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Van de Velde

ENXTBR:VAN
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VAN
ENXTBR
€396M
Market Cap
  1. Home
  2. BE
  3. Consumer Durables
Company description

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
7.4%
ENXTBR:VAN
8.1%
Europe Luxury
3%
BE Market
1 Year Returns
-23.9%
ENXTBR:VAN
17.4%
Europe Luxury
-11.7%
BE Market
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.
Price Volatility
VAN
Industry
5yr Volatility vs Market

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Van de Velde.

ENXTBR:VAN Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for ENXTBR:VAN
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.

ENXTBR:VAN DCF 1st Stage: Next 10 year cash flow forecast
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
ENXTBR:VAN DCF 2nd Stage: Terminal Value
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
ENXTBR:VAN Total Equity Value
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
ENXTBR:VAN Discount to Share Price
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
Amount off the current price Van de Velde is available for.
Intrinsic value
28%
Share price is €29.75 vs Future cash flow value of €41.59
Current Discount Checks
For Van de Velde to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
ENXTBR:VAN PE (Price to Earnings) Ratio Data Sources
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.

ENXTBR:VAN PE (Price to Earnings) Ratio Calculation
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?
Raw Data
ENXTBR:VAN PEG (Price to Earnings to Growth) Ratio Data Sources
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?
Raw Data
ENXTBR:VAN PB (Price to Book) Ratio Data Sources
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
ENXTBR:VAN PB (Price to Book) Ratio Calculation
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.
X
Value checks
We assess Van de Velde's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. 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!
Annual Growth Rate
-5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Van de Velde expected to grow at an attractive rate?
  • 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
Raw Data
ENXTBR:VAN Future Growth Rates Data Sources
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
Raw Data
ENXTBR:VAN Analysts Growth Expectations Data Sources
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 numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTBR:VAN Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 224 1
2019-12-31 212 1
ENXTBR:VAN Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Van de Velde's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Van de Velde's revenue is expected to grow by 4.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTBR:VAN 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.

ENXTBR:VAN Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
ENXTBR:VAN Past Financials Data
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.
X
Future performance checks
We assess Van de Velde's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Van de Velde's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
Van de Velde's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Van de Velde Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTBR:VAN Past Revenue, Cash Flow and Net Income Data
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).
X
Past performance checks
We assess Van de Velde's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Van de Velde's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from Van de Velde Company Filings, last reported 2 months ago.

ENXTBR:VAN Past Debt and Equity Data
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.
X
Financial health checks
We assess Van de Velde's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Van de Velde has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
3.46%
Current annual income from Van de Velde dividends.
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
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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.
Raw Data
ENXTBR:VAN Annualized Past and Future Dividends
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.

ENXTBR:VAN Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
ENXTBR:VAN Past Annualized Dividends Data
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.
Current Payout to shareholders
What portion of Van de Velde's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Van de Velde's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of Van de Velde's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Erwin Van Laethem
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:

2.8
Average Tenure
54
Average Age
  • The tenure for the Van de Velde management team is about average.
Management Team

Hedwig Schockaert

TITLE
Director of ICT & Supply Chain and Manager of Internal Study Department
AGE
58

Erwin Van Laethem

TITLE
CEO, MD & Director
AGE
54
TENURE
3.2 yrs

Bart Rabaey

TITLE
Chief Financial Officer
AGE
41
TENURE
2.8 yrs

Nathalie De Kerpel

TITLE
Legal Counsel & Company Secretary

Louis De Saint Michel

TITLE
General Manager of Andres Sarda
AGE
49

Yan Aerts

TITLE
Global Retail Director
AGE
58
TENURE
2.5 yrs
Board of Directors Tenure

Average tenure and age of the Van de Velde board of directors in years:

4.9
Average Tenure
56
Average Age
  • The tenure for the Van de Velde board of directors is about average.
Board of Directors

Herman Van de Velde

TITLE
President of the Board of Directors
AGE
64
TENURE
3.2 yrs

Erwin Van Laethem

TITLE
CEO, MD & Director
AGE
54

Benoit Graulich

TITLE
Independent Director
AGE
53
TENURE
12.2 yrs

Dirk Goeminne

TITLE
Independent Director
AGE
63

Lucas A. M. Laureys

TITLE
Non Executive Director
COMPENSATION
€46K
AGE
73

Bénédicte Laureys

TITLE
Non Executive Director
COMPENSATION
€12K
AGE
49

Yvan Jansen

TITLE
Independent Director
AGE
55
TENURE
6.6 yrs

Marleen Vaesen

TITLE
Non-Executive Director
AGE
59
TENURE
6.6 yrs

Phillip Vandervoort

TITLE
Director
AGE
57
TENURE
1.9 yrs

Veronique Laureys

TITLE
Director
AGE
39
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Van de Velde's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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 -

Should 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 -

Should 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 -

Do 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 -

Van 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 -

Van 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 -

Why 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 -

What 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 -

Van 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 -

Has 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 -

VAN 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
Staff numbers
1,531
Van de Velde employees.
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.