Variscan Mines Limited (VAR) Fair Value & Analysis
Basic Materials · AU · Market cap A$6.2M
Fair value as of: Jun 24, 2026
From 2 valuation models · updated 5 days ago
Share price −27.3% over the past month.
Price vs Fair Value (12 months)
12‑month range A$0.0050 – A$0.0138 · fair‑value band A$0.0200 – A$0.0300 · the A$0.0050 price screens below the A$0.0300 fair value. As of Jun 24, 2026.
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Variscan Mines Limited (VAR) currently trades at A$0.0050, while our model-based Fair Value estimate is A$0.0300 — implying the stock looks roughly 500.0% undervalued today. We read business quality at 95/100 (high quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low) — always confirm before acting.
It earns a return on equity of -8.7%. Fundamentals as of Jun 24, 2026
Key figures & financial health
Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.
About the company
Variscan Mines Limited focuses on the acquisition, exploration, and development of mineral projects in Australia and Spain. The company explores for copper, gold, zinc, lead, and uranium deposits. Its flagship project is the Novales-Udias project located in the Basque-Cantabrian Basin. The company was formerly known as PlatSearch NL and changed its name to Variscan Mines Limited in January 2014. Variscan Mines Limited was incorporated in 1987 and is based in Perth, Australia.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Variscan Mines Limited reported revenue of A$7.1K in FY2025 versus A$6.1K in FY2021, a compound +4.0%/yr. Reported net income was −A$920K in FY2025.
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.