VEIO Stock Overview

Operates as a construction and property development company in Norway, Sweden, and Denmark. More details

VEIO fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	3/6
Past Performance	5/6
Financial Health	5/6
Dividends	5/6

Rewards

Trading at 20.3% below our estimate of its fair value

Earnings are forecast to grow 4.87% per year

Earnings have grown 20.1% per year over the past 5 years

Risk Analysis

Shares are highly illiquid

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

Veidekke ASA Competitors

Keller Group

LSE:KLR

UK£1.0b

Morgan Sindall Group

LSE:MGNS

UK£1.8b

Balfour Beatty

LSE:BBY

UK£2.3b

Renew Holdings

AIM:RNWH

UK£747.1m

Price History & Performance

Summary of share price highs, lows and changes for Veidekke
Historical stock prices
Current Share Price	NOK 119.60
52 Week High	NOK 119.60
52 Week Low	NOK 96.05
Beta	1.02
1 Month Change	0%
3 Month Change	n/a
1 Year Change	17.83%
3 Year Change	-7.36%
5 Year Change	2.13%
Change since IPO	-4.70%

Recent updates

Shareholder Returns

	VEIO	GB Construction	GB Market
7D	0%	-1.7%	-2.6%
1Y	17.8%	41.3%	2.4%

Return vs Industry: VEIO underperformed the UK Construction industry which returned 48.3% over the past year.

Return vs Market: VEIO exceeded the UK Market which returned 9.2% over the past year.

Price Volatility

Is VEIO's price volatile compared to industry and market?
VEIO volatility
VEIO Average Weekly Movement	n/a
Construction Industry Average Movement	4.2%
Market Average Movement	4.8%
10% most volatile stocks in GB Market	10.6%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: VEIO's share price has been volatile over the past 3 months compared to the UK market.

Volatility Over Time: Insufficient data to determine VEIO's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1936	7,865	Jimmy Bengtsson	www.veidekke.com

Veidekke ASA operates as a construction and property development company in Norway, Sweden, and Denmark. It operates through Construction Norway, Infrastructure Norway, Construction Sweden, Infrastructure Sweden, and Denmark segments. The company executes civil engineering operation with projects in the road maintenance, railways, power production, and airport segments; and infrastructure, extractive and heavy industries, energy, and recycling facilities/landfill projects.

Veidekke ASA Fundamentals Summary

How do Veidekke's earnings and revenue compare to its market cap?
VEIO fundamental statistics
Market cap	NOK 18.45b
Earnings (TTM)	NOK 1.31b
Revenue (TTM)	NOK 42.05b

14.1x

P/E Ratio

0.4x

P/S Ratio

Is VEIO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VEIO income statement (TTM)
Revenue	NOK 42.05b
Cost of Revenue	NOK 26.79b
Gross Profit	NOK 15.26b
Other Expenses	NOK 13.95b
Earnings	NOK 1.31b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 13, 2025

Earnings per share (EPS)	9.66
Gross Margin	36.29%
Net Profit Margin	3.10%
Debt/Equity Ratio	19.0%

How did VEIO perform over the long term?

See historical performance and comparison

Dividends

5.8%

Current Dividend Yield

81%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/04 01:56
End of Day Share Price	2024/09/06 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Veidekke ASA is covered by 10 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Glenn Kringhaug	ABG Sundal Collier
Magnus Granerød	Beringer Finance AB
Mikkel Nyholt-Smedseng	Carnegie Investment Bank AB