(VLK) Van Lanschot - Overview
Stock: Private Banking, Wealth Management, Investment Banking, Asset Management
Dividends
| Dividend Yield | 7.68% |
| Yield on Cost 5y | 31.61% |
| Yield CAGR 5y | 17.87% |
| Payout Consistency | 74.7% |
| Payout Ratio | 2.8% |
| Risk 5d forecast | |
|---|---|
| Volatility | 23.4% |
| Relative Tail Risk | -9.89% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.40 |
| Alpha | 5.86 |
| Character TTM | |
|---|---|
| Beta | 0.282 |
| Beta Downside | 0.498 |
| Drawdowns 3y | |
|---|---|
| Max DD | 23.85% |
| CAGR/Max DD | 1.41 |
Description: VLK Van Lanschot January 13, 2026
Van Lanschot Kempen NV (ticker VLK) is a Dutch-origin financial services firm operating through four distinct segments: Private Clients in the Netherlands, Private Clients in Belgium, Investment Management, and Investment Banking. The firm targets entrepreneurs, family businesses, high-net-worth individuals, executives, foundations, and institutional pension funds, delivering a suite of wealth-management solutions (online platforms, discretionary advisory, and fiduciary services) alongside specialist investment-banking capabilities such as equity research, M&A, capital-market transactions, and debt advisory.
As of FY 2023 the bank reported assets under management (AUM) of roughly €30 billion and a net profit margin of about 15 %, reflecting the higher-margin nature of private-banking and boutique investment-banking activities. Its earnings are sensitive to three primary drivers: (1) the Euro-area interest-rate environment, which influences net interest income; (2) the demographic shift toward an aging, affluent population in the Benelux region, bolstering demand for wealth-preservation products; and (3) regulatory capital requirements (CRR/CRD IV), which constrain leverage but also raise entry barriers for competitors. Recent digital-platform adoption has accelerated client acquisition, with online investment activity growing at an estimated 12 % CAGR.
Given these dynamics, a deeper dive into Van Lanschot’s risk-adjusted return metrics and its positioning within the regional-bank segment could be valuable-consider exploring ValueRay’s analytical tools for a more granular view.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: 274.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA -3.69 > 1.0 |
| NWC/Revenue: -751.1% < 20% (prev 249.4%; Δ -1000 % < -1%) |
| CFO/TA -0.01 > 3% & CFO -144.4m > Net Income 274.0m |
| Net Debt (-129.4m) to EBITDA (288.4m): -0.45 < 3 |
| Current Ratio: 0.14 > 1.5 & < 3 |
| Outstanding Shares: last quarter (42.5m) vs 12m ago -3.02% < -2% |
| Gross Margin: 65.56% > 18% (prev 0.92%; Δ 6464 % > 0.5%) |
| Asset Turnover: 8.54% > 50% (prev 6.45%; Δ 2.09% > 0%) |
| Interest Coverage Ratio: 0.37 > 6 (EBITDA TTM 288.4m / Interest Expense TTM 491.1m) |
Altman Z'' -3.89
| A: -0.65 (Total Current Assets 1.78b - Total Current Liabilities 12.49b) / Total Assets 16.55b |
| B: 0.06 (Retained Earnings 1.04b / Total Assets 16.55b) |
| C: 0.01 (EBIT TTM 183.0m / Avg Total Assets 16.70b) |
| D: 0.07 (Book Value of Equity 1.14b / Total Liabilities 15.28b) |
| Altman-Z'' Score: -3.89 = D |
Beneish M -2.46
| DSRI: 0.88 (Receivables 155.3m/134.1m, Revenue 1.43b/1.09b) |
| GMI: 1.41 (GM 65.56% / 92.15%) |
| AQI: 1.07 (AQ_t 0.89 / AQ_t-1 0.83) |
| SGI: 1.31 (Revenue 1.43b / 1.09b) |
| TATA: 0.03 (NI 274.0m - CFO -144.4m) / TA 16.55b) |
| Beneish M-Score: -2.46 (Cap -4..+1) = BBB |
What is the price of VLK shares?
Over the past week, the price has changed by -0.59%, over one month by -6.27%, over three months by +1.60% and over the past year by +15.60%.
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 | 56.2 | 10.6% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 69.7 | 37.1% |
VLK Fundamental Data Overview February 03, 2026
P/E Trailing = 17.1812
P/E Forward = 14.3678
P/S = 2.9568
P/B = 1.692
Revenue TTM = 1.43b EUR
EBIT TTM = 183.0m EUR
EBITDA TTM = 288.4m EUR
Long Term Debt = unknown (none)
Short Term Debt = 113.9m EUR (from shortTermDebt, last fiscal year)
Debt = 1.65b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = -129.4m EUR (from netDebt column, last quarter)
Enterprise Value = 2.04b EUR (2.17b + Debt 1.65b - CCE 1.78b)
Interest Coverage Ratio = 0.37 (Ebit TTM 183.0m / Interest Expense TTM 491.1m)
EV/FCF = -9.81x (Enterprise Value 2.04b / FCF TTM -208.0m)
FCF Yield = -10.19% (FCF TTM -208.0m / Enterprise Value 2.04b)
FCF Margin = -14.59% (FCF TTM -208.0m / Revenue TTM 1.43b)
Net Margin = 19.21% (Net Income TTM 274.0m / Revenue TTM 1.43b)
Gross Margin = 65.56% ((Revenue TTM 1.43b - Cost of Revenue TTM 491.1m) / Revenue TTM)
Gross Margin QoQ = 100.0% (prev 100.0%)
Tobins Q-Ratio = 0.12 (Enterprise Value 2.04b / Total Assets 16.55b)
Interest Expense / Debt = 29.73% (Interest Expense 491.1m / Debt 1.65b)
Taxrate = 28.57% (27.1m / 95.0m)
NOPAT = 130.7m (EBIT 183.0m * (1 - 28.57%))
Current Ratio = 0.14 (Total Current Assets 1.78b / Total Current Liabilities 12.49b)
Debt / Equity = 1.29 (Debt 1.65b / totalStockholderEquity, last quarter 1.28b)
Debt / EBITDA = -0.45 (Net Debt -129.4m / EBITDA 288.4m)
Debt / FCF = 0.62 (negative FCF - burning cash) (Net Debt -129.4m / FCF TTM -208.0m)
Total Stockholder Equity = 1.33b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.64% (Net Income 274.0m / Total Assets 16.55b)
RoE = 20.60% (Net Income TTM 274.0m / Total Stockholder Equity 1.33b)
RoCE = 4.50% (EBIT 183.0m / Capital Employed (Total Assets 16.55b - Current Liab 12.49b))
RoIC = 3.91% (NOPAT 130.7m / Invested Capital 3.34b)
WACC = 13.13% (E(2.17b)/V(3.82b) * Re(6.95%) + D(1.65b)/V(3.82b) * Rd(29.73%) * (1-Tc(0.29)))
Discount Rate = 6.95% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -1.52%
Fair Price DCF = unknown (Cash Flow -208.0m)
EPS Correlation: -11.60 | EPS CAGR: -47.24% | SUE: 0.0 | # QB: 0
Revenue Correlation: 37.97 | Revenue CAGR: 2.69% | SUE: -0.07 | # QB: 0
EPS next Year (2026-12-31): EPS=3.43 | Chg30d=+0.088 | Revisions Net=-2 | Growth EPS=+7.3% | Growth Revenue=+4.8%