VASTNED NV (VASTB.BR) Stock Fundamental Analysis
Europe - EBR:VASTB - BE0003754687 - REIT
29.5 EUR
+0.1 (+0.34%)
Taking everything into account, VASTB scores 3 out of 10 in our fundamental rating. VASTB was compared to 40 industry peers in the Diversified REITs industry. VASTB has a medium profitability rating, but doesn't score so well on its financial health evaluation. VASTB has a valuation in line with the averages, but it does not seem to be growing. VASTB also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year VASTB was profitable.
VASTB had a positive operating cash flow in the past year.
VASTB had positive earnings in 4 of the past 5 years.
Each year in the past 5 years VASTB had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 0.83%, VASTB is not doing good in the industry: 65.00% of the companies in the same industry are doing better.
With a Return On Equity value of 1.52%, VASTB is not doing good in the industry: 67.50% of the companies in the same industry are doing better.
With a Return On Invested Capital value of 0.88%, VASTB is not doing good in the industry: 85.00% of the companies in the same industry are doing better.
Measured over the past 3 years, the Average Return On Invested Capital for VASTB is in line with the industry average of 3.44%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.83% | ||
| ROE | 1.52% | ||
| ROIC | 0.88% |
ROA(3y)3.79%
ROA(5y)2.02%
ROE(3y)5.32%
ROE(5y)2.83%
ROIC(3y)3.57%
ROIC(5y)3.48%
1.3 Margins
VASTB has a better Profit Margin (58.39%) than 67.50% of its industry peers.
In the last couple of years the Profit Margin of VASTB has grown nicely.
VASTB has a Operating Margin (72.59%) which is in line with its industry peers.
VASTB's Operating Margin has declined in the last couple of years.
VASTB's Gross Margin of 92.60% is amongst the best of the industry. VASTB outperforms 85.00% of its industry peers.
VASTB's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 72.59% | ||
| PM (TTM) | 58.39% | ||
| GM | 92.6% |
OM growth 3Y-5.41%
OM growth 5Y-3.34%
PM growth 3Y34.39%
PM growth 5Y21.05%
GM growth 3Y-0.57%
GM growth 5Y-0.47%
2. Health
2.1 Basic Checks
VASTB 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 VASTB remains at a similar level compared to 1 year ago.
VASTB has about the same amout of shares outstanding than it did 5 years ago.
Compared to 1 year ago, VASTB has a worse debt to assets ratio.
2.2 Solvency
VASTB has an Altman-Z score of 0.57. This is a bad value and indicates that VASTB is not financially healthy and even has some risk of bankruptcy.
VASTB's Altman-Z score of 0.57 is on the low side compared to the rest of the industry. VASTB is outperformed by 70.00% of its industry peers.
The Debt to FCF ratio of VASTB is 21.37, which is on the high side as it means it would take VASTB, 21.37 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 21.37, VASTB is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
VASTB has a Debt/Equity ratio of 0.56. This is a neutral value indicating VASTB is somewhat dependend on debt financing.
VASTB has a Debt to Equity ratio of 0.56. This is in the better half of the industry: VASTB outperforms 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 21.37 | ||
| Altman-Z | 0.57 |
ROIC/WACC0.12
WACC7.13%
2.3 Liquidity
A Current Ratio of 0.11 indicates that VASTB may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.11, VASTB is doing worse than 85.00% of the companies in the same industry.
VASTB has a Quick Ratio of 0.11. This is a bad value and indicates that VASTB is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.11, VASTB is not doing good in the industry: 85.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.11 | ||
| Quick Ratio | 0.11 |
3. Growth
3.1 Past
The earnings per share for VASTB have decreased by -5.73% in the last year.
Measured over the past years, VASTB shows a quite strong growth in Earnings Per Share. The EPS has been growing by 19.77% on average per year.
VASTB shows a decrease in Revenue. In the last year, the revenue decreased by -1.52%.
VASTB shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.05% yearly.
EPS 1Y (TTM)-5.73%
EPS 3Y37.52%
EPS 5Y19.77%
EPS Q2Q%86.35%
Revenue 1Y (TTM)-1.52%
Revenue growth 3Y2.33%
Revenue growth 5Y-1.05%
Sales Q2Q%617.7%
3.2 Future
The Earnings Per Share is expected to grow by 13.57% on average over the next years. This is quite good.
Based on estimates for the next years, VASTB will show a small growth in Revenue. The Revenue will grow by 2.33% on average per year.
EPS Next Y75.68%
EPS Next 2Y17.06%
EPS Next 3Y13.57%
EPS Next 5YN/A
Revenue Next Year1.93%
Revenue Next 2Y2.43%
Revenue Next 3Y2.33%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past 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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 14.05, VASTB is valued correctly.
Compared to the rest of the industry, the Price/Earnings ratio of VASTB is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 27.32, VASTB is valued a bit cheaper.
The Price/Forward Earnings ratio is 11.30, which indicates a very decent valuation of VASTB.
VASTB's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.89, VASTB is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.05 | ||
| Fwd PE | 11.3 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, VASTB is valued expensively inside the industry as 82.50% of the companies are valued cheaper.
Based on the Price/Free Cash Flow ratio, VASTB is valued a bit more expensive than the industry average as 77.50% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.22 | ||
| EV/EBITDA | 79.5 |
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 VASTB's earnings are expected to grow with 13.57% in the coming years.
PEG (NY)0.19
PEG (5Y)0.71
EPS Next 2Y17.06%
EPS Next 3Y13.57%
5. Dividend
5.1 Amount
VASTB has a Yearly Dividend Yield of 7.86%, which is a nice return.
VASTB's Dividend Yield is rather good when compared to the industry average which is at 5.73. VASTB pays more dividend than 90.00% of the companies in the same industry.
VASTB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.86% |
5.2 History
The dividend of VASTB is nicely growing with an annual growth rate of 10.30%!
Dividend Growth(5Y)10.3%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
128.76% of the earnings are spent on dividend by VASTB. This is not a sustainable payout ratio.
VASTB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP128.76%
EPS Next 2Y17.06%
EPS Next 3Y13.57%
EBR:VASTB (9/26/2025, 7:00:00 PM)
29.5
+0.1 (+0.34%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners12.07%
Inst Owner ChangeN/A
Ins Owners41.48%
Ins Owner ChangeN/A
Market Cap574.37M
Analysts44.44
Price Target30.94 (4.88%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.86% |
Yearly Dividend4.65
Dividend Growth(5Y)10.3%
DP128.76%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)2.82%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)16.35%
EPS NY rev (3m)72.87%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.2%
Revenue NY rev (3m)7.87%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.05 | ||
| Fwd PE | 11.3 | ||
| P/S | 31.51 | ||
| P/FCF | 24.22 | ||
| P/OCF | 23.74 | ||
| P/B | 0.82 | ||
| P/tB | 0.82 | ||
| EV/EBITDA | 79.5 |
EPS(TTM)2.1
EY7.12%
EPS(NY)2.61
Fwd EY8.85%
FCF(TTM)1.22
FCFY4.13%
OCF(TTM)1.24
OCFY4.21%
SpS0.94
BVpS36.07
TBVpS36.07
PEG (NY)0.19
PEG (5Y)0.71
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.83% | ||
| ROE | 1.52% | ||
| ROCE | 1.17% | ||
| ROIC | 0.88% | ||
| ROICexc | 0.88% | ||
| ROICexgc | 0.88% | ||
| OM | 72.59% | ||
| PM (TTM) | 58.39% | ||
| GM | 92.6% | ||
| FCFM | 130.13% |
ROA(3y)3.79%
ROA(5y)2.02%
ROE(3y)5.32%
ROE(5y)2.83%
ROIC(3y)3.57%
ROIC(5y)3.48%
ROICexc(3y)3.58%
ROICexc(5y)3.49%
ROICexgc(3y)3.58%
ROICexgc(5y)3.49%
ROCE(3y)4.76%
ROCE(5y)4.64%
ROICexcg growth 3Y-4.16%
ROICexcg growth 5Y-2.55%
ROICexc growth 3Y-4.15%
ROICexc growth 5Y-2.54%
OM growth 3Y-5.41%
OM growth 5Y-3.34%
PM growth 3Y34.39%
PM growth 5Y21.05%
GM growth 3Y-0.57%
GM growth 5Y-0.47%
F-Score3
Asset Turnover0.01
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 21.37 | ||
| Debt/EBITDA | 28.85 | ||
| Cap/Depr | 139.07% | ||
| Cap/Sales | 2.62% | ||
| Interest Coverage | 1.66 | ||
| Cash Conversion | 178.25% | ||
| Profit Quality | 222.87% | ||
| Current Ratio | 0.11 | ||
| Quick Ratio | 0.11 | ||
| Altman-Z | 0.57 |
F-Score3
WACC7.13%
ROIC/WACC0.12
Cap/Depr(3y)70.59%
Cap/Depr(5y)46.65%
Cap/Sales(3y)1.07%
Cap/Sales(5y)0.74%
Profit Quality(3y)101.93%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-5.73%
EPS 3Y37.52%
EPS 5Y19.77%
EPS Q2Q%86.35%
EPS Next Y75.68%
EPS Next 2Y17.06%
EPS Next 3Y13.57%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.52%
Revenue growth 3Y2.33%
Revenue growth 5Y-1.05%
Sales Q2Q%617.7%
Revenue Next Year1.93%
Revenue Next 2Y2.43%
Revenue Next 3Y2.33%
Revenue Next 5YN/A
EBIT growth 1Y-18.46%
EBIT growth 3Y-3.21%
EBIT growth 5Y-4.36%
EBIT Next Year16.96%
EBIT Next 3Y8.14%
EBIT Next 5YN/A
FCF growth 1Y70.3%
FCF growth 3Y-13.18%
FCF growth 5Y-7.5%
OCF growth 1Y73.18%
OCF growth 3Y-11.87%
OCF growth 5Y-6.94%