NSI NV (NSI.AS) Stock Fundamental Analysis
AMS:NSI - Euronext Amsterdam - NL0012365084 - REIT - Currency: EUR
Overall NSI gets a fundamental rating of 4 out of 10. We evaluated NSI against 42 industry peers in the Diversified REITs industry. NSI has a medium profitability rating, but doesn't score so well on its financial health evaluation. 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.
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 61.90% of the companies in the same industry.
NSI has a Return On Equity of 1.84%. This is in the lower half of the industry: NSI underperforms 61.90% of its industry peers.
With a decent Return On Invested Capital value of 4.14%, NSI is doing good in the industry, outperforming 76.19% 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 3.70%.
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.
NSI's Operating Margin of 72.34% is in line compared to the rest of the industry. NSI outperforms 54.76% of its industry peers.
NSI's Operating Margin has been stable in the last couple of years.
The Gross Margin of NSI (83.98%) is better than 69.05% of its industry peers.
NSI's Gross Margin has been stable in the last couple of years.
| 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
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.
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
Based on the Altman-Z score of 0.49, we must say that NSI is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of NSI (0.49) is worse than 85.71% of its industry peers.
NSI has a debt to FCF ratio of 8.75. This is a slightly negative value and a sign of low solvency as NSI would need 8.75 years to pay back of all of its debts.
NSI's Debt to FCF ratio of 8.75 is amongst the best of the industry. NSI outperforms 85.71% of its industry peers.
A Debt/Equity ratio of 0.51 indicates that NSI is somewhat dependend on debt financing.
The Debt to Equity ratio of NSI (0.51) is better than 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 8.75 | ||
| Altman-Z | 0.49 |
ROIC/WACC0.75
WACC5.5%
2.3 Liquidity
A Current Ratio of 0.23 indicates that NSI may have some problems paying its short term obligations.
The Current ratio of NSI (0.23) is worse than 73.81% 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.
Looking at the Quick ratio, with a value of 0.23, NSI is doing worse than 71.43% of the companies in the same industry.
| 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.
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.
NSI shows a small growth in Revenue. In the last year, the Revenue has grown by 2.15%.
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)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
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 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.
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
Based on the Price/Earnings ratio of 33.95, the valuation of NSI can be described as expensive.
Based on the Price/Earnings ratio, NSI is valued a bit more expensive than 66.67% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.18, NSI is valued a bit more expensive.
With a Price/Forward Earnings ratio of 10.75, the valuation of NSI can be described as very reasonable.
NSI's Price/Forward Earnings is on the same level as the industry average.
NSI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 20.81, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.95 | ||
| Fwd PE | 10.75 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NSI is valued a bit cheaper than the industry average as 73.81% of the companies are valued more expensively.
NSI's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.05 | ||
| EV/EBITDA | 14.26 |
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)18.17
PEG (5Y)N/A
EPS Next 2Y1.39%
EPS Next 3Y2.39%
5. Dividend
5.1 Amount
NSI has a Yearly Dividend Yield of 7.27%, which is a nice return.
Compared to an average industry Dividend Yield of 7.56, NSI pays a better dividend. On top of this NSI pays more dividend than 83.33% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.45, NSI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.27% |
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 (5/5/2025, 11:59:29 AM)
21.725
+0.03 (+0.12%)
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 Cap437.98M
Analysts78
Price Target23.8 (9.55%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.27% |
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)3.7%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)4.99%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.46%
Revenue NY rev (3m)-2.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.95 | ||
| Fwd PE | 10.75 | ||
| P/S | 6.02 | ||
| P/FCF | 11.05 | ||
| P/OCF | 11.04 | ||
| P/B | 0.65 | ||
| P/tB | 0.65 | ||
| EV/EBITDA | 14.26 |
EPS(TTM)0.64
EY2.95%
EPS(NY)2.02
Fwd EY9.3%
FCF(TTM)1.97
FCFY9.05%
OCF(TTM)1.97
OCFY9.06%
SpS3.61
BVpS33.35
TBVpS33.35
PEG (NY)18.17
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 | 0.49 |
F-Score8
WACC5.5%
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 Year19.1%
EBIT Next 3Y9.97%
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%