VSE CORP (VSEC) Fundamental Analysis & Valuation

NASDAQ:VSEC • US9182841000

Current stock price

220.57 USD
-1.76 (-0.79%)
Last:

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

4

1. VSEC Profitability Analysis

1.1 Basic Checks

  • In the past year VSEC was profitable.
  • VSEC had a positive operating cash flow in the past year.
  • In the past 5 years VSEC has always been profitable.
  • The reported operating cash flow has been mixed in the past 5 years: VSEC reported negative operating cash flow in multiple years.
VSEC Yearly Net Income VS EBIT VS OCF VS FCFVSEC 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 50M -50M

1.2 Ratios

  • The Return On Assets of VSEC (0.58%) is worse than 60.00% of its industry peers.
  • VSEC has a Return On Equity (0.81%) which is in line with its industry peers.
  • With a Return On Invested Capital value of 4.23%, VSEC perfoms like the industry average, outperforming 45.00% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for VSEC is significantly below the industry average of 9.30%.
  • The last Return On Invested Capital (4.23%) for VSEC is above the 3 year average (4.18%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 0.58%
ROE 0.81%
ROIC 4.23%
ROA(3y)1.45%
ROA(5y)1.61%
ROE(3y)2.9%
ROE(5y)3.38%
ROIC(3y)4.18%
ROIC(5y)4.13%
VSEC Yearly ROA, ROE, ROICVSEC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10

1.3 Margins

  • VSEC's Profit Margin of 1.05% is on the low side compared to the rest of the industry. VSEC is outperformed by 60.00% of its industry peers.
  • In the last couple of years the Profit Margin of VSEC has declined.
  • VSEC has a Operating Margin (8.57%) which is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of VSEC has remained more or less at the same level.
  • VSEC's Gross Margin of 14.22% is on the low side compared to the rest of the industry. VSEC is outperformed by 77.50% of its industry peers.
  • In the last couple of years the Gross Margin of VSEC has grown nicely.
Industry RankSector Rank
OM 8.57%
PM (TTM) 1.05%
GM 14.22%
OM growth 3Y13.46%
OM growth 5Y0.68%
PM growth 3Y-29.15%
PM growth 5YN/A
GM growth 3Y20.12%
GM growth 5Y4.52%
VSEC Yearly Profit, Operating, Gross MarginsVSEC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10

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5

2. VSEC Health Analysis

2.1 Basic Checks

  • VSEC has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for VSEC has been increased compared to 1 year ago.
  • Compared to 5 years ago, VSEC has more shares outstanding
  • VSEC has a better debt/assets ratio than last year.
VSEC Yearly Shares OutstandingVSEC Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M
VSEC Yearly Total Debt VS Total AssetsVSEC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

2.2 Solvency

  • VSEC has an Altman-Z score of 7.71. This indicates that VSEC is financially healthy and has little risk of bankruptcy at the moment.
  • VSEC has a better Altman-Z score (7.71) than 76.25% of its industry peers.
  • The Debt to FCF ratio of VSEC is 51.29, which is on the high side as it means it would take VSEC, 51.29 years of fcf income to pay off all of its debts.
  • With a Debt to FCF ratio value of 51.29, VSEC perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
  • VSEC has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
  • VSEC has a Debt to Equity ratio of 0.20. This is in the better half of the industry: VSEC outperforms 68.75% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 51.29
Altman-Z 7.71
ROIC/WACC0.41
WACC10.27%
VSEC Yearly LT Debt VS Equity VS FCFVSEC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B

2.3 Liquidity

  • A Current Ratio of 3.76 indicates that VSEC has no problem at all paying its short term obligations.
  • VSEC's Current ratio of 3.76 is fine compared to the rest of the industry. VSEC outperforms 67.50% of its industry peers.
  • A Quick Ratio of 1.43 indicates that VSEC should not have too much problems paying its short term obligations.
  • VSEC has a Quick ratio (1.43) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 3.76
Quick Ratio 1.43
VSEC Yearly Current Assets VS Current LiabilitesVSEC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

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

7

3. VSEC Growth Analysis

3.1 Past

  • VSEC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 25.00%, which is quite impressive.
  • The Earnings Per Share has been growing by 10.25% on average over the past years. This is quite good.
  • VSEC shows a small growth in Revenue. In the last year, the Revenue has grown by 2.98%.
  • VSEC shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.95% yearly.
EPS 1Y (TTM)25%
EPS 3Y10.25%
EPS 5YN/A
EPS Q2Q%28.89%
Revenue 1Y (TTM)2.98%
Revenue growth 3Y5.4%
Revenue growth 5Y10.95%
Sales Q2Q%0.72%

3.2 Future

  • VSEC is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.94% yearly.
  • Based on estimates for the next years, VSEC will show a very strong growth in Revenue. The Revenue will grow by 20.89% on average per year.
EPS Next Y7.81%
EPS Next 2Y13.18%
EPS Next 3Y16.57%
EPS Next 5Y7.94%
Revenue Next Year31.02%
Revenue Next 2Y26.13%
Revenue Next 3Y21.05%
Revenue Next 5Y20.89%

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 accelerating.
VSEC Yearly Revenue VS EstimatesVSEC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 500M 1B 1.5B 2B 2.5B
VSEC Yearly EPS VS EstimatesVSEC Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6

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2

4. VSEC Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 56.56, which means the current valuation is very expensive for VSEC.
  • Compared to the rest of the industry, the Price/Earnings ratio of VSEC is on the same level as its industry peers.
  • The average S&P500 Price/Earnings ratio is at 27.33. VSEC is valued rather expensively when compared to this.
  • Based on the Price/Forward Earnings ratio of 52.46, the valuation of VSEC can be described as expensive.
  • VSEC's Price/Forward Earnings ratio is in line with the industry average.
  • VSEC is valuated rather expensively when we compare the Price/Forward Earnings ratio to 38.16, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 56.56
Fwd PE 52.46
VSEC Price Earnings VS Forward Price EarningsVSEC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as VSEC.
  • VSEC's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 1084.11
EV/EBITDA 47.79
VSEC Per share dataVSEC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates VSEC does not grow enough to justify the current Price/Earnings ratio.
  • VSEC's earnings are expected to grow with 16.57% in the coming years. This may justify a more expensive valuation.
PEG (NY)7.24
PEG (5Y)N/A
EPS Next 2Y13.18%
EPS Next 3Y16.57%

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

5

5. VSEC Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.18%, VSEC is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 0.35, VSEC pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, VSEC's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.18%

5.2 History

  • The dividend of VSEC has a limited annual growth rate of 0.90%.
  • VSEC has been paying a dividend for at least 10 years, so it has a reliable track record.
  • VSEC has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.9%
Div Incr Years0
Div Non Decr Years34
VSEC Yearly Dividends per shareVSEC Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 0 0 0 0

5.3 Sustainability

  • VSEC pays out 70.61% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of VSEC is growing, but earnings are growing more, so the dividend growth is sustainable.
DP70.61%
EPS Next 2Y13.18%
EPS Next 3Y16.57%
VSEC Yearly Income VS Free CF VS DividendVSEC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M -20M 40M -40M
VSEC Dividend Payout.VSEC Dividend Payout, showing the Payout Ratio.VSEC Dividend Payout.PayoutRetained Earnings

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VSEC Fundamentals: All Metrics, Ratios and Statistics

VSE CORP

NASDAQ:VSEC (4/15/2026, 9:58:07 AM)

220.57

-1.76 (-0.79%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)02-25
Earnings (Next)04-29
Inst Owners100.78%
Inst Owner Change-0.01%
Ins Owners1.77%
Ins Owner Change1.86%
Market Cap6.19B
Revenue(TTM)1.11B
Net Income(TTM)11.70M
Analysts86.67
Price Target245.64 (11.37%)
Short Float %12.11%
Short Ratio4.11
Dividend
Industry RankSector Rank
Dividend Yield 0.18%
Yearly Dividend0.38
Dividend Growth(5Y)0.9%
DP70.61%
Div Incr Years0
Div Non Decr Years34
Ex-Date04-15
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)21.48%
Min EPS beat(2)15.55%
Max EPS beat(2)27.42%
EPS beat(4)4
Avg EPS beat(4)27.38%
Min EPS beat(4)15.55%
Max EPS beat(4)33.94%
EPS beat(8)7
Avg EPS beat(8)20.4%
EPS beat(12)11
Avg EPS beat(12)20.43%
EPS beat(16)14
Avg EPS beat(16)18.24%
Revenue beat(2)2
Avg Revenue beat(2)1.14%
Min Revenue beat(2)0.3%
Max Revenue beat(2)1.98%
Revenue beat(4)4
Avg Revenue beat(4)1.32%
Min Revenue beat(4)0.3%
Max Revenue beat(4)1.98%
Revenue beat(8)6
Avg Revenue beat(8)1.08%
Revenue beat(12)7
Avg Revenue beat(12)-1.32%
Revenue beat(16)9
Avg Revenue beat(16)-1.91%
PT rev (1m)4.84%
PT rev (3m)16.05%
EPS NQ rev (1m)-1.56%
EPS NQ rev (3m)-2.22%
EPS NY rev (1m)0.23%
EPS NY rev (3m)-3.37%
Revenue NQ rev (1m)1.43%
Revenue NQ rev (3m)3.9%
Revenue NY rev (1m)4.78%
Revenue NY rev (3m)14.66%
Valuation
Industry RankSector Rank
PE 56.56
Fwd PE 52.46
P/S 5.56
P/FCF 1084.11
P/OCF 229.31
P/B 4.3
P/tB 12.34
EV/EBITDA 47.79
EPS(TTM)3.9
EY1.77%
EPS(NY)4.2
Fwd EY1.91%
FCF(TTM)0.2
FCFY0.09%
OCF(TTM)0.96
OCFY0.44%
SpS39.64
BVpS51.28
TBVpS17.88
PEG (NY)7.24
PEG (5Y)N/A
Graham Number67.0782 (-69.59%)
Profitability
Industry RankSector Rank
ROA 0.58%
ROE 0.81%
ROCE 5.32%
ROIC 4.23%
ROICexc 4.4%
ROICexgc 9.66%
OM 8.57%
PM (TTM) 1.05%
GM 14.22%
FCFM 0.51%
ROA(3y)1.45%
ROA(5y)1.61%
ROE(3y)2.9%
ROE(5y)3.38%
ROIC(3y)4.18%
ROIC(5y)4.13%
ROICexc(3y)4.27%
ROICexc(5y)4.19%
ROICexgc(3y)8.46%
ROICexgc(5y)8.05%
ROCE(3y)5.26%
ROCE(5y)5.2%
ROICexgc growth 3Y-1.73%
ROICexgc growth 5Y-7.91%
ROICexc growth 3Y-8.36%
ROICexc growth 5Y-8.35%
OM growth 3Y13.46%
OM growth 5Y0.68%
PM growth 3Y-29.15%
PM growth 5YN/A
GM growth 3Y20.12%
GM growth 5Y4.52%
F-Score6
Asset Turnover0.55
Health
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 51.29
Debt/EBITDA 2.11
Cap/Depr 53.3%
Cap/Sales 1.91%
Interest Coverage 3.55
Cash Conversion 19.96%
Profit Quality 48.78%
Current Ratio 3.76
Quick Ratio 1.43
Altman-Z 7.71
F-Score6
WACC10.27%
ROIC/WACC0.41
Cap/Depr(3y)68.33%
Cap/Depr(5y)57.99%
Cap/Sales(3y)2.66%
Cap/Sales(5y)2.11%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)25%
EPS 3Y10.25%
EPS 5YN/A
EPS Q2Q%28.89%
EPS Next Y7.81%
EPS Next 2Y13.18%
EPS Next 3Y16.57%
EPS Next 5Y7.94%
Revenue 1Y (TTM)2.98%
Revenue growth 3Y5.4%
Revenue growth 5Y10.95%
Sales Q2Q%0.72%
Revenue Next Year31.02%
Revenue Next 2Y26.13%
Revenue Next 3Y21.05%
Revenue Next 5Y20.89%
EBIT growth 1Y-2.78%
EBIT growth 3Y19.59%
EBIT growth 5Y11.7%
EBIT Next Year195.49%
EBIT Next 3Y60.6%
EBIT Next 5Y36.69%
FCF growth 1Y111.03%
FCF growth 3YN/A
FCF growth 5Y-28.86%
OCF growth 1Y186.96%
OCF growth 3Y49.67%
OCF growth 5Y-5.47%

VSE CORP / VSEC Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for VSE CORP?

ChartMill assigns a fundamental rating of 5 / 10 to VSEC.


What is the valuation status for VSEC stock?

ChartMill assigns a valuation rating of 2 / 10 to VSE CORP (VSEC). This can be considered as Overvalued.


Can you provide the profitability details for VSE CORP?

VSE CORP (VSEC) has a profitability rating of 4 / 10.


How financially healthy is VSE CORP?

The financial health rating of VSE CORP (VSEC) is 5 / 10.


Can you provide the expected EPS growth for VSEC stock?

The Earnings per Share (EPS) of VSE CORP (VSEC) is expected to grow by 7.81% in the next year.