VASTNED NV (VASTB.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:VASTB - BE0003754687 - REIT
31.1 EUR
+0.1 (+0.32%)
We assign a fundamental rating of 3 out of 10 to VASTB. VASTB was compared to 40 industry peers in the Diversified REITs industry. While VASTB is still in line with the averages on profitability rating, there are concerns on its financial health. 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
In the past year VASTB was profitable.
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
With a Return On Assets value of 0.83%, VASTB is not doing good in the industry: 65.00% 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 67.50% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 0.88%, VASTB is doing worse than 85.00% of the companies in the same industry.
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
With a decent Profit Margin value of 58.39%, VASTB is doing good in the industry, outperforming 70.00% 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 (72.59%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of VASTB has declined.
The Gross Margin of VASTB (92.60%) is better than 87.50% of its industry peers.
In the last couple of years the Gross Margin of VASTB has remained more or less at the same level.
| 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.
The number of shares outstanding for VASTB remains at a similar level compared to 1 year ago.
Compared to 5 years ago, VASTB has about the same amount of shares outstanding.
VASTB has a worse debt/assets ratio than last year.
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.
VASTB's Altman-Z score of 0.61 is on the low side compared to the rest of the industry. VASTB is outperformed by 67.50% 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.
Looking at the Debt to FCF ratio, with a value of 21.37, VASTB is doing worse than 62.50% of the companies in the same industry.
VASTB has a Debt/Equity ratio of 0.56. This is a neutral value indicating 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
VASTB has a Current 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.
The Current ratio of VASTB (0.11) is worse than 85.00% of its industry peers.
A Quick Ratio of 0.11 indicates that VASTB may have some problems paying its short term obligations.
The Quick ratio of VASTB (0.11) is worse than 85.00% of its industry peers.
| 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%.
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 14.20% yearly.
VASTB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.33% yearly.
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.
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
A Price/Earnings ratio of 14.81 indicates a correct valuation of VASTB.
VASTB's Price/Earnings ratio is in line with the industry average.
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.
Compared to the rest of the industry, the Price/Forward Earnings ratio of VASTB is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 23.13. VASTB is valued slightly cheaper when compared to this.
| 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 expensively inside the industry as 82.50% of the companies are valued cheaper.
VASTB's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. VASTB is more expensive than 77.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.53 | ||
| EV/EBITDA | 81.79 |
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.
A more expensive valuation may be justified as VASTB's earnings are expected to grow with 14.20% in the coming years.
PEG (NY)0.19
PEG (5Y)0.75
EPS Next 2Y17.98%
EPS Next 3Y14.2%
5. Dividend
5.1 Amount
VASTB has a Yearly Dividend Yield of 4.01%, which is a nice return.
Compared to an average industry Dividend Yield of 5.16, VASTB is paying slightly less dividend.
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
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 (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%.