(VLK) Van Lanschot - Overview
Sector: Financial ServicesIndustry: Banks - Regional | Exchange AS (Netherlands) | Currency EUR | Market Cap: 2.751m | Total Return 29% in 12m
Stock: Private Banking, Wealth Management, Investment Banking, Asset Management
| Risk 5d forecast | |
|---|---|
| Volatility | 25.1% |
| Relative Tail Risk | -13.0% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.07 |
| Alpha | 23.06 |
| Character TTM | |
|---|---|
| Beta | 0.493 |
| Beta Downside | 0.327 |
| Drawdowns 3y | |
|---|---|
| Max DD | 23.85% |
| CAGR/Max DD | 1.61 |
Description: VLK Van Lanschot March 13, 2026
Van Lanschot Kempen NV (VLK) is a Dutch financial services company operating in the Netherlands, Belgium, and internationally. It serves high-net-worth individuals, institutions, and corporations.
The companys business model is diversified across four segments: Private Clients Netherlands, Private Clients Belgium, Investment Management Clients, and Investment Banking Clients. This structure allows VLK to cater to distinct client needs, from private banking and wealth management for individuals to investment management and advisory services for institutional and corporate clients. The financial services sector is highly competitive, with firms often specializing in specific client segments or service offerings.
VLK provides a range of services including private banking, wealth management, investment management (focusing on small caps, credits, and private equity), and investment banking (equities research, M&A, ECM, and debt advisory). Understanding the specific services offered by a financial institution is crucial for assessing its market position and revenue streams. Further research on platforms like ValueRay can provide deeper insights into VLKs operational performance and financial health.
Founded in 1737, VLK is headquartered in s-Hertogenbosch, Netherlands. Its long history indicates a well-established presence in the European financial market.
Headlines to watch out for
- Net interest income sensitive to European Central Bank rates
- Asset under management growth drives fee income
- Regulatory compliance costs impact profitability
- Economic downturn reduces wealth management demand
- Investment banking activity fluctuates with market sentiment
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income: 290.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -1.43 > 1.0 |
| NWC/Revenue: 96.41% < 20% (prev 254.3%; Δ -157.9% < -1%) |
| CFO/TA 0.06 > 3% & CFO 978.2m > Net Income 290.2m |
| Net Debt (485.6m) to EBITDA (236.5m): 2.05 < 3 |
| Current Ratio: 3.92 > 1.5 & < 3 |
| Outstanding Shares: last quarter (42.9m) vs 12m ago -2.01% < -2% |
| Gross Margin: 85.95% > 18% (prev 0.92%; Δ 8.50k% > 0.5%) |
| Asset Turnover: 9.90% > 50% (prev 6.43%; Δ 3.48% > 0%) |
| Interest Coverage Ratio: 0.47 > 6 (EBITDA TTM 236.5m / Interest Expense TTM 241.5m) |
Altman Z'' 0.93
| A: 0.09 (Total Current Assets 2.22b - Total Current Liabilities 566.0m) / Total Assets 17.78b |
| B: 0.06 (Retained Earnings 1.13b / Total Assets 17.78b) |
| C: 0.01 (EBIT TTM 112.4m / Avg Total Assets 17.31b) |
| D: 0.07 (Book Value of Equity 1.15b / Total Liabilities 16.50b) |
| Altman-Z'' Score: 0.93 = BB |
Beneish M -3.17
| DSRI: 0.25 (Receivables 53.5m/134.1m, Revenue 1.71b/1.08b) |
| GMI: 1.07 (GM 85.95% / 92.12%) |
| AQI: 1.05 (AQ_t 0.87 / AQ_t-1 0.83) |
| SGI: 1.58 (Revenue 1.71b / 1.08b) |
| TATA: -0.04 (NI 290.2m - CFO 978.2m) / TA 17.78b) |
| Beneish M-Score: -3.17 (Cap -4..+1) = AA |
What is the price of VLK shares?
Over the past week, the price has changed by +3.75%, over one month by +2.83%, over three months by +10.25% and over the past year by +28.95%.
Is VLK a buy, sell or hold?
What are the forecasts/targets for the VLK price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 60.9 | 4.8% |
| Analysts Target Price | - | - |
VLK Fundamental Data Overview March 24, 2026
P/E Trailing = 16.1383
P/E Forward = 15.7729
P/S = 3.0173
P/B = 1.7236
P/EG = 0.3074
Revenue TTM = 1.71b EUR
EBIT TTM = 112.4m EUR
EBITDA TTM = 236.5m EUR
Long Term Debt = 2.08b EUR (estimated: total debt 2.65b - short term 566.0m)
Short Term Debt = 566.0m EUR (from shortTermDebt, last quarter)
Debt = 2.65b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 485.6m EUR (from netDebt column, last quarter)
Enterprise Value = 2.86b EUR (2.38b + Debt 2.65b - CCE 2.17b)
Interest Coverage Ratio = 0.47 (Ebit TTM 112.4m / Interest Expense TTM 241.5m)
EV/FCF = 3.21x (Enterprise Value 2.86b / FCF TTM 893.1m)
FCF Yield = 31.17% (FCF TTM 893.1m / Enterprise Value 2.86b)
FCF Margin = 52.10% (FCF TTM 893.1m / Revenue TTM 1.71b)
Net Margin = 16.93% (Net Income TTM 290.2m / Revenue TTM 1.71b)
Gross Margin = 85.95% ((Revenue TTM 1.71b - Cost of Revenue TTM 240.8m) / Revenue TTM)
Gross Margin QoQ = 62.11% (prev none%)
Tobins Q-Ratio = 0.16 (Enterprise Value 2.86b / Total Assets 17.78b)
Interest Expense / Debt = 9.11% (Interest Expense 241.5m / Debt 2.65b)
Taxrate = 27.57% (31.5m / 114.1m)
NOPAT = 81.4m (EBIT 112.4m * (1 - 27.57%))
Current Ratio = 3.92 (Total Current Assets 2.22b / Total Current Liabilities 566.0m)
Debt / Equity = 2.07 (Debt 2.65b / totalStockholderEquity, last quarter 1.28b)
Debt / EBITDA = 2.05 (Net Debt 485.6m / EBITDA 236.5m)
Debt / FCF = 0.54 (Net Debt 485.6m / FCF TTM 893.1m)
Total Stockholder Equity = 1.31b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.68% (Net Income 290.2m / Total Assets 17.78b)
RoE = 22.10% (Net Income TTM 290.2m / Total Stockholder Equity 1.31b)
RoCE = 3.31% (EBIT 112.4m / Capital Employed (Equity 1.31b + L.T.Debt 2.08b))
RoIC = 2.42% (NOPAT 81.4m / Invested Capital 3.36b)
WACC = 7.13% (E(2.38b)/V(5.03b) * Re(7.72%) + D(2.65b)/V(5.03b) * Rd(9.11%) * (1-Tc(0.28)))
Discount Rate = 7.72% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: -33.33 | Cagr: -1.01%
[DCF] Terminal Value 79.57% ; FCFF base≈970.4m ; Y1≈828.3m ; Y5≈640.2m
[DCF] Fair Price = 323.3 (EV 14.22b - Net Debt 485.6m = Equity 13.74b / Shares 42.5m; r=7.13% [WACC]; 5y FCF grow -17.80% → 3.0% )
EPS Correlation: -11.60 | EPS CAGR: -47.24% | SUE: 0.0 | # QB: 0
Revenue Correlation: 54.09 | Revenue CAGR: 27.18% | SUE: 3.11 | # QB: 1
EPS current Year (2026-12-31): EPS=4.01 | Chg7d=+0.045 | Chg30d=+0.583 | Revisions Net=+2 | Growth EPS=+2.8% | Growth Revenue=+7.1%
EPS next Year (2027-12-31): EPS=4.42 | Chg7d=+0.207 | Chg30d=+0.607 | Revisions Net=+2 | Growth EPS=+10.2% | Growth Revenue=+5.3%
[Analyst] Revisions Ratio: +1.00 (2 Up / 0 Down within 30d for Current Year)
[Growth] Implied Growth Rate = 1.7% (Discount Rate 7.9% - Earnings Yield 6.2%)
[Growth] Growth Spread = +3.6% (Analyst 5.3% - Implied 1.7%)