NSI NV (NSI.AS) Stock Fundamental Analysis
AMS:NSI - Euronext Amsterdam - NL0012365084 - REIT - Currency: EUR
Overall NSI gets a fundamental rating of 4 out of 10. We evaluated NSI against 40 industry peers in the Diversified REITs industry. NSI has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, NSI is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
NSI had positive earnings in the past year.
NSI had a positive operating cash flow in the past year.
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 (1.18%) is worse than 65.00% of its industry peers.
NSI has a worse Return On Equity (1.84%) than 65.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 4.14%, NSI is in the better half of the industry, outperforming 72.50% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for NSI is in line with the industry average of 3.63%.
The 3 year average ROIC (3.76%) for NSI is below the current ROIC(4.14%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.18% | ||
| ROE | 1.84% | ||
| ROIC | 4.14% |
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 has a Profit Margin of 17.01%. This is comparable to the rest of the industry: NSI outperforms 42.50% of its industry peers.
In the last couple of years the Profit Margin of NSI has declined.
NSI's Operating Margin of 72.34% is in line compared to the rest of the industry. NSI outperforms 55.00% 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 (83.98%) is better than 65.00% of its industry peers.
NSI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 72.34% | ||
| PM (TTM) | 17.01% | ||
| GM | 83.98% |
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
Compared to 5 years ago, NSI has more shares outstanding
Compared to 1 year ago, NSI has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.56, we must say that NSI is in the distress zone and has some risk of bankruptcy.
NSI's Altman-Z score of 0.56 is on the low side compared to the rest of the industry. NSI is outperformed by 75.00% of its industry peers.
The Debt to FCF ratio of NSI is 8.75, which is on the high side as it means it would take NSI, 8.75 years of fcf income to pay off all of its debts.
NSI's Debt to FCF ratio of 8.75 is amongst the best of the industry. NSI outperforms 82.50% 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.
The Debt to Equity ratio of NSI (0.51) is better than 85.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 8.75 | ||
| Altman-Z | 0.56 |
ROIC/WACC0.75
WACC5.54%
2.3 Liquidity
A Current Ratio of 0.23 indicates that NSI may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.23, NSI is doing worse than 75.00% of the companies in the same industry.
NSI has a Quick Ratio of 0.23. 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 of 0.23. This is in the lower half of the industry: NSI underperforms 72.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.23 | ||
| Quick Ratio | 0.23 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 109.01% 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 2.15%.
The Revenue has been decreasing by -2.57% on average over the past years.
EPS 1Y (TTM)109.01%
EPS 3Y-53.3%
EPS 5Y-42.97%
EPS Q2Q%121.92%
Revenue 1Y (TTM)2.15%
Revenue growth 3Y-2.1%
Revenue growth 5Y-2.57%
Sales Q2Q%2.51%
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.
The Revenue is expected to grow by 2.07% on average over the next years.
EPS Next Y1.87%
EPS Next 2Y1.39%
EPS Next 3Y2.39%
EPS Next 5Y2.47%
Revenue Next Year-1.06%
Revenue Next 2Y1.3%
Revenue Next 3Y2.07%
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.
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 37.50 indicates a quite expensive valuation of NSI.
Based on the Price/Earnings ratio, NSI is valued a bit more expensive than 70.00% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.30, NSI is valued a bit more expensive.
The Price/Forward Earnings ratio is 11.88, which indicates a very decent valuation of NSI.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NSI is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of NSI to the average of the S&P500 Index (21.76), we can say NSI is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.5 | ||
| Fwd PE | 11.88 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NSI is valued a bit cheaper than the industry average as 67.50% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of NSI is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.21 | ||
| EV/EBITDA | 15.15 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)20.08
PEG (5Y)N/A
EPS Next 2Y1.39%
EPS Next 3Y2.39%
5. Dividend
5.1 Amount
NSI has a Yearly Dividend Yield of 6.45%, which is a nice return.
Compared to an average industry Dividend Yield of 5.54, NSI pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.37, NSI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.45% |
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
241.76% 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.
DP241.76%
EPS Next 2Y1.39%
EPS Next 3Y2.39%
AMS:NSI (7/11/2025, 7:00:00 PM)
24
-0.05 (-0.21%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners29.77%
Inst Owner ChangeN/A
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap483.84M
Analysts78
Price Target23.8 (-0.83%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.45% |
Yearly Dividend1.52
Dividend Growth(5Y)1.68%
DP241.76%
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)0%
PT rev (3m)-0.36%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.5 | ||
| Fwd PE | 11.88 | ||
| P/S | 6.65 | ||
| P/FCF | 12.21 | ||
| P/OCF | 12.2 | ||
| P/B | 0.72 | ||
| P/tB | 0.72 | ||
| EV/EBITDA | 15.15 |
EPS(TTM)0.64
EY2.67%
EPS(NY)2.02
Fwd EY8.42%
FCF(TTM)1.97
FCFY8.19%
OCF(TTM)1.97
OCFY8.2%
SpS3.61
BVpS33.35
TBVpS33.35
PEG (NY)20.08
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.18% | ||
| ROE | 1.84% | ||
| ROCE | 5.24% | ||
| ROIC | 4.14% | ||
| ROICexc | 4.18% | ||
| ROICexgc | 4.18% | ||
| OM | 72.34% | ||
| PM (TTM) | 17.01% | ||
| GM | 83.98% | ||
| FCFM | 54.5% |
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%
ROICexcg growth 3Y7.51%
ROICexcg 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 | 8.75 | ||
| Debt/EBITDA | 6.41 | ||
| Cap/Depr | 3.49% | ||
| Cap/Sales | 0.03% | ||
| Interest Coverage | 4.2 | ||
| Cash Conversion | 74.53% | ||
| Profit Quality | 320.39% | ||
| Current Ratio | 0.23 | ||
| Quick Ratio | 0.23 | ||
| Altman-Z | 0.56 |
F-Score8
WACC5.54%
ROIC/WACC0.75
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)109.01%
EPS 3Y-53.3%
EPS 5Y-42.97%
EPS Q2Q%121.92%
EPS Next Y1.87%
EPS Next 2Y1.39%
EPS Next 3Y2.39%
EPS Next 5Y2.47%
Revenue 1Y (TTM)2.15%
Revenue growth 3Y-2.1%
Revenue growth 5Y-2.57%
Sales Q2Q%2.51%
Revenue Next Year-1.06%
Revenue Next 2Y1.3%
Revenue Next 3Y2.07%
Revenue Next 5YN/A
EBIT growth 1Y6.9%
EBIT growth 3Y-1.76%
EBIT growth 5Y-1.89%
EBIT Next Year20%
EBIT Next 3Y10.66%
EBIT Next 5YN/A
FCF growth 1Y-4.82%
FCF growth 3Y3.11%
FCF growth 5Y0.25%
OCF growth 1Y-4.77%
OCF growth 3Y2.4%
OCF growth 5Y0.22%