VEIDEKKE ASA (VEI.OL) Stock Fundamental Analysis
Europe - OSL:VEI - NO0005806802 - Common Stock
163.2 NOK
+1.4 (+0.87%)
Overall VEI gets a fundamental rating of 5 out of 10. We evaluated VEI against 43 industry peers in the Construction & Engineering industry. While VEI has a great profitability rating, there are some minor concerns on its financial health. VEI is valued expensive and it does not seem to be growing.
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.
Each year in the past 5 years VEI had a positive operating cash flow.
1.2 Ratios
VEI has a better Return On Assets (6.94%) than 74.42% 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 86.05% of the companies in the same industry.
VEI has a better Return On Invested Capital (23.49%) than 90.70% of its industry peers.
The Average Return On Invested Capital over the past 3 years for VEI is significantly above the industry average of 11.09%.
The 3 year average ROIC (20.02%) for VEI is below the current ROIC(23.49%), indicating increased profibility in the last year.
| 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
Looking at the Profit Margin, with a value of 3.06%, VEI is in line with its industry, outperforming 41.86% 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 (3.71%) is worse than 76.74% of its industry peers.
In the last couple of years the Operating Margin of VEI has grown nicely.
VEI has a Gross Margin of 38.09%. This is comparable to the rest of the industry: VEI outperforms 46.51% of 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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so 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.
The debt/assets ratio for VEI is higher compared to a year ago.
2.2 Solvency
VEI has an Altman-Z score of 3.24. This indicates that VEI is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of VEI (3.24) is better than 90.70% of its industry peers.
The Debt to FCF ratio of VEI is 0.20, which is an excellent value as it means it would take VEI, only 0.20 years of fcf income to pay off all of its debts.
VEI has a Debt to FCF ratio of 0.20. This is amongst the best in the industry. VEI outperforms 97.67% of its industry peers.
A Debt/Equity ratio of 0.14 indicates that VEI is not too dependend on debt financing.
VEI's Debt to Equity ratio of 0.14 is fine compared to the rest of the industry. VEI outperforms 76.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | 0.2 | ||
| Altman-Z | 3.24 |
ROIC/WACC2.82
WACC8.32%
2.3 Liquidity
A Current Ratio of 0.76 indicates that VEI may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.76, VEI is doing worse than 93.02% of the companies in the same industry.
A Quick Ratio of 0.69 indicates that VEI may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.69, VEI is doing worse than 88.37% of the companies in the same industry.
| 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 -4.31%.
VEI shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.43% yearly.
VEI shows a decrease in Revenue. In the last year, the revenue decreased by -2.97%.
Measured over the past years, VEI shows a small growth in Revenue. The Revenue has been growing by 2.43% on average per year.
EPS 1Y (TTM)-4.31%
EPS 3Y9.54%
EPS 5Y6.43%
EPS Q2Q%7.41%
Revenue 1Y (TTM)-2.97%
Revenue growth 3Y3.13%
Revenue growth 5Y2.43%
Sales Q2Q%5.07%
3.2 Future
The Earnings Per Share is expected to grow by 6.89% on average over the next years.
VEI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.20% yearly.
EPS Next Y8.59%
EPS Next 2Y8.76%
EPS Next 3Y6.89%
EPS Next 5YN/A
Revenue Next Year4.2%
Revenue Next 2Y4.99%
Revenue Next 3Y4.2%
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 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
With a Price/Earnings ratio of 17.55, VEI is valued on the expensive side.
65.12% of the companies in the same industry are cheaper than VEI, based on the Price/Earnings ratio.
VEI is valuated rather cheaply when we compare the Price/Earnings ratio to 25.51, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 14.90 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 65.12% of the companies are valued more cheaply.
VEI is valuated cheaply when we compare the Price/Forward Earnings ratio to 34.98, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.55 | ||
| Fwd PE | 14.9 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as VEI.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of VEI is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.43 | ||
| EV/EBITDA | 7.71 |
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)2.04
PEG (5Y)2.73
EPS Next 2Y8.76%
EPS Next 3Y6.89%
5. Dividend
5.1 Amount
VEI has a Yearly Dividend Yield of 5.56%, which is a nice return.
Compared to an average industry Dividend Yield of 3.43, VEI pays a better dividend. On top of this VEI pays more dividend than 95.35% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, VEI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.56% |
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
95.74% 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.
DP95.74%
EPS Next 2Y8.76%
EPS Next 3Y6.89%
OSL:VEI (11/19/2025, 11:56:17 AM)
163.2
+1.4 (+0.87%)
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 Cap22.03B
Revenue(TTM)41.51B
Net Income(TTM)1.27B
Analysts46
Price Target169.07 (3.6%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.56% |
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%
PT rev (3m)4.08%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.45%
EPS NY rev (1m)0.5%
EPS NY rev (3m)1.25%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.86%
Revenue NY rev (1m)0.18%
Revenue NY rev (3m)1.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.55 | ||
| Fwd PE | 14.9 | ||
| P/S | 0.53 | ||
| P/FCF | 11.43 | ||
| P/OCF | 8.83 | ||
| P/B | 8.91 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7.71 |
EPS(TTM)9.3
EY5.7%
EPS(NY)10.96
Fwd EY6.71%
FCF(TTM)14.28
FCFY8.75%
OCF(TTM)18.48
OCFY11.32%
SpS307.56
BVpS18.31
TBVpS-0.8
PEG (NY)2.04
PEG (5Y)2.73
Graham Number61.9
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 | 3.24 |
F-Score5
WACC8.32%
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)-4.31%
EPS 3Y9.54%
EPS 5Y6.43%
EPS Q2Q%7.41%
EPS Next Y8.59%
EPS Next 2Y8.76%
EPS Next 3Y6.89%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.97%
Revenue growth 3Y3.13%
Revenue growth 5Y2.43%
Sales Q2Q%5.07%
Revenue Next Year4.2%
Revenue Next 2Y4.99%
Revenue Next 3Y4.2%
Revenue Next 5YN/A
EBIT growth 1Y-4.7%
EBIT growth 3Y1.29%
EBIT growth 5Y17.1%
EBIT Next Year79.21%
EBIT Next 3Y25.32%
EBIT Next 5YN/A
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 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.
Can you provide the PE and PB ratios for VEI stock?
The Price/Earnings (PE) ratio for VEIDEKKE ASA (VEI.OL) is 17.55 and the Price/Book (PB) ratio is 8.91.
How financially healthy is VEIDEKKE ASA?
The financial health rating of VEIDEKKE ASA (VEI.OL) is 5 / 10.