Van Lanschot N.V. (NL:VLK)
:VLK
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Van Lanschot N.V.
(VLK)
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Rating:62Neutral
Price Target:
€56.00
▼(-4.92% Downside)
Action:ReiteratedDate:12/30/25
The score is held back primarily by weakened 2024 cash-flow generation and meaningful leverage despite solid revenue/profitability. Offsetting factors include constructive technical momentum (price above key moving averages with positive MACD) and supportive shareholder returns via a high dividend yield, while valuation is reasonable but not clearly compelling at a ~17.5 P/E.
Positive Factors
Strong 2025 revenue and margins
A 66% revenue surge in 2025 combined with healthy ~17% operating and ~13% net margins signals meaningful scale expansion and improved earnings power. Sustained top-line growth with these margins supports reinvestment, dividend capacity and long-term competitiveness in wealth management.
Negative Factors
Elevated leverage
Debt-to-equity north of 2x materially increases financial and funding risk for a regional bank. Higher leverage reduces capital cushions, limits strategic flexibility for M&A or investment, and heightens vulnerability to interest‑rate or deposit shocks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong 2025 revenue and margins
A 66% revenue surge in 2025 combined with healthy ~17% operating and ~13% net margins signals meaningful scale expansion and improved earnings power. Sustained top-line growth with these margins supports reinvestment, dividend capacity and long-term competitiveness in wealth management.
Read all positive factors
Van Lanschot N.V. (VLK) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€2.50B
Dividend Yield7.89%
Average Volume (3M)53.99K
Price to Earnings (P/E)14.3
Beta (1Y)1.12
Revenue Growth24.42%
EPS GrowthN/A
CountryNL
Employees2,018
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.95
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 Upside6.28% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)4.11
Revenue Forecast (FY)€803.70M
Van Lanschot N.V. Business Overview & Revenue Model
Company Description
Van Lanschot Kempen NV provides various financial services in the Netherlands, Belgium, and internationally. The company offers private banking services for entrepreneurs, family businesses, high net-worth individuals, business professionals and e...
How the Company Makes Money
Van Lanschot N.V. generates revenue through a combination of private banking, asset management, and merchant banking activities. In private banking, it earns income from advisory fees, transaction commissions, and interest margins on loans and dep...
Van Lanschot N.V. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
38
Negative
| 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
58.90
Price Trends
53.86
Positive
52.81
Positive
53.23
Positive
Market Momentum
1.21
Positive
63.78
Neutral
81.56
Negative
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 58.9 is above the 20-day moving average (MA) of 57.19, above the 50-day MA of 53.86, and above the 200-day MA of 53.23, indicating a bullish trend. The MACD of 1.21 indicates Positive momentum. The RSI at 63.78 is Neutral, neither overbought nor oversold. The STOCH value of 81.56 is Negative, 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.
58.90
19.18
48.27%
GB:0RDM
ABN AMRO Group N.V.
27.82
11.71
72.67%
GB:0Q0Y
Aegon NV
6.37
1.40
28.07%
GB:0RHS
ASR Nederland N.V
60.51
12.67
26.49%
GB:0RIC
ING GROEP
22.95
8.17
55.24%
GB:0QVV
NN Group N.V.
68.92
22.44
48.27%
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.