VOESTALPINE AG (VAS.DE) Stock Fundamental Analysis

FRA:VAS • AT0000937503

44.72 EUR
-0.52 (-1.15%)
Last: Feb 17, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Overall VAS gets a fundamental rating of 4 out of 10. We evaluated VAS against 46 industry peers in the Metals & Mining industry. VAS has a bad profitability rating. Also its financial health evaluation is rather negative. VAS has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • In the past year VAS was profitable.
  • 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's Return On Assets of 0.77% is on the low side compared to the rest of the industry. VAS is outperformed by 65.22% of its industry peers.
  • The Return On Equity of VAS (1.63%) is worse than 65.22% of its industry peers.
  • VAS has a worse Return On Invested Capital (2.21%) than 63.04% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for VAS is below the industry average of 7.65%.
Industry RankSector 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%
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

  • Looking at the Profit Margin, with a value of 0.77%, VAS is doing worse than 65.22% of the companies in the same industry.
  • VAS's Profit Margin has declined in the last couple of years.
  • VAS has a Operating Margin of 2.52%. This is in the lower half of the industry: VAS underperforms 63.04% of its industry peers.
  • VAS's Operating Margin has declined in the last couple of years.
  • VAS has a Gross Margin of 17.80%. This is comparable to the rest of the industry: VAS outperforms 41.30% of its industry peers.
  • In the last couple of years the Gross Margin of VAS has remained more or less at the same level.
Industry RankSector 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%
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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ROAROEROICOperating and Profit MarginShow most profitable peers

3

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.
  • The number of shares outstanding for VAS has been reduced compared to 5 years ago.
  • The debt/assets ratio for VAS has been reduced compared to a year ago.
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

  • VAS has an Altman-Z score of 2.44. This is not the best score and indicates that VAS is in the grey zone with still only limited risk for bankruptcy at the moment.
  • With a Altman-Z score value of 2.44, VAS perfoms like the industry average, outperforming 54.35% of the companies in the same industry.
  • VAS has a debt to FCF ratio of 6.98. This is a slightly negative value and a sign of low solvency as VAS would need 6.98 years to pay back of all of its debts.
  • With a Debt to FCF ratio value of 6.98, VAS perfoms like the industry average, outperforming 58.70% of the companies in the same industry.
  • VAS has a Debt/Equity ratio of 0.31. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.31, VAS is in line with its industry, outperforming 43.48% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.31
Debt/FCF 6.98
Altman-Z 2.44
ROIC/WACC0.26
WACC8.56%
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 1.35. 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 1.35. This is amonst the worse of the industry: VAS underperforms 84.78% of its industry peers.
  • A Quick Ratio of 0.53 indicates that VAS may have some problems paying its short term obligations.
  • VAS has a worse Quick ratio (0.53) than 86.96% of its industry peers.
Industry RankSector Rank
Current Ratio 1.35
Quick Ratio 0.53
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. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 390.61% 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.
  • The Revenue has decreased by -5.64% in the past year.
  • Measured over the past years, VAS shows a small growth in Revenue. The Revenue has been growing by 4.36% on average per year.
EPS 1Y (TTM)390.61%
EPS 3Y-50.53%
EPS 5YN/A
EPS Q2Q%-48.37%
Revenue 1Y (TTM)-5.64%
Revenue growth 3Y1.8%
Revenue growth 5Y4.36%
Sales Q2Q%-6.33%

3.2 Future

  • VAS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 40.86% yearly.
  • VAS is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.53% yearly.
EPS Next Y168.57%
EPS Next 2Y103.17%
EPS Next 3Y68.29%
EPS Next 5Y40.86%
Revenue Next Year-4.15%
Revenue Next 2Y-0.43%
Revenue Next 3Y0.63%
Revenue Next 5Y-1.53%

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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Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 43.84, the valuation of VAS can be described as expensive.
  • VAS's Price/Earnings is on the same level as the industry average.
  • When comparing the Price/Earnings ratio of VAS to the average of the S&P500 Index (27.16), we can say VAS is valued expensively.
  • The Price/Forward Earnings ratio is 12.31, which indicates a correct valuation of VAS.
  • Based on the Price/Forward Earnings ratio, VAS is valued cheaper than 80.43% of the companies 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 28.10.
Industry RankSector Rank
PE 43.84
Fwd PE 12.31
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 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of VAS indicates a rather cheap valuation: VAS is cheaper than 82.61% of the companies listed in the same industry.
  • VAS's Price/Free Cash Flow ratio is rather cheap when compared to the industry. VAS is cheaper than 91.30% of the companies in the same industry.
Industry RankSector Rank
P/FCF 15.53
EV/EBITDA 6.98
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.
  • VAS's earnings are expected to grow with 68.29% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.26
PEG (5Y)N/A
EPS Next 2Y103.17%
EPS Next 3Y68.29%

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

5

5. Dividend

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 1.70. VAS pays more dividend than 95.65% of the companies in the same industry.
  • VAS's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
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

  • 100.84% of the earnings are spent on dividend by VAS. This is not a sustainable payout ratio.
DP100.84%
EPS Next 2Y103.17%
EPS Next 3Y68.29%
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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VOESTALPINE AG

FRA:VAS (2/17/2026, 7:00:00 PM)

44.72

-0.52 (-1.15%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-11
Earnings (Next)06-03
Inst Owners23.03%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap7.98B
Revenue(TTM)15.74B
Net Income(TTM)119.00M
Analysts77.5
Price Target42.26 (-5.5%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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)-48.04%
EPS beat(12)2
Avg EPS beat(12)-38.44%
EPS beat(16)6
Avg EPS beat(16)-21.97%
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)-1.95%
Revenue beat(12)5
Avg Revenue beat(12)0.91%
Revenue beat(16)7
Avg Revenue beat(16)0.16%
PT rev (1m)11.83%
PT rev (3m)32.04%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)1.52%
EPS NY rev (3m)7.61%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.11%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.87%
Valuation
Industry RankSector Rank
PE 43.84
Fwd PE 12.31
P/S 0.52
P/FCF 15.53
P/OCF 4.84
P/B 1.1
P/tB 1.34
EV/EBITDA 6.98
EPS(TTM)1.02
EY2.28%
EPS(NY)3.63
Fwd EY8.12%
FCF(TTM)2.88
FCFY6.44%
OCF(TTM)9.24
OCFY20.67%
SpS86.81
BVpS40.8
TBVpS33.49
PEG (NY)0.26
PEG (5Y)N/A
Graham Number30.6
Profitability
Industry RankSector 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%
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-Score5
Asset Turnover1
Health
Industry RankSector 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 2.44
F-Score5
WACC8.56%
ROIC/WACC0.26
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)390.61%
EPS 3Y-50.53%
EPS 5YN/A
EPS Q2Q%-48.37%
EPS Next Y168.57%
EPS Next 2Y103.17%
EPS Next 3Y68.29%
EPS Next 5Y40.86%
Revenue 1Y (TTM)-5.64%
Revenue growth 3Y1.8%
Revenue growth 5Y4.36%
Sales Q2Q%-6.33%
Revenue Next Year-4.15%
Revenue Next 2Y-0.43%
Revenue Next 3Y0.63%
Revenue Next 5Y-1.53%
EBIT growth 1Y-17.8%
EBIT growth 3Y-27.41%
EBIT growth 5YN/A
EBIT Next Year162.93%
EBIT Next 3Y50.06%
EBIT Next 5Y33.23%
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%

VOESTALPINE AG / VAS.DE 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 6 / 10 to VOESTALPINE AG (VAS.DE). This can be considered as Fairly Valued.


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 43.84 and the Price/Book (PB) ratio is 1.1.


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 168.57% in the next year.