VSE CORP (VSEC) Fundamental Analysis & Valuation

NASDAQ:VSEC • US9182841000

Current stock price

171.43 USD
+6.06 (+3.66%)
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

  • VSEC's Return On Assets of 0.58% is in line compared to the rest of the industry. VSEC outperforms 41.77% of its industry peers.
  • VSEC has a Return On Equity (0.81%) which is in line with its industry peers.
  • The Return On Invested Capital of VSEC (4.23%) is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for VSEC is significantly below the industry average of 9.20%.
  • The 3 year average ROIC (4.18%) for VSEC is below the current ROIC(4.23%), indicating increased profibility in the last year.
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

  • The Profit Margin of VSEC (1.05%) is comparable to the rest of the industry.
  • 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.
  • VSEC's Operating Margin has been stable in the last couple of years.
  • Looking at the Gross Margin, with a value of 14.22%, VSEC is doing worse than 75.95% of the companies in the same industry.
  • VSEC's Gross Margin has improved in the last couple of years.
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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. VSEC Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VSEC is destroying value.
  • Compared to 1 year ago, VSEC has more shares outstanding
  • VSEC has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for VSEC has been reduced compared to a year ago.
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

  • An Altman-Z score of 6.07 indicates that VSEC is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 6.07, VSEC is in the better half of the industry, outperforming 74.68% of the companies in the same industry.
  • 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.
  • VSEC has a Debt to FCF ratio of 51.29. This is comparable to the rest of the industry: VSEC outperforms 49.37% of its industry peers.
  • A Debt/Equity ratio of 0.20 indicates that VSEC is not too dependend on debt financing.
  • VSEC's Debt to Equity ratio of 0.20 is fine compared to the rest of the industry. VSEC outperforms 72.15% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 51.29
Altman-Z 6.07
ROIC/WACC0.43
WACC9.86%
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

  • VSEC has a Current Ratio of 3.76. This indicates that VSEC is financially healthy and has no problem in meeting its short term obligations.
  • The Current ratio of VSEC (3.76) is better than 70.89% of its industry peers.
  • VSEC has a Quick Ratio of 1.43. This is a normal value and indicates that VSEC is financially healthy and should not expect problems in meeting 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

More info and screens

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

7

3. VSEC Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 25.00% over the past year.
  • Measured over the past years, VSEC shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.25% on average per year.
  • The Revenue has been growing slightly by 2.98% in the past year.
  • 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

  • The Earnings Per Share is expected to grow by 7.94% on average over the next years.
  • VSEC is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 20.89% yearly.
EPS Next Y7.56%
EPS Next 2Y12.76%
EPS Next 3Y16.69%
EPS Next 5Y7.94%
Revenue Next Year30.93%
Revenue Next 2Y26.1%
Revenue Next 3Y20.99%
Revenue Next 5Y20.89%

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 decreasing.
  • 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

More info and screens

Find the best growth stocksShow best growing peers

2

4. VSEC Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 43.96 indicates a quite expensive valuation of VSEC.
  • VSEC's Price/Earnings is on the same level as the industry average.
  • VSEC is valuated expensively when we compare the Price/Earnings ratio to 24.75, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 40.87, the valuation of VSEC can be described as expensive.
  • VSEC's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, VSEC is valued quite expensively.
Industry RankSector Rank
PE 43.96
Fwd PE 40.87
VSEC Price Earnings VS Forward Price EarningsVSEC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

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 ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 840.48
EV/EBITDA 35.88
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 an expensive valuation of the company.
  • VSEC's earnings are expected to grow with 16.69% in the coming years. This may justify a more expensive valuation.
PEG (NY)5.82
PEG (5Y)N/A
EPS Next 2Y12.76%
EPS Next 3Y16.69%

More info and screens

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 0.36, VSEC pays a bit more dividend than its industry peers.
  • With a Dividend Yield of 0.18, VSEC pays less dividend than the S&P500 average, which is at 1.89.
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 paid a dividend for at least 10 years, which is 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

  • 70.61% of the earnings are spent on dividend by VSEC. This is not a sustainable payout ratio.
  • VSEC's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP70.61%
EPS Next 2Y12.76%
EPS Next 3Y16.69%
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

More info and screens

Find the best dividend stocksShow peers with best dividend

VSEC Fundamentals: All Metrics, Ratios and Statistics

VSE CORP

NASDAQ:VSEC (3/31/2026, 11:49:23 AM)

171.43

+6.06 (+3.66%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)02-25
Earnings (Next)05-04
Inst Owners96.07%
Inst Owner Change3.49%
Ins Owners1.6%
Ins Owner Change1.86%
Market Cap4.80B
Revenue(TTM)1.11B
Net Income(TTM)11.70M
Analysts86.67
Price Target249.59 (45.59%)
Short Float %8.21%
Short Ratio3.01
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)6.53%
PT rev (3m)17.92%
EPS NQ rev (1m)-8.31%
EPS NQ rev (3m)-2.31%
EPS NY rev (1m)-8.67%
EPS NY rev (3m)-3.59%
Revenue NQ rev (1m)1.31%
Revenue NQ rev (3m)3.54%
Revenue NY rev (1m)7.78%
Revenue NY rev (3m)14.59%
Valuation
Industry RankSector Rank
PE 43.96
Fwd PE 40.87
P/S 4.31
P/FCF 840.48
P/OCF 177.78
P/B 3.33
P/tB 9.57
EV/EBITDA 35.88
EPS(TTM)3.9
EY2.27%
EPS(NY)4.19
Fwd EY2.45%
FCF(TTM)0.2
FCFY0.12%
OCF(TTM)0.96
OCFY0.56%
SpS39.74
BVpS51.4
TBVpS17.92
PEG (NY)5.82
PEG (5Y)N/A
Graham Number67.16
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 6.07
F-Score6
WACC9.86%
ROIC/WACC0.43
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 Y7.56%
EPS Next 2Y12.76%
EPS Next 3Y16.69%
EPS Next 5Y7.94%
Revenue 1Y (TTM)2.98%
Revenue growth 3Y5.4%
Revenue growth 5Y10.95%
Sales Q2Q%0.72%
Revenue Next Year30.93%
Revenue Next 2Y26.1%
Revenue Next 3Y20.99%
Revenue Next 5Y20.89%
EBIT growth 1Y-2.78%
EBIT growth 3Y19.59%
EBIT growth 5Y11.7%
EBIT Next Year188.83%
EBIT Next 3Y60.45%
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.


How profitable is VSE CORP (VSEC) stock?

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


What are the PE and PB ratios of VSE CORP (VSEC) stock?

The Price/Earnings (PE) ratio for VSE CORP (VSEC) is 43.96 and the Price/Book (PB) ratio is 3.33.


How sustainable is the dividend of VSE CORP (VSEC) stock?

The dividend rating of VSE CORP (VSEC) is 5 / 10 and the dividend payout ratio is 70.61%.