VEIDEKKE ASA (VEI.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:VEI - NO0005806802 - Common Stock
178.2 NOK
-4.4 (-2.41%)
We assign a fundamental rating of 5 out of 10 to VEI. VEI was compared to 43 industry peers in the Construction & Engineering industry. VEI has an excellent profitability rating, but there are some minor concerns on its financial health. VEI is quite expensive at the moment. It does show a decent growth rate.
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.
- Each year in the past 5 years VEI has been profitable.
- Each year in the past 5 years VEI had a positive operating cash flow.
1.2 Ratios
- With a decent Return On Assets value of 7.11%, VEI is doing good in the industry, outperforming 74.42% of the companies in the same industry.
- Looking at the Return On Equity, with a value of 44.79%, VEI belongs to the top of the industry, outperforming 86.05% of the companies in the same industry.
- Looking at the Return On Invested Capital, with a value of 23.53%, VEI belongs to the top of the industry, outperforming 90.70% 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 11.17%.
- The 3 year average ROIC (20.02%) for VEI is below the current ROIC(23.53%), indicating increased profibility in the last year.
| 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 Profit Margin of 3.18%. This is in the lower half of the industry: VEI underperforms 62.79% of its industry peers.
- In the last couple of years the Profit Margin of VEI has grown nicely.
- The Operating Margin of VEI (3.92%) is worse than 74.42% of its industry peers.
- VEI's Operating Margin has improved in the last couple of years.
- VEI has a Gross Margin (37.19%) which is in line with its industry peers.
- 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.
- VEI has about the same amout of shares outstanding than it did 1 year ago.
- VEI has about the same amout of shares outstanding than it did 5 years ago.
- The debt/assets ratio for VEI is higher compared to a year ago.
2.2 Solvency
- An Altman-Z score of 3.32 indicates that VEI is not in any danger for bankruptcy at the moment.
- VEI has a Altman-Z score of 3.32. This is amongst the best in the industry. VEI outperforms 86.05% of its industry peers.
- 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.
- VEI's Debt to FCF ratio of 0.10 is amongst the best of the industry. VEI outperforms 100.00% of its industry peers.
- VEI has a Debt/Equity ratio of 0.08. This is a healthy value indicating a solid balance between debt and equity.
- The Debt to Equity ratio of VEI (0.08) is better than 90.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.1 | ||
| Altman-Z | 3.32 |
ROIC/WACC2.82
WACC8.35%
2.3 Liquidity
- A Current Ratio of 0.80 indicates that VEI may have some problems paying 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 93.02% of its industry peers.
- A Quick Ratio of 0.74 indicates that VEI may have some problems paying its short term obligations.
- VEI has a Quick ratio of 0.74. This is amonst the worse of the industry: VEI underperforms 90.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.8 | ||
| Quick Ratio | 0.74 |
3. Growth
3.1 Past
- VEI shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 0.89%.
- The Earnings Per Share has been growing slightly by 6.43% on average over the past years.
- Looking at the last year, VEI shows a small growth in Revenue. The Revenue has grown by 1.09% in the last year.
- The Revenue has been growing slightly by 2.43% on average over the past years.
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
- Based on estimates for the next years, VEI will show a small growth in Earnings Per Share. The EPS will grow by 7.45% on average per year.
- Based on estimates for the next years, VEI will show a small growth in Revenue. The Revenue will grow by 5.69% on average per year.
EPS Next Y8.75%
EPS Next 2Y8.93%
EPS Next 3Y7.24%
EPS Next 5Y7.45%
Revenue Next Year3.79%
Revenue Next 2Y5.15%
Revenue Next 3Y4.65%
Revenue Next 5Y5.69%
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.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 18.00, the valuation of VEI can be described as rather expensive.
- VEI's Price/Earnings ratio is a bit more expensive when compared to the industry. VEI is more expensive than 60.47% of the companies in the same industry.
- VEI's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.38.
- A Price/Forward Earnings ratio of 16.22 indicates a correct valuation of VEI.
- Based on the Price/Forward Earnings ratio, VEI is valued a bit more expensive than the industry average as 69.77% of the companies are valued more cheaply.
- VEI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.29, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18 | ||
| Fwd PE | 16.22 |
4.2 Price Multiples
- VEI's Enterprise Value to EBITDA is on the same level as the industry average.
- Based on the Price/Free Cash Flow ratio, VEI is valued a bit cheaper than the industry average as 65.12% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.36 | ||
| EV/EBITDA | 7.66 |
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)2.8
EPS Next 2Y8.93%
EPS Next 3Y7.24%
5. Dividend
5.1 Amount
- VEI has a Yearly Dividend Yield of 4.92%, which is a nice return.
- Compared to an average industry Dividend Yield of 2.48, VEI pays a better dividend. On top of this VEI pays more dividend than 86.05% 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 1.85.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.92% |
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 90.00% 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.
DP90%
EPS Next 2Y8.93%
EPS Next 3Y7.24%
OSL:VEI (1/19/2026, 12:33:42 PM)
178.2
-4.4 (-2.41%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)11-06 2025-11-06/bmo
Earnings (Next)02-12 2026-02-12/amc
Inst Owners37.71%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap24.05B
Revenue(TTM)42.51B
Net Income(TTM)1.35B
Analysts48
Price Target181.82 (2.03%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.92% |
Yearly Dividend7.9
Dividend Growth(5Y)9.66%
DP90%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.13%
Min EPS beat(2)3.16%
Max EPS beat(2)9.1%
EPS beat(4)3
Avg EPS beat(4)-267.46%
Min EPS beat(4)-1087.88%
Max EPS beat(4)9.1%
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)2
Avg Revenue beat(2)1.92%
Min Revenue beat(2)0.6%
Max Revenue beat(2)3.24%
Revenue beat(4)2
Avg Revenue beat(4)-0.25%
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)7.06%
PT rev (3m)7.54%
EPS NQ rev (1m)-3.68%
EPS NQ rev (3m)-4.36%
EPS NY rev (1m)0%
EPS NY rev (3m)0.66%
Revenue NQ rev (1m)1.03%
Revenue NQ rev (3m)0.07%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18 | ||
| Fwd PE | 16.22 | ||
| P/S | 0.57 | ||
| P/FCF | 10.36 | ||
| P/OCF | 8.07 | ||
| P/B | 7.98 | ||
| P/tB | 57.26 | ||
| EV/EBITDA | 7.66 |
EPS(TTM)9.9
EY5.56%
EPS(NY)10.99
Fwd EY6.17%
FCF(TTM)17.21
FCFY9.65%
OCF(TTM)22.07
OCFY12.39%
SpS314.96
BVpS22.33
TBVpS3.11
PEG (NY)2.06
PEG (5Y)2.8
Graham Number70.53
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.11% | ||
| ROE | 44.79% | ||
| ROCE | 29.41% | ||
| ROIC | 23.53% | ||
| ROICexc | 44.54% | ||
| ROICexgc | 334.12% | ||
| OM | 3.92% | ||
| PM (TTM) | 3.18% | ||
| GM | 37.19% | ||
| FCFM | 5.46% |
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 Turnover2.24
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.1 | ||
| Debt/EBITDA | 0.08 | ||
| Cap/Depr | 56.88% | ||
| Cap/Sales | 1.55% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 105.6% | ||
| Profit Quality | 172% | ||
| Current Ratio | 0.8 | ||
| Quick Ratio | 0.74 | ||
| Altman-Z | 3.32 |
F-Score5
WACC8.35%
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)0.89%
EPS 3Y9.54%
EPS 5Y6.43%
EPS Q2Q%17.65%
EPS Next Y8.75%
EPS Next 2Y8.93%
EPS Next 3Y7.24%
EPS Next 5Y7.45%
Revenue 1Y (TTM)1.09%
Revenue growth 3Y3.13%
Revenue growth 5Y2.43%
Sales Q2Q%10.35%
Revenue Next Year3.79%
Revenue Next 2Y5.15%
Revenue Next 3Y4.65%
Revenue Next 5Y5.69%
EBIT growth 1Y3.93%
EBIT growth 3Y1.29%
EBIT growth 5Y17.1%
EBIT Next Year82.79%
EBIT Next 3Y27.3%
EBIT Next 5Y21.16%
FCF growth 1Y118.85%
FCF growth 3Y3.8%
FCF growth 5Y17.06%
OCF growth 1Y49.4%
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.
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 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 8.75% in the next year.