VOESTALPINE AG (VAS.DE) Stock Fundamental Analysis
Europe - FRA:VAS - AT0000937503 - Common Stock
31.5 EUR
+0.38 (+1.22%)
Taking everything into account, VAS scores 4 out of 10 in our fundamental rating. VAS was compared to 43 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.
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.
VAS had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.77%, VAS is in line with its industry, outperforming 44.19% of the companies in the same industry.
With a Return On Equity value of 1.63%, VAS perfoms like the industry average, outperforming 41.86% of the companies in the same industry.
VAS has a Return On Invested Capital of 2.21%. This is in the lower half of the industry: VAS underperforms 62.79% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for VAS is below the industry average of 8.00%.
| 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.
Looking at the Operating Margin, with a value of 2.52%, VAS is doing worse than 62.79% of the companies in the same industry.
VAS's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 17.80%, VAS is not doing good in the industry: 62.79% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of VAS has remained more or less at the same level.
| 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.
The number of shares outstanding for VAS remains at a similar level compared to 1 year ago.
Compared to 5 years ago, VAS has less shares outstanding
Compared to 1 year ago, VAS has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.27 indicates that VAS is not a great score, but indicates only limited risk for bankruptcy at the moment.
VAS's Altman-Z score of 2.27 is in line compared to the rest of the industry. VAS outperforms 51.16% 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.
With a Debt to FCF ratio value of 6.98, VAS perfoms like the industry average, outperforming 55.81% 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.
VAS has a Debt to Equity ratio of 0.31. This is in the lower half of the industry: VAS underperforms 60.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 6.98 | ||
| Altman-Z | 2.27 |
ROIC/WACC0.3
WACC7.49%
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's Current ratio of 1.35 is on the low side compared to the rest of the industry. VAS is outperformed by 81.40% of its industry peers.
A Quick Ratio of 0.53 indicates that VAS may have some problems paying 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 88.37% 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.
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 -5.40%.
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)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
VAS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 37.97% yearly.
The Revenue is expected to decrease by -0.49% on average over the next years.
EPS Next Y151.73%
EPS Next 2Y86.49%
EPS Next 3Y57.64%
EPS Next 5Y37.97%
Revenue Next Year-2.54%
Revenue Next 2Y0.03%
Revenue Next 3Y0.78%
Revenue Next 5Y-0.49%
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.
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
With a Price/Earnings ratio of 45.65, VAS can be considered very expensive at the moment.
The rest of the industry has a similar Price/Earnings ratio as VAS.
Compared to an average S&P500 Price/Earnings ratio of 27.69, VAS is valued quite expensively.
A Price/Forward Earnings ratio of 10.29 indicates a reasonable valuation of VAS.
76.74% of the companies in the same industry are more expensive than VAS, based on the Price/Forward Earnings ratio.
VAS is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.18, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.65 | ||
| Fwd PE | 10.29 |
4.2 Price Multiples
81.40% of the companies in the same industry are more expensive than VAS, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, VAS is valued cheaper than 93.02% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.94 | ||
| EV/EBITDA | 5.14 |
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 57.64% in the coming years.
PEG (NY)0.3
PEG (5Y)N/A
EPS Next 2Y86.49%
EPS Next 3Y57.64%
5. Dividend
5.1 Amount
VAS has a Yearly Dividend Yield of 5.75%, which is a nice return.
VAS's Dividend Yield is rather good when compared to the industry average which is at 2.51. VAS pays more dividend than 95.35% of the companies in the same industry.
VAS's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| 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 2Y86.49%
EPS Next 3Y57.64%
FRA:VAS (10/20/2025, 7:00:00 PM)
31.5
+0.38 (+1.22%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners23.46%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap5.62B
Analysts75.29
Price Target30.09 (-4.48%)
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)2.12%
PT rev (3m)6.43%
EPS NQ rev (1m)-6.26%
EPS NQ rev (3m)58.06%
EPS NY rev (1m)-1.11%
EPS NY rev (3m)-5.82%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.95%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)-5.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.65 | ||
| Fwd PE | 10.29 | ||
| P/S | 0.36 | ||
| P/FCF | 10.94 | ||
| P/OCF | 3.41 | ||
| P/B | 0.77 | ||
| P/tB | 0.94 | ||
| EV/EBITDA | 5.14 |
EPS(TTM)0.69
EY2.19%
EPS(NY)3.06
Fwd EY9.72%
FCF(TTM)2.88
FCFY9.14%
OCF(TTM)9.24
OCFY29.34%
SpS86.81
BVpS40.8
TBVpS33.49
PEG (NY)0.3
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 | 2.27 |
F-Score5
WACC7.49%
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 Y151.73%
EPS Next 2Y86.49%
EPS Next 3Y57.64%
EPS Next 5Y37.97%
Revenue 1Y (TTM)-5.4%
Revenue growth 3Y1.8%
Revenue growth 5Y4.36%
Sales Q2Q%-5.89%
Revenue Next Year-2.54%
Revenue Next 2Y0.03%
Revenue Next 3Y0.78%
Revenue Next 5Y-0.49%
EBIT growth 1Y-17.8%
EBIT growth 3Y-27.41%
EBIT growth 5YN/A
EBIT Next Year160.47%
EBIT Next 3Y46.73%
EBIT Next 5Y32.61%
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%