Companies ›Materials ›VARO.BK

VARO.BK — SET (Bangkok) Aluminum

Varo.Bk

$4,08

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Mcap

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P/E

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EV / Rev

—

Div yield

0,00 %

Op margin

4,0 %

ROE

6,9 %

Net margin

2,5 %

Debt / equity

0,81

Beta

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52w range

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Volume

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Day range

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Prev close

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Open

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Next earnings

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Ex-dividend

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TR 1Y

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About

Varo.BK is an aluminum mining company that generates revenue through the extraction and sale of aluminum resources.

Business. Varo.BK is an aluminum mining company that generates revenue through the extraction and sale of aluminum resources.

Classification92 %

SectorBasic Materials

Business sectorMineral Resources

IndustryAluminum

ActivityMining

Generated · model-assisted

Sell-side consensus

—consensus pending

— buy— hold— sell

Avg 12m price target—

Upcoming events

— missing data

See all catalysts →

At a glance

Score→

composite score

Valuation

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valuation pending

Analysts

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not yet wired

Ownership

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not yet wired

quality score (0-100)

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

No recent newsroom coverage mentioning VARO.

Sector rotation

Sector1D1Mvs mkt

Communication Services+2,2 %−5,5 %+1,5 %

Materials · THIS SECTOR+2,2 %+3,2 %+1,4 %

Energy+0,9 %+5,2 %+0,1 %

Health Care+0,7 %−1,3 %+0,0 %

Consumer Discretionary+0,3 %+9,2 %−0,4 %

Information Technology+0,2 %+8,1 %−0,6 %

Financials−0,5 %−3,0 %−1,2 %

Consumer Staples−0,6 %+3,3 %−1,4 %

Real Estate−0,7 %+10,9 %−1,4 %

Industrials−1,1 %−0,3 %−1,8 %

Utilities−1,9 %+28,2 %−2,6 %

Developing storylines

No tracked sagas currently linked to VARO.BK. Browse all sagas →

Analysis

AI analysis

Generated · analysis pipeline · tier hybrid · as of 2026-07-24 ↑ At a glance

Opportunity

— missing data

Upcoming catalysts

Scheduled public events. Informational only — not investment advice.

Macro
Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
Macro & political
ElectionSE Swedish Election2026-09-14 · SE
ElectionUS U.S. Midterms2026-11-03 · US
ElectionFR French Legislative2027-06-01 · FR

Pre-earnings brief

— missing data

Signals & dispatch

peak dispatch · —

Composite-score breakdown

Composite score59 / 100

Composite score 0-100 · Data quality 0,54

Data quality0,54 / 1.00

Synthesis

Business

Varo.BK is an aluminum mining company that generates revenue through the extraction and sale of aluminum resources.

Classification92 %

SectorBasic Materials

Business sectorMineral Resources

IndustryAluminum

ActivityMining

AI synthesis

GENERATED

Varo.BK has a debt-to-equity ratio of 0.81, indicating a moderate level of leverage, and a current ratio of 1.27, suggesting limited short-term liquidity cushion. The company's cash and equivalents amount to 28.32 million THB, which is significantly lower than its long-term debt of 809.99 million THB, resulting in a net cash position that is negative after subtracting total debt.

The company's profitability is reflected in a return on equity (ROE) of 6.92% and a return on assets (ROA) of 3.17%, both of which are below the industry median for aluminum mining firms. This suggests that Varo.BK is underperforming in terms of capital efficiency and asset utilization.

Varo.BK's revenue is concentrated in a single business segment, aluminum mining, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic and regulatory risks.

The company's growth trajectory is constrained by its capital expenditure of -19.16 million THB, indicating a reduction in investment in new projects or infrastructure. This, combined with a free cash flow of 140.51 million THB, suggests that Varo.BK is generating positive cash but is not reinvesting it at a significant rate.

The risk assessment indicates a medium liquidity risk and a low dilution risk. The key flag of negative net cash after subtracting total debt highlights the company's reliance on external financing to meet long-term obligations. No recent events or filings have been disclosed that would significantly alter the company's risk profile.

Key takeaways

Varo.BK has a moderate debt load but limited liquidity to cover short-term obligations.
The company's ROE and ROA are below industry medians, indicating suboptimal capital and asset returns.
Revenue is entirely dependent on the aluminum mining segment, with no geographic diversification.
Capital expenditure is negative, suggesting a lack of investment in growth.
The company faces medium liquidity risk and a low dilution risk.

Bull / Bear case

analysis pipeline

— missing data

In focus — financials by report

Valuation

Market price

$4,08

Market cap

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Enterprise valueⓘ

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P/Eⓘ

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Non-GAAP P/Eⓘ

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EV / Revenueⓘ

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EV / Op incomeⓘ

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EV / OCFⓘ

—

P / Bⓘ

—

P / Tangible bookⓘ

—

Tangible book

$1.00B

Net cashⓘ

-$781.7M

Current ratioⓘ

1.3

Debt / equityⓘ

0.8

ROAⓘ

3.2%

ROEⓘ

6.9%

Cash conversionⓘ

394.0%

CapEx / revenueⓘ

-0.7%

SBC / revenueⓘ

—

Dilution ratioⓘ

0.0%

Revenue by segment

Business relationships

— missing data

Supply chain

— missing data

Peer comparison

— missing data

Market position

Stress test

— missing data

Predictor forecast

Options

— missing data

Short squeeze

— missing data

Earnings-call key lines

— missing data

Estimate revisions

consensus EPS · 26-week trend

— missing data

Sell-side observations

— missing data

Themes

— missing data

ESG

— missing data

Risk factors

Dilution riskLow

Liquidity riskMedium

Filing-based flags

Net cash is negative after subtracting total debt.

Benchmarks vs cohort

Op Margin4,0 %Above median

Net Margin2,5 %Below median

ROE6,9 %Above median

Capex / Rev-0,7 %Above P75

D/E0,81Below median

Cash Conv3,94Above P75

Corporate actions / M&A

— missing data

FX exposure

— missing data

Comparable transactions

— missing data

Derivatives & instruments

— missing data

Actions

Set alert Open in charts

Ask Handelsavisen

— missing data

Data sources

Market data
Market data cache
Issuer disclosures
Public news
Earnings transcripts
Consensus estimates
ESG data

How metrics are computed

Dilution Ratio
(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
Net Cash
cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
Capex To Revenue
capital_expenditure / revenue
Return On Equity
net_income / total_equity
Debt To Equity
(short_term_debt + long_term_debt) / total_equity
Cash Conversion Ratio
operating_cash_flow / net_income

Source documents

VARO.BK Market data — financials · 2026-05-29

Ownership & reference

Leadership

Sanchai ChaichanianChairman of the Board, Chief Executive Officer

Insider activity

— missing data

Short positioning

— missing data

Geographic breakdown

— missing data

Listings · one canonical issuer all listings resolve to the canonical

VARO.BKCanonical

SET (Bangkok) · USD

Intel & risk

peak dispatch · —

OSINT findings

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Evidence & claims

From filings & derived data

— missing data

The Thread

Everything we know, in order

— missing data

Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-07-24 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage

At a glance

What drives this business

News & coverage

Sector rotation

Developing storylines

Analysis

Opportunity

Upcoming catalysts

Pre-earnings brief

Signals & dispatch

Composite-score breakdown

Synthesis

Bull / Bear case

In focus — financials by report

Valuation

Revenue by segment

Market share

Business relationships

Supply chain

Peer comparison

Market position

Stress test

Predictor forecast

Options

Short squeeze

Earnings-call key lines

Estimate revisions

Sell-side observations

Themes

ESG

Risk factors

Benchmarks vs cohort

Corporate actions / M&A

FX exposure

Comparable transactions

Derivatives & instruments

Actions

Ask Handelsavisen

Ownership & reference

Leadership

Insider activity

Short positioning

Geographic breakdown

Intel & risk

Evidence & claims

The Thread