VEIDEKKE ASA (VEI.OL) Stock Fundamental Analysis
Europe - OSL:VEI - NO0005806802 - Common Stock
154.4 NOK
-3 (-1.91%)
We assign a fundamental rating of 5 out of 10 to VEI. VEI was compared to 46 industry peers in the Construction & Engineering industry. VEI has an excellent profitability rating, but there are some minor concerns on its financial health. VEI has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
VEI had positive earnings in the past year.
VEI had a positive operating cash flow in the past year.
In the past 5 years VEI has always been profitable.
VEI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 6.94%, VEI is in the better half of the industry, outperforming 71.74% of the companies in the same industry.
VEI has a better Return On Equity (51.36%) than 89.13% of its industry peers.
VEI has a better Return On Invested Capital (23.49%) than 89.13% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for VEI is significantly above the industry average of 11.79%.
The last Return On Invested Capital (23.49%) for VEI is above the 3 year average (20.02%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.94% | ||
| ROE | 51.36% | ||
| ROIC | 23.49% |
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
VEI has a worse Profit Margin (3.06%) than 60.87% of its industry peers.
VEI's Profit Margin has improved in the last couple of years.
VEI's Operating Margin of 3.71% is on the low side compared to the rest of the industry. VEI is outperformed by 71.74% of its industry peers.
VEI's Operating Margin has improved in the last couple of years.
VEI has a Gross Margin (38.09%) which is comparable to the rest of the industry.
VEI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.71% | ||
| PM (TTM) | 3.06% | ||
| GM | 38.09% |
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 3.22. This indicates that VEI is financially healthy and has little risk of bankruptcy at the moment.
VEI has a better Altman-Z score (3.22) than 86.96% of its industry peers.
VEI has a debt to FCF ratio of 0.20. This is a very positive value and a sign of high solvency as it would only need 0.20 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 0.20, VEI belongs to the best of the industry, outperforming 97.83% of the companies in the same industry.
A Debt/Equity ratio of 0.14 indicates that VEI is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.14, VEI is doing good in the industry, outperforming 76.09% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | 0.2 | ||
| Altman-Z | 3.22 |
ROIC/WACC2.83
WACC8.31%
2.3 Liquidity
VEI has a Current Ratio of 0.76. This is a bad value and indicates that VEI is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.76, VEI is not doing good in the industry: 91.30% of the companies in the same industry are doing better.
VEI has a Quick Ratio of 0.76. This is a bad value and indicates that VEI is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.69, VEI is not doing good in the industry: 86.96% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.76 | ||
| Quick Ratio | 0.69 |
3. Growth
3.1 Past
The earnings per share for VEI have decreased by -4.31% in the last year.
VEI shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.43% yearly.
VEI shows a decrease in Revenue. In the last year, the revenue decreased by -2.97%.
Measured over the past years, VEI shows a small growth in Revenue. The Revenue has been growing by 2.43% on average per year.
EPS 1Y (TTM)-4.31%
EPS 3Y9.54%
EPS 5Y6.43%
EPS Q2Q%7.41%
Revenue 1Y (TTM)-2.97%
Revenue growth 3Y3.13%
Revenue growth 5Y2.43%
Sales Q2Q%5.07%
3.2 Future
The Earnings Per Share is expected to grow by 6.22% on average over the next years.
VEI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.05% yearly.
EPS Next Y8.04%
EPS Next 2Y8.01%
EPS Next 3Y6.22%
EPS Next 5YN/A
Revenue Next Year4.01%
Revenue Next 2Y4.89%
Revenue Next 3Y4.05%
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 stable.
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 16.60, VEI is valued correctly.
60.87% of the companies in the same industry are cheaper than VEI, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.03. VEI is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 14.29 indicates a correct valuation of VEI.
VEI's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. VEI is more expensive than 60.87% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.27, VEI is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.6 | ||
| Fwd PE | 14.29 |
4.2 Price Multiples
VEI's Enterprise Value to EBITDA is on the same level as the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as VEI.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.81 | ||
| EV/EBITDA | 7.49 |
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)2.06
PEG (5Y)2.58
EPS Next 2Y8.01%
EPS Next 3Y6.22%
5. Dividend
5.1 Amount
VEI has a Yearly Dividend Yield of 5.73%, which is a nice return.
Compared to an average industry Dividend Yield of 3.64, VEI pays a better dividend. On top of this VEI pays more dividend than 93.48% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, VEI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.73% |
5.2 History
On average, the dividend of VEI grows each year by 9.66%, which is quite nice.
Dividend Growth(5Y)9.66%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
95.74% of the earnings are spent on dividend by VEI. This is not a sustainable payout ratio.
The dividend of VEI is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP95.74%
EPS Next 2Y8.01%
EPS Next 3Y6.22%
OSL:VEI (11/4/2025, 7:00:00 PM)
154.4
-3 (-1.91%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners41.48%
Inst Owner ChangeN/A
Ins Owners0.13%
Ins Owner ChangeN/A
Market Cap20.84B
Revenue(TTM)41.51B
Net Income(TTM)1.27B
Analysts46
Price Target169.07 (9.5%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.73% |
Yearly Dividend7.9
Dividend Growth(5Y)9.66%
DP95.74%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-542.36%
Min EPS beat(2)-1087.88%
Max EPS beat(2)3.16%
EPS beat(4)2
Avg EPS beat(4)-269.87%
Min EPS beat(4)-1087.88%
Max EPS beat(4)5.79%
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)-2%
Min Revenue beat(2)-4.59%
Max Revenue beat(2)0.6%
Revenue beat(4)1
Avg Revenue beat(4)-2.27%
Min Revenue beat(4)-4.81%
Max Revenue beat(4)0.6%
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)2.31%
PT rev (3m)4.08%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.45%
EPS NY rev (1m)0%
EPS NY rev (3m)0.74%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.86%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.6 | ||
| Fwd PE | 14.29 | ||
| P/S | 0.5 | ||
| P/FCF | 10.81 | ||
| P/OCF | 8.36 | ||
| P/B | 8.43 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7.49 |
EPS(TTM)9.3
EY6.02%
EPS(NY)10.8
Fwd EY7%
FCF(TTM)14.28
FCFY9.25%
OCF(TTM)18.48
OCFY11.97%
SpS307.56
BVpS18.31
TBVpS-0.8
PEG (NY)2.06
PEG (5Y)2.58
Graham Number61.9
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.94% | ||
| ROE | 51.36% | ||
| ROCE | 29.35% | ||
| ROIC | 23.49% | ||
| ROICexc | 31.14% | ||
| ROICexgc | 89.22% | ||
| OM | 3.71% | ||
| PM (TTM) | 3.06% | ||
| GM | 38.09% | ||
| FCFM | 4.64% |
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 Turnover2.27
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | 0.2 | ||
| Debt/EBITDA | 0.13 | ||
| Cap/Depr | 50.4% | ||
| Cap/Sales | 1.37% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 93.51% | ||
| Profit Quality | 151.85% | ||
| Current Ratio | 0.76 | ||
| Quick Ratio | 0.69 | ||
| Altman-Z | 3.22 |
F-Score5
WACC8.31%
ROIC/WACC2.83
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)-4.31%
EPS 3Y9.54%
EPS 5Y6.43%
EPS Q2Q%7.41%
EPS Next Y8.04%
EPS Next 2Y8.01%
EPS Next 3Y6.22%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.97%
Revenue growth 3Y3.13%
Revenue growth 5Y2.43%
Sales Q2Q%5.07%
Revenue Next Year4.01%
Revenue Next 2Y4.89%
Revenue Next 3Y4.05%
Revenue Next 5YN/A
EBIT growth 1Y-4.7%
EBIT growth 3Y1.29%
EBIT growth 5Y17.1%
EBIT Next Year79.21%
EBIT Next 3Y25.32%
EBIT Next 5YN/A
FCF growth 1Y95.83%
FCF growth 3Y3.8%
FCF growth 5Y17.06%
OCF growth 1Y32.66%
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.
What is the valuation status of VEIDEKKE ASA (VEI.OL) stock?
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.
Can you provide the PE and PB ratios for VEI stock?
The Price/Earnings (PE) ratio for VEIDEKKE ASA (VEI.OL) is 16.6 and the Price/Book (PB) ratio is 8.43.
How financially healthy is VEIDEKKE ASA?
The financial health rating of VEIDEKKE ASA (VEI.OL) is 5 / 10.