VEIDEKKE ASA (VEI.OL) Stock Fundamental Analysis
Europe • Euronext Oslo • OSL:VEI • NO0005806802
177.8 NOK
+1.2 (+0.68%)
Last: Jan 30, 2026, 07:00 PM
Taking everything into account, VEI scores 6 out of 10 in our fundamental rating. VEI was compared to 42 industry peers in the Construction & Engineering industry. While VEI belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. VEI has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- In the past year VEI was profitable.
- In the past year VEI had a positive cash flow from operations.
- In the past 5 years VEI has always been profitable.
- In the past 5 years VEI always reported a positive cash flow from operatings.
1.2 Ratios
- Looking at the Return On Assets, with a value of 7.11%, VEI is in the better half of the industry, outperforming 75.56% of the companies in the same industry.
- VEI's Return On Equity of 44.79% is amongst the best of the industry. VEI outperforms 84.44% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 23.53%, VEI belongs to the top of the industry, outperforming 88.89% 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 11.33%.
- The last Return On Invested Capital (23.53%) for VEI is above the 3 year average (20.02%), which is a sign of increasing profitability.
| 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
- VEI has a worse Profit Margin (3.18%) than 60.00% of its industry peers.
- In the last couple of years the Profit Margin of VEI has grown nicely.
- VEI has a Operating Margin of 3.92%. This is in the lower half of the industry: VEI underperforms 71.11% of its industry peers.
- In the last couple of years the Operating Margin of VEI has grown nicely.
- VEI has a Gross Margin (37.19%) which is comparable to the rest of the industry.
- 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
- An Altman-Z score of 3.30 indicates that VEI is not in any danger for bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 3.30, VEI belongs to the top of the industry, outperforming 86.67% of the companies in the same industry.
- 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.
- With an excellent Debt to FCF ratio value of 0.10, VEI belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
- A Debt/Equity ratio of 0.08 indicates that VEI is not too dependend on debt financing.
- VEI has a better Debt to Equity ratio (0.08) than 88.89% 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.
- The Current ratio of VEI (0.80) is worse than 91.11% 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.
- Looking at the Quick ratio, with a value of 0.74, VEI is doing worse than 86.67% of the companies in the same industry.
| 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.
- Measured over the past 5 years, VEI shows a small growth in Earnings Per Share. The EPS has been growing by 6.43% on average per year.
- VEI shows a small growth in Revenue. In the last year, the Revenue has grown by 1.09%.
- 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)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
- VEI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.45% yearly.
- The Revenue is expected to grow by 5.69% on average over the next years.
EPS Next Y11.34%
EPS Next 2Y9.8%
EPS Next 3Y8.02%
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
- The Price/Earnings ratio is 17.96, which indicates a rather expensive current valuation of VEI.
- Compared to the rest of the industry, the Price/Earnings ratio of VEI is on the same level as its industry peers.
- When comparing the Price/Earnings ratio of VEI to the average of the S&P500 Index (28.32), we can say VEI is valued slightly cheaper.
- VEI is valuated correctly with a Price/Forward Earnings ratio of 15.92.
- Based on the Price/Forward Earnings ratio, VEI is valued a bit more expensive than the industry average as 64.44% of the companies are valued more cheaply.
- When comparing the Price/Forward Earnings ratio of VEI to the average of the S&P500 Index (25.57), we can say VEI is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.96 | ||
| Fwd PE | 15.92 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of VEI is on the same level as its industry peers.
- Based on the Price/Free Cash Flow ratio, VEI is valued a bit cheaper than 64.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.33 | ||
| EV/EBITDA | 7.43 |
4.3 Compensation for Growth
- VEI's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- The decent profitability rating of VEI may justify a higher PE ratio.
PEG (NY)1.58
PEG (5Y)2.79
EPS Next 2Y9.8%
EPS Next 3Y8.02%
5. Dividend
5.1 Amount
- VEI has a Yearly Dividend Yield of 5.10%, which is a nice return.
- VEI's Dividend Yield is rather good when compared to the industry average which is at 2.49. VEI pays more dividend than 91.11% of the companies in the same industry.
- VEI's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.1% |
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
- VEI pays out 90.00% of its income as dividend. 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.
DP90%
EPS Next 2Y9.8%
EPS Next 3Y8.02%
VEIDEKKE ASA / VEI.OL FAQ
Can you provide the ChartMill fundamental rating for VEIDEKKE ASA?
ChartMill assigns a fundamental rating of 6 / 10 to VEI.OL.
Can you provide the valuation status for VEIDEKKE ASA?
ChartMill assigns a valuation rating of 4 / 10 to VEIDEKKE ASA (VEI.OL). This can be considered as Fairly Valued.
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 11.34% in the next year.