Van Lanschot Kempen VLK.AS
NetherlandsFinancial Services · Banks - RegionalEuronext Ámsterdam · EUR
76.63 EUR (+18.4%)
3 analysts
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Van Lanschot Kempen is a Dutch private bank specializing in wealth management, private banking, and commercial banking services for high-net-worth clients and businesses, with a presence mainly in the Netherlands and Belgium.
Listed on Euronext Ámsterdam · Symbol VLK.AS · AMS: VLK · Currency EUR
Key points
from its scores- ✓High-quality business8.1
- ✓Strong growth7.7
- ✓Favourable backdrop7.5
- ✕Demanding valuation4.4
- !Balance sheet could be stronger5.3
AI analysis
bottom line, main risk, context and newsHold or accumulate positions in Van Lanschot Kempen, leveraging its solid profitability, earnings growth, and attractive dividend yield, while monitoring the high payout ratio and the evolution of the net interest margin.
Van Lanschot Kempen shows solid profitability (ROE 13.79%) and earnings growth of 31.40%, with an operating margin of 29.63% reflecting a competitive moat in wealth management. Its valuation is reasonable (P/E 16.43, forward 13.46) and it offers a net dividend yield of 5.87%, although the 96.45% payout limits room for future increases. The ECB's rising rate environment is a tailwind for its net interest margin.
The main risk is the high payout ratio of 96.45%, which leaves little room to maintain the dividend if earnings growth decelerates or if the net interest margin compresses due to a change in ECB rate policy.
Context and risks
Van Lanschot Kempen is a Dutch private bank focused on wealth management, private banking, and commercial banking services for high-net-worth clients and businesses, with a presence mainly in the Netherlands and Belgium. Its business has no material exposure to shipping routes, commodities, or global supply chains affected by the current geopolitical context. The rise in interest rates in Europe, where the ECB maintains a restrictive bias, can widen its net interest margin, a positive factor for its traditional banking business.
Is Van Lanschot Kempen stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades in line with the Financial Services median (within 15%).
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 16.4 | 13.7 | +20% |
| Price / book | 2.0 | 1.9 | +8% |
| Price / sales | 3.4 | 3.5 | −2% |
Sector: median of the 351 Financial Services companies analysed. In bold, the multiples used for the comparison.
Valuation score: 4.4 out of 10 (median for Financial Services: 5.2).
Average analyst target: 76.63 EUR, +18.4% versus the price.
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Financial Services medianValuation
- P/E
- 16.4
- Forward P/E
- 13.5
- Price / book
- 2.0
- Price / sales
- 3.4
- PEG
- 0.31
- Market cap
- 2.7B EUR
- Enterprise value
- 3.5B EUR
Profitability
- ROE
- 13.8%
- ROA
- 1.0%
- ROIC (approx.)
- 5.7%
- Gross margin
- 0.0%
- Operating margin
- 29.6%
- Net margin
- 22.1%
Solvency
- Total debt
- 2.8B EUR
- Net debt
- 749.9M EUR
- Cash
- 2.1B EUR
Growth
- Revenue growth
- +11.2%
- Earnings growth
- +31.4%
- EPS (TTM)
- 3.94 EUR
- EPS (forward)
- 4.81 EUR
Dividend
- Dividend yield
- 5.9%
- Payout
- 96.4%
Risk and market
- Beta
- 0.79
- Analyst consensus
- Strong buy (3)
- Target price
- 76.63 EUR
- 52-week range
- 48.45 – 71.15
Recent news
All VLK.AS news →Compare it with its sector
All 351 in Financial Services →Frequently asked questions about Van Lanschot Kempen
Is Van Lanschot Kempen stock cheap or expensive?
On P/E and Price / book, it trades in line with the Financial Services median (within 15%). Valuation score: 4.4 out of 10 (median for Financial Services: 5.2). Average analyst target: 76.63 EUR, +18.4% versus the price. This is not investment advice.
What score does Van Lanschot Kempen get on MeridIAn Screener?
It scores 6.5 out of 10, rank 584 of 2,130 (better than 72% of the companies analysed). Its strongest category is Quality / Moat (8.1) and its weakest, Valuation (4.4). Analysis of 08/10/2026.
What is Van Lanschot Kempen's P/E ratio?
Its P/E is 16.4: the share price equals 16.4 times earnings per share over the last 12 months. The Financial Services median is 13.7. Based on the earnings analysts expect, the forward P/E is 13.5.
How much is Van Lanschot Kempen worth on the stock market?
Its market capitalisation is 2.7B EUR.
Does Van Lanschot Kempen pay a dividend?
Yes: its dividend yield is 5.87% and it pays out 96% of its earnings.
How has Van Lanschot Kempen stock performed over the last year?
It has risen 29.6% over the last year, excluding dividends. Over the last 52 weeks it has traded between 48.45 and 71.15 EUR. Past performance does not guarantee future results.
What do analysts think of Van Lanschot Kempen?
3 analysts cover it; their average recommendation is “Strong buy” and their average target is 76.63 EUR (+18.4% versus the price). It is an estimate, not market data.