VSE CORP (VSEC) Fundamental Analysis & Valuation

NASDAQ:VSEC • US9182841000

Current stock price

170.89 USD
-2.68 (-1.54%)
At close:
170.89 USD
0 (0%)
After Hours:

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.
  • Each year in the past 5 years VSEC has 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

  • Looking at the Return On Assets, with a value of 0.58%, VSEC is in line with its industry, outperforming 40.51% of the companies in the same industry.
  • The Return On Equity of VSEC (0.81%) is comparable to the rest of the industry.
  • VSEC has a Return On Invested Capital (4.23%) which is comparable to the rest of the industry.
  • The Average Return On Invested Capital over the past 3 years for VSEC is significantly below the industry average of 9.24%.
  • 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.
  • Looking at the Operating Margin, with a value of 8.57%, VSEC is in line with its industry, outperforming 50.63% of the companies in the same industry.
  • In the last couple of years the Operating Margin of VSEC has remained more or less at the same level.
  • Looking at the Gross Margin, with a value of 14.22%, VSEC is doing worse than 77.22% of the companies in the same industry.
  • 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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VSEC 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 6.31. This indicates that VSEC is financially healthy and has little risk of bankruptcy at the moment.
  • VSEC has a better Altman-Z score (6.31) than 74.68% of its industry peers.
  • VSEC has a debt to FCF ratio of 51.29. This is a negative value and a sign of low solvency as VSEC would need 51.29 years to pay back of 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 6.31
ROIC/WACC0.41
WACC10.25%
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 70.89% 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's Quick ratio of 1.43 is in line compared to the rest of the industry. VSEC outperforms 46.84% of 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

  • The Earnings Per Share has grown by an impressive 25.00% over the past year.
  • 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

  • The Earnings Per Share is expected to grow by 7.94% on average over the next years.
  • 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 Y7.56%
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

  • 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

  • Based on the Price/Earnings ratio of 43.82, the valuation of VSEC can be described as expensive.
  • VSEC's Price/Earnings ratio is in line with the industry average.
  • When comparing the Price/Earnings ratio of VSEC to the average of the S&P500 Index (24.88), we can say VSEC is valued expensively.
  • With a Price/Forward Earnings ratio of 40.74, VSEC can be considered very expensive at the moment.
  • The rest of the industry has a similar Price/Forward Earnings ratio as VSEC.
  • VSEC is valuated expensively when we compare the Price/Forward Earnings ratio to 22.19, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 43.82
Fwd PE 40.74
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 837.84
EV/EBITDA 37.58
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 16.69% in the coming years. This may justify a more expensive valuation.
PEG (NY)5.8
PEG (5Y)N/A
EPS Next 2Y12.76%
EPS Next 3Y16.69%

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

5

5. VSEC Dividend Analysis

5.1 Amount

  • VSEC has a yearly dividend return of 0.18%, which is pretty low.
  • VSEC's Dividend Yield is a higher than the industry average which is at 0.36.
  • Compared to an average S&P500 Dividend Yield of 1.90, 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 paid a dividend for at least 10 years, which is a reliable track record.
  • VSEC has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
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.
  • The dividend of VSEC is growing, but earnings are growing more, so the dividend growth is 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

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VSEC Fundamentals: All Metrics, Ratios and Statistics

VSE CORP

NASDAQ:VSEC (3/27/2026, 8:00:01 PM)

After market: 170.89 0 (0%)

170.89

-2.68 (-1.54%)

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 Cap4.78B
Revenue(TTM)1.11B
Net Income(TTM)11.70M
Analysts86.67
Price Target249.59 (46.05%)
Short Float %6.59%
Short Ratio3.38
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)1.38%
PT rev (3m)10.93%
EPS NQ rev (1m)-6.39%
EPS NQ rev (3m)-0.67%
EPS NY rev (1m)-8.67%
EPS NY rev (3m)-3.41%
Revenue NQ rev (1m)2.8%
Revenue NQ rev (3m)3.5%
Revenue NY rev (1m)7.78%
Revenue NY rev (3m)14.77%
Valuation
Industry RankSector Rank
PE 43.82
Fwd PE 40.74
P/S 4.3
P/FCF 837.84
P/OCF 177.22
P/B 3.32
P/tB 9.54
EV/EBITDA 37.58
EPS(TTM)3.9
EY2.28%
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)5.8
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 6.31
F-Score6
WACC10.25%
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 Y7.56%
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 43.82 and the Price/Book (PB) ratio is 3.32.


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%.