NSI NV (NSI.AS) Stock Fundamental Analysis
Europe • Euronext Amsterdam • AMS:NSI • NL0012365084
18.52 EUR
-0.2 (-1.07%)
Last: Jan 30, 2026, 07:00 PM
Taking everything into account, NSI scores 4 out of 10 in our fundamental rating. NSI was compared to 42 industry peers in the Diversified REITs industry. While NSI is still in line with the averages on profitability rating, there are concerns on its financial health. NSI has a decent growth rate and is not valued too expensively. Finally NSI also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- In the past year NSI was profitable.
- In the past year NSI had a positive cash flow from operations.
- The reported net income has been mixed in the past 5 years: NSI reported negative net income in multiple years.
- Each year in the past 5 years NSI had a positive operating cash flow.
1.2 Ratios
- The Return On Assets of NSI (0.20%) is worse than 73.17% of its industry peers.
- NSI has a worse Return On Equity (0.32%) than 73.17% of its industry peers.
- NSI has a better Return On Invested Capital (4.34%) than 78.05% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for NSI is in line with the industry average of 3.37%.
- The 3 year average ROIC (3.76%) for NSI is below the current ROIC(4.34%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.2% | ||
| ROE | 0.32% | ||
| ROIC | 4.34% |
ROA(3y)-4.79%
ROA(5y)-1.43%
ROE(3y)-7.25%
ROE(5y)-2.28%
ROIC(3y)3.76%
ROIC(5y)3.61%
1.3 Margins
- The Profit Margin of NSI (2.88%) is worse than 73.17% of its industry peers.
- NSI's Profit Margin has declined in the last couple of years.
- NSI's Operating Margin of 73.28% is fine compared to the rest of the industry. NSI outperforms 60.98% of its industry peers.
- NSI's Operating Margin has been stable in the last couple of years.
- The Gross Margin of NSI (84.44%) is better than 73.17% of its industry peers.
- In the last couple of years the Gross Margin of NSI has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 73.28% | ||
| PM (TTM) | 2.88% | ||
| GM | 84.44% |
OM growth 3Y0.35%
OM growth 5Y0.7%
PM growth 3Y-52.23%
PM growth 5Y-40.95%
GM growth 3Y0.95%
GM growth 5Y0.68%
2. Health
2.1 Basic Checks
- NSI has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- NSI has less shares outstanding than it did 1 year ago.
- Compared to 5 years ago, NSI has more shares outstanding
- Compared to 1 year ago, NSI has a worse debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 0.29, we must say that NSI is in the distress zone and has some risk of bankruptcy.
- The Altman-Z score of NSI (0.29) is worse than 90.24% of its industry peers.
- NSI has a debt to FCF ratio of 9.88. This is a negative value and a sign of low solvency as NSI would need 9.88 years to pay back of all of its debts.
- NSI has a Debt to FCF ratio of 9.88. This is amongst the best in the industry. NSI outperforms 80.49% of its industry peers.
- A Debt/Equity ratio of 0.51 indicates that NSI is somewhat dependend on debt financing.
- With an excellent Debt to Equity ratio value of 0.51, NSI belongs to the best of the industry, outperforming 80.49% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 9.88 | ||
| Altman-Z | 0.29 |
ROIC/WACC0.83
WACC5.25%
2.3 Liquidity
- NSI has a Current Ratio of 0.36. This is a bad value and indicates that NSI is not financially healthy enough and could expect problems in meeting its short term obligations.
- The Current ratio of NSI (0.36) is comparable to the rest of the industry.
- NSI has a Quick Ratio of 0.36. This is a bad value and indicates that NSI is not financially healthy enough and could expect problems in meeting its short term obligations.
- NSI has a Quick ratio (0.36) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.36 | ||
| Quick Ratio | 0.36 |
3. Growth
3.1 Past
- NSI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 105.48%, which is quite impressive.
- Measured over the past years, NSI shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -42.97% on average per year.
- NSI shows a small growth in Revenue. In the last year, the Revenue has grown by 2.61%.
- The Revenue has been decreasing by -2.57% on average over the past years.
EPS 1Y (TTM)105.48%
EPS 3Y-53.3%
EPS 5Y-42.97%
EPS Q2Q%-349.17%
Revenue 1Y (TTM)2.61%
Revenue growth 3Y-2.1%
Revenue growth 5Y-2.57%
Sales Q2Q%2.7%
3.2 Future
- Based on estimates for the next years, NSI will show a small growth in Earnings Per Share. The EPS will grow by 2.47% on average per year.
- The Revenue is expected to grow by 1.99% on average over the next years.
EPS Next Y5.43%
EPS Next 2Y2.43%
EPS Next 3Y0.75%
EPS Next 5Y2.47%
Revenue Next Year1.19%
Revenue Next 2Y1.66%
Revenue Next 3Y1.99%
Revenue Next 5YN/A
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 168.36, which means the current valuation is very expensive for NSI.
- NSI's Price/Earnings ratio is a bit more expensive when compared to the industry. NSI is more expensive than 75.61% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 28.32, NSI is valued quite expensively.
- Based on the Price/Forward Earnings ratio of 8.90, the valuation of NSI can be described as reasonable.
- 85.37% of the companies in the same industry are more expensive than NSI, based on the Price/Forward Earnings ratio.
- NSI is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.57, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 168.36 | ||
| Fwd PE | 8.9 |
4.2 Price Multiples
- NSI's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. NSI is cheaper than 87.80% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, NSI is valued a bit cheaper than 70.73% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.81 | ||
| EV/EBITDA | 12.42 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates NSI does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)30.99
PEG (5Y)N/A
EPS Next 2Y2.43%
EPS Next 3Y0.75%
5. Dividend
5.1 Amount
- NSI has a Yearly Dividend Yield of 8.39%, which is a nice return.
- Compared to an average industry Dividend Yield of 5.30, NSI pays a better dividend. On top of this NSI pays more dividend than 87.80% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.83, NSI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.39% |
5.2 History
- The dividend of NSI has a limited annual growth rate of 1.68%.
Dividend Growth(5Y)1.68%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 1114.37% of the earnings are spent on dividend by NSI. This is not a sustainable payout ratio.
- The dividend of NSI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP1114.37%
EPS Next 2Y2.43%
EPS Next 3Y0.75%
NSI NV / NSI.AS FAQ
Can you provide the ChartMill fundamental rating for NSI NV?
ChartMill assigns a fundamental rating of 4 / 10 to NSI.AS.
Can you provide the valuation status for NSI NV?
ChartMill assigns a valuation rating of 4 / 10 to NSI NV (NSI.AS). This can be considered as Fairly Valued.
What is the profitability of NSI stock?
NSI NV (NSI.AS) has a profitability rating of 4 / 10.
What are the PE and PB ratios of NSI NV (NSI.AS) stock?
The Price/Earnings (PE) ratio for NSI NV (NSI.AS) is 168.36 and the Price/Book (PB) ratio is 0.57.
How financially healthy is NSI NV?
The financial health rating of NSI NV (NSI.AS) is 3 / 10.