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Vestand Inc.
VSTD Consumer Cyclical Restaurants
Vestand Inc.’s revenue for fiscal 2024 (year ended December 2024) was $12.8 million, up 39.3% from fiscal 2023. In the quarter to June 2025, revenue grew 10.9%, EPS fell 23.9% and free cash flow fell 217.2%, each against the same quarter a year earlier. Revenue growth for five consecutive years.
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Trend | 2025e | 2026e | 2027e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | — | — | 2.53 | 0.74 | 0.68 |
Analyst estimates 2025–2027 Powerpack |
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| High | — | — | — | — | — | — | — | 16.25 | 6.47 | 2.12 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | — | 130 | 130 | 180 | 259 | ||||
| Revenue/emp, $m | — | — | — | — | 0.00 | 0.00 | 0.05 | 0.06 | 0.05 | 0.05 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | 4 | 3 | 7 | 8 | 9 | 13 | ||||
| Gross margin, % | — | — | — | — | 11.27 | (0.85) | 3.28 | 2.01 | 3.95 | 11.81 | |||||
| EBT | — | — | — | — | 0 | 0 | (2) | (3) | (3) | (3) | |||||
| EBT margin, % | — | — | — | — | (2.75) | (13.81) | (24.72) | (41.87) | (32.47) | (20.50) | |||||
| Net income | — | — | — | — | 0 | 0 | (2) | (3) | (3) | (3) | |||||
| Depreciation | — | — | — | — | 0 | 0 | 0 | 1 | 1 | 1 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 2.95 | 6.20 | 3.47 | 1.92 | 1.73 | 2.39 | ||||
| Earnings | — | — | — | — | (0.10) | (0.88) | (0.87) | (0.81) | (0.57) | (0.49) | |||||
| Cash flow | — | — | — | — | 0.03 | 0.26 | 0.10 | (0.88) | (0.86) | 0.16 | |||||
| Capex | — | — | — | — | 0.00 | (1.07) | (0.48) | (0.34) | (0.28) | (0.14) | |||||
| Free cash flow | — | — | — | — | 0.03 | (0.80) | (0.37) | (1.22) | (1.14) | 0.02 | |||||
| Book value | — | — | — | — | (0.23) | (2.68) | (1.23) | 1.31 | 0.50 | 0.05 | |||||
| Shares, m | — | — | — | — | 1 | 1 | 2 | 4 | 5 | 5 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| P/S | — | — | — | — | 0.00 | 0.00 | 0.00 | 1.85 | 0.98 | 0.34 | |||||
| P/B | — | — | — | — | 0.00 | 0.00 | 0.00 | 2.72 | 3.41 | 17.28 | |||||
| EV/Sales | — | — | — | — | 0.00 | 0.00 | 0.00 | 1.29 | 0.98 | 0.56 | |||||
| EV/FCF | — | — | — | — | (21.93) | (21.93) | (21.93) | (2.02) | (1.48) | 62.76 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | 0 | 0 | 0 | (4) | (5) | 1 | ||||
| Capex | — | — | — | — | 0 | (1) | (1) | (1) | (1) | (1) | |||||
| Free cash flow | — | — | — | — | 0 | 0 | (1) | (5) | (6) | 0 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | (1) | (2) | (3) | 4 | (2) | (5) | ||||
| Total debt | — | — | — | — | 2 | 2 | 2 | 1 | 1 | 4 | |||||
| Net debt | — | — | — | — | 2 | 2 | 1 | (5) | 0 | 3 | |||||
| Shareholders’ equity | — | — | — | — | 0 | (1) | (2) | 6 | 3 | 0 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | — | 0.00 | (17.48) | (36.85) | (31.92) | (20.94) | (17.43) | ||||
| ROIC | — | — | — | — | 0.00 | (89.49) | 0.00 | (244.03) | (84.21) | (53.63) | |||||
| ROE | — | — | — | — | 0.00 | 53.35 | 88.37 | (210.13) | (73.34) | (183.29) | |||||
Negative figures in brackets.
Fiscal years to Dec 2024 · latest quarter Jun 2025
Charts ten years each
Vestand Inc. vs peers in Restaurants (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| ARKR Ark Restaurants Corp. | $15.8M | — (loss-making) | 8.0× | −6.48% (below 0%: shrinking) | n/m | −221.42% (below 0%: shrinking) | 7.92% | (0.34%) | Compare |
| GTIM Good Times Restaurants Inc. | $14.7M | 6.4× | — (loss-making) | −5.02% (below 0%: shrinking) | +28.57% (above 0%: growing) | +123.27% (above 0%: growing) | 14.81% | 5.02% | Compare |
| PETZ TDH Holdings, Inc. | $13.4M | — (loss-making) | — (loss-making) | +1,056.22% (above 0%: growing) | +102.70% (above 0%: growing) | +19.06% (above 0%: growing) | 31.14% | 0.00% | Compare |
| REBN Reborn Coffee, Inc. | $11.9M | — (loss-making) | — | +244.55% (above 0%: growing) | n/m | +45.86% (above 0%: growing) | 19.83% | (24.93%) | Compare |
| BTBD BT Brands, Inc. | $10.2M | — (loss-making) | — (loss-making) | −6.05% (below 0%: shrinking) | +800.00% (above 0%: growing) | −57.77% (below 0%: shrinking) | 23.52% | 3.30% | Compare |
| TWNPQ Twin Hospitality Group Inc. | $4.1M | — (loss-making) | — | −1.61% (below 0%: shrinking) | n/m | +14.65% (above 0%: growing) | 46.24% | (16.24%) | Compare |
| PNSTQ Pinstripes Holdings, Inc. | $2.4M | — (loss-making) | — (loss-making) | +10.43% (above 0%: growing) | n/m | +96.58% (above 0%: growing) | 51.11% | (9.11%) | Compare |
| CHSN Chanson International Holding | $1.9M | 89.0× | — | −81.14% (below 0%: shrinking) | −100.00% (below 0%: shrinking) | −515.78% (below 0%: shrinking) | 49.17% | 0.00% | Compare |
| VSTD Vestand Inc. | $1.4M | — (loss-making) | — | +10.93% (above 0%: growing) | n/m | −217.17% (below 0%: shrinking) | (11.15%) | (46.15%) | |
| Median of peers | $11.0M | — | — | −3.31% | +65.64% | +16.85% | 27.33% | (0.17%) |
Vestand Inc. (VSTD) key facts
- Strength: Vestand Inc.’s revenue for fiscal 2024 (year ended December 2024) was $12.8 million, up 39.3% from fiscal 2023.
- Vestand Inc. (VSTD) is a Restaurants company in the Consumer Cyclical sector.
- Return on equity was −183.3% and debt-to-equity 0.55.
- Its Piotroski F-score is 5 out of 9 and its Altman Z-score is −0.87 (distress zone) for fiscal 2024.
Vestand Inc. (VSTD) Latest News
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