VOESTALPINE AG (VAS.DE) Stock Fundamental Analysis
Europe - FRA:VAS - AT0000937503 - Common Stock
28.7 EUR
-0.12 (-0.42%)
Overall VAS gets a fundamental rating of 4 out of 10. We evaluated VAS against 38 industry peers in the Metals & Mining industry. Both the profitability and financial health of VAS have multiple concerns. VAS is not valued too expensively and it also shows a decent growth rate.
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.
Each year in the past 5 years VAS had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.77%, VAS is doing worse than 60.53% of the companies in the same industry.
VAS has a Return On Equity of 1.63%. This is in the lower half of the industry: VAS underperforms 63.16% of its industry peers.
The Return On Invested Capital of VAS (2.21%) is worse than 68.42% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for VAS is below the industry average of 8.13%.
| 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's Profit Margin of 0.77% is on the low side compared to the rest of the industry. VAS is outperformed by 63.16% of its industry peers.
VAS's Profit Margin has declined in the last couple of years.
VAS has a worse Operating Margin (2.52%) than 68.42% of its industry peers.
In the last couple of years the Operating Margin of VAS has declined.
VAS's Gross Margin of 17.80% is on the low side compared to the rest of the industry. VAS is outperformed by 63.16% 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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 2.23 indicates that VAS is not a great score, but indicates only limited risk for bankruptcy at the moment.
VAS's Altman-Z score of 2.23 is in line compared to the rest of the industry. VAS outperforms 57.89% 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 (6.98) which is in line with its industry peers.
A Debt/Equity ratio of 0.31 indicates that VAS is not too dependend on debt financing.
The Debt to Equity ratio of VAS (0.31) is worse than 60.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 6.98 | ||
| Altman-Z | 2.23 |
ROIC/WACC0.28
WACC7.8%
2.3 Liquidity
A Current Ratio of 1.35 indicates that VAS should not have too much problems paying its short term obligations.
With a Current ratio value of 1.35, VAS is not doing good in the industry: 81.58% of the companies in the same industry are doing better.
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 86.84% 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.
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 -5.40% in the last year.
The Revenue has been growing slightly by 4.36% on average over the past years.
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
Based on estimates for the next years, VAS will show a very strong growth in Earnings Per Share. The EPS will grow by 38.12% on average per year.
Based on estimates for the next years, VAS will show a decrease in Revenue. The Revenue will decrease by -0.38% on average per year.
EPS Next Y154.56%
EPS Next 2Y85.63%
EPS Next 3Y57.87%
EPS Next 5Y38.12%
Revenue Next Year-2.52%
Revenue Next 2Y0.04%
Revenue Next 3Y0.35%
Revenue Next 5Y-0.38%
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
VAS is valuated quite expensively with a Price/Earnings ratio of 41.59.
VAS's Price/Earnings is on the same level as the industry average.
VAS is valuated expensively when we compare the Price/Earnings ratio to 27.27, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 9.46, the valuation of VAS can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of VAS indicates a somewhat cheap valuation: VAS is cheaper than 76.32% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of VAS to the average of the S&P500 Index (22.77), we can say VAS is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.59 | ||
| Fwd PE | 9.46 |
4.2 Price Multiples
76.32% of the companies in the same industry are more expensive than VAS, based on the Enterprise Value to EBITDA ratio.
VAS's Price/Free Cash Flow ratio is rather cheap when compared to the industry. VAS is cheaper than 92.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.97 | ||
| EV/EBITDA | 4.76 |
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 57.87% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.27
PEG (5Y)N/A
EPS Next 2Y85.63%
EPS Next 3Y57.87%
5. Dividend
5.1 Amount
VAS has a Yearly Dividend Yield of 5.75%, which is a nice return.
Compared to an average industry Dividend Yield of 2.77, VAS pays a better dividend. On top of this VAS pays more dividend than 86.84% of the companies listed in the same industry.
VAS's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| 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
VAS pays out 100.84% of its income as dividend. This is not a sustainable payout ratio.
DP100.84%
EPS Next 2Y85.63%
EPS Next 3Y57.87%
FRA:VAS (9/15/2025, 7:00:00 PM)
28.7
-0.12 (-0.42%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners22.48%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap5.12B
Analysts75.29
Price Target29.46 (2.65%)
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)4.22%
PT rev (3m)9.14%
EPS NQ rev (1m)4.83%
EPS NQ rev (3m)86.12%
EPS NY rev (1m)-4.76%
EPS NY rev (3m)-4.76%
Revenue NQ rev (1m)-0.32%
Revenue NQ rev (3m)2.96%
Revenue NY rev (1m)-0.56%
Revenue NY rev (3m)-5.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.59 | ||
| Fwd PE | 9.46 | ||
| P/S | 0.33 | ||
| P/FCF | 9.97 | ||
| P/OCF | 3.11 | ||
| P/B | 0.7 | ||
| P/tB | 0.86 | ||
| EV/EBITDA | 4.76 |
EPS(TTM)0.69
EY2.4%
EPS(NY)3.03
Fwd EY10.57%
FCF(TTM)2.88
FCFY10.03%
OCF(TTM)9.24
OCFY32.2%
SpS86.81
BVpS40.8
TBVpS33.49
PEG (NY)0.27
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 | 2.23 |
F-Score5
WACC7.8%
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)109.09%
EPS 3Y-50.53%
EPS 5YN/A
EPS Q2Q%-24.68%
EPS Next Y154.56%
EPS Next 2Y85.63%
EPS Next 3Y57.87%
EPS Next 5Y38.12%
Revenue 1Y (TTM)-5.4%
Revenue growth 3Y1.8%
Revenue growth 5Y4.36%
Sales Q2Q%-5.89%
Revenue Next Year-2.52%
Revenue Next 2Y0.04%
Revenue Next 3Y0.35%
Revenue Next 5Y-0.38%
EBIT growth 1Y-17.8%
EBIT growth 3Y-27.41%
EBIT growth 5YN/A
EBIT Next Year174.19%
EBIT Next 3Y45.94%
EBIT Next 5Y32.76%
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%