VOESTALPINE AG (VAS.DE) Stock Fundamental Analysis
FRA:VAS - AT0000937503 - Common Stock
28.3 EUR
-0.16 (-0.56%)
Taking everything into account, VAS scores 4 out of 10 in our fundamental rating. VAS was compared to 38 industry peers in the Metals & Mining industry. While VAS is still in line with the averages on profitability rating, there are concerns on its financial health. VAS is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
VAS had positive earnings in the past year.
VAS had a positive operating cash flow in the past year.
In the past 5 years VAS has always been profitable.
VAS had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
VAS's Return On Assets of 0.98% is in line compared to the rest of the industry. VAS outperforms 44.74% of its industry peers.
With a Return On Equity value of 2.12%, VAS perfoms like the industry average, outperforming 44.74% of the companies in the same industry.
The Return On Invested Capital of VAS (2.46%) is comparable to the rest of the industry.
VAS had an Average Return On Invested Capital over the past 3 years of 5.56%. This is below the industry average of 7.63%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.98% | ||
| ROE | 2.12% | ||
| ROIC | 2.46% |
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 (0.97%) which is in line with its industry peers.
In the last couple of years the Profit Margin of VAS has declined.
VAS has a Operating Margin (2.85%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of VAS has declined.
With a Gross Margin value of 18.03%, VAS perfoms like the industry average, outperforming 42.11% of the companies in the same industry.
VAS's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.85% | ||
| PM (TTM) | 0.97% | ||
| GM | 18.03% |
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.
VAS has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, VAS has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.26 indicates that VAS is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.26, VAS is in the better half of the industry, outperforming 60.53% of the companies in the same industry.
The Debt to FCF ratio of VAS is 11.17, which is on the high side as it means it would take VAS, 11.17 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of VAS (11.17) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.37 indicates that VAS is not too dependend on debt financing.
VAS has a Debt to Equity ratio of 0.37. This is in the lower half of the industry: VAS underperforms 60.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 11.17 | ||
| Altman-Z | 2.26 |
ROIC/WACC0.32
WACC7.81%
2.3 Liquidity
VAS has a Current Ratio of 1.44. This is a normal value and indicates that VAS is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.44, VAS is doing worse than 68.42% of the companies in the same industry.
VAS has a Quick Ratio of 1.44. 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 0.55 is on the low side compared to the rest of the industry. VAS is outperformed by 81.58% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.44 | ||
| Quick Ratio | 0.55 |
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.
VAS shows a decrease in Revenue. In the last year, the revenue decreased by -5.64%.
The Revenue has been growing slightly by 4.36% on average over the past years.
EPS 1Y (TTM)109.09%
EPS 3Y-50.53%
EPS 5YN/A
EPS Q2Q%-24.68%
Revenue 1Y (TTM)-5.64%
Revenue growth 3Y1.8%
Revenue growth 5Y4.36%
Sales Q2Q%-5.89%
3.2 Future
The Earnings Per Share is expected to grow by 38.08% on average over the next years. This is a very strong growth
The Revenue is expected to decrease by -0.41% on average over the next years.
EPS Next Y154.56%
EPS Next 2Y85.63%
EPS Next 3Y55.63%
EPS Next 5Y38.08%
Revenue Next Year-2.31%
Revenue Next 2Y0.06%
Revenue Next 3Y0.36%
Revenue Next 5Y-0.41%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
VAS is valuated quite expensively with a Price/Earnings ratio of 41.01.
Compared to the rest of the industry, the Price/Earnings ratio of VAS is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 27.08. VAS is valued rather expensively when compared to this.
The Price/Forward Earnings ratio is 9.33, which indicates a very decent valuation of VAS.
Based on the Price/Forward Earnings ratio, VAS is valued a bit cheaper than 78.95% of the companies in the same industry.
VAS is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.72, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.01 | ||
| Fwd PE | 9.33 |
4.2 Price Multiples
VAS's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. VAS is cheaper than 78.95% of the companies in the same industry.
VAS's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. VAS is cheaper than 78.95% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.2 | ||
| EV/EBITDA | 4.82 |
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.
VAS's earnings are expected to grow with 55.63% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.27
PEG (5Y)N/A
EPS Next 2Y85.63%
EPS Next 3Y55.63%
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 3.47, VAS pays a better dividend. On top of this VAS pays more dividend than 84.21% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, VAS pays a better dividend.
| 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
78.18% of the earnings are spent on dividend by VAS. This is not a sustainable payout ratio.
DP78.18%
EPS Next 2Y85.63%
EPS Next 3Y55.63%
FRA:VAS (8/29/2025, 7:00:00 PM)
28.3
-0.16 (-0.56%)
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 Cap5.05B
Analysts75.29
Price Target29.12 (2.9%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.75% |
Yearly Dividend0.7
Dividend Growth(5Y)-10.86%
DP78.18%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-85.94%
Min EPS beat(2)-172.05%
Max EPS beat(2)0.17%
EPS beat(4)1
Avg EPS beat(4)-60.08%
Min EPS beat(4)-172.05%
Max EPS beat(4)0.17%
EPS beat(8)1
Avg EPS beat(8)-48.21%
EPS beat(12)3
Avg EPS beat(12)-34.17%
EPS beat(16)7
Avg EPS beat(16)-19.59%
Revenue beat(2)0
Avg Revenue beat(2)-1.71%
Min Revenue beat(2)-2.48%
Max Revenue beat(2)-0.93%
Revenue beat(4)1
Avg Revenue beat(4)-1.91%
Min Revenue beat(4)-5%
Max Revenue beat(4)0.77%
Revenue beat(8)2
Avg Revenue beat(8)-1.54%
Revenue beat(12)6
Avg Revenue beat(12)1.55%
Revenue beat(16)7
Avg Revenue beat(16)0.01%
PT rev (1m)3.01%
PT rev (3m)7.87%
EPS NQ rev (1m)0%
EPS NQ rev (3m)68.73%
EPS NY rev (1m)-4.76%
EPS NY rev (3m)-4.76%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.94%
Revenue NY rev (1m)-4.91%
Revenue NY rev (3m)-4.91%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.01 | ||
| Fwd PE | 9.33 | ||
| P/S | 0.32 | ||
| P/FCF | 16.2 | ||
| P/OCF | 3.56 | ||
| P/B | 0.7 | ||
| P/tB | 0.85 | ||
| EV/EBITDA | 4.82 |
EPS(TTM)0.69
EY2.44%
EPS(NY)3.03
Fwd EY10.72%
FCF(TTM)1.75
FCFY6.17%
OCF(TTM)7.96
OCFY28.11%
SpS88.18
BVpS40.46
TBVpS33.13
PEG (NY)0.27
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.98% | ||
| ROE | 2.12% | ||
| ROCE | 4.31% | ||
| ROIC | 2.46% | ||
| ROICexc | 2.73% | ||
| ROICexgc | 3.13% | ||
| OM | 2.85% | ||
| PM (TTM) | 0.97% | ||
| GM | 18.03% | ||
| FCFM | 1.98% |
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%
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-Score6
Asset Turnover1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 11.17 | ||
| Debt/EBITDA | 1.98 | ||
| Cap/Depr | 124.84% | ||
| Cap/Sales | 7.04% | ||
| Interest Coverage | 2.56 | ||
| Cash Conversion | 106.23% | ||
| Profit Quality | 203.19% | ||
| Current Ratio | 1.44 | ||
| Quick Ratio | 0.55 | ||
| Altman-Z | 2.26 |
F-Score6
WACC7.81%
ROIC/WACC0.32
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 3Y55.63%
EPS Next 5Y38.08%
Revenue 1Y (TTM)-5.64%
Revenue growth 3Y1.8%
Revenue growth 5Y4.36%
Sales Q2Q%-5.89%
Revenue Next Year-2.31%
Revenue Next 2Y0.06%
Revenue Next 3Y0.36%
Revenue Next 5Y-0.41%
EBIT growth 1Y-19.3%
EBIT growth 3Y-27.41%
EBIT growth 5YN/A
EBIT Next Year174.19%
EBIT Next 3Y45.8%
EBIT Next 5Y32.72%
FCF growth 1Y-14.78%
FCF growth 3Y-19.09%
FCF growth 5Y-10.92%
OCF growth 1Y-1.89%
OCF growth 3Y4.55%
OCF growth 5Y1.73%