Logo image of VSEC

VSE CORP (VSEC) Stock Fundamental Analysis

NASDAQ:VSEC - Nasdaq - US9182841000 - Common Stock - Currency: USD

133.83  +4.19 (+3.23%)

After market: 133.83 0 (0%)

Fundamental Rating

4

Taking everything into account, VSEC scores 4 out of 10 in our fundamental rating. VSEC was compared to 83 industry peers in the Commercial Services & Supplies industry. VSEC has an average financial health and profitability rating. VSEC is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

Quickly go to:

4

1. Profitability

1.1 Basic Checks

VSEC had positive earnings in the past year.
In the past year VSEC had a positive cash flow from operations.
VSEC had positive earnings in 4 of the past 5 years.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M

1.2 Ratios

The Return On Assets of VSEC (0.75%) is comparable to the rest of the industry.
VSEC has a Return On Equity of 1.33%. This is comparable to the rest of the industry: VSEC outperforms 50.60% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.16%, VSEC is in line with its industry, outperforming 51.81% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for VSEC is significantly below the industry average of 11.66%.
Industry RankSector Rank
ROA 0.75%
ROE 1.33%
ROIC 5.16%
ROA(3y)2.2%
ROA(5y)1.36%
ROE(3y)4.72%
ROE(5y)2.92%
ROIC(3y)5.73%
ROIC(5y)5.23%
VSEC Yearly ROA, ROE, ROICVSEC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10

1.3 Margins

With a Profit Margin value of 1.18%, VSEC perfoms like the industry average, outperforming 51.81% of the companies in the same industry.
In the last couple of years the Profit Margin of VSEC has declined.
With a decent Operating Margin value of 9.08%, VSEC is doing good in the industry, outperforming 66.27% of the companies in the same industry.
VSEC's Operating Margin has improved in the last couple of years.
VSEC has a Gross Margin of 11.72%. This is amonst the worse of the industry: VSEC underperforms 84.34% of its industry peers.
In the last couple of years the Gross Margin of VSEC has remained more or less at the same level.
Industry RankSector Rank
OM 9.08%
PM (TTM) 1.18%
GM 11.72%
OM growth 3Y45.15%
OM growth 5Y2.81%
PM growth 3Y10.02%
PM growth 5Y-22.01%
GM growth 3Y26.16%
GM growth 5Y0.93%
VSEC Yearly Profit, Operating, Gross MarginsVSEC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2 4 6 8 10

More info and screens

6

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), VSEC is destroying value.
Compared to 1 year ago, VSEC has more shares outstanding
The number of shares outstanding for VSEC has been increased compared to 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M
VSEC Yearly Total Debt VS Total AssetsVSEC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

VSEC has an Altman-Z score of 3.82. This indicates that VSEC is financially healthy and has little risk of bankruptcy at the moment.
VSEC has a Altman-Z score of 3.82. This is in the better half of the industry: VSEC outperforms 73.49% of its industry peers.
VSEC has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
VSEC has a Debt to Equity ratio (0.47) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF N/A
Altman-Z 3.82
ROIC/WACC0.59
WACC8.68%
VSEC Yearly LT Debt VS Equity VS FCFVSEC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M

2.3 Liquidity

VSEC has a Current Ratio of 3.90. This indicates that VSEC is financially healthy and has no problem in meeting its short term obligations.
VSEC has a better Current ratio (3.90) than 87.95% of its industry peers.
A Quick Ratio of 2.12 indicates that VSEC has no problem at all paying its short term obligations.
VSEC's Quick ratio of 2.12 is amongst the best of the industry. VSEC outperforms 85.54% of its industry peers.
Industry RankSector Rank
Current Ratio 3.9
Quick Ratio 2.12
VSEC Yearly Current Assets VS Current LiabilitesVSEC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

More info and screens

4

3. Growth

3.1 Past

The earnings per share for VSEC have decreased strongly by -12.43% in the last year.
The earnings per share for VSEC have been decreasing by -23.99% on average. This is quite bad
Looking at the last year, VSEC shows a quite strong growth in Revenue. The Revenue has grown by 19.83% in the last year.
VSEC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.49% yearly.
EPS 1Y (TTM)-12.43%
EPS 3Y10.22%
EPS 5Y-23.99%
EPS Q2Q%-10.34%
Revenue 1Y (TTM)19.83%
Revenue growth 3Y12.88%
Revenue growth 5Y7.49%
Sales Q2Q%6.01%

3.2 Future

The Earnings Per Share is expected to grow by 23.43% on average over the next years. This is a very strong growth
Based on estimates for the next years, VSEC will show a small growth in Revenue. The Revenue will grow by 3.65% on average per year.
EPS Next Y10.64%
EPS Next 2Y21.52%
EPS Next 3Y23.43%
EPS Next 5YN/A
Revenue Next Year2.2%
Revenue Next 2Y6.79%
Revenue Next 3Y8.86%
Revenue Next 5Y3.65%

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 accelerating.
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.
VSEC Yearly Revenue VS EstimatesVSEC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 500M 1B
VSEC Yearly EPS VS EstimatesVSEC Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3 4 5

More info and screens

2

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 44.17, VSEC can be considered very expensive at the moment.
VSEC's Price/Earnings ratio is in line with the industry average.
VSEC is valuated expensively when we compare the Price/Earnings ratio to 27.69, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 29.05, which means the current valuation is very expensive for VSEC.
VSEC's Price/Forward Earnings ratio is in line with the industry average.
VSEC's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 37.36.
Industry RankSector Rank
PE 44.17
Fwd PE 29.05
VSEC Price Earnings VS Forward Price EarningsVSEC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of VSEC indicates a slightly more expensive valuation: VSEC is more expensive than 61.45% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 24.42
VSEC Per share dataVSEC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40 50

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates VSEC does not grow enough to justify the current Price/Earnings ratio.
VSEC's earnings are expected to grow with 23.43% in the coming years. This may justify a more expensive valuation.
PEG (NY)4.15
PEG (5Y)N/A
EPS Next 2Y21.52%
EPS Next 3Y23.43%

More info and screens

5

5. Dividend

5.1 Amount

VSEC has a yearly dividend return of 0.30%, which is pretty low.
VSEC's Dividend Yield is a higher than the industry average which is at 2.39.
Compared to an average S&P500 Dividend Yield of 2.34, VSEC's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.3%

5.2 History

The dividend of VSEC has a limited annual growth rate of 2.67%.
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)2.67%
Div Incr Years0
Div Non Decr Years34
VSEC Yearly Dividends per shareVSEC Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 0 0 0 0

5.3 Sustainability

VSEC pays out 58.19% of its income as dividend. This is a bit on the high side, but may be sustainable.
VSEC's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP58.19%
EPS Next 2Y21.52%
EPS Next 3Y23.43%
VSEC Yearly Income VS Free CF VS DividendVSEC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M -40M
VSEC Dividend Payout.VSEC Dividend Payout, showing the Payout Ratio.VSEC Dividend Payout.PayoutRetained Earnings

More info and screens

VSE CORP

NASDAQ:VSEC (7/23/2025, 8:00:02 PM)

After market: 133.83 0 (0%)

133.83

+4.19 (+3.23%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)05-06 2025-05-06/amc
Earnings (Next)07-30 2025-07-30/amc
Inst Owners116.88%
Inst Owner Change0.09%
Ins Owners2.28%
Ins Owner Change2.35%
Market Cap2.77B
Analysts84.62
Price Target151.72 (13.37%)
Short Float %8.91%
Short Ratio7.4
Dividend
Industry RankSector Rank
Dividend Yield 0.3%
Yearly Dividend0.39
Dividend Growth(5Y)2.67%
DP58.19%
Div Incr Years0
Div Non Decr Years34
Ex-Date07-16 2025-07-16 (0.1)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)27.75%
Min EPS beat(2)22.89%
Max EPS beat(2)32.61%
EPS beat(4)3
Avg EPS beat(4)16.87%
Min EPS beat(4)-3.77%
Max EPS beat(4)32.61%
EPS beat(8)7
Avg EPS beat(8)15.37%
EPS beat(12)10
Avg EPS beat(12)15.38%
EPS beat(16)13
Avg EPS beat(16)12.02%
Revenue beat(2)2
Avg Revenue beat(2)1.82%
Min Revenue beat(2)1.7%
Max Revenue beat(2)1.93%
Revenue beat(4)3
Avg Revenue beat(4)1.31%
Min Revenue beat(4)-0.07%
Max Revenue beat(4)1.93%
Revenue beat(8)4
Avg Revenue beat(8)0.48%
Revenue beat(12)5
Avg Revenue beat(12)-3.82%
Revenue beat(16)9
Avg Revenue beat(16)-1.58%
PT rev (1m)0.79%
PT rev (3m)6.92%
EPS NQ rev (1m)-1.91%
EPS NQ rev (3m)-4.44%
EPS NY rev (1m)0%
EPS NY rev (3m)14.66%
Revenue NQ rev (1m)-0.82%
Revenue NQ rev (3m)0.22%
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.11%
Valuation
Industry RankSector Rank
PE 44.17
Fwd PE 29.05
P/S 2.53
P/FCF N/A
P/OCF 1988.69
P/B 2.84
P/tB 7.66
EV/EBITDA 24.42
EPS(TTM)3.03
EY2.26%
EPS(NY)4.61
Fwd EY3.44%
FCF(TTM)-0.7
FCFYN/A
OCF(TTM)0.07
OCFY0.05%
SpS52.96
BVpS47.21
TBVpS17.47
PEG (NY)4.15
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.75%
ROE 1.33%
ROCE 6.69%
ROIC 5.16%
ROICexc 5.18%
ROICexgc 8.87%
OM 9.08%
PM (TTM) 1.18%
GM 11.72%
FCFM N/A
ROA(3y)2.2%
ROA(5y)1.36%
ROE(3y)4.72%
ROE(5y)2.92%
ROIC(3y)5.73%
ROIC(5y)5.23%
ROICexc(3y)5.78%
ROICexc(5y)5.26%
ROICexgc(3y)10.59%
ROICexgc(5y)10.1%
ROCE(3y)7.42%
ROCE(5y)6.77%
ROICexcg growth 3Y31.62%
ROICexcg growth 5Y-9.39%
ROICexc growth 3Y31.63%
ROICexc growth 5Y-4.64%
OM growth 3Y45.15%
OM growth 5Y2.81%
PM growth 3Y10.02%
PM growth 5Y-22.01%
GM growth 3Y26.16%
GM growth 5Y0.93%
F-Score4
Asset Turnover0.63
Health
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF N/A
Debt/EBITDA 3.48
Cap/Depr 48.44%
Cap/Sales 1.45%
Interest Coverage 250
Cash Conversion 1.05%
Profit Quality N/A
Current Ratio 3.9
Quick Ratio 2.12
Altman-Z 3.82
F-Score4
WACC8.68%
ROIC/WACC0.59
Cap/Depr(3y)65.18%
Cap/Depr(5y)51%
Cap/Sales(3y)1.76%
Cap/Sales(5y)1.47%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-12.43%
EPS 3Y10.22%
EPS 5Y-23.99%
EPS Q2Q%-10.34%
EPS Next Y10.64%
EPS Next 2Y21.52%
EPS Next 3Y23.43%
EPS Next 5YN/A
Revenue 1Y (TTM)19.83%
Revenue growth 3Y12.88%
Revenue growth 5Y7.49%
Sales Q2Q%6.01%
Revenue Next Year2.2%
Revenue Next 2Y6.79%
Revenue Next 3Y8.86%
Revenue Next 5Y3.65%
EBIT growth 1Y4.26%
EBIT growth 3Y63.86%
EBIT growth 5Y10.52%
EBIT Next Year86.07%
EBIT Next 3Y38.87%
EBIT Next 5YN/A
FCF growth 1Y58.96%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y106.2%
OCF growth 3YN/A
OCF growth 5YN/A