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Fastned BV Shs Depositary Receipt 1 Shs
(FAST)
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Rating:40Underperform
Price Target:
€36.00
▲(0.98% Upside)
Action:Downgraded
Date:10/16/26
The score is driven primarily by weak financial quality: persistent net losses, ongoing operating/free-cash-flow burn, and rising leverage outweigh strong revenue growth and improving EBITDA. Technically, the stock looks oversold but remains in a weaker short-term trend. Valuation is constrained by negative earnings and no dividend yield support in the provided data.
Positive Factors
Revenue Growth
Strong annual revenue growth indicates expanding charging demand and increasing network activity. Continued top-line expansion can improve operating leverage over time, provide a larger base for fixed-cost absorption, and support the company’s ability to build scale in EV infrastructure.
Negative Factors
Persistent Net Losses
Persistent net losses and negative EBIT show that gross profit and operating contributions still do not cover the full cost structure, including operating expenses and depreciation. Until this gap closes, earnings remain vulnerable and internally funded expansion is constrained.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Strong annual revenue growth indicates expanding charging demand and increasing network activity. Continued top-line expansion can improve operating leverage over time, provide a larger base for fixed-cost absorption, and support the company’s ability to build scale in EV infrastructure.
Read all positive factors
Fastned BV Shs Depositary Receipt 1 Shs (FAST) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€651.08M
Dividend YieldN/A
Average Volume (3M)34.72K
Price to Earnings (P/E)―
Beta (1Y)1.01
Revenue Growth52.71%
EPS Growth26.21%
CountryNL
Employees432
SectorGeneral
Sector StrengthN/A
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-1.28
Shares Outstanding19,856,237
10 Day Avg. Volume42,293
30 Day Avg. Volume34,717
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 Target
€42.00Price Target Upside17.81% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-1.34
Revenue Forecast (FY)€198.16M
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 as a charging service to EV drivers at its fast-charging stations. Revenue is generated per charging session and is typically tied to the amount of energy dispensed (kWh) and/or time-based/other...
Fastned BV Shs Depositary Receipt 1 Shs Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
28
Negative
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 164.15M | 139.18M | 86.74M | 60.51M | 35.98M | 12.47M |
| Gross Profit | 95.75M | 74.44M | 68.59M | 42.68M | 10.39M | 2.98M |
| EBITDA | 28.68M | 15.09M | 12.78M | 7.21M | -4.65M | -12.38M |
| Net Income | -24.92M | -30.23M | -26.64M | -19.25M | -22.20M | -24.60M |
Balance Sheet | ||||||
| Total Assets | 595.32M | 501.76M | 426.69M | 357.54M | 315.23M | 214.60M |
| Cash, Cash Equivalents and Short-Term Investments | 100.70M | 69.92M | 117.57M | 126.60M | 149.54M | 128.59M |
| Total Debt | 456.41M | 357.96M | 264.18M | 182.24M | 122.72M | 93.70M |
| Total Liabilities | 514.55M | 409.84M | 304.00M | 211.35M | 154.59M | 105.39M |
| Stockholders Equity | 80.77M | 91.92M | 122.69M | 146.20M | 160.65M | 109.21M |
Cash Flow | ||||||
| Free Cash Flow | -109.95M | -102.12M | -75.65M | -69.98M | -78.28M | -46.58M |
| Operating Cash Flow | -24.54M | -20.41M | -7.61M | -3.14M | -10.79M | -9.98M |
| Investing Cash Flow | -88.20M | -86.33M | -68.04M | -66.84M | -67.49M | -36.60M |
| Financing Cash Flow | 100.72M | 59.28M | 66.97M | 47.13M | 99.77M | 141.46M |
Fastned BV Shs Depositary Receipt 1 Shs Technical Analysis
Negative
35.65
Price Trends
40.31
Negative
35.84
Negative
30.52
Positive
Market Momentum
-2.18
Positive
27.07
Positive
5.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:FAST, the sentiment is Negative. The current price of 35.65 is below the 20-day moving average (MA) of 41.26, below the 50-day MA of 40.31, and above the 200-day MA of 30.52, indicating a neutral trend. The MACD of -2.18 indicates Positive momentum. The RSI at 27.07 is Positive, neither overbought nor oversold. The STOCH value of 5.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | €3.14B | 12.40 | 24.42% | 2.60% | 7.01% | 87.12% | |
71 Outperform | €2.18B | 15.17 | 26.13% | 2.98% | 11.28% | 28.75% | |
70 Outperform | €6.35B | 11.94 | ― | 5.25% | 12.95% | -53.58% | |
67 Neutral | €3.63B | 18.29 | 19.42% | 2.46% | -0.71% | -12.00% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | €410.16M | 21.23 | 12.30% | 5.04% | 2.04% | -203.01% | |
40 Underperform | €651.08M | -26.02 | ― | ― | 52.71% | 26.21% |
* General Sector Average
NL:FAST
Fastned BV Shs Depositary Receipt 1 Shs
33.30
10.85
48.33%
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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.