VEIDEKKE ASA (VEI.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:VEI - NO0005806802 - Common Stock
179.6 NOK
+1.4 (+0.79%)
Overall VEI gets a fundamental rating of 5 out of 10. We evaluated VEI against 43 industry peers in the Construction & Engineering industry. While VEI has a great profitability rating, there are some minor concerns on its financial health. VEI is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
- In the past year VEI was profitable.
- VEI had a positive operating cash flow in the past year.
- VEI had positive earnings in each of the past 5 years.
- VEI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- VEI has a better Return On Assets (7.11%) than 74.42% of its industry peers.
- VEI has a Return On Equity of 44.79%. This is amongst the best in the industry. VEI outperforms 86.05% of its industry peers.
- With an excellent Return On Invested Capital value of 23.53%, VEI belongs to the best of the industry, outperforming 90.70% of the companies in the same industry.
- VEI had an Average Return On Invested Capital over the past 3 years of 20.02%. This is significantly above the industry average of 11.17%.
- The 3 year average ROIC (20.02%) for VEI is below the current ROIC(23.53%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.11% | ||
| ROE | 44.79% | ||
| ROIC | 23.53% |
ROA(3y)6.25%
ROA(5y)7.26%
ROE(3y)36.63%
ROE(5y)43.49%
ROIC(3y)20.02%
ROIC(5y)18.85%
1.3 Margins
- The Profit Margin of VEI (3.18%) is worse than 62.79% of its industry peers.
- In the last couple of years the Profit Margin of VEI has grown nicely.
- VEI has a worse Operating Margin (3.92%) than 74.42% of its industry peers.
- In the last couple of years the Operating Margin of VEI has grown nicely.
- VEI has a Gross Margin of 37.19%. This is comparable to the rest of the industry: VEI outperforms 41.86% of its industry peers.
- In the last couple of years the Gross Margin of VEI has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.92% | ||
| PM (TTM) | 3.18% | ||
| GM | 37.19% |
OM growth 3Y-1.78%
OM growth 5Y14.32%
PM growth 3Y6.26%
PM growth 5Y4.12%
GM growth 3Y2.65%
GM growth 5Y1.43%
2. Health
2.1 Basic Checks
- VEI has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
- Compared to 1 year ago, VEI has about the same amount of shares outstanding.
- The number of shares outstanding for VEI remains at a similar level compared to 5 years ago.
- Compared to 1 year ago, VEI has a worse debt to assets ratio.
2.2 Solvency
- VEI has an Altman-Z score of 3.30. This indicates that VEI is financially healthy and has little risk of bankruptcy at the moment.
- With an excellent Altman-Z score value of 3.30, VEI belongs to the best of the industry, outperforming 86.05% of the companies in the same industry.
- The Debt to FCF ratio of VEI is 0.10, which is an excellent value as it means it would take VEI, only 0.10 years of fcf income to pay off all of its debts.
- Looking at the Debt to FCF ratio, with a value of 0.10, VEI belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
- VEI has a Debt/Equity ratio of 0.08. This is a healthy value indicating a solid balance between debt and equity.
- VEI has a better Debt to Equity ratio (0.08) than 90.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.1 | ||
| Altman-Z | 3.3 |
ROIC/WACC2.82
WACC8.34%
2.3 Liquidity
- A Current Ratio of 0.80 indicates that VEI may have some problems paying its short term obligations.
- VEI has a worse Current ratio (0.80) than 93.02% of its industry peers.
- VEI has a Quick Ratio of 0.80. This is a bad value and indicates that VEI is not financially healthy enough and could expect problems in meeting its short term obligations.
- The Quick ratio of VEI (0.74) is worse than 90.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.8 | ||
| Quick Ratio | 0.74 |
3. Growth
3.1 Past
- The Earnings Per Share has been growing slightly by 0.89% over the past year.
- The Earnings Per Share has been growing slightly by 6.43% on average over the past years.
- VEI shows a small growth in Revenue. In the last year, the Revenue has grown by 1.09%.
- The Revenue has been growing slightly by 2.43% on average over the past years.
EPS 1Y (TTM)0.89%
EPS 3Y9.54%
EPS 5Y6.43%
EPS Q2Q%17.65%
Revenue 1Y (TTM)1.09%
Revenue growth 3Y3.13%
Revenue growth 5Y2.43%
Sales Q2Q%10.35%
3.2 Future
- The Earnings Per Share is expected to grow by 7.45% on average over the next years.
- The Revenue is expected to grow by 5.69% on average over the next years.
EPS Next Y8.75%
EPS Next 2Y8.93%
EPS Next 3Y7.24%
EPS Next 5Y7.45%
Revenue Next Year3.79%
Revenue Next 2Y5.15%
Revenue Next 3Y4.65%
Revenue Next 5Y5.69%
3.3 Evolution
- The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
- 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.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 18.14, VEI is valued on the expensive side.
- Based on the Price/Earnings ratio, VEI is valued a bit more expensive than the industry average as 60.47% of the companies are valued more cheaply.
- When comparing the Price/Earnings ratio of VEI to the average of the S&P500 Index (27.32), we can say VEI is valued slightly cheaper.
- With a Price/Forward Earnings ratio of 16.34, VEI is valued correctly.
- Based on the Price/Forward Earnings ratio, VEI is valued a bit more expensive than 69.77% of the companies in the same industry.
- VEI's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.14 | ||
| Fwd PE | 16.34 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as VEI.
- Based on the Price/Free Cash Flow ratio, VEI is valued a bit cheaper than the industry average as 65.12% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.44 | ||
| EV/EBITDA | 7.45 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- VEI has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.07
PEG (5Y)2.82
EPS Next 2Y8.93%
EPS Next 3Y7.24%
5. Dividend
5.1 Amount
- VEI has a Yearly Dividend Yield of 4.92%, which is a nice return.
- VEI's Dividend Yield is rather good when compared to the industry average which is at 2.48. VEI pays more dividend than 86.05% of the companies in the same industry.
- VEI's Dividend Yield is rather good when compared to the S&P500 average which is at 1.86.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.92% |
5.2 History
- The dividend of VEI is nicely growing with an annual growth rate of 9.66%!
Dividend Growth(5Y)9.66%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- VEI pays out 90.00% of its income as dividend. This is not a sustainable payout ratio.
- VEI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP90%
EPS Next 2Y8.93%
EPS Next 3Y7.24%
OSL:VEI (1/22/2026, 4:19:39 PM)
179.6
+1.4 (+0.79%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)11-06 2025-11-06/bmo
Earnings (Next)02-12 2026-02-12/amc
Inst Owners37.71%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap24.24B
Revenue(TTM)42.51B
Net Income(TTM)1.35B
Analysts48
Price Target181.82 (1.24%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.92% |
Yearly Dividend7.9
Dividend Growth(5Y)9.66%
DP90%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.13%
Min EPS beat(2)3.16%
Max EPS beat(2)9.1%
EPS beat(4)3
Avg EPS beat(4)-267.46%
Min EPS beat(4)-1087.88%
Max EPS beat(4)9.1%
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)2
Avg Revenue beat(2)1.92%
Min Revenue beat(2)0.6%
Max Revenue beat(2)3.24%
Revenue beat(4)2
Avg Revenue beat(4)-0.25%
Min Revenue beat(4)-4.59%
Max Revenue beat(4)3.24%
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)7.06%
PT rev (3m)7.54%
EPS NQ rev (1m)-3.68%
EPS NQ rev (3m)-4.36%
EPS NY rev (1m)0%
EPS NY rev (3m)0.66%
Revenue NQ rev (1m)1.03%
Revenue NQ rev (3m)0.07%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.14 | ||
| Fwd PE | 16.34 | ||
| P/S | 0.57 | ||
| P/FCF | 10.44 | ||
| P/OCF | 8.14 | ||
| P/B | 8.04 | ||
| P/tB | 57.71 | ||
| EV/EBITDA | 7.45 |
EPS(TTM)9.9
EY5.51%
EPS(NY)10.99
Fwd EY6.12%
FCF(TTM)17.21
FCFY9.58%
OCF(TTM)22.07
OCFY12.29%
SpS314.96
BVpS22.33
TBVpS3.11
PEG (NY)2.07
PEG (5Y)2.82
Graham Number70.53
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.11% | ||
| ROE | 44.79% | ||
| ROCE | 29.41% | ||
| ROIC | 23.53% | ||
| ROICexc | 44.54% | ||
| ROICexgc | 334.12% | ||
| OM | 3.92% | ||
| PM (TTM) | 3.18% | ||
| GM | 37.19% | ||
| FCFM | 5.46% |
ROA(3y)6.25%
ROA(5y)7.26%
ROE(3y)36.63%
ROE(5y)43.49%
ROIC(3y)20.02%
ROIC(5y)18.85%
ROICexc(3y)44.25%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)25.02%
ROCE(5y)23.56%
ROICexgc growth 3YN/A
ROICexgc growth 5Y100.05%
ROICexc growth 3YN/A
ROICexc growth 5Y50.39%
OM growth 3Y-1.78%
OM growth 5Y14.32%
PM growth 3Y6.26%
PM growth 5Y4.12%
GM growth 3Y2.65%
GM growth 5Y1.43%
F-Score5
Asset Turnover2.24
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.1 | ||
| Debt/EBITDA | 0.08 | ||
| Cap/Depr | 56.88% | ||
| Cap/Sales | 1.55% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 105.6% | ||
| Profit Quality | 172% | ||
| Current Ratio | 0.8 | ||
| Quick Ratio | 0.74 | ||
| Altman-Z | 3.3 |
F-Score5
WACC8.34%
ROIC/WACC2.82
Cap/Depr(3y)86.37%
Cap/Depr(5y)89.78%
Cap/Sales(3y)2.15%
Cap/Sales(5y)2.21%
Profit Quality(3y)115.69%
Profit Quality(5y)141.1%
High Growth Momentum
Growth
EPS 1Y (TTM)0.89%
EPS 3Y9.54%
EPS 5Y6.43%
EPS Q2Q%17.65%
EPS Next Y8.75%
EPS Next 2Y8.93%
EPS Next 3Y7.24%
EPS Next 5Y7.45%
Revenue 1Y (TTM)1.09%
Revenue growth 3Y3.13%
Revenue growth 5Y2.43%
Sales Q2Q%10.35%
Revenue Next Year3.79%
Revenue Next 2Y5.15%
Revenue Next 3Y4.65%
Revenue Next 5Y5.69%
EBIT growth 1Y3.93%
EBIT growth 3Y1.29%
EBIT growth 5Y17.1%
EBIT Next Year82.79%
EBIT Next 3Y27.3%
EBIT Next 5Y21.16%
FCF growth 1Y118.85%
FCF growth 3Y3.8%
FCF growth 5Y17.06%
OCF growth 1Y49.4%
OCF growth 3Y0.47%
OCF growth 5Y9.79%
VEIDEKKE ASA / VEI.OL FAQ
Can you provide the ChartMill fundamental rating for VEIDEKKE ASA?
ChartMill assigns a fundamental rating of 5 / 10 to VEI.OL.
Can you provide the valuation status for VEIDEKKE ASA?
ChartMill assigns a valuation rating of 3 / 10 to VEIDEKKE ASA (VEI.OL). This can be considered as Overvalued.
How profitable is VEIDEKKE ASA (VEI.OL) stock?
VEIDEKKE ASA (VEI.OL) has a profitability rating of 7 / 10.
What is the financial health of VEIDEKKE ASA (VEI.OL) stock?
The financial health rating of VEIDEKKE ASA (VEI.OL) is 6 / 10.
Can you provide the expected EPS growth for VEI stock?
The Earnings per Share (EPS) of VEIDEKKE ASA (VEI.OL) is expected to grow by 8.75% in the next year.