NSI NV (NSI.AS) Stock Fundamental Analysis
Europe - AMS:NSI - NL0012365084 - REIT
20.9 EUR
-0.2 (-0.95%)
We assign a fundamental rating of 4 out of 10 to NSI. NSI was compared to 40 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 is quite expensive at the moment. 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.
In the past year NSI had a positive cash flow from operations.
In multiple years NSI reported negative net income over the last 5 years.
Each year in the past 5 years NSI had a positive operating cash flow.
1.2 Ratios
NSI has a worse Return On Assets (0.20%) than 75.00% of its industry peers.
NSI's Return On Equity of 0.32% is on the low side compared to the rest of the industry. NSI is outperformed by 75.00% of its industry peers.
The Return On Invested Capital of NSI (4.32%) is better than 80.00% of its industry peers.
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 3.44%.
The 3 year average ROIC (3.76%) for NSI is below the current ROIC(4.32%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.2% | ||
| ROE | 0.32% | ||
| ROIC | 4.32% |
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
With a Profit Margin value of 2.88%, NSI is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of NSI has declined.
Looking at the Operating Margin, with a value of 72.96%, NSI is in line with its industry, outperforming 57.50% of the companies in the same industry.
NSI's Operating Margin has been stable in the last couple of years.
NSI has a Gross Margin of 84.44%. This is in the better half of the industry: NSI outperforms 67.50% 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 | 72.96% | ||
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NSI is destroying value.
NSI has less shares outstanding than it did 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
Based on the Altman-Z score of 0.36, we must say that NSI is in the distress zone and has some risk of bankruptcy.
NSI has a worse Altman-Z score (0.36) than 85.00% of its industry peers.
NSI has a debt to FCF ratio of 9.89. This is a negative value and a sign of low solvency as NSI would need 9.89 years to pay back of all of its debts.
The Debt to FCF ratio of NSI (9.89) is better than 75.00% of its industry peers.
NSI has a Debt/Equity ratio of 0.51. This is a neutral value indicating 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 85.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 9.89 | ||
| Altman-Z | 0.36 |
ROIC/WACC0.8
WACC5.43%
2.3 Liquidity
A Current Ratio of 0.36 indicates that NSI may have some problems paying its short term obligations.
NSI has a Current ratio of 0.36. This is in the lower half of the industry: NSI underperforms 60.00% of its industry peers.
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 in line with its industry peers.
| 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 105.33%, which is quite impressive.
The earnings per share for NSI have been decreasing by -42.97% on average. This is quite bad
The Revenue has been growing slightly by 2.61% in the past year.
Measured over the past years, NSI shows a decrease in Revenue. The Revenue has been decreasing by -2.57% on average per year.
EPS 1Y (TTM)105.33%
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 2.67% on average over the next years.
EPS Next Y5.94%
EPS Next 2Y2.87%
EPS Next 3Y2.83%
EPS Next 5Y2.47%
Revenue Next Year1.86%
Revenue Next 2Y2%
Revenue Next 3Y2.67%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
With a Price/Earnings ratio of 190.00, NSI can be considered very expensive at the moment.
77.50% of the companies in the same industry are cheaper than NSI, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.41, NSI is valued quite expensively.
With a Price/Forward Earnings ratio of 9.96, the valuation of NSI can be described as very reasonable.
Based on the Price/Forward Earnings ratio, NSI is valued a bit cheaper than 72.50% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of NSI to the average of the S&P500 Index (22.87), we can say NSI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 190 | ||
| Fwd PE | 9.96 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NSI is valued cheaply inside the industry as 82.50% of the companies are valued more expensively.
NSI's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.09 | ||
| EV/EBITDA | 13.43 |
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)31.97
PEG (5Y)N/A
EPS Next 2Y2.87%
EPS Next 3Y2.83%
5. Dividend
5.1 Amount
NSI has a Yearly Dividend Yield of 7.55%, which is a nice return.
NSI's Dividend Yield is rather good when compared to the industry average which is at 5.58. NSI pays more dividend than 90.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, NSI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.55% |
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
1096.70% of the earnings are spent on dividend by NSI. This is not a sustainable payout ratio.
NSI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP1096.7%
EPS Next 2Y2.87%
EPS Next 3Y2.83%
AMS:NSI (9/23/2025, 7:00:00 PM)
20.9
-0.2 (-0.95%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners29.77%
Inst Owner ChangeN/A
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap421.34M
Analysts74
Price Target24.31 (16.32%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.55% |
Yearly Dividend1.52
Dividend Growth(5Y)1.68%
DP1096.7%
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%
PT rev (3m)2.14%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)4%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.95%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 190 | ||
| Fwd PE | 9.96 | ||
| P/S | 5.72 | ||
| P/FCF | 11.09 | ||
| P/OCF | 11.08 | ||
| P/B | 0.64 | ||
| P/tB | 0.64 | ||
| EV/EBITDA | 13.43 |
EPS(TTM)0.11
EY0.53%
EPS(NY)2.1
Fwd EY10.04%
FCF(TTM)1.89
FCFY9.02%
OCF(TTM)1.89
OCFY9.02%
SpS3.66
BVpS32.64
TBVpS32.63
PEG (NY)31.97
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.2% | ||
| ROE | 0.32% | ||
| ROCE | 5.58% | ||
| ROIC | 4.32% | ||
| ROICexc | 4.47% | ||
| ROICexgc | 4.47% | ||
| OM | 72.96% | ||
| PM (TTM) | 2.88% | ||
| GM | 84.44% | ||
| FCFM | 51.56% |
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 | 9.89 | ||
| Debt/EBITDA | 6.17 | ||
| Cap/Depr | 2.39% | ||
| Cap/Sales | 0.02% | ||
| Interest Coverage | 4.18 | ||
| Cash Conversion | 69.93% | ||
| Profit Quality | 1791.8% | ||
| Current Ratio | 0.36 | ||
| Quick Ratio | 0.36 | ||
| Altman-Z | 0.36 |
F-Score8
WACC5.43%
ROIC/WACC0.8
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)105.33%
EPS 3Y-53.3%
EPS 5Y-42.97%
EPS Q2Q%-349.17%
EPS Next Y5.94%
EPS Next 2Y2.87%
EPS Next 3Y2.83%
EPS Next 5Y2.47%
Revenue 1Y (TTM)2.61%
Revenue growth 3Y-2.1%
Revenue growth 5Y-2.57%
Sales Q2Q%2.7%
Revenue Next Year1.86%
Revenue Next 2Y2%
Revenue Next 3Y2.67%
Revenue Next 5YN/A
EBIT growth 1Y10.28%
EBIT growth 3Y-1.76%
EBIT growth 5Y-1.89%
EBIT Next Year20%
EBIT Next 3Y10.66%
EBIT Next 5YN/A
FCF growth 1Y-17.64%
FCF growth 3Y3.11%
FCF growth 5Y0.25%
OCF growth 1Y-17.66%
OCF growth 3Y2.4%
OCF growth 5Y0.22%