Van de Velde
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Van de Velde NV, together with its subsidiaries, designs, develops, manufactures, and markets fashionable luxury lingerie for women worldwide. The last earnings update was 21 days ago. More info.
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- Van de Velde has significant price volatility in the past 3 months.
VAN Share Price and Events
7 Day Returns
1 Year Returns
VAN Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Van de Velde (VAN) | 7.4% | 16.7% | 24.5% | -23.9% | -49.6% | -22% |
| Europe Luxury | 8.1% | 11.2% | 23.2% | 17.4% | 65.7% | 82.5% |
| BE Market | 3% | 5.7% | 14.4% | -11.7% | -11.7% | 10.5% |
1 Year Return vs Industry and Market
- VAN underperformed the Luxury industry which returned 17.4% over the past year.
- VAN underperformed the Market in Belgium which returned -11.7% over the past year.
VAN Value
Is Van de Velde undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Van de Velde
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Van de Velde.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 1 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 6.2% |
| Perpetual Growth Rate | 10-Year BE Government Bond Rate | 0.8% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year BE Govt Bond Rate | 0.8% |
| Equity Risk Premium | S&P Global | 6.8% |
| Luxury Unlevered Beta | Simply Wall St/ S&P Global | 0.69 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.686 (1 + (1- 29%) (0%)) |
0.79 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.77% + (0.8 * 6.8%) |
6.21% |
Discounted Cash Flow Calculation for ENXTBR:VAN using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Van de Velde is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (EUR, Millions) | Source |
Present Value Discounted (@ 6.21%) |
|
|---|---|---|---|
| 2019 | 27.59 | Est @ 5.35% | 25.98 |
| 2020 | 28.69 | Est @ 3.98% | 25.43 |
| 2021 | 29.56 | Est @ 3.01% | 24.67 |
| 2022 | 30.25 | Est @ 2.34% | 23.77 |
| 2023 | 30.81 | Est @ 1.87% | 22.80 |
| 2024 | 31.29 | Est @ 1.54% | 21.80 |
| 2025 | 31.70 | Est @ 1.31% | 20.79 |
| 2026 | 32.06 | Est @ 1.15% | 19.80 |
| 2027 | 32.39 | Est @ 1.03% | 18.83 |
| 2028 | 32.70 | Est @ 0.95% | 17.90 |
| Present value of next 10 years cash flows | €221.78 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= €32.70 × (1 + 0.77%) ÷ (6.21% – 0.77%) |
€605.77 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= €605.77 ÷ (1 + 6.21%)10 |
€331.63 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= €221.78 + €331.63 |
€553.41 |
| Equity Value per Share (EUR) |
= Total value / Shares Outstanding
= €553.41 / 13.31 |
€41.59 |
| Calculation | Result | |
|---|---|---|
| Value per share (EUR) | From above. | €41.59 |
| Current discount | Discount to share price of
€29.75
= -1 x (€29.75 - €41.59) / €41.59 |
28.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Van de Velde's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Van de Velde's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Van de Velde's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Van de Velde's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in EUR | €2.15 |
| ENXTBR:VAN Share Price ** | ENXTBR (2019-03-20) in EUR | €29.75 |
| Europe Luxury Industry PE Ratio | Median Figure of 65 Publicly-Listed Luxury Companies | 17.39x |
| Belgium Market PE Ratio | Median Figure of 88 Publicly-Listed Companies | 15.71x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Van de Velde.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = ENXTBR:VAN Share Price ÷ EPS (both in EUR) = 29.75 ÷ 2.15 |
13.81x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Van de Velde is good value based on earnings compared to the Europe Luxury industry average.
- Van de Velde is good value based on earnings compared to the Belgium market.
Price based on expected Growth
Does
Van de Velde's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 13.81x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts |
-5%per year |
| Europe Luxury Industry PEG Ratio | Median Figure of 39 Publicly-Listed Luxury Companies | 1.89x |
| Belgium Market PEG Ratio | Median Figure of 46 Publicly-Listed Companies | 1.28x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Van de Velde, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Van de Velde's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in EUR | €9.36 |
| ENXTBR:VAN Share Price * | ENXTBR (2019-03-20) in EUR | €29.75 |
| Europe Luxury Industry PB Ratio | Median Figure of 95 Publicly-Listed Luxury Companies | 1.44x |
| Belgium Market PB Ratio | Median Figure of 119 Publicly-Listed Companies | 1.47x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = ENXTBR:VAN Share Price ÷ Book Value per Share (both in EUR) = 29.75 ÷ 9.36 |
3.18x |
* Primary Listing of Van de Velde.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Van de Velde is overvalued based on assets compared to the Europe Luxury industry average.
Value checks
We assess Van de Velde's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check) Van de Velde has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
VAN Future Performance
How is Van de Velde expected to perform in the next 1 to 3 years based on estimates from 1 analyst?
- No analysts cover Van de Velde, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Van de Velde's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.8%.
Growth vs Market Checks
- Van de Velde's earnings are expected to decrease over the next 1-3 years, this is below the Belgium market average.
- Van de Velde's revenue growth is expected to exceed the Belgium market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| ENXTBR:VAN Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts | -5% |
| ENXTBR:VAN Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts | 4.4% |
| Europe Luxury Industry Earnings Growth Rate | Market Cap Weighted Average | 9.7% |
| Europe Luxury Industry Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
| Belgium Market Earnings Growth Rate | Market Cap Weighted Average | 16.4% |
| Belgium Market Revenue Growth Rate | Market Cap Weighted Average | 3.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 224 | 1 | ||
| 2019-12-31 | 212 | 1 |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 205 | 26 | |
| 2018-09-30 | 205 | 27 | |
| 2018-06-30 | 205 | 29 | |
| 2018-03-31 | 207 | 31 | |
| 2017-12-31 | 209 | 35 | 34 |
| 2017-09-30 | 208 | 33 | |
| 2017-06-30 | 208 | 32 | |
| 2017-03-31 | 207 | 33 | |
| 2016-12-31 | 207 | 45 | 34 |
| 2016-09-30 | 208 | 37 | |
| 2016-06-30 | 209 | 40 | |
| 2016-03-31 | 209 | 41 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
All data from Van de Velde Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | ||||
| 2019-12-31 |
| Date (Data in EUR Millions) | EPS * |
|---|---|
| 2018-12-31 | |
| 2018-09-30 | |
| 2018-06-30 | 2.15 |
| 2018-03-31 | 2.34 |
| 2017-12-31 | 2.52 |
| 2017-09-30 | 2.47 |
| 2017-06-30 | 2.43 |
| 2017-03-31 | 2.47 |
| 2016-12-31 | 2.52 |
| 2016-09-30 | 2.77 |
| 2016-06-30 | 3.02 |
| 2016-03-31 | 3.05 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Van de Velde will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Van de Velde's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Van de Velde has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
VAN Past Performance
How has Van de Velde performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Van de Velde's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
- Van de Velde's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Van de Velde's 1-year earnings growth is negative, it can't be compared to the Europe Luxury industry average.
Earnings and Revenue History
All data from Van de Velde Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 205.20 | 25.50 | 51.00 | |
| 2018-09-30 | 204.89 | 27.22 | 47.49 | |
| 2018-06-30 | 204.59 | 28.95 | 43.98 | |
| 2018-03-31 | 206.79 | 31.45 | 43.98 | |
| 2017-12-31 | 208.99 | 33.95 | 43.98 | |
| 2017-09-30 | 208.50 | 33.15 | 43.82 | |
| 2017-06-30 | 208.01 | 32.35 | 43.66 | |
| 2017-03-31 | 207.31 | 32.95 | 43.66 | |
| 2016-12-31 | 206.61 | 33.55 | 43.66 | |
| 2016-09-30 | 208.03 | 36.85 | 43.88 | |
| 2016-06-30 | 209.46 | 40.15 | 44.10 | |
| 2016-03-31 | 209.21 | 40.55 | 44.10 | |
| 2015-12-31 | 208.96 | 40.95 | 44.10 | |
| 2015-09-30 | 206.86 | 30.22 | 43.43 | |
| 2015-06-30 | 204.77 | 19.48 | 42.77 | |
| 2015-03-31 | 201.57 | 10.98 | 42.77 | |
| 2014-12-31 | 198.37 | 2.48 | 42.77 | |
| 2014-09-30 | 195.42 | 9.70 | 22.00 | |
| 2014-06-30 | 192.43 | 16.86 | 43.42 | |
| 2014-03-31 | 187.43 | 24.31 | 43.42 | |
| 2013-12-31 | 182.43 | 31.76 | 43.42 | |
| 2013-09-30 | 181.21 | 27.33 | 52.69 | |
| 2013-06-30 | 180.01 | 22.92 | 40.86 | |
| 2013-03-31 | 180.89 | 24.27 | 40.77 | |
| 2012-12-31 | 181.76 | 25.61 | 40.69 | |
| 2012-09-30 | 181.24 | 32.38 | 40.54 | |
| 2012-06-30 | 180.72 | 39.16 | 40.39 | |
| 2012-03-31 | 180.28 | 40.18 | 39.45 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Van de Velde has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Van de Velde used its assets more efficiently than the Europe Luxury industry average last year based on Return on Assets.
- Van de Velde's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Van de Velde's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Van de Velde has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
VAN Health
How is Van de Velde's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Van de Velde's finances.
The net worth of a company is the difference between its assets and liabilities.
- Van de Velde is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Van de Velde's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Van de Velde has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Van de Velde Company Filings, last reported 2 months ago.
| Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 133.40 | 0.00 | 15.70 |
| 2018-09-30 | 133.40 | 0.00 | 15.70 |
| 2018-06-30 | 124.20 | 0.00 | |
| 2018-03-31 | 124.20 | 0.00 | |
| 2017-12-31 | 122.27 | 0.36 | 22.03 |
| 2017-09-30 | 122.27 | 0.36 | 22.03 |
| 2017-06-30 | 108.30 | 0.00 | |
| 2017-03-31 | 108.30 | 0.00 | |
| 2016-12-31 | 117.23 | 0.58 | 19.12 |
| 2016-09-30 | 117.23 | 0.58 | 19.12 |
| 2016-06-30 | 121.80 | 0.00 | |
| 2016-03-31 | 121.80 | 0.00 | |
| 2015-12-31 | 130.10 | 0.36 | 28.77 |
| 2015-09-30 | 130.10 | 0.36 | 28.77 |
| 2015-06-30 | 129.80 | 0.00 | |
| 2015-03-31 | 129.80 | 0.00 | |
| 2014-12-31 | 134.70 | 1.07 | 35.33 |
| 2014-09-30 | 134.70 | 1.07 | 35.33 |
| 2014-06-30 | 155.10 | 0.00 | |
| 2014-03-31 | 155.10 | 0.00 | |
| 2013-12-31 | 177.44 | 0.46 | 39.42 |
| 2013-09-30 | 177.44 | 0.46 | 39.42 |
| 2013-06-30 | 165.95 | 0.00 | 26.31 |
| 2013-03-31 | 165.95 | 0.00 | 26.31 |
| 2012-12-31 | 174.59 | 0.60 | 31.99 |
| 2012-09-30 | 174.59 | 0.60 | 31.99 |
| 2012-06-30 | 173.19 | 0.00 | 17.23 |
| 2012-03-31 | 173.19 | 0.00 | 17.23 |
- Van de Velde has no debt.
- Van de Velde has no debt compared to 5 years ago when it was 0.3%.
- Van de Velde has no debt, it does not need to be covered by operating cash flow.
- Van de Velde has no debt, therefore coverage of interest payments is not a concern.
Financial health checks
We assess Van de Velde's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Van de Velde has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
VAN Dividends
What is Van de Velde's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
€2,000 of
Van de Velde
shares you are expected to receive
€69
in your first year as a dividend.
Dividend Amount
- Van de Velde's pays a higher dividend yield than the bottom 25% of dividend payers in Belgium (2.06%).
- Van de Velde's dividend is below the markets top 25% of dividend payers in Belgium (4.87%).
Upcoming dividend payment
Purchase Van de Velde on or before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| Europe Luxury Industry Average Dividend Yield | Market Cap Weighted Average of 54 Stocks | 1.7% |
| Belgium Market Average Dividend Yield | Market Cap Weighted Average of 77 Stocks | 3.2% |
| Belgium Minimum Threshold Dividend Yield | 10th Percentile | 1.3% |
| Belgium Bottom 25% Dividend Yield | 25th Percentile | 2.1% |
| Belgium Top 25% Dividend Yield | 75th Percentile | 4.9% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in €) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | ||
| 2019-12-31 |
| Date (Data in €) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-27 | 1.030 | 3.621 |
| 2018-02-27 | 1.030 | 3.650 |
| 2017-03-23 | 3.500 | 7.557 |
| 2017-02-20 | 3.500 | 6.257 |
| 2016-03-24 | 3.500 | 5.497 |
| 2016-02-23 | 3.500 | 5.918 |
| 2015-02-24 | 4.300 | 7.801 |
| 2014-11-17 | 2.700 | 6.521 |
| 2014-02-24 | 2.150 | 5.590 |
| 2013-03-04 | 2.150 | 6.068 |
| 2012-02-17 | 2.150 | 5.970 |
| 2012-02-15 | 2.150 | 5.674 |
| 2011-02-18 | 2.150 | 5.792 |
| 2010-03-01 | 1.238 | 3.568 |
| 2010-02-25 | 1.238 | 3.965 |
| 2009-03-23 | 0.900 | 3.242 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have increased over the past 10 years.
Income/ dividend checks
We assess Van de Velde's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Van de Velde afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Van de Velde has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
VAN Management
CEO
| COMPENSATION | €0 |
| AGE | 54 |
| TENURE AS CEO | 3.2 years |
CEO Bio
Mr. Erwin Van Laethem has been the Chief Executive Officer and Managing Director of Van De Velde NV since January 11, 2016 and serves as its Director. Mr. Van Laethem has been the Chief Executive Officer of Essent N.V. (Energy Resources Holding B.V.) since January 01, 2012 and serves as its Chairman of Executive Board. Mr. Van Laethem served as Chief Commercial Officer of Energy Resources Holding B.V. from October 2009 to 2011. Mr. Van Laethem serves as the Chief Executive Officer of Essent Belgium N.V. Mr. Van Laethem served as the Road Transport Manager at Shell Belgium, Brussels from 1989 to 1993; Market Entry / Strategy &Business Development at Shell International, London from 1993 to 1995; Managing Director of Retail Subsidiaries at Shell BeLux, Brussels from 1995 to 1997; Programme Manager and Lead Negotiator at Shell Europe Megers & Acquisitions, London from 1998 to 1999; Business Unit Manager, Wholesale & Subsidiaries at Shell Commercial BeNeLux, Rotterdam from 1999 to 2001; General Manager Europe at Shell Lubricants Supply Chain, Rotterdam from 2003 to 2005; Strategy and Business Development at Shell International, The Hague from 2005 to 2006; Chief Executive Officer Essent Belgium N.V., Antwerp and Director, Service and Sales Essent Netherlands from 2006 to 2009; and Director of Shell Commercial BeNeLux, Rotterdam from 2002 to 2003. Mr. Van Laethem attended University Studies at Vrije Universiteit Brussel and at Solvay Business School, Université Libre de Bruxelles from 1982 to 1989. He holds Master of Business Administration from Université Libre de Bruxelles.
CEO Compensation
- Insufficient data for Erwin to compare compensation growth.
- Erwin's remuneration is lower than average for companies of similar size in Belgium.
Management Team Tenure
Average tenure and age of the Van de Velde management team in years:
- The tenure for the Van de Velde management team is about average.
Management Team
Hedwig Schockaert
Director of ICT & Supply Chain and Manager of Internal Study Department
58
Erwin Van Laethem
CEO, MD & Director
54
3.2 yrs
Bart Rabaey
Chief Financial Officer
41
2.8 yrs
Nathalie De Kerpel
Legal Counsel & Company Secretary
Louis De Saint Michel
General Manager of Andres Sarda
49
Yan Aerts
Global Retail Director
58
2.5 yrs
Board of Directors Tenure
Average tenure and age of the Van de Velde board of directors in years:
- The tenure for the Van de Velde board of directors is about average.
Board of Directors
Herman Van de Velde
President of the Board of Directors
64
3.2 yrs
Erwin Van Laethem
CEO, MD & Director
54
Benoit Graulich
Independent Director
53
12.2 yrs
Dirk Goeminne
Independent Director
63
Lucas A. M. Laureys
Non Executive Director
€46K
73
Bénédicte Laureys
Non Executive Director
€12K
49
Yvan Jansen
Independent Director
55
6.6 yrs
Marleen Vaesen
Non-Executive Director
59
6.6 yrs
Phillip Vandervoort
Director
57
1.9 yrs
Veronique Laureys
Director
39
1.9 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Van de Velde's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Van de Velde has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
VAN News
Simply Wall St News
If You Had Bought Van de Velde (EBR:VAN) Stock Three Years Ago, You'd Be Sitting On A 53% Loss, Today
Van de Velde NV (EBR:VAN) shareholders should be happy to see the share price up 29% in the last quarter. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During the three years that the share price fell, Van de Velde's earnings per share (EPS) dropped by 11% each year.
Simply Wall St - – Full articleShould You Be Excited About Van de Velde NV's (EBR:VAN) 23% Return On Equity?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … How Do You Calculate Return On Equity … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleShould Van de Velde NV (EBR:VAN) Be Part Of Your Dividend Portfolio?
Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Historically, Van de Velde NV (EBR:VAN) has been paying a dividend to shareholders. … Does Van de Velde tick all the boxes of a great dividend stock?
Simply Wall St - – Full articleDo You Know What Van de Velde NV's (EBR:VAN) P/E Ratio Means?
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … To keep it practical, we'll show how Van de Velde NV's (EBR:VAN) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleVan de Velde NV (EBR:VAN) Earns Among The Best Returns In Its Industry
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleVan de Velde NV (EBR:VAN): Should The Recent Earnings Drop Worry You?
Analyzing Van de Velde NV's (EBR:VAN) track record of past performance is a valuable exercise for investors. … Today I will assess VAN's recent performance announced on 30 June 2018 and compare these figures to its long-term trend and industry movements. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 12%, indicating the rate at which VAN is growing has slowed down
Simply Wall St - – Full articleWhy Van de Velde NV (EBR:VAN) Looks Like A Quality Company
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every €1 worth of equity in the company, it was able to earn €0.23. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleWhat Kind Of Shareholder Appears On The Van de Velde NV's (EBR:VAN) Shareholder Register?
A look at the shareholders of Van de Velde NV (EBR:VAN) can tell us which group is most powerful. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Van de Velde is not a large company by global standards.
Simply Wall St - – Full articleVan de Velde NV (EBR:VAN): The Return Story
and want to better understand how you can grow your money by investing in Van de Velde NV (EBR:VAN). … This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … Thus, to understand how your money can grow by investing in Van de Velde, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)
Simply Wall St - – Full articleHas Van de Velde NV's (EBR:VAN) Earnings Momentum Changed Recently?
Understanding Van de Velde NV's (EBR:VAN) performance as a company requires examining more than earnings from one point in time. … Today I will take you through a basic sense check to gain perspective on how Van de Velde is doing by evaluating its latest earnings with its longer term trend as well as its industry peers' performance over the same period. … VAN's trailing twelve-month earnings (from 31 December 2017) of €33.95m has
Simply Wall St - – Full articleVAN Company Info
Description
Van de Velde NV, together with its subsidiaries, designs, develops, manufactures, and markets fashionable luxury lingerie for women worldwide. It operates through two segments, Wholesale and Retail. The company offers its products under the PrimaDonna, Marie Jo, Andres Sarda, and Lingerie Styling brands. It also operates retail chains under the Lincherie, Rigby & Peller, and Private Shop brands, as well as an e-commerce Website. The company was founded in 1919 and is headquartered in Schellebelle, Belgium. Van de Velde NV is a subsidiary of Van de Velde Holding NV.
Details
| Name: | Van de Velde NV |
| VAN | |
| Exchange: | ENXTBR |
| Founded: | 1919 |
| €395,882,655 | |
| 13,306,980 | |
| Website: | http://www.vandevelde.eu |
| Address: |
Van de Velde NV Lageweg 4, Schellebelle, East Flanders, 9260, Belgium |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| ENXTBR | VAN | Bearer Shares | Euronext Brussels | BE | EUR | 01. Oct 1997 | |
| OTCPK | VDEV.F | Bearer Shares | Pink Sheets LLC | US | USD | 01. Oct 1997 | |
| LSE | 0IWV | Bearer Shares | London Stock Exchange | GB | EUR | 01. Oct 1997 | |
| BATS-CHIXE | VANB | Bearer Shares | BATS 'Chi-X Europe' | GB | EUR | 01. Oct 1997 |
Number of employees
Current staff
Industry
| Apparel, Accessories and Luxury Goods | |
| Consumer Durables |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/20 20:37 |
| End of day share price update: | 2019/03/20 00:00 |
| Last estimates confirmation: | 2019/03/18 |
| Last earnings filing: | 2019/02/27 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
