VASTNED NV (VASTB.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:VASTB - BE0003754687 - REIT
30.7 EUR
-0.1 (-0.32%)
Taking everything into account, VASTB scores 3 out of 10 in our fundamental rating. VASTB was compared to 42 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 on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
- VASTB had positive earnings in the past year.
- In the past year VASTB had a positive cash flow from operations.
- VASTB had positive earnings in 4 of the past 5 years.
- Each year in the past 5 years VASTB had a positive operating cash flow.
1.2 Ratios
- With a Return On Assets value of 0.83%, VASTB is not doing good in the industry: 64.29% 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 66.67% of the companies in the same industry.
- VASTB has a worse Return On Invested Capital (0.88%) than 85.71% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital 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
- VASTB has a Profit Margin of 58.39%. This is in the better half of the industry: VASTB outperforms 71.43% of its industry peers.
- VASTB's Profit Margin has improved in the last couple of years.
- 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.
- 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.
2.2 Solvency
- VASTB has an Altman-Z score of 0.60. This is a bad value and indicates that VASTB is not financially healthy and even has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 0.60, VASTB is doing worse than 66.67% of the companies in the same industry.
- 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 61.90% of the companies in the same 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 69.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 21.37 | ||
| Altman-Z | 0.6 |
ROIC/WACC0.12
WACC7.12%
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 85.71% 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.
- VASTB shows a decrease in Revenue. In the last year, the revenue decreased by -1.52%.
- VASTB shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.05% yearly.
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.
- 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
- 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
- Based on the Price/Earnings ratio of 14.62, the valuation of VASTB can be described as correct.
- Compared to the rest of the industry, the Price/Earnings ratio of VASTB is on the same level as its industry peers.
- Compared to an average S&P500 Price/Earnings ratio of 27.30, VASTB is valued a bit cheaper.
- VASTB is valuated reasonably with a Price/Forward Earnings ratio of 11.58.
- VASTB's Price/Forward Earnings is on the same level as the industry average.
- When comparing the Price/Forward Earnings ratio of VASTB to the average of the S&P500 Index (24.04), we can say VASTB is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.62 | ||
| Fwd PE | 11.58 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, VASTB is valued a bit more expensive than 78.57% of the companies 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 78.57% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.2 | ||
| EV/EBITDA | 81.22 |
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.
- 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)0.74
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 1.92, VASTB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.16% |
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
- 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 (1/13/2026, 7:00:00 PM)
30.7
-0.1 (-0.32%)
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 Cap597.73M
Revenue(TTM)18.23M
Net Income(TTM)10.64M
Analysts46
Price Target31.62 (3%)
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 | 14.62 | ||
| Fwd PE | 11.58 | ||
| P/S | 32.8 | ||
| P/FCF | 25.2 | ||
| P/OCF | 24.7 | ||
| P/B | 0.85 | ||
| P/tB | 0.85 | ||
| EV/EBITDA | 81.22 |
EPS(TTM)2.1
EY6.84%
EPS(NY)2.65
Fwd EY8.64%
FCF(TTM)1.22
FCFY3.97%
OCF(TTM)1.24
OCFY4.05%
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 | 0.6 |
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 14.62 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%.