View ValuationVan de Velde 향후 성장Future 기준 점검 2/6Van de Velde은 연간 수입과 매출이 각각 13.4%와 2% 증가할 것으로 예상되고 EPS는 연간 12.6%만큼 증가할 것으로 예상됩니다.핵심 정보13.4%이익 성장률12.64%EPS 성장률Luxury 이익 성장13.6%매출 성장률2.0%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트20 Apr 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesDeclared Dividend • May 03Dividend of €1.68 announcedShareholders will receive a dividend of €1.68. Ex-date: 7th May 2026 Payment date: 11th May 2026 Dividend yield will be 5.1%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is not covered by earnings (169% earnings payout ratio) nor is it adequately covered by cash flows (100% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 87% to bring the payout ratio under control. EPS is expected to grow by 43% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.New Risk • Apr 06New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 169% Cash payout ratio: 100% Dividend yield: 7.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 169% Cash payout ratio: 100% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.8% net profit margin).공시 • Apr 04Van de Velde NV to Report First Half, 2027 Results on Sep 01, 2027Van de Velde NV announced that they will report first half, 2027 results on Sep 01, 2027공시 • Apr 03Van de Velde NV to Report Fiscal Year 2026 Results on Mar 04, 2027Van de Velde NV announced that they will report fiscal year 2026 results on Mar 04, 2027Reported Earnings • Mar 06Full year 2025 earnings releasedFull year 2025 results: Revenue: €207.4m (flat on FY 2024). Net income: €17.8m (down 45% from FY 2024). Profit margin: 8.6% (down from 16% in FY 2024). Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Luxury industry in Europe.New Risk • Mar 05New major risk - Revenue and earnings growthRevenue has declined by 2.3% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 2.3% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.New Risk • Oct 13New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Board Change • Aug 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 9 non-independent directors. Independent Director Bruno Vanhoorickx was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Upcoming Dividend • May 02Upcoming dividend of €1.68 per shareEligible shareholders must have bought the stock before 08 May 2025. Payment date: 12 May 2025. Payout ratio and cash payout ratio are on the higher end at 95% and 75% respectively. Trailing yield: 7.3%. Within top quartile of British dividend payers (6.0%). Higher than average of industry peers (2.1%).Declared Dividend • Mar 31Dividend of €1.68 announcedShareholders will receive a dividend of €1.68. Ex-date: 8th May 2025 Payment date: 12th May 2025 Dividend yield will be 5.4%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is not adequately covered by earnings (95% earnings payout ratio). However, it is covered by cash flows (76% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 5.8% to bring the payout ratio under control. EPS is expected to grow by 15% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.Reported Earnings • Mar 30Full year 2024 earnings released: EPS: €2.52 (vs €2.61 in FY 2023)Full year 2024 results: EPS: €2.52 (down from €2.61 in FY 2023). Revenue: €211.3m (flat on FY 2023). Net income: €32.0m (down 4.7% from FY 2023). Profit margin: 15% (in line with FY 2023). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 6% per year.New Risk • Mar 23New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended December 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.공시 • Feb 27Van de Velde NV to Report Fiscal Year 2025 Results on Mar 05, 2026Van de Velde NV announced that they will report fiscal year 2025 results on Mar 05, 2026New Risk • Oct 08New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.공시 • May 26+ 1 more updateVan de Velde NV to Report Fiscal Year 2024 Results on Feb 27, 2025Van de Velde NV announced that they will report fiscal year 2024 results on Feb 27, 2025Upcoming Dividend • Apr 25Upcoming dividend of €1.68 per shareEligible shareholders must have bought the stock before 02 May 2024. Payment date: 06 May 2024. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 6.9%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (1.6%).Reported Earnings • Mar 25Full year 2023 earnings released: EPS: €2.61 (vs €2.82 in FY 2022)Full year 2023 results: EPS: €2.61 (down from €2.82 in FY 2022). Revenue: €217.3m (up 2.6% from FY 2022). Net income: €33.6m (down 8.7% from FY 2022). Profit margin: 16% (down from 17% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.New Risk • Mar 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.공시 • Nov 07+ 2 more updatesVan de Velde NV to Report Fiscal Year 2023 Results on Feb 29, 2024Van de Velde NV announced that they will report fiscal year 2023 results on Feb 29, 2024Upcoming Dividend • Apr 21Upcoming dividend of €1.54 per share at 6.2% yieldEligible shareholders must have bought the stock before 28 April 2023. Payment date: 03 May 2023. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 6.2%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (2.2%).Reported Earnings • Mar 27Full year 2022 earnings released: EPS: €2.82 (vs €2.43 in FY 2021)Full year 2022 results: EPS: €2.82 (up from €2.43 in FY 2021). Revenue: €217.2m (up 11% from FY 2021). Net income: €36.8m (up 15% from FY 2021). Profit margin: 17% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Dec 24Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 6.8%. The fair value is estimated to be €38.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 24%.Buying Opportunity • Dec 06Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be €40.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 24%.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Dirk Goeminne was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Sep 03First half 2022 earnings released: EPS: €1.75 (vs €0 in 1H 2021)First half 2022 results: EPS: €1.75 (up from €0 in 1H 2021). Revenue: €117.0m (up 20% from 1H 2021). Net income: €22.9m (up 26% from 1H 2021). Profit margin: 20% (up from 19% in 1H 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 2.0% compared to a 11% growth forecast for the Luxury industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Dirk Goeminne was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 31Full year 2021 earnings released: EPS: €2.43 (vs €1.11 in FY 2020)Full year 2021 results: EPS: €2.43 (up from €1.11 in FY 2020). Revenue: €195.3m (up 28% from FY 2020). Net income: €32.0m (up 118% from FY 2020). Profit margin: 16% (up from 9.7% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.0%, compared to a 11% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 8% per year.Valuation Update With 7 Day Price Move • Mar 14Investor sentiment improved over the past weekAfter last week's 15% share price gain to €37.30, the stock trades at a trailing P/E ratio of 17.3x. Average forward P/E is 18x in the Luxury industry in the United Kingdom. Total returns to shareholders of 40% over the past three years.Buying Opportunity • Feb 21Now 21% undervaluedOver the last 90 days, the stock is up 1.6%. The fair value is estimated to be €41.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.9% per annum over the last 3 years. Earnings per share has declined by 30% over the last year.Reported Earnings • Sep 06First half 2021 earnings releasedThe company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €97.6m (up 32% from 1H 2020). Net income: €18.2m (up 264% from 1H 2020). Profit margin: 19% (up from 6.8% in 1H 2020). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Sep 02Investor sentiment improved over the past weekAfter last week's 20% share price gain to €28.00, the stock trades at a trailing P/E ratio of 25.3x. Average forward P/E is 27x in the Luxury industry in the United Kingdom. Negligible returns to shareholders over past three years.Upcoming Dividend • Apr 28Upcoming dividend of €0.70 per shareEligible shareholders must have bought the stock before 04 May 2021. Payment date: 06 May 2021. Trailing yield: 7.9%. Within top quartile of British dividend payers (4.1%). Higher than average of industry peers (1.0%).Reported Earnings • Mar 27Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €152.3m (down 22% from FY 2019). Net income: €14.7m (down 31% from FY 2019). Profit margin: 9.7% (down from 11% in FY 2019). The decrease in margin was driven by lower revenue.Valuation Update With 7 Day Price Move • Mar 17Investor sentiment improved over the past weekAfter last week's 16% share price gain to €26.45, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 31x in the Luxury industry in Europe. Total loss to shareholders of 28% over the past three years.Is New 90 Day High Low • Mar 13New 90-day high: €24.40The company is up 6.0% from its price of €22.95 on 09 December 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 8.0% over the same period.Is New 90 Day High Low • Dec 09New 90-day high: €33.50The company is up 53% from its price of €21.90 on 10 September 2020. The British market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 21% over the same period.Valuation Update With 7 Day Price Move • Dec 09Market bids up stock over the past weekAfter last week's 46% share price gain to €33.50, the stock is trading at a trailing P/E ratio of 24.8x, up from the previous P/E ratio of 17x. This compares to an average P/E of 31x in the Luxury industry in Europe. Total return to shareholders over the past three years is a loss of 18%.Valuation Update With 7 Day Price Move • Dec 07Market bids up stock over the past weekAfter last week's 43% share price gain to €33.50, the stock is trading at a trailing P/E ratio of 25x, up from the previous P/E ratio of 17.5x. This compares to an average P/E of 29x in the Luxury industry in Europe. Total return to shareholders over the past three years is a loss of 20%.Valuation Update With 7 Day Price Move • Nov 30Market bids up stock over the past weekAfter last week's 53% share price gain to €33.50, the stock is trading at a trailing P/E ratio of 24x, up from the previous P/E ratio of 15.7x. This compares to an average P/E of 33x in the Luxury industry in Europe. Total return to shareholders over the past three years is a loss of 20%.Valuation Update With 7 Day Price Move • Nov 26Market bids up stock over the past weekAfter last week's 54% share price gain to €33.50, the stock is trading at a trailing P/E ratio of 23.2x, up from the previous P/E ratio of 15.1x. This compares to an average P/E of 32x in the Luxury industry in Europe. Total return to shareholders over the past three years is a loss of 20%.Valuation Update With 7 Day Price Move • Nov 06Market bids up stock over the past weekAfter last week's 57% share price gain to €33.50, the stock is trading at a trailing P/E ratio of 21.3x, up from the previous P/E ratio of 13.6x. This compares to an average P/E of 28x in the Luxury industry in Europe. Total return to shareholders over the past three years is a loss of 22%.Is New 90 Day High Low • Nov 06New 90-day high: €33.50The company is up 69% from its price of €19.84 on 05 August 2020. The British market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 7.0% over the same period.이익 및 매출 성장 예측LSE:0IWV - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202821429N/AN/A112/31/202720928N/AN/A112/31/202620327N/AN/A112/31/2025202183037N/A12/31/2024206323946N/A12/31/2023211344154N/A9/30/2023215353951N/A6/30/2023218363747N/A3/31/2023215362939N/A12/31/2022212372230N/A9/30/2022212372935N/A6/30/2022212373641N/A3/31/2022204344146N/A12/31/2021195324651N/A9/30/2021186304650N/A6/30/2021176284649N/A3/31/2021164213740N/A12/31/2020152152830N/A9/30/2020157143134N/A6/30/2020161133539N/A3/31/2020178174145N/A12/31/2019196214652N/A9/30/201919923N/AN/AN/A6/30/201920324N/AN/AN/A3/31/201920425N/AN/AN/A12/31/201820526N/A21N/A9/30/201820527N/AN/AN/A6/30/201820529N/AN/AN/A3/31/201820731N/AN/AN/A12/31/201720934N/A35N/A9/30/201720833N/AN/AN/A6/30/201720832N/AN/AN/A3/31/201720733N/AN/AN/A12/31/201620734N/A45N/A9/30/201620837N/AN/AN/A6/30/201620940N/AN/AN/A3/31/201620941N/AN/AN/A12/31/201520941N/A50N/A9/30/201520730N/AN/AN/A6/30/201520519N/AN/AN/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 0IWV 의 연간 예상 수익 증가율(13.4%)이 saving rate(3.4%)보다 높습니다.수익 vs 시장: 0IWV 의 연간 수익(13.4%)이 UK 시장(11.6%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 0IWV 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 0IWV 의 수익(연간 2%)이 UK 시장(연간 4.5%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 0IWV 의 수익(연간 2%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 0IWV의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YConsumer-durables 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/27 10:26종가2026/05/25 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Van de Velde NV는 3명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Laura RobaDegroof PetercamMatthias MaenhautING Groep NVGuy SipsKBC Securities NV
Declared Dividend • May 03Dividend of €1.68 announcedShareholders will receive a dividend of €1.68. Ex-date: 7th May 2026 Payment date: 11th May 2026 Dividend yield will be 5.1%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is not covered by earnings (169% earnings payout ratio) nor is it adequately covered by cash flows (100% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 87% to bring the payout ratio under control. EPS is expected to grow by 43% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
New Risk • Apr 06New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 169% Cash payout ratio: 100% Dividend yield: 7.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 169% Cash payout ratio: 100% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.8% net profit margin).
공시 • Apr 04Van de Velde NV to Report First Half, 2027 Results on Sep 01, 2027Van de Velde NV announced that they will report first half, 2027 results on Sep 01, 2027
공시 • Apr 03Van de Velde NV to Report Fiscal Year 2026 Results on Mar 04, 2027Van de Velde NV announced that they will report fiscal year 2026 results on Mar 04, 2027
Reported Earnings • Mar 06Full year 2025 earnings releasedFull year 2025 results: Revenue: €207.4m (flat on FY 2024). Net income: €17.8m (down 45% from FY 2024). Profit margin: 8.6% (down from 16% in FY 2024). Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Luxury industry in Europe.
New Risk • Mar 05New major risk - Revenue and earnings growthRevenue has declined by 2.3% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 2.3% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
New Risk • Oct 13New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Board Change • Aug 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 9 non-independent directors. Independent Director Bruno Vanhoorickx was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Upcoming Dividend • May 02Upcoming dividend of €1.68 per shareEligible shareholders must have bought the stock before 08 May 2025. Payment date: 12 May 2025. Payout ratio and cash payout ratio are on the higher end at 95% and 75% respectively. Trailing yield: 7.3%. Within top quartile of British dividend payers (6.0%). Higher than average of industry peers (2.1%).
Declared Dividend • Mar 31Dividend of €1.68 announcedShareholders will receive a dividend of €1.68. Ex-date: 8th May 2025 Payment date: 12th May 2025 Dividend yield will be 5.4%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is not adequately covered by earnings (95% earnings payout ratio). However, it is covered by cash flows (76% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 5.8% to bring the payout ratio under control. EPS is expected to grow by 15% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
Reported Earnings • Mar 30Full year 2024 earnings released: EPS: €2.52 (vs €2.61 in FY 2023)Full year 2024 results: EPS: €2.52 (down from €2.61 in FY 2023). Revenue: €211.3m (flat on FY 2023). Net income: €32.0m (down 4.7% from FY 2023). Profit margin: 15% (in line with FY 2023). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 6% per year.
New Risk • Mar 23New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended December 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
공시 • Feb 27Van de Velde NV to Report Fiscal Year 2025 Results on Mar 05, 2026Van de Velde NV announced that they will report fiscal year 2025 results on Mar 05, 2026
New Risk • Oct 08New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
공시 • May 26+ 1 more updateVan de Velde NV to Report Fiscal Year 2024 Results on Feb 27, 2025Van de Velde NV announced that they will report fiscal year 2024 results on Feb 27, 2025
Upcoming Dividend • Apr 25Upcoming dividend of €1.68 per shareEligible shareholders must have bought the stock before 02 May 2024. Payment date: 06 May 2024. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 6.9%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (1.6%).
Reported Earnings • Mar 25Full year 2023 earnings released: EPS: €2.61 (vs €2.82 in FY 2022)Full year 2023 results: EPS: €2.61 (down from €2.82 in FY 2022). Revenue: €217.3m (up 2.6% from FY 2022). Net income: €33.6m (down 8.7% from FY 2022). Profit margin: 16% (down from 17% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
New Risk • Mar 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
공시 • Nov 07+ 2 more updatesVan de Velde NV to Report Fiscal Year 2023 Results on Feb 29, 2024Van de Velde NV announced that they will report fiscal year 2023 results on Feb 29, 2024
Upcoming Dividend • Apr 21Upcoming dividend of €1.54 per share at 6.2% yieldEligible shareholders must have bought the stock before 28 April 2023. Payment date: 03 May 2023. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 6.2%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (2.2%).
Reported Earnings • Mar 27Full year 2022 earnings released: EPS: €2.82 (vs €2.43 in FY 2021)Full year 2022 results: EPS: €2.82 (up from €2.43 in FY 2021). Revenue: €217.2m (up 11% from FY 2021). Net income: €36.8m (up 15% from FY 2021). Profit margin: 17% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Dec 24Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 6.8%. The fair value is estimated to be €38.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 24%.
Buying Opportunity • Dec 06Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be €40.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 24%.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Dirk Goeminne was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Sep 03First half 2022 earnings released: EPS: €1.75 (vs €0 in 1H 2021)First half 2022 results: EPS: €1.75 (up from €0 in 1H 2021). Revenue: €117.0m (up 20% from 1H 2021). Net income: €22.9m (up 26% from 1H 2021). Profit margin: 20% (up from 19% in 1H 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 2.0% compared to a 11% growth forecast for the Luxury industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Dirk Goeminne was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 31Full year 2021 earnings released: EPS: €2.43 (vs €1.11 in FY 2020)Full year 2021 results: EPS: €2.43 (up from €1.11 in FY 2020). Revenue: €195.3m (up 28% from FY 2020). Net income: €32.0m (up 118% from FY 2020). Profit margin: 16% (up from 9.7% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.0%, compared to a 11% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 8% per year.
Valuation Update With 7 Day Price Move • Mar 14Investor sentiment improved over the past weekAfter last week's 15% share price gain to €37.30, the stock trades at a trailing P/E ratio of 17.3x. Average forward P/E is 18x in the Luxury industry in the United Kingdom. Total returns to shareholders of 40% over the past three years.
Buying Opportunity • Feb 21Now 21% undervaluedOver the last 90 days, the stock is up 1.6%. The fair value is estimated to be €41.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.9% per annum over the last 3 years. Earnings per share has declined by 30% over the last year.
Reported Earnings • Sep 06First half 2021 earnings releasedThe company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €97.6m (up 32% from 1H 2020). Net income: €18.2m (up 264% from 1H 2020). Profit margin: 19% (up from 6.8% in 1H 2020). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Sep 02Investor sentiment improved over the past weekAfter last week's 20% share price gain to €28.00, the stock trades at a trailing P/E ratio of 25.3x. Average forward P/E is 27x in the Luxury industry in the United Kingdom. Negligible returns to shareholders over past three years.
Upcoming Dividend • Apr 28Upcoming dividend of €0.70 per shareEligible shareholders must have bought the stock before 04 May 2021. Payment date: 06 May 2021. Trailing yield: 7.9%. Within top quartile of British dividend payers (4.1%). Higher than average of industry peers (1.0%).
Reported Earnings • Mar 27Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €152.3m (down 22% from FY 2019). Net income: €14.7m (down 31% from FY 2019). Profit margin: 9.7% (down from 11% in FY 2019). The decrease in margin was driven by lower revenue.
Valuation Update With 7 Day Price Move • Mar 17Investor sentiment improved over the past weekAfter last week's 16% share price gain to €26.45, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 31x in the Luxury industry in Europe. Total loss to shareholders of 28% over the past three years.
Is New 90 Day High Low • Mar 13New 90-day high: €24.40The company is up 6.0% from its price of €22.95 on 09 December 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 8.0% over the same period.
Is New 90 Day High Low • Dec 09New 90-day high: €33.50The company is up 53% from its price of €21.90 on 10 September 2020. The British market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 21% over the same period.
Valuation Update With 7 Day Price Move • Dec 09Market bids up stock over the past weekAfter last week's 46% share price gain to €33.50, the stock is trading at a trailing P/E ratio of 24.8x, up from the previous P/E ratio of 17x. This compares to an average P/E of 31x in the Luxury industry in Europe. Total return to shareholders over the past three years is a loss of 18%.
Valuation Update With 7 Day Price Move • Dec 07Market bids up stock over the past weekAfter last week's 43% share price gain to €33.50, the stock is trading at a trailing P/E ratio of 25x, up from the previous P/E ratio of 17.5x. This compares to an average P/E of 29x in the Luxury industry in Europe. Total return to shareholders over the past three years is a loss of 20%.
Valuation Update With 7 Day Price Move • Nov 30Market bids up stock over the past weekAfter last week's 53% share price gain to €33.50, the stock is trading at a trailing P/E ratio of 24x, up from the previous P/E ratio of 15.7x. This compares to an average P/E of 33x in the Luxury industry in Europe. Total return to shareholders over the past three years is a loss of 20%.
Valuation Update With 7 Day Price Move • Nov 26Market bids up stock over the past weekAfter last week's 54% share price gain to €33.50, the stock is trading at a trailing P/E ratio of 23.2x, up from the previous P/E ratio of 15.1x. This compares to an average P/E of 32x in the Luxury industry in Europe. Total return to shareholders over the past three years is a loss of 20%.
Valuation Update With 7 Day Price Move • Nov 06Market bids up stock over the past weekAfter last week's 57% share price gain to €33.50, the stock is trading at a trailing P/E ratio of 21.3x, up from the previous P/E ratio of 13.6x. This compares to an average P/E of 28x in the Luxury industry in Europe. Total return to shareholders over the past three years is a loss of 22%.
Is New 90 Day High Low • Nov 06New 90-day high: €33.50The company is up 69% from its price of €19.84 on 05 August 2020. The British market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 7.0% over the same period.