Various Eateries PLC ADR (VARE) AI Stock Analysis

• Market Cap: £20.57M
• Dividend Yield: N/A
• Average Volume (3M): 6.14K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.20
• Revenue Growth: 8.14%
• EPS Growth: 79.37%
• Country: UK
• Employees: 951
• Sector: Consumer Cyclical
• Sector Strength: 72
• Industry: Restaurants
• EPS (TTM): -0.01
• Shares Outstanding: 175,045,260
• 10 Day Avg. Volume: 7,649
• 30 Day Avg. Volume: 6,143
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 55 Neutral
• Price Target: 13.50p ▲(14.89% Upside)

The overall score is influenced by mixed financial performance, with revenue growth but persistent net losses and high leverage. Despite a positive outlook from corporate events, technical indicators are bearish, and valuation metrics are not attractive.

Various Eateries PLC ADR Business Overview & Revenue Model

Company Description

Various Eateries PLC ADR (VARE) is a hospitality and restaurant group that operates a diverse portfolio of dining establishments primarily in the United Kingdom. The company focuses on creating unique dining experiences through its brands, which include Coppa Club, an all-day café and workspace, and Tavolino, an Italian restaurant concept. Various Eateries aims to offer high-quality food and exceptional service in stylish and welcoming environments, catering to a broad customer base.

How the Company Makes Money

Various Eateries PLC ADR (VARE) generates revenue primarily through the operation of its restaurant and café establishments. The company's key revenue streams include sales of food and beverages to customers who dine at their locations. Revenue is also supplemented by hosting events and private functions in their venues, which can include corporate gatherings, weddings, and private parties. Additionally, Various Eateries may engage in strategic partnerships or collaborations that enhance brand visibility and customer engagement. The company's earnings are influenced by factors such as location, menu pricing, customer footfall, and overall brand reputation within the competitive hospitality sector.

Various Eateries PLC ADR Financial Statement Overview

Summary

Various Eateries PLC has shown revenue growth and improved gross profit margin, though persistent net losses and high leverage remain concerns. Positive operating cash flow is overshadowed by the reliance on external financing.

Income Statement

The company showed positive revenue growth over the years, with a revenue increase of 8.8% from 2023 to 2024. However, the net profit margin remains negative due to consistent net losses. Gross profit margin improved to 7% in 2024, suggesting better cost management. Nonetheless, the EBIT and EBITDA margins indicate underlying operational challenges.

Balance Sheet

The balance sheet shows a significant improvement in stockholders' equity, increasing to 29.5M in 2024. However, the debt-to-equity ratio remains high at 1.17, indicating considerable leverage. The equity ratio is 40%, reflecting moderate financial stability. Continued focus on reducing debt could enhance financial resilience.

Cash Flow

Operating cash flow improved slightly, but free cash flow remains negative, highlighting ongoing capital expenditures. The operating cash flow to net income ratio is unfavorable due to negative net income, indicating cash flow challenges. Positive financing cash flow indicates reliance on external financing to support operations.

Breakdown	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	49.49M	45.49M	40.67M	22.35M	16.47M
Gross Profit	3.46M	1.90M	3.67M	1.62M	-1.05M
EBITDA	4.58M	1.36M	-508.00K	1.88M	-9.61M
Net Income	-3.36M	-6.68M	-8.25M	-3.83M	-23.92M
Balance Sheet
Total Assets	73.75M	66.64M	71.68M	70.50M	72.57M
Cash, Cash Equivalents and Short-Term Investments	5.83M	1.90M	9.39M	19.72M	893.00K
Total Debt	34.49M	44.85M	44.78M	37.41M	33.88M
Total Liabilities	44.27M	55.30M	53.73M	46.17M	45.34M
Stockholders Equity	29.49M	11.34M	17.95M	24.33M	27.23M
Cash Flow
Free Cash Flow	-2.01M	-4.76M	-6.99M	-1.77M	-4.56M
Operating Cash Flow	2.31M	2.08M	1.86M	3.29M	639.00K
Investing Cash Flow	-4.31M	-6.84M	-8.85M	-5.04M	-5.63M
Financing Cash Flow	5.93M	-2.73M	-3.33M	20.57M	4.05M

Various Eateries PLC ADR Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 11.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:VARE, the sentiment is Negative. The current price of 11.75 is below the 20-day moving average (MA) of 12.55, below the 50-day MA of 12.99, and below the 200-day MA of 15.02, indicating a bearish trend. The MACD of -0.35 indicates Positive momentum. The RSI at 2.16 is Positive, neither overbought nor oversold. The STOCH value of 27.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:VARE.

Various Eateries PLC ADR Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HVTA	69 Neutral	£8.11M	4.01	10.60%	1.77%	2.76%	―
Sector *	63 Neutral	£1.76B	11.16	4.65%	3.22%	0.46%	-42.11%
DPP	57 Neutral	£94.38M	―	-2.17%	―	20.22%	86.00%
VARE	55 Neutral	£20.57M	―	-6.15%	―	8.14%	79.37%
COM	55 Neutral	£4.97M	―	-82.37%	―	9.97%	-21.54%
TAST	54 Neutral	£1.25M	0.06		―	-21.95%	―
MEX	54 Neutral	£16.63M	―	-277.22%	―	3.54%	-203.89%

Various Eateries PLC ADR Corporate Events

Various Eateries PLC Extends Bond Redemption Date in Related Party Transaction

Various Eateries PLC has announced a related party transaction involving the reissuance of a Deep Discounted Bond through its subsidiary, VEL Property Holdings Limited, with Friends Provident International Limited. The bond’s redemption date has been extended by a year to 14 July 2026, with a subscription amount of £3,390,324 and a nominal value of £3,661,550. This move is secured against the company’s property in Cobham and is considered fair and reasonable by the company’s directors, excluding those with indirect interests.

Various Eateries PLC Reports Strong H1 2025 Results and Positive Outlook

Various Eateries PLC reported a significant increase in profitability and revenue growth of 8.8% for the first half of 2025, driven by new site openings and operational improvements. Despite flat like-for-like sales due to Easter timing, the company saw a 6.8% increase post-period and remains optimistic about future growth, supported by a strong financial position and strategic expansion plans for its Coppa Club and Noci brands.

Various Eateries PLC Reports Strong Profit Growth and Positive Outlook

Various Eateries PLC reported an 8.8% increase in sales to £24.7 million for the 26-week period ending 30 March 2025, driven by new site openings. Despite flat like-for-like sales due to the timing of Easter, the company saw an 81% increase in site-level EBITDA and improved profitability, reflecting operational improvements. With a robust balance sheet, the company is optimistic about future growth and plans to continue its disciplined expansion strategy.