VOESTALPINE AG (VAS.DE) Fundamental Analysis & Valuation

FRA:VAS • AT0000937503

Current stock price

39.3 EUR
-0.08 (-0.2%)
Last:

This VAS.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. VAS.DE Profitability Analysis

1.1 Basic Checks

  • In the past year VAS was profitable.
  • VAS had a positive operating cash flow in the past year.
  • VAS had positive earnings in each of the past 5 years.
  • In the past 5 years VAS always reported a positive cash flow from operatings.
VAS.DE Yearly Net Income VS EBIT VS OCF VS FCFVAS.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B

1.2 Ratios

  • With a Return On Assets value of 1.48%, VAS is not doing good in the industry: 61.36% of the companies in the same industry are doing better.
  • Looking at the Return On Equity, with a value of 3.05%, VAS is doing worse than 61.36% of the companies in the same industry.
  • VAS has a Return On Invested Capital (2.99%) which is comparable to the rest of the industry.
  • VAS had an Average Return On Invested Capital over the past 3 years of 5.56%. This is below the industry average of 8.65%.
Industry RankSector Rank
ROA 1.48%
ROE 3.05%
ROIC 2.99%
ROA(3y)2.62%
ROA(5y)3.15%
ROE(3y)5.95%
ROE(5y)7.48%
ROIC(3y)5.56%
ROIC(5y)5.26%
VAS.DE Yearly ROA, ROE, ROICVAS.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15

1.3 Margins

  • Looking at the Profit Margin, with a value of 1.49%, VAS is doing worse than 61.36% of the companies in the same industry.
  • In the last couple of years the Profit Margin of VAS has declined.
  • VAS has a worse Operating Margin (3.48%) than 63.64% of its industry peers.
  • VAS's Operating Margin has declined in the last couple of years.
  • VAS has a Gross Margin (19.50%) which is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of VAS has remained more or less at the same level.
Industry RankSector Rank
OM 3.48%
PM (TTM) 1.49%
GM 19.5%
OM growth 3Y-28.69%
OM growth 5YN/A
PM growth 3Y-51.8%
PM growth 5YN/A
GM growth 3Y-7.16%
GM growth 5Y1.22%
VAS.DE Yearly Profit, Operating, Gross MarginsVAS.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15 20

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4

2. VAS.DE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), VAS is destroying value.
  • VAS has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for VAS has been reduced compared to 5 years ago.
  • Compared to 1 year ago, VAS has an improved debt to assets ratio.
VAS.DE Yearly Shares OutstandingVAS.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
VAS.DE Yearly Total Debt VS Total AssetsVAS.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.2 Solvency

  • An Altman-Z score of 2.43 indicates that VAS is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • With a Altman-Z score value of 2.43, VAS perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
  • VAS has a debt to FCF ratio of 4.24. This is a neutral value as VAS would need 4.24 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 4.24, VAS is in the better half of the industry, outperforming 65.91% of the companies in the same industry.
  • A Debt/Equity ratio of 0.28 indicates that VAS is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.28, VAS is in line with its industry, outperforming 43.18% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF 4.24
Altman-Z 2.43
ROIC/WACC0.35
WACC8.63%
VAS.DE Yearly LT Debt VS Equity VS FCFVAS.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 1.33 indicates that VAS should not have too much problems paying its short term obligations.
  • The Current ratio of VAS (1.33) is worse than 81.82% of its industry peers.
  • VAS has a Quick Ratio of 1.33. This is a bad value and indicates that VAS is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.45, VAS is doing worse than 88.64% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.33
Quick Ratio 0.45
VAS.DE Yearly Current Assets VS Current LiabilitesVAS.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

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4

3. VAS.DE Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 471.43% over the past year.
  • VAS shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -50.53% yearly.
  • Looking at the last year, VAS shows a decrease in Revenue. The Revenue has decreased by -5.59% in the last year.
  • The Revenue has been growing slightly by 4.36% on average over the past years.
EPS 1Y (TTM)471.43%
EPS 3Y-50.53%
EPS 5YN/A
EPS Q2Q%169.23%
Revenue 1Y (TTM)-5.59%
Revenue growth 3Y1.8%
Revenue growth 5Y4.36%
Sales Q2Q%-4.09%

3.2 Future

  • The Earnings Per Share is expected to grow by 41.51% on average over the next years. This is a very strong growth
  • VAS is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.07% yearly.
EPS Next Y160.25%
EPS Next 2Y107.09%
EPS Next 3Y71.44%
EPS Next 5Y41.51%
Revenue Next Year-4.87%
Revenue Next 2Y-0.55%
Revenue Next 3Y0.61%
Revenue Next 5Y-1.07%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
VAS.DE Yearly Revenue VS EstimatesVAS.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 5B 10B 15B
VAS.DE Yearly EPS VS EstimatesVAS.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 2 4 6

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7

4. VAS.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 30.23, the valuation of VAS can be described as expensive.
  • VAS's Price/Earnings ratio is in line with the industry average.
  • When comparing the Price/Earnings ratio of VAS to the average of the S&P500 Index (26.11), we can say VAS is valued inline with the index average.
  • VAS is valuated reasonably with a Price/Forward Earnings ratio of 10.41.
  • Based on the Price/Forward Earnings ratio, VAS is valued a bit cheaper than 75.00% of the companies in the same industry.
  • VAS's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.12.
Industry RankSector Rank
PE 30.23
Fwd PE 10.41
VAS.DE Price Earnings VS Forward Price EarningsVAS.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of VAS indicates a rather cheap valuation: VAS is cheaper than 88.64% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of VAS indicates a rather cheap valuation: VAS is cheaper than 93.18% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 9.31
EV/EBITDA 5.91
VAS.DE Per share dataVAS.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as VAS's earnings are expected to grow with 71.44% in the coming years.
PEG (NY)0.19
PEG (5Y)N/A
EPS Next 2Y107.09%
EPS Next 3Y71.44%

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6

5. VAS.DE Dividend Analysis

5.1 Amount

  • VAS has a Yearly Dividend Yield of 5.75%, which is a nice return.
  • Compared to an average industry Dividend Yield of 1.61, VAS pays a better dividend. On top of this VAS pays more dividend than 95.45% of the companies listed in the same industry.
  • VAS's Dividend Yield is rather good when compared to the S&P500 average which is at 1.91.
Industry RankSector Rank
Dividend Yield 5.75%

5.2 History

  • The dividend of VAS decreases each year by -10.86%.
Dividend Growth(5Y)-10.86%
Div Incr Years0
Div Non Decr Years0
VAS.DE Yearly Dividends per shareVAS.DE Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1

5.3 Sustainability

  • VAS pays out 45.65% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP45.65%
EPS Next 2Y107.09%
EPS Next 3Y71.44%
VAS.DE Yearly Income VS Free CF VS DividendVAS.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B
VAS.DE Dividend Payout.VAS.DE Dividend Payout, showing the Payout Ratio.VAS.DE Dividend Payout.PayoutRetained Earnings

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VAS.DE Fundamentals: All Metrics, Ratios and Statistics

VOESTALPINE AG

FRA:VAS (3/17/2026, 7:00:00 PM)

39.3

-0.08 (-0.2%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-11
Earnings (Next)06-03
Inst Owners25.69%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap7.02B
Revenue(TTM)15.14B
Net Income(TTM)225.40M
Analysts76
Price Target45.13 (14.83%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.75%
Yearly Dividend0.7
Dividend Growth(5Y)-10.86%
DP45.65%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)13.13%
Min EPS beat(2)-3.6%
Max EPS beat(2)29.85%
EPS beat(4)1
Avg EPS beat(4)-39.03%
Min EPS beat(4)-172.05%
Max EPS beat(4)29.85%
EPS beat(8)2
Avg EPS beat(8)-40.24%
EPS beat(12)3
Avg EPS beat(12)-31.16%
EPS beat(16)5
Avg EPS beat(16)-21.03%
Revenue beat(2)0
Avg Revenue beat(2)-1.51%
Min Revenue beat(2)-1.51%
Max Revenue beat(2)-1.5%
Revenue beat(4)0
Avg Revenue beat(4)-2.57%
Min Revenue beat(4)-4.77%
Max Revenue beat(4)-1.5%
Revenue beat(8)1
Avg Revenue beat(8)-2.06%
Revenue beat(12)3
Avg Revenue beat(12)-0.93%
Revenue beat(16)6
Avg Revenue beat(16)0.15%
PT rev (1m)6.8%
PT rev (3m)19.44%
EPS NQ rev (1m)2.73%
EPS NQ rev (3m)-0.11%
EPS NY rev (1m)-3.1%
EPS NY rev (3m)-0.6%
Revenue NQ rev (1m)-2.24%
Revenue NQ rev (3m)-2.15%
Revenue NY rev (1m)-0.75%
Revenue NY rev (3m)-0.7%
Valuation
Industry RankSector Rank
PE 30.23
Fwd PE 10.41
P/S 0.46
P/FCF 9.31
P/OCF 3.89
P/B 0.95
P/tB 1.15
EV/EBITDA 5.91
EPS(TTM)1.3
EY3.31%
EPS(NY)3.77
Fwd EY9.6%
FCF(TTM)4.22
FCFY10.74%
OCF(TTM)10.1
OCFY25.7%
SpS84.8
BVpS41.37
TBVpS34.07
PEG (NY)0.19
PEG (5Y)N/A
Graham Number34.79
Profitability
Industry RankSector Rank
ROA 1.48%
ROE 3.05%
ROCE 5.33%
ROIC 2.99%
ROICexc 3.26%
ROICexgc 3.75%
OM 3.48%
PM (TTM) 1.49%
GM 19.5%
FCFM 4.98%
ROA(3y)2.62%
ROA(5y)3.15%
ROE(3y)5.95%
ROE(5y)7.48%
ROIC(3y)5.56%
ROIC(5y)5.26%
ROICexc(3y)6.31%
ROICexc(5y)5.9%
ROICexgc(3y)7.4%
ROICexgc(5y)6.97%
ROCE(3y)9.88%
ROCE(5y)9.39%
ROICexgc growth 3Y-25.66%
ROICexgc growth 5YN/A
ROICexc growth 3Y-24.91%
ROICexc growth 5YN/A
OM growth 3Y-28.69%
OM growth 5YN/A
PM growth 3Y-51.8%
PM growth 5YN/A
GM growth 3Y-7.16%
GM growth 5Y1.22%
F-Score6
Asset Turnover0.99
Health
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF 4.24
Debt/EBITDA 1.48
Cap/Depr 118.19%
Cap/Sales 6.93%
Interest Coverage 3.65
Cash Conversion 127.47%
Profit Quality 334.43%
Current Ratio 1.33
Quick Ratio 0.45
Altman-Z 2.43
F-Score6
WACC8.63%
ROIC/WACC0.35
Cap/Depr(3y)101.98%
Cap/Depr(5y)94.91%
Cap/Sales(3y)5.88%
Cap/Sales(5y)5.51%
Profit Quality(3y)195.15%
Profit Quality(5y)617.46%
High Growth Momentum
Growth
EPS 1Y (TTM)471.43%
EPS 3Y-50.53%
EPS 5YN/A
EPS Q2Q%169.23%
EPS Next Y160.25%
EPS Next 2Y107.09%
EPS Next 3Y71.44%
EPS Next 5Y41.51%
Revenue 1Y (TTM)-5.59%
Revenue growth 3Y1.8%
Revenue growth 5Y4.36%
Sales Q2Q%-4.09%
Revenue Next Year-4.87%
Revenue Next 2Y-0.55%
Revenue Next 3Y0.61%
Revenue Next 5Y-1.07%
EBIT growth 1Y118.19%
EBIT growth 3Y-27.41%
EBIT growth 5YN/A
EBIT Next Year162.05%
EBIT Next 3Y51.94%
EBIT Next 5Y33.85%
FCF growth 1Y-24.79%
FCF growth 3Y-19.09%
FCF growth 5Y-10.92%
OCF growth 1Y-9.17%
OCF growth 3Y4.55%
OCF growth 5Y1.73%

VOESTALPINE AG / VAS.DE Fundamental Analysis FAQ

What is the ChartMill fundamental rating of VOESTALPINE AG (VAS.DE) stock?

ChartMill assigns a fundamental rating of 4 / 10 to VAS.DE.


Can you provide the valuation status for VOESTALPINE AG?

ChartMill assigns a valuation rating of 7 / 10 to VOESTALPINE AG (VAS.DE). This can be considered as Undervalued.


What is the profitability of VAS stock?

VOESTALPINE AG (VAS.DE) has a profitability rating of 3 / 10.


What is the valuation of VOESTALPINE AG based on its PE and PB ratios?

The Price/Earnings (PE) ratio for VOESTALPINE AG (VAS.DE) is 30.23 and the Price/Book (PB) ratio is 0.95.


Can you provide the expected EPS growth for VAS stock?

The Earnings per Share (EPS) of VOESTALPINE AG (VAS.DE) is expected to grow by 160.25% in the next year.