NSI NV (NSI.AS) Stock Fundamental Analysis
Europe - AMS:NSI - NL0012365084 - REIT
20.5 EUR
+0.05 (+0.24%)
Taking everything into account, NSI scores 4 out of 10 in our fundamental rating. NSI was compared to 39 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 is quite expensive at the moment. It does show a decent growth rate. NSI also has an excellent dividend rating.
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
NSI has a Return On Assets of 0.20%. This is in the lower half of the industry: NSI underperforms 74.36% of its industry peers.
NSI has a worse Return On Equity (0.32%) than 74.36% of its industry peers.
NSI has a better Return On Invested Capital (4.32%) than 79.49% 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 3.49%.
The last Return On Invested Capital (4.32%) for NSI is above the 3 year average (3.76%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.2% | ||
| ROE | 0.32% | ||
| ROIC | 4.32% |
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 74.36% of its industry peers.
In the last couple of years the Profit Margin of NSI has declined.
NSI has a Operating Margin (72.96%) which is in line with 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 69.23% of its industry peers.
NSI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 72.96% | ||
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NSI is destroying value.
The number of shares outstanding for NSI has been reduced compared to 1 year ago.
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 0.34, we must say that NSI is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.34, NSI is not doing good in the industry: 87.18% of the companies in the same industry are doing better.
NSI has a debt to FCF ratio of 9.89. This is a negative value and a sign of low solvency as NSI would need 9.89 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 9.89, NSI is doing good in the industry, outperforming 76.92% of the companies in the same industry.
A Debt/Equity ratio of 0.51 indicates that NSI is somewhat dependend on debt financing.
The Debt to Equity ratio of NSI (0.51) is better than 79.49% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 9.89 | ||
| Altman-Z | 0.34 |
ROIC/WACC0.8
WACC5.41%
2.3 Liquidity
A Current Ratio of 0.36 indicates that NSI may have some problems paying its short term obligations.
With a Current ratio value of 0.36, NSI perfoms like the industry average, outperforming 41.03% of the companies in the same 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.
NSI has a Quick ratio (0.36) which is comparable to the rest of the 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 105.33% over the past year.
NSI shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -42.97% yearly.
Looking at the last year, NSI shows a small growth in Revenue. The Revenue has grown by 2.61% in the last year.
The Revenue has been decreasing by -2.57% on average over the past years.
EPS 1Y (TTM)105.33%
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
The Earnings Per Share is expected to grow by 2.47% on average over the next years.
The Revenue is expected to grow by 2.67% on average over the next years.
EPS Next Y5.94%
EPS Next 2Y2.87%
EPS Next 3Y2.83%
EPS Next 5Y2.47%
Revenue Next Year1.86%
Revenue Next 2Y2%
Revenue Next 3Y2.67%
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
Based on the Price/Earnings ratio of 186.36, the valuation of NSI can be described as expensive.
Based on the Price/Earnings ratio, NSI is valued a bit more expensive than 76.92% of the companies in the same industry.
NSI's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.29.
Based on the Price/Forward Earnings ratio of 9.77, the valuation of NSI can be described as reasonable.
NSI's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. NSI is cheaper than 76.92% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.85. NSI is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 186.36 | ||
| Fwd PE | 9.77 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NSI is valued cheaply inside the industry as 82.05% of the companies are valued more expensively.
The rest of the industry has a similar Price/Free Cash Flow ratio as NSI.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.87 | ||
| EV/EBITDA | 13.19 |
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)31.36
PEG (5Y)N/A
EPS Next 2Y2.87%
EPS Next 3Y2.83%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.60%, NSI is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.56, NSI pays a better dividend. On top of this NSI pays more dividend than 89.74% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, NSI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.6% |
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
NSI pays out 1096.70% of its income as dividend. This is not a sustainable payout ratio.
NSI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP1096.7%
EPS Next 2Y2.87%
EPS Next 3Y2.83%
AMS:NSI (10/17/2025, 4:42:39 PM)
20.5
+0.05 (+0.24%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners23.59%
Inst Owner ChangeN/A
Ins Owners0.11%
Ins Owner ChangeN/A
Market Cap413.28M
Analysts74
Price Target24.31 (18.59%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.6% |
Yearly Dividend1.52
Dividend Growth(5Y)1.68%
DP1096.7%
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)2.14%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)4%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.95%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 186.36 | ||
| Fwd PE | 9.77 | ||
| P/S | 5.61 | ||
| P/FCF | 10.87 | ||
| P/OCF | 10.87 | ||
| P/B | 0.63 | ||
| P/tB | 0.63 | ||
| EV/EBITDA | 13.19 |
EPS(TTM)0.11
EY0.54%
EPS(NY)2.1
Fwd EY10.24%
FCF(TTM)1.89
FCFY9.2%
OCF(TTM)1.89
OCFY9.2%
SpS3.66
BVpS32.64
TBVpS32.63
PEG (NY)31.36
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.2% | ||
| ROE | 0.32% | ||
| ROCE | 5.58% | ||
| ROIC | 4.32% | ||
| ROICexc | 4.47% | ||
| ROICexgc | 4.47% | ||
| OM | 72.96% | ||
| PM (TTM) | 2.88% | ||
| GM | 84.44% | ||
| FCFM | 51.56% |
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 | 9.89 | ||
| Debt/EBITDA | 6.17 | ||
| Cap/Depr | 2.39% | ||
| Cap/Sales | 0.02% | ||
| Interest Coverage | 4.18 | ||
| Cash Conversion | 69.93% | ||
| Profit Quality | 1791.8% | ||
| Current Ratio | 0.36 | ||
| Quick Ratio | 0.36 | ||
| Altman-Z | 0.34 |
F-Score8
WACC5.41%
ROIC/WACC0.8
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)105.33%
EPS 3Y-53.3%
EPS 5Y-42.97%
EPS Q2Q%-349.17%
EPS Next Y5.94%
EPS Next 2Y2.87%
EPS Next 3Y2.83%
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 Year1.86%
Revenue Next 2Y2%
Revenue Next 3Y2.67%
Revenue Next 5YN/A
EBIT growth 1Y10.28%
EBIT growth 3Y-1.76%
EBIT growth 5Y-1.89%
EBIT Next Year20.22%
EBIT Next 3Y10.54%
EBIT Next 5YN/A
FCF growth 1Y-17.64%
FCF growth 3Y3.11%
FCF growth 5Y0.25%
OCF growth 1Y-17.66%
OCF growth 3Y2.4%
OCF growth 5Y0.22%