VOESTALPINE AG (VAS.DE) Stock Fundamental Analysis
FRA:VAS - Deutsche Boerse Ag - AT0000937503 - Common Stock - Currency: EUR
VAS gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 40 industry peers in the Metals & Mining industry. There are concerns on the financial health of VAS while its profitability can be described as average. VAS has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year VAS was profitable.
In the past year VAS had a positive cash flow from operations.
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
VAS has a Return On Assets of 0.98%. This is comparable to the rest of the industry: VAS outperforms 45.00% of its industry peers.
VAS's Return On Equity of 2.12% is in line compared to the rest of the industry. VAS outperforms 45.00% of its industry peers.
VAS has a Return On Invested Capital (2.46%) which is comparable to the rest of the industry.
VAS had an Average Return On Invested Capital over the past 3 years of 5.56%. This is in line with the industry average of 7.42%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.98% | ||
| ROE | 2.12% | ||
| ROIC | 2.46% |
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
With a Profit Margin value of 0.97%, VAS perfoms like the industry average, outperforming 47.50% of the companies in the same industry.
VAS's Profit Margin has declined in the last couple of years.
VAS has a worse Operating Margin (2.85%) than 62.50% of its industry peers.
In the last couple of years the Operating Margin of VAS has declined.
With a Gross Margin value of 18.03%, VAS perfoms like the industry average, outperforming 42.50% of the companies in the same industry.
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 | 2.85% | ||
| PM (TTM) | 0.97% | ||
| GM | 18.03% |
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.
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
The debt/assets ratio for VAS has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.22 indicates that VAS is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of VAS (2.22) is comparable to the rest of the industry.
VAS has a debt to FCF ratio of 11.17. This is a negative value and a sign of low solvency as VAS would need 11.17 years to pay back of all of its debts.
With a Debt to FCF ratio value of 11.17, VAS perfoms like the industry average, outperforming 45.00% of the companies in the same industry.
VAS has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of VAS (0.37) is worse than 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 11.17 | ||
| Altman-Z | 2.22 |
ROIC/WACC0.32
WACC7.66%
2.3 Liquidity
VAS has a Current Ratio of 1.44. 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 Current ratio of 1.44. This is in the lower half of the industry: VAS underperforms 70.00% of its industry peers.
VAS has a Quick Ratio of 1.44. 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 0.55, VAS is doing worse than 85.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.44 | ||
| Quick Ratio | 0.55 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 49.15% over the past year.
VAS shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -50.53% yearly.
The Revenue has decreased by -5.64% in the past year.
The Revenue has been growing slightly by 4.36% on average over the past years.
EPS 1Y (TTM)49.15%
EPS 3Y-50.53%
EPS 5YN/A
EPS Q2Q%87.86%
Revenue 1Y (TTM)-5.64%
Revenue growth 3Y1.8%
Revenue growth 5Y4.36%
Sales Q2Q%-6.85%
3.2 Future
VAS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 31.55% yearly.
The Revenue is expected to decrease by -0.77% on average over the next years.
EPS Next Y167.29%
EPS Next 2Y89.43%
EPS Next 3Y56.22%
EPS Next 5Y31.55%
Revenue Next Year3.08%
Revenue Next 2Y2.78%
Revenue Next 3Y0.9%
Revenue Next 5Y-0.77%
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
A Price/Earnings ratio of 28.36 indicates a quite expensive valuation of VAS.
The rest of the industry has a similar Price/Earnings ratio as VAS.
When comparing the Price/Earnings ratio of VAS to the average of the S&P500 Index (27.52), we can say VAS is valued inline with the index average.
A Price/Forward Earnings ratio of 10.61 indicates a reasonable valuation of VAS.
Based on the Price/Forward Earnings ratio, VAS is valued a bit cheaper than the industry average as 72.50% of the companies are valued more expensively.
VAS is valuated cheaply when we compare the Price/Forward Earnings ratio to 35.58, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.36 | ||
| Fwd PE | 10.61 |
4.2 Price Multiples
VAS's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. VAS is cheaper than 75.00% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, VAS is valued cheaper than 87.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.29 | ||
| EV/EBITDA | 4.35 |
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 56.22% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.17
PEG (5Y)N/A
EPS Next 2Y89.43%
EPS Next 3Y56.22%
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 3.08, VAS pays a better dividend. On top of this VAS pays more dividend than 90.00% 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 2.35.
| 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
78.18% of the earnings are spent on dividend by VAS. This is not a sustainable payout ratio.
DP78.18%
EPS Next 2Y89.43%
EPS Next 3Y56.22%
FRA:VAS (7/14/2025, 7:00:00 PM)
24.96
-0.5 (-1.96%)
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 Cap4.46B
Analysts75.29
Price Target27.69 (10.94%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.75% |
Yearly Dividend0.7
Dividend Growth(5Y)-10.86%
DP78.18%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-85.94%
Min EPS beat(2)-172.05%
Max EPS beat(2)0.17%
EPS beat(4)1
Avg EPS beat(4)-60.08%
Min EPS beat(4)-172.05%
Max EPS beat(4)0.17%
EPS beat(8)1
Avg EPS beat(8)-48.21%
EPS beat(12)3
Avg EPS beat(12)-34.17%
EPS beat(16)7
Avg EPS beat(16)-19.59%
Revenue beat(2)0
Avg Revenue beat(2)-1.71%
Min Revenue beat(2)-2.48%
Max Revenue beat(2)-0.93%
Revenue beat(4)1
Avg Revenue beat(4)-1.91%
Min Revenue beat(4)-5%
Max Revenue beat(4)0.77%
Revenue beat(8)2
Avg Revenue beat(8)-1.54%
Revenue beat(12)6
Avg Revenue beat(12)1.55%
Revenue beat(16)7
Avg Revenue beat(16)0.01%
PT rev (1m)2.57%
PT rev (3m)3.42%
EPS NQ rev (1m)63.29%
EPS NQ rev (3m)63.29%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.64%
Revenue NQ rev (1m)1.55%
Revenue NQ rev (3m)1.55%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.52%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.36 | ||
| Fwd PE | 10.61 | ||
| P/S | 0.28 | ||
| P/FCF | 14.29 | ||
| P/OCF | 3.14 | ||
| P/B | 0.62 | ||
| P/tB | 0.75 | ||
| EV/EBITDA | 4.35 |
EPS(TTM)0.88
EY3.53%
EPS(NY)2.35
Fwd EY9.42%
FCF(TTM)1.75
FCFY7%
OCF(TTM)7.96
OCFY31.87%
SpS88.18
BVpS40.46
TBVpS33.13
PEG (NY)0.17
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.98% | ||
| ROE | 2.12% | ||
| ROCE | 4.31% | ||
| ROIC | 2.46% | ||
| ROICexc | 2.73% | ||
| ROICexgc | 3.13% | ||
| OM | 2.85% | ||
| PM (TTM) | 0.97% | ||
| GM | 18.03% | ||
| FCFM | 1.98% |
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-Score6
Asset Turnover1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 11.17 | ||
| Debt/EBITDA | 1.98 | ||
| Cap/Depr | 124.84% | ||
| Cap/Sales | 7.04% | ||
| Interest Coverage | 2.56 | ||
| Cash Conversion | 106.23% | ||
| Profit Quality | 203.19% | ||
| Current Ratio | 1.44 | ||
| Quick Ratio | 0.55 | ||
| Altman-Z | 2.22 |
F-Score6
WACC7.66%
ROIC/WACC0.32
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)49.15%
EPS 3Y-50.53%
EPS 5YN/A
EPS Q2Q%87.86%
EPS Next Y167.29%
EPS Next 2Y89.43%
EPS Next 3Y56.22%
EPS Next 5Y31.55%
Revenue 1Y (TTM)-5.64%
Revenue growth 3Y1.8%
Revenue growth 5Y4.36%
Sales Q2Q%-6.85%
Revenue Next Year3.08%
Revenue Next 2Y2.78%
Revenue Next 3Y0.9%
Revenue Next 5Y-0.77%
EBIT growth 1Y-19.3%
EBIT growth 3Y-27.41%
EBIT growth 5YN/A
EBIT Next Year174.19%
EBIT Next 3Y45.47%
EBIT Next 5Y31.65%
FCF growth 1Y-14.78%
FCF growth 3Y-19.09%
FCF growth 5Y-10.92%
OCF growth 1Y-1.89%
OCF growth 3Y4.55%
OCF growth 5Y1.73%