VOESTALPINE AG (VAS.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:VAS - AT0000937503 - Common Stock
34.2 EUR
-0.72 (-2.06%)
VAS gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 36 industry peers in the Metals & Mining industry. VAS may be in some trouble as it scores bad on both profitability and health. 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.
VAS had a positive operating cash flow in the past year.
Each year in the past 5 years VAS has been profitable.
VAS had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
VAS has a Return On Assets of 0.77%. This is in the lower half of the industry: VAS underperforms 61.54% of its industry peers.
With a Return On Equity value of 1.63%, VAS is not doing good in the industry: 64.10% of the companies in the same industry are doing better.
VAS has a Return On Invested Capital of 2.21%. This is in the lower half of the industry: VAS underperforms 69.23% of its industry peers.
VAS had an Average Return On Invested Capital over the past 3 years of 5.56%. This is below the industry average of 8.06%.
| 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 worse Profit Margin (0.77%) than 61.54% of its industry peers.
In the last couple of years the Profit Margin of VAS has declined.
VAS has a worse Operating Margin (2.52%) than 66.67% of its industry peers.
VAS's Operating Margin has declined in the last couple of years.
VAS has a Gross Margin of 17.80%. This is in the lower half of the industry: VAS underperforms 66.67% of its industry peers.
In the last couple of years the Gross Margin of VAS has remained more or less at the same level.
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VAS is destroying value.
VAS has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, VAS has less shares outstanding
The debt/assets ratio for VAS has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.30 indicates that VAS is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.30, VAS is in line with its industry, outperforming 51.28% of the companies in the same industry.
VAS has a debt to FCF ratio of 6.98. This is a slightly negative value and a sign of low solvency as VAS would need 6.98 years to pay back of 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.
VAS has a Debt to Equity ratio (0.31) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 6.98 | ||
| Altman-Z | 2.3 |
ROIC/WACC0.29
WACC7.57%
2.3 Liquidity
A Current Ratio of 1.35 indicates that VAS should not have too much problems paying its short term obligations.
VAS has a worse Current ratio (1.35) than 84.62% 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 Quick ratio of 0.53. This is amonst the worse of the industry: VAS underperforms 87.18% 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 1642.86%, which is quite impressive.
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.
Measured over the past years, VAS shows a small growth in Revenue. The Revenue has been growing by 4.36% on average per year.
EPS 1Y (TTM)1642.86%
EPS 3Y-50.53%
EPS 5YN/A
EPS Q2Q%260%
Revenue 1Y (TTM)-5.64%
Revenue growth 3Y1.8%
Revenue growth 5Y4.36%
Sales Q2Q%-5.31%
3.2 Future
VAS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 38.63% yearly.
Based on estimates for the next years, VAS will show a decrease in Revenue. The Revenue will decrease by -0.01% on average per year.
EPS Next Y149.56%
EPS Next 2Y88.28%
EPS Next 3Y60.2%
EPS Next 5Y38.63%
Revenue Next Year-3.31%
Revenue Next 2Y-0.25%
Revenue Next 3Y0.86%
Revenue Next 5Y-0.01%
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 31.67, the valuation of VAS can be described as expensive.
VAS's Price/Earnings ratio is in line with the industry average.
VAS's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 25.47.
The Price/Forward Earnings ratio is 10.96, which indicates a very decent valuation of VAS.
71.79% of the companies in the same industry are more expensive than VAS, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 34.42. VAS is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.67 | ||
| Fwd PE | 10.96 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, VAS is valued a bit cheaper than the industry average as 76.92% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, VAS is valued cheaper than 92.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.88 | ||
| EV/EBITDA | 5.51 |
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 60.20% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.21
PEG (5Y)N/A
EPS Next 2Y88.28%
EPS Next 3Y60.2%
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 2.77. VAS pays more dividend than 94.87% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, 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 2Y88.28%
EPS Next 3Y60.2%
FRA:VAS (11/21/2025, 7:00:00 PM)
34.2
-0.72 (-2.06%)
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 Cap6.11B
Revenue(TTM)15.74B
Net Income(TTM)119.00M
Analysts75.29
Price Target33.56 (-1.87%)
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)11.52%
PT rev (3m)15.23%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.26%
EPS NY rev (1m)-0.86%
EPS NY rev (3m)-1.96%
Revenue NQ rev (1m)-1.06%
Revenue NQ rev (3m)-1.06%
Revenue NY rev (1m)-0.79%
Revenue NY rev (3m)-1.02%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.67 | ||
| Fwd PE | 10.96 | ||
| P/S | 0.39 | ||
| P/FCF | 11.88 | ||
| P/OCF | 3.7 | ||
| P/B | 0.84 | ||
| P/tB | 1.02 | ||
| EV/EBITDA | 5.51 |
EPS(TTM)1.08
EY3.16%
EPS(NY)3.12
Fwd EY9.12%
FCF(TTM)2.88
FCFY8.42%
OCF(TTM)9.24
OCFY27.02%
SpS86.81
BVpS40.8
TBVpS33.49
PEG (NY)0.21
PEG (5Y)N/A
Graham Number31.49
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%
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 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 | 2.3 |
F-Score5
WACC7.57%
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)1642.86%
EPS 3Y-50.53%
EPS 5YN/A
EPS Q2Q%260%
EPS Next Y149.56%
EPS Next 2Y88.28%
EPS Next 3Y60.2%
EPS Next 5Y38.63%
Revenue 1Y (TTM)-5.64%
Revenue growth 3Y1.8%
Revenue growth 5Y4.36%
Sales Q2Q%-5.31%
Revenue Next Year-3.31%
Revenue Next 2Y-0.25%
Revenue Next 3Y0.86%
Revenue Next 5Y-0.01%
EBIT growth 1Y-17.8%
EBIT growth 3Y-27.41%
EBIT growth 5YN/A
EBIT Next Year160.47%
EBIT Next 3Y47.43%
EBIT Next 5Y33.24%
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.
What is the valuation status for VAS stock?
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 2 / 10.
What is the earnings growth outlook for VOESTALPINE AG?
The Earnings per Share (EPS) of VOESTALPINE AG (VAS.DE) is expected to grow by 149.56% in the next year.
How sustainable is the dividend of VOESTALPINE AG (VAS.DE) stock?
The dividend rating of VOESTALPINE AG (VAS.DE) is 5 / 10 and the dividend payout ratio is 100.84%.