VEIDEKKE ASA (VEI.OL) Stock Fundamental Analysis
OSL:VEI - Euronext Oslo - NO0005806802 - Common Stock - Currency: NOK
Overall VEI gets a fundamental rating of 5 out of 10. We evaluated VEI against 43 industry peers in the Construction & Engineering industry. VEI has an excellent profitability rating, but there are some minor concerns on its financial health. VEI does not seem to be growing, but still is valued expensively. Finally VEI also has an excellent dividend rating. These ratings could make VEI a good candidate for dividend investing.
1. Profitability
1.1 Basic Checks
VEI had positive earnings in the past year.
VEI had a positive operating cash flow in the past year.
In the past 5 years VEI has always been profitable.
Each year in the past 5 years VEI had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 6.71%, VEI is in the better half of the industry, outperforming 76.74% of the companies in the same industry.
VEI has a better Return On Equity (38.18%) than 83.72% of its industry peers.
The Return On Invested Capital of VEI (19.71%) is better than 90.70% of its industry peers.
The Average Return On Invested Capital over the past 3 years for VEI is significantly above the industry average of 10.72%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.71% | ||
| ROE | 38.18% | ||
| ROIC | 19.71% |
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
With a Profit Margin value of 3.05%, VEI perfoms like the industry average, outperforming 51.16% of the companies in the same industry.
In the last couple of years the Profit Margin of VEI has grown nicely.
Looking at the Operating Margin, with a value of 3.66%, VEI is in line with its industry, outperforming 41.86% of the companies in the same industry.
VEI's Operating Margin has improved in the last couple of years.
VEI has a Gross Margin (38.18%) 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 | 3.66% | ||
| PM (TTM) | 3.05% | ||
| GM | 38.18% |
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.
The number of shares outstanding for VEI remains at a similar level compared to 1 year ago.
Compared to 5 years ago, VEI has about the same amount of shares outstanding.
The debt/assets ratio for VEI is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.37 indicates that VEI is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 3.37, VEI belongs to the best of the industry, outperforming 81.40% of the companies in the same industry.
The Debt to FCF ratio of VEI is 0.42, which is an excellent value as it means it would take VEI, only 0.42 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of VEI (0.42) is better than 100.00% of its industry peers.
VEI has a Debt/Equity ratio of 0.12. This is a healthy value indicating a solid balance between debt and equity.
With an excellent Debt to Equity ratio value of 0.12, VEI belongs to the best of the industry, outperforming 83.72% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.12 | ||
| Debt/FCF | 0.42 | ||
| Altman-Z | 3.37 |
ROIC/WACC2.35
WACC8.4%
2.3 Liquidity
VEI has a Current Ratio of 0.82. This is a bad value and indicates that VEI is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.82, VEI is not doing good in the industry: 88.37% of the companies in the same industry are doing better.
VEI has a Quick Ratio of 0.82. 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 Quick ratio of 0.75. This is amonst the worse of the industry: VEI underperforms 83.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.75 |
3. Growth
3.1 Past
The earnings per share for VEI have decreased by -4.75% in the last year.
Measured over the past years, VEI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 14.58% on average per year.
Looking at the last year, VEI shows a decrease in Revenue. The Revenue has decreased by -4.04% in the last year.
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%-8.57%
Revenue 1Y (TTM)-4.04%
Revenue growth 3Y4.12%
Revenue growth 5Y4.85%
Sales Q2Q%-5.32%
3.2 Future
VEI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.90% yearly.
Based on estimates for the next years, VEI will show a small growth in Revenue. The Revenue will grow by 1.45% on average per year.
EPS Next Y17.24%
EPS Next 2Y12.13%
EPS Next 3Y10.26%
EPS Next 5Y7.9%
Revenue Next Year-2.21%
Revenue Next 2Y0.4%
Revenue Next 3Y1.65%
Revenue Next 5Y1.45%
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 decreasing.
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
Based on the Price/Earnings ratio of 20.35, the valuation of VEI can be described as rather expensive.
Compared to the rest of the industry, the Price/Earnings ratio of VEI indicates a slightly more expensive valuation: VEI is more expensive than 65.12% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 24.29. VEI is around the same levels.
With a Price/Forward Earnings ratio of 16.19, VEI is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of VEI indicates a slightly more expensive valuation: VEI is more expensive than 62.79% of the companies listed in the same industry.
VEI's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 20.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.35 | ||
| Fwd PE | 16.19 |
4.2 Price Multiples
VEI's Enterprise Value to EBITDA is on the same level as the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as VEI.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.18 | ||
| EV/EBITDA | 7.17 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of VEI may justify a higher PE ratio.
PEG (NY)1.18
PEG (5Y)1.4
EPS Next 2Y12.13%
EPS Next 3Y10.26%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.75%, VEI is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.58, VEI pays a better dividend. On top of this VEI pays more dividend than 97.67% 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 2.43.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.75% |
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
84.47% of the earnings are spent on dividend by VEI. This is not a sustainable payout ratio.
The dividend of VEI is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP84.47%
EPS Next 2Y12.13%
EPS Next 3Y10.26%
OSL:VEI (5/7/2025, 4:19:49 PM)
160.8
0 (0%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners43.8%
Inst Owner ChangeN/A
Ins Owners0.55%
Ins Owner ChangeN/A
Market Cap21.70B
Analysts72.5
Price Target161.93 (0.7%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.75% |
Yearly Dividend7.9
Dividend Growth(5Y)9.66%
DP84.47%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.62%
Min EPS beat(2)-0.55%
Max EPS beat(2)5.79%
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)0
Avg Revenue beat(2)-2.53%
Min Revenue beat(2)-4.81%
Max Revenue beat(2)-0.25%
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)7.99%
EPS NQ rev (1m)79.16%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.31%
EPS NY rev (3m)2.2%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.17%
Revenue NY rev (3m)-0.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.35 | ||
| Fwd PE | 16.19 | ||
| P/S | 0.52 | ||
| P/FCF | 14.18 | ||
| P/OCF | 9.75 | ||
| P/B | 6.57 | ||
| P/tB | 29.57 | ||
| EV/EBITDA | 7.17 |
EPS(TTM)7.9
EY4.91%
EPS(NY)9.93
Fwd EY6.18%
FCF(TTM)11.34
FCFY7.05%
OCF(TTM)16.49
OCFY10.25%
SpS306.78
BVpS24.49
TBVpS5.44
PEG (NY)1.18
PEG (5Y)1.4
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.71% | ||
| ROE | 38.18% | ||
| ROCE | 24.63% | ||
| ROIC | 19.71% | ||
| ROICexc | 37.92% | ||
| ROICexgc | 192.69% | ||
| OM | 3.66% | ||
| PM (TTM) | 3.05% | ||
| GM | 38.18% | ||
| FCFM | 3.7% |
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-Score6
Asset Turnover2.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.12 | ||
| Debt/FCF | 0.42 | ||
| Debt/EBITDA | 0.16 | ||
| Cap/Depr | 62.84% | ||
| Cap/Sales | 1.68% | ||
| Interest Coverage | 18.96 | ||
| Cash Conversion | 84.83% | ||
| Profit Quality | 121.24% | ||
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.75 | ||
| Altman-Z | 3.37 |
F-Score6
WACC8.4%
ROIC/WACC2.35
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%-8.57%
EPS Next Y17.24%
EPS Next 2Y12.13%
EPS Next 3Y10.26%
EPS Next 5Y7.9%
Revenue 1Y (TTM)-4.04%
Revenue growth 3Y4.12%
Revenue growth 5Y4.85%
Sales Q2Q%-5.32%
Revenue Next Year-2.21%
Revenue Next 2Y0.4%
Revenue Next 3Y1.65%
Revenue Next 5Y1.45%
EBIT growth 1Y9.53%
EBIT growth 3Y1.29%
EBIT growth 5Y17.1%
EBIT Next Year79.02%
EBIT Next 3Y24.09%
EBIT Next 5YN/A
FCF growth 1Y-26.97%
FCF growth 3Y3.8%
FCF growth 5Y17.06%
OCF growth 1Y-24.29%
OCF growth 3Y0.47%
OCF growth 5Y9.79%