2.52%	―	―	―
0JVS		€1.39B	93.92	9.19%	―	―	―
0GJN		€1.31B	38.24	0.69%	4.68%	―	―

* Financial Sector Average

Performance Comparison

DE:VG8

Varengold Bank AG

2.80

-0.76

-21.35%

Deutsche Bank AG

28.13

12.14

75.92%

GB:0RLW

Commerzbank

28.00

13.06

87.42%

GB:0R9K

Deutsche Pfandbriefbank

5.59

0.31

5.87%

GB:0JVS

HYPOPORT

208.50

-65.01

-23.77%

GB:0GJN

Wuestenrot & Wuerttembergische

13.88

1.07

8.35%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

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