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Van Lanschot N.V.
(VLK)
Select Model
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Rating:73Outperform
Price Target:
€79.00
▲(21.35% Upside)
Action:Reiterated
Date:06/17/26
The score is driven primarily by solid financial performance with strong 2025 growth and healthy profitability, tempered by higher leverage and volatility in margins/cash conversion. Technicals are supportive due to a clear uptrend, though overbought signals add near-term risk. Valuation is fair with a supportive dividend, but the P/E is not especially low.
Positive Factors
Diversified revenue mix
Van Lanschot's business model earns recurring fee income from private banking, wealth management and investment management alongside net interest income from lending and deposits. This dual stream supports durable cash flow, reducing sole reliance on market-driven AUM swings and smoothing earnings over the medium term.
Negative Factors
Elevated leverage
Debt-to-equity rising to roughly 2.07 increases financial leverage for a regional bank and reduces capital buffer. Higher leverage heightens sensitivity to credit losses and interest-rate swings, constrains capital return flexibility and could limit strategic options over the medium term if not reversed.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue mix
Van Lanschot's business model earns recurring fee income from private banking, wealth management and investment management alongside net interest income from lending and deposits. This dual stream supports durable cash flow, reducing sole reliance on market-driven AUM swings and smoothing earnings over the medium term.
Read all positive factors
Van Lanschot N.V. (VLK) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€2.82B
Dividend Yield7.89%
Average Volume (3M)53.99K
Price to Earnings (P/E)19.0
Beta (1Y)1.08
Revenue Growth-0.08%
EPS GrowthN/A
CountryNL
Employees2,018
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.50
Shares Outstanding43,036,926
10 Day Avg. Volume52,715
30 Day Avg. Volume53,994
Financial Highlights & Ratios
PEG Ratio1.21
Price to Book (P/B)1.76
Price to Sales (P/S)1.84
P/FCF Ratio3.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€62.60Price Target Upside-3.84% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)4.1
Revenue Forecast (FY)€820.50M
Van Lanschot N.V. Business Overview & Revenue Model
Company Description
Headquartered in 's-Hertogenbosch, the Netherlands, Van Lanschot Kempen N.V., a financial institution established in 1737, delivers a comprehensive suite of financial services to clients across the Netherlands, Belgium, and globally. The company p...
How the Company Makes Money
Van Lanschot Kempen primarily earns revenue from (1) fee and commission income tied to client assets and transactions and (2) net interest income from banking activities. Fee and commission income is generated through private banking and wealth ma...
Van Lanschot N.V. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
66
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.22B | 717.55M | 667.35M | 592.87M | 616.54M |
| Gross Profit | 752.84M | 717.55M | 667.35M | 562.18M | 563.90M |
| EBITDA | 245.94M | 227.79M | 188.07M | 135.11M | 195.48M |
| Net Income | 157.31M | 141.75M | 125.20M | 84.16M | 143.73M |
Balance Sheet | |||||
| Total Assets | 17.78B | 16.98B | 16.84B | 17.02B | 16.31B |
| Cash, Cash Equivalents and Short-Term Investments | 2.25B | 2.49B | 3.36B | 3.76B | 4.24B |
| Total Debt | 2.65B | 2.40B | 2.49B | 2.11B | 2.58B |
| Total Liabilities | 16.50B | 15.61B | 15.49B | 15.64B | 14.90B |
| Stockholders Equity | 1.28B | 1.38B | 1.35B | 1.38B | 1.41B |
Cash Flow | |||||
| Free Cash Flow | 580.42M | 59.15M | 271.29M | 219.46M | 1.17B |
| Operating Cash Flow | 653.05M | 85.91M | 290.25M | 230.72M | 1.36B |
| Investing Cash Flow | -373.15M | -810.69M | -365.56M | -624.97M | 474.21M |
| Financing Cash Flow | -172.47M | -155.89M | -145.19M | -187.81M | -335.54M |
Van Lanschot N.V. Technical Analysis
Neutral
65.10
Price Trends
64.20
Positive
58.48
Positive
53.55
Positive
Market Momentum
1.22
Positive
48.67
Neutral
20.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:VLK, the sentiment is Neutral. The current price of 65.1 is below the 20-day moving average (MA) of 67.29, above the 50-day MA of 64.20, and above the 200-day MA of 53.55, indicating a neutral trend. The MACD of 1.22 indicates Positive momentum. The RSI at 48.67 is Neutral, neither overbought nor oversold. The STOCH value of 20.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NL:VLK.
Van Lanschot N.V. Peers Comparison
UnderperformOutperform
Sector (55)
NL:VLK
Van Lanschot N.V.
66.45
15.55
30.54%
GB:0RDM
ABN AMRO Group N.V.
37.18
15.15
68.73%
GB:0Q0Y
Aegon NV
7.44
1.62
27.93%
GB:0RHS
ASR Nederland N.V
66.04
12.55
23.46%
GB:0RIC
ING GROEP
27.67
10.04
56.98%
GB:0QVV
NN Group N.V.
76.66
23.48
44.15%
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.