VSE CORP (VSEC) Fundamental Analysis & Valuation

NASDAQ:VSEC • US9182841000

Current stock price

219.335 USD
-5.3 (-2.36%)
Last:

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

4

1. VSEC Profitability Analysis

1.1 Basic Checks

  • VSEC had positive earnings in the past year.
  • VSEC had a positive operating cash flow in the past year.
  • In the past 5 years VSEC has always been profitable.
  • The reported operating cash flow has been mixed in the past 5 years: VSEC reported negative operating cash flow in multiple years.
VSEC Yearly Net Income VS EBIT VS OCF VS FCFVSEC 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 50M -50M

1.2 Ratios

  • VSEC has a worse Return On Assets (0.58%) than 60.00% of its industry peers.
  • The Return On Equity of VSEC (0.81%) is comparable to the rest of the industry.
  • VSEC's Return On Invested Capital of 4.23% is in line compared to the rest of the industry. VSEC outperforms 45.00% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for VSEC is significantly below the industry average of 9.30%.
  • The 3 year average ROIC (4.18%) for VSEC is below the current ROIC(4.23%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 0.58%
ROE 0.81%
ROIC 4.23%
ROA(3y)1.45%
ROA(5y)1.61%
ROE(3y)2.9%
ROE(5y)3.38%
ROIC(3y)4.18%
ROIC(5y)4.13%
VSEC Yearly ROA, ROE, ROICVSEC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10

1.3 Margins

  • With a Profit Margin value of 1.05%, VSEC is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
  • VSEC's Profit Margin has declined in the last couple of years.
  • The Operating Margin of VSEC (8.57%) is comparable to the rest of the industry.
  • VSEC's Operating Margin has been stable in the last couple of years.
  • VSEC has a worse Gross Margin (14.22%) than 77.50% of its industry peers.
  • In the last couple of years the Gross Margin of VSEC has grown nicely.
Industry RankSector Rank
OM 8.57%
PM (TTM) 1.05%
GM 14.22%
OM growth 3Y13.46%
OM growth 5Y0.68%
PM growth 3Y-29.15%
PM growth 5YN/A
GM growth 3Y20.12%
GM growth 5Y4.52%
VSEC Yearly Profit, Operating, Gross MarginsVSEC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10

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5

2. VSEC Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VSEC is destroying value.
  • VSEC has more shares outstanding than it did 1 year ago.
  • VSEC has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for VSEC has been reduced compared to a year ago.
VSEC Yearly Shares OutstandingVSEC Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M
VSEC Yearly Total Debt VS Total AssetsVSEC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

2.2 Solvency

  • An Altman-Z score of 7.78 indicates that VSEC is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of VSEC (7.78) is better than 75.00% of its industry peers.
  • The Debt to FCF ratio of VSEC is 51.29, which is on the high side as it means it would take VSEC, 51.29 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of VSEC (51.29) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 0.20 indicates that VSEC is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.20, VSEC is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 51.29
Altman-Z 7.78
ROIC/WACC0.41
WACC10.23%
VSEC Yearly LT Debt VS Equity VS FCFVSEC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B

2.3 Liquidity

  • VSEC has a Current Ratio of 3.76. This indicates that VSEC is financially healthy and has no problem in meeting its short term obligations.
  • VSEC has a better Current ratio (3.76) than 67.50% of its industry peers.
  • VSEC has a Quick Ratio of 1.43. This is a normal value and indicates that VSEC is financially healthy and should not expect problems in meeting its short term obligations.
  • VSEC's Quick ratio of 1.43 is in line compared to the rest of the industry. VSEC outperforms 43.75% of its industry peers.
Industry RankSector Rank
Current Ratio 3.76
Quick Ratio 1.43
VSEC Yearly Current Assets VS Current LiabilitesVSEC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. VSEC Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 25.00% over the past year.
  • Measured over the past years, VSEC shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.25% on average per year.
  • VSEC shows a small growth in Revenue. In the last year, the Revenue has grown by 2.98%.
  • Measured over the past years, VSEC shows a quite strong growth in Revenue. The Revenue has been growing by 10.95% on average per year.
EPS 1Y (TTM)25%
EPS 3Y10.25%
EPS 5YN/A
EPS Q2Q%28.89%
Revenue 1Y (TTM)2.98%
Revenue growth 3Y5.4%
Revenue growth 5Y10.95%
Sales Q2Q%0.72%

3.2 Future

  • The Earnings Per Share is expected to grow by 7.94% on average over the next years.
  • The Revenue is expected to grow by 20.89% on average over the next years. This is a very strong growth
EPS Next Y7.81%
EPS Next 2Y13.18%
EPS Next 3Y16.57%
EPS Next 5Y7.94%
Revenue Next Year31.02%
Revenue Next 2Y26.13%
Revenue Next 3Y21.05%
Revenue Next 5Y20.89%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less 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.
VSEC Yearly Revenue VS EstimatesVSEC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 500M 1B 1.5B 2B 2.5B
VSEC Yearly EPS VS EstimatesVSEC Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6

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2

4. VSEC Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 56.24 indicates a quite expensive valuation of VSEC.
  • VSEC's Price/Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 27.38, VSEC is valued quite expensively.
  • The Price/Forward Earnings ratio is 52.17, which means the current valuation is very expensive for VSEC.
  • The rest of the industry has a similar Price/Forward Earnings ratio as VSEC.
  • When comparing the Price/Forward Earnings ratio of VSEC to the average of the S&P500 Index (38.20), we can say VSEC is valued slightly more expensively.
Industry RankSector Rank
PE 56.24
Fwd PE 52.17
VSEC Price Earnings VS Forward Price EarningsVSEC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as VSEC.
  • VSEC's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 1078.04
EV/EBITDA 48.27
VSEC Per share dataVSEC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • VSEC's earnings are expected to grow with 16.57% in the coming years. This may justify a more expensive valuation.
PEG (NY)7.2
PEG (5Y)N/A
EPS Next 2Y13.18%
EPS Next 3Y16.57%

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

5

5. VSEC Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.18%, VSEC is not a good candidate for dividend investing.
  • VSEC's Dividend Yield is a higher than the industry average which is at 0.35.
  • Compared to an average S&P500 Dividend Yield of 1.82, VSEC's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.18%

5.2 History

  • The dividend of VSEC has a limited annual growth rate of 0.90%.
  • VSEC has been paying a dividend for at least 10 years, so it has a reliable track record.
  • VSEC has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.9%
Div Incr Years0
Div Non Decr Years34
VSEC Yearly Dividends per shareVSEC Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 0 0 0 0

5.3 Sustainability

  • 70.61% of the earnings are spent on dividend by VSEC. This is not a sustainable payout ratio.
  • VSEC's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP70.61%
EPS Next 2Y13.18%
EPS Next 3Y16.57%
VSEC Yearly Income VS Free CF VS DividendVSEC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M -20M 40M -40M
VSEC Dividend Payout.VSEC Dividend Payout, showing the Payout Ratio.VSEC Dividend Payout.PayoutRetained Earnings

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VSEC Fundamentals: All Metrics, Ratios and Statistics

VSE CORP

NASDAQ:VSEC (4/16/2026, 2:03:07 PM)

219.335

-5.3 (-2.36%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)02-25
Earnings (Next)04-29
Inst Owners100.78%
Inst Owner Change-0.01%
Ins Owners1.77%
Ins Owner Change1.86%
Market Cap6.15B
Revenue(TTM)1.11B
Net Income(TTM)11.70M
Analysts86.67
Price Target245.64 (11.99%)
Short Float %12.11%
Short Ratio4.11
Dividend
Industry RankSector Rank
Dividend Yield 0.18%
Yearly Dividend0.38
Dividend Growth(5Y)0.9%
DP70.61%
Div Incr Years0
Div Non Decr Years34
Ex-Date04-15
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)21.48%
Min EPS beat(2)15.55%
Max EPS beat(2)27.42%
EPS beat(4)4
Avg EPS beat(4)27.38%
Min EPS beat(4)15.55%
Max EPS beat(4)33.94%
EPS beat(8)7
Avg EPS beat(8)20.4%
EPS beat(12)11
Avg EPS beat(12)20.43%
EPS beat(16)14
Avg EPS beat(16)18.24%
Revenue beat(2)2
Avg Revenue beat(2)1.14%
Min Revenue beat(2)0.3%
Max Revenue beat(2)1.98%
Revenue beat(4)4
Avg Revenue beat(4)1.32%
Min Revenue beat(4)0.3%
Max Revenue beat(4)1.98%
Revenue beat(8)6
Avg Revenue beat(8)1.08%
Revenue beat(12)7
Avg Revenue beat(12)-1.32%
Revenue beat(16)9
Avg Revenue beat(16)-1.91%
PT rev (1m)4.84%
PT rev (3m)16.05%
EPS NQ rev (1m)-1.56%
EPS NQ rev (3m)-2.22%
EPS NY rev (1m)0.23%
EPS NY rev (3m)-3.37%
Revenue NQ rev (1m)1.43%
Revenue NQ rev (3m)3.9%
Revenue NY rev (1m)4.78%
Revenue NY rev (3m)14.66%
Valuation
Industry RankSector Rank
PE 56.24
Fwd PE 52.17
P/S 5.53
P/FCF 1078.04
P/OCF 228.03
P/B 4.28
P/tB 12.27
EV/EBITDA 48.27
EPS(TTM)3.9
EY1.78%
EPS(NY)4.2
Fwd EY1.92%
FCF(TTM)0.2
FCFY0.09%
OCF(TTM)0.96
OCFY0.44%
SpS39.64
BVpS51.28
TBVpS17.88
PEG (NY)7.2
PEG (5Y)N/A
Graham Number67.0782 (-69.42%)
Profitability
Industry RankSector Rank
ROA 0.58%
ROE 0.81%
ROCE 5.32%
ROIC 4.23%
ROICexc 4.4%
ROICexgc 9.66%
OM 8.57%
PM (TTM) 1.05%
GM 14.22%
FCFM 0.51%
ROA(3y)1.45%
ROA(5y)1.61%
ROE(3y)2.9%
ROE(5y)3.38%
ROIC(3y)4.18%
ROIC(5y)4.13%
ROICexc(3y)4.27%
ROICexc(5y)4.19%
ROICexgc(3y)8.46%
ROICexgc(5y)8.05%
ROCE(3y)5.26%
ROCE(5y)5.2%
ROICexgc growth 3Y-1.73%
ROICexgc growth 5Y-7.91%
ROICexc growth 3Y-8.36%
ROICexc growth 5Y-8.35%
OM growth 3Y13.46%
OM growth 5Y0.68%
PM growth 3Y-29.15%
PM growth 5YN/A
GM growth 3Y20.12%
GM growth 5Y4.52%
F-Score6
Asset Turnover0.55
Health
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 51.29
Debt/EBITDA 2.11
Cap/Depr 53.3%
Cap/Sales 1.91%
Interest Coverage 3.55
Cash Conversion 19.96%
Profit Quality 48.78%
Current Ratio 3.76
Quick Ratio 1.43
Altman-Z 7.78
F-Score6
WACC10.23%
ROIC/WACC0.41
Cap/Depr(3y)68.33%
Cap/Depr(5y)57.99%
Cap/Sales(3y)2.66%
Cap/Sales(5y)2.11%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)25%
EPS 3Y10.25%
EPS 5YN/A
EPS Q2Q%28.89%
EPS Next Y7.81%
EPS Next 2Y13.18%
EPS Next 3Y16.57%
EPS Next 5Y7.94%
Revenue 1Y (TTM)2.98%
Revenue growth 3Y5.4%
Revenue growth 5Y10.95%
Sales Q2Q%0.72%
Revenue Next Year31.02%
Revenue Next 2Y26.13%
Revenue Next 3Y21.05%
Revenue Next 5Y20.89%
EBIT growth 1Y-2.78%
EBIT growth 3Y19.59%
EBIT growth 5Y11.7%
EBIT Next Year195.49%
EBIT Next 3Y60.6%
EBIT Next 5Y36.69%
FCF growth 1Y111.03%
FCF growth 3YN/A
FCF growth 5Y-28.86%
OCF growth 1Y186.96%
OCF growth 3Y49.67%
OCF growth 5Y-5.47%

VSE CORP / VSEC Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for VSE CORP?

ChartMill assigns a fundamental rating of 5 / 10 to VSEC.


What is the valuation status for VSEC stock?

ChartMill assigns a valuation rating of 2 / 10 to VSE CORP (VSEC). This can be considered as Overvalued.


Can you provide the profitability details for VSE CORP?

VSE CORP (VSEC) has a profitability rating of 4 / 10.


How financially healthy is VSE CORP?

The financial health rating of VSE CORP (VSEC) is 5 / 10.


Can you provide the expected EPS growth for VSEC stock?

The Earnings per Share (EPS) of VSE CORP (VSEC) is expected to grow by 7.81% in the next year.