VASTNED NV (VASTB.BR) Fundamental Analysis & Valuation

EBR:VASTB • BE0003754687

Current stock price

30.45 EUR
+0.35 (+1.16%)
Last:

This VASTB.BR fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. VASTB.BR Profitability Analysis

1.1 Basic Checks

  • VASTB had positive earnings in the past year.
  • VASTB had a positive operating cash flow in the past year.
  • Each year in the past 5 years VASTB has been profitable.
  • In the past 5 years VASTB always reported a positive cash flow from operatings.
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 2025 0 20M 40M

1.2 Ratios

  • The Return On Assets of VASTB (3.82%) is better than 60.98% of its industry peers.
  • The Return On Equity of VASTB (6.77%) is comparable to the rest of the industry.
  • Looking at the Return On Invested Capital, with a value of 3.32%, VASTB is in line with its industry, outperforming 51.22% of the companies in the same industry.
  • VASTB had an Average Return On Invested Capital over the past 3 years of 3.44%. This is in line with the industry average of 3.75%.
Industry RankSector Rank
ROA 3.82%
ROE 6.77%
ROIC 3.32%
ROA(3y)3.54%
ROA(5y)3.29%
ROE(3y)5.5%
ROE(5y)4.9%
ROIC(3y)3.44%
ROIC(5y)3.5%
VASTB.BR Yearly ROA, ROE, ROICVASTB.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10

1.3 Margins

  • VASTB's Profit Margin of 72.51% is fine compared to the rest of the industry. VASTB outperforms 78.05% of its industry peers.
  • VASTB's Profit Margin has declined in the last couple of years.
  • VASTB has a better Operating Margin (79.10%) than 78.05% of its industry peers.
  • VASTB's Operating Margin has declined in the last couple of years.
  • VASTB has a better Gross Margin (90.30%) than 80.49% of its industry peers.
  • VASTB's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 79.1%
PM (TTM) 72.51%
GM 90.3%
OM growth 3Y-2.23%
OM growth 5Y-1.79%
PM growth 3Y-4.39%
PM growth 5YN/A
GM growth 3Y-1.55%
GM growth 5Y-0.84%
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 2025 0 50 -50 100 150

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. VASTB.BR Health Analysis

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.
  • The number of shares outstanding for VASTB has been increased compared to 1 year ago.
  • Compared to 5 years ago, VASTB has more shares outstanding
  • The debt/assets ratio for VASTB is higher compared to a year ago.
VASTB.BR Yearly Shares OutstandingVASTB.BR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M
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 2025 200M 400M 600M 800M 1B

2.2 Solvency

  • VASTB has an Altman-Z score of 0.83. 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 0.83, VASTB is not doing good in the industry: 60.98% of the companies in the same industry are doing better.
  • VASTB has a debt to FCF ratio of 12.81. This is a negative value and a sign of low solvency as VASTB would need 12.81 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 12.81, VASTB is in line with its industry, outperforming 51.22% of the companies in the same industry.
  • A Debt/Equity ratio of 0.61 indicates that VASTB is somewhat dependend on debt financing.
  • VASTB has a Debt to Equity ratio of 0.61. This is in the better half of the industry: VASTB outperforms 68.29% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF 12.81
Altman-Z 0.83
ROIC/WACC0.5
WACC6.68%
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 2025 200M 400M 600M

2.3 Liquidity

  • VASTB has a Current Ratio of 0.18. 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 (0.18) than 75.61% of its industry peers.
  • A Quick Ratio of 0.18 indicates that VASTB may have some problems paying its short term obligations.
  • VASTB's Quick ratio of 0.18 is on the low side compared to the rest of the industry. VASTB is outperformed by 75.61% of its industry peers.
Industry RankSector Rank
Current Ratio 0.18
Quick Ratio 0.18
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 2025 20M 40M 60M

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

5

3. VASTB.BR Growth Analysis

3.1 Past

  • VASTB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 45.02%, which is quite impressive.
  • The Earnings Per Share has been growing slightly by 2.12% on average over the past years.
  • The Revenue has grown by 271.40% in the past year. This is a very strong growth!
  • Measured over the past years, VASTB shows a very strong growth in Revenue. The Revenue has been growing by 33.01% on average per year.
EPS 1Y (TTM)45.02%
EPS 3Y2.12%
EPS 5YN/A
EPS Q2Q%1524.77%
Revenue 1Y (TTM)271.4%
Revenue growth 3Y57.07%
Revenue growth 5Y33.01%
Sales Q2Q%648.01%

3.2 Future

  • VASTB is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -8.25% yearly.
  • VASTB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.70% yearly.
EPS Next Y-27.64%
EPS Next 2Y-20.43%
EPS Next 3Y-8.25%
EPS Next 5YN/A
Revenue Next Year2.45%
Revenue Next 2Y2.42%
Revenue Next 3Y2.7%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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 2028 20M 40M 60M
VASTB.BR Yearly EPS VS EstimatesVASTB.BR Yearly EPS VS EstimatesYearly EPS VS Estimates 2024 2025 2026 2027 2028 1 2 3

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5

4. VASTB.BR Valuation Analysis

4.1 Price/Earnings Ratio

  • VASTB is valuated reasonably with a Price/Earnings ratio of 10.02.
  • Based on the Price/Earnings ratio, VASTB is valued a bit cheaper than the industry average as 70.73% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 27.79. VASTB is valued rather cheaply when compared to this.
  • A Price/Forward Earnings ratio of 12.46 indicates a correct valuation of VASTB.
  • The rest of the industry has a similar Price/Forward Earnings ratio as VASTB.
  • VASTB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 38.88.
Industry RankSector Rank
PE 10.02
Fwd PE 12.46
VASTB.BR Price Earnings VS Forward Price EarningsVASTB.BR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • VASTB's Enterprise Value to EBITDA ratio is in line with the industry average.
  • VASTB's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 15.38
EV/EBITDA 19.93
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 decent profitability rating of VASTB may justify a higher PE ratio.
  • A cheap valuation may be justified as VASTB's earnings are expected to decrease with -8.25% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-20.43%
EPS Next 3Y-8.25%

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

6

5. VASTB.BR Dividend Analysis

5.1 Amount

  • VASTB has a Yearly Dividend Yield of 4.30%, which is a nice return.
  • Compared to an average industry Dividend Yield of 5.38, VASTB has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.81, VASTB pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.3%

5.2 History

  • The dividend of VASTB decreases each year by -43.63%.
Dividend Growth(5Y)-43.63%
Div Incr Years0
Div Non Decr Years0
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

  • 3.57% of the earnings are spent on dividend by VASTB. This is a low number and sustainable payout ratio.
  • The Dividend Rate of VASTB has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP3.57%
EPS Next 2Y-20.43%
EPS Next 3Y-8.25%
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 2025 0 10M 20M 30M 40M
VASTB.BR Dividend Payout.VASTB.BR Dividend Payout, showing the Payout Ratio.VASTB.BR Dividend Payout.PayoutRetained Earnings

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VASTB.BR Fundamentals: All Metrics, Ratios and Statistics

VASTNED NV

EBR:VASTB (4/22/2026, 7:00:00 PM)

30.45

+0.35 (+1.16%)

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 Owners9.51%
Inst Owner ChangeN/A
Ins Owners44.93%
Ins Owner ChangeN/A
Market Cap592.86M
Revenue(TTM)67.69M
Net Income(TTM)49.08M
Analysts46
Price Target31.24 (2.59%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.3%
Yearly Dividend0.17
Dividend Growth(5Y)-43.63%
DP3.57%
Div Incr Years0
Div Non Decr Years0
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)-1.21%
PT rev (3m)-1.21%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-2.73%
EPS NY rev (3m)-2.73%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.24%
Revenue NY rev (3m)-1.18%
Valuation
Industry RankSector Rank
PE 10.02
Fwd PE 12.46
P/S 8.76
P/FCF 15.38
P/OCF 15.27
P/B 0.82
P/tB 0.82
EV/EBITDA 19.93
EPS(TTM)3.04
EY9.98%
EPS(NY)2.44
Fwd EY8.03%
FCF(TTM)1.98
FCFY6.5%
OCF(TTM)1.99
OCFY6.55%
SpS3.48
BVpS37.26
TBVpS37.26
PEG (NY)N/A
PEG (5Y)N/A
Graham Number50.4848 (65.8%)
Profitability
Industry RankSector Rank
ROA 3.82%
ROE 6.77%
ROCE 4.42%
ROIC 3.32%
ROICexc 3.32%
ROICexgc 3.32%
OM 79.1%
PM (TTM) 72.51%
GM 90.3%
FCFM 56.96%
ROA(3y)3.54%
ROA(5y)3.29%
ROE(3y)5.5%
ROE(5y)4.9%
ROIC(3y)3.44%
ROIC(5y)3.5%
ROICexc(3y)3.44%
ROICexc(5y)3.51%
ROICexgc(3y)3.44%
ROICexgc(5y)3.51%
ROCE(3y)4.58%
ROCE(5y)4.67%
ROICexgc growth 3Y-3.71%
ROICexgc growth 5Y0.71%
ROICexc growth 3Y-3.7%
ROICexc growth 5Y0.72%
OM growth 3Y-2.23%
OM growth 5Y-1.79%
PM growth 3Y-4.39%
PM growth 5YN/A
GM growth 3Y-1.55%
GM growth 5Y-0.84%
F-Score3
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF 12.81
Debt/EBITDA 8.2
Cap/Depr 50%
Cap/Sales 0.41%
Interest Coverage 3.6
Cash Conversion 71.79%
Profit Quality 78.56%
Current Ratio 0.18
Quick Ratio 0.18
Altman-Z 0.83
F-Score3
WACC6.68%
ROIC/WACC0.5
Cap/Depr(3y)86.3%
Cap/Depr(5y)53.81%
Cap/Sales(3y)1.18%
Cap/Sales(5y)0.78%
Profit Quality(3y)97.79%
Profit Quality(5y)145.85%
High Growth Momentum
Growth
EPS 1Y (TTM)45.02%
EPS 3Y2.12%
EPS 5YN/A
EPS Q2Q%1524.77%
EPS Next Y-27.64%
EPS Next 2Y-20.43%
EPS Next 3Y-8.25%
EPS Next 5YN/A
Revenue 1Y (TTM)271.4%
Revenue growth 3Y57.07%
Revenue growth 5Y33.01%
Sales Q2Q%648.01%
Revenue Next Year2.45%
Revenue Next 2Y2.42%
Revenue Next 3Y2.7%
Revenue Next 5YN/A
EBIT growth 1Y304.66%
EBIT growth 3Y53.56%
EBIT growth 5Y30.63%
EBIT Next Year-13.54%
EBIT Next 3Y-1.98%
EBIT Next 5YN/A
FCF growth 1Y317.44%
FCF growth 3Y43.01%
FCF growth 5Y27.02%
OCF growth 1Y300.69%
OCF growth 3Y43.32%
OCF growth 5Y27.11%

VASTNED NV / VASTB.BR Fundamental Analysis FAQ

What is the fundamental rating for VASTB stock?

ChartMill assigns a fundamental rating of 4 / 10 to VASTB.BR.


What is the valuation status of VASTNED NV (VASTB.BR) stock?

ChartMill assigns a valuation rating of 5 / 10 to VASTNED NV (VASTB.BR). This can be considered as Fairly Valued.


Can you provide the profitability details for VASTNED NV?

VASTNED NV (VASTB.BR) has a profitability rating of 6 / 10.


What is the earnings growth outlook for VASTNED NV?

The Earnings per Share (EPS) of VASTNED NV (VASTB.BR) is expected to decline by -27.64% in the next year.


Can you provide the dividend sustainability for VASTB stock?

The dividend rating of VASTNED NV (VASTB.BR) is 6 / 10 and the dividend payout ratio is 3.57%.