VETOQUINOL SA (VETO.PA) Stock Fundamental Analysis

EPA:VETO • FR0004186856

84.7 EUR
-0.6 (-0.7%)
Last: Feb 27, 2026, 07:00 PM
Fundamental Rating

6

VETO gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 52 industry peers in the Pharmaceuticals industry. VETO has an excellent financial health rating, but there are some minor concerns on its profitability. VETO has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • In the past year VETO was profitable.
  • VETO had a positive operating cash flow in the past year.
  • Each year in the past 5 years VETO has been profitable.
  • Each year in the past 5 years VETO had a positive operating cash flow.
VETO.PA Yearly Net Income VS EBIT VS OCF VS FCFVETO.PA 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 0 50M -50M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 8.28%, VETO is in the better half of the industry, outperforming 65.38% of the companies in the same industry.
  • With a Return On Equity value of 10.59%, VETO perfoms like the industry average, outperforming 48.08% of the companies in the same industry.
  • The Return On Invested Capital of VETO (9.70%) is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for VETO is below the industry average of 14.12%.
Industry RankSector Rank
ROA 8.28%
ROE 10.59%
ROIC 9.7%
ROA(3y)7.76%
ROA(5y)7.26%
ROE(3y)10.21%
ROE(5y)10.01%
ROIC(3y)10.42%
ROIC(5y)10.94%
VETO.PA Yearly ROA, ROE, ROICVETO.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10

1.3 Margins

  • VETO has a Profit Margin of 11.28%. This is comparable to the rest of the industry: VETO outperforms 46.15% of its industry peers.
  • In the last couple of years the Profit Margin of VETO has grown nicely.
  • With a Operating Margin value of 14.91%, VETO perfoms like the industry average, outperforming 42.31% of the companies in the same industry.
  • In the last couple of years the Operating Margin of VETO has grown nicely.
  • With a Gross Margin value of 53.16%, VETO is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
  • In the last couple of years the Gross Margin of VETO has remained more or less at the same level.
Industry RankSector Rank
OM 14.91%
PM (TTM) 11.28%
GM 53.16%
OM growth 3Y-5.05%
OM growth 5Y4.22%
PM growth 3Y-3.36%
PM growth 5Y8.56%
GM growth 3Y0.01%
GM growth 5Y0.67%
VETO.PA Yearly Profit, Operating, Gross MarginsVETO.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

9

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so VETO is still creating some value.
  • VETO has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, VETO has less shares outstanding
  • The debt/assets ratio for VETO is higher compared to a year ago.
VETO.PA Yearly Shares OutstandingVETO.PA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
VETO.PA Yearly Total Debt VS Total AssetsVETO.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

  • VETO has an Altman-Z score of 6.42. This indicates that VETO is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 6.42, VETO belongs to the top of the industry, outperforming 86.54% of the companies in the same industry.
  • VETO has a debt to FCF ratio of 0.36. This is a very positive value and a sign of high solvency as it would only need 0.36 years to pay back of all of its debts.
  • VETO's Debt to FCF ratio of 0.36 is amongst the best of the industry. VETO outperforms 94.23% of its industry peers.
  • A Debt/Equity ratio of 0.02 indicates that VETO is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.02, VETO belongs to the top of the industry, outperforming 92.31% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 0.36
Altman-Z 6.42
ROIC/WACC1.21
WACC8.05%
VETO.PA Yearly LT Debt VS Equity VS FCFVETO.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M

2.3 Liquidity

  • VETO has a Current Ratio of 3.11. This indicates that VETO is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 3.11, VETO belongs to the top of the industry, outperforming 90.38% of the companies in the same industry.
  • A Quick Ratio of 2.13 indicates that VETO has no problem at all paying its short term obligations.
  • VETO's Quick ratio of 2.13 is amongst the best of the industry. VETO outperforms 86.54% of its industry peers.
Industry RankSector Rank
Current Ratio 3.11
Quick Ratio 2.13
VETO.PA Yearly Current Assets VS Current LiabilitesVETO.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

4

3. Growth

3.1 Past

  • VETO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 26.53%, which is quite impressive.
  • Measured over the past years, VETO shows a quite strong growth in Earnings Per Share. The EPS has been growing by 15.54% on average per year.
  • VETO shows a decrease in Revenue. In the last year, the revenue decreased by -0.95%.
  • Measured over the past years, VETO shows a small growth in Revenue. The Revenue has been growing by 6.37% on average per year.
EPS 1Y (TTM)26.53%
EPS 3Y-2.18%
EPS 5Y15.54%
EPS Q2Q%5.9%
Revenue 1Y (TTM)-0.95%
Revenue growth 3Y1.13%
Revenue growth 5Y6.37%
Sales Q2Q%-2.57%

3.2 Future

  • VETO is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.29% yearly.
  • The Revenue is expected to grow by 1.77% on average over the next years.
EPS Next Y0%
EPS Next 2Y2.13%
EPS Next 3Y3.3%
EPS Next 5Y4.29%
Revenue Next Year-1.84%
Revenue Next 2Y0.21%
Revenue Next 3Y1.51%
Revenue Next 5Y1.77%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less 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.
VETO.PA Yearly Revenue VS EstimatesVETO.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 100M 200M 300M 400M 500M
VETO.PA Yearly EPS VS EstimatesVETO.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3 4 5

5

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 16.81, the valuation of VETO can be described as correct.
  • Based on the Price/Earnings ratio, VETO is valued a bit cheaper than the industry average as 65.38% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 27.10. VETO is valued slightly cheaper when compared to this.
  • With a Price/Forward Earnings ratio of 16.32, VETO is valued correctly.
  • VETO's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. VETO is cheaper than 67.31% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of VETO to the average of the S&P500 Index (28.06), we can say VETO is valued slightly cheaper.
Industry RankSector Rank
PE 16.81
Fwd PE 16.32
VETO.PA Price Earnings VS Forward Price EarningsVETO.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • VETO's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. VETO is cheaper than 88.46% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, VETO is valued a bit cheaper than 71.15% of the companies in the same industry.
Industry RankSector Rank
P/FCF 20.39
EV/EBITDA 7.49
VETO.PA Per share dataVETO.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)1.08
EPS Next 2Y2.13%
EPS Next 3Y3.3%

4

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 1.03%, VETO has a reasonable but not impressive dividend return.
  • VETO's Dividend Yield is comparable with the industry average which is at 1.84.
  • With a Dividend Yield of 1.03, VETO pays less dividend than the S&P500 average, which is at 1.83.
Industry RankSector Rank
Dividend Yield 1.03%

5.2 History

  • The dividend of VETO is nicely growing with an annual growth rate of 12.15%!
Dividend Growth(5Y)12.15%
Div Incr Years2
Div Non Decr Years5
VETO.PA Yearly Dividends per shareVETO.PA Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

  • 17.31% of the earnings are spent on dividend by VETO. This is a low number and sustainable payout ratio.
  • VETO's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP17.31%
EPS Next 2Y2.13%
EPS Next 3Y3.3%
VETO.PA Yearly Income VS Free CF VS DividendVETO.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M -40M 60M
VETO.PA Dividend Payout.VETO.PA Dividend Payout, showing the Payout Ratio.VETO.PA Dividend Payout.PayoutRetained Earnings

VETOQUINOL SA

EPA:VETO (2/27/2026, 7:00:00 PM)

84.7

-0.6 (-0.7%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryPharmaceuticals
Earnings (Last)01-29
Earnings (Next)03-18
Inst Owners12.36%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.01B
Revenue(TTM)532.39M
Net Income(TTM)60.08M
Analysts80
Price Target92.41 (9.1%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.03%
Yearly Dividend0.85
Dividend Growth(5Y)12.15%
DP17.31%
Div Incr Years2
Div Non Decr Years5
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)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-0.46%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 16.81
Fwd PE 16.32
P/S 1.89
P/FCF 20.39
P/OCF 14.1
P/B 1.77
P/tB 2.79
EV/EBITDA 7.49
EPS(TTM)5.04
EY5.95%
EPS(NY)5.19
Fwd EY6.13%
FCF(TTM)4.15
FCFY4.9%
OCF(TTM)6.01
OCFY7.09%
SpS44.81
BVpS47.76
TBVpS30.36
PEG (NY)N/A
PEG (5Y)1.08
Graham Number73.6
Profitability
Industry RankSector Rank
ROA 8.28%
ROE 10.59%
ROCE 13.41%
ROIC 9.7%
ROICexc 14%
ROICexgc 28.21%
OM 14.91%
PM (TTM) 11.28%
GM 53.16%
FCFM 9.27%
ROA(3y)7.76%
ROA(5y)7.26%
ROE(3y)10.21%
ROE(5y)10.01%
ROIC(3y)10.42%
ROIC(5y)10.94%
ROICexc(3y)14.12%
ROICexc(5y)14.55%
ROICexgc(3y)32.54%
ROICexgc(5y)64.95%
ROCE(3y)14.44%
ROCE(5y)15.15%
ROICexgc growth 3Y-12.45%
ROICexgc growth 5Y-6.32%
ROICexc growth 3Y-4.01%
ROICexc growth 5Y0.96%
OM growth 3Y-5.05%
OM growth 5Y4.22%
PM growth 3Y-3.36%
PM growth 5Y8.56%
GM growth 3Y0.01%
GM growth 5Y0.67%
F-Score8
Asset Turnover0.73
Health
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 0.36
Debt/EBITDA 0.09
Cap/Depr 67.44%
Cap/Sales 4.14%
Interest Coverage 224.29
Cash Conversion 63.69%
Profit Quality 82.14%
Current Ratio 3.11
Quick Ratio 2.13
Altman-Z 6.42
F-Score8
WACC8.05%
ROIC/WACC1.21
Cap/Depr(3y)55.27%
Cap/Depr(5y)116.71%
Cap/Sales(3y)3.68%
Cap/Sales(5y)10.26%
Profit Quality(3y)108.96%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)26.53%
EPS 3Y-2.18%
EPS 5Y15.54%
EPS Q2Q%5.9%
EPS Next Y0%
EPS Next 2Y2.13%
EPS Next 3Y3.3%
EPS Next 5Y4.29%
Revenue 1Y (TTM)-0.95%
Revenue growth 3Y1.13%
Revenue growth 5Y6.37%
Sales Q2Q%-2.57%
Revenue Next Year-1.84%
Revenue Next 2Y0.21%
Revenue Next 3Y1.51%
Revenue Next 5Y1.77%
EBIT growth 1Y22.66%
EBIT growth 3Y-3.97%
EBIT growth 5Y10.86%
EBIT Next Year34.71%
EBIT Next 3Y14.95%
EBIT Next 5Y10.55%
FCF growth 1Y-40.35%
FCF growth 3Y5.94%
FCF growth 5Y12.58%
OCF growth 1Y-32.73%
OCF growth 3Y-1.47%
OCF growth 5Y10.53%

VETOQUINOL SA / VETO.PA FAQ

What is the fundamental rating for VETO stock?

ChartMill assigns a fundamental rating of 6 / 10 to VETO.PA.


What is the valuation status for VETO stock?

ChartMill assigns a valuation rating of 5 / 10 to VETOQUINOL SA (VETO.PA). This can be considered as Fairly Valued.


How profitable is VETOQUINOL SA (VETO.PA) stock?

VETOQUINOL SA (VETO.PA) has a profitability rating of 5 / 10.


How financially healthy is VETOQUINOL SA?

The financial health rating of VETOQUINOL SA (VETO.PA) is 9 / 10.


Can you provide the dividend sustainability for VETO stock?

The dividend rating of VETOQUINOL SA (VETO.PA) is 4 / 10 and the dividend payout ratio is 17.31%.