VEIDEKKE ASA (VEI.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:VEI - NO0005806802 - Common Stock
170 NOK
-0.4 (-0.23%)
We assign a fundamental rating of 5 out of 10 to VEI. VEI was compared to 46 industry peers in the Construction & Engineering industry. VEI has an excellent profitability rating, 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.
VEI had a positive operating cash flow in the past year.
In the past 5 years VEI has always 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 (6.94%) than 71.74% of its industry peers.
VEI's Return On Equity of 51.36% is amongst the best of the industry. VEI outperforms 89.13% of its industry peers.
Looking at the Return On Invested Capital, with a value of 23.49%, VEI belongs to the top of the industry, outperforming 89.13% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital 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
VEI's Profit Margin of 3.06% is on the low side compared to the rest of the industry. VEI is outperformed by 63.04% of its industry peers.
In the last couple of years the Profit Margin of VEI has grown nicely.
With a Operating Margin value of 3.71%, VEI is not doing good in the industry: 76.09% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of VEI has grown nicely.
VEI has a Gross Margin (38.09%) 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 | 3.71% | ||
| 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.
The number of shares outstanding for VEI remains at a similar level compared to 5 years ago.
VEI has a worse debt/assets ratio than last year.
2.2 Solvency
VEI has an Altman-Z score of 3.28. This indicates that VEI is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of VEI (3.28) is better than 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.
The Debt to FCF ratio of VEI (0.20) is better than 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.
VEI has a better Debt to Equity ratio (0.14) than 78.26% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | 0.2 | ||
| Altman-Z | 3.28 |
ROIC/WACC2.82
WACC8.33%
2.3 Liquidity
A Current Ratio of 0.76 indicates that VEI may have some problems paying its short term obligations.
VEI has a worse Current ratio (0.76) than 91.30% of its industry peers.
A Quick Ratio of 0.69 indicates that VEI may have some problems paying its short term obligations.
VEI has a Quick ratio of 0.69. This is amonst the worse of the industry: VEI underperforms 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.
VEI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.37%.
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.
Based on estimates for the next years, VEI will show a small growth in Revenue. The Revenue will grow by 4.06% on average per year.
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
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 17.17, VEI is valued on the expensive side.
The rest of the industry has a similar Price/Earnings ratio as VEI.
VEI's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.59.
With a Price/Forward Earnings ratio of 16.88, VEI is valued correctly.
VEI's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. VEI is more expensive than 63.04% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of VEI to the average of the S&P500 Index (23.80), we can say VEI is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.17 | ||
| Fwd PE | 16.88 |
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 the industry average as 60.87% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.91 | ||
| EV/EBITDA | 8.15 |
4.3 Compensation for Growth
VEI's 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.
Compared to an average S&P500 Dividend Yield of 2.31, VEI pays a better dividend.
| 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 (12/11/2025, 4:19:45 PM)
170
-0.4 (-0.23%)
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 Cap22.94B
Revenue(TTM)43.05B
Net Income(TTM)1.27B
Analysts48
Price Target169.83 (-0.1%)
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 | 17.17 | ||
| Fwd PE | 16.88 | ||
| P/S | 0.55 | ||
| P/FCF | 11.91 | ||
| P/OCF | 9.2 | ||
| P/B | 9.28 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.15 |
EPS(TTM)9.9
EY5.82%
EPS(NY)10.07
Fwd EY5.92%
FCF(TTM)14.28
FCFY8.4%
OCF(TTM)18.48
OCFY10.87%
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 | 3.28 |
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 17.17 and the Price/Book (PB) ratio is 9.28.
How financially healthy is VEIDEKKE ASA?
The financial health rating of VEIDEKKE ASA (VEI.OL) is 5 / 10.