VEIDEKKE ASA (VEI.OL) Fundamental Analysis & Valuation

OSL:VEI • NO0005806802

Current stock price

188.4 NOK
+0.4 (+0.21%)
Last:

This VEI.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. VEI.OL Profitability Analysis

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.
  • In the past 5 years VEI always reported a positive cash flow from operatings.
VEI.OL Yearly Net Income VS EBIT VS OCF VS FCFVEI.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B 4B 5B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 7.90%, VEI belongs to the top of the industry, outperforming 88.64% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 42.20%, VEI belongs to the top of the industry, outperforming 93.18% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 24.89%, VEI belongs to the top of the industry, outperforming 95.45% of the companies in the same industry.
  • VEI had an Average Return On Invested Capital over the past 3 years of 20.39%. This is significantly above the industry average of 11.21%.
  • The last Return On Invested Capital (24.89%) for VEI is above the 3 year average (20.39%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 7.9%
ROE 42.2%
ROIC 24.89%
ROA(3y)6.83%
ROA(5y)6.44%
ROE(3y)38.46%
ROE(5y)37.15%
ROIC(3y)20.39%
ROIC(5y)20.26%
VEI.OL Yearly ROA, ROE, ROICVEI.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

1.3 Margins

  • VEI has a Profit Margin (3.60%) which is in line with its industry peers.
  • VEI's Profit Margin has declined in the last couple of years.
  • The Operating Margin of VEI (4.58%) is worse than 68.18% of its industry peers.
  • In the last couple of years the Operating Margin of VEI has grown nicely.
  • With a Gross Margin value of 37.51%, VEI perfoms like the industry average, outperforming 40.91% of the companies in the same industry.
  • VEI's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 4.58%
PM (TTM) 3.6%
GM 37.51%
OM growth 3Y4.31%
OM growth 5Y6.65%
PM growth 3Y8.5%
PM growth 5Y-8.18%
GM growth 3Y0.72%
GM growth 5Y1.27%
VEI.OL Yearly Profit, Operating, Gross MarginsVEI.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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6

2. VEI.OL Health Analysis

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.
  • VEI has about the same amout of shares outstanding than it did 5 years ago.
  • The debt/assets ratio for VEI has been reduced compared to a year ago.
VEI.OL Yearly Shares OutstandingVEI.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
VEI.OL Yearly Total Debt VS Total AssetsVEI.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

2.2 Solvency

  • VEI has an Altman-Z score of 3.57. This indicates that VEI is financially healthy and has little risk of bankruptcy at the moment.
  • VEI has a Altman-Z score of 3.57. This is amongst the best in the industry. VEI outperforms 93.18% 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 has a better Debt to FCF ratio (0.10) than 100.00% of its industry peers.
  • VEI has a Debt/Equity ratio of 0.04. This is a healthy value indicating a solid balance between debt and equity.
  • With an excellent Debt to Equity ratio value of 0.04, VEI belongs to the best of the industry, outperforming 95.45% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF 0.1
Altman-Z 3.57
ROIC/WACC2.98
WACC8.35%
VEI.OL Yearly LT Debt VS Equity VS FCFVEI.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B 4B

2.3 Liquidity

  • VEI has a Current Ratio of 0.84. 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's Current ratio of 0.84 is on the low side compared to the rest of the industry. VEI is outperformed by 93.18% of its industry peers.
  • A Quick Ratio of 0.78 indicates that VEI may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.78, VEI is doing worse than 90.91% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.84
Quick Ratio 0.78
VEI.OL Yearly Current Assets VS Current LiabilitesVEI.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. VEI.OL Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 22.64% over the past year.
  • Measured over the past years, VEI shows a decrease in Earnings Per Share. The EPS has been decreasing by -6.08% on average per year.
  • Looking at the last year, VEI shows a small growth in Revenue. The Revenue has grown by 4.20% in the last year.
  • The Revenue has been growing slightly by 2.45% on average over the past years.
EPS 1Y (TTM)22.64%
EPS 3Y11.19%
EPS 5Y-6.08%
EPS Q2Q%46.88%
Revenue 1Y (TTM)4.2%
Revenue growth 3Y3.65%
Revenue growth 5Y2.45%
Sales Q2Q%5.53%

3.2 Future

  • VEI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.34% yearly.
  • The Revenue is expected to grow by 4.92% on average over the next years.
EPS Next Y4.39%
EPS Next 2Y4.45%
EPS Next 3Y4.34%
EPS Next 5YN/A
Revenue Next Year6.33%
Revenue Next 2Y5.54%
Revenue Next 3Y4.92%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better 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 accelerating.
VEI.OL Yearly Revenue VS EstimatesVEI.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 10B 20B 30B 40B 50B
VEI.OL Yearly EPS VS EstimatesVEI.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5 10 15

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4

4. VEI.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 16.53 indicates a correct valuation of VEI.
  • The rest of the industry has a similar Price/Earnings ratio as VEI.
  • When comparing the Price/Earnings ratio of VEI to the average of the S&P500 Index (27.71), we can say VEI is valued slightly cheaper.
  • With a Price/Forward Earnings ratio of 15.83, 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 68.18% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 38.09, VEI is valued rather cheaply.
Industry RankSector Rank
PE 16.53
Fwd PE 15.83
VEI.OL Price Earnings VS Forward Price EarningsVEI.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of VEI indicates a somewhat cheap valuation: VEI is cheaper than 70.45% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of VEI indicates a somewhat cheap valuation: VEI is cheaper than 70.45% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 9.47
EV/EBITDA 6.54
VEI.OL Per share dataVEI.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 100 200 300

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates VEI does not grow enough to justify the current Price/Earnings ratio.
  • VEI has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)3.77
PEG (5Y)N/A
EPS Next 2Y4.45%
EPS Next 3Y4.34%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. VEI.OL Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 5.88%, VEI is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 2.48, VEI pays a better dividend. On top of this VEI pays more dividend than 93.18% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.81, VEI pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.88%

5.2 History

  • The dividend of VEI decreases each year by -16.74%.
Dividend Growth(5Y)-16.74%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 78.24% of the earnings are spent on dividend by VEI. This is not a sustainable payout ratio.
DP78.24%
EPS Next 2Y4.45%
EPS Next 3Y4.34%
VEI.OL Yearly Income VS Free CF VS DividendVEI.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B 4B
VEI.OL Dividend Payout.VEI.OL Dividend Payout, showing the Payout Ratio.VEI.OL Dividend Payout.PayoutRetained Earnings

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VEI.OL Fundamentals: All Metrics, Ratios and Statistics

VEIDEKKE ASA

OSL:VEI (4/21/2026, 4:19:50 PM)

188.4

+0.4 (+0.21%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)02-12
Earnings (Next)05-07
Inst Owners35.87%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap25.43B
Revenue(TTM)43.14B
Net Income(TTM)1.55B
Analysts46
Price Target193.55 (2.73%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.88%
Yearly Dividend9
Dividend Growth(5Y)-16.74%
DP78.24%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)21.54%
Min EPS beat(2)9.1%
Max EPS beat(2)33.98%
EPS beat(4)3
Avg EPS beat(4)-260.41%
Min EPS beat(4)-1087.88%
Max EPS beat(4)33.98%
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)1.32%
Min Revenue beat(2)-0.59%
Max Revenue beat(2)3.24%
Revenue beat(4)2
Avg Revenue beat(4)-0.34%
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)0%
PT rev (3m)6.45%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)8.3%
Revenue NQ rev (1m)-0.42%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.37%
Revenue NY rev (3m)0.18%
Valuation
Industry RankSector Rank
PE 16.53
Fwd PE 15.83
P/S 0.59
P/FCF 9.47
P/OCF 7.73
P/B 6.91
P/tB 23.96
EV/EBITDA 6.54
EPS(TTM)11.4
EY6.05%
EPS(NY)11.9
Fwd EY6.32%
FCF(TTM)19.9
FCFY10.56%
OCF(TTM)24.38
OCFY12.94%
SpS319.67
BVpS27.27
TBVpS7.86
PEG (NY)3.77
PEG (5Y)N/A
Graham Number83.6306 (-55.61%)
Profitability
Industry RankSector Rank
ROA 7.9%
ROE 42.2%
ROCE 31.22%
ROIC 24.89%
ROICexc 68.87%
ROICexgc N/A
OM 4.58%
PM (TTM) 3.6%
GM 37.51%
FCFM 6.23%
ROA(3y)6.83%
ROA(5y)6.44%
ROE(3y)38.46%
ROE(5y)37.15%
ROIC(3y)20.39%
ROIC(5y)20.26%
ROICexc(3y)47.33%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)25.58%
ROCE(5y)25.42%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y5.55%
ROICexc growth 5YN/A
OM growth 3Y4.31%
OM growth 5Y6.65%
PM growth 3Y8.5%
PM growth 5Y-8.18%
GM growth 3Y0.72%
GM growth 5Y1.27%
F-Score6
Asset Turnover2.2
Health
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF 0.1
Debt/EBITDA 0.05
Cap/Depr 54.66%
Cap/Sales 1.4%
Interest Coverage 25.66
Cash Conversion 106.78%
Profit Quality 172.96%
Current Ratio 0.84
Quick Ratio 0.78
Altman-Z 3.57
F-Score6
WACC8.35%
ROIC/WACC2.98
Cap/Depr(3y)66.11%
Cap/Depr(5y)80.73%
Cap/Sales(3y)1.68%
Cap/Sales(5y)2.01%
Profit Quality(3y)163.42%
Profit Quality(5y)132.57%
High Growth Momentum
Growth
EPS 1Y (TTM)22.64%
EPS 3Y11.19%
EPS 5Y-6.08%
EPS Q2Q%46.88%
EPS Next Y4.39%
EPS Next 2Y4.45%
EPS Next 3Y4.34%
EPS Next 5YN/A
Revenue 1Y (TTM)4.2%
Revenue growth 3Y3.65%
Revenue growth 5Y2.45%
Sales Q2Q%5.53%
Revenue Next Year6.33%
Revenue Next 2Y5.54%
Revenue Next 3Y4.92%
Revenue Next 5YN/A
EBIT growth 1Y30.26%
EBIT growth 3Y8.12%
EBIT growth 5Y9.27%
EBIT Next Year75.51%
EBIT Next 3Y23.77%
EBIT Next 5YN/A
FCF growth 1Y75.56%
FCF growth 3Y102.18%
FCF growth 5Y-9.99%
OCF growth 1Y47.87%
OCF growth 3Y32.67%
OCF growth 5Y-9.61%

VEIDEKKE ASA / VEI.OL Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for VEIDEKKE ASA?

ChartMill assigns a fundamental rating of 6 / 10 to VEI.OL.


Can you provide the valuation status for VEIDEKKE ASA?

ChartMill assigns a valuation rating of 4 / 10 to VEIDEKKE ASA (VEI.OL). This can be considered as Fairly Valued.


Can you provide the profitability details for VEIDEKKE ASA?

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 16.53 and the Price/Book (PB) ratio is 6.91.


What is the expected EPS growth for VEIDEKKE ASA (VEI.OL) stock?

The Earnings per Share (EPS) of VEIDEKKE ASA (VEI.OL) is expected to grow by 4.39% in the next year.