NSI NV (NSI.AS) Stock Fundamental Analysis
AMS:NSI - Euronext Amsterdam - NL0012365084 - REIT - Currency: EUR
NSI gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 42 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 is quite expensive at the moment. It does show a decent growth rate.
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.
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
NSI has a Return On Assets of 1.46%. This is comparable to the rest of the industry: NSI outperforms 48.78% of its industry peers.
NSI has a Return On Equity (2.29%) which is in line with its industry peers.
NSI's Return On Invested Capital of 6.00% is fine compared to the rest of the industry. NSI outperforms 78.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.46% | ||
| ROE | 2.29% | ||
| ROIC | 6% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 14.13%, NSI is in line with its industry, outperforming 43.90% of the companies in the same industry.
In the last couple of years the Profit Margin of NSI has declined.
NSI has a Operating Margin (69.93%) which is in line with its industry peers.
NSI's Operating Margin has been stable in the last couple of years.
The Gross Margin of NSI (81.44%) is better than 63.41% of its industry peers.
NSI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 69.93% | ||
| PM (TTM) | 14.13% | ||
| GM | 81.44% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NSI is destroying value.
There is no outstanding debt for NSI. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
Based on the Altman-Z score of 0.60, we must say that NSI is in the distress zone and has some risk of bankruptcy.
NSI has a Altman-Z score of 0.60. This is amonst the worse of the industry: NSI underperforms 80.49% of its industry peers.
NSI has a debt to FCF ratio of 8.74. This is a slightly negative value and a sign of low solvency as NSI would need 8.74 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 8.74, NSI belongs to the best of the industry, outperforming 85.37% of the companies in the same industry.
NSI has a Debt/Equity ratio of 0.51. This is a neutral value indicating NSI is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.51, NSI belongs to the top of the industry, outperforming 85.37% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 8.74 | ||
| Altman-Z | 0.6 |
ROIC/WACC0.86
WACC6.94%
2.3 Liquidity
A Current Ratio of 0.23 indicates that NSI may have some problems paying its short term obligations.
NSI has a worse Current ratio (0.23) than 75.61% of its industry peers.
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's Quick ratio of 0.23 is on the low side compared to the rest of the industry. NSI is outperformed by 75.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.23 | ||
| Quick Ratio | 0.23 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 111.05% over the past year.
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.
The Revenue has grown by 52.93% in the past year. This is a very strong growth!
NSI shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -2.57% yearly.
EPS 1Y (TTM)111.05%
EPS 3Y-53.3%
EPS 5Y-42.97%
EPS Q2Q%128.44%
Revenue 1Y (TTM)52.93%
Revenue growth 3Y-2.1%
Revenue growth 5Y-2.57%
Sales Q2Q%103.85%
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 2.15% on average over the next years.
EPS Next Y1.36%
EPS Next 2Y1.35%
EPS Next 3Y2.39%
EPS Next 5Y2.47%
Revenue Next Year-0.6%
Revenue Next 2Y1.41%
Revenue Next 3Y2.15%
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 28.01, 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 60.98% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.63, NSI is valued at the same level.
A Price/Forward Earnings ratio of 10.87 indicates a reasonable valuation of NSI.
NSI's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.72, NSI is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.01 | ||
| Fwd PE | 10.87 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NSI indicates a rather cheap valuation: NSI is cheaper than 90.24% of the companies listed in the same industry.
NSI's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.11 | ||
| EV/EBITDA | 9.92 |
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)20.62
PEG (5Y)N/A
EPS Next 2Y1.35%
EPS Next 3Y2.39%
5. Dividend
5.1 Amount
NSI has a Yearly Dividend Yield of 7.32%, which is a nice return.
Compared to an average industry Dividend Yield of 8.11, NSI pays a bit more dividend than its industry peers.
NSI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.32% |
5.2 History
The dividend of NSI decreases each year by -0.05%.
Dividend Growth(5Y)-0.05%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
194.41% of the earnings are spent on dividend by NSI. This is not a sustainable payout ratio.
DP194.41%
EPS Next 2Y1.35%
EPS Next 3Y2.39%
AMS:NSI (3/21/2025, 7:00:00 PM)
21.85
+0.05 (+0.23%)
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 Cap440.50M
Analysts80
Price Target23.72 (8.56%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.32% |
Yearly Dividend1.73
Dividend Growth(5Y)-0.05%
DP194.41%
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)2.57%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)5.48%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.01 | ||
| Fwd PE | 10.87 | ||
| P/S | 4.05 | ||
| P/FCF | 11.11 | ||
| P/OCF | 11.11 | ||
| P/B | 0.66 | ||
| P/tB | 0.66 | ||
| EV/EBITDA | 9.92 |
EPS(TTM)0.78
EY3.57%
EPS(NY)2.01
Fwd EY9.2%
FCF(TTM)1.97
FCFY9%
OCF(TTM)1.97
OCFY9%
SpS5.4
BVpS33.35
TBVpS33.35
PEG (NY)20.62
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.46% | ||
| ROE | 2.29% | ||
| ROCE | 7.58% | ||
| ROIC | 6% | ||
| ROICexc | 6.05% | ||
| ROICexgc | 6.05% | ||
| OM | 69.93% | ||
| PM (TTM) | 14.13% | ||
| GM | 81.44% | ||
| FCFM | 36.4% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
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-Score7
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 8.74 | ||
| Debt/EBITDA | 4.45 | ||
| Cap/Depr | 3.49% | ||
| Cap/Sales | 0.02% | ||
| Interest Coverage | 6.08 | ||
| Cash Conversion | 51.68% | ||
| Profit Quality | 257.65% | ||
| Current Ratio | 0.23 | ||
| Quick Ratio | 0.23 | ||
| Altman-Z | 0.6 |
F-Score7
WACC6.94%
ROIC/WACC0.86
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)111.05%
EPS 3Y-53.3%
EPS 5Y-42.97%
EPS Q2Q%128.44%
EPS Next Y1.36%
EPS Next 2Y1.35%
EPS Next 3Y2.39%
EPS Next 5Y2.47%
Revenue 1Y (TTM)52.93%
Revenue growth 3Y-2.1%
Revenue growth 5Y-2.57%
Sales Q2Q%103.85%
Revenue Next Year-0.6%
Revenue Next 2Y1.41%
Revenue Next 3Y2.15%
Revenue Next 5YN/A
EBIT growth 1Y54.7%
EBIT growth 3Y-1.76%
EBIT growth 5Y-1.89%
EBIT Next Year14.16%
EBIT Next 3Y7.63%
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%