VOESTALPINE AG (VAS.DE) Fundamental Analysis & Valuation

FRA:VAS • AT0000937503

Current stock price

39.52 EUR
-1.4 (-3.42%)
Last:

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

3

1. VAS.DE Profitability Analysis

1.1 Basic Checks

  • VAS had positive earnings in the past year.
  • In the past year VAS had a positive cash flow from operations.
  • Each year in the past 5 years VAS has been profitable.
  • In the past 5 years VAS always reported a positive cash flow from operatings.
VAS.DE Yearly Net Income VS EBIT VS OCF VS FCFVAS.DE 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 500M 1B 1.5B

1.2 Ratios

  • VAS has a Return On Assets of 1.48%. This is in the lower half of the industry: VAS underperforms 61.36% of its industry peers.
  • VAS's Return On Equity of 3.05% is on the low side compared to the rest of the industry. VAS is outperformed by 61.36% of its industry peers.
  • VAS has a Return On Invested Capital of 2.99%. This is comparable to the rest of the industry: VAS outperforms 40.91% of its industry peers.
  • VAS had an Average Return On Invested Capital over the past 3 years of 5.56%. This is below the industry average of 8.65%.
Industry RankSector Rank
ROA 1.48%
ROE 3.05%
ROIC 2.99%
ROA(3y)2.62%
ROA(5y)3.15%
ROE(3y)5.95%
ROE(5y)7.48%
ROIC(3y)5.56%
ROIC(5y)5.26%
VAS.DE Yearly ROA, ROE, ROICVAS.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15

1.3 Margins

  • VAS's Profit Margin of 1.49% is on the low side compared to the rest of the industry. VAS is outperformed by 61.36% of its industry peers.
  • VAS's Profit Margin has declined in the last couple of years.
  • VAS has a worse Operating Margin (3.48%) than 63.64% of its industry peers.
  • In the last couple of years the Operating Margin of VAS has declined.
  • Looking at the Gross Margin, with a value of 19.50%, VAS is in line with its industry, outperforming 40.91% of the companies in the same industry.
  • In the last couple of years the Gross Margin of VAS has remained more or less at the same level.
Industry RankSector Rank
OM 3.48%
PM (TTM) 1.49%
GM 19.5%
OM growth 3Y-28.69%
OM growth 5YN/A
PM growth 3Y-51.8%
PM growth 5YN/A
GM growth 3Y-7.16%
GM growth 5Y1.22%
VAS.DE Yearly Profit, Operating, Gross MarginsVAS.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15 20

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4

2. VAS.DE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), VAS is destroying value.
  • VAS has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, VAS has less shares outstanding
  • VAS has a better debt/assets ratio than last year.
VAS.DE Yearly Shares OutstandingVAS.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
VAS.DE Yearly Total Debt VS Total AssetsVAS.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.2 Solvency

  • An Altman-Z score of 2.44 indicates that VAS is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of VAS (2.44) is comparable to the rest of the industry.
  • VAS has a debt to FCF ratio of 4.24. This is a neutral value as VAS would need 4.24 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 4.24, VAS is in the better half of the industry, outperforming 65.91% of the companies in the same industry.
  • VAS has a Debt/Equity ratio of 0.28. This is a healthy value indicating a solid balance between debt and equity.
  • VAS has a Debt to Equity ratio of 0.28. This is comparable to the rest of the industry: VAS outperforms 43.18% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF 4.24
Altman-Z 2.44
ROIC/WACC0.35
WACC8.64%
VAS.DE Yearly LT Debt VS Equity VS FCFVAS.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B

2.3 Liquidity

  • VAS has a Current Ratio of 1.33. This is a normal value and indicates that VAS is financially healthy and should not expect problems in meeting its short term obligations.
  • VAS has a worse Current ratio (1.33) than 81.82% of its industry peers.
  • A Quick Ratio of 0.45 indicates that VAS may have some problems paying its short term obligations.
  • VAS has a Quick ratio of 0.45. This is amonst the worse of the industry: VAS underperforms 88.64% of its industry peers.
Industry RankSector Rank
Current Ratio 1.33
Quick Ratio 0.45
VAS.DE Yearly Current Assets VS Current LiabilitesVAS.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

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

4

3. VAS.DE Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 471.43% over the past year.
  • Measured over the past years, VAS shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -50.53% on average per year.
  • The Revenue has decreased by -5.59% in the past year.
  • VAS shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.36% yearly.
EPS 1Y (TTM)471.43%
EPS 3Y-50.53%
EPS 5YN/A
EPS Q2Q%169.23%
Revenue 1Y (TTM)-5.59%
Revenue growth 3Y1.8%
Revenue growth 5Y4.36%
Sales Q2Q%-4.09%

3.2 Future

  • Based on estimates for the next years, VAS will show a very strong growth in Earnings Per Share. The EPS will grow by 41.51% on average per year.
  • VAS is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.07% yearly.
EPS Next Y160.25%
EPS Next 2Y107.09%
EPS Next 3Y71.44%
EPS Next 5Y41.51%
Revenue Next Year-4.87%
Revenue Next 2Y-0.55%
Revenue Next 3Y0.61%
Revenue Next 5Y-1.07%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
VAS.DE Yearly Revenue VS EstimatesVAS.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 5B 10B 15B
VAS.DE Yearly EPS VS EstimatesVAS.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 2 4 6

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7

4. VAS.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 30.40, VAS can be considered very expensive at the moment.
  • VAS's Price/Earnings is on the same level as the industry average.
  • VAS is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.71, which is the current average of the S&P500 Index.
  • VAS is valuated reasonably with a Price/Forward Earnings ratio of 10.47.
  • Based on the Price/Forward Earnings ratio, VAS is valued a bit cheaper than 72.73% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of VAS to the average of the S&P500 Index (23.83), we can say VAS is valued rather cheaply.
Industry RankSector Rank
PE 30.4
Fwd PE 10.47
VAS.DE Price Earnings VS Forward Price EarningsVAS.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, VAS is valued cheaper than 88.64% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, VAS is valued cheaply inside the industry as 93.18% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 9.36
EV/EBITDA 5.93
VAS.DE Per share dataVAS.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

  • The 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 VAS's earnings are expected to grow with 71.44% in the coming years.
PEG (NY)0.19
PEG (5Y)N/A
EPS Next 2Y107.09%
EPS Next 3Y71.44%

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6

5. VAS.DE Dividend Analysis

5.1 Amount

  • VAS has a Yearly Dividend Yield of 5.75%, which is a nice return.
  • Compared to an average industry Dividend Yield of 1.61, VAS pays a better dividend. On top of this VAS pays more dividend than 95.45% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.91, VAS pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.75%

5.2 History

  • The dividend of VAS decreases each year by -10.86%.
Dividend Growth(5Y)-10.86%
Div Incr Years0
Div Non Decr Years0
VAS.DE Yearly Dividends per shareVAS.DE Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1

5.3 Sustainability

  • VAS pays out 45.65% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP45.65%
EPS Next 2Y107.09%
EPS Next 3Y71.44%
VAS.DE Yearly Income VS Free CF VS DividendVAS.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B
VAS.DE Dividend Payout.VAS.DE Dividend Payout, showing the Payout Ratio.VAS.DE Dividend Payout.PayoutRetained Earnings

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VAS.DE Fundamentals: All Metrics, Ratios and Statistics

VOESTALPINE AG

FRA:VAS (3/13/2026, 7:00:00 PM)

39.52

-1.4 (-3.42%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-11
Earnings (Next)06-03
Inst Owners25.69%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap7.06B
Revenue(TTM)15.14B
Net Income(TTM)225.40M
Analysts76
Price Target45.13 (14.2%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.75%
Yearly Dividend0.7
Dividend Growth(5Y)-10.86%
DP45.65%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)13.13%
Min EPS beat(2)-3.6%
Max EPS beat(2)29.85%
EPS beat(4)1
Avg EPS beat(4)-39.03%
Min EPS beat(4)-172.05%
Max EPS beat(4)29.85%
EPS beat(8)2
Avg EPS beat(8)-40.24%
EPS beat(12)3
Avg EPS beat(12)-31.16%
EPS beat(16)5
Avg EPS beat(16)-21.03%
Revenue beat(2)0
Avg Revenue beat(2)-1.51%
Min Revenue beat(2)-1.51%
Max Revenue beat(2)-1.5%
Revenue beat(4)0
Avg Revenue beat(4)-2.57%
Min Revenue beat(4)-4.77%
Max Revenue beat(4)-1.5%
Revenue beat(8)1
Avg Revenue beat(8)-2.06%
Revenue beat(12)3
Avg Revenue beat(12)-0.93%
Revenue beat(16)6
Avg Revenue beat(16)0.15%
PT rev (1m)6.8%
PT rev (3m)19.44%
EPS NQ rev (1m)2.73%
EPS NQ rev (3m)-0.11%
EPS NY rev (1m)-3.1%
EPS NY rev (3m)-0.6%
Revenue NQ rev (1m)-2.24%
Revenue NQ rev (3m)-2.15%
Revenue NY rev (1m)-0.75%
Revenue NY rev (3m)-0.7%
Valuation
Industry RankSector Rank
PE 30.4
Fwd PE 10.47
P/S 0.47
P/FCF 9.36
P/OCF 3.91
P/B 0.96
P/tB 1.16
EV/EBITDA 5.93
EPS(TTM)1.3
EY3.29%
EPS(NY)3.77
Fwd EY9.55%
FCF(TTM)4.22
FCFY10.68%
OCF(TTM)10.1
OCFY25.56%
SpS84.8
BVpS41.37
TBVpS34.07
PEG (NY)0.19
PEG (5Y)N/A
Graham Number34.79
Profitability
Industry RankSector Rank
ROA 1.48%
ROE 3.05%
ROCE 5.33%
ROIC 2.99%
ROICexc 3.26%
ROICexgc 3.75%
OM 3.48%
PM (TTM) 1.49%
GM 19.5%
FCFM 4.98%
ROA(3y)2.62%
ROA(5y)3.15%
ROE(3y)5.95%
ROE(5y)7.48%
ROIC(3y)5.56%
ROIC(5y)5.26%
ROICexc(3y)6.31%
ROICexc(5y)5.9%
ROICexgc(3y)7.4%
ROICexgc(5y)6.97%
ROCE(3y)9.88%
ROCE(5y)9.39%
ROICexgc growth 3Y-25.66%
ROICexgc growth 5YN/A
ROICexc growth 3Y-24.91%
ROICexc growth 5YN/A
OM growth 3Y-28.69%
OM growth 5YN/A
PM growth 3Y-51.8%
PM growth 5YN/A
GM growth 3Y-7.16%
GM growth 5Y1.22%
F-Score6
Asset Turnover0.99
Health
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF 4.24
Debt/EBITDA 1.48
Cap/Depr 118.19%
Cap/Sales 6.93%
Interest Coverage 3.65
Cash Conversion 127.47%
Profit Quality 334.43%
Current Ratio 1.33
Quick Ratio 0.45
Altman-Z 2.44
F-Score6
WACC8.64%
ROIC/WACC0.35
Cap/Depr(3y)101.98%
Cap/Depr(5y)94.91%
Cap/Sales(3y)5.88%
Cap/Sales(5y)5.51%
Profit Quality(3y)195.15%
Profit Quality(5y)617.46%
High Growth Momentum
Growth
EPS 1Y (TTM)471.43%
EPS 3Y-50.53%
EPS 5YN/A
EPS Q2Q%169.23%
EPS Next Y160.25%
EPS Next 2Y107.09%
EPS Next 3Y71.44%
EPS Next 5Y41.51%
Revenue 1Y (TTM)-5.59%
Revenue growth 3Y1.8%
Revenue growth 5Y4.36%
Sales Q2Q%-4.09%
Revenue Next Year-4.87%
Revenue Next 2Y-0.55%
Revenue Next 3Y0.61%
Revenue Next 5Y-1.07%
EBIT growth 1Y118.19%
EBIT growth 3Y-27.41%
EBIT growth 5YN/A
EBIT Next Year162.05%
EBIT Next 3Y51.94%
EBIT Next 5Y33.85%
FCF growth 1Y-24.79%
FCF growth 3Y-19.09%
FCF growth 5Y-10.92%
OCF growth 1Y-9.17%
OCF growth 3Y4.55%
OCF growth 5Y1.73%

VOESTALPINE AG / VAS.DE Fundamental Analysis FAQ

What is the ChartMill fundamental rating of VOESTALPINE AG (VAS.DE) stock?

ChartMill assigns a fundamental rating of 4 / 10 to VAS.DE.


Can you provide the valuation status for VOESTALPINE AG?

ChartMill assigns a valuation rating of 7 / 10 to VOESTALPINE AG (VAS.DE). This can be considered as Undervalued.


What is the profitability of VAS stock?

VOESTALPINE AG (VAS.DE) has a profitability rating of 3 / 10.


What is the valuation of VOESTALPINE AG based on its PE and PB ratios?

The Price/Earnings (PE) ratio for VOESTALPINE AG (VAS.DE) is 30.4 and the Price/Book (PB) ratio is 0.96.


Can you provide the expected EPS growth for VAS stock?

The Earnings per Share (EPS) of VOESTALPINE AG (VAS.DE) is expected to grow by 160.25% in the next year.