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1. Company Snapshot

1.a. Company Description

Fastned B.V., together with its subsidiaries, engages in the construction and operation of charging stations for fully electric cars.The company is also involved in the commercial operation of chargers at charging stations.It has operations in the Netherlands, Germany, the United Kingdom, Belgium, Switzerland, and France.


The company was founded in 2012 and is based in Amsterdam, the Netherlands.Fastned B.V. operates as a subsidiary of Fastned Administratie Stichting.

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1.b. Last Insights on FAST

Fastned B.V.'s recent earnings release revealed a widening net loss, primarily due to increased operating expenses. The company's high growth ambitions, including expanding its charging network, have led to significant investments, weighing on its bottom line. Additionally, Fastned faces intense competition in the European electric vehicle charging market, which may impact its pricing power and market share. Analysts have set a target price of €33.33, indicating potential upside, but the company's ability to execute on its growth strategy remains a key concern.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Fastned B.V First Half 2025 Earnings: €0.94 loss per share (vs €0.59 loss in 1H 2024)

Aug -17

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Weekly Picks: 👑 GAW's IP Potential, SECU B's AI Pivot, and FAST's EV Charging Network

Jul -09

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EV charging firms team up to launch Europe's largest network

Apr -02

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€33.33: That's What Analysts Think Fastned B.V. (AMS:FAST) Is Worth After Its Latest Results

Aug -20

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Fastned B.V.'s (AMS:FAST) CEO Compensation Looks Acceptable To Us And Here's Why

May -31

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Bausch Health Companies (NYSE:BHC investor three-year losses grow to 72% as the stock sheds US$388m this past week

May -06

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Verbio's (ETR:VBK) five-year total shareholder returns outpace the underlying earnings growth

Apr -15

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Those who invested in Geberit (VTX:GEBN) five years ago are up 39%

Apr -09

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (23.04%)

6. Segments

Electricity

Expected Growth: 23.65%

Fastned B.V.'s 23.65% growth in electricity sales is driven by increasing adoption of electric vehicles, expansion of charging infrastructure, and government incentives promoting sustainable energy. Additionally, rising environmental concerns and decreasing battery costs contribute to the growing demand for Fastned's services.

Renewable Energy Units

Expected Growth: 11.47%

Fastned B.V.'s 11.47% growth in Renewable Energy Units is driven by increasing adoption of electric vehicles, government incentives for sustainable energy, and expanding fast-charging infrastructure. Additionally, declining battery costs, growing environmental concerns, and partnerships with automotive manufacturers are contributing to this rapid growth.

Maintenance Fees and Other

Expected Growth: 20.1%

Fastned B.V.'s 20.1% growth in Maintenance Fees and Other is driven by increasing adoption of electric vehicles, expansion of charging station network, and rising demand for convenient and reliable charging services. Additionally, growing partnerships with automotive manufacturers and investments in technology upgrades contribute to the growth.

Station Construction

Expected Growth: 24.7%

Fastned B.V.'s 24.7% growth in Station Construction is driven by increasing adoption of electric vehicles, government incentives for EV infrastructure development, and strategic partnerships to expand charging networks. Additionally, growing demand for fast and convenient charging solutions, particularly in urban areas, contributes to this rapid growth.

7. Detailed Products

Fast Charging Stations

Fastned's fast charging stations provide high-power charging for electric vehicles, allowing drivers to charge their cars quickly and efficiently.

Rapid Charging Hubs

Fastned's rapid charging hubs offer multiple charging points, allowing multiple drivers to charge their vehicles simultaneously.

Urban Charging Points

Fastned's urban charging points provide convenient and accessible charging for city dwellers, allowing them to charge their vehicles in urban areas.

High-Power Charging Corridors

Fastned's high-power charging corridors provide high-power charging along highways and major roads, enabling long-distance electric travel.

Charging Subscription Plans

Fastned's charging subscription plans offer drivers a convenient and cost-effective way to charge their vehicles, with flexible pricing options and discounts.

8. Fastned B.V.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Fastned B.V. operates in a niche market with limited substitutes, but the increasing adoption of electric vehicles and the growth of the charging infrastructure may lead to more substitutes in the future.

Bargaining Power Of Customers

Fastned B.V. has a large customer base, and individual customers have limited bargaining power. However, the company's dependence on a few large customers may give them some bargaining power.

Bargaining Power Of Suppliers

Fastned B.V. relies on a few suppliers for its charging stations and equipment. While the company has some bargaining power due to its scale, suppliers may still have some bargaining power due to the specialized nature of their products.

Threat Of New Entrants

The electric vehicle charging market is growing rapidly, and new entrants may be attracted to the market. However, Fastned B.V.'s established network and brand recognition may provide a barrier to entry for new competitors.

Intensity Of Rivalry

The electric vehicle charging market is highly competitive, with several established players competing for market share. Fastned B.V. faces intense competition from companies like Tesla, ChargePoint, and EVgo.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 52.74%
Debt Cost 3.95%
Equity Weight 47.26%
Equity Cost 14.67%
WACC 9.01%
Leverage 111.61%

11. Quality Control: Fastned B.V. passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
About You

A-Score: 4.7/10

Value: 6.5

Growth: 6.3

Quality: 2.7

Yield: 0.0

Momentum: 9.5

Volatility: 3.3

1-Year Total Return ->

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Stock-Card
Believe

A-Score: 4.5/10

Value: 3.4

Growth: 5.3

Quality: 4.1

Yield: 0.0

Momentum: 6.5

Volatility: 7.7

1-Year Total Return ->

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Stock-Card
BHG

A-Score: 4.0/10

Value: 7.6

Growth: 2.4

Quality: 2.9

Yield: 0.0

Momentum: 9.5

Volatility: 1.7

1-Year Total Return ->

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Stock-Card
Fastned

A-Score: 3.4/10

Value: 4.8

Growth: 5.2

Quality: 2.2

Yield: 0.0

Momentum: 5.5

Volatility: 2.7

1-Year Total Return ->

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Stock-Card
ASOS

A-Score: 3.0/10

Value: 9.6

Growth: 2.2

Quality: 2.8

Yield: 0.0

Momentum: 1.5

Volatility: 2.0

1-Year Total Return ->

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Stock-Card
Boohoo

A-Score: 2.7/10

Value: 6.5

Growth: 1.2

Quality: 2.1

Yield: 0.0

Momentum: 3.0

Volatility: 3.3

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

21.1$

Current Price

21.1$

Potential

-0.00%

Expected Cash-Flows