VAT GROUP AG (19V.DE) Stock Fundamental Analysis
FRA:19V - Deutsche Boerse Ag - CH0311864901 - Common Stock - Currency: EUR
We assign a fundamental rating of 7 out of 10 to 19V. 19V was compared to 105 industry peers in the Machinery industry. Both the health and profitability get an excellent rating, making 19V a very profitable company, without any liquidiy or solvency issues. 19V shows excellent growth, but is valued quite expensive already. These ratings could make 19V a good candidate for growth and quality investing.
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.
19V had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of 19V (16.46%) is better than 94.29% of its industry peers.
19V has a better Return On Equity (32.17%) than 93.33% 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.
The Average Return On Invested Capital over the past 3 years for 19V is significantly above the industry average of 8.85%.
| Industry Rank | Sector 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%
1.3 Margins
19V has a better Profit Margin (21.26%) 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.
19V's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 65.96%, 19V belongs to the best of the industry, outperforming 92.38% of the companies in the same industry.
In the last couple of years the Gross Margin of 19V has grown nicely.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), 19V is creating value.
The number of shares outstanding for 19V remains at a similar level compared to 1 year ago.
The number of shares outstanding for 19V remains at a similar level compared to 5 years ago.
Compared to 1 year ago, 19V has a worse debt to assets ratio.
2.2 Solvency
19V has an Altman-Z score of 10.08. This indicates that 19V is financially healthy and has little risk of bankruptcy at the moment.
19V has a better Altman-Z score (10.08) than 97.14% of its industry peers.
19V has a debt to FCF ratio of 1.94. This is a very positive value and a sign of high solvency as it would only need 1.94 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 1.94, 19V belongs to the best of the industry, outperforming 82.86% of the companies in the same industry.
19V has a Debt/Equity ratio of 0.30. This is a healthy value indicating a solid balance between debt and equity.
19V has a Debt to Equity ratio of 0.30. This is comparable to the rest of the industry: 19V outperforms 55.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 1.94 | ||
| Altman-Z | 10.08 |
ROIC/WACC5.09
WACC4.97%
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's Current ratio of 1.49 is in line compared to the rest of the industry. 19V outperforms 44.76% of its industry peers.
A Quick Ratio of 0.89 indicates that 19V may have some problems paying its short term obligations.
With a Quick ratio value of 0.89, 19V is not doing good in the industry: 61.90% of the companies in the same industry are doing better.
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 Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.49 | ||
| Quick Ratio | 0.89 |
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%.
19V shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.56% yearly.
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
Based on estimates for the next years, 19V will show a very strong growth in Earnings Per Share. The EPS will grow by 21.99% on average per year.
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 Y31.61%
EPS Next 2Y26.24%
EPS Next 3Y23.45%
EPS Next 5Y21.99%
Revenue Next Year16.32%
Revenue Next 2Y14.06%
Revenue Next 3Y14.44%
Revenue Next 5Y13.41%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last 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 38.30 indicates a quite expensive valuation of 19V.
Based on the Price/Earnings ratio, 19V is valued a bit more expensive than the industry average as 62.86% of the companies are valued more cheaply.
When comparing the Price/Earnings ratio of 19V to the average of the S&P500 Index (26.41), we can say 19V is valued slightly more expensively.
Based on the Price/Forward Earnings ratio of 25.66, the valuation of 19V can be described as expensive.
Based on the Price/Forward Earnings ratio, 19V is valued a bit more expensive than 71.43% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 33.87, 19V is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.3 | ||
| Fwd PE | 25.66 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, 19V is valued a bit more expensive than the industry average as 77.14% of the companies are valued more cheaply.
19V's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. 19V is more expensive than 65.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 40.54 | ||
| EV/EBITDA | 27.25 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
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 23.45% in the coming years.
PEG (NY)1.21
PEG (5Y)1.65
EPS Next 2Y26.24%
EPS Next 3Y23.45%
5. Dividend
5.1 Amount
19V has a Yearly Dividend Yield of 2.19%.
19V's Dividend Yield is a higher than the industry average which is at 2.82.
19V's Dividend Yield is comparable with the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.19% |
5.2 History
The dividend of 19V is nicely growing with an annual growth rate of 9.36%!
Dividend Growth(5Y)9.36%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
83.88% of the earnings are spent on dividend by 19V. 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 2Y26.24%
EPS Next 3Y23.45%
FRA:19V (8/11/2025, 7:00:00 PM)
302.2
-0.2 (-0.07%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners41.15%
Inst Owner ChangeN/A
Ins Owners10.19%
Ins Owner ChangeN/A
Market Cap9.07B
Analysts72.17
Price Target365.66 (21%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.19% |
Yearly Dividend6.64
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)-1%
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.4%
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.3 | ||
| Fwd PE | 25.66 | ||
| P/S | 8.14 | ||
| P/FCF | 40.54 | ||
| P/OCF | 31.81 | ||
| P/B | 12.31 | ||
| P/tB | 33.78 | ||
| EV/EBITDA | 27.25 |
EPS(TTM)7.89
EY2.61%
EPS(NY)11.78
Fwd EY3.9%
FCF(TTM)7.46
FCFY2.47%
OCF(TTM)9.5
OCFY3.14%
SpS37.14
BVpS24.54
TBVpS8.95
PEG (NY)1.21
PEG (5Y)1.65
Profitability
| Industry Rank | Sector 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%
ROICexcg growth 3Y-14.87%
ROICexcg 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 Rank | Sector 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 | 10.08 |
F-Score8
WACC4.97%
ROIC/WACC5.09
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 Y31.61%
EPS Next 2Y26.24%
EPS Next 3Y23.45%
EPS Next 5Y21.99%
Revenue 1Y (TTM)19.22%
Revenue growth 3Y1.49%
Revenue growth 5Y10.56%
Sales Q2Q%-37.09%
Revenue Next Year16.32%
Revenue Next 2Y14.06%
Revenue Next 3Y14.44%
Revenue Next 5Y13.41%
EBIT growth 1Y20.68%
EBIT growth 3Y-1.23%
EBIT growth 5Y18.72%
EBIT Next Year43.58%
EBIT Next 3Y25.43%
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%