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Varengold Bank AG

Varengold Bank AG

VG80 · XETRA · Financial Services / Banks - Regional

2.48EUR+0.00 (0.00%)

Price History

Full chart

Market Stats

Previous Close2.48
Open2.48
Day Range2.48 – 2.48
52-Week Range2.30 – 3.00
Volume46
Market Cap26.71M
P/E (TTM)11.57
Forward P/E0.00
EPS0.23
Dividend Yield0.00%
Beta-0.01
50-Day Avg2.55
200-Day Avg2.63

About

Ascory Bank AG operates as a credit institution in Germany. The company operates as a specialist bank for structured financing in the corporate client sector. It caters to financial technology companies including leasing and factoring institutions, energy transition, and leveraged finance sectors. The company also provides call and fixed-term deposits. The company was formerly known as Varengold Bank AG and changed its name to Ascory Bank AG in February 2026. Ascory Bank AG was founded in 1995 and is headquartered in Hamburg, Germany.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMr. Matthias Wargers
  • Employees110
  • HeadquartersGrosse Elbstrasse 39, Hamburg, Germany, 22767, Germany
  • Websitehttps://www.ascory-bank.de/en

Leadership

  • Mr. Matthias WargersCEO & Chief Market Officer, Member of the Management Board
  • Mr. Hendrik HarmsMember of the Management Board · b. 1958
  • Ms. Sanja Schultz-SzaboHead of Communications & Board Affairs
  • Mr. Jan-Oliver DahlHead of People & Culture Division
  • Mr. Lukas DiehlHead of Marketplace Banking

Financials

Income Statement

Currency: EUR2006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue6.67M10.43M10.56M5.10M8.51M7.32M5.55M5.21M16.22M18.44M35.83M24.49M20.51K24.19M29.53M60.97M90.83M68.33M56.15M54.66M
Growth (%)-+56.25%+1.29%-51.69%+66.87%-14.05%-24.20%-6.14%+211.66%+13.68%+94.25%-31.65%-99.92%+117850.94%+22.09%+106.43%+48.99%-24.77%-17.82%-2.67%
Cost of Revenue6.67M70.94K10.56M667.35K500.67K374.80K265.90K592.24K1.61M5.24M4.78M853.30K1.68M2.92M5.82M8.99M5.86M7.40M18.13M16.67M
Gross Profit-10.35M10.49M8.03M12.37M6.94M5.37M4.61M14.72K13.20M31.05M23.64M20.12M23.55M23.71M51.68M79.33M60.94M44.37M37.98M
Gross Margin-99.32%99.37%157.34%145.25%94.88%96.79%88.62%0.09%71.57%86.66%96.52%98104.64%97.37%80.29%84.77%87.33%89.17%79.02%69.49%
Operating Expense-9.08M9.84M8.91M10.32M7.96M7.44M4.62M-512.30K20.42M31.05M23.06M17.84M19.96M21.86M30.28M45.82M38.43M44.24M35.94M
Operating Income-165.82K1.27M657.50K-881.00K2.04M-1.02M-2.07M-3.73K527.02K-7.21M-3.57K575.60K2.28M3.59M1.86M21.40M33.51M22.51M128.96K2.05M
Operating Margin-2.49%12.21%6.23%-17.27%23.99%-13.94%-37.26%-0.07%3.25%-39.11%-0.01%2.35%11135.17%14.86%6.28%35.11%36.89%32.94%0.23%3.74%
EBITDA-8161.50M1.23M-37.60K2.87M--1.20M-4.31M-927.64K-12.72M-1.13M749.00K2.42M2.33M4.25M5.81M-0.3422.59M189.47K2.10M
EBITDA Margin-0.01%14.36%11.69%-0.74%33.69%--21.70%-82.77%-5.72%-68.94%-3.16%3.06%11797.35%9.64%14.39%9.53%-0.00%33.06%0.34%3.85%
Net Income-173.11K1.13M657.50K-882.20K1.87M-1.16M-1.54M-3.68M209.40K-13.22K-1.49M23.50K515.40K1.62M1.71M17.17M9.06M14.52M-1.58M523.18K
Net Income Margin-2.59%10.87%6.23%-17.29%22.02%-15.88%-27.79%-70.70%1.29%-0.07%-4.15%0.10%2513.17%6.68%5.81%28.16%9.97%21.25%-2.81%0.96%
Interest Expense3.46K42.04K154.11K414.90K402.86K248.19K80.17K187.16K1.36M3.73M2.90M1.47M1.68M2.00M1.31M1.48M968.26K7.40M13.07M16.67M
Interest Expense % of Total Revenue0.05%0.40%1.46%8.13%4.73%3.39%1.45%3.60%8.38%20.24%8.08%6.01%8199.76%8.25%4.43%2.42%1.07%10.83%23.27%30.51%

Balance Sheet

Currency: EUR2006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets22.56M6.88M20.51M21.96M20.16M19.42M30.39M53.11M353.18M601.22M613.89M445.21M530.93M707.33M995.19M1.47B1.42B1.35B1.00B1.06B
Total Liabilities21.53M803.67K15.22M17.55M13.87M14.52M21.53M44.43M341.10M598.82M600.32M426.75M506.16M673.18M956.53M1.41B1.36B1.27B926.71M986.57M
Total Equity1.03M6.07M5.29M4.41M6.28M5.19M8.86M8.68M12.08M2.40M13.58M18.46M24.77M34.15M38.67M55.83M64.89M79.41M77.84M78.36M
Cash950.025.66K2.45K3.00K2.96K1.75K1.97K4.13M15.41K217.08K455.70K79.97K134.50K261.37K400.80K956.27K13.90M2.62M5.96M7.71M
Total Debt62.65K--56.40K57.36K56.30K48.38K17.60M28.53M5.00M5.00M5.00M5.00M33.26M127.14M153.93M134.11M90.82M5.14M41.23M
Net Debt61.70K-5.66K-2.45K53.40K54.39K-1.75K46.42K15.88M28.52M4.78M5.78M35.29M23.65M33.00M126.74M152.97M120.21M42.77M-820.53K33.52M

Cash Flow

Currency: EUR2006-12-312007-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow393.00K-1.02M3.65M-1.04M-841.00K8.37M64.55K157.63K328.42K173.36K135.82K228.13K192.17K227.29K----
Investing Cash Flow-234.00K-969.00K-1.24M-710.00K-1.14M-473.00K-2.39K-92.84M----------
Financing Cash Flow-14.00K3.66M--226.00K5.50M3.50K8.19K3.54K----------
Capital Expenditure393.00K96.00K770.00K596.00K635.00K349.00K3072480000000000
Free Cash Flow--1.12M2.88M-1.63M-1.48M8.02M64.24K157.38K328.42K173.36K135.82K228.13K192.17K227.29K----
Dividends Paid---226.00K--------------
FCF to OCF-109.39%78.90%157.53%175.51%95.83%99.52%99.84%100.00%100.00%100.00%100.00%100.00%100.00%----
Dividend Paid to FCF----13.85%--------------

Key Statistics & Ratios

Market Cap26.71M
Enterprise Value27.27M
Trailing P/E11.57
Forward P/E0.00
Price / Sales0.86
Price / Book0.33
EPS0.23
Book Value7.80
Revenue (TTM)31.05M
Gross Profit (TTM)30.84M
Profit Margin7.47%
Operating Margin12.40%
Return on Equity2.93%
Return on Assets0.21%
Shares Outstanding10.04M
Shares Float0
Beta-0.01
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Dividends

20111×
0.12Aug 4, 2011