NSI N.V. is a specialist commercial property investor and the only listed real estate investment trust (REIT) focused on well-located offices in economic growth regions in The Netherlands.
Proven track record and fair value.
Share Price & News
How has NSI's share price performed over time and what events caused price changes?
Latest Share Price and Events
7 Day Return
1 Year Return
Return vs Industry: NSI exceeded the Dutch REITs industry which returned -14.2% over the past year.
Return vs Market: NSI exceeded the Dutch Market which returned 6.3% over the past year.
Price Volatility Vs. Market
How volatile is NSI's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall StIs There Now An Opportunity In NSI N.V. (AMS:NSI)?
1 month ago | Simply Wall StWhat Kind Of Investor Owns Most Of NSI N.V. (AMS:NSI)?
2 months ago | Simply Wall StWhat You Must Know About NSI N.V.'s (AMS:NSI) Beta Value
Is NSI undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: NSI (€41.2) is trading below our estimate of fair value (€60.04)
Significantly Undervalued: NSI is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: NSI is good value based on its PE Ratio (5.9x) compared to the REITs industry average (13.7x).
PE vs Market: NSI is good value based on its PE Ratio (5.9x) compared to the Dutch market (19.4x).
Price to Earnings Growth Ratio
Low PEG Ratio: NSI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: NSI is overvalued based on its PB Ratio (1x) compared to the NL REITs industry average (0.7x).
How is NSI forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NSI's earnings are forecast to decline over the next 3 years (-26.7% per year).
Earnings vs Market: NSI's earnings are forecast to decline over the next 3 years (-26.7% per year).
High Growth Earnings: NSI's earnings are forecast to decline over the next 3 years.
Revenue vs Market: NSI's revenue is expected to decline over the next 3 years (-2.2% per year).
High Growth Revenue: NSI's revenue is forecast to decline over the next 3 years (-2.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: NSI's Return on Equity is forecast to be low in 3 years time (11.1%).
How has NSI performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: NSI has become profitable over the past 5 years, growing earnings by 75.4% per year.
Accelerating Growth: NSI's earnings growth over the past year (24.5%) is below its 5-year average (75.4% per year).
Earnings vs Industry: NSI earnings growth over the past year (24.5%) exceeded the REITs industry 16.8%.
Return on Equity
High ROE: NSI's Return on Equity (16.1%) is considered low.
Return on Assets
ROA vs Industry: NSI has a higher Return on Assets than the REITs industry average last year.
Return on Capital Employed
ROCE Improving: NSI has significantly improved its Return on Capital Employed over the past 3 years.
How is NSI's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: NSI has a high level of physical assets or inventory.
Debt Coverage by Assets: NSI's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: NSI's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if NSI has a sufficient allowance for bad loans.
Low Risk Liabilities: NSI reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if NSI has an acceptable proportion of non-loan assets held.
Low Risk Deposits: NSI has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if NSI has an appropriate level of bad loans.
What is NSI's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: NSI's dividend (5.24%) is higher than the bottom 25% of dividend payers in the Dutch market (2.24%).
High Dividend: NSI's dividend (5.24%) is low compared to the top 25% of dividend payers in the Dutch market (5.95%).
Stable Dividend: NSI's dividend payments have been volatile in the past 10 years.
Growing Dividend: NSI's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (64.2%), NSI's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NSI's dividends in 3 years are forecast to be thoroughly covered by earnings (4.4% payout ratio).
What is the CEO of NSI's salary, the management and board of directors tenure and is there insider trading?
Average management tenure
Bernd Stahli (48yo)
Mr. Bernd A. Stahli has been the Chief Executive Officer and Member of Management Board at NSI N.V. since September 1, 2016. Previously, Mr. Stahli served as a Managing Director Securities of European Real ...
CEO Compensation Analysis
Compensation vs. Market: Bernd's total compensation ($USD661.77K) is below average for companies of similar size in the Dutch market ($USD1.26M).
Compensation vs Earnings: Bernd's compensation has been consistent with company performance over the past year.
Management Age and Tenure
Experienced Management: NSI's management team is considered experienced (3.1 years average tenure).
Board Age and Tenure
Experienced Board: NSI's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Bernd Stahli (48yo)
CEO & Member of Management Board
- Tenure: 3.1yrs
- Compensation: €595.00k
Anne de Jong (49yo)
Chief Investment Officer & Member of Management Board
- Tenure: 3.4yrs
- Compensation: €484.00k
IR Officer and Manager Corporate Communication
- Tenure: 0yrs
Alianne de Jong (44yo)
CFO & Member of Management Board
- Tenure: 2.1yrs
- Compensation: €318.00k
Luurt van der Ploeg (49yo)
Supervisory Board Chairman
- Tenure: 2.5yrs
Harm M. Meijer (44yo)
Member of Supervisory Board
- Tenure: 3.5yrs
Karin Koks-Van der Sluijs (51yo)
Vice Chairman of Supervisory Board
- Tenure: 0yrs
G. Haandrikman (54yo)
Member of Supervisory Board
- Tenure: 2.3yrs
NSI N.V.'s company bio, employee growth, exchange listings and data sources
- Name: NSI N.V.
- Ticker: NSI
- Exchange: ENXTAM
- Founded: 1993
- Industry: Office REITs
- Sector: Real Estate
- Market Cap: €779.412m
- Shares outstanding: 18.92m
- Website: https://www.nsi.nl
Number of Employees
- NSI N.V.
- Antareslaan 69-75
- 3132 JE
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NSI||ENXTAM (Euronext Amsterdam)||Yes||Ordinary Shares||NL||EUR||Apr 1998|
|N4RN||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Apr 1998|
|0RQN||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Apr 1998|
|NIUW.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Apr 1998|
NSI N.V. is a specialist commercial property investor and the only listed real estate investment trust (REIT) focused on well-located offices in economic growth regions in The Netherlands. The NSI team aim ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2019/10/17 20:57|
|End of Day Share Price||2019/10/17 00:00|
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.