Veidekke ASA operates as a construction and property development company in Norway, Sweden, and Denmark. More Details
Flawless balance sheet and slightly overvalued.
Share Price & News
How has Veidekke's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VEI has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: VEI exceeded the Norwegian Construction industry which returned -21.5% over the past year.
Return vs Market: VEI exceeded the Norwegian Market which returned -8.8% over the past year.
Price Volatility Vs. Market
How volatile is Veidekke's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall StWill Veidekke (OB:VEI) Multiply In Value Going Forward?
3 weeks ago | Simply Wall StHow Many Veidekke ASA (OB:VEI) Shares Do Institutions Own?
1 month ago | Simply Wall StVeidekke ASA's (OB:VEI) Popularity With Investors Is Clear
Is Veidekke undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VEI (NOK109.2) is trading below our estimate of fair value (NOK150.4)
Significantly Below Fair Value: VEI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: VEI is poor value based on its PE Ratio (40.9x) compared to the XE Construction industry average (10.3x).
PE vs Market: VEI is poor value based on its PE Ratio (40.9x) compared to the Norwegian market (15.6x).
Price to Earnings Growth Ratio
PEG Ratio: VEI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: VEI is overvalued based on its PB Ratio (3.4x) compared to the XE Construction industry average (1x).
How is Veidekke 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: VEI's earnings are forecast to decline over the next 3 years (-18.8% per year).
Earnings vs Market: VEI's earnings are forecast to decline over the next 3 years (-18.8% per year).
High Growth Earnings: VEI's earnings are forecast to decline over the next 3 years.
Revenue vs Market: VEI's revenue (0.8% per year) is forecast to grow slower than the Norwegian market (5.5% per year).
High Growth Revenue: VEI's revenue (0.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VEI's Return on Equity is forecast to be high in 3 years time (28.6%)
How has Veidekke performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VEI has high quality earnings.
Growing Profit Margin: VEI's current net profit margins (1%) are lower than last year (1.4%).
Past Earnings Growth Analysis
Earnings Trend: VEI's earnings have declined by 17.9% per year over the past 5 years.
Accelerating Growth: VEI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: VEI had negative earnings growth (-25.9%) over the past year, making it difficult to compare to the Construction industry average (2.1%).
Return on Equity
High ROE: VEI's Return on Equity (9.9%) is considered low.
How is Veidekke's financial position?
Financial Position Analysis
Short Term Liabilities: VEI's short term assets (NOK16.4B) exceed its short term liabilities (NOK14.1B).
Long Term Liabilities: VEI's short term assets (NOK16.4B) exceed its long term liabilities (NOK4.4B).
Debt to Equity History and Analysis
Debt Level: VEI's debt to equity ratio (36.1%) is considered satisfactory.
Reducing Debt: VEI's debt to equity ratio has reduced from 82% to 36.1% over the past 5 years.
Debt Coverage: VEI's debt is well covered by operating cash flow (74.2%).
Interest Coverage: VEI's interest payments on its debt are well covered by EBIT (13x coverage).
What is Veidekke current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate VEI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate VEI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if VEI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if VEI's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: VEI is not paying a notable dividend for the Norwegian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of VEI's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jimmy Bengtsson (54 yo)
Mr. Jimmy Bengtsson serves as Group Chief Executive Officer of Veidekke ASA since September 1,2019. Mr. Bengtsson served as Executive Vice President of Construction Sweden at Veidekke ASA since January 1, ...
CEO Compensation Analysis
Compensation vs Market: Jimmy's total compensation ($USD404.26K) is about average for companies of similar size in the Norwegian market ($USD561.07K).
Compensation vs Earnings: Jimmy's compensation has been consistent with company performance over the past year.
|Group Chief Executive Officer||1.08yrs||kr3.73m||0.036% |
|Executive VP & CFO||0.17yr||kr3.42m||0.081% |
|Executive VP for HR & OHS||2yrs||kr2.33m||0.022% |
|Executive Vice President of Risk Management & IT||0.17yr||kr2.92m||0.083% |
|Executive Vice President of Strategy & Sustainability||0.75yr||kr2.63m||0.011% |
|Executive Vice President of Building Construction Norway||2.25yrs||kr3.11m||0.053% |
|Executive Vice President of Veidekke Infrastructure||2.33yrs||kr2.57m||0.0060% |
|Executive Vice President of Veidekke Sweden||1.08yrs||kr3.09m||0.015% |
|Senior Vice President of Accounting & Controlling||no data||no data||0.0060% |
|Head of Finance & IR||no data||no data||no data|
|Executive Vice President of Communications & Branding||0.083yr||no data||no data|
|Head of Operations in Denmark||no data||kr800.00k||no data|
Experienced Management: VEI's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
|Chairman of the Board||1.42yrs||no data||0.0017% |
|Director||0.75yr||no data||no data|
|Employee Representative Director||12.75yrs||kr1.01m||0.0061% |
|Employee Representative Director||9.75yrs||kr1.14m||0.0036% |
|Employee Representative Director||5.42yrs||kr1.10m||0.0061% |
Experienced Board: VEI's board of directors are considered experienced (4.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: VEI insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Veidekke ASA's company bio, employee growth, exchange listings and data sources
- Name: Veidekke ASA
- Ticker: VEI
- Exchange: OB
- Founded: 1936
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: kr15.338b
- Shares outstanding: 135.02m
- Website: https://www.veidekke.com
Number of Employees
- Veidekke ASA
- Skabos vei 4
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|VEI||OB (Oslo Bors)||Yes||Common Shares||NO||NOK||Jun 1992|
|0GF6||LSE (London Stock Exchange)||Yes||Common Shares||GB||NOK||Jun 1992|
|VK4||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jun 1992|
|VEIO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Common Shares||GB||NOK||Jun 1992|
Veidekke ASA operates as a construction and property development company in Norway, Sweden, and Denmark. The company operates through Construction and Industrial segments. It undertakes various building co ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/26 21:40|
|End of Day Share Price||2020/10/26 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.