VOESTALPINE AG (VAS.DE) Stock Fundamental Analysis
Europe - FRA:VAS - AT0000937503 - Common Stock
31.58 EUR
-0.18 (-0.57%)
We assign a fundamental rating of 4 out of 10 to VAS. VAS was compared to 43 industry peers in the Metals & Mining industry. VAS has a bad profitability rating. Also its financial health evaluation is rather negative. VAS is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
VAS had positive earnings in the past year.
In the past year VAS had a positive cash flow from operations.
In the past 5 years VAS has always been profitable.
Each year in the past 5 years VAS had a positive operating cash flow.
1.2 Ratios
The Return On Assets of VAS (0.77%) is comparable to the rest of the industry.
VAS has a Return On Equity (1.63%) which is in line with its industry peers.
Looking at the Return On Invested Capital, with a value of 2.21%, VAS is doing worse than 62.79% of the companies in the same industry.
VAS had an Average Return On Invested Capital over the past 3 years of 5.56%. This is below the industry average of 7.70%.
| Industry Rank | Sector 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%
1.3 Margins
VAS has a Profit Margin of 0.77%. This is comparable to the rest of the industry: VAS outperforms 41.86% of its industry peers.
VAS's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 2.52%, VAS is doing worse than 62.79% of the companies in the same industry.
In the last couple of years the Operating Margin of VAS has declined.
With a Gross Margin value of 17.80%, VAS is not doing good in the industry: 60.47% of the companies in the same industry are doing better.
VAS's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), VAS is destroying value.
Compared to 1 year ago, VAS has about the same amount of shares outstanding.
VAS has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, VAS has an improved debt to assets ratio.
2.2 Solvency
VAS has an Altman-Z score of 2.27. 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.
The Altman-Z score of VAS (2.27) is comparable to the rest of the industry.
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 (6.98) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.31 indicates that VAS is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.31, VAS perfoms like the industry average, outperforming 44.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 6.98 | ||
| Altman-Z | 2.27 |
ROIC/WACC0.29
WACC7.52%
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.
The Current ratio of VAS (1.35) is worse than 81.40% of its industry peers.
A Quick Ratio of 0.53 indicates that VAS may have some problems paying its short term obligations.
VAS's Quick ratio of 0.53 is on the low side compared to the rest of the industry. VAS is outperformed by 86.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.35 | ||
| Quick Ratio | 0.53 |
3. Growth
3.1 Past
VAS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 109.09%, which is quite impressive.
The earnings per share for VAS have been decreasing by -50.53% on average. This is quite bad
VAS shows a decrease in Revenue. In the last year, the revenue decreased by -5.40%.
VAS shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.36% yearly.
EPS 1Y (TTM)109.09%
EPS 3Y-50.53%
EPS 5YN/A
EPS Q2Q%-24.68%
Revenue 1Y (TTM)-5.4%
Revenue growth 3Y1.8%
Revenue growth 5Y4.36%
Sales Q2Q%-5.89%
3.2 Future
VAS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 37.97% yearly.
VAS is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.49% yearly.
EPS Next Y151.73%
EPS Next 2Y86.49%
EPS Next 3Y57.64%
EPS Next 5Y37.97%
Revenue Next Year-2.54%
Revenue Next 2Y0.03%
Revenue Next 3Y0.78%
Revenue Next 5Y-0.49%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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.
4. Valuation
4.1 Price/Earnings Ratio
VAS is valuated quite expensively with a Price/Earnings ratio of 45.77.
VAS's Price/Earnings ratio is in line with the industry average.
VAS is valuated expensively when we compare the Price/Earnings ratio to 27.31, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 10.32, which indicates a very decent valuation of VAS.
Based on the Price/Forward Earnings ratio, VAS is valued a bit cheaper than the industry average as 72.09% of the companies are valued more expensively.
VAS is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.85, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.77 | ||
| Fwd PE | 10.32 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, VAS is valued a bit cheaper than 79.07% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, VAS is valued cheaply inside the industry as 90.70% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.97 | ||
| EV/EBITDA | 5.15 |
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 57.64% in the coming years.
PEG (NY)0.3
PEG (5Y)N/A
EPS Next 2Y86.49%
EPS Next 3Y57.64%
5. Dividend
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 2.81. VAS pays more dividend than 93.02% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, VAS pays a better dividend.
| Industry Rank | Sector 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
5.3 Sustainability
100.84% of the earnings are spent on dividend by VAS. This is not a sustainable payout ratio.
DP100.84%
EPS Next 2Y86.49%
EPS Next 3Y57.64%
FRA:VAS (10/16/2025, 7:00:00 PM)
31.58
-0.18 (-0.57%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners23.46%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap5.64B
Analysts75.29
Price Target30.09 (-4.72%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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)-47.03%
EPS beat(12)2
Avg EPS beat(12)-37.76%
EPS beat(16)6
Avg EPS beat(16)-21.46%
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)-1.94%
Revenue beat(12)5
Avg Revenue beat(12)0.92%
Revenue beat(16)7
Avg Revenue beat(16)0.17%
PT rev (1m)2.12%
PT rev (3m)8.67%
EPS NQ rev (1m)0%
EPS NQ rev (3m)68.62%
EPS NY rev (1m)-1.11%
EPS NY rev (3m)-5.82%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.95%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)-5.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.77 | ||
| Fwd PE | 10.32 | ||
| P/S | 0.36 | ||
| P/FCF | 10.97 | ||
| P/OCF | 3.42 | ||
| P/B | 0.77 | ||
| P/tB | 0.94 | ||
| EV/EBITDA | 5.15 |
EPS(TTM)0.69
EY2.18%
EPS(NY)3.06
Fwd EY9.69%
FCF(TTM)2.88
FCFY9.12%
OCF(TTM)9.24
OCFY29.26%
SpS86.81
BVpS40.8
TBVpS33.49
PEG (NY)0.3
PEG (5Y)N/A
Profitability
| Industry Rank | Sector 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%
ROICexcg growth 3Y-25.66%
ROICexcg 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 Rank | Sector 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 | 2.27 |
F-Score5
WACC7.52%
ROIC/WACC0.29
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)109.09%
EPS 3Y-50.53%
EPS 5YN/A
EPS Q2Q%-24.68%
EPS Next Y151.73%
EPS Next 2Y86.49%
EPS Next 3Y57.64%
EPS Next 5Y37.97%
Revenue 1Y (TTM)-5.4%
Revenue growth 3Y1.8%
Revenue growth 5Y4.36%
Sales Q2Q%-5.89%
Revenue Next Year-2.54%
Revenue Next 2Y0.03%
Revenue Next 3Y0.78%
Revenue Next 5Y-0.49%
EBIT growth 1Y-17.8%
EBIT growth 3Y-27.41%
EBIT growth 5YN/A
EBIT Next Year160.47%
EBIT Next 3Y46.73%
EBIT Next 5Y32.61%
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%