Fastned BV Shs Depositary Receipt 1 Shs (FAST) AI Stock Analysis

• Market Cap: €421.40M
• Dividend Yield: N/A
• Average Volume (3M): 27.65K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.71
• Revenue Growth: 48.95%
• EPS Growth: -64.87%
• Country: NL
• Employees: 301
• Sector: Services
• Sector Strength: N/A
• Industry: Specialty Retail
• EPS (TTM): N/A
• Shares Outstanding: 19,650,597
• 10 Day Avg. Volume: 43,810
• 30 Day Avg. Volume: 27,650
• PEG Ratio: -0.44
• Price to Book (P/B): 3.50
• Price to Sales (P/S): 4.95
• P/FCF Ratio: -5.68
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €29.00
• Price Target Upside: 34.26% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: €21.00 ▼(-2.78% Downside)
• Action: Reiterated Date: 11/04/25
• Date: Action: Reiterated 11/04/25

Fastned BV's overall stock score of 48 is primarily driven by financial performance concerns, including persistent net losses, high debt levels, and negative free cash flow, despite strong revenue growth. Technical analysis offers a slightly positive outlook with potential oversold conditions, while poor valuation metrics due to unprofitability further weigh on the score. Investors should approach with caution, focusing on the company's path to profitability.

Positive Factors

Revenue Growth

Strong revenue growth suggests increasing demand for Fastned's services, driven by the expanding EV market and network expansion, enhancing long-term revenue potential.

Gross Profit Margin Improvement

Improved gross profit margin reflects effective cost management, which can lead to better profitability as revenue scales, supporting long-term financial health.

Strong Cash Reserves

Having strong cash reserves offers financial flexibility to invest in growth opportunities and weather economic fluctuations, supporting business sustainability.

Negative Factors

High Debt-to-Equity Ratio

A high debt-to-equity ratio indicates reliance on debt financing, which can increase financial risk and limit strategic options if not managed properly.

Negative Cash Flows

Persistent negative cash flows suggest operational inefficiencies and reliance on external financing, which can constrain growth and impact long-term viability.

Ongoing Profitability Struggles

Ongoing profitability challenges, despite revenue growth, indicate difficulties in achieving sustainable margins, which can hinder long-term financial success.

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

Company Description

Fastned B.V., together with its subsidiaries, engages in the construction and operation of charging stations for fully electric cars. The company is also involved in the commercial operation of chargers at charging stations. It has operations in the Netherlands, Germany, the United Kingdom, Belgium, Switzerland, and France. The company was founded in 2012 and is based in Amsterdam, the Netherlands. Fastned B.V. operates as a subsidiary of Fastned Administratie Stichting.

How the Company Makes Money

Fastned generates revenue primarily through the operation of its fast charging stations. The company charges electric vehicle owners a fee for using its charging services, typically based on the amount of electricity consumed during the charging session. Additionally, Fastned may earn revenue through partnerships with businesses and municipalities, which can provide access to prime locations for charging stations. The company may also benefit from government incentives and subsidies aimed at promoting electric vehicle adoption and infrastructure development. Over time, as the demand for electric vehicles continues to grow, Fastned's revenue potential is expected to increase due to a larger customer base and expanded charging network.

Fastned BV Shs Depositary Receipt 1 Shs Financial Statement Overview

Summary

Fastned BV shows strong revenue growth of 43.3% and a high gross profit margin of 79.1%, indicating robust top-line expansion and cost efficiency. However, persistent net losses (Net Profit Margin of -30.7%), high debt (Debt-to-Equity Ratio of 2.15), and negative free cash flow (-75.7M) highlight significant financial risks. The score reflects growth potential tempered by profitability and leverage concerns.

Income Statement

Fastned BV shows strong revenue growth of 43.3% from 2023 to 2024, reflecting robust top-line expansion. Gross Profit Margin is impressive at 79.1% in 2024, indicating efficient cost management. However, the company remains unprofitable with a Net Profit Margin of -30.7% and an EBIT Margin of -18.5%, though losses are narrowing compared to prior years. EBITDA Margin of 13.1% suggests operational improvements. The score reflects strong growth but is tempered by ongoing profitability challenges.

Balance Sheet

The balance sheet reveals a high Debt-to-Equity Ratio of 2.15 in 2024, indicating significant leverage and potential financial risk. Equity Ratio stands at 28.8%, showing a moderate equity base relative to total assets, but it has declined from 40.9% in 2023. Return on Equity is negative at -21.7% due to net losses. The score reflects concerns over high debt levels, partially offset by a growing asset base.

Cash Flow

Cash flow metrics highlight challenges for Fastned BV. Free Cash Flow remains deeply negative at -75.7M in 2024, though slightly worse than -70.0M in 2023, with a negative growth rate of -8.1%. Operating Cash Flow to Net Income Ratio is 0.29, indicating limited cash generation from operations relative to reported losses. Free Cash Flow to Net Income Ratio is 2.84, driven by heavy capital expenditures. The low score reflects ongoing cash burn and investment needs.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	107.49M	86.74M	60.51M	35.98M	12.47M	6.89M
Gross Profit	64.61M	68.59M	42.68M	10.39M	2.98M	1.11M
EBITDA	13.28M	11.40M	7.21M	-4.65M	-12.38M	-3.93M
Net Income	-33.53M	-26.64M	-19.25M	-22.20M	-24.60M	-12.40M
Balance Sheet
Total Assets	467.03M	426.69M	357.54M	315.23M	214.60M	80.28M
Cash, Cash Equivalents and Short-Term Investments	112.71M	117.57M	126.60M	149.54M	128.59M	33.85M
Total Debt	319.16M	264.18M	182.24M	122.72M	93.70M	93.16M
Total Liabilities	362.97M	304.00M	211.35M	154.59M	105.39M	98.36M
Stockholders Equity	104.06M	122.69M	146.20M	160.65M	109.21M	-18.07M
Cash Flow
Free Cash Flow	-99.66M	-75.65M	-69.98M	-78.28M	-46.58M	-15.27M
Operating Cash Flow	-12.55M	-7.61M	-3.14M	-10.79M	-9.98M	-6.79M
Investing Cash Flow	-88.88M	-68.04M	-66.84M	-67.49M	-36.60M	-8.49M
Financing Cash Flow	68.75M	66.97M	47.13M	99.77M	141.46M	29.77M

Fastned BV Shs Depositary Receipt 1 Shs Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 21.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:FAST, the sentiment is Positive. The current price of 21.6 is above the 20-day moving average (MA) of 21.47, below the 50-day MA of 21.62, and above the 200-day MA of 21.47, indicating a bullish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 55.33 is Neutral, neither overbought nor oversold. The STOCH value of 61.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:FAST.

Fastned BV Shs Depositary Receipt 1 Shs Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LIGHT	64 Neutral	€2.15B	10.16	11.48%	7.57%	-4.73%	17.93%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
BFIT	51 Neutral	€1.93B	133.15	-1.16%	―	15.57%	-154.03%
PNL	50 Neutral	€560.06M	-31.57	-12.23%	6.72%	2.44%	-179.02%
FAST	48 Neutral	€421.40M	-5.51	―	―	48.95%	-64.87%
AZRN	45 Neutral	€99.35M	-3.99	―	―	-0.63%	74.14%
SIFG	41 Neutral	€189.19M	-5.11	-14.18%	―	-2.34%	-334.31%