VOESTALPINE AG (VAS.DE) Fundamental Analysis & Valuation

FRA:VAS • AT0000937503

Current stock price

41.64 EUR
-1.44 (-3.34%)
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.
  • In the past 5 years VAS has always been profitable.
  • 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

  • The Return On Assets of VAS (1.48%) is comparable to the rest of the industry.
  • VAS has a Return On Equity (3.05%) which is comparable to the rest of the industry.
  • VAS's Return On Invested Capital of 2.99% is in line compared to the rest of the industry. VAS outperforms 43.18% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for VAS is below the industry average of 8.77%.
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 (1.49%) 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 of 3.48%. This is in the lower half of the industry: VAS underperforms 61.36% of its industry peers.
  • VAS's Operating Margin has declined in the last couple of years.
  • VAS has a Gross Margin of 19.50%. This is comparable to the rest of the industry: VAS outperforms 40.91% of its industry peers.
  • VAS's Gross Margin has been stable in the last couple of years.
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

  • VAS has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • VAS has about the same amout of shares outstanding than it did 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.
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 2.48 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 2.48. This is comparable to the rest of the industry: VAS outperforms 50.00% of its industry peers.
  • 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.
  • With a decent Debt to FCF ratio value of 4.24, VAS is doing good in the industry, outperforming 65.91% of the companies in the same industry.
  • VAS has a Debt/Equity ratio of 0.28. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of VAS (0.28) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF 4.24
Altman-Z 2.48
ROIC/WACC0.34
WACC8.9%
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.
  • Looking at the Current ratio, with a value of 1.33, VAS is doing worse than 84.09% of the companies in the same industry.
  • VAS has a Quick Ratio of 1.33. This is a bad value and indicates that VAS is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.45, VAS is doing worse than 90.91% of the companies in the same industry.
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

  • VAS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 471.43%, which is quite impressive.
  • The earnings per share for VAS have been decreasing by -50.53% on average. This is quite bad
  • VAS shows a decrease in Revenue. In the last year, the revenue decreased by -5.59%.
  • 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)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 Y148.51%
EPS Next 2Y102.11%
EPS Next 3Y69.15%
EPS Next 5Y41.51%
Revenue Next Year-5.15%
Revenue Next 2Y-0.81%
Revenue Next 3Y0.42%
Revenue Next 5Y-1.07%

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.
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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6

4. VAS.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 32.03 indicates a quite expensive valuation of VAS.
  • VAS's Price/Earnings ratio is in line with the industry average.
  • VAS's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.42.
  • Based on the Price/Forward Earnings ratio of 11.58, the valuation of VAS can be described as reasonable.
  • VAS's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. VAS is cheaper than 61.36% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.24, VAS is valued a bit cheaper.
Industry RankSector Rank
PE 32.03
Fwd PE 11.58
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

4.2 Price Multiples

  • VAS's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. VAS is cheaper than 88.64% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, VAS is valued cheaply inside the industry as 95.45% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 9.86
EV/EBITDA 6.38
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.
  • A more expensive valuation may be justified as VAS's earnings are expected to grow with 69.15% in the coming years.
PEG (NY)0.22
PEG (5Y)N/A
EPS Next 2Y102.11%
EPS Next 3Y69.15%

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

6

5. VAS.DE Dividend Analysis

5.1 Amount

  • VAS has a Yearly Dividend Yield of 5.75%, which is a nice return.
  • Compared to an average industry Dividend Yield of 1.53, VAS pays a better dividend. On top of this VAS pays more dividend than 97.73% 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 1.81.
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 2Y102.11%
EPS Next 3Y69.15%
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 (4/24/2026, 7:00:00 PM)

41.64

-1.44 (-3.34%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-11
Earnings (Next)06-03
Inst Owners26.34%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap7.43B
Revenue(TTM)15.14B
Net Income(TTM)225.40M
Analysts72
Price Target45.88 (10.18%)
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)1.66%
PT rev (3m)21.42%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-8.56%
EPS NY rev (1m)-4.51%
EPS NY rev (3m)-6.06%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.69%
Revenue NY rev (1m)-0.3%
Revenue NY rev (3m)-1.05%
Valuation
Industry RankSector Rank
PE 32.03
Fwd PE 11.58
P/S 0.49
P/FCF 9.86
P/OCF 4.12
P/B 1.01
P/tB 1.22
EV/EBITDA 6.38
EPS(TTM)1.3
EY3.12%
EPS(NY)3.59
Fwd EY8.63%
FCF(TTM)4.22
FCFY10.14%
OCF(TTM)10.1
OCFY24.25%
SpS84.8
BVpS41.37
TBVpS34.07
PEG (NY)0.22
PEG (5Y)N/A
Graham Number34.7863 (-16.46%)
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 2.48
F-Score6
WACC8.9%
ROIC/WACC0.34
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 Y148.51%
EPS Next 2Y102.11%
EPS Next 3Y69.15%
EPS Next 5Y41.51%
Revenue 1Y (TTM)-5.59%
Revenue growth 3Y1.8%
Revenue growth 5Y4.36%
Sales Q2Q%-4.09%
Revenue Next Year-5.15%
Revenue Next 2Y-0.81%
Revenue Next 3Y0.42%
Revenue Next 5Y-1.07%
EBIT growth 1Y118.19%
EBIT growth 3Y-27.41%
EBIT growth 5YN/A
EBIT Next Year157.65%
EBIT Next 3Y50.79%
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 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.


How profitable is VOESTALPINE AG (VAS.DE) stock?

VOESTALPINE AG (VAS.DE) has a profitability rating of 4 / 10.


Can you provide the PE and PB ratios for VAS stock?

The Price/Earnings (PE) ratio for VOESTALPINE AG (VAS.DE) is 32.03 and the Price/Book (PB) ratio is 1.01.


Is the dividend of VOESTALPINE AG sustainable?

The dividend rating of VOESTALPINE AG (VAS.DE) is 6 / 10 and the dividend payout ratio is 45.65%.