NSI NV (NSI.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:NSI - NL0012365084 - REIT
19.46 EUR
+0.3 (+1.57%)
We assign a fundamental rating of 4 out of 10 to NSI. NSI was compared to 42 industry peers in the Diversified REITs industry. There are concerns on the financial health of NSI while its profitability can be described as average. NSI has a decent growth rate and is not valued too expensively. Finally NSI also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- In the past year NSI was profitable.
- In the past year NSI had a positive cash flow from operations.
- In multiple years NSI reported negative net income over the last 5 years.
- Each year in the past 5 years NSI had a positive operating cash flow.
1.2 Ratios
- The Return On Assets of NSI (0.20%) is worse than 73.81% of its industry peers.
- Looking at the Return On Equity, with a value of 0.32%, NSI is doing worse than 73.81% of the companies in the same industry.
- NSI has a Return On Invested Capital of 4.34%. This is in the better half of the industry: NSI outperforms 76.19% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for NSI is in line with the industry average of 3.45%.
- The 3 year average ROIC (3.76%) for NSI is below the current ROIC(4.34%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.2% | ||
| ROE | 0.32% | ||
| ROIC | 4.34% |
ROA(3y)-4.79%
ROA(5y)-1.43%
ROE(3y)-7.25%
ROE(5y)-2.28%
ROIC(3y)3.76%
ROIC(5y)3.61%
1.3 Margins
- With a Profit Margin value of 2.88%, NSI is not doing good in the industry: 73.81% of the companies in the same industry are doing better.
- In the last couple of years the Profit Margin of NSI has declined.
- NSI has a Operating Margin of 73.28%. This is in the better half of the industry: NSI outperforms 61.90% of its industry peers.
- In the last couple of years the Operating Margin of NSI has remained more or less at the same level.
- The Gross Margin of NSI (84.44%) is better than 73.81% of its industry peers.
- NSI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 73.28% | ||
| PM (TTM) | 2.88% | ||
| GM | 84.44% |
OM growth 3Y0.35%
OM growth 5Y0.7%
PM growth 3Y-52.23%
PM growth 5Y-40.95%
GM growth 3Y0.95%
GM growth 5Y0.68%
2. Health
2.1 Basic Checks
- NSI has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- NSI has less shares outstanding than it did 1 year ago.
- NSI has more shares outstanding than it did 5 years ago.
- NSI has a worse debt/assets ratio than last year.
2.2 Solvency
- NSI has an Altman-Z score of 0.30. This is a bad value and indicates that NSI is not financially healthy and even has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 0.30, NSI is doing worse than 92.86% of the companies in the same industry.
- The Debt to FCF ratio of NSI is 9.88, which is on the high side as it means it would take NSI, 9.88 years of fcf income to pay off all of its debts.
- NSI's Debt to FCF ratio of 9.88 is amongst the best of the industry. NSI outperforms 80.95% of its industry peers.
- A Debt/Equity ratio of 0.51 indicates that NSI is somewhat dependend on debt financing.
- NSI has a Debt to Equity ratio of 0.51. This is in the better half of the industry: NSI outperforms 76.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 9.88 | ||
| Altman-Z | 0.3 |
ROIC/WACC0.82
WACC5.3%
2.3 Liquidity
- A Current Ratio of 0.36 indicates that NSI may have some problems paying its short term obligations.
- NSI has a Current ratio of 0.36. This is comparable to the rest of the industry: NSI outperforms 45.24% of its industry peers.
- NSI has a Quick Ratio of 0.36. This is a bad value and indicates that NSI is not financially healthy enough and could expect problems in meeting its short term obligations.
- NSI has a Quick ratio (0.36) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.36 | ||
| Quick Ratio | 0.36 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 105.48% over the past year.
- Measured over the past years, NSI shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -42.97% on average per year.
- NSI shows a small growth in Revenue. In the last year, the Revenue has grown by 2.61%.
- Measured over the past years, NSI shows a decrease in Revenue. The Revenue has been decreasing by -2.57% on average per year.
EPS 1Y (TTM)105.48%
EPS 3Y-53.3%
EPS 5Y-42.97%
EPS Q2Q%-349.17%
Revenue 1Y (TTM)2.61%
Revenue growth 3Y-2.1%
Revenue growth 5Y-2.57%
Sales Q2Q%2.7%
3.2 Future
- NSI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 2.47% yearly.
- Based on estimates for the next years, NSI will show a small growth in Revenue. The Revenue will grow by 1.99% on average per year.
EPS Next Y6.15%
EPS Next 2Y2.93%
EPS Next 3Y2.37%
EPS Next 5Y2.47%
Revenue Next Year1.19%
Revenue Next 2Y1.66%
Revenue Next 3Y1.99%
Revenue Next 5YN/A
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.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 176.91 indicates a quite expensive valuation of NSI.
- 76.19% of the companies in the same industry are cheaper than NSI, based on the Price/Earnings ratio.
- Compared to an average S&P500 Price/Earnings ratio of 27.32, NSI is valued quite expensively.
- The Price/Forward Earnings ratio is 9.26, which indicates a very decent valuation of NSI.
- Based on the Price/Forward Earnings ratio, NSI is valued cheaper than 83.33% of the companies in the same industry.
- NSI is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.32, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 176.91 | ||
| Fwd PE | 9.26 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, NSI is valued cheaply inside the industry as 85.71% of the companies are valued more expensively.
- Based on the Price/Free Cash Flow ratio, NSI is valued a bit cheaper than 69.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.31 | ||
| EV/EBITDA | 12.66 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates NSI does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)28.78
PEG (5Y)N/A
EPS Next 2Y2.93%
EPS Next 3Y2.37%
5. Dividend
5.1 Amount
- NSI has a Yearly Dividend Yield of 7.81%, which is a nice return.
- NSI's Dividend Yield is rather good when compared to the industry average which is at 5.42. NSI pays more dividend than 85.71% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.83, NSI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.81% |
5.2 History
- The dividend of NSI has a limited annual growth rate of 1.68%.
Dividend Growth(5Y)1.68%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 1114.37% of the earnings are spent on dividend by NSI. This is not a sustainable payout ratio.
- NSI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP1114.37%
EPS Next 2Y2.93%
EPS Next 3Y2.37%
AMS:NSI (1/22/2026, 7:00:00 PM)
19.46
+0.3 (+1.57%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)10-15 2025-10-15
Earnings (Next)01-28 2026-01-28/amc
Inst Owners21.17%
Inst Owner ChangeN/A
Ins Owners0.11%
Ins Owner ChangeN/A
Market Cap392.31M
Revenue(TTM)73.71M
Net Income(TTM)2.12M
Analysts74
Price Target23.31 (19.78%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.81% |
Yearly Dividend1.52
Dividend Growth(5Y)1.68%
DP1114.37%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
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)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
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)-3.79%
PT rev (3m)-4.13%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.07%
EPS NY rev (3m)0.19%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.39%
Revenue NY rev (3m)-0.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 176.91 | ||
| Fwd PE | 9.26 | ||
| P/S | 5.32 | ||
| P/FCF | 10.31 | ||
| P/OCF | 10.31 | ||
| P/B | 0.6 | ||
| P/tB | 0.6 | ||
| EV/EBITDA | 12.66 |
EPS(TTM)0.11
EY0.57%
EPS(NY)2.1
Fwd EY10.8%
FCF(TTM)1.89
FCFY9.7%
OCF(TTM)1.89
OCFY9.7%
SpS3.66
BVpS32.64
TBVpS32.63
PEG (NY)28.78
PEG (5Y)N/A
Graham Number8.99
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.2% | ||
| ROE | 0.32% | ||
| ROCE | 5.6% | ||
| ROIC | 4.34% | ||
| ROICexc | 4.49% | ||
| ROICexgc | 4.49% | ||
| OM | 73.28% | ||
| PM (TTM) | 2.88% | ||
| GM | 84.44% | ||
| FCFM | 51.64% |
ROA(3y)-4.79%
ROA(5y)-1.43%
ROE(3y)-7.25%
ROE(5y)-2.28%
ROIC(3y)3.76%
ROIC(5y)3.61%
ROICexc(3y)3.77%
ROICexc(5y)3.63%
ROICexgc(3y)3.77%
ROICexgc(5y)3.63%
ROCE(3y)4.74%
ROCE(5y)4.53%
ROICexgc growth 3Y7.51%
ROICexgc growth 5Y2.13%
ROICexc growth 3Y7.51%
ROICexc growth 5Y2.13%
OM growth 3Y0.35%
OM growth 5Y0.7%
PM growth 3Y-52.23%
PM growth 5Y-40.95%
GM growth 3Y0.95%
GM growth 5Y0.68%
F-Score8
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 9.88 | ||
| Debt/EBITDA | 6.14 | ||
| Cap/Depr | 1.7% | ||
| Cap/Sales | 0.01% | ||
| Interest Coverage | 4.05 | ||
| Cash Conversion | 69.73% | ||
| Profit Quality | 1793.59% | ||
| Current Ratio | 0.36 | ||
| Quick Ratio | 0.36 | ||
| Altman-Z | 0.3 |
F-Score8
WACC5.3%
ROIC/WACC0.82
Cap/Depr(3y)7.25%
Cap/Depr(5y)40.19%
Cap/Sales(3y)0.07%
Cap/Sales(5y)0.27%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)105.48%
EPS 3Y-53.3%
EPS 5Y-42.97%
EPS Q2Q%-349.17%
EPS Next Y6.15%
EPS Next 2Y2.93%
EPS Next 3Y2.37%
EPS Next 5Y2.47%
Revenue 1Y (TTM)2.61%
Revenue growth 3Y-2.1%
Revenue growth 5Y-2.57%
Sales Q2Q%2.7%
Revenue Next Year1.19%
Revenue Next 2Y1.66%
Revenue Next 3Y1.99%
Revenue Next 5YN/A
EBIT growth 1Y10.75%
EBIT growth 3Y-1.76%
EBIT growth 5Y-1.89%
EBIT Next Year19.1%
EBIT Next 3Y8.22%
EBIT Next 5YN/A
FCF growth 1Y-17.09%
FCF growth 3Y3.11%
FCF growth 5Y0.25%
OCF growth 1Y-17.12%
OCF growth 3Y2.4%
OCF growth 5Y0.22%
NSI NV / NSI.AS FAQ
Can you provide the ChartMill fundamental rating for NSI NV?
ChartMill assigns a fundamental rating of 4 / 10 to NSI.AS.
Can you provide the valuation status for NSI NV?
ChartMill assigns a valuation rating of 4 / 10 to NSI NV (NSI.AS). This can be considered as Fairly Valued.
What is the profitability of NSI stock?
NSI NV (NSI.AS) has a profitability rating of 4 / 10.
What are the PE and PB ratios of NSI NV (NSI.AS) stock?
The Price/Earnings (PE) ratio for NSI NV (NSI.AS) is 176.91 and the Price/Book (PB) ratio is 0.6.
How financially healthy is NSI NV?
The financial health rating of NSI NV (NSI.AS) is 3 / 10.