VASTNED NV (VASTB.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:VASTB - BE0003754687 - REIT
30.2 EUR
-0.2 (-0.66%)
VASTB gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 41 industry peers in the Diversified REITs industry. VASTB has a medium profitability rating, but doesn't score so well on its financial health evaluation. VASTB has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
- In the past year VASTB was profitable.
- VASTB had a positive operating cash flow in the past year.
- Of the past 5 years VASTB 4 years were profitable.
- VASTB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 0.83%, VASTB is doing worse than 63.41% of the companies in the same industry.
- VASTB has a worse Return On Equity (1.52%) than 65.85% of its industry peers.
- VASTB has a Return On Invested Capital of 0.88%. This is amonst the worse of the industry: VASTB underperforms 85.37% of its industry peers.
- VASTB had an Average Return On Invested Capital over the past 3 years of 3.57%. This is in line with the industry average of 3.37%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.83% | ||
| ROE | 1.52% | ||
| ROIC | 0.88% |
ROA(3y)3.79%
ROA(5y)2.02%
ROE(3y)5.32%
ROE(5y)2.83%
ROIC(3y)3.57%
ROIC(5y)3.48%
1.3 Margins
- VASTB has a Profit Margin of 58.39%. This is in the better half of the industry: VASTB outperforms 70.73% of its industry peers.
- In the last couple of years the Profit Margin of VASTB has grown nicely.
- With a Operating Margin value of 72.59%, VASTB perfoms like the industry average, outperforming 56.10% of the companies in the same industry.
- In the last couple of years the Operating Margin of VASTB has declined.
- VASTB has a better Gross Margin (92.60%) than 90.24% of its industry peers.
- In the last couple of years the Gross Margin of VASTB has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 72.59% | ||
| PM (TTM) | 58.39% | ||
| GM | 92.6% |
OM growth 3Y-5.41%
OM growth 5Y-3.34%
PM growth 3Y34.39%
PM growth 5Y21.05%
GM growth 3Y-0.57%
GM growth 5Y-0.47%
2. Health
2.1 Basic Checks
- VASTB has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- The number of shares outstanding for VASTB remains at a similar level compared to 1 year ago.
- VASTB has about the same amout of shares outstanding than it did 5 years ago.
- VASTB has a worse debt/assets ratio than last year.
2.2 Solvency
- VASTB has an Altman-Z score of 0.59. This is a bad value and indicates that VASTB is not financially healthy and even has some risk of bankruptcy.
- The Altman-Z score of VASTB (0.59) is worse than 65.85% of its industry peers.
- The Debt to FCF ratio of VASTB is 21.37, which is on the high side as it means it would take VASTB, 21.37 years of fcf income to pay off all of its debts.
- VASTB has a worse Debt to FCF ratio (21.37) than 60.98% of its industry peers.
- VASTB has a Debt/Equity ratio of 0.56. This is a neutral value indicating VASTB is somewhat dependend on debt financing.
- VASTB has a Debt to Equity ratio of 0.56. This is in the better half of the industry: VASTB outperforms 70.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 21.37 | ||
| Altman-Z | 0.59 |
ROIC/WACC0.12
WACC7.22%
2.3 Liquidity
- A Current Ratio of 0.11 indicates that VASTB may have some problems paying its short term obligations.
- VASTB has a Current ratio of 0.11. This is amonst the worse of the industry: VASTB underperforms 85.37% of its industry peers.
- A Quick Ratio of 0.11 indicates that VASTB may have some problems paying its short term obligations.
- VASTB has a Quick ratio of 0.11. This is amonst the worse of the industry: VASTB underperforms 85.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.11 | ||
| Quick Ratio | 0.11 |
3. Growth
3.1 Past
- VASTB shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -5.73%.
- The Earnings Per Share has been growing by 19.77% on average over the past years. This is quite good.
- VASTB shows a decrease in Revenue. In the last year, the revenue decreased by -1.52%.
- The Revenue has been decreasing by -1.05% on average over the past years.
EPS 1Y (TTM)-5.73%
EPS 3Y37.52%
EPS 5Y19.77%
EPS Q2Q%86.35%
Revenue 1Y (TTM)-1.52%
Revenue growth 3Y2.33%
Revenue growth 5Y-1.05%
Sales Q2Q%617.7%
3.2 Future
- Based on estimates for the next years, VASTB will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.63% on average per year.
- Based on estimates for the next years, VASTB will show a small growth in Revenue. The Revenue will grow by 2.33% on average per year.
EPS Next Y77.3%
EPS Next 2Y14.84%
EPS Next 3Y10.63%
EPS Next 5YN/A
Revenue Next Year1.93%
Revenue Next 2Y2.43%
Revenue Next 3Y2.33%
Revenue Next 5YN/A
3.3 Evolution
- The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past 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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 14.38 indicates a correct valuation of VASTB.
- Compared to the rest of the industry, the Price/Earnings ratio of VASTB is on the same level as its industry peers.
- VASTB's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.25.
- With a Price/Forward Earnings ratio of 12.02, VASTB is valued correctly.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of VASTB is on the same level as its industry peers.
- The average S&P500 Price/Forward Earnings ratio is at 25.98. VASTB is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.38 | ||
| Fwd PE | 12.02 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of VASTB indicates a slightly more expensive valuation: VASTB is more expensive than 78.05% of the companies listed in the same industry.
- VASTB's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. VASTB is more expensive than 78.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.79 | ||
| EV/EBITDA | 80.79 |
4.3 Compensation for Growth
- VASTB's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.19
PEG (5Y)0.73
EPS Next 2Y14.84%
EPS Next 3Y10.63%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 4.12%, VASTB is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 5.41, VASTB is paying slightly less dividend.
- VASTB's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.12% |
5.2 History
- On average, the dividend of VASTB grows each year by 10.30%, which is quite nice.
Dividend Growth(5Y)10.3%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
- 128.76% of the earnings are spent on dividend by VASTB. This is not a sustainable payout ratio.
- The dividend of VASTB is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP128.76%
EPS Next 2Y14.84%
EPS Next 3Y10.63%
VASTNED NV / VASTB.BR FAQ
What is the fundamental rating for VASTB stock?
ChartMill assigns a fundamental rating of 3 / 10 to VASTB.BR.
What is the valuation status of VASTNED NV (VASTB.BR) stock?
ChartMill assigns a valuation rating of 4 / 10 to VASTNED NV (VASTB.BR). This can be considered as Fairly Valued.
How profitable is VASTNED NV (VASTB.BR) stock?
VASTNED NV (VASTB.BR) has a profitability rating of 4 / 10.
What are the PE and PB ratios of VASTNED NV (VASTB.BR) stock?
The Price/Earnings (PE) ratio for VASTNED NV (VASTB.BR) is 14.38 and the Price/Book (PB) ratio is 0.84.
Is the dividend of VASTNED NV sustainable?
The dividend rating of VASTNED NV (VASTB.BR) is 5 / 10 and the dividend payout ratio is 128.76%.