VASTNED NV (VASTB.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:VASTB - BE0003754687 - REIT
31.1 EUR
+0.1 (+0.32%)
VASTB gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 40 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 is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
VASTB had positive earnings in the past year.
VASTB had a positive operating cash flow in the past year.
Of the past 5 years VASTB 4 years were profitable.
Each year in the past 5 years VASTB had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.83%, VASTB is doing worse than 65.00% of the companies in the same industry.
VASTB has a Return On Equity of 1.52%. This is in the lower half of the industry: VASTB underperforms 67.50% of its industry peers.
VASTB has a Return On Invested Capital of 0.88%. This is amonst the worse of the industry: VASTB underperforms 85.00% 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 3.53%.
| 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 70.00% of its industry peers.
In the last couple of years the Profit Margin of VASTB has grown nicely.
Looking at the Operating Margin, with a value of 72.59%, VASTB is in line with its industry, outperforming 55.00% 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 87.50% 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VASTB is destroying value.
VASTB has about the same amout of shares outstanding than it did 1 year ago.
VASTB has about the same amout of shares outstanding than it did 5 years ago.
Compared to 1 year ago, VASTB has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.61, we must say that VASTB is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.61, VASTB is doing worse than 67.50% of the companies in the same industry.
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.
The Debt to FCF ratio of VASTB (21.37) is worse than 62.50% of its industry peers.
A Debt/Equity ratio of 0.56 indicates that VASTB is somewhat dependend on debt financing.
VASTB has a better Debt to Equity ratio (0.56) than 67.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 21.37 | ||
| Altman-Z | 0.61 |
ROIC/WACC0.12
WACC7.13%
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 85.00% of its industry peers.
A Quick Ratio of 0.11 indicates that VASTB may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.11, VASTB is doing worse than 85.00% 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.
Measured over the past years, VASTB shows a decrease in Revenue. The Revenue has been decreasing by -1.05% on average per year.
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
The Earnings Per Share is expected to grow by 14.20% on average over the next years. This is quite good.
The Revenue is expected to grow by 2.33% on average over the next years.
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
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 14.81, the valuation of VASTB can be described as correct.
The rest of the industry has a similar Price/Earnings ratio as VASTB.
VASTB's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.51.
With a Price/Forward Earnings ratio of 11.73, the valuation of VASTB can be described as very reasonable.
VASTB's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.13, VASTB is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.81 | ||
| Fwd PE | 11.73 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, VASTB is valued more expensive than 82.50% of the companies in the same industry.
77.50% of the companies in the same industry are cheaper than VASTB, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.53 | ||
| EV/EBITDA | 81.79 |
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.
VASTB's earnings are expected to grow with 14.20% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.19
PEG (5Y)0.75
EPS Next 2Y17.98%
EPS Next 3Y14.2%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.01%, VASTB is a good candidate for dividend investing.
VASTB's Dividend Yield is slightly below the industry average, which is at 5.16.
Compared to an average S&P500 Dividend Yield of 2.00, VASTB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.01% |
5.2 History
The dividend of VASTB is nicely growing with an annual growth rate of 10.30%!
Dividend Growth(5Y)10.3%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
VASTB pays out 128.76% of its income as dividend. 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 (12/31/2025, 7:00:00 PM)
31.1
+0.1 (+0.32%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners13.47%
Inst Owner ChangeN/A
Ins Owners41.48%
Ins Owner ChangeN/A
Market Cap605.52M
Revenue(TTM)18.23M
Net Income(TTM)10.64M
Analysts44.44
Price Target31.62 (1.67%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.01% |
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)1.09%
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 | 14.81 | ||
| Fwd PE | 11.73 | ||
| P/S | 33.22 | ||
| P/FCF | 25.53 | ||
| P/OCF | 25.03 | ||
| P/B | 0.86 | ||
| P/tB | 0.86 | ||
| EV/EBITDA | 81.79 |
EPS(TTM)2.1
EY6.75%
EPS(NY)2.65
Fwd EY8.53%
FCF(TTM)1.22
FCFY3.92%
OCF(TTM)1.24
OCFY4%
SpS0.94
BVpS36.07
TBVpS36.07
PEG (NY)0.19
PEG (5Y)0.75
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 | 0.61 |
F-Score3
WACC7.13%
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 14.81 and the Price/Book (PB) ratio is 0.86.
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%.