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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:
€35.00
▲(62.04% 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
Strong Revenue Growth
Sustained top-line growth (+29.5% in 2025) indicates rising EV adoption at Fastned locations and expanding kWh volumes per site. Over the next 2–6 months this trend supports scale benefits, better fixed-cost absorption and higher session throughput that can materially improve unit economics.
Negative Factors
Persistent Net Losses
Despite operating-level gains, net margin of roughly -21.7% indicates depreciation, financing and other non-operating costs still overwhelm income. Persistent net losses limit retained capital, constrain reinvestment capacity, and necessitate external funding or dilution to support growth over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Sustained top-line growth (+29.5% in 2025) indicates rising EV adoption at Fastned locations and expanding kWh volumes per site. Over the next 2–6 months this trend supports scale benefits, better fixed-cost absorption and higher session throughput that can materially improve unit economics.
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 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
Positive
Last Price21.60
Price Trends
50DMA
28.02
Positive
100DMA
24.83
Positive
200DMA
23.07
Positive
Market Momentum
MACD
2.50
Negative
RSI
67.53
Neutral
STOCH
66.88
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 below the 20-day moving average (MA) of 32.65, below the 50-day MA of 28.02, and below the 200-day MA of 23.07, indicating a bullish trend. The MACD of 2.50 indicates Negative momentum. The RSI at 67.53 is Neutral, neither overbought nor oversold. The STOCH value of 66.88 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

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
57
Neutral
€2.51B12.8311.48%7.57%-8.69%-42.98%
55
Neutral
$13.29B17.4210.03%0.93%7.13%-12.93%
51
Neutral
€2.04B106.93-1.16%16.89%85.97%
50
Neutral
€520.20M-31.52-12.23%6.72%2.04%-203.01%
50
Neutral
€711.41M-23.1260.46%-13.06%
47
Neutral
€128.70M-4.15-3.06%13.02%
41
Neutral
€197.56M-4.18-14.18%39.17%-3161.10%
* Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
NL:FAST
Fastned BV Shs Depositary Receipt 1 Shs
36.10
15.20
72.73%
NL:BFIT
Basic Fit N.V.
30.16
7.42
32.63%
NL:LIGHT
Signify NV
21.26
1.19
5.91%
NL:PNL
PostNL N.V.
0.99
0.08
9.26%
NL:SIFG
Sif Holding N.V.
6.57
-3.06
-31.78%
NL:AZRN
Azerion Group N.V
1.01
-0.42
-29.37%
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