VOESTALPINE AG (VAS.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:VAS • AT0000937503

42.7 EUR
+0.7 (+1.67%)
Last: Feb 6, 2026, 07:00 PM
Fundamental Rating

4

VAS gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 44 industry peers in the Metals & Mining industry. VAS may be in some trouble as it scores bad on both profitability and health. A decent growth rate in combination with a cheap valuation! Better keep an eye on VAS.


Dividend Valuation Growth Profitability Health

2

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.
  • VAS had positive earnings in each of the past 5 years.
  • 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

  • The Return On Assets of VAS (0.77%) is worse than 65.91% of its industry peers.
  • VAS has a worse Return On Equity (1.63%) than 65.91% of its industry peers.
  • VAS has a Return On Invested Capital of 2.21%. This is in the lower half of the industry: VAS underperforms 65.91% 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 7.77%.
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

  • With a Profit Margin value of 0.77%, VAS is not doing good in the industry: 65.91% of the companies in the same industry are doing better.
  • VAS's Profit Margin has declined in the last couple of years.
  • With a Operating Margin value of 2.52%, VAS is not doing good in the industry: 63.64% 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 of 17.80%. This is in the lower half of the industry: VAS underperforms 63.64% 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 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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

3

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.
  • Compared to 5 years ago, VAS has less shares outstanding
  • 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

  • VAS has an Altman-Z score of 2.40. 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's Altman-Z score of 2.40 is in line compared to the rest of the industry. VAS outperforms 52.27% 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.
  • With a Debt to FCF ratio value of 6.98, VAS perfoms like the industry average, outperforming 54.55% of the companies in the same 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 of 0.31. This is comparable to the rest of the industry: VAS outperforms 43.18% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.31
Debt/FCF 6.98
Altman-Z 2.4
ROIC/WACC0.28
WACC7.97%
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 has a worse Current ratio (1.35) than 84.09% 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's Quick ratio of 0.53 is on the low side compared to the rest of the industry. VAS is outperformed by 88.64% 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

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

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.
  • The earnings per share for VAS have been decreasing by -50.53% on average. This is quite bad
  • The Revenue has decreased by -5.64% in the past 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

  • The Earnings Per Share is expected to grow by 41.54% 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 -1.05% yearly.
EPS Next Y168.57%
EPS Next 2Y103.17%
EPS Next 3Y68.29%
EPS Next 5Y41.54%
Revenue Next Year-4.15%
Revenue Next 2Y-0.43%
Revenue Next 3Y0.63%
Revenue Next 5Y-1.05%

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.
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

More info and screens

Find the best growth stocksShow best growing peers

7

4. Valuation

4.1 Price/Earnings Ratio

  • VAS is valuated quite expensively with a Price/Earnings ratio of 39.54.
  • Compared to the rest of the industry, the Price/Earnings ratio of VAS is on the same level as its industry peers.
  • VAS is valuated rather expensively when we compare the Price/Earnings ratio to 27.92, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 11.75, which indicates a very decent valuation of VAS.
  • Based on the Price/Forward Earnings ratio, VAS is valued cheaper than 90.91% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.78, VAS is valued rather cheaply.
Industry RankSector Rank
PE 39.54
Fwd PE 11.75
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

  • 81.82% of the companies in the same industry are more expensive than VAS, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, VAS is valued cheaper than 90.91% of the companies in the same industry.
Industry RankSector Rank
P/FCF 14.83
EV/EBITDA 6.6
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.
  • VAS's earnings are expected to grow with 68.29% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.23
PEG (5Y)N/A
EPS Next 2Y103.17%
EPS Next 3Y68.29%

More info and screens

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.
  • Compared to an average industry Dividend Yield of 1.63, VAS pays a better dividend. On top of this VAS pays more dividend than 95.45% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.83, 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

  • 100.84% of the earnings are spent on dividend by VAS. 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

More info and screens

Find the best dividend stocksShow peers with best dividend

VOESTALPINE AG

FRA:VAS (2/6/2026, 7:00:00 PM)

42.7

+0.7 (+1.67%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-12
Earnings (Next)02-11
Inst Owners23.03%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap7.62B
Revenue(TTM)15.74B
Net Income(TTM)119.00M
Analysts77.5
Price Target37.79 (-11.5%)
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)0%
PT rev (3m)17.85%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)1.52%
EPS NY rev (3m)6.69%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.11%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.65%
Valuation
Industry RankSector Rank
PE 39.54
Fwd PE 11.75
P/S 0.49
P/FCF 14.83
P/OCF 4.62
P/B 1.05
P/tB 1.27
EV/EBITDA 6.6
EPS(TTM)1.08
EY2.53%
EPS(NY)3.63
Fwd EY8.51%
FCF(TTM)2.88
FCFY6.74%
OCF(TTM)9.24
OCFY21.64%
SpS86.81
BVpS40.8
TBVpS33.49
PEG (NY)0.23
PEG (5Y)N/A
Graham Number31.49
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 2.4
F-Score5
WACC7.97%
ROIC/WACC0.28
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 Y168.57%
EPS Next 2Y103.17%
EPS Next 3Y68.29%
EPS Next 5Y41.54%
Revenue 1Y (TTM)-5.64%
Revenue growth 3Y1.8%
Revenue growth 5Y4.36%
Sales Q2Q%-5.31%
Revenue Next Year-4.15%
Revenue Next 2Y-0.43%
Revenue Next 3Y0.63%
Revenue Next 5Y-1.05%
EBIT growth 1Y-17.8%
EBIT growth 3Y-27.41%
EBIT growth 5YN/A
EBIT Next Year162.93%
EBIT Next 3Y50.06%
EBIT Next 5Y33.87%
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 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 2 / 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 39.54 and the Price/Book (PB) ratio is 1.05.


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.