VASTNED NV (VASTB.BR) Stock Fundamental Analysis
EBR:VASTB - BE0003754687 - REIT
28.6 EUR
+0.1 (+0.35%)
VASTB gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 41 industry peers in the Diversified REITs industry. There are concerns on the financial health of VASTB while its profitability can be described as average. VASTB has a valuation in line with the averages, but it does not seem to be growing. Finally VASTB also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
VASTB had positive earnings in the past year.
VASTB had a positive operating cash flow in the past year.
VASTB had positive earnings in 4 of the past 5 years.
VASTB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
VASTB's Return On Assets of 0.83% is on the low side compared to the rest of the industry. VASTB is outperformed by 60.98% of its industry peers.
VASTB has a Return On Equity of 1.52%. This is in the lower half of the industry: VASTB underperforms 63.41% of its industry peers.
VASTB has a worse Return On Invested Capital (0.88%) than 82.93% of its industry peers.
The Average Return On Invested Capital over the past 3 years for VASTB is in line with the industry average of 3.48%.
| 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
Looking at the Profit Margin, with a value of 58.39%, VASTB is in the better half of the industry, outperforming 68.29% of the companies in the same industry.
In the last couple of years the Profit Margin of VASTB has grown nicely.
VASTB has a Operating Margin (72.59%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of VASTB has declined.
The Gross Margin of VASTB (92.60%) is better than 85.37% 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), VASTB is destroying value.
VASTB has about the same amout of shares outstanding than it did 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 0.55. This is a bad value and indicates that VASTB is not financially healthy and even has some risk of bankruptcy.
VASTB has a worse Altman-Z score (0.55) than 68.29% of its industry peers.
VASTB has a debt to FCF ratio of 21.37. This is a negative value and a sign of low solvency as VASTB would need 21.37 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 21.37, VASTB is doing worse than 60.98% of the companies in the same industry.
VASTB has a Debt/Equity ratio of 0.56. This is a neutral value indicating VASTB is somewhat dependend on debt financing.
The Debt to Equity ratio of VASTB (0.56) is better than 78.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 21.37 | ||
| Altman-Z | 0.55 |
ROIC/WACC0.12
WACC7.09%
2.3 Liquidity
A Current Ratio of 0.11 indicates that VASTB may have some problems paying its short term obligations.
The Current ratio of VASTB (0.11) is worse than 82.93% of its industry peers.
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: 82.93% 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
VASTB shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -5.73%.
VASTB shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 19.77% yearly.
VASTB shows a decrease in Revenue. In the last year, the revenue decreased by -1.52%.
Measured over the past years, VASTB shows a decrease in Revenue. The Revenue has been decreasing by -1.05% on average per year.
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 Y50.99%
EPS Next 2Y13.11%
EPS Next 3Y13.57%
EPS Next 5YN/A
Revenue Next Year3.17%
Revenue Next 2Y2.72%
Revenue Next 3Y2.33%
Revenue Next 5YN/A
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
VASTB is valuated correctly with a Price/Earnings ratio of 13.62.
VASTB's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 27.06. VASTB is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 11.73, the valuation of VASTB can be described as reasonable.
VASTB's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of VASTB to the average of the S&P500 Index (22.69), we can say VASTB is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.62 | ||
| Fwd PE | 11.73 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of VASTB indicates a rather expensive valuation: VASTB more expensive than 80.49% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, VASTB is valued a bit more expensive than the industry average as 73.17% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.48 | ||
| EV/EBITDA | 78.06 |
4.3 Compensation for Growth
VASTB'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 VASTB's earnings are expected to grow with 13.57% in the coming years.
PEG (NY)0.27
PEG (5Y)0.69
EPS Next 2Y13.11%
EPS Next 3Y13.57%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 8.11%, VASTB is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.47, VASTB pays a better dividend. On top of this VASTB pays more dividend than 92.68% of the companies listed in the same industry.
VASTB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.11% |
5.2 History
On average, the dividend of VASTB grows each year by 10.30%, which is quite nice.
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 2Y13.11%
EPS Next 3Y13.57%
EBR:VASTB (9/5/2025, 7:00:00 PM)
28.6
+0.1 (+0.35%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners6.38%
Inst Owner ChangeN/A
Ins Owners39.23%
Ins Owner ChangeN/A
Market Cap556.84M
Analysts44.44
Price Target30.94 (8.18%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.11% |
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)12.35%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)48.58%
EPS NY rev (3m)48.58%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)9.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.62 | ||
| Fwd PE | 11.73 | ||
| P/S | 30.55 | ||
| P/FCF | 23.48 | ||
| P/OCF | 23.01 | ||
| P/B | 0.79 | ||
| P/tB | 0.79 | ||
| EV/EBITDA | 78.06 |
EPS(TTM)2.1
EY7.34%
EPS(NY)2.44
Fwd EY8.52%
FCF(TTM)1.22
FCFY4.26%
OCF(TTM)1.24
OCFY4.35%
SpS0.94
BVpS36.07
TBVpS36.07
PEG (NY)0.27
PEG (5Y)0.69
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 | 0.55 |
F-Score3
WACC7.09%
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 Y50.99%
EPS Next 2Y13.11%
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 Year3.17%
Revenue Next 2Y2.72%
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 Year14.86%
EBIT Next 3Y10.49%
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%