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Fastned BV Shs Depositary Receipt 1 Shs
(FAST)
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Rating:50Neutral
Price Target:
€28.00
▲(29.63% 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
Revenue Growth
Sustained top-line expansion indicates growing utilization of Fastned's charging network and stronger unit economics per site. Durable revenue growth supports reinvestment in stations and software, increasing the chance of achieving scale-driven profitability over the next several quarters.
Negative Factors
Net Losses
Persistent net losses mean retained earnings are negative and the company must externalize funding for expansion. Continued losses constrain long-term investment flexibility, raise dilution risk, and make Fastned more vulnerable if revenue growth decelerates or capital markets tighten over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained top-line expansion indicates growing utilization of Fastned's charging network and stronger unit economics per site. Durable revenue growth supports reinvestment in stations and software, increasing the chance of achieving scale-driven profitability over the next several quarters.
Read all positive factors
Fastned BV Shs Depositary Receipt 1 Shs (FAST) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€552.78M
Dividend YieldN/A
Average Volume (3M)27.65K
Price to Earnings (P/E)―
Beta (1Y)0.92
Revenue Growth60.46%
EPS Growth-13.06%
CountryNL
Employees301
SectorServices
Sector StrengthN/A
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-1.55
Shares Outstanding19,650,597
10 Day Avg. Volume43,810
30 Day Avg. Volume27,650
Financial Highlights & Ratios
PEG Ratio-1.00
Price to Book (P/B)4.33
Price to Sales (P/S)2.86
P/FCF Ratio-3.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-1.21
Revenue Forecast (FY)€198.99M
Fastned BV Shs Depositary Receipt 1 Shs Business Overview & Revenue Model
Company Description
Fastned B.V., alongside its subsidiaries, focuses on establishing and managing charging infrastructure for electric vehicles. This encompasses both the building of charging stations and the commercial handling of the chargers situated at these loc...
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
Income Statement
44
Neutral
Balance Sheet
28
Negative
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 139.18M | 86.74M | 60.51M | 35.98M | 12.47M |
| Gross Profit | 74.44M | 68.59M | 42.68M | 10.39M | 2.98M |
| EBITDA | 15.09M | 11.40M | 7.21M | -4.65M | -12.38M |
| Net Income | -30.23M | -26.64M | -19.25M | -22.20M | -24.60M |
Balance Sheet | |||||
| Total Assets | 501.76M | 426.69M | 357.54M | 315.23M | 214.60M |
| Cash, Cash Equivalents and Short-Term Investments | 69.92M | 117.57M | 126.60M | 149.54M | 128.59M |
| Total Debt | 357.96M | 264.18M | 182.24M | 122.72M | 93.70M |
| Total Liabilities | 409.84M | 304.00M | 211.35M | 154.59M | 105.39M |
| Stockholders Equity | 91.92M | 122.69M | 146.20M | 160.65M | 109.21M |
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 Flow | 59.28M | 66.97M | 47.13M | 99.77M | 141.46M |
Fastned BV Shs Depositary Receipt 1 Shs Technical Analysis
Neutral
21.60
Price Trends
31.11
Negative
26.42
Positive
23.97
Positive
Market Momentum
-1.13
Positive
38.38
Neutral
24.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:FAST, the sentiment is Neutral. The current price of 21.6 is below the 20-day moving average (MA) of 31.48, below the 50-day MA of 31.11, and below the 200-day MA of 23.97, indicating a neutral trend. The MACD of -1.13 indicates Positive momentum. The RSI at 38.38 is Neutral, neither overbought nor oversold. The STOCH value of 24.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NL:FAST.
Fastned BV Shs Depositary Receipt 1 Shs Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
57 Neutral | €2.04B | 10.72 | 11.48% | 7.57% | -8.69% | -42.98% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
51 Neutral | €2.15B | 112.45 | -1.16% | ― | 16.89% | 85.97% | |
50 Neutral | €477.06M | -28.68 | -12.23% | 6.72% | 2.04% | -203.01% | |
50 Neutral | €552.78M | -18.32 | ― | ― | 60.46% | -13.06% | |
47 Neutral | €121.48M | -4.11 | ― | ― | -3.06% | 13.02% | |
41 Neutral | €152.43M | -3.75 | -14.18% | ― | 39.17% | -3161.10% |
* Services Sector Average
NL:FAST
Fastned BV Shs Depositary Receipt 1 Shs
28.40
7.70
37.20%
NL:BFIT
Basic Fit N.V.
32.60
6.76
26.16%
NL:LIGHT
Signify NV
16.94
-4.32
-20.31%
NL:PNL
PostNL N.V.
0.92
0.03
3.82%
NL:SIFG
Sif Holding N.V.
5.10
-3.95
-43.65%
NL:AZRN
Azerion Group N.V
1.01
-0.20
-16.53%
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.