VEIDEKKE ASA (VEI.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:VEI - NO0005806802 - Common Stock
170.2 NOK
-0.8 (-0.47%)
VEI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 46 industry peers in the Construction & Engineering industry. VEI scores excellent on profitability, but there are some minor concerns on its financial health. VEI has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
VEI had positive earnings in the past year.
In the past year VEI had a positive cash flow from operations.
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 (6.94%) than 71.74% of its industry peers.
Looking at the Return On Equity, with a value of 51.36%, VEI belongs to the top of the industry, outperforming 89.13% of the companies in the same industry.
With an excellent Return On Invested Capital value of 23.49%, VEI belongs to the best of the industry, outperforming 89.13% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for VEI is significantly above the industry average of 11.87%.
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
With a Profit Margin value of 3.06%, VEI is not doing good in the industry: 63.04% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of VEI has grown nicely.
VEI's Operating Margin of 3.71% is on the low side compared to the rest of the industry. VEI is outperformed by 76.09% of its industry peers.
In the last couple of years the Operating Margin of VEI has grown nicely.
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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), VEI 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.
The debt/assets ratio for VEI is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.29 indicates that VEI is not in any danger for bankruptcy at the moment.
VEI's Altman-Z score of 3.29 is amongst the best of the industry. VEI outperforms 84.78% 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.
VEI's Debt to FCF ratio of 0.20 is amongst the best of the industry. VEI outperforms 97.83% of its industry peers.
VEI has a Debt/Equity ratio of 0.14. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.14, VEI is in the better half of the industry, outperforming 78.26% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | 0.2 | ||
| Altman-Z | 3.29 |
ROIC/WACC2.82
WACC8.33%
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.
VEI has a worse Quick ratio (0.69) than 86.96% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.76 | ||
| Quick Ratio | 0.69 |
3. Growth
3.1 Past
VEI shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -4.75%.
The Earnings Per Share has been growing by 14.58% on average over the past years. This is quite good.
Looking at the last year, VEI shows a quite strong growth in Revenue. The Revenue has grown by 11.37% in the last year.
The Revenue has been growing slightly by 4.85% on average over the past years.
EPS 1Y (TTM)-4.75%
EPS 3Y-20.29%
EPS 5Y14.58%
EPS Q2Q%17.65%
Revenue 1Y (TTM)11.37%
Revenue growth 3Y4.12%
Revenue growth 5Y4.85%
Sales Q2Q%10.35%
3.2 Future
VEI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.34% yearly.
The Revenue is expected to grow by 4.06% on average over the next years.
EPS Next Y17.24%
EPS Next 2Y12.91%
EPS Next 3Y11.63%
EPS Next 5Y9.34%
Revenue Next Year-2.21%
Revenue Next 2Y0.74%
Revenue Next 3Y2.64%
Revenue Next 5Y4.06%
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
A Price/Earnings ratio of 17.19 indicates a rather expensive valuation of VEI.
VEI's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.29, VEI is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 16.90, the valuation of VEI can be described as correct.
63.04% 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 23.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.19 | ||
| Fwd PE | 16.9 |
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 60.87% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.92 | ||
| EV/EBITDA | 8.18 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
VEI has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1
PEG (5Y)1.18
EPS Next 2Y12.91%
EPS Next 3Y11.63%
5. Dividend
5.1 Amount
VEI has a Yearly Dividend Yield of 5.37%, which is a nice return.
Compared to an average industry Dividend Yield of 3.44, VEI pays a better dividend. On top of this VEI pays more dividend than 95.65% of the companies listed in the same industry.
VEI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.37% |
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 95.74% 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.
DP95.74%
EPS Next 2Y12.91%
EPS Next 3Y11.63%
OSL:VEI (12/10/2025, 4:14:43 PM)
170.2
-0.8 (-0.47%)
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 Cap22.97B
Revenue(TTM)43.05B
Net Income(TTM)1.27B
Analysts48
Price Target169.83 (-0.22%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.37% |
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)0.45%
PT rev (3m)2.78%
EPS NQ rev (1m)-1.45%
EPS NQ rev (3m)-1.89%
EPS NY rev (1m)0.15%
EPS NY rev (3m)0.66%
Revenue NQ rev (1m)-1.17%
Revenue NQ rev (3m)-0.32%
Revenue NY rev (1m)-0.39%
Revenue NY rev (3m)0.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.19 | ||
| Fwd PE | 16.9 | ||
| P/S | 0.55 | ||
| P/FCF | 11.92 | ||
| P/OCF | 9.21 | ||
| P/B | 9.3 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.18 |
EPS(TTM)9.9
EY5.82%
EPS(NY)10.07
Fwd EY5.92%
FCF(TTM)14.28
FCFY8.39%
OCF(TTM)18.48
OCFY10.86%
SpS307.56
BVpS18.31
TBVpS-0.8
PEG (NY)1
PEG (5Y)1.18
Graham Number63.86
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 | 3.29 |
F-Score5
WACC8.33%
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)-4.75%
EPS 3Y-20.29%
EPS 5Y14.58%
EPS Q2Q%17.65%
EPS Next Y17.24%
EPS Next 2Y12.91%
EPS Next 3Y11.63%
EPS Next 5Y9.34%
Revenue 1Y (TTM)11.37%
Revenue growth 3Y4.12%
Revenue growth 5Y4.85%
Sales Q2Q%10.35%
Revenue Next Year-2.21%
Revenue Next 2Y0.74%
Revenue Next 3Y2.64%
Revenue Next 5Y4.06%
EBIT growth 1Y-4.7%
EBIT growth 3Y1.29%
EBIT growth 5Y17.1%
EBIT Next Year80.21%
EBIT Next 3Y26.26%
EBIT Next 5Y21.16%
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 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.
Can you provide the PE and PB ratios for VEI stock?
The Price/Earnings (PE) ratio for VEIDEKKE ASA (VEI.OL) is 17.19 and the Price/Book (PB) ratio is 9.3.
How financially healthy is VEIDEKKE ASA?
The financial health rating of VEIDEKKE ASA (VEI.OL) is 5 / 10.