VOESTALPINE AG (VAS.DE) Stock Fundamental Analysis

FRA:VAS • AT0000937503

44.76 EUR
-0.22 (-0.49%)
Last: Feb 13, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

VAS gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 46 industry peers in the Metals & Mining industry. Both the profitability and financial health of VAS have multiple concerns. VAS has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

3

1. Profitability

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 0.77%, VAS is not doing good in the industry: 61.90% of the companies in the same industry are doing better.
  • VAS's Return On Equity of 1.63% is on the low side compared to the rest of the industry. VAS is outperformed by 61.90% of its industry peers.
  • VAS has a Return On Invested Capital (2.21%) 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 7.72%.
Industry RankSector Rank
ROA 0.77%
ROE 1.63%
ROIC 2.21%
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 worse Profit Margin (0.77%) than 61.90% of its industry peers.
  • VAS's Profit Margin has declined in the last couple of years.
  • VAS's Operating Margin of 2.52% is in line compared to the rest of the industry. VAS outperforms 40.48% of its industry peers.
  • In the last couple of years the Operating Margin of VAS has declined.
  • With a Gross Margin value of 17.80%, VAS perfoms like the industry average, outperforming 40.48% of the companies in the same industry.
  • VAS's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 2.52%
PM (TTM) 0.77%
GM 17.8%
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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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VAS is destroying value.
  • Compared to 1 year ago, VAS has about the same amount of shares outstanding.
  • The number of shares outstanding for VAS has been reduced compared to 5 years ago.
  • The debt/assets ratio for VAS has been reduced compared to a year ago.
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 2.44 indicates that VAS is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • VAS has a Altman-Z score of 2.44. This is comparable to the rest of the industry: VAS outperforms 54.76% of its industry peers.
  • The Debt to FCF ratio of VAS is 6.98, which is on the high side as it means it would take VAS, 6.98 years of fcf income to pay off all of its debts.
  • VAS has a Debt to FCF ratio of 6.98. This is comparable to the rest of the industry: VAS outperforms 57.14% of its industry peers.
  • A Debt/Equity ratio of 0.31 indicates that VAS is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.31, VAS is doing worse than 61.90% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.31
Debt/FCF 6.98
Altman-Z 2.44
ROIC/WACC0.26
WACC8.46%
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 1.35. This is a normal value and indicates that VAS is financially healthy and should not expect problems in meeting its short term obligations.
  • VAS's Current ratio of 1.35 is on the low side compared to the rest of the industry. VAS is outperformed by 88.10% of its industry peers.
  • VAS has a Quick Ratio of 1.35. 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 worse Quick ratio (0.53) than 90.48% of its industry peers.
Industry RankSector Rank
Current Ratio 1.35
Quick Ratio 0.53
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. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 390.61% 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 -5.64% in the last year.
  • The Revenue has been growing slightly by 4.36% on average over the past years.
EPS 1Y (TTM)390.61%
EPS 3Y-50.53%
EPS 5YN/A
EPS Q2Q%-48.37%
Revenue 1Y (TTM)-5.64%
Revenue growth 3Y1.8%
Revenue growth 5Y4.36%
Sales Q2Q%-6.33%

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 40.86% on average per year.
  • The Revenue is expected to decrease by -1.53% on average over the next years.
EPS Next Y168.57%
EPS Next 2Y103.17%
EPS Next 3Y68.29%
EPS Next 5Y40.86%
Revenue Next Year-4.15%
Revenue Next 2Y-0.43%
Revenue Next 3Y0.63%
Revenue Next 5Y-1.53%

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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6

4. Valuation

4.1 Price/Earnings Ratio

  • VAS is valuated quite expensively with a Price/Earnings ratio of 43.88.
  • VAS's Price/Earnings is on the same level as the industry average.
  • When comparing the Price/Earnings ratio of VAS to the average of the S&P500 Index (26.68), we can say VAS is valued expensively.
  • The Price/Forward Earnings ratio is 12.32, which indicates a correct valuation of VAS.
  • 83.33% of the companies in the same industry are more expensive than VAS, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of VAS to the average of the S&P500 Index (28.06), we can say VAS is valued rather cheaply.
Industry RankSector Rank
PE 43.88
Fwd PE 12.32
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 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, VAS is valued cheaper than 80.95% of the companies 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 92.86% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 15.55
EV/EBITDA 6.99
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

  • VAS's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • VAS's earnings are expected to grow with 68.29% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.26
PEG (5Y)N/A
EPS Next 2Y103.17%
EPS Next 3Y68.29%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 5.75%, VAS is a good candidate for dividend investing.
  • VAS's Dividend Yield is rather good when compared to the industry average which is at 1.66. VAS pays more dividend than 97.62% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.84, VAS pays a better dividend.
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 100.84% of its income as dividend. This is not a sustainable payout ratio.
DP100.84%
EPS Next 2Y103.17%
EPS Next 3Y68.29%
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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VOESTALPINE AG

FRA:VAS (2/13/2026, 7:00:00 PM)

44.76

-0.22 (-0.49%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-11
Earnings (Next)06-03
Inst Owners23.03%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap7.99B
Revenue(TTM)15.74B
Net Income(TTM)119.00M
Analysts77.5
Price Target42.26 (-5.59%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.75%
Yearly Dividend0.7
Dividend Growth(5Y)-10.86%
DP100.84%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-91.19%
Min EPS beat(2)-172.05%
Max EPS beat(2)-10.32%
EPS beat(4)1
Avg EPS beat(4)-62.04%
Min EPS beat(4)-172.05%
Max EPS beat(4)0.17%
EPS beat(8)1
Avg EPS beat(8)-48.04%
EPS beat(12)2
Avg EPS beat(12)-38.44%
EPS beat(16)6
Avg EPS beat(16)-21.97%
Revenue beat(2)0
Avg Revenue beat(2)-3.63%
Min Revenue beat(2)-4.77%
Max Revenue beat(2)-2.48%
Revenue beat(4)1
Avg Revenue beat(4)-1.85%
Min Revenue beat(4)-4.77%
Max Revenue beat(4)0.77%
Revenue beat(8)2
Avg Revenue beat(8)-1.95%
Revenue beat(12)5
Avg Revenue beat(12)0.91%
Revenue beat(16)7
Avg Revenue beat(16)0.16%
PT rev (1m)11.83%
PT rev (3m)32.04%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)1.52%
EPS NY rev (3m)7.61%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.11%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.87%
Valuation
Industry RankSector Rank
PE 43.88
Fwd PE 12.32
P/S 0.52
P/FCF 15.55
P/OCF 4.84
P/B 1.1
P/tB 1.34
EV/EBITDA 6.99
EPS(TTM)1.02
EY2.28%
EPS(NY)3.63
Fwd EY8.12%
FCF(TTM)2.88
FCFY6.43%
OCF(TTM)9.24
OCFY20.65%
SpS86.81
BVpS40.8
TBVpS33.49
PEG (NY)0.26
PEG (5Y)N/A
Graham Number30.6
Profitability
Industry RankSector Rank
ROA 0.77%
ROE 1.63%
ROCE 3.92%
ROIC 2.21%
ROICexc 2.51%
ROICexgc 2.9%
OM 2.52%
PM (TTM) 0.77%
GM 17.8%
FCFM 3.32%
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-Score5
Asset Turnover1
Health
Industry RankSector Rank
Debt/Equity 0.31
Debt/FCF 6.98
Debt/EBITDA 1.75
Cap/Depr 127.94%
Cap/Sales 7.33%
Interest Coverage 2.39
Cash Conversion 129%
Profit Quality 431.93%
Current Ratio 1.35
Quick Ratio 0.53
Altman-Z 2.44
F-Score5
WACC8.46%
ROIC/WACC0.26
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)390.61%
EPS 3Y-50.53%
EPS 5YN/A
EPS Q2Q%-48.37%
EPS Next Y168.57%
EPS Next 2Y103.17%
EPS Next 3Y68.29%
EPS Next 5Y40.86%
Revenue 1Y (TTM)-5.64%
Revenue growth 3Y1.8%
Revenue growth 5Y4.36%
Sales Q2Q%-6.33%
Revenue Next Year-4.15%
Revenue Next 2Y-0.43%
Revenue Next 3Y0.63%
Revenue Next 5Y-1.53%
EBIT growth 1Y-17.8%
EBIT growth 3Y-27.41%
EBIT growth 5YN/A
EBIT Next Year162.93%
EBIT Next 3Y50.06%
EBIT Next 5Y33.23%
FCF growth 1Y-24.03%
FCF growth 3Y-19.09%
FCF growth 5Y-10.92%
OCF growth 1Y8.77%
OCF growth 3Y4.55%
OCF growth 5Y1.73%

VOESTALPINE AG / VAS.DE 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 6 / 10 to VOESTALPINE AG (VAS.DE). This can be considered as Fairly Valued.


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 43.88 and the Price/Book (PB) ratio is 1.1.


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 168.57% in the next year.