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Fastned BV Shs Depositary Receipt 1 Shs (NL:FAST)
:FAST
Netherlands Market
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Fastned BV Shs Depositary Receipt 1 Shs (FAST) AI Stock Analysis

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NL:FAST

Fastned BV Shs Depositary Receipt 1 Shs

(FAST)

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Neutral 50 (OpenAI - 5.2)
Rating:50Neutral
Price Target:
€28.00
▲(29.63% Upside)
Action:Reiterated
Date:05/22/26
The score is held down primarily by weak financial performance (ongoing net losses, persistent cash burn, and rising leverage), partially offset by strong technical uptrend signals. Valuation support is limited because profitability is still negative and no dividend yield is provided.
Positive Factors
Revenue Growth
Sustained high revenue growth demonstrates expanding utilization of Fastned's network and rising session volumes. Durable demand expansion supports scale economies across sites, enabling better absorption of fixed costs and justifying continued capex into high-traffic corridors over the medium term.
Negative Factors
Cash Burn / Free Cash Flow
Deep and persistent negative free cash flow requires continual external funding to sustain expansion. Reliance on financing increases dilution or debt burden risks and constrains the pace of site roll-out if capital markets tighten, materially impacting growth plans over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained high revenue growth demonstrates expanding utilization of Fastned's network and rising session volumes. Durable demand expansion supports scale economies across sites, enabling better absorption of fixed costs and justifying continued capex into high-traffic corridors over the medium term.
Read all positive factors

Fastned BV Shs Depositary Receipt 1 Shs (FAST) vs. iShares MSCI Netherlands ETF (EWN)

Fastned BV Shs Depositary Receipt 1 Shs Business Overview & Revenue Model

Company Description
Fastned B.V., alongside its subsidiaries, focuses on establishing and managing charging infrastructure for electric vehicles. This encompasses both the building of charging stations and the commercial handling of the chargers situated at these loc...
How the Company Makes Money
Fastned makes money primarily by selling electricity and charging services to EV drivers at its fast-charging stations. Revenue is generated on a per-session basis, typically priced per kilowatt-hour (kWh) delivered (and where applicable, may also...

Fastned BV Shs Depositary Receipt 1 Shs Financial Statement Overview

Summary
Strong recent revenue growth (+29.5% in 2025) and positive EBITDA margin (~10.8%) are positives, but the company remains deeply unprofitable (net margin ~-21.7%), continues to burn cash with negative operating and free cash flow (FCF roughly -102.1M in 2025), and leverage has risen materially (debt-to-equity ~3.9x), elevating financial risk.
Income Statement
44
Neutral
Balance Sheet
28
Negative
Cash Flow
22
Negative
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue139.18M86.74M60.51M35.98M12.47M
Gross Profit74.44M68.59M42.68M10.39M2.98M
EBITDA15.09M11.40M7.21M-4.65M-12.38M
Net Income-30.23M-26.64M-19.25M-22.20M-24.60M
Balance Sheet
Total Assets501.76M426.69M357.54M315.23M214.60M
Cash, Cash Equivalents and Short-Term Investments69.92M117.57M126.60M149.54M128.59M
Total Debt357.96M264.18M182.24M122.72M93.70M
Total Liabilities409.84M304.00M211.35M154.59M105.39M
Stockholders Equity91.92M122.69M146.20M160.65M109.21M
Cash Flow
Free Cash Flow-102.12M-75.65M-69.98M-78.28M-46.58M
Operating Cash Flow-20.41M-7.61M-3.14M-10.79M-9.98M
Investing Cash Flow-86.33M-68.04M-66.84M-67.49M-36.60M
Financing Cash Flow59.28M66.97M47.13M99.77M141.46M

Fastned BV Shs Depositary Receipt 1 Shs Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price21.60
Price Trends
50DMA
31.11
Negative
100DMA
26.42
Positive
200DMA
23.97
Positive
Market Momentum
MACD
-1.13
Positive
RSI
38.38
Neutral
STOCH
24.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:FAST, the sentiment is Neutral. The current price of 21.6 is below the 20-day moving average (MA) of 31.48, below the 50-day MA of 31.11, and below the 200-day MA of 23.97, indicating a neutral trend. The MACD of -1.13 indicates Positive momentum. The RSI at 38.38 is Neutral, neither overbought nor oversold. The STOCH value of 24.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NL:FAST.

Fastned BV Shs Depositary Receipt 1 Shs Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
57
Neutral
€2.04B10.7211.48%7.57%-8.69%-42.98%
55
Neutral
$13.29B17.4210.03%0.93%7.13%-12.93%
51
Neutral
€2.15B112.45-1.16%16.89%85.97%
50
Neutral
€477.06M-28.68-12.23%6.72%2.04%-203.01%
50
Neutral
€552.78M-18.3260.46%-13.06%
47
Neutral
€121.48M-4.11-3.06%13.02%
41
Neutral
€152.43M-3.75-14.18%39.17%-3161.10%
* Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
NL:FAST
Fastned BV Shs Depositary Receipt 1 Shs
28.40
7.70
37.20%
NL:BFIT
Basic Fit N.V.
32.60
6.76
26.16%
NL:LIGHT
Signify NV
16.94
-4.32
-20.31%
NL:PNL
PostNL N.V.
0.92
0.03
3.82%
NL:SIFG
Sif Holding N.V.
5.10
-3.95
-43.65%
NL:AZRN
Azerion Group N.V
1.01
-0.20
-16.53%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: May 22, 2026