VEIDEKKE ASA (VEI.OL) Stock Fundamental Analysis
Europe - OSL:VEI - NO0005806802 - Common Stock
162.2 NOK
0 (0%)
VEI gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 41 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 is not valued too expensively and it also shows a decent growth rate.
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 Return On Assets of 6.78%. This is in the better half of the industry: VEI outperforms 78.05% of its industry peers.
Looking at the Return On Equity, with a value of 37.72%, VEI belongs to the top of the industry, outperforming 80.49% of the companies in the same industry.
The Return On Invested Capital of VEI (19.54%) is better than 87.80% 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 10.39%.
| 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.
Looking at the Operating Margin, with a value of 3.62%, VEI is doing worse than 65.85% of the companies in the same industry.
VEI's Operating Margin has improved in the last couple of years.
The Gross Margin of VEI (38.60%) 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 | 3.62% | ||
| 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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so VEI is creating value.
VEI has about the same amout of shares outstanding than it did 1 year ago.
VEI has about the same amout of shares outstanding than it did 5 years ago.
The debt/assets ratio for VEI is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.46 indicates that VEI is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.46, VEI belongs to the top of the industry, outperforming 85.37% of the companies in the same industry.
The Debt to FCF ratio of VEI is 0.18, which is an excellent value as it means it would take VEI, only 0.18 years of fcf income to pay off 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 97.56% of the companies in the same industry.
A Debt/Equity ratio of 0.11 indicates that VEI is not too dependend on debt financing.
VEI has a better Debt to Equity ratio (0.11) than 85.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 0.18 | ||
| Altman-Z | 3.46 |
ROIC/WACC2.36
WACC8.27%
2.3 Liquidity
A Current Ratio of 0.80 indicates that VEI may have some problems paying its short term obligations.
VEI has a Current ratio of 0.80. This is amonst the worse of the industry: VEI underperforms 87.80% 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.
VEI's Quick ratio of 0.73 is on the low side compared to the rest of the industry. VEI is outperformed by 78.05% 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%.
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.
VEI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.37%.
Measured over the past years, VEI shows a small growth in Revenue. The Revenue has been growing by 4.85% on average per year.
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.
The Revenue is expected to grow by 2.02% on average over the next years.
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
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 17.44, 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 60.98% of the companies are valued more cheaply.
VEI's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.38.
A Price/Forward Earnings ratio of 16.21 indicates a correct valuation of VEI.
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
63.41% of the companies in the same industry are more expensive than VEI, based on the Enterprise Value to EBITDA ratio.
63.41% 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
VEI has a Yearly Dividend Yield of 5.50%, which is a nice return.
Compared to an average industry Dividend Yield of 3.68, VEI pays a better dividend. On top of this VEI pays more dividend than 92.68% 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 2.38.
| 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.
The dividend of VEI is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP86.53%
EPS Next 2Y12.55%
EPS Next 3Y11%
OSL:VEI (9/22/2025, 2:05:05 PM)
162.2
0 (0%)
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
WACC8.27%
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%