VOESTALPINE AG (VAS.DE) Stock Fundamental Analysis
Europe - FRA:VAS - AT0000937503 - Common Stock
29.04 EUR
-0.26 (-0.89%)
We assign a fundamental rating of 4 out of 10 to VAS. VAS was compared to 39 industry peers in the Metals & Mining industry. VAS may be in some trouble as it scores bad on both profitability and health. VAS has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
VAS had positive earnings in the past year.
In the past year VAS had a positive cash flow from operations.
In the past 5 years VAS has always been profitable.
In the past 5 years VAS always reported a positive cash flow from operatings.
1.2 Ratios
VAS's Return On Assets of 0.77% is in line compared to the rest of the industry. VAS outperforms 46.15% of its industry peers.
VAS has a Return On Equity (1.63%) which is comparable to the rest of the industry.
VAS has a worse Return On Invested Capital (2.21%) than 61.54% of its industry peers.
The Average Return On Invested Capital over the past 3 years for VAS is below the industry average of 7.90%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.77% | ||
| ROE | 1.63% | ||
| ROIC | 2.21% |
ROA(3y)2.62%
ROA(5y)3.15%
ROE(3y)5.95%
ROE(5y)7.48%
ROIC(3y)5.56%
ROIC(5y)5.26%
1.3 Margins
VAS has a Profit Margin (0.77%) which is in line with its industry peers.
VAS's Profit Margin has declined in the last couple of years.
VAS's Operating Margin of 2.52% is on the low side compared to the rest of the industry. VAS is outperformed by 61.54% of its industry peers.
In the last couple of years the Operating Margin of VAS has declined.
With a Gross Margin value of 17.80%, VAS is not doing good in the industry: 64.10% of the companies in the same industry are doing better.
VAS's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.52% | ||
| PM (TTM) | 0.77% | ||
| GM | 17.8% |
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%
2. Health
2.1 Basic Checks
VAS has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, VAS has about the same amount of shares outstanding.
Compared to 5 years ago, VAS has less shares outstanding
VAS has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.23 indicates that VAS is not a great score, but indicates only limited risk for bankruptcy at the moment.
VAS has a Altman-Z score of 2.23. This is comparable to the rest of the industry: VAS outperforms 53.85% of its industry peers.
The Debt to FCF ratio of VAS is 6.98, which is on the high side as it means it would take VAS, 6.98 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 6.98, VAS is in line with its industry, outperforming 58.97% of the companies in the same industry.
A Debt/Equity ratio of 0.31 indicates that VAS is not too dependend on debt financing.
VAS's Debt to Equity ratio of 0.31 is in line compared to the rest of the industry. VAS outperforms 43.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 6.98 | ||
| Altman-Z | 2.23 |
ROIC/WACC0.3
WACC7.33%
2.3 Liquidity
A Current Ratio of 1.35 indicates that VAS should not have too much problems paying its short term obligations.
VAS has a worse Current ratio (1.35) than 76.92% of its industry peers.
VAS has a Quick Ratio of 1.35. This is a bad value and indicates that VAS is not financially healthy enough and could expect problems in meeting its short term obligations.
VAS's Quick ratio of 0.53 is on the low side compared to the rest of the industry. VAS is outperformed by 82.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.35 | ||
| Quick Ratio | 0.53 |
3. Growth
3.1 Past
VAS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 109.09%, which is quite impressive.
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.
Looking at the last year, VAS shows a decrease in Revenue. The Revenue has decreased by -5.40% in the last 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)109.09%
EPS 3Y-50.53%
EPS 5YN/A
EPS Q2Q%-24.68%
Revenue 1Y (TTM)-5.4%
Revenue growth 3Y1.8%
Revenue growth 5Y4.36%
Sales Q2Q%-5.89%
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 38.12% on average per year.
VAS is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.38% yearly.
EPS Next Y154.56%
EPS Next 2Y85.63%
EPS Next 3Y57.87%
EPS Next 5Y38.12%
Revenue Next Year-2.52%
Revenue Next 2Y0.04%
Revenue Next 3Y0.35%
Revenue Next 5Y-0.38%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
VAS is valuated quite expensively with a Price/Earnings ratio of 42.09.
VAS's Price/Earnings ratio is in line with the industry average.
VAS is valuated expensively when we compare the Price/Earnings ratio to 27.41, which is the current average of the S&P500 Index.
VAS is valuated reasonably with a Price/Forward Earnings ratio of 9.58.
Based on the Price/Forward Earnings ratio, VAS is valued a bit cheaper than 76.92% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of VAS to the average of the S&P500 Index (22.87), we can say VAS is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.09 | ||
| Fwd PE | 9.58 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, VAS is valued cheaply inside the industry as 84.62% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of VAS indicates a rather cheap valuation: VAS is cheaper than 92.31% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.09 | ||
| EV/EBITDA | 4.79 |
4.3 Compensation for Growth
VAS'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 VAS's earnings are expected to grow with 57.87% in the coming years.
PEG (NY)0.27
PEG (5Y)N/A
EPS Next 2Y85.63%
EPS Next 3Y57.87%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.75%, VAS is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.93, VAS pays a better dividend. On top of this VAS pays more dividend than 87.18% of the companies listed in the same industry.
VAS's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector 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
5.3 Sustainability
VAS pays out 100.84% of its income as dividend. This is not a sustainable payout ratio.
DP100.84%
EPS Next 2Y85.63%
EPS Next 3Y57.87%
FRA:VAS (9/23/2025, 7:00:00 PM)
29.04
-0.26 (-0.89%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners22.48%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap5.19B
Analysts75.29
Price Target29.46 (1.45%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.75% |
Yearly Dividend0.7
Dividend Growth(5Y)-10.86%
DP100.84%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-91.19%
Min EPS beat(2)-172.05%
Max EPS beat(2)-10.32%
EPS beat(4)1
Avg EPS beat(4)-62.04%
Min EPS beat(4)-172.05%
Max EPS beat(4)0.17%
EPS beat(8)1
Avg EPS beat(8)-47.03%
EPS beat(12)2
Avg EPS beat(12)-37.76%
EPS beat(16)6
Avg EPS beat(16)-21.46%
Revenue beat(2)0
Avg Revenue beat(2)-3.63%
Min Revenue beat(2)-4.77%
Max Revenue beat(2)-2.48%
Revenue beat(4)1
Avg Revenue beat(4)-1.85%
Min Revenue beat(4)-4.77%
Max Revenue beat(4)0.77%
Revenue beat(8)2
Avg Revenue beat(8)-1.94%
Revenue beat(12)5
Avg Revenue beat(12)0.92%
Revenue beat(16)7
Avg Revenue beat(16)0.17%
PT rev (1m)4.22%
PT rev (3m)6.41%
EPS NQ rev (1m)0%
EPS NQ rev (3m)86.12%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.76%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.96%
Revenue NY rev (1m)-0.22%
Revenue NY rev (3m)-5.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.09 | ||
| Fwd PE | 9.58 | ||
| P/S | 0.33 | ||
| P/FCF | 10.09 | ||
| P/OCF | 3.14 | ||
| P/B | 0.71 | ||
| P/tB | 0.87 | ||
| EV/EBITDA | 4.79 |
EPS(TTM)0.69
EY2.38%
EPS(NY)3.03
Fwd EY10.44%
FCF(TTM)2.88
FCFY9.91%
OCF(TTM)9.24
OCFY31.82%
SpS86.81
BVpS40.8
TBVpS33.49
PEG (NY)0.27
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.77% | ||
| ROE | 1.63% | ||
| ROCE | 3.92% | ||
| ROIC | 2.21% | ||
| ROICexc | 2.51% | ||
| ROICexgc | 2.9% | ||
| OM | 2.52% | ||
| PM (TTM) | 0.77% | ||
| GM | 17.8% | ||
| FCFM | 3.32% |
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%
ROICexcg growth 3Y-25.66%
ROICexcg 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-Score5
Asset Turnover1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 6.98 | ||
| Debt/EBITDA | 1.75 | ||
| Cap/Depr | 127.94% | ||
| Cap/Sales | 7.33% | ||
| Interest Coverage | 2.39 | ||
| Cash Conversion | 129% | ||
| Profit Quality | 431.93% | ||
| Current Ratio | 1.35 | ||
| Quick Ratio | 0.53 | ||
| Altman-Z | 2.23 |
F-Score5
WACC7.33%
ROIC/WACC0.3
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)109.09%
EPS 3Y-50.53%
EPS 5YN/A
EPS Q2Q%-24.68%
EPS Next Y154.56%
EPS Next 2Y85.63%
EPS Next 3Y57.87%
EPS Next 5Y38.12%
Revenue 1Y (TTM)-5.4%
Revenue growth 3Y1.8%
Revenue growth 5Y4.36%
Sales Q2Q%-5.89%
Revenue Next Year-2.52%
Revenue Next 2Y0.04%
Revenue Next 3Y0.35%
Revenue Next 5Y-0.38%
EBIT growth 1Y-17.8%
EBIT growth 3Y-27.41%
EBIT growth 5YN/A
EBIT Next Year174.19%
EBIT Next 3Y45.94%
EBIT Next 5Y32.76%
FCF growth 1Y-24.03%
FCF growth 3Y-19.09%
FCF growth 5Y-10.92%
OCF growth 1Y8.77%
OCF growth 3Y4.55%
OCF growth 5Y1.73%