NSI NV (NSI.AS) Stock Fundamental Analysis

AMS:NSI • NL0012365084

18.7 EUR
+0.2 (+1.08%)
Last: Feb 13, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

NSI gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 41 industry peers in the Diversified REITs industry. There are concerns on the financial health of NSI while its profitability can be described as average. NSI has a correct valuation and a medium growth rate. NSI also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

4

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.
NSI.AS Yearly Net Income VS EBIT VS OCF VS FCFNSI.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 0.20%, NSI is doing worse than 71.43% of the companies in the same industry.
  • With a Return On Equity value of 0.32%, NSI is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
  • NSI has a Return On Invested Capital of 4.34%. This is in the better half of the industry: NSI outperforms 78.57% 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 3.45%.
  • The last Return On Invested Capital (4.34%) for NSI is above the 3 year average (3.76%), which is a sign of increasing profitability.
Industry RankSector 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%
NSI.AS Yearly ROA, ROE, ROICNSI.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 -20

1.3 Margins

  • Looking at the Profit Margin, with a value of 2.88%, NSI is doing worse than 71.43% of the companies in the same industry.
  • In the last couple of years the Profit Margin of NSI has declined.
  • NSI has a better Operating Margin (73.28%) than 61.90% of its industry peers.
  • In the last couple of years the Operating Margin of NSI has remained more or less at the same level.
  • NSI has a Gross Margin of 84.44%. This is in the better half of the industry: NSI outperforms 73.81% 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 RankSector 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%
NSI.AS Yearly Profit, Operating, Gross MarginsNSI.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100 -100 200

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

3

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.
  • NSI has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, NSI has a worse debt to assets ratio.
NSI.AS Yearly Shares OutstandingNSI.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M
NSI.AS Yearly Total Debt VS Total AssetsNSI.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

  • NSI has an Altman-Z score of 0.29. This is a bad value and indicates that NSI is not financially healthy and even has some risk of bankruptcy.
  • With a Altman-Z score value of 0.29, NSI is not doing good in the industry: 90.48% of the companies in the same industry are doing better.
  • 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.
  • The Debt to FCF ratio of NSI (9.88) is better than 80.95% 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 78.57% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.51
Debt/FCF 9.88
Altman-Z 0.29
ROIC/WACC0.82
WACC5.26%
NSI.AS Yearly LT Debt VS Equity VS FCFNSI.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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 comparable to the rest of the industry: NSI outperforms 45.24% 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.
  • With a Quick ratio value of 0.36, NSI perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.36
Quick Ratio 0.36
NSI.AS Yearly Current Assets VS Current LiabilitesNSI.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

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.
  • Looking at the last year, NSI shows a small growth in Revenue. The Revenue has grown by 2.61% in the last year.
  • NSI shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -2.57% yearly.
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

  • The Earnings Per Share is expected to grow by 2.47% on average over the next years.
  • Based on estimates for the next years, NSI will show a small growth in Revenue. The Revenue will grow by 1.99% on average per year.
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

  • 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.
NSI.AS Yearly Revenue VS EstimatesNSI.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M 80M 100M
NSI.AS Yearly EPS VS EstimatesNSI.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3

More info and screens

Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 170.00 indicates a quite expensive valuation of NSI.
  • 73.81% of the companies in the same industry are cheaper than NSI, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 26.68. NSI is valued rather expensively when compared to this.
  • A Price/Forward Earnings ratio of 8.99 indicates a reasonable valuation of NSI.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of NSI indicates a rather cheap valuation: NSI is cheaper than 85.71% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of NSI to the average of the S&P500 Index (28.06), we can say NSI is valued rather cheaply.
Industry RankSector Rank
PE 170
Fwd PE 8.99
NSI.AS Price Earnings VS Forward Price EarningsNSI.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, NSI is valued cheaper than 85.71% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, NSI is valued a bit cheaper than the industry average as 73.81% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 9.91
EV/EBITDA 12.49
NSI.AS Per share dataNSI.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

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)31.29
PEG (5Y)N/A
EPS Next 2Y2.43%
EPS Next 3Y0.75%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 8.49%, NSI is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 5.33, NSI pays a better dividend. On top of this NSI pays more dividend than 88.10% of the companies listed in the same industry.
  • NSI's Dividend Yield is rather good when compared to the S&P500 average which is at 1.84.
Industry RankSector Rank
Dividend Yield 8.49%

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
NSI.AS Yearly Dividends per shareNSI.AS Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • NSI pays out 1114.37% of its income as dividend. This is not a sustainable payout ratio.
  • NSI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP1114.37%
EPS Next 2Y2.43%
EPS Next 3Y0.75%
NSI.AS Yearly Income VS Free CF VS DividendNSI.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M
NSI.AS Dividend Payout.NSI.AS Dividend Payout, showing the Payout Ratio.NSI.AS Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

NSI NV

AMS:NSI (2/13/2026, 7:00:00 PM)

18.7

+0.2 (+1.08%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)10-15
Earnings (Next)03-11
Inst Owners21.17%
Inst Owner ChangeN/A
Ins Owners0.11%
Ins Owner ChangeN/A
Market Cap376.99M
Revenue(TTM)73.71M
Net Income(TTM)2.12M
Analysts72
Price Target22.12 (18.29%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 8.49%
Yearly Dividend1.52
Dividend Growth(5Y)1.68%
DP1114.37%
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)-7.4%
PT rev (3m)-8.7%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.67%
EPS NY rev (3m)-0.6%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.39%
Valuation
Industry RankSector Rank
PE 170
Fwd PE 8.99
P/S 5.11
P/FCF 9.91
P/OCF 9.9
P/B 0.57
P/tB 0.57
EV/EBITDA 12.49
EPS(TTM)0.11
EY0.59%
EPS(NY)2.08
Fwd EY11.13%
FCF(TTM)1.89
FCFY10.1%
OCF(TTM)1.89
OCFY10.1%
SpS3.66
BVpS32.64
TBVpS32.63
PEG (NY)31.29
PEG (5Y)N/A
Graham Number8.99
Profitability
Industry RankSector Rank
ROA 0.2%
ROE 0.32%
ROCE 5.6%
ROIC 4.34%
ROICexc 4.49%
ROICexgc 4.49%
OM 73.28%
PM (TTM) 2.88%
GM 84.44%
FCFM 51.64%
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%
ROICexgc growth 3Y7.51%
ROICexgc 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 RankSector Rank
Debt/Equity 0.51
Debt/FCF 9.88
Debt/EBITDA 6.14
Cap/Depr 1.7%
Cap/Sales 0.01%
Interest Coverage 4.05
Cash Conversion 69.73%
Profit Quality 1793.59%
Current Ratio 0.36
Quick Ratio 0.36
Altman-Z 0.29
F-Score8
WACC5.26%
ROIC/WACC0.82
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)105.48%
EPS 3Y-53.3%
EPS 5Y-42.97%
EPS Q2Q%-349.17%
EPS Next Y5.43%
EPS Next 2Y2.43%
EPS Next 3Y0.75%
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 Year1.19%
Revenue Next 2Y1.66%
Revenue Next 3Y1.99%
Revenue Next 5YN/A
EBIT growth 1Y10.75%
EBIT growth 3Y-1.76%
EBIT growth 5Y-1.89%
EBIT Next Year19.1%
EBIT Next 3Y8.22%
EBIT Next 5YN/A
FCF growth 1Y-17.09%
FCF growth 3Y3.11%
FCF growth 5Y0.25%
OCF growth 1Y-17.12%
OCF growth 3Y2.4%
OCF growth 5Y0.22%

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 170 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.