VASTNED NV (VASTB.BR) Stock Fundamental Analysis

EBR:VASTB • BE0003754687

31.2 EUR
+0.1 (+0.32%)
Last: Feb 27, 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 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 is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

4

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.
  • 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

  • VASTB has a Return On Assets of 0.83%. This is in the lower half of the industry: VASTB underperforms 61.90% of its industry peers.
  • VASTB's Return On Equity of 1.52% is on the low side compared to the rest of the industry. VASTB is outperformed by 64.29% of its industry peers.
  • VASTB has a worse Return On Invested Capital (0.88%) than 83.33% 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 3.46%.
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

  • The Profit Margin of VASTB (58.39%) is better than 69.05% of its industry peers.
  • VASTB's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 72.59%, VASTB is in line with its industry, outperforming 57.14% of the companies in the same industry.
  • In the last couple of years the Operating Margin of VASTB has declined.
  • VASTB's Gross Margin of 92.60% is amongst the best of the industry. VASTB outperforms 88.10% 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

More info and screens

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.
  • Compared to 1 year ago, VASTB has about the same amount of shares outstanding.
  • 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.
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

  • VASTB has an Altman-Z score of 0.61. This is a bad value and indicates that VASTB is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of VASTB (0.61) is worse than 64.29% of its industry peers.
  • 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.
  • With a Debt to FCF ratio value of 21.37, VASTB perfoms like the industry average, outperforming 40.48% of the companies in the same industry.
  • A Debt/Equity ratio of 0.56 indicates that VASTB is somewhat dependend on debt financing.
  • VASTB has a Debt to Equity ratio of 0.56. This is in the better half of the industry: VASTB outperforms 69.05% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 21.37
Altman-Z 0.61
ROIC/WACC0.12
WACC7.27%
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.
  • The Current ratio of VASTB (0.11) is worse than 85.71% 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 85.71% of the companies in the same industry.
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.
  • Measured over the past years, VASTB shows a quite strong growth in Earnings Per Share. The EPS has been growing by 19.77% on average per year.
  • VASTB shows a decrease in Revenue. In the last year, the revenue decreased by -1.52%.
  • 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.
  • Based on estimates for the next years, VASTB will show a small growth in Revenue. The Revenue will grow by 2.33% on average per year.
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

  • 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.
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

  • Based on the Price/Earnings ratio of 14.86, the valuation of VASTB can be described as correct.
  • The rest of the industry has a similar Price/Earnings ratio as VASTB.
  • VASTB is valuated rather cheaply when we compare the Price/Earnings ratio to 27.10, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 12.41, which indicates a correct valuation of VASTB.
  • VASTB's Price/Forward Earnings ratio is in line with the industry average.
  • VASTB is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.06, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 14.86
Fwd PE 12.41
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

  • Based on the Enterprise Value to EBITDA ratio, VASTB is valued a bit more expensive than 73.81% 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 73.81% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 25.61
EV/EBITDA 81.79
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)0.19
PEG (5Y)0.75
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

  • VASTB has a Yearly Dividend Yield of 4.19%, which is a nice return.
  • VASTB's Dividend Yield is comparable with the industry average which is at 5.29.
  • VASTB's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 4.19%

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

5.3 Sustainability

  • VASTB pays out 128.76% of its income as dividend. 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%
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 (2/27/2026, 7:00:00 PM)

31.2

+0.1 (+0.32%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)10-24
Earnings (Next)02-27
Inst Owners13.49%
Inst Owner ChangeN/A
Ins Owners44.93%
Ins Owner ChangeN/A
Market Cap607.46M
Revenue(TTM)18.23M
Net Income(TTM)10.64M
Analysts46
Price Target32.98 (5.71%)
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)4.3%
PT rev (3m)6.59%
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%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 14.86
Fwd PE 12.41
P/S 33.33
P/FCF 25.61
P/OCF 25.11
P/B 0.87
P/tB 0.87
EV/EBITDA 81.79
EPS(TTM)2.1
EY6.73%
EPS(NY)2.51
Fwd EY8.06%
FCF(TTM)1.22
FCFY3.9%
OCF(TTM)1.24
OCFY3.98%
SpS0.94
BVpS36.07
TBVpS36.07
PEG (NY)0.19
PEG (5Y)0.75
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 0.61
F-Score3
WACC7.27%
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 Year1.93%
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 14.86 and the Price/Book (PB) ratio is 0.87.


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%.