NSI NV (NSI.AS) Stock Fundamental Analysis
AMS:NSI - Euronext Amsterdam - NL0012365084 - REIT - Currency: EUR
NSI gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 41 industry peers in the Diversified REITs industry. NSI has a medium profitability rating, but doesn't score so well on its financial health evaluation. NSI has a decent growth rate and is not valued too expensively.
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.
The reported net income has been mixed in the past 5 years: NSI reported negative net income in multiple years.
In the past 5 years NSI always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.46%, NSI is in line with its industry, outperforming 51.16% of the companies in the same industry.
Looking at the Return On Equity, with a value of 2.29%, NSI is in line with its industry, outperforming 46.51% of the companies in the same industry.
NSI's Return On Invested Capital of 6.00% is fine compared to the rest of the industry. NSI outperforms 79.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.46% | ||
| ROE | 2.29% | ||
| ROIC | 6% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
NSI has a Profit Margin (14.13%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of NSI has declined.
Looking at the Operating Margin, with a value of 69.93%, NSI is in line with its industry, outperforming 46.51% of the companies in the same industry.
In the last couple of years the Operating Margin of NSI has remained more or less at the same level.
NSI's Gross Margin of 81.44% is fine compared to the rest of the industry. NSI outperforms 65.12% 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 | 69.93% | ||
| PM (TTM) | 14.13% | ||
| GM | 81.44% |
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 no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
NSI has an Altman-Z score of 0.59. This is a bad value and indicates that NSI is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of NSI (0.59) is worse than 76.74% of its industry peers.
NSI has a debt to FCF ratio of 8.74. This is a slightly negative value and a sign of low solvency as NSI would need 8.74 years to pay back of all of its debts.
NSI's Debt to FCF ratio of 8.74 is amongst the best of the industry. NSI outperforms 86.05% 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.
Looking at the Debt to Equity ratio, with a value of 0.51, NSI belongs to the top of the industry, outperforming 86.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 8.74 | ||
| Altman-Z | 0.59 |
ROIC/WACC0.87
WACC6.93%
2.3 Liquidity
A Current Ratio of 0.23 indicates that NSI may have some problems paying its short term obligations.
The Current ratio of NSI (0.23) is worse than 72.09% of its industry peers.
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.
With a Quick ratio value of 0.23, NSI is not doing good in the industry: 72.09% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.23 | ||
| Quick Ratio | 0.23 |
3. Growth
3.1 Past
NSI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 111.05%, which is quite impressive.
The earnings per share for NSI have been decreasing by -42.97% on average. This is quite bad
The Revenue has grown by 52.93% in the past year. This is a very strong growth!
The Revenue has been decreasing by -2.57% on average over the past years.
EPS 1Y (TTM)111.05%
EPS 3Y-53.3%
EPS 5Y-42.97%
EPS Q2Q%128.44%
Revenue 1Y (TTM)52.93%
Revenue growth 3Y-2.1%
Revenue growth 5Y-2.57%
Sales Q2Q%103.85%
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 2.15% on average over the next years.
EPS Next Y1.36%
EPS Next 2Y1.35%
EPS Next 3Y2.39%
EPS Next 5Y2.47%
Revenue Next Year-0.6%
Revenue Next 2Y1.41%
Revenue Next 3Y2.15%
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 27.50 indicates a quite expensive valuation of NSI.
NSI's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 29.35, NSI is valued at the same level.
With a Price/Forward Earnings ratio of 10.67, the valuation of NSI can be described as very reasonable.
NSI's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of NSI to the average of the S&P500 Index (22.10), we can say NSI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.5 | ||
| Fwd PE | 10.67 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NSI is valued cheaper than 90.70% of the companies in the same industry.
NSI's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.91 | ||
| EV/EBITDA | 9.81 |
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)20.24
PEG (5Y)N/A
EPS Next 2Y1.35%
EPS Next 3Y2.39%
5. Dividend
5.1 Amount
NSI has a Yearly Dividend Yield of 10.87%, which is a nice return.
Compared to an average industry Dividend Yield of 8.71, NSI pays a better dividend. On top of this NSI pays more dividend than 90.70% of the companies listed in the same industry.
NSI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.87% |
5.2 History
The dividend of NSI decreases each year by -0.05%.
Dividend Growth(5Y)-0.05%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
194.41% of the earnings are spent on dividend by NSI. This is not a sustainable payout ratio.
DP194.41%
EPS Next 2Y1.35%
EPS Next 3Y2.39%
AMS:NSI (3/7/2025, 7:00:00 PM)
21.45
+0.1 (+0.47%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners27.05%
Inst Owner ChangeN/A
Ins Owners0.14%
Ins Owner ChangeN/A
Market Cap432.43M
Analysts80
Price Target23.72 (10.58%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.87% |
Yearly Dividend1.73
Dividend Growth(5Y)-0.05%
DP194.41%
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)3.33%
PT rev (3m)2.57%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)4.46%
EPS NY rev (3m)5.48%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.59%
Revenue NY rev (3m)-1.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.5 | ||
| Fwd PE | 10.67 | ||
| P/S | 3.97 | ||
| P/FCF | 10.91 | ||
| P/OCF | 10.9 | ||
| P/B | 0.64 | ||
| P/tB | 0.64 | ||
| EV/EBITDA | 9.81 |
EPS(TTM)0.78
EY3.64%
EPS(NY)2.01
Fwd EY9.37%
FCF(TTM)1.97
FCFY9.17%
OCF(TTM)1.97
OCFY9.17%
SpS5.4
BVpS33.35
TBVpS33.35
PEG (NY)20.24
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.46% | ||
| ROE | 2.29% | ||
| ROCE | 7.58% | ||
| ROIC | 6% | ||
| ROICexc | 6.05% | ||
| ROICexgc | 6.05% | ||
| OM | 69.93% | ||
| PM (TTM) | 14.13% | ||
| GM | 81.44% | ||
| FCFM | 36.4% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
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-Score7
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 8.74 | ||
| Debt/EBITDA | 4.45 | ||
| Cap/Depr | 3.49% | ||
| Cap/Sales | 0.02% | ||
| Interest Coverage | 6.08 | ||
| Cash Conversion | 51.68% | ||
| Profit Quality | 257.65% | ||
| Current Ratio | 0.23 | ||
| Quick Ratio | 0.23 | ||
| Altman-Z | 0.59 |
F-Score7
WACC6.93%
ROIC/WACC0.87
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)111.05%
EPS 3Y-53.3%
EPS 5Y-42.97%
EPS Q2Q%128.44%
EPS Next Y1.36%
EPS Next 2Y1.35%
EPS Next 3Y2.39%
EPS Next 5Y2.47%
Revenue 1Y (TTM)52.93%
Revenue growth 3Y-2.1%
Revenue growth 5Y-2.57%
Sales Q2Q%103.85%
Revenue Next Year-0.6%
Revenue Next 2Y1.41%
Revenue Next 3Y2.15%
Revenue Next 5YN/A
EBIT growth 1Y54.7%
EBIT growth 3Y-1.76%
EBIT growth 5Y-1.89%
EBIT Next Year14.16%
EBIT Next 3Y7.63%
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%