NSI NV (NSI.AS) Stock Fundamental Analysis
Europe - AMS:NSI - NL0012365084 - REIT
20.85 EUR
-0.4 (-1.88%)
We assign a fundamental rating of 4 out of 10 to NSI. NSI was compared to 40 industry peers in the Diversified REITs industry. There are concerns on the financial health of NSI while its profitability can be described as average. While showing a medium growth rate, NSI is valued expensive at the moment. Finally 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.
In multiple years NSI reported negative net income over the last 5 years.
In the past 5 years NSI always reported a positive cash flow from operatings.
1.2 Ratios
NSI has a worse Return On Assets (0.20%) than 72.50% of its industry peers.
With a Return On Equity value of 0.32%, NSI is not doing good in the industry: 72.50% of the companies in the same industry are doing better.
The Return On Invested Capital of NSI (4.32%) is better than 80.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NSI is in line with the industry average of 3.43%.
The last Return On Invested Capital (4.32%) for NSI is above the 3 year average (3.76%), which is a sign of increasing profitability.
| 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
NSI's Profit Margin of 2.88% is on the low side compared to the rest of the industry. NSI is outperformed by 72.50% of its industry peers.
NSI's Profit Margin has declined in the last couple of years.
NSI has a Operating Margin (72.96%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of NSI has remained more or less at the same level.
Looking at the Gross Margin, with a value of 84.44%, NSI is in the better half of the industry, outperforming 67.50% of the companies in the same industry.
NSI's Gross Margin has been stable in the last couple of years.
| 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.
The number of shares outstanding for NSI has been reduced compared to 1 year ago.
The number of shares outstanding for NSI has been increased compared to 5 years ago.
The debt/assets ratio for NSI is higher compared to a year ago.
2.2 Solvency
NSI has an Altman-Z score of 0.36. 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 (0.36) is worse 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.
NSI has a better Debt to FCF ratio (9.89) 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.
NSI has a better Debt to Equity ratio (0.51) than 87.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 9.89 | ||
| Altman-Z | 0.36 |
ROIC/WACC0.8
WACC5.38%
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.
Looking at the Current ratio, with a value of 0.36, NSI is doing worse than 60.00% of the companies in the same 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.
The Quick ratio of NSI (0.36) 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 105.33%, which is quite impressive.
The earnings per share for NSI have been decreasing by -42.97% on average. This is quite bad
Looking at the last year, NSI shows a small growth in Revenue. The Revenue has grown by 2.61% in the last 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
The Earnings Per Share is expected to grow by 2.47% on average over the next years.
NSI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.67% yearly.
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
NSI is valuated quite expensively with a Price/Earnings ratio of 189.55.
Compared to the rest of the industry, the Price/Earnings ratio of NSI indicates a slightly more expensive valuation: NSI is more expensive than 75.00% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.27, NSI is valued quite expensively.
NSI is valuated reasonably with a Price/Forward Earnings ratio of 9.94.
Based on the Price/Forward Earnings ratio, NSI is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
NSI's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.77.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 189.55 | ||
| Fwd PE | 9.94 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NSI is valued cheaper than 82.50% of the companies in the same industry.
NSI's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.06 | ||
| EV/EBITDA | 13.49 |
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)31.9
PEG (5Y)N/A
EPS Next 2Y2.87%
EPS Next 3Y2.83%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.34%, NSI is a good candidate for dividend investing.
NSI's Dividend Yield is rather good when compared to the industry average which is at 5.57. NSI pays more dividend than 90.00% of the companies in the same industry.
NSI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.34% |
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.
The dividend of NSI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP1096.7%
EPS Next 2Y2.87%
EPS Next 3Y2.83%
AMS:NSI (9/16/2025, 5:28:16 PM)
20.85
-0.4 (-1.88%)
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 Cap420.34M
Analysts74
Price Target24.31 (16.59%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.34% |
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)4%
EPS NY rev (3m)4%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.44%
Revenue NY rev (3m)2.95%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 189.55 | ||
| Fwd PE | 9.94 | ||
| P/S | 5.7 | ||
| P/FCF | 11.06 | ||
| P/OCF | 11.06 | ||
| P/B | 0.64 | ||
| P/tB | 0.64 | ||
| EV/EBITDA | 13.49 |
EPS(TTM)0.11
EY0.53%
EPS(NY)2.1
Fwd EY10.06%
FCF(TTM)1.89
FCFY9.04%
OCF(TTM)1.89
OCFY9.04%
SpS3.66
BVpS32.64
TBVpS32.63
PEG (NY)31.9
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
WACC5.38%
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%