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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 46 (OpenAI - 5.2)
Rating:46Neutral
Price Target:
€29.00
▲(34.26% Upside)
Action:ReiteratedDate:04/22/26
The score is held down primarily by weak financial quality—continued net losses, negative operating/free cash flow, and materially rising leverage—despite strong revenue growth. Technicals are supportive of an uptrend, but extremely overbought indicators increase near-term downside risk. Valuation is constrained by negative earnings and no dividend yield support.
Positive Factors
Strong Revenue Growth
Sustained high revenue growth reflects accelerating EV adoption and expanding charger roll-out, driving higher utilization per site. Over 2–6 months this underpins scalable top-line momentum, improves operating leverage prospects, and increases optionality for network densification and commercial partnerships.
Negative Factors
Persistent Negative Cash Flow
Ongoing negative operating and free cash flow requires repeated external funding to sustain expansion, increasing dilution and financing dependence. Over months this constrains cash runway, limits ability to self-fund new sites, and raises execution risk if capital markets tighten or investor appetite wanes.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Sustained high revenue growth reflects accelerating EV adoption and expanding charger roll-out, driving higher utilization per site. Over 2–6 months this underpins scalable top-line momentum, improves operating leverage prospects, and increases optionality for network densification and commercial partnerships.
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., 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 t...
How the Company Makes Money
Fastned primarily makes money by selling electricity as a charging service to EV drivers at its fast-charging stations. Revenue is generated per charging session, typically based on energy delivered (kWh) and/or time-based or session-based pricing...

Fastned BV Shs Depositary Receipt 1 Shs Financial Statement Overview

Summary
Despite strong revenue growth (+29.5% in 2025) and positive EBITDA margin (~10.8%), the company remains meaningfully loss-making (net margin ~-21.7%), with persistent negative operating cash flow and deeply negative free cash flow (2025 ~-102.1M). Rising leverage (debt-to-equity ~3.9x) adds financial risk and increases dependence on external funding.
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
Positive
Last Price21.60
Price Trends
50DMA
21.84
Positive
100DMA
21.56
Positive
200DMA
21.62
Positive
Market Momentum
MACD
0.86
Negative
RSI
90.50
Negative
STOCH
98.80
Negative
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 below the 20-day moving average (MA) of 22.57, below the 50-day MA of 21.84, and below the 200-day MA of 21.62, indicating a bullish trend. The MACD of 0.86 indicates Negative momentum. The RSI at 90.50 is Negative, neither overbought nor oversold. The STOCH value of 98.80 is Negative, 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

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
57
Neutral
€2.44B89.4711.48%7.57%-8.69%-42.98%
55
Neutral
$13.29B17.4210.03%0.93%7.13%-12.93%
51
Neutral
€1.91B21.38-1.16%16.89%85.97%
50
Neutral
€483.76M2.87-12.23%6.72%2.04%-203.01%
46
Neutral
€565.43M-8.3460.46%-13.06%
45
Neutral
€102.24M-1.610.33%7.40%
41
Neutral
€199.66M-3.73-14.18%39.17%-3161.10%
* Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
NL:FAST
Fastned BV Shs Depositary Receipt 1 Shs
29.05
9.29
47.01%
NL:BFIT
Basic Fit N.V.
28.92
8.30
40.25%
NL:LIGHT
Signify NV
20.26
2.44
13.66%
NL:PNL
PostNL N.V.
0.95
0.11
13.76%
NL:SIFG
Sif Holding N.V.
6.68
-2.42
-26.59%
NL:AZRN
Azerion Group N.V
0.85
-0.65
-43.33%
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: Apr 22, 2026