Download PDF

1. Company Snapshot

1.a. Company Description

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 € 1.5 billion as at 30 June 2020.

Show Full description

1.b. Last Insights on VASTN

Have nothing to say about that one ...

1.c. Company Highlights

2. Transcript Summary

Unfortunately this company is not part of our coverage yet. But as part of your subscription plan you can request it by clicking just below and we'll process.

Request Coverage

3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.83%)

6. Segments

Rental

Expected Growth: 4.83%

Vastned Retail N.V.'s 4.83% rental growth is driven by strong demand for retail space in prime locations, increasing foot traffic, and a solid tenant mix. Additionally, the company's proactive asset management, successful redevelopments, and strategic acquisitions contribute to the growth. Furthermore, the Netherlands' stable economy and growing consumer spending also support the upward trend.

Other

Expected Growth: 4.83%

Vastned Retail N.V.'s 4.83% growth is driven by increasing foot traffic in shopping centers, strategic acquisitions, and a strong focus on omnichannel retailing. Additionally, the company's diversified tenant base, cost-saving initiatives, and favorable interest rates contribute to its growth momentum.

7. Detailed Products

Shopping Centers

Vastned Retail N.V. owns and operates shopping centers in the Netherlands, providing a platform for retailers to showcase their products and services to a large customer base.

High Street Shops

Vastned Retail N.V. owns and operates high street shops in prime locations, offering retailers a prominent presence in popular shopping areas.

Retail Parks

Vastned Retail N.V. owns and operates retail parks, offering a range of retail units for retailers to showcase their products and services.

Mixed-Use Developments

Vastned Retail N.V. develops and operates mixed-use developments, combining retail, residential, and leisure spaces to create vibrant and dynamic destinations.

8. Vastned Retail N.V.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Vastned Retail N.V. operates in a competitive market with many substitutes, but its strong brand presence and diversified product offerings mitigate the threat.

Bargaining Power Of Customers

Vastned Retail N.V. has a large customer base, but individual customers have significant bargaining power due to the ease of switching to competitors.

Bargaining Power Of Suppliers

Vastned Retail N.V. has a diversified supplier base, and suppliers have limited bargaining power due to the company's large scale of operations.

Threat Of New Entrants

While there are barriers to entry in the retail industry, new entrants can still pose a threat to Vastned Retail N.V. through innovative business models and online platforms.

Intensity Of Rivalry

The retail industry is highly competitive, and Vastned Retail N.V. faces intense rivalry from established players and new entrants, leading to pricing pressure and advertising wars.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 47.77%
Debt Cost 3.95%
Equity Weight 52.23%
Equity Cost 8.24%
WACC 6.19%
Leverage 91.48%

11. Quality Control: Vastned Retail N.V. passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Wereldhave

A-Score: 7.2/10

Value: 5.7

Growth: 4.0

Quality: 6.5

Yield: 10.0

Momentum: 7.5

Volatility: 9.7

1-Year Total Return ->

View Full Report
Stock-Card
Patrimoine et Commerce

A-Score: 6.8/10

Value: 4.5

Growth: 4.8

Quality: 4.9

Yield: 8.8

Momentum: 8.0

Volatility: 10.0

1-Year Total Return ->

View Full Report
Stock-Card
Retail Estates

A-Score: 6.4/10

Value: 5.4

Growth: 3.9

Quality: 6.9

Yield: 9.4

Momentum: 4.0

Volatility: 9.0

1-Year Total Return ->

View Full Report
Stock-Card
Frey

A-Score: 5.9/10

Value: 3.3

Growth: 5.4

Quality: 4.5

Yield: 9.4

Momentum: 3.0

Volatility: 9.7

1-Year Total Return ->

View Full Report
Stock-Card
Mercialys

A-Score: 5.7/10

Value: 3.8

Growth: 3.1

Quality: 4.9

Yield: 10.0

Momentum: 3.5

Volatility: 8.7

1-Year Total Return ->

View Full Report
Stock-Card
Vastned Retail

A-Score: 5.6/10

Value: 6.1

Growth: 3.7

Quality: 4.2

Yield: 10.0

Momentum: 3.0

Volatility: 6.3

1-Year Total Return ->

View Full Report

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

21.4$

Current Price

21.4$

Potential

-0.00%

Expected Cash-Flows