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VAN LANSCHOT KEMPEN NV (VLK.AS) Stock Fundamental Analysis

AMS:VLK - Euronext Amsterdam - NL0000302636 - Currency: EUR

55.5  -0.1 (-0.18%)

Fundamental Rating

4

VLK gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 107 industry peers in the Capital Markets industry. There are concerns on the financial health of VLK while its profitability can be described as average. VLK has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year VLK was profitable.
VLK had a positive operating cash flow in the past year.
Each year in the past 5 years VLK has been profitable.
VLK had a positive operating cash flow in each of the past 5 years.
VLK.AS Yearly Net Income VS EBIT VS OCF VS FCFVLK.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M 1B

1.2 Ratios

VLK's Return On Assets of 0.78% is in line compared to the rest of the industry. VLK outperforms 46.73% of its industry peers.
Looking at the Return On Equity, with a value of 9.57%, VLK is in line with its industry, outperforming 57.94% of the companies in the same industry.
Industry RankSector Rank
ROA 0.78%
ROE 9.57%
ROIC N/A
ROA(3y)0.64%
ROA(5y)0.61%
ROE(3y)7.99%
ROE(5y)7.37%
ROIC(3y)N/A
ROIC(5y)N/A
VLK.AS Yearly ROA, ROE, ROICVLK.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8

1.3 Margins

VLK has a Profit Margin of 17.20%. This is in the better half of the industry: VLK outperforms 63.55% of its industry peers.
In the last couple of years the Profit Margin of VLK has grown nicely.
VLK does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 17.2%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-6.26%
PM growth 5Y3.98%
GM growth 3YN/A
GM growth 5YN/A
VLK.AS Yearly Profit, Operating, Gross MarginsVLK.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

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2

2. Health

2.1 Basic Checks

Compared to 1 year ago, VLK has less shares outstanding
VLK has more shares outstanding than it did 5 years ago.
The debt/assets ratio for VLK has been reduced compared to a year ago.
VLK.AS Yearly Shares OutstandingVLK.AS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
VLK.AS Yearly Total Debt VS Total AssetsVLK.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.2 Solvency

The Debt to FCF ratio of VLK is 41.46, which is on the high side as it means it would take VLK, 41.46 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 41.46, VLK is in the better half of the industry, outperforming 61.68% of the companies in the same industry.
A Debt/Equity ratio of 1.45 is on the high side and indicates that VLK has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.45, VLK is in line with its industry, outperforming 44.86% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.45
Debt/FCF 41.46
Altman-Z N/A
ROIC/WACCN/A
WACCN/A
VLK.AS Yearly LT Debt VS Equity VS FCFVLK.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
VLK.AS Yearly Current Assets VS Current LiabilitesVLK.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

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5

3. Growth

3.1 Past

VLK shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.27%, which is quite good.
VLK shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.54% yearly.
The Revenue has been growing slightly by 7.12% in the past year.
Measured over the past years, VLK shows a small growth in Revenue. The Revenue has been growing by 3.15% on average per year.
EPS 1Y (TTM)9.27%
EPS 3Y-2.47%
EPS 5Y5.54%
EPS Q2Q%-11.24%
Revenue 1Y (TTM)7.12%
Revenue growth 3Y5.32%
Revenue growth 5Y3.15%
Sales Q2Q%2.91%

3.2 Future

Based on estimates for the next years, VLK will show a small growth in Earnings Per Share. The EPS will grow by 7.91% on average per year.
The Revenue is expected to grow by 3.98% on average over the next years.
EPS Next Y-0.84%
EPS Next 2Y3.35%
EPS Next 3Y5.44%
EPS Next 5Y7.91%
Revenue Next Year3.41%
Revenue Next 2Y3.53%
Revenue Next 3Y4.1%
Revenue Next 5Y3.98%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
VLK.AS Yearly Revenue VS EstimatesVLK.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 200M 400M 600M 800M
VLK.AS Yearly EPS VS EstimatesVLK.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3 4

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4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 16.82, which indicates a correct valuation of VLK.
Compared to the rest of the industry, the Price/Earnings ratio of VLK indicates a somewhat cheap valuation: VLK is cheaper than 68.22% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.19. VLK is valued slightly cheaper when compared to this.
VLK is valuated correctly with a Price/Forward Earnings ratio of 16.96.
70.09% of the companies in the same industry are more expensive than VLK, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.33, VLK is valued rather cheaply.
Industry RankSector Rank
PE 16.82
Fwd PE 16.96
VLK.AS Price Earnings VS Forward Price EarningsVLK.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

VLK's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. VLK is cheaper than 66.36% of the companies in the same industry.
Industry RankSector Rank
P/FCF 46.93
EV/EBITDA N/A
VLK.AS Per share dataVLK.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)3.04
EPS Next 2Y3.35%
EPS Next 3Y5.44%

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6

5. Dividend

5.1 Amount

VLK has a Yearly Dividend Yield of 4.95%, which is a nice return.
Compared to an average industry Dividend Yield of 5.87, VLK pays a better dividend. On top of this VLK pays more dividend than 83.18% of the companies listed in the same industry.
VLK's Dividend Yield is rather good when compared to the S&P500 average which is at 2.35.
Industry RankSector Rank
Dividend Yield 4.95%

5.2 History

The dividend of VLK decreases each year by -5.64%.
Dividend Growth(5Y)-5.64%
Div Incr Years0
Div Non Decr Years0
VLK.AS Yearly Dividends per shareVLK.AS Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 0.5 1 1.5 2

5.3 Sustainability

VLK pays out 71.52% of its income as dividend. This is not a sustainable payout ratio.
DP71.52%
EPS Next 2Y3.35%
EPS Next 3Y5.44%
VLK.AS Yearly Income VS Free CF VS DividendVLK.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M 1B
VLK.AS Dividend Payout.VLK.AS Dividend Payout, showing the Payout Ratio.VLK.AS Dividend Payout.PayoutRetained Earnings

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VAN LANSCHOT KEMPEN NV

AMS:VLK (7/15/2025, 7:00:00 PM)

55.5

-0.1 (-0.18%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-27 2025-02-27/dmh
Earnings (Next)08-28 2025-08-28
Inst Owners23.98%
Inst Owner ChangeN/A
Ins Owners0.71%
Ins Owner ChangeN/A
Market Cap2.39B
Analysts82.86
Price Target52.8 (-4.86%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.95%
Yearly Dividend2.22
Dividend Growth(5Y)-5.64%
DP71.52%
Div Incr Years0
Div Non Decr Years0
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)4.02%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-5.45%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.07%
Valuation
Industry RankSector Rank
PE 16.82
Fwd PE 16.96
P/S 3.12
P/FCF 46.93
P/OCF 27.8
P/B 1.73
P/tB 2.24
EV/EBITDA N/A
EPS(TTM)3.3
EY5.95%
EPS(NY)3.27
Fwd EY5.9%
FCF(TTM)1.18
FCFY2.13%
OCF(TTM)2
OCFY3.6%
SpS17.81
BVpS32
TBVpS24.82
PEG (NY)N/A
PEG (5Y)3.04
Profitability
Industry RankSector Rank
ROA 0.78%
ROE 9.57%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 17.2%
GM N/A
FCFM 6.64%
ROA(3y)0.64%
ROA(5y)0.61%
ROE(3y)7.99%
ROE(5y)7.37%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-6.26%
PM growth 5Y3.98%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 1.45
Debt/FCF 41.46
Debt/EBITDA N/A
Cap/Depr 102.15%
Cap/Sales 4.57%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 38.6%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)85.99%
Cap/Depr(5y)205.48%
Cap/Sales(3y)3.93%
Cap/Sales(5y)9.53%
Profit Quality(3y)178.07%
Profit Quality(5y)809.02%
High Growth Momentum
Growth
EPS 1Y (TTM)9.27%
EPS 3Y-2.47%
EPS 5Y5.54%
EPS Q2Q%-11.24%
EPS Next Y-0.84%
EPS Next 2Y3.35%
EPS Next 3Y5.44%
EPS Next 5Y7.91%
Revenue 1Y (TTM)7.12%
Revenue growth 3Y5.32%
Revenue growth 5Y3.15%
Sales Q2Q%2.91%
Revenue Next Year3.41%
Revenue Next 2Y3.53%
Revenue Next 3Y4.1%
Revenue Next 5Y3.98%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-79.75%
FCF growth 3Y-64.8%
FCF growth 5Y-38.8%
OCF growth 1Y-70.4%
OCF growth 3Y-60.17%
OCF growth 5Y-32.3%