VEIDEKKE ASA (VEI.OL) Fundamental Analysis & Valuation

OSL:VEI • NO0005806802

Current stock price

185.2 NOK
+1.4 (+0.76%)
Last:

This VEI.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. VEI.OL Profitability Analysis

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.
  • In the past 5 years VEI always reported a positive cash flow from operatings.
VEI.OL Yearly Net Income VS EBIT VS OCF VS FCFVEI.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B 4B 5B

1.2 Ratios

  • The Return On Assets of VEI (7.90%) is better than 88.64% of its industry peers.
  • With an excellent Return On Equity value of 42.20%, VEI belongs to the best of the industry, outperforming 93.18% of the companies in the same industry.
  • With an excellent Return On Invested Capital value of 24.89%, VEI belongs to the best of the industry, outperforming 95.45% of the companies in the same industry.
  • VEI had an Average Return On Invested Capital over the past 3 years of 20.39%. This is significantly above the industry average of 11.21%.
  • The 3 year average ROIC (20.39%) for VEI is below the current ROIC(24.89%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 7.9%
ROE 42.2%
ROIC 24.89%
ROA(3y)6.83%
ROA(5y)6.44%
ROE(3y)38.46%
ROE(5y)37.15%
ROIC(3y)20.39%
ROIC(5y)20.26%
VEI.OL Yearly ROA, ROE, ROICVEI.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

1.3 Margins

  • The Profit Margin of VEI (3.60%) is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of VEI has declined.
  • VEI has a worse Operating Margin (4.58%) than 68.18% of its industry peers.
  • VEI's Operating Margin has improved in the last couple of years.
  • With a Gross Margin value of 37.51%, VEI perfoms like the industry average, outperforming 40.91% of the companies in the same industry.
  • VEI's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 4.58%
PM (TTM) 3.6%
GM 37.51%
OM growth 3Y4.31%
OM growth 5Y6.65%
PM growth 3Y8.5%
PM growth 5Y-8.18%
GM growth 3Y0.72%
GM growth 5Y1.27%
VEI.OL Yearly Profit, Operating, Gross MarginsVEI.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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6

2. VEI.OL Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), VEI is creating value.
  • The number of shares outstanding for VEI remains at a similar level compared to 1 year ago.
  • The number of shares outstanding for VEI remains at a similar level compared to 5 years ago.
  • VEI has a better debt/assets ratio than last year.
VEI.OL Yearly Shares OutstandingVEI.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
VEI.OL Yearly Total Debt VS Total AssetsVEI.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

2.2 Solvency

  • An Altman-Z score of 3.56 indicates that VEI is not in any danger for bankruptcy at the moment.
  • VEI has a better Altman-Z score (3.56) than 90.91% of its industry peers.
  • VEI has a debt to FCF ratio of 0.10. This is a very positive value and a sign of high solvency as it would only need 0.10 years to pay back of all of its debts.
  • The Debt to FCF ratio of VEI (0.10) is better than 100.00% of its industry peers.
  • A Debt/Equity ratio of 0.04 indicates that VEI is not too dependend on debt financing.
  • VEI has a Debt to Equity ratio of 0.04. This is amongst the best in the industry. VEI outperforms 95.45% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF 0.1
Altman-Z 3.56
ROIC/WACC2.98
WACC8.34%
VEI.OL Yearly LT Debt VS Equity VS FCFVEI.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B 4B

2.3 Liquidity

  • VEI has a Current Ratio of 0.84. 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 Current ratio of 0.84. This is amonst the worse of the industry: VEI underperforms 93.18% of its industry peers.
  • A Quick Ratio of 0.78 indicates that VEI may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.78, VEI is doing worse than 90.91% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.84
Quick Ratio 0.78
VEI.OL Yearly Current Assets VS Current LiabilitesVEI.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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5

3. VEI.OL Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 22.64% over the past year.
  • The Earnings Per Share has been decreasing by -6.08% on average over the past years.
  • The Revenue has been growing slightly by 4.20% in the past year.
  • The Revenue has been growing slightly by 2.45% on average over the past years.
EPS 1Y (TTM)22.64%
EPS 3Y11.19%
EPS 5Y-6.08%
EPS Q2Q%46.88%
Revenue 1Y (TTM)4.2%
Revenue growth 3Y3.65%
Revenue growth 5Y2.45%
Sales Q2Q%5.53%

3.2 Future

  • VEI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.34% yearly.
  • Based on estimates for the next years, VEI will show a small growth in Revenue. The Revenue will grow by 4.92% on average per year.
EPS Next Y4.39%
EPS Next 2Y4.45%
EPS Next 3Y4.34%
EPS Next 5YN/A
Revenue Next Year6.33%
Revenue Next 2Y5.54%
Revenue Next 3Y4.92%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
VEI.OL Yearly Revenue VS EstimatesVEI.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 10B 20B 30B 40B 50B
VEI.OL Yearly EPS VS EstimatesVEI.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5 10 15

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4

4. VEI.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 16.25, VEI is valued correctly.
  • The rest of the industry has a similar Price/Earnings ratio as VEI.
  • VEI's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.42.
  • The Price/Forward Earnings ratio is 15.56, which indicates a correct valuation of VEI.
  • 65.91% of the companies in the same industry are cheaper than VEI, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 22.24. VEI is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 16.25
Fwd PE 15.56
VEI.OL Price Earnings VS Forward Price EarningsVEI.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • VEI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. VEI is cheaper than 70.45% of the companies in the same industry.
  • 70.45% of the companies in the same industry are more expensive than VEI, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 9.31
EV/EBITDA 6.42
VEI.OL Per share dataVEI.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 100 200 300

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • The decent profitability rating of VEI may justify a higher PE ratio.
PEG (NY)3.7
PEG (5Y)N/A
EPS Next 2Y4.45%
EPS Next 3Y4.34%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. VEI.OL Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 6.12%, VEI is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 2.49, VEI pays a better dividend. On top of this VEI pays more dividend than 93.18% 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 1.81.
Industry RankSector Rank
Dividend Yield 6.12%

5.2 History

  • The dividend of VEI decreases each year by -16.74%.
Dividend Growth(5Y)-16.74%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • VEI pays out 78.24% of its income as dividend. This is not a sustainable payout ratio.
DP78.24%
EPS Next 2Y4.45%
EPS Next 3Y4.34%
VEI.OL Yearly Income VS Free CF VS DividendVEI.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B 4B
VEI.OL Dividend Payout.VEI.OL Dividend Payout, showing the Payout Ratio.VEI.OL Dividend Payout.PayoutRetained Earnings

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VEI.OL Fundamentals: All Metrics, Ratios and Statistics

VEIDEKKE ASA

OSL:VEI (4/24/2026, 7:00:00 PM)

185.2

+1.4 (+0.76%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)02-12
Earnings (Next)05-07
Inst Owners35.87%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap24.99B
Revenue(TTM)43.14B
Net Income(TTM)1.55B
Analysts46
Price Target193.55 (4.51%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.12%
Yearly Dividend9
Dividend Growth(5Y)-16.74%
DP78.24%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)21.54%
Min EPS beat(2)9.1%
Max EPS beat(2)33.98%
EPS beat(4)3
Avg EPS beat(4)-260.41%
Min EPS beat(4)-1087.88%
Max EPS beat(4)33.98%
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)1.32%
Min Revenue beat(2)-0.59%
Max Revenue beat(2)3.24%
Revenue beat(4)2
Avg Revenue beat(4)-0.34%
Min Revenue beat(4)-4.59%
Max Revenue beat(4)3.24%
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)6.45%
EPS NQ rev (1m)0%
EPS NQ rev (3m)138.89%
EPS NY rev (1m)0%
EPS NY rev (3m)6.58%
Revenue NQ rev (1m)-0.42%
Revenue NQ rev (3m)-2.15%
Revenue NY rev (1m)-0.37%
Revenue NY rev (3m)0.18%
Valuation
Industry RankSector Rank
PE 16.25
Fwd PE 15.56
P/S 0.58
P/FCF 9.31
P/OCF 7.6
P/B 6.79
P/tB 23.56
EV/EBITDA 6.42
EPS(TTM)11.4
EY6.16%
EPS(NY)11.9
Fwd EY6.43%
FCF(TTM)19.9
FCFY10.75%
OCF(TTM)24.38
OCFY13.16%
SpS319.67
BVpS27.27
TBVpS7.86
PEG (NY)3.7
PEG (5Y)N/A
Graham Number83.6306 (-54.84%)
Profitability
Industry RankSector Rank
ROA 7.9%
ROE 42.2%
ROCE 31.22%
ROIC 24.89%
ROICexc 68.87%
ROICexgc N/A
OM 4.58%
PM (TTM) 3.6%
GM 37.51%
FCFM 6.23%
ROA(3y)6.83%
ROA(5y)6.44%
ROE(3y)38.46%
ROE(5y)37.15%
ROIC(3y)20.39%
ROIC(5y)20.26%
ROICexc(3y)47.33%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)25.58%
ROCE(5y)25.42%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y5.55%
ROICexc growth 5YN/A
OM growth 3Y4.31%
OM growth 5Y6.65%
PM growth 3Y8.5%
PM growth 5Y-8.18%
GM growth 3Y0.72%
GM growth 5Y1.27%
F-Score6
Asset Turnover2.2
Health
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF 0.1
Debt/EBITDA 0.05
Cap/Depr 54.66%
Cap/Sales 1.4%
Interest Coverage 25.66
Cash Conversion 106.78%
Profit Quality 172.96%
Current Ratio 0.84
Quick Ratio 0.78
Altman-Z 3.56
F-Score6
WACC8.34%
ROIC/WACC2.98
Cap/Depr(3y)66.11%
Cap/Depr(5y)80.73%
Cap/Sales(3y)1.68%
Cap/Sales(5y)2.01%
Profit Quality(3y)163.42%
Profit Quality(5y)132.57%
High Growth Momentum
Growth
EPS 1Y (TTM)22.64%
EPS 3Y11.19%
EPS 5Y-6.08%
EPS Q2Q%46.88%
EPS Next Y4.39%
EPS Next 2Y4.45%
EPS Next 3Y4.34%
EPS Next 5YN/A
Revenue 1Y (TTM)4.2%
Revenue growth 3Y3.65%
Revenue growth 5Y2.45%
Sales Q2Q%5.53%
Revenue Next Year6.33%
Revenue Next 2Y5.54%
Revenue Next 3Y4.92%
Revenue Next 5YN/A
EBIT growth 1Y30.26%
EBIT growth 3Y8.12%
EBIT growth 5Y9.27%
EBIT Next Year75.51%
EBIT Next 3Y23.77%
EBIT Next 5YN/A
FCF growth 1Y75.56%
FCF growth 3Y102.18%
FCF growth 5Y-9.99%
OCF growth 1Y47.87%
OCF growth 3Y32.67%
OCF growth 5Y-9.61%

VEIDEKKE ASA / VEI.OL Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for VEIDEKKE ASA?

ChartMill assigns a fundamental rating of 6 / 10 to VEI.OL.


Can you provide the valuation status for VEIDEKKE ASA?

ChartMill assigns a valuation rating of 4 / 10 to VEIDEKKE ASA (VEI.OL). This can be considered as Fairly Valued.


Can you provide the profitability details for VEIDEKKE ASA?

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 16.25 and the Price/Book (PB) ratio is 6.79.


What is the expected EPS growth for VEIDEKKE ASA (VEI.OL) stock?

The Earnings per Share (EPS) of VEIDEKKE ASA (VEI.OL) is expected to grow by 4.39% in the next year.