VEIDEKKE ASA (VEI.OL) Stock Fundamental Analysis
Europe - OSL:VEI - NO0005806802 - Common Stock
162.2 NOK
-1.4 (-0.86%)
VEI gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 42 industry peers in the Construction & Engineering industry. While VEI belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. VEI has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year VEI was profitable.
VEI had a positive operating cash flow in the past year.
VEI had positive earnings in each of the past 5 years.
Each year in the past 5 years VEI had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 6.78%, VEI is doing good in the industry, outperforming 76.19% of the companies in the same industry.
Looking at the Return On Equity, with a value of 37.72%, VEI belongs to the top of the industry, outperforming 80.95% of the companies in the same industry.
VEI has a better Return On Invested Capital (19.54%) than 85.71% of its industry peers.
The Average Return On Invested Capital over the past 3 years for VEI is significantly above the industry average of 11.06%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.78% | ||
| ROE | 37.72% | ||
| ROIC | 19.54% |
ROA(3y)6.25%
ROA(5y)7.26%
ROE(3y)36.63%
ROE(5y)43.49%
ROIC(3y)20.02%
ROIC(5y)18.85%
1.3 Margins
The Profit Margin of VEI (3.01%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of VEI has grown nicely.
With a Operating Margin value of 3.62%, VEI is not doing good in the industry: 69.05% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of VEI has grown nicely.
VEI has a Gross Margin (38.60%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of VEI has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.62% | ||
| PM (TTM) | 3.01% | ||
| GM | 38.6% |
OM growth 3Y-1.78%
OM growth 5Y14.32%
PM growth 3Y6.26%
PM growth 5Y4.12%
GM growth 3Y2.65%
GM growth 5Y1.43%
2. Health
2.1 Basic Checks
VEI has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
VEI has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for VEI remains at a similar level compared to 5 years ago.
VEI has a worse debt/assets ratio than last year.
2.2 Solvency
VEI has an Altman-Z score of 3.46. This indicates that VEI is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 3.46, VEI belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
VEI has a debt to FCF ratio of 0.18. This is a very positive value and a sign of high solvency as it would only need 0.18 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.18, VEI belongs to the top of the industry, outperforming 97.62% of the companies in the same industry.
VEI has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of VEI (0.11) is better than 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 0.18 | ||
| Altman-Z | 3.46 |
ROIC/WACC2.36
WACC8.28%
2.3 Liquidity
A Current Ratio of 0.80 indicates that VEI may have some problems paying its short term obligations.
VEI's Current ratio of 0.80 is on the low side compared to the rest of the industry. VEI is outperformed by 88.10% of its industry peers.
VEI has a Quick Ratio of 0.80. This is a bad value and indicates that VEI is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of VEI (0.73) is worse than 80.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.8 | ||
| Quick Ratio | 0.73 |
3. Growth
3.1 Past
VEI shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -4.75%.
The Earnings Per Share has been growing by 14.58% on average over the past years. This is quite good.
VEI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.37%.
The Revenue has been growing slightly by 4.85% on average over the past years.
EPS 1Y (TTM)-4.75%
EPS 3Y-20.29%
EPS 5Y14.58%
EPS Q2Q%7.41%
Revenue 1Y (TTM)11.37%
Revenue growth 3Y4.12%
Revenue growth 5Y4.85%
Sales Q2Q%5.07%
3.2 Future
The Earnings Per Share is expected to grow by 8.87% on average over the next years. This is quite good.
VEI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.02% yearly.
EPS Next Y17.24%
EPS Next 2Y12.55%
EPS Next 3Y11%
EPS Next 5Y8.87%
Revenue Next Year-2.21%
Revenue Next 2Y0.54%
Revenue Next 3Y2.02%
Revenue Next 5Y2.02%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
VEI is valuated rather expensively with a Price/Earnings ratio of 17.44.
VEI's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 27.38. VEI is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 16.21, VEI is valued correctly.
VEI's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.86. VEI is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.44 | ||
| Fwd PE | 16.21 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, VEI is valued a bit cheaper than the industry average as 61.90% of the companies are valued more expensively.
64.29% of the companies in the same industry are more expensive than VEI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.66 | ||
| EV/EBITDA | 7.14 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
VEI has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.01
PEG (5Y)1.2
EPS Next 2Y12.55%
EPS Next 3Y11%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.50%, VEI is a good candidate for dividend investing.
VEI's Dividend Yield is rather good when compared to the industry average which is at 3.62. VEI pays more dividend than 92.86% of the companies in the same industry.
VEI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.5% |
5.2 History
The dividend of VEI is nicely growing with an annual growth rate of 9.66%!
Dividend Growth(5Y)9.66%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
VEI pays out 86.53% of its income as dividend. This is not a sustainable payout ratio.
VEI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP86.53%
EPS Next 2Y12.55%
EPS Next 3Y11%
OSL:VEI (9/19/2025, 7:00:00 PM)
162.2
-1.4 (-0.86%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners44.34%
Inst Owner ChangeN/A
Ins Owners0.55%
Ins Owner ChangeN/A
Market Cap21.89B
Analysts46
Price Target165.24 (1.87%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.5% |
Yearly Dividend7.9
Dividend Growth(5Y)9.66%
DP86.53%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-541.05%
Min EPS beat(2)-1087.88%
Max EPS beat(2)5.79%
EPS beat(4)2
Avg EPS beat(4)-265.78%
Min EPS beat(4)-1087.88%
Max EPS beat(4)19.52%
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)0
Avg Revenue beat(2)-2.42%
Min Revenue beat(2)-4.59%
Max Revenue beat(2)-0.25%
Revenue beat(4)0
Avg Revenue beat(4)-3.4%
Min Revenue beat(4)-4.81%
Max Revenue beat(4)-0.25%
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)1.73%
PT rev (3m)4.68%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.6%
EPS NY rev (1m)0%
EPS NY rev (3m)0.74%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.14%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.44 | ||
| Fwd PE | 16.21 | ||
| P/S | 0.53 | ||
| P/FCF | 9.66 | ||
| P/OCF | 7.61 | ||
| P/B | 6.7 | ||
| P/tB | 31.77 | ||
| EV/EBITDA | 7.14 |
EPS(TTM)9.3
EY5.73%
EPS(NY)10.01
Fwd EY6.17%
FCF(TTM)16.8
FCFY10.36%
OCF(TTM)21.32
OCFY13.14%
SpS303.5
BVpS24.2
TBVpS5.11
PEG (NY)1.01
PEG (5Y)1.2
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.78% | ||
| ROE | 37.72% | ||
| ROCE | 24.42% | ||
| ROIC | 19.54% | ||
| ROICexc | 36.23% | ||
| ROICexgc | 169.4% | ||
| OM | 3.62% | ||
| PM (TTM) | 3.01% | ||
| GM | 38.6% | ||
| FCFM | 5.53% |
ROA(3y)6.25%
ROA(5y)7.26%
ROE(3y)36.63%
ROE(5y)43.49%
ROIC(3y)20.02%
ROIC(5y)18.85%
ROICexc(3y)44.25%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)25.02%
ROCE(5y)23.56%
ROICexcg growth 3YN/A
ROICexcg growth 5Y100.05%
ROICexc growth 3YN/A
ROICexc growth 5Y50.39%
OM growth 3Y-1.78%
OM growth 5Y14.32%
PM growth 3Y6.26%
PM growth 5Y4.12%
GM growth 3Y2.65%
GM growth 5Y1.43%
F-Score5
Asset Turnover2.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 0.18 | ||
| Debt/EBITDA | 0.14 | ||
| Cap/Depr | 54.96% | ||
| Cap/Sales | 1.49% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 110.91% | ||
| Profit Quality | 184.01% | ||
| Current Ratio | 0.8 | ||
| Quick Ratio | 0.73 | ||
| Altman-Z | 3.46 |
F-Score5
WACC8.28%
ROIC/WACC2.36
Cap/Depr(3y)86.37%
Cap/Depr(5y)89.78%
Cap/Sales(3y)2.15%
Cap/Sales(5y)2.21%
Profit Quality(3y)115.69%
Profit Quality(5y)141.1%
High Growth Momentum
Growth
EPS 1Y (TTM)-4.75%
EPS 3Y-20.29%
EPS 5Y14.58%
EPS Q2Q%7.41%
EPS Next Y17.24%
EPS Next 2Y12.55%
EPS Next 3Y11%
EPS Next 5Y8.87%
Revenue 1Y (TTM)11.37%
Revenue growth 3Y4.12%
Revenue growth 5Y4.85%
Sales Q2Q%5.07%
Revenue Next Year-2.21%
Revenue Next 2Y0.54%
Revenue Next 3Y2.02%
Revenue Next 5Y2.02%
EBIT growth 1Y-3.64%
EBIT growth 3Y1.29%
EBIT growth 5Y17.1%
EBIT Next Year78.08%
EBIT Next 3Y24.93%
EBIT Next 5YN/A
FCF growth 1Y149.4%
FCF growth 3Y3.8%
FCF growth 5Y17.06%
OCF growth 1Y66.49%
OCF growth 3Y0.47%
OCF growth 5Y9.79%