Added to YB: 2026-06-18
Pitch date: 2026-06-16
FAST.AS [bullish]
Fastned B.V.
Author Info
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Company Info
Fastned B.V., together with its subsidiaries, engages in the construction and operation of charging stations for fully electric and hybrid cars.
Market Cap
EUR 616.0M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
36.54
P/E
-20.42
EV/Sales
6.50
Sector
Specialty Retail
Category
growth
Fastned: Selling Electrons While Europe Rethinks Energy
FAST.AS: European pure-play EV fast-charging network. FY25 charging rev €122.4M (+47%), op EBITDA €43.6M (36% margin), 79% gross margin; Q1'26 rev €39.2M (+40%), rev/station €387k. 685 secured highway locations on 15yr leases, 44% Dutch share. Pre-profit, ~€30M net loss, 3.1x net debt/equity, FCF -€100M. AFIR mandates + Hormuz oil shock drove EU EV sales +51% in March, stock €20→€38, now ~€32 (~5x fwd sales). Infrastructure-grade asset at growth multiples; breakeven 2027-28; M&A target (Allego at 2.9x EV/Sales). Risks: dilution, EV slowdown, capital intensity.
Read full article (12 min)