VEIDEKKE ASA (VEI.OL) Stock Fundamental Analysis
Europe - OSL:VEI - NO0005806802 - Common Stock
157 NOK
-1.8 (-1.13%)
VEI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 43 industry peers in the Construction & Engineering industry. While VEI has a great profitability rating, there are some minor concerns on its financial health. VEI is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year VEI was profitable.
In the past year VEI had a positive cash flow from operations.
In the past 5 years VEI has always been profitable.
VEI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
VEI has a better Return On Assets (6.94%) than 74.42% of its industry peers.
VEI has a better Return On Equity (51.36%) than 88.37% of its industry peers.
VEI has a better Return On Invested Capital (23.49%) than 90.70% 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 11.69%.
The last Return On Invested Capital (23.49%) for VEI is above the 3 year average (20.02%), which is a sign of increasing profitability.
| 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
The Profit Margin of VEI (3.06%) is worse than 62.79% of its industry peers.
In the last couple of years the Profit Margin of VEI has grown nicely.
VEI's Operating Margin of 3.71% is on the low side compared to the rest of the industry. VEI is outperformed by 74.42% of its industry peers.
In the last couple of years the Operating Margin of VEI has grown nicely.
VEI's Gross Margin of 38.09% is in line compared to the rest of the industry. VEI outperforms 48.84% of its industry peers.
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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so VEI is creating value.
Compared to 1 year ago, VEI has about the same amount of shares outstanding.
VEI has about the same amout of shares outstanding than it did 5 years ago.
VEI has a worse debt/assets ratio than last year.
2.2 Solvency
VEI has an Altman-Z score of 3.22. This indicates that VEI is financially healthy and has little risk of bankruptcy at the moment.
VEI has a better Altman-Z score (3.22) than 83.72% 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.
VEI has a better Debt to FCF ratio (0.20) than 97.67% of its industry peers.
VEI has a Debt/Equity ratio of 0.14. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.14, VEI is in the better half of the industry, outperforming 79.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | 0.2 | ||
| Altman-Z | 3.22 |
ROIC/WACC2.84
WACC8.26%
2.3 Liquidity
VEI has a Current Ratio of 0.76. This is a bad value and indicates that VEI is not financially healthy enough and could expect problems in meeting its short term obligations.
VEI has a worse Current ratio (0.76) than 93.02% of its industry peers.
A Quick Ratio of 0.69 indicates that VEI may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.69, VEI is doing worse than 86.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.76 | ||
| Quick Ratio | 0.69 |
3. Growth
3.1 Past
The earnings per share for VEI have decreased by -4.31% in the last year.
The Earnings Per Share has been growing slightly by 6.43% on average over the past years.
VEI shows a decrease in Revenue. In the last year, the revenue decreased by -2.97%.
Measured over the past years, VEI shows a small growth in Revenue. The Revenue has been growing by 2.43% on average per year.
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 6.22% on average per year.
VEI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.05% yearly.
EPS Next Y8.04%
EPS Next 2Y8.01%
EPS Next 3Y6.22%
EPS Next 5YN/A
Revenue Next Year4.01%
Revenue Next 2Y4.89%
Revenue Next 3Y4.05%
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 stable.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 16.88, which indicates a correct valuation of VEI.
VEI's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.02, VEI is valued a bit cheaper.
The Price/Forward Earnings ratio is 14.53, which indicates a correct valuation of VEI.
VEI's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. VEI is more expensive than 65.12% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.57, VEI is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.88 | ||
| Fwd PE | 14.53 |
4.2 Price Multiples
VEI's Enterprise Value to EBITDA is on the same level as the industry average.
60.47% 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 | 11 | ||
| EV/EBITDA | 7.56 |
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)2.1
PEG (5Y)2.63
EPS Next 2Y8.01%
EPS Next 3Y6.22%
5. Dividend
5.1 Amount
VEI has a Yearly Dividend Yield of 5.71%, which is a nice return.
Compared to an average industry Dividend Yield of 3.45, VEI pays a better dividend. On top of this VEI pays more dividend than 95.35% 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 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.71% |
5.2 History
On average, the dividend of VEI grows each year by 9.66%, which is quite nice.
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 2Y8.01%
EPS Next 3Y6.22%
OSL:VEI (10/13/2025, 4:19:48 PM)
157
-1.8 (-1.13%)
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 Cap21.19B
Analysts46
Price Target169.07 (7.69%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.71% |
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)2.31%
PT rev (3m)7.11%
EPS NQ rev (1m)-0.45%
EPS NQ rev (3m)-2.56%
EPS NY rev (1m)0%
EPS NY rev (3m)0.74%
Revenue NQ rev (1m)0.86%
Revenue NQ rev (3m)1.4%
Revenue NY rev (1m)0.63%
Revenue NY rev (3m)0.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.88 | ||
| Fwd PE | 14.53 | ||
| P/S | 0.51 | ||
| P/FCF | 11 | ||
| P/OCF | 8.5 | ||
| P/B | 8.57 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7.56 |
EPS(TTM)9.3
EY5.92%
EPS(NY)10.8
Fwd EY6.88%
FCF(TTM)14.28
FCFY9.09%
OCF(TTM)18.48
OCFY11.77%
SpS307.56
BVpS18.31
TBVpS-0.8
PEG (NY)2.1
PEG (5Y)2.63
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%
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 Turnover2.27
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 | 3.22 |
F-Score5
WACC8.26%
ROIC/WACC2.84
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 Y8.04%
EPS Next 2Y8.01%
EPS Next 3Y6.22%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.97%
Revenue growth 3Y3.13%
Revenue growth 5Y2.43%
Sales Q2Q%5.07%
Revenue Next Year4.01%
Revenue Next 2Y4.89%
Revenue Next 3Y4.05%
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%