VEIDEKKE ASA (VEI.OL) Stock Fundamental Analysis
OSL:VEI - Euronext Oslo - NO0005806802 - Common Stock - Currency: NOK
Overall VEI gets a fundamental rating of 5 out of 10. We evaluated VEI against 41 industry peers in the Construction & Engineering industry. VEI scores excellent on profitability, but there are some minor concerns on its financial health. VEI is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year VEI was profitable.
VEI had a positive operating cash flow in the past year.
Each year in the past 5 years VEI has been profitable.
VEI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
VEI has a better Return On Assets (6.78%) than 78.05% of its industry peers.
VEI has a Return On Equity of 37.72%. This is amongst the best in the industry. VEI outperforms 85.37% of its industry peers.
With an excellent Return On Invested Capital value of 19.54%, VEI belongs to the best of the industry, outperforming 90.24% 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 10.70%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.78% | ||
| ROE | 37.72% | ||
| ROIC | 19.54% |
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 Profit Margin (3.01%) which is in line with its industry peers.
VEI's Profit Margin has improved in the last couple of years.
The Operating Margin of VEI (3.62%) is worse than 68.29% of its industry peers.
VEI's Operating Margin has improved in the last couple of years.
The Gross Margin of VEI (38.60%) 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 | 3.62% | ||
| PM (TTM) | 3.01% | ||
| GM | 38.6% |
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.
The number of shares outstanding for VEI remains at a similar level compared to 1 year ago.
Compared to 5 years ago, VEI has about the same amount of shares outstanding.
Compared to 1 year ago, VEI has a worse debt to assets ratio.
2.2 Solvency
VEI has an Altman-Z score of 3.46. This indicates that VEI is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of VEI (3.46) is better than 82.93% of its industry peers.
The Debt to FCF ratio of VEI is 0.18, which is an excellent value as it means it would take VEI, only 0.18 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of VEI (0.18) is better than 97.56% of its industry peers.
VEI has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
VEI has a Debt to Equity ratio of 0.11. This is amongst the best in the industry. VEI outperforms 87.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 0.18 | ||
| Altman-Z | 3.46 |
ROIC/WACC2.33
WACC8.39%
2.3 Liquidity
VEI has a Current 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.
VEI's Current ratio of 0.80 is on the low side compared to the rest of the industry. VEI is outperformed by 87.80% of its industry peers.
A Quick Ratio of 0.73 indicates that VEI may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.73, VEI is doing worse than 82.93% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.8 | ||
| Quick Ratio | 0.73 |
3. Growth
3.1 Past
VEI shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 0.51%.
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.
Looking at the last year, VEI shows a decrease in Revenue. The Revenue has decreased by -5.10% in the last year.
VEI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.43% yearly.
EPS 1Y (TTM)0.51%
EPS 3Y9.54%
EPS 5Y6.43%
EPS Q2Q%-300%
Revenue 1Y (TTM)-5.1%
Revenue growth 3Y3.13%
Revenue growth 5Y2.43%
Sales Q2Q%-4.66%
3.2 Future
VEI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.96% yearly.
The Revenue is expected to grow by 2.88% on average over the next years.
EPS Next Y7.25%
EPS Next 2Y6.93%
EPS Next 3Y4.96%
EPS Next 5YN/A
Revenue Next Year3.08%
Revenue Next 2Y3.6%
Revenue Next 3Y2.88%
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 decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 17.80, the valuation of VEI can be described as rather expensive.
Based on the Price/Earnings ratio, VEI is valued a bit more expensive than 60.98% of the companies in the same industry.
When comparing the Price/Earnings ratio of VEI to the average of the S&P500 Index (27.45), we can say VEI is valued slightly cheaper.
The Price/Forward Earnings ratio is 15.30, which indicates a correct valuation of VEI.
65.85% of the companies in the same industry are cheaper than VEI, based on the Price/Forward Earnings ratio.
VEI's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.90.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.8 | ||
| Fwd PE | 15.3 |
4.2 Price Multiples
VEI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. VEI is cheaper than 63.41% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of VEI indicates a somewhat cheap valuation: VEI is cheaper than 60.98% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.64 | ||
| EV/EBITDA | 7.1 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of VEI may justify a higher PE ratio.
PEG (NY)2.45
PEG (5Y)2.77
EPS Next 2Y6.93%
EPS Next 3Y4.96%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.72%, VEI is a good candidate for dividend investing.
VEI's Dividend Yield is rather good when compared to the industry average which is at 3.78. VEI pays more dividend than 97.56% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.42, VEI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.72% |
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 86.53% 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.
DP86.53%
EPS Next 2Y6.93%
EPS Next 3Y4.96%
OSL:VEI (7/3/2025, 4:19:57 PM)
162
+0.6 (+0.37%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners44.34%
Inst Owner ChangeN/A
Ins Owners0.55%
Ins Owner ChangeN/A
Market Cap21.86B
Analysts72.5
Price Target157.85 (-2.56%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.72% |
Yearly Dividend7.9
Dividend Growth(5Y)9.66%
DP86.53%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-541.05%
Min EPS beat(2)-1087.88%
Max EPS beat(2)5.79%
EPS beat(4)2
Avg EPS beat(4)-265.78%
Min EPS beat(4)-1087.88%
Max EPS beat(4)19.52%
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)0
Avg Revenue beat(2)-2.42%
Min Revenue beat(2)-4.59%
Max Revenue beat(2)-0.25%
Revenue beat(4)0
Avg Revenue beat(4)-3.4%
Min Revenue beat(4)-4.81%
Max Revenue beat(4)-0.25%
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)-2.52%
PT rev (3m)-2.52%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0.56%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.18%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.8 | ||
| Fwd PE | 15.3 | ||
| P/S | 0.53 | ||
| P/FCF | 9.64 | ||
| P/OCF | 7.6 | ||
| P/B | 6.69 | ||
| P/tB | 31.73 | ||
| EV/EBITDA | 7.1 |
EPS(TTM)9.1
EY5.62%
EPS(NY)10.59
Fwd EY6.54%
FCF(TTM)16.8
FCFY10.37%
OCF(TTM)21.32
OCFY13.16%
SpS303.5
BVpS24.2
TBVpS5.11
PEG (NY)2.45
PEG (5Y)2.77
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.78% | ||
| ROE | 37.72% | ||
| ROCE | 24.42% | ||
| ROIC | 19.54% | ||
| ROICexc | 36.23% | ||
| ROICexgc | 169.4% | ||
| OM | 3.62% | ||
| PM (TTM) | 3.01% | ||
| GM | 38.6% | ||
| FCFM | 5.53% |
ROA(3y)6.25%
ROA(5y)7.26%
ROE(3y)36.63%
ROE(5y)43.49%
ROIC(3y)20.02%
ROIC(5y)18.85%
ROICexc(3y)44.25%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)25.02%
ROCE(5y)23.56%
ROICexcg growth 3YN/A
ROICexcg 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 Turnover2.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 0.18 | ||
| Debt/EBITDA | 0.14 | ||
| Cap/Depr | 54.96% | ||
| Cap/Sales | 1.49% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 110.91% | ||
| Profit Quality | 184.01% | ||
| Current Ratio | 0.8 | ||
| Quick Ratio | 0.73 | ||
| Altman-Z | 3.46 |
F-Score5
WACC8.39%
ROIC/WACC2.33
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)0.51%
EPS 3Y9.54%
EPS 5Y6.43%
EPS Q2Q%-300%
EPS Next Y7.25%
EPS Next 2Y6.93%
EPS Next 3Y4.96%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.1%
Revenue growth 3Y3.13%
Revenue growth 5Y2.43%
Sales Q2Q%-4.66%
Revenue Next Year3.08%
Revenue Next 2Y3.6%
Revenue Next 3Y2.88%
Revenue Next 5YN/A
EBIT growth 1Y-3.64%
EBIT growth 3Y1.29%
EBIT growth 5Y17.1%
EBIT Next Year78.08%
EBIT Next 3Y24.93%
EBIT Next 5YN/A
FCF growth 1Y149.4%
FCF growth 3Y3.8%
FCF growth 5Y17.06%
OCF growth 1Y66.49%
OCF growth 3Y0.47%
OCF growth 5Y9.79%