VOESTALPINE AG (VAS.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:VAS - AT0000937503 - Common Stock
38.9 EUR
-0.04 (-0.1%)
Overall VAS gets a fundamental rating of 4 out of 10. We evaluated VAS against 40 industry peers in the Metals & Mining industry. Both the profitability and financial health of VAS have multiple concerns. VAS has a correct valuation and a medium 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.
Each year in the past 5 years VAS has been profitable.
Each year in the past 5 years VAS had a positive operating cash flow.
1.2 Ratios
VAS's Return On Assets of 0.77% is on the low side compared to the rest of the industry. VAS is outperformed by 61.11% of its industry peers.
Looking at the Return On Equity, with a value of 1.63%, VAS is doing worse than 63.89% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 2.21%, VAS is doing worse than 66.67% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for VAS is below the industry average of 7.89%.
| 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
The Profit Margin of VAS (0.77%) is worse than 61.11% of its industry peers.
In the last couple of years the Profit Margin of VAS has declined.
Looking at the Operating Margin, with a value of 2.52%, VAS is doing worse than 63.89% of the companies in the same industry.
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 61.11% of its industry peers.
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.
The number of shares outstanding for VAS remains at a similar level compared to 1 year ago.
Compared to 5 years ago, VAS has less shares outstanding
VAS has a better debt/assets ratio than last year.
2.2 Solvency
VAS has an Altman-Z score of 2.36. 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 2.36 is in line compared to the rest of the industry. VAS outperforms 52.78% 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 55.56% 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 (0.31) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 6.98 | ||
| Altman-Z | 2.36 |
ROIC/WACC0.27
WACC8.24%
2.3 Liquidity
A Current Ratio of 1.35 indicates that VAS should not have too much problems paying its short term obligations.
The Current ratio of VAS (1.35) is worse than 86.11% 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.
Looking at the Quick ratio, with a value of 0.53, VAS is doing worse than 91.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.35 | ||
| Quick Ratio | 0.53 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 1642.86% over the past year.
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 -5.64%.
VAS shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.36% yearly.
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 42.05% 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 -0.69% yearly.
EPS Next Y161.83%
EPS Next 2Y98.86%
EPS Next 3Y65.62%
EPS Next 5Y42.05%
Revenue Next Year-4.2%
Revenue Next 2Y-0.44%
Revenue Next 3Y0.54%
Revenue Next 5Y-0.69%
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 36.02, the valuation of VAS can be described as expensive.
VAS's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 26.56. VAS is valued slightly more expensive when compared to this.
Based on the Price/Forward Earnings ratio of 11.18, the valuation of VAS can be described as reasonable.
Based on the Price/Forward Earnings ratio, VAS is valued a bit cheaper than the industry average as 77.78% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of VAS to the average of the S&P500 Index (23.79), we can say VAS is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.02 | ||
| Fwd PE | 11.18 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, VAS is valued a bit cheaper than 77.78% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, VAS is valued cheaply inside the industry as 91.67% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.51 | ||
| EV/EBITDA | 6.17 |
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.
A more expensive valuation may be justified as VAS's earnings are expected to grow with 65.62% in the coming years.
PEG (NY)0.22
PEG (5Y)N/A
EPS Next 2Y98.86%
EPS Next 3Y65.62%
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 1.97, VAS pays a better dividend. On top of this VAS pays more dividend than 94.44% 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 1.87.
| 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 2Y98.86%
EPS Next 3Y65.62%
FRA:VAS (12/12/2025, 7:00:00 PM)
38.9
-0.04 (-0.1%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners22.96%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap6.95B
Revenue(TTM)15.74B
Net Income(TTM)119.00M
Analysts78.75
Price Target37.79 (-2.85%)
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)17.85%
PT rev (3m)28.25%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.26%
EPS NY rev (1m)4.91%
EPS NY rev (3m)2.86%
Revenue NQ rev (1m)-0.11%
Revenue NQ rev (3m)-1.06%
Revenue NY rev (1m)-0.92%
Revenue NY rev (3m)-1.72%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.02 | ||
| Fwd PE | 11.18 | ||
| P/S | 0.45 | ||
| P/FCF | 13.51 | ||
| P/OCF | 4.21 | ||
| P/B | 0.95 | ||
| P/tB | 1.16 | ||
| EV/EBITDA | 6.17 |
EPS(TTM)1.08
EY2.78%
EPS(NY)3.48
Fwd EY8.95%
FCF(TTM)2.88
FCFY7.4%
OCF(TTM)9.24
OCFY23.76%
SpS86.81
BVpS40.8
TBVpS33.49
PEG (NY)0.22
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 | 2.36 |
F-Score5
WACC8.24%
ROIC/WACC0.27
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 Y161.83%
EPS Next 2Y98.86%
EPS Next 3Y65.62%
EPS Next 5Y42.05%
Revenue 1Y (TTM)-5.64%
Revenue growth 3Y1.8%
Revenue growth 5Y4.36%
Sales Q2Q%-5.31%
Revenue Next Year-4.2%
Revenue Next 2Y-0.44%
Revenue Next 3Y0.54%
Revenue Next 5Y-0.69%
EBIT growth 1Y-17.8%
EBIT growth 3Y-27.41%
EBIT growth 5YN/A
EBIT Next Year162.05%
EBIT Next 3Y49.82%
EBIT Next 5Y34.36%
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 3 / 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 161.83% 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%.