VEIDEKKE ASA (VEI.OL) Fundamental Analysis & Valuation

OSL:VEI • NO0005806802

Current stock price

184.4 NOK
-5.6 (-2.95%)
Last:

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

5

1. VEI.OL Profitability Analysis

1.1 Basic Checks

  • In the past year VEI was profitable.
  • In the past year VEI had a positive cash flow from operations.
  • Each year in the past 5 years VEI has been profitable.
  • In the past 5 years VEI always reported a positive cash flow from operatings.
VEI.OL Yearly Net Income VS EBIT VS OCF VS FCFVEI.OL 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 1B 2B 3B 4B 5B

1.2 Ratios

  • With a decent Return On Assets value of 7.90%, VEI is doing good in the industry, outperforming 80.00% of the companies in the same industry.
  • VEI has a better Return On Equity (42.20%) than 88.89% of its industry peers.
  • With an excellent Return On Invested Capital value of 24.89%, VEI belongs to the best of the industry, outperforming 91.11% of the companies in the same industry.
Industry RankSector Rank
ROA 7.9%
ROE 42.2%
ROIC 24.89%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
VEI.OL Yearly ROA, ROE, ROICVEI.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

1.3 Margins

  • VEI's Profit Margin of 3.60% is in line compared to the rest of the industry. VEI outperforms 44.44% of its industry peers.
  • VEI's Profit Margin has declined in the last couple of years.
  • With a Operating Margin value of 4.58%, VEI is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
  • VEI's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 4.58%
PM (TTM) 3.6%
GM N/A
OM growth 3Y5.9%
OM growth 5Y7.63%
PM growth 3Y8.42%
PM growth 5Y-8.22%
GM growth 3YN/A
GM growth 5YN/A
VEI.OL Yearly Profit, Operating, Gross MarginsVEI.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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4

2. VEI.OL Health Analysis

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.
  • There is no outstanding debt for VEI. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
VEI.OL Yearly Shares OutstandingVEI.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
VEI.OL Yearly Total Debt VS Total AssetsVEI.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

2.2 Solvency

  • VEI has a debt to FCF ratio of 0.10. This is a very positive value and a sign of high solvency as it would only need 0.10 years to pay back of all of its debts.
  • The Debt to FCF ratio of VEI (0.10) is better than 100.00% of its industry peers.
  • VEI has a Debt/Equity ratio of 0.04. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of VEI (0.04) is better than 95.56% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF 0.1
Altman-Z N/A
ROIC/WACC2.95
WACC8.43%
VEI.OL Yearly LT Debt VS Equity VS FCFVEI.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B 4B

2.3 Liquidity

  • VEI has a Current Ratio of 0.84. This is a bad value and indicates that VEI is not financially healthy enough and could expect problems in meeting its short term obligations.
  • VEI has a Current ratio of 0.84. This is amonst the worse of the industry: VEI underperforms 93.33% of its industry peers.
  • A Quick Ratio of 0.78 indicates that VEI may have some problems paying its short term obligations.
  • VEI's Quick ratio of 0.78 is on the low side compared to the rest of the industry. VEI is outperformed by 88.89% of its industry peers.
Industry RankSector Rank
Current Ratio 0.84
Quick Ratio 0.78
VEI.OL Yearly Current Assets VS Current LiabilitesVEI.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

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

5

3. VEI.OL Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 22.58% over the past year.
  • The Earnings Per Share has been decreasing by -6.08% on average over the past years.
  • The Revenue has been growing slightly by 4.20% in the past year.
  • VEI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.50% yearly.
EPS 1Y (TTM)22.58%
EPS 3Y11.19%
EPS 5Y-6.08%
EPS Q2Q%46.88%
Revenue 1Y (TTM)4.2%
Revenue growth 3Y3.73%
Revenue growth 5Y2.5%
Sales Q2Q%5.53%

3.2 Future

  • Based on estimates for the next years, VEI will show a small growth in Earnings Per Share. The EPS will grow by 4.34% on average per year.
  • The Revenue is expected to grow by 4.83% on average over the next years.
EPS Next Y4.39%
EPS Next 2Y4.45%
EPS Next 3Y4.34%
EPS Next 5YN/A
Revenue Next Year6.73%
Revenue Next 2Y5.56%
Revenue Next 3Y4.83%
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.
  • 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.
VEI.OL Yearly Revenue VS EstimatesVEI.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 10B 20B 30B 40B 50B
VEI.OL Yearly EPS VS EstimatesVEI.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5 10 15

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3

4. VEI.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 16.18, which indicates a correct valuation of VEI.
  • Based on the Price/Earnings ratio, VEI is valued a bit more expensive than the industry average as 62.22% of the companies are valued more cheaply.
  • When comparing the Price/Earnings ratio of VEI to the average of the S&P500 Index (25.23), we can say VEI is valued slightly cheaper.
  • A Price/Forward Earnings ratio of 15.50 indicates a correct valuation of VEI.
  • 68.89% of the companies in the same industry are cheaper than VEI, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.51, VEI is valued a bit cheaper.
Industry RankSector Rank
PE 16.18
Fwd PE 15.5
VEI.OL Price Earnings VS Forward Price EarningsVEI.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

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 75.56% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.61
EV/EBITDA 6.63
VEI.OL Per share dataVEI.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 100 200 300

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)3.69
PEG (5Y)N/A
EPS Next 2Y4.45%
EPS Next 3Y4.34%

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

7

5. VEI.OL Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 5.80%, VEI is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 2.44, VEI pays a better dividend. On top of this VEI pays more dividend than 95.56% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.90, VEI pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.8%

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

  • 78.24% of the earnings are spent on dividend by VEI. This is not a sustainable payout ratio.
  • VEI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP78.24%
EPS Next 2Y4.45%
EPS Next 3Y4.34%
VEI.OL Yearly Income VS Free CF VS DividendVEI.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B 4B
VEI.OL Dividend Payout.VEI.OL Dividend Payout, showing the Payout Ratio.VEI.OL Dividend Payout.PayoutRetained Earnings

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VEI.OL Fundamentals: All Metrics, Ratios and Statistics

VEIDEKKE ASA

OSL:VEI (3/27/2026, 4:19:52 PM)

184.4

-5.6 (-2.95%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)02-12
Earnings (Next)05-07
Inst Owners37.61%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap24.89B
Revenue(TTM)43.14B
Net Income(TTM)1.55B
Analysts46
Price Target193.55 (4.96%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.8%
Yearly Dividend7.9
Dividend Growth(5Y)9.66%
DP78.24%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)21.54%
Min EPS beat(2)9.1%
Max EPS beat(2)33.98%
EPS beat(4)3
Avg EPS beat(4)-260.41%
Min EPS beat(4)-1087.88%
Max EPS beat(4)33.98%
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)1
Avg Revenue beat(2)1.32%
Min Revenue beat(2)-0.59%
Max Revenue beat(2)3.24%
Revenue beat(4)2
Avg Revenue beat(4)-0.34%
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)6.45%
PT rev (3m)13.96%
EPS NQ rev (1m)138.89%
EPS NQ rev (3m)N/A
EPS NY rev (1m)6.58%
EPS NY rev (3m)8.3%
Revenue NQ rev (1m)-1.73%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.55%
Revenue NY rev (3m)0.55%
Valuation
Industry RankSector Rank
PE 16.18
Fwd PE 15.5
P/S 0.58
P/FCF 8.61
P/OCF 7.56
P/B 6.76
P/tB 23.46
EV/EBITDA 6.63
EPS(TTM)11.4
EY6.18%
EPS(NY)11.9
Fwd EY6.45%
FCF(TTM)21.42
FCFY11.62%
OCF(TTM)24.38
OCFY13.22%
SpS319.67
BVpS27.27
TBVpS7.86
PEG (NY)3.69
PEG (5Y)N/A
Graham Number83.63
Profitability
Industry RankSector Rank
ROA 7.9%
ROE 42.2%
ROCE 31.22%
ROIC 24.89%
ROICexc 68.87%
ROICexgc N/A
OM 4.58%
PM (TTM) 3.6%
GM N/A
FCFM 6.7%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y5.9%
OM growth 5Y7.63%
PM growth 3Y8.42%
PM growth 5Y-8.22%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover2.2
Health
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF 0.1
Debt/EBITDA 0.05
Cap/Depr 36.11%
Cap/Sales 0.92%
Interest Coverage 250
Cash Conversion 106.78%
Profit Quality 186.16%
Current Ratio 0.84
Quick Ratio 0.78
Altman-Z N/A
F-Score7
WACC8.43%
ROIC/WACC2.95
Cap/Depr(3y)59.93%
Cap/Depr(5y)77.02%
Cap/Sales(3y)1.52%
Cap/Sales(5y)1.91%
Profit Quality(3y)167.82%
Profit Quality(5y)135.21%
High Growth Momentum
Growth
EPS 1Y (TTM)22.58%
EPS 3Y11.19%
EPS 5Y-6.08%
EPS Q2Q%46.88%
EPS Next Y4.39%
EPS Next 2Y4.45%
EPS Next 3Y4.34%
EPS Next 5YN/A
Revenue 1Y (TTM)4.2%
Revenue growth 3Y3.73%
Revenue growth 5Y2.5%
Sales Q2Q%5.53%
Revenue Next Year6.73%
Revenue Next 2Y5.56%
Revenue Next 3Y4.83%
Revenue Next 5YN/A
EBIT growth 1Y30.26%
EBIT growth 3Y9.85%
EBIT growth 5Y10.31%
EBIT Next Year79.13%
EBIT Next 3Y23.89%
EBIT Next 5YN/A
FCF growth 1Y88.95%
FCF growth 3Y107.2%
FCF growth 5Y-8.65%
OCF growth 1Y47.87%
OCF growth 3Y32.67%
OCF growth 5Y-9.61%

VEIDEKKE ASA / VEI.OL Fundamental Analysis 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 5 / 10.


What is the financial health of VEIDEKKE ASA (VEI.OL) stock?

The financial health rating of VEIDEKKE ASA (VEI.OL) is 4 / 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 4.39% in the next year.