VOESTALPINE AG (VAS.DE) Fundamental Analysis & Valuation

FRA:VAS • AT0000937503

Current stock price

38.9 EUR
-0.88 (-2.21%)
Last:

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

4

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.
  • In the past 5 years VAS has always been profitable.
  • VAS had a positive operating cash flow in each of the past 5 years.
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 perfoms like the industry average, outperforming 42.50% of the companies in the same industry.
  • VAS has a Return On Equity (3.05%) which is comparable to the rest of the industry.
  • With a Return On Invested Capital value of 2.99%, VAS perfoms like the industry average, outperforming 45.00% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for VAS is below the industry average of 8.97%.
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

  • VAS has a Profit Margin of 1.49%. This is comparable to the rest of the industry: VAS outperforms 42.50% of its industry peers.
  • VAS's Profit Margin has declined in the last couple of years.
  • With a Operating Margin value of 3.48%, VAS is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
  • VAS's Operating Margin has declined in the last couple of years.
  • VAS has a Gross Margin (19.50%) which is in line with its industry peers.
  • VAS's Gross Margin has been stable in the last couple of years.
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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VAS is destroying value.
  • The number of shares outstanding for VAS remains at a similar level compared to 1 year ago.
  • VAS has less shares outstanding than it did 5 years ago.
  • VAS has a better debt/assets ratio than last year.
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

  • VAS has an Altman-Z score of 2.43. This is not the best score and indicates that VAS is in the grey zone with still only limited risk for bankruptcy at the moment.
  • VAS has a Altman-Z score (2.43) which is comparable to the rest of the industry.
  • The Debt to FCF ratio of VAS is 4.24, which is a neutral value as it means it would take VAS, 4.24 years of fcf income to pay off all of its debts.
  • VAS has a Debt to FCF ratio of 4.24. This is in the better half of the industry: VAS outperforms 67.50% of its industry peers.
  • VAS has a Debt/Equity ratio of 0.28. This is a healthy value indicating a solid balance between debt and equity.
  • With a Debt to Equity ratio value of 0.28, VAS perfoms like the industry average, outperforming 42.50% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF 4.24
Altman-Z 2.43
ROIC/WACC0.34
WACC8.74%
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

  • VAS has a Current Ratio of 1.33. This is a normal value and indicates that VAS is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.33, VAS is doing worse than 82.50% of the companies in the same industry.
  • 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.
  • VAS has a Quick ratio of 0.45. This is amonst the worse of the industry: VAS underperforms 90.00% of its industry peers.
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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. VAS.DE Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 471.43% over the past year.
  • The earnings per share for VAS have been decreasing by -50.53% on average. This is quite bad
  • 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

  • Based on estimates for the next years, VAS will show a very strong growth in Earnings Per Share. The EPS will grow by 41.51% on average per year.
  • Based on estimates for the next years, VAS will show a decrease in Revenue. The Revenue will decrease by -1.07% on average per year.
EPS Next Y160.25%
EPS Next 2Y107.09%
EPS Next 3Y71.44%
EPS Next 5Y41.51%
Revenue Next Year-5.15%
Revenue Next 2Y-0.81%
Revenue Next 3Y0.42%
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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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

  • VAS is valuated quite expensively with a Price/Earnings ratio of 29.92.
  • VAS's Price/Earnings is on the same level as the industry average.
  • The average S&P500 Price/Earnings ratio is at 26.21. VAS is around the same levels.
  • VAS is valuated reasonably with a Price/Forward Earnings ratio of 10.31.
  • VAS's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. VAS is cheaper than 72.50% of the companies in the same industry.
  • VAS is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.13, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 29.92
Fwd PE 10.31
VAS.DE Price Earnings VS Forward Price EarningsVAS.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, VAS is valued cheaply inside the industry as 90.00% of the companies are valued more expensively.
  • 97.50% of the companies in the same industry are more expensive than VAS, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 9.21
EV/EBITDA 5.85
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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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. VAS.DE Dividend Analysis

5.1 Amount

  • VAS has a Yearly Dividend Yield of 5.75%, which is a nice return.
  • VAS's Dividend Yield is rather good when compared to the industry average which is at 1.95. VAS pays more dividend than 95.00% of the companies in the same industry.
  • VAS's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
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

  • 45.65% of the earnings are spent on dividend by VAS. 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 (4/2/2026, 7:00:00 PM)

38.9

-0.88 (-2.21%)

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 Cap6.95B
Revenue(TTM)15.14B
Net Income(TTM)225.40M
Analysts72
Price Target45.13 (16.02%)
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)0%
PT rev (3m)19.44%
EPS NQ rev (1m)-8.45%
EPS NQ rev (3m)-8.56%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.62%
Revenue NQ rev (1m)0.46%
Revenue NQ rev (3m)-1.69%
Revenue NY rev (1m)-0.3%
Revenue NY rev (3m)-1.05%
Valuation
Industry RankSector Rank
PE 29.92
Fwd PE 10.31
P/S 0.46
P/FCF 9.21
P/OCF 3.85
P/B 0.94
P/tB 1.14
EV/EBITDA 5.85
EPS(TTM)1.3
EY3.34%
EPS(NY)3.77
Fwd EY9.7%
FCF(TTM)4.22
FCFY10.85%
OCF(TTM)10.1
OCFY25.96%
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
WACC8.74%
ROIC/WACC0.34
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-5.15%
Revenue Next 2Y-0.81%
Revenue Next 3Y0.42%
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 5 / 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.


How profitable is VOESTALPINE AG (VAS.DE) stock?

VOESTALPINE AG (VAS.DE) has a profitability rating of 4 / 10.


Can you provide the PE and PB ratios for VAS stock?

The Price/Earnings (PE) ratio for VOESTALPINE AG (VAS.DE) is 29.92 and the Price/Book (PB) ratio is 0.94.


Is the dividend of VOESTALPINE AG sustainable?

The dividend rating of VOESTALPINE AG (VAS.DE) is 6 / 10 and the dividend payout ratio is 45.65%.