Van de Velde
Market Cap
€360.7m
Last Updated
2020/02/23 20:50 UTC
Data Sources
Company Financials +
Executive Summary
Van de Velde NV, together with its subsidiaries, designs, develops, manufactures, and markets fashionable luxury lingerie for women worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and slightly overvalued.
Similar Companies
Share Price & News
How has Van de Velde's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VAN has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0%
VAN
-1.9%
BE Luxury
-1.8%
BE Market
1 Year Return
-2.9%
VAN
21.1%
BE Luxury
8.2%
BE Market
Return vs Industry: VAN underperformed the Belgian Luxury industry which returned 21.1% over the past year.
Return vs Market: VAN underperformed the Belgian Market which returned 8.2% over the past year.
Shareholder returns
| VAN | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | -1.9% | -1.8% |
| 30 Day | -0.9% | -3.4% | -1.2% |
| 90 Day | 12.9% | -0.5% | -0.4% |
| 1 Year | -0.5%-2.9% | 24.2%21.1% | 10.4%8.2% |
| 3 Year | -46.5%-50.4% | 74.3%63.1% | -4.5%-10.8% |
| 5 Year | -35.0%-45.0% | 106.7%85.1% | -3.1%-14.4% |
Price Volatility Vs. Market
How volatile is Van de Velde's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Is Van de Velde NV's (EBR:VAN) ROE Of 18% Impressive?2 months ago | Simply Wall St
Why You Should Like Van de Velde NV’s (EBR:VAN) ROCE5 months ago | Simply Wall St
Should You Be Excited About Van de Velde NV's (EBR:VAN) 18% Return On Equity?Valuation
Is Van de Velde undervalued compared to its fair value and its price relative to the market?
14.13x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: VAN (€27.1) is trading above our estimate of fair value (€18.11)
Significantly Below Fair Value: VAN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: VAN is good value based on its PE Ratio (14.1x) compared to the Luxury industry average (18.3x).
PE vs Market: VAN is good value based on its PE Ratio (14.1x) compared to the Belgian market (17.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate VAN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: VAN is overvalued based on its PB Ratio (2.7x) compared to the XE Luxury industry average (1.1x).
Next Steps
Future Growth
How is Van de Velde forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
3.1%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if VAN's forecast earnings growth is above the savings rate (0.7%).
Earnings vs Market: Insufficient data to determine if VAN's earnings are forecast to grow faster than the Belgian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: VAN's revenue (3.1% per year) is forecast to grow faster than the Belgian market (2.8% per year).
High Growth Revenue: VAN's revenue (3.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if VAN's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Van de Velde performed over the past 5 years?
9.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VAN has a high level of non-cash earnings.
Growing Profit Margin: VAN's current net profit margins (11.8%) are lower than last year (14.1%).
Past Earnings Growth Analysis
Earnings Trend: VAN's earnings have grown by 9.4% per year over the past 5 years.
Accelerating Growth: VAN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: VAN had negative earnings growth (-17.3%) over the past year, making it difficult to compare to the Luxury industry average (-11.5%).
Return on Equity
High ROE: VAN's Return on Equity (17.6%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Van de Velde's financial position?
Financial Position Analysis
Short Term Liabilities: VAN's short term assets (€89.7M) exceed its short term liabilities (€27.1M).
Long Term Liabilities: VAN's short term assets (€89.7M) exceed its long term liabilities (€21.1M).
Debt to Equity History and Analysis
Debt Level: VAN is debt free.
Reducing Debt: VAN has no debt compared to 5 years ago when its debt to equity ratio was 0.01%.
Debt Coverage: VAN has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: VAN has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: VAN has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if VAN's debt is covered by short term assets.
Next Steps
Dividend
What is Van de Velde's current dividend yield, its reliability and sustainability?
3.80%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: VAN's dividend (3.8%) is higher than the bottom 25% of dividend payers in the Belgian market (2.06%).
High Dividend: VAN's dividend (3.8%) is low compared to the top 25% of dividend payers in the Belgian market (4.31%).
Stability and Growth of Payments
Stable Dividend: VAN's dividend payments have been volatile in the past 10 years.
Growing Dividend: VAN's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (53.7%), VAN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average board tenure
CEO
Marleen Vaesen (60yo)
1.2yrs
Tenure
Ms. Marleen Vaesen serves as the Chief Executive Officer and Managing Director of Van de Velde NV since December 2018. She serves as the Chief Executive Officer of De Weide Blik N.V. Ms. Vaesen was Chief E ...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | 1.2yrs | no data | no data | |
| Non Executive Director | 0yrs | €45.90k | no data | |
| President of the Board of Directors | 4.1yrs | no data | no data | |
| Representative Director | 1.1yrs | no data | no data | |
| Independent Director | 0yrs | no data | no data | |
| Non Executive Director | 0yrs | €12.00k | no data | |
| Director | 2.8yrs | no data | no data | |
| Independent Director | 7.5yrs | no data | no data | |
| Director | 2.8yrs | no data | no data | |
| Director | 1.1yrs | no data | no data |
2.8yrs
Average Tenure
58yo
Average Age
Experienced Board: VAN's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Van de Velde NV's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Van de Velde NV
- Ticker: VAN
- Exchange: ENXTBR
- Founded: 1919
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Market Cap: €360.741m
- Shares outstanding: 13.31m
- Website: https://www.vandevelde.eu
Number of Employees
Location
- Van de Velde NV
- Lageweg 4
- Schellebelle
- East Flanders
- 9260
- Belgium
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| VAN | ENXTBR (Euronext Brussels) | Yes | Ordinary Shares | BE | EUR | Oct 1997 |
| 0IWV | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Oct 1997 |
| VANB | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Oct 1997 |
| VDEV.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Oct 1997 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/23 20:50 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.