VEIDEKKE ASA (VEI.OL) Stock Fundamental Analysis
OSL:VEI - Euronext Oslo - NO0005806802 - Common Stock - Currency: NOK
We assign a fundamental rating of 5 out of 10 to VEI. VEI was compared to 39 industry peers in the Construction & Engineering industry. VEI scores excellent on profitability, but there are some minor concerns on its financial health. VEI does not seem to be growing, but still is valued expensively. VEI also has an excellent dividend rating. With these ratings, VEI could be worth investigating further for dividend investing!.
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 6.71%, VEI is in the better half of the industry, outperforming 79.49% of the companies in the same industry.
VEI's Return On Equity of 38.18% is amongst the best of the industry. VEI outperforms 82.05% of its industry peers.
VEI has a Return On Invested Capital of 19.71%. This is amongst the best in the industry. VEI outperforms 92.31% of its industry peers.
VEI had an Average Return On Invested Capital over the past 3 years of 20.02%. This is significantly above the industry average of 11.04%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.71% | ||
| ROE | 38.18% | ||
| ROIC | 19.71% |
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
Looking at the Profit Margin, with a value of 3.05%, VEI is in line with its industry, outperforming 53.85% of the companies in the same industry.
In the last couple of years the Profit Margin of VEI has grown nicely.
The Operating Margin of VEI (3.66%) is worse than 61.54% of its industry peers.
VEI's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 38.18%, VEI perfoms like the industry average, outperforming 56.41% of the companies in the same industry.
VEI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.66% | ||
| PM (TTM) | 3.05% | ||
| GM | 38.18% |
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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so VEI is creating value.
Compared to 1 year ago, VEI has about the same amount of shares outstanding.
VEI has about the same amout of shares outstanding than it did 5 years ago.
VEI has a worse debt/assets ratio than last year.
2.2 Solvency
VEI has an Altman-Z score of 3.32. This indicates that VEI is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.32, VEI belongs to the top of the industry, outperforming 84.62% of the companies in the same industry.
The Debt to FCF ratio of VEI is 0.42, which is an excellent value as it means it would take VEI, only 0.42 years of fcf income to pay off all of its debts.
VEI has a Debt to FCF ratio of 0.42. This is amongst the best in the industry. VEI outperforms 97.44% of its industry peers.
A Debt/Equity ratio of 0.12 indicates that VEI is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.12, VEI belongs to the top of the industry, outperforming 87.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.12 | ||
| Debt/FCF | 0.42 | ||
| Altman-Z | 3.32 |
ROIC/WACC2.35
WACC8.39%
2.3 Liquidity
VEI has a Current Ratio of 0.82. This is a bad value and indicates that VEI is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of VEI (0.82) is worse than 87.18% of its industry peers.
A Quick Ratio of 0.75 indicates that VEI may have some problems paying its short term obligations.
With a Quick ratio value of 0.75, VEI is not doing good in the industry: 82.05% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.75 |
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%.
VEI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.58% yearly.
The Revenue has decreased by -4.04% in the past year.
Measured over the past years, VEI shows a small growth in Revenue. The Revenue has been growing by 4.85% on average per year.
EPS 1Y (TTM)-4.75%
EPS 3Y-20.29%
EPS 5Y14.58%
EPS Q2Q%-8.57%
Revenue 1Y (TTM)-4.04%
Revenue growth 3Y4.12%
Revenue growth 5Y4.85%
Sales Q2Q%-5.32%
3.2 Future
The Earnings Per Share is expected to grow by 7.90% on average over the next years.
The Revenue is expected to grow by 1.45% on average over the next years.
EPS Next Y17.24%
EPS Next 2Y12.13%
EPS Next 3Y10.26%
EPS Next 5Y7.9%
Revenue Next Year-2.21%
Revenue Next 2Y0.31%
Revenue Next 3Y1.56%
Revenue Next 5Y1.45%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
VEI is valuated rather expensively with a Price/Earnings ratio of 19.11.
Compared to the rest of the industry, the Price/Earnings ratio of VEI indicates a slightly more expensive valuation: VEI is more expensive than 71.79% of the companies listed in the same industry.
VEI's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.79.
VEI is valuated correctly with a Price/Forward Earnings ratio of 15.20.
VEI's Price/Forward Earnings ratio is in line with the industry average.
VEI's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.11 | ||
| Fwd PE | 15.2 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as VEI.
Based on the Price/Free Cash Flow ratio, VEI is valued a bit more expensive than the industry average as 61.54% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.32 | ||
| EV/EBITDA | 6.67 |
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)1.11
PEG (5Y)1.31
EPS Next 2Y12.13%
EPS Next 3Y10.26%
5. Dividend
5.1 Amount
VEI has a Yearly Dividend Yield of 5.97%, which is a nice return.
Compared to an average industry Dividend Yield of 3.69, VEI pays a better dividend. On top of this VEI pays more dividend than 100.00% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.51, VEI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.97% |
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
84.47% of the earnings are spent on dividend by VEI. This is not a sustainable payout ratio.
VEI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP84.47%
EPS Next 2Y12.13%
EPS Next 3Y10.26%
OSL:VEI (4/25/2025, 4:19:36 PM)
151
0 (0%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners43.8%
Inst Owner ChangeN/A
Ins Owners0.55%
Ins Owner ChangeN/A
Market Cap20.38B
Analysts72.5
Price Target161.93 (7.24%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.97% |
Yearly Dividend7.9
Dividend Growth(5Y)9.66%
DP84.47%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.62%
Min EPS beat(2)-0.55%
Max EPS beat(2)5.79%
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
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)-2.53%
Min Revenue beat(2)-4.81%
Max Revenue beat(2)-0.25%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
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%
PT rev (3m)10.82%
EPS NQ rev (1m)79.16%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.56%
EPS NY rev (3m)0.94%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.74%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.11 | ||
| Fwd PE | 15.2 | ||
| P/S | 0.49 | ||
| P/FCF | 13.32 | ||
| P/OCF | 9.16 | ||
| P/B | 6.17 | ||
| P/tB | 27.76 | ||
| EV/EBITDA | 6.67 |
EPS(TTM)7.9
EY5.23%
EPS(NY)9.93
Fwd EY6.58%
FCF(TTM)11.34
FCFY7.51%
OCF(TTM)16.49
OCFY10.92%
SpS306.78
BVpS24.49
TBVpS5.44
PEG (NY)1.11
PEG (5Y)1.31
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.71% | ||
| ROE | 38.18% | ||
| ROCE | 24.63% | ||
| ROIC | 19.71% | ||
| ROICexc | 37.92% | ||
| ROICexgc | 192.69% | ||
| OM | 3.66% | ||
| PM (TTM) | 3.05% | ||
| GM | 38.18% | ||
| FCFM | 3.7% |
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-Score6
Asset Turnover2.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.12 | ||
| Debt/FCF | 0.42 | ||
| Debt/EBITDA | 0.16 | ||
| Cap/Depr | 62.84% | ||
| Cap/Sales | 1.68% | ||
| Interest Coverage | 18.96 | ||
| Cash Conversion | 84.83% | ||
| Profit Quality | 121.24% | ||
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.75 | ||
| Altman-Z | 3.32 |
F-Score6
WACC8.39%
ROIC/WACC2.35
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%-8.57%
EPS Next Y17.24%
EPS Next 2Y12.13%
EPS Next 3Y10.26%
EPS Next 5Y7.9%
Revenue 1Y (TTM)-4.04%
Revenue growth 3Y4.12%
Revenue growth 5Y4.85%
Sales Q2Q%-5.32%
Revenue Next Year-2.21%
Revenue Next 2Y0.31%
Revenue Next 3Y1.56%
Revenue Next 5Y1.45%
EBIT growth 1Y9.53%
EBIT growth 3Y1.29%
EBIT growth 5Y17.1%
EBIT Next Year79.02%
EBIT Next 3Y24.09%
EBIT Next 5YN/A
FCF growth 1Y-26.97%
FCF growth 3Y3.8%
FCF growth 5Y17.06%
OCF growth 1Y-24.29%
OCF growth 3Y0.47%
OCF growth 5Y9.79%