NSI NV (NSI.AS) Fundamental Analysis & Valuation

AMS:NSI • NL0012365084

Current stock price

17.26 EUR
+0.1 (+0.58%)
Last:

This NSI.AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. NSI.AS Profitability Analysis

1.1 Basic Checks

  • NSI had negative 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.
  • Each year in the past 5 years NSI had a positive operating cash flow.
NSI.AS Yearly Net Income VS EBIT VS OCF VS FCFNSI.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M

1.2 Ratios

  • NSI has a worse Return On Assets (-0.94%) than 75.61% of its industry peers.
  • NSI has a Return On Equity of -1.53%. This is in the lower half of the industry: NSI underperforms 75.61% of its industry peers.
  • NSI has a better Return On Invested Capital (4.30%) than 65.85% of its industry peers.
  • NSI had an Average Return On Invested Capital over the past 3 years of 4.06%. This is in line with the industry average of 3.75%.
  • The last Return On Invested Capital (4.30%) for NSI is above the 3 year average (4.06%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA -0.94%
ROE -1.53%
ROIC 4.3%
ROA(3y)-4.29%
ROA(5y)-1.29%
ROE(3y)-6.58%
ROE(5y)-2.11%
ROIC(3y)4.06%
ROIC(5y)3.78%
NSI.AS Yearly ROA, ROE, ROICNSI.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 -20

1.3 Margins

  • NSI's Operating Margin of 70.09% is fine compared to the rest of the industry. NSI outperforms 63.41% 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 (81.65%) is better than 70.73% of its industry peers.
  • NSI's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 70.09%
PM (TTM) N/A
GM 81.65%
OM growth 3Y-0.38%
OM growth 5Y0.47%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.62%
GM growth 5Y0.74%
NSI.AS Yearly Profit, Operating, Gross MarginsNSI.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100 -100 200

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3

2. NSI.AS Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NSI is destroying value.
  • Compared to 1 year ago, NSI has more shares outstanding
  • Compared to 5 years ago, NSI has more shares outstanding
  • The debt/assets ratio for NSI is higher compared to a year ago.
NSI.AS Yearly Shares OutstandingNSI.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M
NSI.AS Yearly Total Debt VS Total AssetsNSI.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

2.2 Solvency

  • Based on the Altman-Z score of 0.23, we must say that NSI is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 0.23, NSI is not doing good in the industry: 92.68% of the companies in the same industry are doing better.
  • NSI has a debt to FCF ratio of 8.61. This is a slightly negative value and a sign of low solvency as NSI would need 8.61 years to pay back of all of its debts.
  • With an excellent Debt to FCF ratio value of 8.61, NSI belongs to the best of the industry, outperforming 95.12% of the companies in the same industry.
  • A Debt/Equity ratio of 0.50 indicates that NSI is not too dependend on debt financing.
  • NSI has a Debt to Equity ratio of 0.50. This is amongst the best in the industry. NSI outperforms 87.80% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.5
Debt/FCF 8.61
Altman-Z 0.23
ROIC/WACC0.9
WACC4.77%
NSI.AS Yearly LT Debt VS Equity VS FCFNSI.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

2.3 Liquidity

  • A Current Ratio of 0.32 indicates that NSI may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.32, NSI is in line with its industry, outperforming 43.90% of the companies in the same industry.
  • NSI has a Quick Ratio of 0.32. 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's Quick ratio of 0.32 is in line compared to the rest of the industry. NSI outperforms 46.34% of its industry peers.
Industry RankSector Rank
Current Ratio 0.32
Quick Ratio 0.32
NSI.AS Yearly Current Assets VS Current LiabilitesNSI.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

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2

3. NSI.AS Growth Analysis

3.1 Past

  • NSI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -179.52%.
  • The Revenue has been growing slightly by 1.57% in the past year.
  • The Revenue has been decreasing by -0.79% on average over the past years.
EPS 1Y (TTM)-179.52%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-126.85%
Revenue 1Y (TTM)1.57%
Revenue growth 3Y1.18%
Revenue growth 5Y-0.79%
Sales Q2Q%0.45%

3.2 Future

  • The Earnings Per Share is expected to grow by 2.26% on average over the next years.
  • Based on estimates for the next years, NSI will show a small growth in Revenue. The Revenue will grow by 1.77% on average per year.
EPS Next Y-2.8%
EPS Next 2Y-4.45%
EPS Next 3Y-1.26%
EPS Next 5Y2.26%
Revenue Next Year0.56%
Revenue Next 2Y-0.66%
Revenue Next 3Y1.77%
Revenue Next 5YN/A

3.3 Evolution

  • 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.
NSI.AS Yearly Revenue VS EstimatesNSI.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 20M 40M 60M 80M 100M
NSI.AS Yearly EPS VS EstimatesNSI.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3

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4

4. NSI.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • NSI reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • With a Price/Forward Earnings ratio of 8.49, the valuation of NSI can be described as very reasonable.
  • 90.24% of the companies in the same industry are more expensive than NSI, based on the Price/Forward Earnings ratio.
  • NSI is valuated cheaply when we compare the Price/Forward Earnings ratio to 38.00, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 8.49
NSI.AS Price Earnings VS Forward Price EarningsNSI.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20

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 92.68% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, NSI is valued a bit cheaper than 78.05% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.36
EV/EBITDA 12.21
NSI.AS Per share dataNSI.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-4.45%
EPS Next 3Y-1.26%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. NSI.AS Dividend Analysis

5.1 Amount

  • NSI has a Yearly Dividend Yield of 8.99%, which is a nice return.
  • NSI's Dividend Yield is rather good when compared to the industry average which is at 5.38. NSI pays more dividend than 90.24% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.81, NSI pays a better dividend.
Industry RankSector Rank
Dividend Yield 8.99%

5.2 History

  • The dividend of NSI decreases each year by -5.38%.
Dividend Growth(5Y)-5.38%
Div Incr Years2
Div Non Decr Years2
NSI.AS Yearly Dividends per shareNSI.AS Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • The earnings of NSI are negative and hence is the payout ratio. NSI will probably not be able to sustain this dividend level.
DP-222.94%
EPS Next 2Y-4.45%
EPS Next 3Y-1.26%
NSI.AS Yearly Income VS Free CF VS DividendNSI.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M

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NSI.AS Fundamentals: All Metrics, Ratios and Statistics

NSI NV

AMS:NSI (4/22/2026, 12:59:46 PM)

17.26

+0.1 (+0.58%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)03-11
Earnings (Next)07-14
Inst Owners18.74%
Inst Owner ChangeN/A
Ins Owners0.11%
Ins Owner ChangeN/A
Market Cap347.96M
Revenue(TTM)73.87M
Net Income(TTM)-9.79M
Analysts51.67
Price Target20.32 (17.73%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 8.99%
Yearly Dividend1.13
Dividend Growth(5Y)-5.38%
DP-222.94%
Div Incr Years2
Div Non Decr Years2
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)-8.13%
PT rev (3m)-12.82%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-2.33%
EPS NY rev (3m)-3.27%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.92%
Revenue NY rev (3m)-4.44%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 8.49
P/S 4.71
P/FCF 8.36
P/OCF 8.36
P/B 0.54
P/tB 0.54
EV/EBITDA 12.21
EPS(TTM)-0.51
EYN/A
EPS(NY)2.03
Fwd EY11.77%
FCF(TTM)2.06
FCFY11.96%
OCF(TTM)2.06
OCFY11.96%
SpS3.66
BVpS31.78
TBVpS31.78
PEG (NY)N/A
PEG (5Y)N/A
Graham Number0 (-100%)
Profitability
Industry RankSector Rank
ROA -0.94%
ROE -1.53%
ROCE 5.55%
ROIC 4.3%
ROICexc 4.44%
ROICexgc 4.44%
OM 70.09%
PM (TTM) N/A
GM 81.65%
FCFM 56.33%
ROA(3y)-4.29%
ROA(5y)-1.29%
ROE(3y)-6.58%
ROE(5y)-2.11%
ROIC(3y)4.06%
ROIC(5y)3.78%
ROICexc(3y)4.12%
ROICexc(5y)3.83%
ROICexgc(3y)4.12%
ROICexgc(5y)3.83%
ROCE(3y)5.16%
ROCE(5y)4.78%
ROICexgc growth 3Y9.15%
ROICexgc growth 5Y5.2%
ROICexc growth 3Y9.15%
ROICexc growth 5Y5.21%
OM growth 3Y-0.38%
OM growth 5Y0.47%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.62%
GM growth 5Y0.74%
F-Score5
Asset Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 0.5
Debt/FCF 8.61
Debt/EBITDA 6.07
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 5.39
Cash Conversion 79.45%
Profit Quality N/A
Current Ratio 0.32
Quick Ratio 0.32
Altman-Z 0.23
F-Score5
WACC4.77%
ROIC/WACC0.9
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-179.52%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-126.85%
EPS Next Y-2.8%
EPS Next 2Y-4.45%
EPS Next 3Y-1.26%
EPS Next 5Y2.26%
Revenue 1Y (TTM)1.57%
Revenue growth 3Y1.18%
Revenue growth 5Y-0.79%
Sales Q2Q%0.45%
Revenue Next Year0.56%
Revenue Next 2Y-0.66%
Revenue Next 3Y1.77%
Revenue Next 5YN/A
EBIT growth 1Y-1.59%
EBIT growth 3Y0.8%
EBIT growth 5Y-0.32%
EBIT Next Year-12.21%
EBIT Next 3Y-3.76%
EBIT Next 5YN/A
FCF growth 1Y4.97%
FCF growth 3Y-0.83%
FCF growth 5Y0.83%
OCF growth 1Y4.92%
OCF growth 3Y-0.94%
OCF growth 5Y0.78%

NSI NV / NSI.AS Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for NSI NV?

ChartMill assigns a fundamental rating of 3 / 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.


Can you provide the profitability details for NSI NV?

NSI NV (NSI.AS) has a profitability rating of 4 / 10.


What is the earnings growth outlook for NSI NV?

The Earnings per Share (EPS) of NSI NV (NSI.AS) is expected to decline by -2.8% in the next year.


Can you provide the dividend sustainability for NSI stock?

The dividend rating of NSI NV (NSI.AS) is 5 / 10 and the dividend payout ratio is -222.94%.