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Veidekke OB:VEI Stock Report

Last Price

NOK 141.40

Market Cap

NOK 18.9b

7D

1.7%

1Y

36.0%

Updated

17 Dec, 2024

Data

Company Financials +

Veidekke ASA

OB:VEI Stock Report

Market Cap: NOK 18.9b

VEI Stock Overview

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

VEI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance6/6
Financial Health5/6
Dividends4/6

Rewards

Trading at 17.2% below our estimate of its fair value

Earnings are forecast to grow 4.87% per year

Earnings grew by 20.3% over the past year

Risk Analysis

Unstable dividend track record


My Notes

Capture your thoughts, links and company narrative

Veidekke ASA Competitors

AF Gruppen

OB:AFG

NOK 16.3b

Norconsult

OB:NORCO

NOK 12.4b

Tomra Systems

OB:TOM

NOK 44.3b

Bonheur

OB:BONHR

NOK 11.1b

Price History & Performance

Summary of share price highs, lows and changes for Veidekke
Historical stock prices
Current Share PriceNOK 141.40
52 Week HighNOK 141.60
52 Week LowNOK 94.50
Beta1.02
1 Month Change5.05%
3 Month Change17.83%
1 Year Change35.96%
3 Year Change9.44%
5 Year Change17.64%
Change since IPO2,797.54%

Recent News & Updates

Analyst Estimates: Here's What Brokers Think Of Veidekke ASA (OB:VEI) After Its Third-Quarter Report

Nov 10
Analyst Estimates: Here's What Brokers Think Of Veidekke ASA (OB:VEI) After Its Third-Quarter Report

Veidekke (OB:VEI) Knows How To Allocate Capital Effectively

Oct 02
Veidekke (OB:VEI) Knows How To Allocate Capital Effectively

Recent updates

Analyst Estimates: Here's What Brokers Think Of Veidekke ASA (OB:VEI) After Its Third-Quarter Report

Nov 10
Analyst Estimates: Here's What Brokers Think Of Veidekke ASA (OB:VEI) After Its Third-Quarter Report

Veidekke (OB:VEI) Knows How To Allocate Capital Effectively

Oct 02
Veidekke (OB:VEI) Knows How To Allocate Capital Effectively

We Think Veidekke's (OB:VEI) Robust Earnings Are Conservative

Aug 22
We Think Veidekke's (OB:VEI) Robust Earnings Are Conservative

Earnings Beat: Veidekke ASA Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Aug 19
Earnings Beat: Veidekke ASA Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Is Now The Time To Put Veidekke (OB:VEI) On Your Watchlist?

Jul 17
Is Now The Time To Put Veidekke (OB:VEI) On Your Watchlist?

Veidekke ASA Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

May 11
Veidekke ASA Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Here's Why Shareholders May Consider Paying Veidekke ASA's (OB:VEI) CEO A Little More

May 01
Here's Why Shareholders May Consider Paying Veidekke ASA's (OB:VEI) CEO A Little More

Veidekke (OB:VEI) Will Pay A Larger Dividend Than Last Year At NOK7.90

Apr 26
Veidekke (OB:VEI) Will Pay A Larger Dividend Than Last Year At NOK7.90

Veidekke (OB:VEI) Is Increasing Its Dividend To NOK7.90

Apr 05
Veidekke (OB:VEI) Is Increasing Its Dividend To NOK7.90

Veidekke's (OB:VEI) Dividend Will Be Increased To NOK7.90

Mar 22
Veidekke's (OB:VEI) Dividend Will Be Increased To NOK7.90

Is It Time To Consider Buying Veidekke ASA (OB:VEI)?

Mar 13
Is It Time To Consider Buying Veidekke ASA (OB:VEI)?

Calculating The Fair Value Of Veidekke ASA (OB:VEI)

Feb 29
Calculating The Fair Value Of Veidekke ASA (OB:VEI)

Veidekke's (OB:VEI) Conservative Accounting Might Explain Soft Earnings

Feb 15
Veidekke's (OB:VEI) Conservative Accounting Might Explain Soft Earnings

Earnings Not Telling The Story For Veidekke ASA (OB:VEI)

Jan 05
Earnings Not Telling The Story For Veidekke ASA (OB:VEI)

These 4 Measures Indicate That Veidekke (OB:VEI) Is Using Debt Reasonably Well

Sep 30
These 4 Measures Indicate That Veidekke (OB:VEI) Is Using Debt Reasonably Well

Should You Think About Buying Veidekke ASA (OB:VEI) Now?

Jul 01
Should You Think About Buying Veidekke ASA (OB:VEI) Now?

Is Veidekke (OB:VEI) A Risky Investment?

Jun 13
Is Veidekke (OB:VEI) A Risky Investment?

Does Veidekke (OB:VEI) Deserve A Spot On Your Watchlist?

May 18
Does Veidekke (OB:VEI) Deserve A Spot On Your Watchlist?

Veidekke ASA's (OB:VEI) Intrinsic Value Is Potentially 25% Below Its Share Price

Apr 14
Veidekke ASA's (OB:VEI) Intrinsic Value Is Potentially 25% Below Its Share Price

Veidekke (OB:VEI) Is Increasing Its Dividend To NOK7.75

Feb 11
Veidekke (OB:VEI) Is Increasing Its Dividend To NOK7.75

Investors Should Be Encouraged By Veidekke's (OB:VEI) Returns On Capital

Feb 03
Investors Should Be Encouraged By Veidekke's (OB:VEI) Returns On Capital

Should You Think About Buying Veidekke ASA (OB:VEI) Now?

Jan 10
Should You Think About Buying Veidekke ASA (OB:VEI) Now?

Veidekke (OB:VEI) Seems To Use Debt Quite Sensibly

Nov 01
Veidekke (OB:VEI) Seems To Use Debt Quite Sensibly

Veidekke (OB:VEI) Is Achieving High Returns On Its Capital

Sep 08
Veidekke (OB:VEI) Is Achieving High Returns On Its Capital

These 4 Measures Indicate That Veidekke (OB:VEI) Is Using Debt Reasonably Well

Jul 26
These 4 Measures Indicate That Veidekke (OB:VEI) Is Using Debt Reasonably Well

Results: Veidekke ASA Delivered A Surprise Loss And Now Analysts Have New Forecasts

May 15
Results: Veidekke ASA Delivered A Surprise Loss And Now Analysts Have New Forecasts

Veidekke's (OB:VEI) Upcoming Dividend Will Be Larger Than Last Year's

May 06
Veidekke's (OB:VEI) Upcoming Dividend Will Be Larger Than Last Year's

Veidekke (OB:VEI) Is Paying Out A Larger Dividend Than Last Year

Apr 22
Veidekke (OB:VEI) Is Paying Out A Larger Dividend Than Last Year

Is Now The Time To Put Veidekke (OB:VEI) On Your Watchlist?

Mar 30
Is Now The Time To Put Veidekke (OB:VEI) On Your Watchlist?

Shareholder Returns

VEINO ConstructionNO Market
7D1.7%-1.4%-1.9%
1Y36.0%38.0%0.06%

Return vs Industry: VEI underperformed the Norwegian Construction industry which returned 38% over the past year.

Return vs Market: VEI exceeded the Norwegian Market which returned 0.1% over the past year.

Price Volatility

Is VEI's price volatile compared to industry and market?
VEI volatility
VEI Average Weekly Movement2.4%
Construction Industry Average Movement4.2%
Market Average Movement5.0%
10% most volatile stocks in NO Market10.9%
10% least volatile stocks in NO Market2.7%

Stable Share Price: VEI has not had significant price volatility in the past 3 months compared to the Norwegian market.

Volatility Over Time: VEI's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19367,865Jimmy Bengtssonwww.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?
VEI fundamental statistics
Market capNOK 18.94b
Earnings (TTM)NOK 1.31b
Revenue (TTM)NOK 42.05b

14.6x

P/E Ratio

0.5x

P/S Ratio

Is VEI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VEI income statement (TTM)
RevenueNOK 42.05b
Cost of RevenueNOK 26.79b
Gross ProfitNOK 15.26b
Other ExpensesNOK 13.95b
EarningsNOK 1.31b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 13, 2025

Earnings per share (EPS)9.66
Gross Margin36.29%
Net Profit Margin3.10%
Debt/Equity Ratio19.0%

How did VEI perform over the long term?

See historical performance and comparison

Dividends

5.6%

Current Dividend Yield

81%

Payout Ratio