VEIDEKKE ASA (VEI.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:VEI - NO0005806802 - Common Stock
182.6 NOK
-0.2 (-0.11%)
Taking everything into account, VEI scores 5 out of 10 in our fundamental rating. VEI was compared to 43 industry peers in the Construction & Engineering industry. VEI scores excellent on profitability, but there are some minor concerns on its financial health. While showing a medium growth rate, VEI is valued expensive at the moment.
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.
- 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 (7.11%) than 74.42% of its industry peers.
- The Return On Equity of VEI (44.79%) is better than 86.05% of its industry peers.
- VEI has a better Return On Invested Capital (23.53%) 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 11.17%.
- The last Return On Invested Capital (23.53%) for VEI is above the 3 year average (20.02%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.11% | ||
| ROE | 44.79% | ||
| ROIC | 23.53% |
ROA(3y)6.25%
ROA(5y)7.26%
ROE(3y)36.63%
ROE(5y)43.49%
ROIC(3y)20.02%
ROIC(5y)18.85%
1.3 Margins
- VEI has a Profit Margin (3.18%) which is comparable to the rest of the industry.
- VEI's Profit Margin has improved in the last couple of years.
- With a Operating Margin value of 3.92%, VEI is not doing good in the industry: 69.77% of the companies in the same industry are doing better.
- In the last couple of years the Operating Margin of VEI has grown nicely.
- The Gross Margin of VEI (37.19%) 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 | 3.92% | ||
| PM (TTM) | 3.18% | ||
| GM | 37.19% |
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.
- VEI has a worse debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 3.32 indicates that VEI is not in any danger for bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 3.32, VEI belongs to the top of the industry, outperforming 88.37% of the companies in the same industry.
- The Debt to FCF ratio of VEI is 0.10, which is an excellent value as it means it would take VEI, only 0.10 years of fcf income to pay off all of its debts.
- Looking at the Debt to FCF ratio, with a value of 0.10, VEI belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
- VEI has a Debt/Equity ratio of 0.08. This is a healthy value indicating a solid balance between debt and equity.
- VEI has a Debt to Equity ratio of 0.08. This is amongst the best in the industry. VEI outperforms 88.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.1 | ||
| Altman-Z | 3.32 |
ROIC/WACC2.82
WACC8.35%
2.3 Liquidity
- A Current Ratio of 0.80 indicates that VEI may have some problems paying its short term obligations.
- VEI's Current ratio of 0.80 is on the low side compared to the rest of the industry. VEI is outperformed by 90.70% of its industry peers.
- A Quick Ratio of 0.74 indicates that VEI may have some problems paying its short term obligations.
- VEI has a Quick ratio of 0.74. This is amonst the worse of the industry: VEI underperforms 86.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.8 | ||
| Quick Ratio | 0.74 |
3. Growth
3.1 Past
- VEI shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 0.89%.
- The Earnings Per Share has been growing slightly by 6.43% on average over the past years.
- Looking at the last year, VEI shows a small growth in Revenue. The Revenue has grown by 1.09% in the last year.
- 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)0.89%
EPS 3Y9.54%
EPS 5Y6.43%
EPS Q2Q%17.65%
Revenue 1Y (TTM)1.09%
Revenue growth 3Y3.13%
Revenue growth 5Y2.43%
Sales Q2Q%10.35%
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 7.45% on average per year.
- VEI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.69% yearly.
EPS Next Y8.75%
EPS Next 2Y8.93%
EPS Next 3Y7.24%
EPS Next 5Y7.45%
Revenue Next Year3.79%
Revenue Next 2Y5.15%
Revenue Next 3Y4.65%
Revenue Next 5Y5.69%
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.
- 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
- VEI is valuated rather expensively with a Price/Earnings ratio of 18.44.
- 60.47% of the companies in the same industry are cheaper than VEI, based on the Price/Earnings ratio.
- Compared to an average S&P500 Price/Earnings ratio of 27.38, VEI is valued a bit cheaper.
- With a Price/Forward Earnings ratio of 16.62, VEI is valued correctly.
- Based on the Price/Forward Earnings ratio, VEI is valued a bit more expensive than 65.12% of the companies in the same industry.
- VEI's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.44 | ||
| Fwd PE | 16.62 |
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 60.47% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.61 | ||
| EV/EBITDA | 7.66 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates VEI does not grow enough to justify the current Price/Earnings ratio.
- VEI has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.11
PEG (5Y)2.87
EPS Next 2Y8.93%
EPS Next 3Y7.24%
5. Dividend
5.1 Amount
- VEI has a Yearly Dividend Yield of 4.92%, which is a nice return.
- Compared to an average industry Dividend Yield of 2.48, VEI pays a better dividend. On top of this VEI pays more dividend than 88.37% 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 1.85.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.92% |
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
- 90.00% 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.
DP90%
EPS Next 2Y8.93%
EPS Next 3Y7.24%
OSL:VEI (1/16/2026, 7:00:00 PM)
182.6
-0.2 (-0.11%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)11-06 2025-11-06/bmo
Earnings (Next)02-12 2026-02-12/amc
Inst Owners37.71%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap24.64B
Revenue(TTM)42.51B
Net Income(TTM)1.35B
Analysts48
Price Target181.82 (-0.43%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.92% |
Yearly Dividend7.9
Dividend Growth(5Y)9.66%
DP90%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.13%
Min EPS beat(2)3.16%
Max EPS beat(2)9.1%
EPS beat(4)3
Avg EPS beat(4)-267.46%
Min EPS beat(4)-1087.88%
Max EPS beat(4)9.1%
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)2
Avg Revenue beat(2)1.92%
Min Revenue beat(2)0.6%
Max Revenue beat(2)3.24%
Revenue beat(4)2
Avg Revenue beat(4)-0.25%
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)7.06%
PT rev (3m)7.54%
EPS NQ rev (1m)-3.68%
EPS NQ rev (3m)-4.36%
EPS NY rev (1m)0%
EPS NY rev (3m)0.66%
Revenue NQ rev (1m)1.03%
Revenue NQ rev (3m)0.07%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.44 | ||
| Fwd PE | 16.62 | ||
| P/S | 0.58 | ||
| P/FCF | 10.61 | ||
| P/OCF | 8.27 | ||
| P/B | 8.18 | ||
| P/tB | 58.68 | ||
| EV/EBITDA | 7.66 |
EPS(TTM)9.9
EY5.42%
EPS(NY)10.99
Fwd EY6.02%
FCF(TTM)17.21
FCFY9.42%
OCF(TTM)22.07
OCFY12.09%
SpS314.96
BVpS22.33
TBVpS3.11
PEG (NY)2.11
PEG (5Y)2.87
Graham Number70.53
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.11% | ||
| ROE | 44.79% | ||
| ROCE | 29.41% | ||
| ROIC | 23.53% | ||
| ROICexc | 44.54% | ||
| ROICexgc | 334.12% | ||
| OM | 3.92% | ||
| PM (TTM) | 3.18% | ||
| GM | 37.19% | ||
| FCFM | 5.46% |
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 Turnover2.24
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.1 | ||
| Debt/EBITDA | 0.08 | ||
| Cap/Depr | 56.88% | ||
| Cap/Sales | 1.55% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 105.6% | ||
| Profit Quality | 172% | ||
| Current Ratio | 0.8 | ||
| Quick Ratio | 0.74 | ||
| Altman-Z | 3.32 |
F-Score5
WACC8.35%
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)0.89%
EPS 3Y9.54%
EPS 5Y6.43%
EPS Q2Q%17.65%
EPS Next Y8.75%
EPS Next 2Y8.93%
EPS Next 3Y7.24%
EPS Next 5Y7.45%
Revenue 1Y (TTM)1.09%
Revenue growth 3Y3.13%
Revenue growth 5Y2.43%
Sales Q2Q%10.35%
Revenue Next Year3.79%
Revenue Next 2Y5.15%
Revenue Next 3Y4.65%
Revenue Next 5Y5.69%
EBIT growth 1Y3.93%
EBIT growth 3Y1.29%
EBIT growth 5Y17.1%
EBIT Next Year82.79%
EBIT Next 3Y27.3%
EBIT Next 5Y21.16%
FCF growth 1Y118.85%
FCF growth 3Y3.8%
FCF growth 5Y17.06%
OCF growth 1Y49.4%
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.
Can you provide the valuation status for VEIDEKKE ASA?
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.
What is the financial health of VEIDEKKE ASA (VEI.OL) stock?
The financial health rating of VEIDEKKE ASA (VEI.OL) is 6 / 10.
Can you provide the expected EPS growth for VEI stock?
The Earnings per Share (EPS) of VEIDEKKE ASA (VEI.OL) is expected to grow by 8.75% in the next year.