Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Van de Velde NV is a Belgian company specializing in the design, production, and sale of luxurious women’s lingerie and swimwear. Founded in 1919 as a family business and headquartered in Schellebelle, it operates primarily in Europe and North America through two key segments: Business to Business and Direct to Consumer. The company markets premium brands including PrimaDonna, Marie Jo, Sarda, Rigby & Peller, and Lincherie, distributed via its own retail network, websites, independent partners, e-tailers, franchisees, marketplaces, and department stores. Core activities such as design, product development, quality control, and marketing remain in Belgium, with assembly at foreign sites. Employing around 788 people, Van de Velde NV holds a significant position in the apparel retail sector within consumer discretionary, emphasizing high-quality, fashionable intimate apparel for women worldwide.
€30.20
+€0.10 (+0.33%)
EOD Jun 23, 2026 · Twelve Data
17.66% operating margin is respectable but not wide. ROIC at 15.21%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 2.0% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 24% versus the prior year, cash generation momentum has weakened. ROIC dropped from 18.06% to 15.21%, capital efficiency is deteriorating.
21.3x earnings, 12.7x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€202M
▼ -2.0% YoY
Net Income (TTM)
€18M
▼ -44.3% YoY
Op. Margin
17.66%
▼ -1.8pp YoY
ROIC
15.21%
▼ -2.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€30M
▼ -24.3% YoY
Op. Cash Flow (TTM)
€30M
▼ -37.4% YoY
Net Debt
-€40M
Net Cash Position
Cash & Equiv.
€50M
3Y CAGR: -1.5%
3Y CAGR: +10.9%
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At a P/E of 21.3 and a price-to-free-cash-flow of 12.7, Van de Velde NV (VAN.XBRU) trades below a two-stage DCF intrinsic value of about €44.54 per share, so at €30.20 the stock looks undervalued (47.5% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Van de Velde NV scores 65/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 8.0%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about €44.54 per share for VAN.XBRU, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around €33.40. At today's €30.20, that puts the stock about 47.5% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Van de Velde NV scores 65 out of 100 on Intrinsiqq's quality score, passing 5 of 8 checks, which makes it a solid business on these measures. Recent fundamentals include a 17.7% operating margin and a 15.2% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full check-by-check breakdown is on the quality scorecard.
Yes, Van de Velde NV pays a regular dividend of about €2.40 per share per year (typically in quarterly installments), a yield of roughly 8.0% at the current price. That is a payout ratio of about 168.9% of earnings, so the dividend is stretched at this level. Van de Velde NV has grown the dividend at roughly 22.6% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For VAN.XBRU's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. VAN.XBRU currently trades below its estimated intrinsic value and scores 65/100 on quality (solid). It also yields about 8.0%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.