VOESTALPINE AG (VAS.DE) Fundamental Analysis & Valuation

FRA:VAS • AT0000937503

Current stock price

37.24 EUR
-0.5 (-1.32%)
Last:

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

4

1. VAS.DE Profitability Analysis

1.1 Basic Checks

  • VAS had positive earnings in the past year.
  • VAS had a positive operating cash flow in the past year.
  • VAS had positive earnings in each of the past 5 years.
  • VAS had a positive operating cash flow in each of the past 5 years.
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 (1.48%) which is in line with its industry peers.
  • VAS has a Return On Equity (3.05%) which is in line with its industry peers.
  • Looking at the Return On Invested Capital, with a value of 2.99%, VAS is in line with its industry, outperforming 43.59% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for VAS is below the industry average of 8.58%.
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 has a Profit Margin of 1.49%. This is comparable to the rest of the industry: VAS outperforms 43.59% of its industry peers.
  • VAS's Profit Margin has declined in the last couple of years.
  • VAS has a Operating Margin of 3.48%. This is in the lower half of the industry: VAS underperforms 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 19.50%, VAS perfoms like the industry average, outperforming 41.03% 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.
  • VAS has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, VAS has an improved debt to assets ratio.
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 2.40 indicates that VAS is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • With a Altman-Z score value of 2.40, VAS perfoms like the industry average, outperforming 56.41% of the companies in the same industry.
  • The Debt to FCF ratio of VAS is 4.24, which is a neutral value as it means it would take VAS, 4.24 years of fcf income to pay off all of its debts.
  • VAS has a better Debt to FCF ratio (4.24) than 66.67% of its industry peers.
  • A Debt/Equity ratio of 0.28 indicates that VAS is not too dependend on debt financing.
  • VAS has a Debt to Equity ratio (0.28) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF 4.24
Altman-Z 2.4
ROIC/WACC0.35
WACC8.67%
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 Current ratio of 1.33. This is amonst the worse of the industry: VAS underperforms 82.05% 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 worse Quick ratio (0.45) than 89.74% 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.
  • VAS shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -50.53% yearly.
  • VAS shows a decrease in Revenue. In the last year, the revenue decreased by -5.59%.
  • The Revenue has been growing slightly by 4.36% on average over the past years.
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

  • VAS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 41.51% yearly.
  • The Revenue is expected to decrease by -1.07% on average over the next years.
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.
  • 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.
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

  • The Price/Earnings ratio is 28.65, which means the current valuation is very expensive for VAS.
  • VAS's Price/Earnings is on the same level as the industry average.
  • The average S&P500 Price/Earnings ratio is at 25.23. VAS is around the same levels.
  • VAS is valuated reasonably with a Price/Forward Earnings ratio of 9.87.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of VAS indicates a somewhat cheap valuation: VAS is cheaper than 74.36% of the companies listed in the same industry.
  • VAS's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.42.
Industry RankSector Rank
PE 28.65
Fwd PE 9.87
VAS.DE Price Earnings VS Forward Price EarningsVAS.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, VAS is valued cheaper than 87.18% of the companies in the same industry.
  • VAS's Price/Free Cash Flow ratio is rather cheap when compared to the industry. VAS is cheaper than 94.87% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.82
EV/EBITDA 5.65
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

  • VAS's 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 71.44% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.18
PEG (5Y)N/A
EPS Next 2Y107.09%
EPS Next 3Y71.44%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. VAS.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 5.75%, VAS is a good candidate for dividend investing.
  • VAS's Dividend Yield is rather good when compared to the industry average which is at 1.68. VAS pays more dividend than 94.87% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, 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 (3/20/2026, 7:00:00 PM)

37.24

-0.5 (-1.32%)

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 Cap6.65B
Revenue(TTM)15.14B
Net Income(TTM)225.40M
Analysts76
Price Target45.13 (21.19%)
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)2.03%
EPS NQ rev (3m)-8.56%
EPS NY rev (1m)-3.1%
EPS NY rev (3m)-0.6%
Revenue NQ rev (1m)-0.92%
Revenue NQ rev (3m)-1.69%
Revenue NY rev (1m)0.02%
Revenue NY rev (3m)-0.7%
Valuation
Industry RankSector Rank
PE 28.65
Fwd PE 9.87
P/S 0.44
P/FCF 8.82
P/OCF 3.69
P/B 0.9
P/tB 1.09
EV/EBITDA 5.65
EPS(TTM)1.3
EY3.49%
EPS(NY)3.77
Fwd EY10.13%
FCF(TTM)4.22
FCFY11.34%
OCF(TTM)10.1
OCFY27.12%
SpS84.8
BVpS41.37
TBVpS34.07
PEG (NY)0.18
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 2.4
F-Score6
WACC8.67%
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 5 / 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 4 / 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 28.65 and the Price/Book (PB) ratio is 0.9.


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.