VASTNED NV (VASTB.BR) Stock Fundamental Analysis
Europe • Euronext Brussels • EBR:VASTB • BE0003754687
30 EUR
-0.2 (-0.66%)
Last: Jan 30, 2026, 07:00 PM
VASTB gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 41 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 it does not seem to be growing.
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.
- In the past 5 years VASTB always reported a positive cash flow from operatings.
1.2 Ratios
- VASTB has a Return On Assets of 0.83%. This is in the lower half of the industry: VASTB underperforms 63.41% of its industry peers.
- VASTB has a worse Return On Equity (1.52%) than 65.85% of its industry peers.
- VASTB's Return On Invested Capital of 0.88% is on the low side compared to the rest of the industry. VASTB is outperformed by 85.37% 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 3.37%.
| 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 70.73% of its industry peers.
- VASTB's Profit Margin has improved in the last couple of years.
- The Operating Margin of VASTB (72.59%) is comparable to the rest of the industry.
- In the last couple of years the Operating Margin of VASTB has declined.
- VASTB has a Gross Margin of 92.60%. This is amongst the best in the industry. VASTB outperforms 90.24% 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
- 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.
- 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 0.59. 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 (0.59) is worse than 65.85% 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.
- VASTB has a Debt to FCF ratio of 21.37. This is in the lower half of the industry: VASTB underperforms 60.98% of its industry peers.
- A Debt/Equity ratio of 0.56 indicates that VASTB is somewhat dependend on debt financing.
- With a decent Debt to Equity ratio value of 0.56, VASTB is doing good in the industry, outperforming 70.73% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 21.37 | ||
| Altman-Z | 0.59 |
ROIC/WACC0.12
WACC7.21%
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 85.37% 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 85.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.11 | ||
| Quick Ratio | 0.11 |
3. Growth
3.1 Past
- The earnings per share for VASTB have decreased by -5.73% in the last year.
- The Earnings Per Share has been growing by 19.77% on average over the past years. This is quite good.
- 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.
- 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.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 14.29 indicates a correct valuation of VASTB.
- The rest of the industry has a similar Price/Earnings ratio as VASTB.
- When comparing the Price/Earnings ratio of VASTB to the average of the S&P500 Index (28.30), we can say VASTB is valued slightly cheaper.
- With a Price/Forward Earnings ratio of 11.94, the valuation of VASTB can be described as very reasonable.
- 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 (25.57), we can say VASTB is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.29 | ||
| Fwd PE | 11.94 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, VASTB is valued a bit more expensive than 78.05% of the companies in the same industry.
- 78.05% of the companies in the same industry are cheaper than VASTB, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.63 | ||
| EV/EBITDA | 80.5 |
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.
PEG (NY)0.18
PEG (5Y)0.72
EPS Next 2Y14.84%
EPS Next 3Y10.63%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 4.12%, VASTB is a good candidate for dividend investing.
- VASTB's Dividend Yield is slightly below the industry average, which is at 5.41.
- Compared to an average S&P500 Dividend Yield of 1.82, VASTB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.12% |
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
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%
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 5 / 10 and the dividend payout ratio is 128.76%.