DB:VAO

Stock Analysis Report

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Executive Summary

Vapiano SE operates a chain of restaurants in the fast casual dining segment in Germany, rest of the Europe, and internationally.


Snowflake Analysis

Moderate growth potential with weak fundamentals.

Share Price & News

How has Vapiano's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VAO's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

57.3%

VAO

3.9%

DE Hospitality

3.5%

DE Market


1 Year Return

-92.5%

VAO

-34.8%

DE Hospitality

3.0%

DE Market

Return vs Industry: VAO underperformed the German Hospitality industry which returned -34.8% over the past year.

Return vs Market: VAO underperformed the German Market which returned 3% over the past year.


Shareholder returns

VAOIndustryMarket
7 Day57.3%3.9%3.5%
30 Day-35.5%-13.4%-0.08%
90 Day42.9%14.9%21.0%
1 Year-92.5%-92.5%-32.2%-34.8%5.2%3.0%
3 Year-98.0%-98.0%-47.1%-54.2%4.5%-4.0%
5 Yearn/a-47.6%-58.6%11.5%-3.2%

Price Volatility Vs. Market

How volatile is Vapiano's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Vapiano undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Vapiano is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Vapiano has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

Future Growth

How is Vapiano forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

83.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VAO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.2%).

Earnings vs Market: VAO is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: VAO's is expected to become profitable in the next 3 years.

Revenue vs Market: VAO's revenue (3.2% per year) is forecast to grow slower than the German market (5.9% per year).

High Growth Revenue: VAO's revenue (3.2% 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 VAO's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Vapiano performed over the past 5 years?

-66.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VAO is currently unprofitable.

Growing Profit Margin: VAO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: VAO is unprofitable, and losses have increased over the past 5 years at a rate of -66.3% per year.

Accelerating Growth: Unable to compare VAO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: VAO is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-15.6%).


Return on Equity

High ROE: VAO has a negative Return on Equity (-140103.57%), as it is currently unprofitable.


Next Steps

Financial Health

How is Vapiano's financial position?


Financial Position Analysis

Short Term Liabilities: VAO's short term assets (€85.5M) do not cover its short term liabilities (€137.7M).

Long Term Liabilities: VAO's short term assets (€85.5M) do not cover its long term liabilities (€425.8M).


Debt to Equity History and Analysis

Debt Level: VAO's debt to equity ratio (525291.7%) is considered high.

Reducing Debt: VAO's debt to equity ratio has increased from 145.4% to 525291.7% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if VAO has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if VAO has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Vapiano current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate VAO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate VAO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if VAO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if VAO's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of VAO's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.6yrs

Average board tenure


CEO

Vapiano has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Gregor Gerlach
Member of the Supervisory Board4.67yrs€31.00kno data
Johann Stahl
Deputy Chairman of the Supervisory Board8.92yrs€40.00kno data
Kristian Wettling
Member of the Supervisory Board8.58yrs€33.00kno data
Vanessa Hall
Chairwoman of Supervisory Board0.083yr€8.67kno data

6.6yrs

Average Tenure

51.5yo

Average Age

Experienced Board: VAO's board of directors are considered experienced (6.6 years average tenure).


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

Vapiano SE's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Vapiano SE
  • Ticker: VAO
  • Exchange: DB
  • Founded: 2002
  • Industry: Restaurants
  • Sector: Consumer Services
  • Market Cap: €12.641m
  • Shares outstanding: 26.06m
  • Website: https://de.vapiano.com/de/home/

Number of Employees


Location

  • Vapiano SE
  • Im Zollhafen 2-4
  • Cologne
  • North Rhine-Westphalia
  • 50678
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VAODB (Deutsche Boerse AG)YesOrdinary Bearer SharesDEEURJun 2017
VAOXTRA (XETRA Trading Platform)YesOrdinary Bearer SharesDEEURJun 2017
VAODBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary Bearer SharesGBEURJun 2017
0RR0LSE (London Stock Exchange)YesOrdinary Bearer SharesGBEURJun 2017
VAOSWX (SIX Swiss Exchange)YesOrdinary Bearer SharesCHCHFJun 2017
VPPN.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDNov 2017

Biography

Vapiano SE operates a chain of restaurants in the fast casual dining segment in Germany, rest of the Europe, and internationally. As of December 31, 2018, it operated 231 restaurants under the corporate restaurants, joint venture restaurants, and franchise restaurants in 33 countries under the Vapiano brand. The company was founded in 2002 and is headquartered in Cologne, Germany. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/07 21:35
End of Day Share Price2020/07/07 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.