NSI NV (NSI.AS) Stock Fundamental Analysis
AMS:NSI - Euronext Amsterdam - NL0012365084 - REIT - Currency: EUR
We assign a fundamental rating of 4 out of 10 to NSI. NSI was compared to 44 industry peers in the Diversified REITs industry. NSI has a medium profitability rating, but doesn't score so well on its financial health evaluation. NSI is valied quite expensively at the moment, while it does show a decent growth rate. NSI also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
NSI had positive earnings in the past year.
NSI had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: NSI reported negative net income in multiple years.
In the past 5 years NSI always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.18%, NSI is doing worse than 61.36% of the companies in the same industry.
With a Return On Equity value of 1.84%, NSI is not doing good in the industry: 61.36% of the companies in the same industry are doing better.
With a decent Return On Invested Capital value of 4.14%, NSI is doing good in the industry, outperforming 75.00% of the companies in the same industry.
NSI had an Average Return On Invested Capital over the past 3 years of 3.76%. This is in line with the industry average of 3.64%.
The 3 year average ROIC (3.76%) for NSI is below the current ROIC(4.14%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.18% | ||
| ROE | 1.84% | ||
| ROIC | 4.14% |
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
NSI has a Profit Margin (17.01%) which is in line with its industry peers.
NSI's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 72.34%, NSI perfoms like the industry average, outperforming 56.82% of the companies in the same industry.
In the last couple of years the Operating Margin of NSI has remained more or less at the same level.
NSI's Gross Margin of 83.98% is fine compared to the rest of the industry. NSI outperforms 70.45% 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 | 72.34% | ||
| PM (TTM) | 17.01% | ||
| GM | 83.98% |
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.
The number of shares outstanding for NSI has been reduced compared to 1 year ago.
NSI has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, NSI has a worse debt to assets ratio.
2.2 Solvency
NSI has an Altman-Z score of 0.53. This is a bad value and indicates that NSI is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of NSI (0.53) is worse than 79.55% of its industry peers.
The Debt to FCF ratio of NSI is 8.75, which is on the high side as it means it would take NSI, 8.75 years of fcf income to pay off all of its debts.
NSI has a Debt to FCF ratio of 8.75. This is amongst the best in the industry. NSI outperforms 86.36% of its industry peers.
A Debt/Equity ratio of 0.51 indicates that NSI is somewhat dependend on debt financing.
NSI has a better Debt to Equity ratio (0.51) than 86.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 8.75 | ||
| Altman-Z | 0.53 |
ROIC/WACC0.75
WACC5.56%
2.3 Liquidity
A Current Ratio of 0.23 indicates that NSI may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.23, NSI is doing worse than 72.73% of the companies in the same industry.
NSI has a Quick Ratio of 0.23. 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 worse Quick ratio (0.23) than 70.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.23 | ||
| Quick Ratio | 0.23 |
3. Growth
3.1 Past
NSI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 109.01%, which is quite impressive.
NSI shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -42.97% yearly.
Looking at the last year, NSI shows a small growth in Revenue. The Revenue has grown by 2.15% in the last year.
The Revenue has been decreasing by -2.57% on average over the past years.
EPS 1Y (TTM)109.01%
EPS 3Y-53.3%
EPS 5Y-42.97%
EPS Q2Q%121.92%
Revenue 1Y (TTM)2.15%
Revenue growth 3Y-2.1%
Revenue growth 5Y-2.57%
Sales Q2Q%2.51%
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.
Based on estimates for the next years, NSI will show a small growth in Revenue. The Revenue will grow by 2.07% on average per year.
EPS Next Y1.87%
EPS Next 2Y1.39%
EPS Next 3Y2.39%
EPS Next 5Y2.47%
Revenue Next Year-1.06%
Revenue Next 2Y1.3%
Revenue Next 3Y2.07%
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 35.63 indicates a quite expensive valuation of NSI.
Based on the Price/Earnings ratio, NSI is valued a bit more expensive than the industry average as 65.91% of the companies are valued more cheaply.
NSI is valuated rather expensively when we compare the Price/Earnings ratio to 26.25, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 11.29, the valuation of NSI can be described as reasonable.
NSI's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of NSI to the average of the S&P500 Index (22.15), we can say NSI is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.63 | ||
| Fwd PE | 11.29 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NSI is valued a bit cheaper than the industry average as 72.73% of the companies are valued more expensively.
61.36% of the companies in the same industry are more expensive than NSI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.6 | ||
| EV/EBITDA | 14.75 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)19.07
PEG (5Y)N/A
EPS Next 2Y1.39%
EPS Next 3Y2.39%
5. Dividend
5.1 Amount
NSI has a Yearly Dividend Yield of 7.09%, which is a nice return.
Compared to an average industry Dividend Yield of 6.80, NSI pays a better dividend. On top of this NSI pays more dividend than 86.36% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, NSI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.09% |
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
241.76% 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.
DP241.76%
EPS Next 2Y1.39%
EPS Next 3Y2.39%
AMS:NSI (5/30/2025, 7:00:00 PM)
22.8
-0.2 (-0.87%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners27.05%
Inst Owner ChangeN/A
Ins Owners0.14%
Ins Owner ChangeN/A
Market Cap459.65M
Analysts78
Price Target23.8 (4.39%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.09% |
Yearly Dividend1.52
Dividend Growth(5Y)1.68%
DP241.76%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-0.36%
PT rev (3m)0.36%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0.5%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.63 | ||
| Fwd PE | 11.29 | ||
| P/S | 6.32 | ||
| P/FCF | 11.6 | ||
| P/OCF | 11.59 | ||
| P/B | 0.68 | ||
| P/tB | 0.68 | ||
| EV/EBITDA | 14.75 |
EPS(TTM)0.64
EY2.81%
EPS(NY)2.02
Fwd EY8.86%
FCF(TTM)1.97
FCFY8.62%
OCF(TTM)1.97
OCFY8.63%
SpS3.61
BVpS33.35
TBVpS33.35
PEG (NY)19.07
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.18% | ||
| ROE | 1.84% | ||
| ROCE | 5.24% | ||
| ROIC | 4.14% | ||
| ROICexc | 4.18% | ||
| ROICexgc | 4.18% | ||
| OM | 72.34% | ||
| PM (TTM) | 17.01% | ||
| GM | 83.98% | ||
| FCFM | 54.5% |
ROA(3y)-4.79%
ROA(5y)-1.43%
ROE(3y)-7.25%
ROE(5y)-2.28%
ROIC(3y)3.76%
ROIC(5y)3.61%
ROICexc(3y)3.77%
ROICexc(5y)3.63%
ROICexgc(3y)3.77%
ROICexgc(5y)3.63%
ROCE(3y)4.74%
ROCE(5y)4.53%
ROICexcg growth 3Y7.51%
ROICexcg growth 5Y2.13%
ROICexc growth 3Y7.51%
ROICexc growth 5Y2.13%
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%
F-Score8
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 8.75 | ||
| Debt/EBITDA | 6.41 | ||
| Cap/Depr | 3.49% | ||
| Cap/Sales | 0.03% | ||
| Interest Coverage | 4.2 | ||
| Cash Conversion | 74.53% | ||
| Profit Quality | 320.39% | ||
| Current Ratio | 0.23 | ||
| Quick Ratio | 0.23 | ||
| Altman-Z | 0.53 |
F-Score8
WACC5.56%
ROIC/WACC0.75
Cap/Depr(3y)7.25%
Cap/Depr(5y)40.19%
Cap/Sales(3y)0.07%
Cap/Sales(5y)0.27%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)109.01%
EPS 3Y-53.3%
EPS 5Y-42.97%
EPS Q2Q%121.92%
EPS Next Y1.87%
EPS Next 2Y1.39%
EPS Next 3Y2.39%
EPS Next 5Y2.47%
Revenue 1Y (TTM)2.15%
Revenue growth 3Y-2.1%
Revenue growth 5Y-2.57%
Sales Q2Q%2.51%
Revenue Next Year-1.06%
Revenue Next 2Y1.3%
Revenue Next 3Y2.07%
Revenue Next 5YN/A
EBIT growth 1Y6.9%
EBIT growth 3Y-1.76%
EBIT growth 5Y-1.89%
EBIT Next Year20%
EBIT Next 3Y10.66%
EBIT Next 5YN/A
FCF growth 1Y-4.82%
FCF growth 3Y3.11%
FCF growth 5Y0.25%
OCF growth 1Y-4.77%
OCF growth 3Y2.4%
OCF growth 5Y0.22%