VSE Corporation

NasdaqGS:VSEC Stock Report

Market Cap: US$2.2b

VSE Valuation

Is VSEC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of VSEC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: VSEC ($109.38) is trading below our estimate of fair value ($224.37)

Significantly Below Fair Value: VSEC is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VSEC?

Key metric: As VSEC is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for VSEC. This is calculated by dividing VSEC's market cap by their current earnings.
What is VSEC's PE Ratio?
PE Ratio66x
EarningsUS$33.81m
Market CapUS$2.22b

Price to Earnings Ratio vs Peers

How does VSEC's PE Ratio compare to its peers?

The above table shows the PE ratio for VSEC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average69.3x
KAR OPENLANE
104.3x81.6%US$2.2b
VSTS Vestis
101x38.7%US$2.2b
UNF UniFirst
23.8x6.9%US$3.5b
LQDT Liquidity Services
47.9xn/aUS$1.0b
VSEC VSE
66x48.0%US$2.2b

Price-To-Earnings vs Peers: VSEC is good value based on its Price-To-Earnings Ratio (66x) compared to the peer average (69.3x).

Price to Earnings Ratio vs Industry

How does VSEC's PE Ratio compare vs other companies in the US Commercial Services Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SGTM Sustainable Green Team
3xn/aUS$42.04m
PGTK Pacific Green Technologies
3.3xn/aUS$22.74m
OMEX Odyssey Marine Exploration
0.6xn/aUS$7.22m
BLPG Blue Line Protection Group
3.8xn/aUS$476.03k
VSEC 66.0xIndustry Avg. 32.0xNo. of Companies9PE020406080100+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VSEC is expensive based on its Price-To-Earnings Ratio (66x) compared to the US Commercial Services industry average (32x).

Price to Earnings Ratio vs Fair Ratio

What is VSEC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VSEC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio66x
Fair PE Ratio41.5x

Price-To-Earnings vs Fair Ratio: VSEC is expensive based on its Price-To-Earnings Ratio (66x) compared to the estimated Fair Price-To-Earnings Ratio (41.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst VSEC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$109.38
US$135.00
+23.4%
2.0%US$140.00US$132.00n/a5
Dec ’25US$117.26
US$125.00
+6.6%
10.4%US$135.00US$100.00n/a5
Nov ’25US$103.33
US$113.00
+9.4%
6.6%US$120.00US$100.00n/a5
Oct ’25US$83.31
US$99.60
+19.6%
1.4%US$101.00US$97.00n/a5
Sep ’25US$93.03
US$99.33
+6.8%
1.4%US$101.00US$97.00n/a6
Aug ’25US$84.19
US$99.20
+17.8%
1.5%US$101.00US$97.00n/a5
Jul ’25US$85.59
US$96.80
+13.1%
5.0%US$101.00US$90.00n/a5
Jun ’25US$81.86
US$92.00
+12.4%
6.3%US$101.00US$85.00n/a4
May ’25US$77.63
US$88.00
+13.4%
2.9%US$91.00US$85.00n/a4
Apr ’25US$79.02
US$85.50
+8.2%
4.6%US$91.00US$80.00n/a4
Mar ’25US$75.43
US$85.50
+13.4%
4.6%US$91.00US$80.00n/a4
Feb ’25US$61.99
US$80.25
+29.5%
7.9%US$86.00US$70.00n/a4
Jan ’25US$64.61
US$78.00
+20.7%
7.0%US$85.00US$70.00n/a4
Dec ’24US$61.45
US$78.00
+26.9%
7.0%US$85.00US$70.00US$117.264
Nov ’24US$54.06
US$70.50
+30.4%
8.2%US$80.00US$65.00US$103.334
Oct ’24US$50.44
US$68.50
+35.8%
3.9%US$72.00US$65.00US$83.314
Sep ’24US$57.52
US$68.50
+19.1%
3.9%US$72.00US$65.00US$93.034
Aug ’24US$54.79
US$68.50
+25.0%
3.9%US$72.00US$65.00US$84.194
Jul ’24US$54.69
US$66.75
+22.1%
6.1%US$70.00US$60.00US$85.594
Jun ’24US$48.37
US$66.75
+38.0%
6.1%US$70.00US$60.00US$81.864
May ’24US$42.98
US$57.75
+34.4%
9.5%US$65.00US$50.00US$77.634
Apr ’24US$44.90
US$57.20
+27.4%
8.8%US$65.00US$50.00US$79.025
Mar ’24US$58.10
US$57.80
-0.5%
8.5%US$65.00US$50.00US$75.435
Feb ’24US$56.07
US$57.80
+3.1%
8.5%US$65.00US$50.00US$61.995
Jan ’24US$46.88
US$55.20
+17.7%
10.2%US$65.00US$48.00US$64.615
Dec ’23US$50.24
US$55.20
+9.9%
10.2%US$65.00US$48.00US$61.455

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/17 23:53
End of Day Share Price 2024/12/17 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

VSE Corporation is covered by 11 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Joshua SullivanBenchmark Company
Jeffrey Van SinderenB. Riley Securities, Inc.
Kenneth HerbertCanaccord Genuity