VASTNED NV (VASTB.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:VASTB - BE0003754687 - REIT
30.6 EUR
+0.1 (+0.33%)
VASTB gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 42 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 it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- In the past year VASTB was profitable.
- In the past year VASTB had a positive cash flow from operations.
- VASTB had positive earnings in 4 of the past 5 years.
- VASTB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- The Return On Assets of VASTB (0.83%) is worse than 64.29% of its industry peers.
- Looking at the Return On Equity, with a value of 1.52%, VASTB is doing worse than 66.67% of the companies in the same industry.
- VASTB has a Return On Invested Capital of 0.88%. This is amonst the worse of the industry: VASTB underperforms 85.71% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for VASTB is in line with the industry average of 3.45%.
| 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
- Looking at the Profit Margin, with a value of 58.39%, VASTB is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
- 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 57.14% of the companies in the same industry.
- VASTB's Operating Margin has declined in the last couple of years.
- The Gross Margin of VASTB (92.60%) is better than 90.48% of its industry peers.
- VASTB's Gross Margin has been stable in the last couple of years.
| 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.
- Compared to 1 year ago, VASTB has about the same amount of shares outstanding.
- The number of shares outstanding for VASTB remains at a similar level compared to 5 years ago.
- The debt/assets ratio for VASTB is higher compared to a year ago.
2.2 Solvency
- Based on the Altman-Z score of 0.59, we must say that VASTB is in the distress zone and has some risk of bankruptcy.
- The Altman-Z score of VASTB (0.59) is worse than 66.67% of its industry peers.
- VASTB has a debt to FCF ratio of 21.37. This is a negative value and a sign of low solvency as VASTB would need 21.37 years to pay back of all of its debts.
- VASTB has a Debt to FCF ratio of 21.37. This is in the lower half of the industry: VASTB underperforms 61.90% of its industry peers.
- A Debt/Equity ratio of 0.56 indicates that VASTB is somewhat dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.56, VASTB is in the better half of the industry, outperforming 69.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 21.37 | ||
| Altman-Z | 0.59 |
ROIC/WACC0.12
WACC7.12%
2.3 Liquidity
- VASTB has a Current Ratio of 0.11. This is a bad value and indicates that VASTB is not financially healthy enough and could expect problems in meeting its short term obligations.
- VASTB's Current ratio of 0.11 is on the low side compared to the rest of the industry. VASTB is outperformed by 85.71% of its industry peers.
- VASTB has a Quick Ratio of 0.11. This is a bad value and indicates that VASTB is not financially healthy enough and could expect problems in meeting its short term obligations.
- Looking at the Quick ratio, with a value of 0.11, VASTB is doing worse than 85.71% of the companies in the same industry.
| 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%.
- VASTB shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 19.77% yearly.
- Looking at the last year, VASTB shows a decrease in Revenue. The Revenue has decreased by -1.52% in the last year.
- 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
- VASTB is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.20% yearly.
- VASTB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.33% yearly.
EPS Next Y78.11%
EPS Next 2Y17.98%
EPS Next 3Y14.2%
EPS Next 5YN/A
Revenue Next Year1.93%
Revenue Next 2Y2.43%
Revenue Next 3Y2.33%
Revenue Next 5YN/A
3.3 Evolution
- Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of 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
- With a Price/Earnings ratio of 14.57, VASTB is valued correctly.
- 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 27.47.
- The Price/Forward Earnings ratio is 11.54, which indicates a very decent valuation of VASTB.
- The rest of the industry has a similar Price/Forward Earnings ratio as VASTB.
- When comparing the Price/Forward Earnings ratio of VASTB to the average of the S&P500 Index (24.26), we can say VASTB is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.57 | ||
| Fwd PE | 11.54 |
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 78.57% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, VASTB is valued a bit more expensive than the industry average as 78.57% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.12 | ||
| EV/EBITDA | 80.93 |
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.
- A more expensive valuation may be justified as VASTB's earnings are expected to grow with 14.20% in the coming years.
PEG (NY)0.19
PEG (5Y)0.74
EPS Next 2Y17.98%
EPS Next 3Y14.2%
5. Dividend
5.1 Amount
- VASTB has a Yearly Dividend Yield of 4.16%, which is a nice return.
- Compared to an average industry Dividend Yield of 4.99, VASTB is paying slightly less dividend.
- Compared to an average S&P500 Dividend Yield of 1.89, VASTB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.16% |
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.
- VASTB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP128.76%
EPS Next 2Y17.98%
EPS Next 3Y14.2%
EBR:VASTB (1/16/2026, 7:00:00 PM)
30.6
+0.1 (+0.33%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)10-24 2025-10-24
Earnings (Next)02-27 2026-02-27
Inst Owners13.49%
Inst Owner ChangeN/A
Ins Owners44.93%
Ins Owner ChangeN/A
Market Cap595.78M
Revenue(TTM)18.23M
Net Income(TTM)10.64M
Analysts46
Price Target31.62 (3.33%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.16% |
Yearly Dividend4.65
Dividend Growth(5Y)10.3%
DP128.76%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)2.2%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)1.38%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.57 | ||
| Fwd PE | 11.54 | ||
| P/S | 32.69 | ||
| P/FCF | 25.12 | ||
| P/OCF | 24.62 | ||
| P/B | 0.85 | ||
| P/tB | 0.85 | ||
| EV/EBITDA | 80.93 |
EPS(TTM)2.1
EY6.86%
EPS(NY)2.65
Fwd EY8.67%
FCF(TTM)1.22
FCFY3.98%
OCF(TTM)1.24
OCFY4.06%
SpS0.94
BVpS36.07
TBVpS36.07
PEG (NY)0.19
PEG (5Y)0.74
Graham Number41.28
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.83% | ||
| ROE | 1.52% | ||
| ROCE | 1.17% | ||
| ROIC | 0.88% | ||
| ROICexc | 0.88% | ||
| ROICexgc | 0.88% | ||
| OM | 72.59% | ||
| PM (TTM) | 58.39% | ||
| GM | 92.6% | ||
| FCFM | 130.13% |
ROA(3y)3.79%
ROA(5y)2.02%
ROE(3y)5.32%
ROE(5y)2.83%
ROIC(3y)3.57%
ROIC(5y)3.48%
ROICexc(3y)3.58%
ROICexc(5y)3.49%
ROICexgc(3y)3.58%
ROICexgc(5y)3.49%
ROCE(3y)4.76%
ROCE(5y)4.64%
ROICexgc growth 3Y-4.16%
ROICexgc growth 5Y-2.55%
ROICexc growth 3Y-4.15%
ROICexc growth 5Y-2.54%
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%
F-Score3
Asset Turnover0.01
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 21.37 | ||
| Debt/EBITDA | 28.85 | ||
| Cap/Depr | 139.07% | ||
| Cap/Sales | 2.62% | ||
| Interest Coverage | 1.66 | ||
| Cash Conversion | 178.25% | ||
| Profit Quality | 222.87% | ||
| Current Ratio | 0.11 | ||
| Quick Ratio | 0.11 | ||
| Altman-Z | 0.59 |
F-Score3
WACC7.12%
ROIC/WACC0.12
Cap/Depr(3y)70.59%
Cap/Depr(5y)46.65%
Cap/Sales(3y)1.07%
Cap/Sales(5y)0.74%
Profit Quality(3y)101.93%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-5.73%
EPS 3Y37.52%
EPS 5Y19.77%
EPS Q2Q%86.35%
EPS Next Y78.11%
EPS Next 2Y17.98%
EPS Next 3Y14.2%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.52%
Revenue growth 3Y2.33%
Revenue growth 5Y-1.05%
Sales Q2Q%617.7%
Revenue Next Year1.93%
Revenue Next 2Y2.43%
Revenue Next 3Y2.33%
Revenue Next 5YN/A
EBIT growth 1Y-18.46%
EBIT growth 3Y-3.21%
EBIT growth 5Y-4.36%
EBIT Next Year15.91%
EBIT Next 3Y7.94%
EBIT Next 5YN/A
FCF growth 1Y70.3%
FCF growth 3Y-13.18%
FCF growth 5Y-7.5%
OCF growth 1Y73.18%
OCF growth 3Y-11.87%
OCF growth 5Y-6.94%
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 14.57 and the Price/Book (PB) ratio is 0.85.
Is the dividend of VASTNED NV sustainable?
The dividend rating of VASTNED NV (VASTB.BR) is 6 / 10 and the dividend payout ratio is 128.76%.