VEIDEKKE ASA (VEI.OL) Stock Fundamental Analysis
Europe - OSL:VEI - NO0005806802 - Common Stock
160.2 NOK
-1.8 (-1.11%)
VEI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 46 industry peers in the Construction & Engineering industry. VEI has an excellent profitability rating, but there are some minor concerns on its financial health. VEI has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
VEI had positive earnings in the past year.
In the past year VEI had a positive cash flow from operations.
Each year in the past 5 years VEI has been profitable.
In the past 5 years VEI always reported a positive cash flow from operatings.
1.2 Ratios
VEI has a better Return On Assets (6.94%) than 71.74% of its industry peers.
With an excellent Return On Equity value of 51.36%, VEI belongs to the best of the industry, outperforming 89.13% of the companies in the same industry.
VEI's Return On Invested Capital of 23.49% is amongst the best of the industry. VEI outperforms 89.13% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for VEI is significantly above the industry average of 11.73%.
The 3 year average ROIC (20.02%) for VEI is below the current ROIC(23.49%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.94% | ||
| ROE | 51.36% | ||
| ROIC | 23.49% |
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
Looking at the Profit Margin, with a value of 3.06%, VEI is doing worse than 60.87% of the companies in the same industry.
VEI's Profit Margin has improved in the last couple of years.
VEI's Operating Margin of 3.71% is on the low side compared to the rest of the industry. VEI is outperformed by 71.74% of its industry peers.
VEI's Operating Margin has improved in the last couple of years.
The Gross Margin of VEI (38.09%) is comparable to the rest of the industry.
VEI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.71% | ||
| PM (TTM) | 3.06% | ||
| GM | 38.09% |
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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), VEI is creating value.
Compared to 1 year ago, VEI has about the same amount of shares outstanding.
Compared to 5 years ago, VEI has about the same amount of shares outstanding.
VEI has a worse debt/assets ratio than last year.
2.2 Solvency
VEI has an Altman-Z score of 3.23. This indicates that VEI is financially healthy and has little risk of bankruptcy at the moment.
VEI has a better Altman-Z score (3.23) than 89.13% of its industry peers.
The Debt to FCF ratio of VEI is 0.20, which is an excellent value as it means it would take VEI, only 0.20 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.20, VEI belongs to the top of the industry, outperforming 97.83% of the companies in the same industry.
A Debt/Equity ratio of 0.14 indicates that VEI is not too dependend on debt financing.
VEI has a Debt to Equity ratio of 0.14. This is in the better half of the industry: VEI outperforms 76.09% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | 0.2 | ||
| Altman-Z | 3.23 |
ROIC/WACC2.82
WACC8.32%
2.3 Liquidity
A Current Ratio of 0.76 indicates that VEI may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.76, VEI is doing worse than 91.30% of the companies in the same industry.
A Quick Ratio of 0.69 indicates that VEI may have some problems paying its short term obligations.
VEI's Quick ratio of 0.69 is on the low side compared to the rest of the industry. VEI is outperformed by 86.96% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.76 | ||
| Quick Ratio | 0.69 |
3. Growth
3.1 Past
VEI shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -4.31%.
Measured over the past 5 years, VEI shows a small growth in Earnings Per Share. The EPS has been growing by 6.43% on average per year.
VEI shows a decrease in Revenue. In the last year, the revenue decreased by -2.97%.
VEI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.43% yearly.
EPS 1Y (TTM)-4.31%
EPS 3Y9.54%
EPS 5Y6.43%
EPS Q2Q%7.41%
Revenue 1Y (TTM)-2.97%
Revenue growth 3Y3.13%
Revenue growth 5Y2.43%
Sales Q2Q%5.07%
3.2 Future
Based on estimates for the next years, VEI will show a small growth in Earnings Per Share. The EPS will grow by 6.89% on average per year.
Based on estimates for the next years, VEI will show a small growth in Revenue. The Revenue will grow by 4.20% on average per year.
EPS Next Y8.59%
EPS Next 2Y8.76%
EPS Next 3Y6.89%
EPS Next 5YN/A
Revenue Next Year4.2%
Revenue Next 2Y4.99%
Revenue Next 3Y4.2%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same 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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 17.23, which indicates a rather expensive current valuation of VEI.
Based on the Price/Earnings ratio, VEI is valued a bit more expensive than the industry average as 60.87% of the companies are valued more cheaply.
VEI is valuated rather cheaply when we compare the Price/Earnings ratio to 26.06, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 14.62, VEI is valued correctly.
63.04% of the companies in the same industry are cheaper than VEI, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 32.73, VEI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.23 | ||
| Fwd PE | 14.62 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of VEI is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, VEI is valued a bit cheaper than the industry average as 60.87% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.22 | ||
| EV/EBITDA | 7.63 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
VEI has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.01
PEG (5Y)2.68
EPS Next 2Y8.76%
EPS Next 3Y6.89%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.56%, VEI is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.84, VEI pays a better dividend. On top of this VEI pays more dividend than 93.48% of the companies listed in the same industry.
VEI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.56% |
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
95.74% of the earnings are spent on dividend by VEI. This is not a sustainable payout ratio.
VEI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP95.74%
EPS Next 2Y8.76%
EPS Next 3Y6.89%
OSL:VEI (11/7/2025, 7:00:00 PM)
160.2
-1.8 (-1.11%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners41.48%
Inst Owner ChangeN/A
Ins Owners0.13%
Ins Owner ChangeN/A
Market Cap21.62B
Revenue(TTM)41.51B
Net Income(TTM)1.27B
Analysts46
Price Target169.07 (5.54%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.56% |
Yearly Dividend7.9
Dividend Growth(5Y)9.66%
DP95.74%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-542.36%
Min EPS beat(2)-1087.88%
Max EPS beat(2)3.16%
EPS beat(4)2
Avg EPS beat(4)-269.87%
Min EPS beat(4)-1087.88%
Max EPS beat(4)5.79%
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)1
Avg Revenue beat(2)-2%
Min Revenue beat(2)-4.59%
Max Revenue beat(2)0.6%
Revenue beat(4)1
Avg Revenue beat(4)-2.27%
Min Revenue beat(4)-4.81%
Max Revenue beat(4)0.6%
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)4.08%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.45%
EPS NY rev (1m)0.5%
EPS NY rev (3m)1.25%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.86%
Revenue NY rev (1m)0.18%
Revenue NY rev (3m)1.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.23 | ||
| Fwd PE | 14.62 | ||
| P/S | 0.52 | ||
| P/FCF | 11.22 | ||
| P/OCF | 8.67 | ||
| P/B | 8.75 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7.63 |
EPS(TTM)9.3
EY5.81%
EPS(NY)10.96
Fwd EY6.84%
FCF(TTM)14.28
FCFY8.91%
OCF(TTM)18.48
OCFY11.54%
SpS307.56
BVpS18.31
TBVpS-0.8
PEG (NY)2.01
PEG (5Y)2.68
Graham Number61.9
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.94% | ||
| ROE | 51.36% | ||
| ROCE | 29.35% | ||
| ROIC | 23.49% | ||
| ROICexc | 31.14% | ||
| ROICexgc | 89.22% | ||
| OM | 3.71% | ||
| PM (TTM) | 3.06% | ||
| GM | 38.09% | ||
| FCFM | 4.64% |
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%
ROICexgc growth 3YN/A
ROICexgc 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 Turnover2.27
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | 0.2 | ||
| Debt/EBITDA | 0.13 | ||
| Cap/Depr | 50.4% | ||
| Cap/Sales | 1.37% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 93.51% | ||
| Profit Quality | 151.85% | ||
| Current Ratio | 0.76 | ||
| Quick Ratio | 0.69 | ||
| Altman-Z | 3.23 |
F-Score5
WACC8.32%
ROIC/WACC2.82
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)-4.31%
EPS 3Y9.54%
EPS 5Y6.43%
EPS Q2Q%7.41%
EPS Next Y8.59%
EPS Next 2Y8.76%
EPS Next 3Y6.89%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.97%
Revenue growth 3Y3.13%
Revenue growth 5Y2.43%
Sales Q2Q%5.07%
Revenue Next Year4.2%
Revenue Next 2Y4.99%
Revenue Next 3Y4.2%
Revenue Next 5YN/A
EBIT growth 1Y-4.7%
EBIT growth 3Y1.29%
EBIT growth 5Y17.1%
EBIT Next Year79.21%
EBIT Next 3Y25.32%
EBIT Next 5YN/A
FCF growth 1Y95.83%
FCF growth 3Y3.8%
FCF growth 5Y17.06%
OCF growth 1Y32.66%
OCF growth 3Y0.47%
OCF growth 5Y9.79%
VEIDEKKE ASA / VEI.OL FAQ
Can you provide the ChartMill fundamental rating for VEIDEKKE ASA?
ChartMill assigns a fundamental rating of 5 / 10 to VEI.OL.
What is the valuation status of VEIDEKKE ASA (VEI.OL) stock?
ChartMill assigns a valuation rating of 3 / 10 to VEIDEKKE ASA (VEI.OL). This can be considered as Overvalued.
How profitable is VEIDEKKE ASA (VEI.OL) stock?
VEIDEKKE ASA (VEI.OL) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for VEI stock?
The Price/Earnings (PE) ratio for VEIDEKKE ASA (VEI.OL) is 17.23 and the Price/Book (PB) ratio is 8.75.
How financially healthy is VEIDEKKE ASA?
The financial health rating of VEIDEKKE ASA (VEI.OL) is 5 / 10.