Van Lanschot N.V. (NL:VLK)
:VLK
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Van Lanschot N.V.
(VLK)
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Rating:74Outperform
Price Target:
€74.00
▲(13.67% Upside)
Action:Upgraded
Date:03/03/26
The score is driven primarily by solid financial performance with strong recent revenue growth and profitability, tempered by higher leverage and volatility in margins/cash conversion. Technicals are supportive (price above key moving averages and positive MACD) but appear somewhat overextended (RSI/Stoch elevated). Valuation is helped by a high dividend yield, while the P/E is moderate.
Positive Factors
Strong recent revenue and profitability
The sharp 2025 top-line acceleration and durable operating profitability signal a scalable core wealth-banking franchise. Sustained higher revenues with mid-teens operating margins improve internal capital for reinvestment and support recurring fee growth across advisory and investment-management lines.
Negative Factors
Elevated leverage on the balance sheet
Higher leverage raises funding and capital risk for a regional bank, constraining capacity to absorb shocks or expand lending without raising equity. A rising debt/equity ratio reduces financial flexibility and increases sensitivity to funding-cost moves and regulatory capital requirements.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong recent revenue and profitability
The sharp 2025 top-line acceleration and durable operating profitability signal a scalable core wealth-banking franchise. Sustained higher revenues with mid-teens operating margins improve internal capital for reinvestment and support recurring fee growth across advisory and investment-management lines.
Read all positive factors
Van Lanschot N.V. (VLK) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€2.81B
Dividend Yield7.89%
Average Volume (3M)53.99K
Price to Earnings (P/E)17.8
Beta (1Y)1.05
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 Ratio1.14
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)€820.03M
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 | 0.00 | 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
Positive
65.10
Price Trends
61.59
Positive
56.09
Positive
52.70
Positive
Market Momentum
1.57
Negative
60.07
Neutral
69.32
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:VLK, the sentiment is Positive. The current price of 65.1 is above the 20-day moving average (MA) of 64.37, above the 50-day MA of 61.59, and above the 200-day MA of 52.70, indicating a bullish trend. The MACD of 1.57 indicates Negative momentum. The RSI at 60.07 is Neutral, neither overbought nor oversold. The STOCH value of 69.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:VLK.
Van Lanschot N.V. Peers Comparison
UnderperformOutperform
Sector (55)
NL:VLK
Van Lanschot N.V.
66.10
13.53
25.75%
GB:0RDM
ABN AMRO Group N.V.
33.83
11.82
53.71%
GB:0Q0Y
Aegon NV
7.20
1.22
20.35%
GB:0RHS
ASR Nederland N.V
63.44
10.38
19.55%
GB:0RIC
ING GROEP
26.17
8.56
48.59%
GB:0QVV
NN Group N.V.
71.35
17.37
32.17%
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.