Vastned Retail Belgium is a public regulated real estate company (RREC), the shares of which are listed on Euronext Brussels (VASTB).
Established dividend payer and fair value.
Share Price & News
How has Vastned Retail Belgium's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VASTB's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: VASTB underperformed the Belgian REITs industry which returned -4.9% over the past year.
Return vs Market: VASTB underperformed the Belgian Market which returned -28.5% over the past year.
Price Volatility Vs. Market
How volatile is Vastned Retail Belgium's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StIs Vastned Retail Belgium SA's (EBR:VASTB) ROE Of 0.6% Concerning?
1 year ago | Simply Wall StA Closer Look At Vastned Retail Belgium SA's (EBR:VASTB) Uninspiring ROE
1 year ago | Simply Wall StHow Did Vastned Retail Belgium SA's (EBR:VASTB) 12.63% ROE Fare Against The Industry?
Is Vastned Retail Belgium undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VASTB (€28.6) is trading below our estimate of fair value (€69.25)
Significantly Below Fair Value: VASTB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: VASTB is poor value based on its PE Ratio (33.6x) compared to the REITs industry average (11x).
PE vs Market: VASTB is poor value based on its PE Ratio (33.6x) compared to the Belgian market (12.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate VASTB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: VASTB is good value based on its PB Ratio (0.6x) compared to the BE REITs industry average (1x).
How is Vastned Retail Belgium forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Real Estate industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Vastned Retail Belgium has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether Vastned Retail Belgium is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Vastned Retail Belgium competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
How has Vastned Retail Belgium performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VASTB has a large one-off loss of €9.9M impacting its December 31 2019 financial results.
Growing Profit Margin: VASTB's current net profit margins (22.4%) are lower than last year (37.3%).
Past Earnings Growth Analysis
Earnings Trend: VASTB's earnings have declined by -19.4% per year over the past 5 years.
Accelerating Growth: VASTB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: VASTB had negative earnings growth (-40.4%) over the past year, making it difficult to compare to the REITs industry average (17.2%).
Return on Equity
High ROE: VASTB's Return on Equity (1.7%) is considered low.
How is Vastned Retail Belgium's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: VASTB has a high level of physical assets or inventory.
Debt Coverage by Assets: VASTB's debt is not covered by short term assets (assets are 0x debt).
Financial Institutions Analysis
Asset Level: VASTB's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if VASTB has a sufficient allowance for bad loans.
Low Risk Liabilities: VASTB reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if VASTB has an acceptable proportion of non-loan assets held.
Low Risk Deposits: VASTB has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if VASTB has an appropriate level of bad loans.
What is Vastned Retail Belgium's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: VASTB's dividend (10.14%) is higher than the bottom 25% of dividend payers in the Belgian market (2.67%).
High Dividend: VASTB's dividend (10.14%) is in the top 25% of dividend payers in the Belgian market (6.32%)
Stability and Growth of Payments
Stable Dividend: VASTB's dividends per share have been stable in the past 10 years.
Growing Dividend: VASTB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (95.1%), VASTB's 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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rudi Taelemans (57yo)
Mr. Rudi Taelemans serves as Chief Executive Officer of Vastned Retail Belgium NV. Mr. Taelemans had been Operational Chief Executive Officer of Vastned Retail Belgium NV at Vastned Retail Belgium NV since ...
|Chief Executive Officer||3.58yrs||no data||no data|
|CEO & Director||8.92yrs||no data||no data|
|Chief Financial Officer||1.17yrs||no data||no data|
Experienced Management: VASTB's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
|CEO & Director||8.92yrs||no data||no data|
|Independent Director||3.92yrs||no data||no data|
|Director||5.17yrs||no data||no data|
|CFO & Director||5.17yrs||no data||no data|
|Independent Chairman||no data||no data||no data|
|Independent Director||1.17yrs||no data||no data|
Experienced Board: VASTB's board of directors are considered experienced (5.2 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Vastned Retail Belgium SA's company bio, employee growth, exchange listings and data sources
- Name: Vastned Retail Belgium SA
- Ticker: VASTB
- Exchange: ENXTBR
- Founded: 1987
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: €145.246m
- Shares outstanding: 5.08m
- Website: https://www.vastned.be
Number of Employees
- Vastned Retail Belgium SA
- Generaal Lemanstraat 74
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|VASTB||ENXTBR (Euronext Brussels)||Yes||Ordinary Shares||BE||EUR||Jan 2007|
|IJX||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 2007|
|0ET5||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jan 2007|
Vastned Retail Belgium is a public regulated real estate company (RREC), the shares of which are listed on Euronext Brussels (VASTB). Vastned Retail Belgium invests exclusively in Belgian commercial real estate, more specifically in prime retail properties located on the best shopping streets in the major cities of Antwerp, Brussels, Ghent and Bruges. Furthermore, the real estate portfolio consists of inner-city shops outside of the premium cities, high-end retail parks and retail warehouses.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/30 21:18|
|End of Day Share Price||2020/03/30 00:00|
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.