NSI NV (NSI.AS) Stock Fundamental Analysis

Europe • Euronext Amsterdam • AMS:NSI • NL0012365084

18.92 EUR
+0.26 (+1.39%)
Last: Feb 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Overall NSI gets a fundamental rating of 4 out of 10. We evaluated NSI against 42 industry peers in the Diversified REITs industry. There are concerns on the financial health of NSI while its profitability can be described as average. NSI is not valued too expensively and it also shows a decent growth rate. NSI also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year NSI was profitable.
  • 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.
  • NSI had a positive operating cash flow in each of the past 5 years.
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 0 100M -100M

1.2 Ratios

  • The Return On Assets of NSI (0.20%) is worse than 71.43% of its industry peers.
  • Looking at the Return On Equity, with a value of 0.32%, NSI is doing worse than 71.43% of the companies in the same industry.
  • NSI has a better Return On Invested Capital (4.34%) than 78.57% of its industry peers.
  • NSI had an Average Return On Invested Capital over the past 3 years of 3.76%. This is in line with the industry average of 3.37%.
  • The 3 year average ROIC (3.76%) for NSI is below the current ROIC(4.34%), indicating increased profibility in the last year.
Industry RankSector 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%
NSI.AS Yearly ROA, ROE, ROICNSI.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 -20

1.3 Margins

  • NSI has a worse Profit Margin (2.88%) than 71.43% of its industry peers.
  • NSI's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 73.28%, NSI is in the better half of the industry, outperforming 61.90% of the companies in the same industry.
  • NSI's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of NSI (84.44%) is better than 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 RankSector 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%
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 0 100 -100 200

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NSI is destroying value.
  • NSI has less shares outstanding than it did 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.
NSI.AS Yearly Shares OutstandingNSI.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 200M 400M 600M 800M 1B

2.2 Solvency

  • NSI has an Altman-Z score of 0.29. This is a bad value and indicates that NSI is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.29, NSI is doing worse than 90.48% of the companies in the same industry.
  • 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.
  • Looking at the Debt to FCF ratio, with a value of 9.88, NSI belongs to the top of the industry, outperforming 80.95% of the companies in the same industry.
  • A Debt/Equity ratio of 0.51 indicates that NSI is somewhat dependend on debt financing.
  • NSI has a Debt to Equity ratio of 0.51. This is in the better half of the industry: NSI outperforms 78.57% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.51
Debt/FCF 9.88
Altman-Z 0.29
ROIC/WACC0.82
WACC5.27%
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 200M 400M 600M 800M

2.3 Liquidity

  • A Current Ratio of 0.36 indicates that NSI may have some problems paying its short term obligations.
  • The Current ratio of NSI (0.36) is comparable to the rest of the industry.
  • A Quick Ratio of 0.36 indicates that NSI may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.36, NSI is in line with its industry, outperforming 50.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.36
Quick Ratio 0.36
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 100M 200M 300M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

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.
  • The Revenue has been decreasing by -2.57% on average over the past years.
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

  • NSI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 2.47% yearly.
  • NSI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.99% yearly.
EPS Next Y5.43%
EPS Next 2Y2.43%
EPS Next 3Y0.75%
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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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 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. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 172.00, which means the current valuation is very expensive for NSI.
  • 73.81% of the companies in the same industry are cheaper than NSI, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 27.92. NSI is valued rather expensively when compared to this.
  • With a Price/Forward Earnings ratio of 9.09, 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 85.71% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.78, NSI is valued rather cheaply.
Industry RankSector Rank
PE 172
Fwd PE 9.09
NSI.AS Price Earnings VS Forward Price EarningsNSI.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150

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 88.10% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of NSI indicates a somewhat cheap valuation: NSI is cheaper than 73.81% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 10.02
EV/EBITDA 12.48
NSI.AS Per share dataNSI.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

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)31.66
PEG (5Y)N/A
EPS Next 2Y2.43%
EPS Next 3Y0.75%

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

7

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 8.39%, NSI is a good candidate for dividend investing.
  • NSI's Dividend Yield is rather good when compared to the industry average which is at 5.30. NSI pays more dividend than 88.10% of the companies in the same industry.
  • NSI's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
Industry RankSector Rank
Dividend Yield 8.39%

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
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

  • 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 2Y2.43%
EPS Next 3Y0.75%
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 0 100M -100M
NSI.AS Dividend Payout.NSI.AS Dividend Payout, showing the Payout Ratio.NSI.AS Dividend Payout.PayoutRetained Earnings

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NSI NV

AMS:NSI (2/6/2026, 7:00:00 PM)

18.92

+0.26 (+1.39%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)01-28
Earnings (Next)07-14
Inst Owners21.17%
Inst Owner ChangeN/A
Ins Owners0.11%
Ins Owner ChangeN/A
Market Cap381.43M
Revenue(TTM)73.71M
Net Income(TTM)2.12M
Analysts74
Price Target23.31 (23.2%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 8.39%
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)-2.42%
PT rev (3m)-3.79%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.67%
EPS NY rev (3m)-0.48%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.66%
Valuation
Industry RankSector Rank
PE 172
Fwd PE 9.09
P/S 5.17
P/FCF 10.02
P/OCF 10.02
P/B 0.58
P/tB 0.58
EV/EBITDA 12.48
EPS(TTM)0.11
EY0.58%
EPS(NY)2.08
Fwd EY11%
FCF(TTM)1.89
FCFY9.98%
OCF(TTM)1.89
OCFY9.98%
SpS3.66
BVpS32.64
TBVpS32.63
PEG (NY)31.66
PEG (5Y)N/A
Graham Number8.99
Profitability
Industry RankSector 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 RankSector 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 0.29
F-Score8
WACC5.27%
ROIC/WACC0.82
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 Y5.43%
EPS Next 2Y2.43%
EPS Next 3Y0.75%
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 172 and the Price/Book (PB) ratio is 0.58.


How financially healthy is NSI NV?

The financial health rating of NSI NV (NSI.AS) is 3 / 10.