VSE CORP (VSEC) Fundamental Analysis & Valuation

NASDAQ:VSEC • US9182841000

Current stock price

172.09 USD
+11.92 (+7.44%)
At close:
171.68 USD
-0.41 (-0.24%)
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

  • VSEC had positive earnings in the past year.
  • 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 doing worse than 60.00% of the companies in the same industry.
  • 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.
  • VSEC had an Average Return On Invested Capital over the past 3 years of 4.18%. This is significantly below the industry average of 9.41%.
  • 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

  • With a Profit Margin value of 1.05%, VSEC is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
  • VSEC's Profit Margin has declined in the last couple of years.
  • 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.
  • 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.
  • 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

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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

  • An Altman-Z score of 5.94 indicates that VSEC is not in any danger for bankruptcy at the moment.
  • With a decent Altman-Z score value of 5.94, VSEC is doing good in the industry, outperforming 72.50% of the companies in the same industry.
  • 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.
  • The Debt to FCF ratio of VSEC (51.29) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 0.20 indicates that VSEC is not too dependend on debt financing.
  • With a decent Debt to Equity ratio value of 0.20, VSEC is doing good in the industry, outperforming 66.25% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 51.29
Altman-Z 5.94
ROIC/WACC0.42
WACC10.02%
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.
  • VSEC has a Current ratio of 3.76. This is in the better half of the industry: VSEC outperforms 66.25% 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

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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.
  • 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.
  • Measured over the past years, VSEC shows a quite strong growth in Revenue. The Revenue has been growing by 10.95% on average per year.
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.
  • VSEC is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 20.89% yearly.
EPS Next Y7.81%
EPS Next 2Y13.18%
EPS Next 3Y16.57%
EPS Next 5Y7.94%
Revenue Next Year31.02%
Revenue Next 2Y26.1%
Revenue Next 3Y21.07%
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

  • VSEC is valuated quite expensively with a Price/Earnings ratio of 44.13.
  • VSEC's Price/Earnings ratio is a bit cheaper when compared to the industry. VSEC is cheaper than 61.25% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.54, VSEC is valued quite expensively.
  • The Price/Forward Earnings ratio is 40.93, which means the current valuation is very expensive for VSEC.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of VSEC is on the same level as its industry peers.
  • When comparing the Price/Forward Earnings ratio of VSEC to the average of the S&P500 Index (21.68), we can say VSEC is valued expensively.
Industry RankSector Rank
PE 44.13
Fwd PE 40.93
VSEC Price Earnings VS Forward Price EarningsVSEC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of VSEC is on the same level as its industry peers.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of VSEC is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 845.83
EV/EBITDA 34.89
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)5.65
PEG (5Y)N/A
EPS Next 2Y13.18%
EPS Next 3Y16.57%

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5

5. VSEC Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.22%, VSEC is not a good candidate for dividend investing.
  • In the last 3 months the price of VSEC has falen by -26.72%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
  • Compared to an average industry Dividend Yield of 0.38, VSEC pays a bit more dividend than its industry peers.
  • With a Dividend Yield of 0.22, VSEC pays less dividend than the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 0.22%

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 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

  • 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 (4/30/2026, 4:11:39 PM)

After market: 171.68 -0.41 (-0.24%)

172.09

+11.92 (+7.44%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Industry Strength70.81
Industry Growth88.2
Earnings (Last)02-25
Earnings (Next)05-05
Inst Owners100.78%
Inst Owner Change-0.58%
Ins Owners1.77%
Ins Owner Change1.86%
Market Cap4.83B
Revenue(TTM)1.11B
Net Income(TTM)11.70M
Analysts86.67
Price Target244.36 (42%)
Short Float %11.2%
Short Ratio4.42
Dividend
Industry RankSector Rank
Dividend Yield 0.22%
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)4.3%
PT rev (3m)13.87%
EPS NQ rev (1m)0.41%
EPS NQ rev (3m)-7.57%
EPS NY rev (1m)0.23%
EPS NY rev (3m)-6.61%
Revenue NQ rev (1m)0.45%
Revenue NQ rev (3m)3.29%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)12.82%
Valuation
Industry RankSector Rank
PE 44.13
Fwd PE 40.93
P/S 4.34
P/FCF 845.83
P/OCF 178.91
P/B 3.36
P/tB 9.63
EV/EBITDA 34.89
EPS(TTM)3.9
EY2.27%
EPS(NY)4.2
Fwd EY2.44%
FCF(TTM)0.2
FCFY0.12%
OCF(TTM)0.96
OCFY0.56%
SpS39.64
BVpS51.28
TBVpS17.88
PEG (NY)5.65
PEG (5Y)N/A
Graham Number67.0782 (-61.02%)
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 5.94
F-Score6
WACC10.02%
ROIC/WACC0.42
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 2Y26.1%
Revenue Next 3Y21.07%
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.