We’ve recently updated our valuation analysis.

VSE Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

VSEC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.1x
Enterprise Value/EBITDA12.5x
PEG Ratio1.4x

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.
CompanyPEEstimated GrowthMarket Cap
Peer Average45.5x
CVEO Civeo
22.7x-32.6%US$516.6m
HCSG Healthcare Services Group
46.7x73.7%US$961.7m
KAR KAR Auction Services
73.2x165.6%US$1.6b
UNF UniFirst
35.2x24.4%US$3.7b
23.9x17.2%US$678.8m

Price-To-Earnings vs Peers: VSEC is good value based on its Price-To-Earnings Ratio (23.9x) compared to the peer average (45.5x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a14.6%
n/an/an/a

Price-To-Earnings vs Industry: VSEC is expensive based on its Price-To-Earnings Ratio (23.9x) compared to the US Commercial Services industry average (22.2x)


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 Ratio23.9x
Fair PE Ratio18.1x

Price-To-Earnings vs Fair Ratio: VSEC is expensive based on its Price-To-Earnings Ratio (23.9x) compared to the estimated Fair Price-To-Earnings Ratio (18.1x).


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 ($54.9) is trading below our estimate of fair value ($375.51)

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


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$54.90
US$57.80
+5.3%
8.5%US$65.00US$50.00n/a5
Jan ’24US$46.88
US$55.20
+17.7%
10.2%US$65.00US$48.00n/a5
Dec ’23US$50.24
US$55.20
+9.9%
10.2%US$65.00US$48.00n/a5
Nov ’23US$47.38
US$55.20
+16.5%
10.2%US$65.00US$48.00n/a5
Oct ’23US$35.40
US$54.80
+54.8%
10.8%US$65.00US$48.00n/a5
Sep ’23US$41.36
US$54.80
+32.5%
10.8%US$65.00US$48.00n/a5
Aug ’23US$40.97
US$54.80
+33.8%
10.8%US$65.00US$48.00n/a5
Jul ’23US$36.72
US$61.20
+66.7%
10.8%US$65.00US$48.00n/a5
Jun ’23US$38.79
US$62.00
+59.8%
10.2%US$66.00US$48.00n/a6
May ’23US$43.31
US$64.83
+49.7%
1.1%US$66.00US$64.00n/a6
Apr ’23US$45.71
US$65.17
+42.6%
1.1%US$66.00US$64.00n/a6
Mar ’23US$46.06
US$68.33
+48.4%
5.1%US$73.00US$64.00n/a6
Feb ’23US$51.15
US$68.33
+33.6%
5.1%US$73.00US$64.00US$54.906
Jan ’23US$60.94
US$67.83
+11.3%
4.4%US$72.00US$64.00US$46.886
Dec ’22US$54.68
US$67.83
+24.1%
4.4%US$72.00US$64.00US$50.246
Nov ’22US$55.89
US$65.33
+16.9%
3.7%US$70.00US$62.00US$47.386
Oct ’22US$49.26
US$62.60
+27.1%
5.6%US$66.00US$57.00US$35.405
Sep ’22US$49.57
US$61.75
+24.6%
5.5%US$65.00US$57.00US$41.364
Aug ’22US$50.05
US$61.75
+23.4%
5.5%US$65.00US$57.00US$40.974
Jul ’22US$50.23
US$57.50
+14.5%
6.1%US$61.00US$52.00US$36.724
Jun ’22US$49.40
US$57.50
+16.4%
6.1%US$61.00US$52.00US$38.794
May ’22US$43.15
US$55.67
+29.0%
5.9%US$60.00US$52.00US$43.313
Apr ’22US$40.40
US$53.67
+32.8%
2.3%US$55.00US$52.00US$45.713
Mar ’22US$39.90
US$52.33
+31.2%
5.9%US$55.00US$48.00US$46.063
Feb ’22US$34.50
US$54.50
+58.0%
0.9%US$55.00US$54.00US$51.152

Analyst Forecast: Target price is less than 20% higher than the current share price.


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