VASTNED NV (VASTB.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:VASTB - BE0003754687 - REIT
30.2 EUR
0 (0%)
Overall VASTB gets a fundamental rating of 3 out of 10. We evaluated VASTB against 41 industry peers in the Diversified REITs industry. There are concerns on the financial health of VASTB while its profitability can be described as average. 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.
- VASTB had a positive operating cash flow in the past year.
- Of the past 5 years VASTB 4 years were profitable.
- In the past 5 years VASTB always reported a positive cash flow from operatings.
1.2 Ratios
- With a Return On Assets value of 0.83%, VASTB is not doing good in the industry: 63.41% of the companies in the same industry are doing better.
- Looking at the Return On Equity, with a value of 1.52%, VASTB is doing worse than 65.85% of the companies in the same industry.
- With a Return On Invested Capital value of 0.88%, VASTB is not doing good in the industry: 85.37% of the companies in the same industry are doing better.
- The Average Return On Invested Capital over the past 3 years for VASTB 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
- The Profit Margin of VASTB (58.39%) is better than 70.73% of its industry peers.
- In the last couple of years the Profit Margin of VASTB has grown nicely.
- VASTB's Operating Margin of 72.59% is in line compared to the rest of the industry. VASTB outperforms 56.10% of its industry peers.
- In the last couple of years the Operating Margin of VASTB has declined.
- VASTB has a Gross Margin of 92.60%. This is amongst the best in the industry. VASTB outperforms 90.24% 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
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), VASTB is destroying value.
- The number of shares outstanding for VASTB remains at a similar level compared to 1 year ago.
- Compared to 5 years ago, VASTB has about the same amount of shares outstanding.
- Compared to 1 year ago, VASTB has a worse debt to assets ratio.
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.
- With a Altman-Z score value of 0.59, VASTB is not doing good in the industry: 65.85% of the companies in the same industry are doing better.
- 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.
- Looking at the Debt to FCF ratio, with a value of 21.37, VASTB is doing worse than 60.98% of the companies in the same industry.
- A Debt/Equity ratio of 0.56 indicates that VASTB is somewhat dependend on debt financing.
- With a decent Debt to Equity ratio value of 0.56, VASTB is doing good in the industry, outperforming 70.73% 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
WACC7.22%
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 has a worse Current ratio (0.11) than 85.37% of its industry peers.
- A Quick Ratio of 0.11 indicates that VASTB may have some problems paying its short term obligations.
- The Quick ratio of VASTB (0.11) is worse than 85.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.11 | ||
| Quick Ratio | 0.11 |
3. Growth
3.1 Past
- The earnings per share for VASTB have decreased by -5.73% in the last year.
- VASTB shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 19.77% yearly.
- The Revenue has decreased by -1.52% in the past 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 10.63% 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 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.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 14.38, the valuation of VASTB can be described as correct.
- The rest of the industry has a similar Price/Earnings ratio as VASTB.
- When comparing the Price/Earnings ratio of VASTB to the average of the S&P500 Index (28.60), we can say VASTB is valued slightly cheaper.
- 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.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.83, VASTB is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.38 | ||
| Fwd PE | 12.02 |
4.2 Price Multiples
- 78.05% of the companies in the same industry are cheaper than VASTB, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, VASTB is valued a bit more expensive than 78.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.79 | ||
| EV/EBITDA | 80.5 |
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.
- VASTB's Dividend Yield is slightly below the industry average, which is at 5.41.
- 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%.