NSI NV (NSI.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:NSI - NL0012365084 - REIT
19.76 EUR
-0.2 (-1%)
NSI gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 42 industry peers in the Diversified REITs industry. While NSI is still in line with the averages on profitability rating, there are concerns on its financial health. NSI has a decent growth rate and is not valued too expensively. 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.
- The reported net income has been mixed in the past 5 years: NSI reported negative net income in multiple years.
- NSI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- The Return On Assets of NSI (0.20%) is worse than 73.81% of its industry peers.
- NSI's Return On Equity of 0.32% is on the low side compared to the rest of the industry. NSI is outperformed by 73.81% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 4.34%, NSI is in the better half of the industry, outperforming 76.19% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years 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
- NSI's Profit Margin of 2.88% is on the low side compared to the rest of the industry. NSI is outperformed by 73.81% of its industry peers.
- NSI's Profit Margin has declined in the last couple of years.
- 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.
- NSI has a Gross Margin of 84.44%. This is in the better half of the industry: NSI outperforms 73.81% of its industry peers.
- In the last couple of years the Gross Margin of NSI has remained more or less at the same level.
| 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
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NSI is destroying value.
- Compared to 1 year ago, NSI has less shares outstanding
- NSI has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, NSI has a worse debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 0.33, we must say that NSI is in the distress zone and has some risk of bankruptcy.
- NSI has a worse Altman-Z score (0.33) than 88.10% of its industry peers.
- NSI has a debt to FCF ratio of 9.88. This is a negative value and a sign of low solvency as NSI would need 9.88 years to pay back of all of its debts.
- NSI has a Debt to FCF ratio of 9.88. This is amongst the best in the industry. NSI outperforms 80.95% of its industry peers.
- NSI has a Debt/Equity ratio of 0.51. This is a neutral value indicating NSI is somewhat dependend on debt financing.
- NSI has a better Debt to Equity ratio (0.51) than 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 9.88 | ||
| Altman-Z | 0.33 |
ROIC/WACC0.81
WACC5.33%
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 (0.36) which is comparable to the rest of the industry.
- 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.
- Looking at the Quick ratio, with a value of 0.36, NSI is in line with its industry, outperforming 52.38% of the companies in the same industry.
| 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.
- The earnings per share for NSI have been decreasing by -42.97% on average. This is quite bad
- The Revenue has been growing slightly by 2.61% in the past year.
- NSI shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -2.57% yearly.
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
- Based on estimates for the next years, NSI will show a small growth in Earnings Per Share. The EPS will grow by 2.47% on average per year.
- The Revenue is expected to grow by 1.99% on average over the next years.
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
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- 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
- With a Price/Earnings ratio of 179.64, NSI can be considered very expensive at the moment.
- Based on the Price/Earnings ratio, NSI is valued a bit more expensive than the industry average as 76.19% of the companies are valued more cheaply.
- Compared to an average S&P500 Price/Earnings ratio of 27.30, NSI is valued quite expensively.
- With a Price/Forward Earnings ratio of 9.41, the valuation of NSI can be described as very reasonable.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of NSI indicates a rather cheap valuation: NSI is cheaper than 83.33% of the companies listed in the same industry.
- When comparing the Price/Forward Earnings ratio of NSI to the average of the S&P500 Index (24.04), we can say NSI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 179.64 | ||
| Fwd PE | 9.41 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NSI indicates a rather cheap valuation: NSI is cheaper than 85.71% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, NSI is valued a bit cheaper than the industry average as 69.05% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.47 | ||
| EV/EBITDA | 12.96 |
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)29.23
PEG (5Y)N/A
EPS Next 2Y2.93%
EPS Next 3Y2.37%
5. Dividend
5.1 Amount
- NSI has a Yearly Dividend Yield of 7.95%, which is a nice return.
- Compared to an average industry Dividend Yield of 4.99, NSI pays a better dividend. On top of this NSI pays more dividend than 90.48% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.92, NSI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.95% |
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.
- The dividend of NSI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP1114.37%
EPS Next 2Y2.93%
EPS Next 3Y2.37%
AMS:NSI (1/14/2026, 4:23:02 PM)
19.76
-0.2 (-1%)
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 Cap398.36M
Revenue(TTM)73.71M
Net Income(TTM)2.12M
Analysts74
Price Target23.89 (20.9%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.95% |
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)-1.4%
PT rev (3m)-1.75%
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 | 179.64 | ||
| Fwd PE | 9.41 | ||
| P/S | 5.4 | ||
| P/FCF | 10.47 | ||
| P/OCF | 10.46 | ||
| P/B | 0.61 | ||
| P/tB | 0.61 | ||
| EV/EBITDA | 12.96 |
EPS(TTM)0.11
EY0.56%
EPS(NY)2.1
Fwd EY10.63%
FCF(TTM)1.89
FCFY9.55%
OCF(TTM)1.89
OCFY9.56%
SpS3.66
BVpS32.64
TBVpS32.63
PEG (NY)29.23
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 | 0.33 |
F-Score8
WACC5.33%
ROIC/WACC0.81
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 179.64 and the Price/Book (PB) ratio is 0.61.
How financially healthy is NSI NV?
The financial health rating of NSI NV (NSI.AS) is 3 / 10.