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VAT GROUP AG (19V.DE) Stock Fundamental Analysis

Europe - FRA:19V - CH0311864901 - Common Stock

372.3 EUR
+9.7 (+2.68%)
Last: 10/24/2025, 7:00:00 PM
Fundamental Rating

7

Taking everything into account, 19V scores 7 out of 10 in our fundamental rating. 19V was compared to 106 industry peers in the Machinery industry. 19V has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. 19V shows excellent growth, but is valued quite expensive already. This makes 19V very considerable for growth and quality investing!


Dividend Valuation Growth Profitability Health

9

1. Profitability

1.1 Basic Checks

In the past year 19V was profitable.
In the past year 19V had a positive cash flow from operations.
In the past 5 years 19V has always been profitable.
Each year in the past 5 years 19V had a positive operating cash flow.
19V.DE Yearly Net Income VS EBIT VS OCF VS FCF19V.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

1.2 Ratios

19V has a Return On Assets of 16.46%. This is amongst the best in the industry. 19V outperforms 97.14% of its industry peers.
19V has a better Return On Equity (32.17%) than 95.24% of its industry peers.
19V has a Return On Invested Capital of 25.32%. This is amongst the best in the industry. 19V outperforms 97.14% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for 19V is significantly above the industry average of 8.59%.
Industry RankSector Rank
ROA 16.46%
ROE 32.17%
ROIC 25.32%
ROA(3y)18.9%
ROA(5y)18.01%
ROE(3y)30.85%
ROE(5y)30.06%
ROIC(3y)26.05%
ROIC(5y)24.36%
19V.DE Yearly ROA, ROE, ROIC19V.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

1.3 Margins

The Profit Margin of 19V (21.26%) is better than 99.05% of its industry peers.
In the last couple of years the Profit Margin of 19V has grown nicely.
Looking at the Operating Margin, with a value of 26.50%, 19V belongs to the top of the industry, outperforming 98.10% of the companies in the same industry.
In the last couple of years the Operating Margin of 19V has grown nicely.
19V has a better Gross Margin (65.96%) than 90.48% of its industry peers.
In the last couple of years the Gross Margin of 19V has grown nicely.
Industry RankSector Rank
OM 26.5%
PM (TTM) 21.26%
GM 65.96%
OM growth 3Y-2.68%
OM growth 5Y7.38%
PM growth 3Y-2.33%
PM growth 5Y11.38%
GM growth 3Y2.06%
GM growth 5Y2.14%
19V.DE Yearly Profit, Operating, Gross Margins19V.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

7

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so 19V is creating value.
Compared to 1 year ago, 19V has about the same amount of shares outstanding.
The number of shares outstanding for 19V remains at a similar level compared to 5 years ago.
19V has a worse debt/assets ratio than last year.
19V.DE Yearly Shares Outstanding19V.DE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M
19V.DE Yearly Total Debt VS Total Assets19V.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

An Altman-Z score of 11.69 indicates that 19V is not in any danger for bankruptcy at the moment.
19V's Altman-Z score of 11.69 is amongst the best of the industry. 19V outperforms 99.05% of its industry peers.
The Debt to FCF ratio of 19V is 1.94, which is an excellent value as it means it would take 19V, only 1.94 years of fcf income to pay off all of its debts.
19V has a better Debt to FCF ratio (1.94) than 80.95% of its industry peers.
19V has a Debt/Equity ratio of 0.30. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.30, 19V perfoms like the industry average, outperforming 55.24% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.3
Debt/FCF 1.94
Altman-Z 11.69
ROIC/WACC5.17
WACC4.9%
19V.DE Yearly LT Debt VS Equity VS FCF19V.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.3 Liquidity

19V has a Current Ratio of 1.49. This is a normal value and indicates that 19V is financially healthy and should not expect problems in meeting its short term obligations.
19V has a Current ratio (1.49) which is in line with its industry peers.
19V has a Quick Ratio of 1.49. This is a bad value and indicates that 19V is not financially healthy enough and could expect problems in meeting its short term obligations.
19V has a Quick ratio (0.89) which is in line with its industry peers.
19V does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 1.49
Quick Ratio 0.89
19V.DE Yearly Current Assets VS Current Liabilites19V.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

7

3. Growth

3.1 Past

19V shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.73%, which is quite good.
Measured over the past years, 19V shows a very strong growth in Earnings Per Share. The EPS has been growing by 23.18% on average per year.
19V shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 19.22%.
The Revenue has been growing by 10.56% on average over the past years. This is quite good.
EPS 1Y (TTM)11.73%
EPS 3Y-0.83%
EPS 5Y23.18%
EPS Q2Q%12.46%
Revenue 1Y (TTM)19.22%
Revenue growth 3Y1.49%
Revenue growth 5Y10.56%
Sales Q2Q%-37.09%

3.2 Future

The Earnings Per Share is expected to grow by 16.92% on average over the next years. This is quite good.
19V is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.41% yearly.
EPS Next Y18.79%
EPS Next 2Y18.11%
EPS Next 3Y18.86%
EPS Next 5Y16.92%
Revenue Next Year17.25%
Revenue Next 2Y13.92%
Revenue Next 3Y14.49%
Revenue Next 5Y13.41%

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.
19V.DE Yearly Revenue VS Estimates19V.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 500M 1B 1.5B 2B
19V.DE Yearly EPS VS Estimates19V.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2 4 6 8 10

1

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 46.25 indicates a quite expensive valuation of 19V.
62.86% of the companies in the same industry are cheaper than 19V, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.89, 19V is valued quite expensively.
With a Price/Forward Earnings ratio of 35.41, 19V can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of 19V indicates a slightly more expensive valuation: 19V is more expensive than 75.24% of the companies listed in the same industry.
19V's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.99.
Industry RankSector Rank
PE 46.25
Fwd PE 35.41
19V.DE Price Earnings VS Forward Price Earnings19V.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

80.95% of the companies in the same industry are cheaper than 19V, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of 19V indicates a slightly more expensive valuation: 19V is more expensive than 70.48% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 48.98
EV/EBITDA 32.75
19V.DE Per share data19V.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates 19V does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of 19V may justify a higher PE ratio.
A more expensive valuation may be justified as 19V's earnings are expected to grow with 18.86% in the coming years.
PEG (NY)2.46
PEG (5Y)2
EPS Next 2Y18.11%
EPS Next 3Y18.86%

5

5. Dividend

5.1 Amount

19V has a Yearly Dividend Yield of 1.86%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.62, 19V pays a bit more dividend than its industry peers.
19V's Dividend Yield is comparable with the S&P500 average which is at 2.31.
Industry RankSector Rank
Dividend Yield 1.86%

5.2 History

On average, the dividend of 19V grows each year by 9.36%, which is quite nice.
Dividend Growth(5Y)9.36%
Div Incr Years0
Div Non Decr Years0
19V.DE Yearly Dividends per share19V.DE Yearly Dividends per shareYearly Dividends per share 2025 2 4 6

5.3 Sustainability

19V pays out 83.88% of its income as dividend. This is not a sustainable payout ratio.
The dividend of 19V is growing, but earnings are growing more, so the dividend growth is sustainable.
DP83.88%
EPS Next 2Y18.11%
EPS Next 3Y18.86%
19V.DE Yearly Income VS Free CF VS Dividend19V.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
19V.DE Dividend Payout.19V.DE Dividend Payout, showing the Payout Ratio.19V.DE Dividend Payout.PayoutRetained Earnings

VAT GROUP AG

FRA:19V (10/24/2025, 7:00:00 PM)

372.3

+9.7 (+2.68%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)10-16 2025-10-16
Earnings (Next)03-03 2026-03-03/amc
Inst Owners43.47%
Inst Owner ChangeN/A
Ins Owners10.19%
Ins Owner ChangeN/A
Market Cap11.17B
Revenue(TTM)1.05B
Net Income(TTM)223.37M
Analysts74.55
Price Target362.63 (-2.6%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.86%
Yearly Dividend6.76
Dividend Growth(5Y)9.36%
DP83.88%
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)0
Avg Revenue beat(2)-8.74%
Min Revenue beat(2)-16.17%
Max Revenue beat(2)-1.31%
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)0.32%
PT rev (3m)-6.75%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-9.74%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)-0.61%
Valuation
Industry RankSector Rank
PE 46.25
Fwd PE 35.41
P/S 9.83
P/FCF 48.98
P/OCF 38.43
P/B 14.88
P/tB 40.81
EV/EBITDA 32.75
EPS(TTM)8.05
EY2.16%
EPS(NY)10.51
Fwd EY2.82%
FCF(TTM)7.6
FCFY2.04%
OCF(TTM)9.69
OCFY2.6%
SpS37.87
BVpS25.03
TBVpS9.12
PEG (NY)2.46
PEG (5Y)2
Graham Number67.33
Profitability
Industry RankSector Rank
ROA 16.46%
ROE 32.17%
ROCE 28.81%
ROIC 25.32%
ROICexc 29.91%
ROICexgc 64.93%
OM 26.5%
PM (TTM) 21.26%
GM 65.96%
FCFM 20.08%
ROA(3y)18.9%
ROA(5y)18.01%
ROE(3y)30.85%
ROE(5y)30.06%
ROIC(3y)26.05%
ROIC(5y)24.36%
ROICexc(3y)31.64%
ROICexc(5y)29.27%
ROICexgc(3y)86.02%
ROICexgc(5y)82.27%
ROCE(3y)29.65%
ROCE(5y)27.72%
ROICexgc growth 3Y-14.87%
ROICexgc growth 5Y1.18%
ROICexc growth 3Y-6.24%
ROICexc growth 5Y12.85%
OM growth 3Y-2.68%
OM growth 5Y7.38%
PM growth 3Y-2.33%
PM growth 5Y11.38%
GM growth 3Y2.06%
GM growth 5Y2.14%
F-Score8
Asset Turnover0.77
Health
Industry RankSector Rank
Debt/Equity 0.3
Debt/FCF 1.94
Debt/EBITDA 0.64
Cap/Depr 128.65%
Cap/Sales 5.51%
Interest Coverage 68.62
Cash Conversion 83.11%
Profit Quality 94.42%
Current Ratio 1.49
Quick Ratio 0.89
Altman-Z 11.69
F-Score8
WACC4.9%
ROIC/WACC5.17
Cap/Depr(3y)151.09%
Cap/Depr(5y)120.09%
Cap/Sales(3y)6.5%
Cap/Sales(5y)5.41%
Profit Quality(3y)86.64%
Profit Quality(5y)93.06%
High Growth Momentum
Growth
EPS 1Y (TTM)11.73%
EPS 3Y-0.83%
EPS 5Y23.18%
EPS Q2Q%12.46%
EPS Next Y18.79%
EPS Next 2Y18.11%
EPS Next 3Y18.86%
EPS Next 5Y16.92%
Revenue 1Y (TTM)19.22%
Revenue growth 3Y1.49%
Revenue growth 5Y10.56%
Sales Q2Q%-37.09%
Revenue Next Year17.25%
Revenue Next 2Y13.92%
Revenue Next 3Y14.49%
Revenue Next 5Y13.41%
EBIT growth 1Y20.68%
EBIT growth 3Y-1.23%
EBIT growth 5Y18.72%
EBIT Next Year36.31%
EBIT Next 3Y22.91%
EBIT Next 5Y24.61%
FCF growth 1Y13.82%
FCF growth 3Y-2.04%
FCF growth 5Y5.79%
OCF growth 1Y0.77%
OCF growth 3Y0.12%
OCF growth 5Y8.82%

VAT GROUP AG / 19V.DE FAQ

What is the ChartMill fundamental rating of VAT GROUP AG (19V.DE) stock?

ChartMill assigns a fundamental rating of 7 / 10 to 19V.DE.


Can you provide the valuation status for VAT GROUP AG?

ChartMill assigns a valuation rating of 1 / 10 to VAT GROUP AG (19V.DE). This can be considered as Overvalued.


How profitable is VAT GROUP AG (19V.DE) stock?

VAT GROUP AG (19V.DE) has a profitability rating of 9 / 10.


Can you provide the financial health for 19V stock?

The financial health rating of VAT GROUP AG (19V.DE) is 7 / 10.


Is the dividend of VAT GROUP AG sustainable?

The dividend rating of VAT GROUP AG (19V.DE) is 4 / 10 and the dividend payout ratio is 83.88%.