Vastned is a listed European retail property company (Euronext Amsterdam: VASTN) focusing on ‘venues for premium shopping’.
Very undervalued average dividend payer.
Share Price & News
How has Vastned Retail's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VSND.F has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: Insufficient data to determine how VSND.F performed against the US REITs industry.
Return vs Market: Insufficient data to determine how VSND.F performed against the US Market.
Price Volatility Vs. Market
How volatile is Vastned Retail's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Vastned Retail 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: VSND.F ($15.81) is trading below our estimate of fair value ($35.84)
Significantly Below Fair Value: VSND.F is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: VSND.F is good value based on its PE Ratio (13.8x) compared to the REITs industry average (27.3x).
PE vs Market: VSND.F is good value based on its PE Ratio (13.8x) compared to the US market (15.8x).
Price to Earnings Growth Ratio
PEG Ratio: VSND.F is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: VSND.F is good value based on its PB Ratio (0.4x) compared to the US REITs industry average (1.4x).
How is Vastned Retail forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VSND.F's forecast earnings growth (51.8% per year) is above the savings rate (2.2%).
Earnings vs Market: VSND.F's earnings (51.8% per year) are forecast to grow faster than the US market (22% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: VSND.F's revenue (0.9% per year) is forecast to grow slower than the US market (8.8% per year).
High Growth Revenue: VSND.F's revenue (0.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VSND.F's Return on Equity is forecast to be low in 3 years time (7.5%).
How has Vastned Retail performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VSND.F has a large one-off loss of €12.8M impacting its December 31 2019 financial results.
Growing Profit Margin: VSND.F's current net profit margins (32.3%) are lower than last year (53.1%).
Past Earnings Growth Analysis
Earnings Trend: VSND.F's earnings have declined by -7.1% per year over the past 5 years.
Accelerating Growth: VSND.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: VSND.F had negative earnings growth (-45.4%) over the past year, making it difficult to compare to the REITs industry average (5.3%).
Return on Equity
High ROE: VSND.F's Return on Equity (2.7%) is considered low.
How is Vastned Retail's financial position?
Financial Position Analysis
Short Term Liabilities: VSND.F's short term assets (€11.8M) do not cover its short term liabilities (€92.2M).
Long Term Liabilities: VSND.F's short term assets (€11.8M) do not cover its long term liabilities (€612.1M).
Debt to Equity History and Analysis
Debt Level: VSND.F's debt to equity ratio (74.1%) is considered high.
Reducing Debt: VSND.F's debt to equity ratio has increased from 72.8% to 74.1% over the past 5 years.
Debt Coverage: VSND.F's debt is not well covered by operating cash flow (5.8%).
Interest Coverage: VSND.F's interest payments on its debt are well covered by EBIT (3.1x coverage).
What is Vastned Retail's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: VSND.F's dividend (11.41%) is higher than the bottom 25% of dividend payers in the US market (1.69%).
High Dividend: VSND.F's dividend (11.41%) is in the top 25% of dividend payers in the US market (4.52%)
Stability and Growth of Payments
Stable Dividend: VSND.F's dividend payments have been volatile in the past 10 years.
Growing Dividend: VSND.F's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (86.2%), VSND.F's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: VSND.F's dividends in 3 years are forecast to be thoroughly covered by earnings (3.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Taco Tammo de Groot (56yo)
Mr. Taco Tammo Johannes, MRE, MRICS, LLM, has been the Chief Executive Officer of Vastned Retail Belgium NV since August 20, 2016. Mr. de Groot has been the Chief Executive Officer of Vastned Retail N.V. s ...
CEO Compensation Analysis
Compensation vs Market: Taco Tammo's total compensation ($USD857.94K) is below average for companies of similar size in the US market ($USD2.21M).
Compensation vs Earnings: Taco Tammo's compensation has been consistent with company performance over the past year.
|Chairman of Executive Board||8.58yrs||€771.72k||0.43% €1.5m|
|CFO, Member of Executive Board & Statutory Director||1.33yrs||€546.85k||0.012% €39.9k|
|Co-Chief Executive Officer of Vastned Retail Belgium||3.58yrs||no data||no data|
|Company Secretary & Member of the Management Team||2.42yrs||no data||0.0058% €20.0k|
|Country Manager of Spain||16.33yrs||no data||no data|
|Country Manager of France||7.58yrs||no data||no data|
Experienced Management: VSND.F's management team is seasoned and experienced (5.6 years average tenure).
|Independent Supervisory Board Chairman||4yrs||€54.00k||0.041% €141.7k|
|Independent Supervisory Board Member||5yrs||€45.00k||no data|
|Independent Supervisory Board Member||1yr||€30.28k||0.0058% €20.0k|
Experienced Board: VSND.F's board of directors are considered experienced (4 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 N.V.'s company bio, employee growth, exchange listings and data sources
- Name: Vastned Retail N.V.
- Ticker: VSND.F
- Exchange: OTCPK
- Founded: 1986
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: €308.049m
- Listing Market Cap: €342.467m
- Shares outstanding: 17.15m
- Website: https://www.vastned.com
Number of Employees
- Vastned Retail N.V.
- De Boelelaan 7
- 1083 HJ
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|VASTN||ENXTAM (Euronext Amsterdam)||Yes||Ordinary Shares||NL||EUR||Jan 1992|
|VSND.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
|VB2||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|0LNJ||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jan 1992|
|VASTNA||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jan 1992|
Vastned is a listed European retail property company (Euronext Amsterdam: VASTN) focusing on ‘venues for premium shopping’. Vastned invests in selected cities in Europe with a clear focus on the best retail property in the most popular high streets in the bigger cities. Vastned's tenants are strong and leading international and national retail brands. The property portfolio had a size of approximately € 1.6 billion as at 31 December 2019.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/31 04:43|
|End of Day Share Price||2020/04/24 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.