VASTNED NV (VASTB.BR) Stock Fundamental Analysis

EBR:VASTB • BE0003754687

30 EUR
-1 (-3.23%)
Last: Mar 3, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

3

Overall VASTB gets a fundamental rating of 3 out of 10. We evaluated VASTB against 43 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.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year VASTB was profitable.
  • VASTB had a positive operating cash flow in the past year.
  • 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.
VASTB.BR Yearly Net Income VS EBIT VS OCF VS FCFVASTB.BR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M 20M 30M

1.2 Ratios

  • With a Return On Assets value of 0.83%, VASTB is not doing good in the industry: 62.79% of the companies in the same industry are doing better.
  • The Return On Equity of VASTB (1.52%) is worse than 62.79% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 0.88%, VASTB is doing worse than 81.40% of the companies in the same industry.
  • 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 3.59%.
Industry RankSector 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%
VASTB.BR Yearly ROA, ROE, ROICVASTB.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10

1.3 Margins

  • With a decent Profit Margin value of 58.39%, VASTB is doing good in the industry, outperforming 69.77% of the companies in the same industry.
  • In the last couple of years the Profit Margin of VASTB has grown nicely.
  • VASTB has a Operating Margin of 72.59%. This is comparable to the rest of the industry: VASTB outperforms 58.14% of its industry peers.
  • VASTB's Operating Margin has declined in the last couple of years.
  • The Gross Margin of VASTB (92.60%) is better than 88.37% of its industry peers.
  • VASTB's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
VASTB.BR Yearly Profit, Operating, Gross MarginsVASTB.BR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 100 150

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

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.
  • VASTB has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for VASTB remains at a similar level compared to 5 years ago.
  • Compared to 1 year ago, VASTB has a worse debt to assets ratio.
VASTB.BR Yearly Shares OutstandingVASTB.BR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 1M 2M 3M 4M 5M
VASTB.BR Yearly Total Debt VS Total AssetsVASTB.BR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

2.2 Solvency

  • Based on the Altman-Z score of 0.60, we must say that VASTB is in the distress zone and has some risk of bankruptcy.
  • VASTB has a worse Altman-Z score (0.60) than 65.12% 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 (21.37) which is comparable to the rest of the industry.
  • 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 69.77% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 21.37
Altman-Z 0.6
ROIC/WACC0.12
WACC7.25%
VASTB.BR Yearly LT Debt VS Equity VS FCFVASTB.BR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

2.3 Liquidity

  • A Current Ratio of 0.11 indicates that VASTB may have some problems paying its short term obligations.
  • VASTB has a worse Current ratio (0.11) than 81.40% 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.
  • VASTB has a worse Quick ratio (0.11) than 81.40% of its industry peers.
Industry RankSector Rank
Current Ratio 0.11
Quick Ratio 0.11
VASTB.BR Yearly Current Assets VS Current LiabilitesVASTB.BR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

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.
  • VASTB shows a decrease in Revenue. In the last year, the revenue decreased by -1.52%.
  • 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 10.63% on average over the next years. This is quite good.
  • VASTB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.85% yearly.
EPS Next Y77.3%
EPS Next 2Y14.84%
EPS Next 3Y10.63%
EPS Next 5YN/A
Revenue Next Year1.19%
Revenue Next 2Y1.7%
Revenue Next 3Y1.85%
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.
VASTB.BR Yearly Revenue VS EstimatesVASTB.BR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M
VASTB.BR Yearly EPS VS EstimatesVASTB.BR Yearly EPS VS EstimatesYearly EPS VS Estimates 2024 2025 2026 2027 1 2 3

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 14.29, which indicates a correct valuation of VASTB.
  • 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 26.83.
  • With a Price/Forward Earnings ratio of 11.94, the valuation of VASTB can be described as very reasonable.
  • The rest of the industry has a similar Price/Forward Earnings ratio as VASTB.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.95, VASTB is valued rather cheaply.
Industry RankSector Rank
PE 14.29
Fwd PE 11.94
VASTB.BR Price Earnings VS Forward Price EarningsVASTB.BR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

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 67.44% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of VASTB indicates a slightly more expensive valuation: VASTB is more expensive than 67.44% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 24.63
EV/EBITDA 81.65
VASTB.BR Per share dataVASTB.BR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

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.
PEG (NY)0.18
PEG (5Y)0.72
EPS Next 2Y14.84%
EPS Next 3Y10.63%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 4.19%, VASTB is a good candidate for dividend investing.
  • VASTB's Dividend Yield is comparable with the industry average which is at 5.12.
  • VASTB's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.19%

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
VASTB.BR Yearly Dividends per shareVASTB.BR Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2026 1 2 3 4 5

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 around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP128.76%
EPS Next 2Y14.84%
EPS Next 3Y10.63%
VASTB.BR Yearly Income VS Free CF VS DividendVASTB.BR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M 20M 30M
VASTB.BR Dividend Payout.VASTB.BR Dividend Payout, showing the Payout Ratio.VASTB.BR Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

VASTNED NV

EBR:VASTB (3/3/2026, 7:00:00 PM)

30

-1 (-3.23%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-27
Earnings (Next)N/A
Inst Owners13.49%
Inst Owner ChangeN/A
Ins Owners44.93%
Ins Owner ChangeN/A
Market Cap584.10M
Revenue(TTM)18.23M
Net Income(TTM)10.64M
Analysts46
Price Target31.62 (5.4%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.19%
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)1.09%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-0.46%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.73%
Revenue NY rev (3m)-0.73%
Valuation
Industry RankSector Rank
PE 14.29
Fwd PE 11.94
P/S 32.05
P/FCF 24.63
P/OCF 24.14
P/B 0.83
P/tB 0.83
EV/EBITDA 81.65
EPS(TTM)2.1
EY7%
EPS(NY)2.51
Fwd EY8.38%
FCF(TTM)1.22
FCFY4.06%
OCF(TTM)1.24
OCFY4.14%
SpS0.94
BVpS36.07
TBVpS36.07
PEG (NY)0.18
PEG (5Y)0.72
Graham Number41.28
Profitability
Industry RankSector 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 RankSector 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 0.6
F-Score3
WACC7.25%
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 Y77.3%
EPS Next 2Y14.84%
EPS Next 3Y10.63%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.52%
Revenue growth 3Y2.33%
Revenue growth 5Y-1.05%
Sales Q2Q%617.7%
Revenue Next Year1.19%
Revenue Next 2Y1.7%
Revenue Next 3Y1.85%
Revenue Next 5YN/A
EBIT growth 1Y-18.46%
EBIT growth 3Y-3.21%
EBIT growth 5Y-4.36%
EBIT Next Year13.1%
EBIT Next 3Y6.72%
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 14.29 and the Price/Book (PB) ratio is 0.83.


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%.