Veidekke ASA Logo

Veidekke ASA

VEI.OL

(3.2)
Stock Price

132,80 NOK

8.4% ROA

46.61% ROE

13.05x PER

Market Cap.

16.734.544.000,00 NOK

25.04% DER

6.37% Yield

3% NPM

Veidekke ASA Stock Analysis

Veidekke ASA Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Veidekke ASA Fundamental Stock Analysis
# Analysis Rating
1 ROE

ROE surpassing expectations (39.78%) highlights strong profitability and efficient use of shareholders' equity, making it an appealing investment prospect.

2 DER

The stock has a low debt to equity ratio (16%), which means it has a small amount of debt compared to the ownership it holds

3 Net Profit Growth

This company has consistently achieved strong net profit growth over the past five years, demonstrating a solid financial performance and making it an appealing investment option.

4 Dividend

Investors can take comfort in the company's unwavering commitment to dividends, as it has consistently distributed payouts over the past five years, ensuring a reliable income stream.

5 ROA

The stock's ROA (7.27%) indicates that it's doing well in making money from the things it owns. This makes it a good option to invest and make consistent profits.

6 Revenue Growth

Over the past three years, this company's revenue has consistently grown, demonstrating a positive financial trend that makes it an appealing choice.

7 Assets Growth

Over the past three years, this company's revenue has consistently grown, demonstrating a positive financial trend that makes it an appealing choice.

8 Dividend Growth

Investors can be encouraged by the company's strong dividend growth over the past three years, highlighting its ability to generate consistent returns and provide an attractive investment opportunity.

9 Buffet Intrinsic Value

The company's stock shows potential as it is undervalued (5.075) according to Warren Buffett's formula, indicating that its intrinsic value exceeds the market price.

10 PBV

The stock's elevated P/BV ratio (6.49x) raises concerns about its overvaluation, making it an imprudent choice for investors seeking value.

11 Graham Number

The company's Graham number suggests that its stock price is overestimated, implying that it may not be a promising investment opportunity.

Veidekke ASA Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Veidekke ASA Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Hold
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

Veidekke ASA Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Veidekke ASA Revenue
Year Revenue Growth
2001 10.561.800.000
2002 11.254.100.000 6.15%
2003 11.460.700.000 1.8%
2004 12.826.200.000 10.65%
2005 14.579.200.000 12.02%
2006 16.442.300.000 11.33%
2007 19.335.900.000 14.96%
2008 19.395.300.000 0.31%
2009 15.558.000.000 -24.66%
2010 15.744.900.000 1.19%
2011 17.727.300.000 11.18%
2012 19.729.100.000 10.15%
2013 21.680.000.000 9%
2014 23.918.000.000 9.36%
2015 24.082.000.000 0.68%
2016 28.614.000.000 15.84%
2017 30.132.000.000 5.04%
2018 35.540.000.000 15.22%
2019 36.484.000.000 2.59%
2020 38.140.000.000 4.34%
2021 37.592.000.000 -1.46%
2022 38.659.000.000 2.76%
2023 41.548.000.000 6.95%
2023 43.146.000.000 3.7%
2024 43.120.000.000 -0.06%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Veidekke ASA Research and Development Expenses
Year Research and Development Expenses Growth
2001 0
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%
2023 0 0%
2024 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Veidekke ASA General and Administrative Expenses
Year General and Administrative Expenses Growth
2001 2.437.000.000
2002 2.537.400.000 3.96%
2003 2.535.000.000 -0.09%
2004 0 0%
2005 10.300.000 100%
2006 11.800.000 12.71%
2007 13.000.000 9.23%
2008 4.124.700.000 99.68%
2009 7.024.200.000 41.28%
2010 7.249.200.000 3.1%
2011 4.161.700.000 -74.19%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%
2023 0 0%
2024 0 0%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Veidekke ASA EBITDA
Year EBITDA Growth
2001 718.100.000
2002 677.000.000 -6.07%
2003 475.300.000 -42.44%
2004 670.200.000 29.08%
2005 927.100.000 27.71%
2006 1.176.900.000 21.23%
2007 1.500.600.000 21.57%
2008 1.327.700.000 -13.02%
2009 922.300.000 -43.96%
2010 886.200.000 -4.07%
2011 1.111.500.000 20.27%
2012 866.200.000 -28.32%
2013 1.047.000.000 17.27%
2014 1.412.000.000 25.85%
2015 1.323.000.000 -6.73%
2016 1.573.000.000 15.89%
2017 1.709.000.000 7.96%
2018 1.198.000.000 -42.65%
2019 1.455.000.000 17.66%
2020 2.166.000.000 32.83%
2021 2.327.000.000 6.92%
2022 2.479.000.000 6.13%
2023 3.548.000.000 30.13%
2023 2.430.000.000 -46.01%
2024 2.872.000.000 15.39%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Veidekke ASA Gross Profit
Year Gross Profit Growth
2001 243.000.000
2002 315.800.000 23.05%
2003 190.500.000 -65.77%
2004 3.974.000.000 95.21%
2005 4.652.300.000 14.58%
2006 5.240.300.000 11.22%
2007 6.014.400.000 12.87%
2008 6.520.400.000 7.76%
2009 15.558.000.000 58.09%
2010 15.744.900.000 1.19%
2011 6.545.700.000 -140.54%
2012 6.891.800.000 5.02%
2013 7.231.100.000 4.69%
2014 8.953.000.000 19.23%
2015 8.848.000.000 -1.19%
2016 10.245.000.000 13.64%
2017 11.115.000.000 7.83%
2018 11.568.000.000 3.92%
2019 12.976.000.000 10.85%
2020 13.465.000.000 3.63%
2021 13.323.000.000 -1.07%
2022 14.227.000.000 6.35%
2023 41.548.000.000 65.76%
2023 6.078.000.000 -583.58%
2024 1.840.000.000 -230.33%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Veidekke ASA Net Profit
Year Net Profit Growth
2001 88.000.000
2002 142.100.000 38.07%
2003 117.600.000 -20.83%
2004 263.400.000 55.35%
2005 557.800.000 52.78%
2006 708.300.000 21.25%
2007 989.700.000 28.43%
2008 615.500.000 -60.8%
2009 411.600.000 -49.54%
2010 353.800.000 -16.34%
2011 644.800.000 45.13%
2012 448.000.000 -43.93%
2013 543.700.000 17.6%
2014 843.000.000 35.5%
2015 765.000.000 -10.2%
2016 887.000.000 13.75%
2017 1.092.000.000 18.77%
2018 540.000.000 -102.22%
2019 451.000.000 -19.73%
2020 923.000.000 51.14%
2021 958.000.000 3.65%
2022 1.092.000.000 12.27%
2023 1.764.000.000 38.1%
2023 1.069.000.000 -65.01%
2024 1.432.000.000 25.35%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Veidekke ASA Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2001 1
2002 1 0%
2003 1 0%
2004 2 100%
2005 1 0%
2006 5 100%
2007 7 28.57%
2008 5 -75%
2009 4 -33.33%
2010 3 -50%
2011 5 50%
2012 4 -33.33%
2013 4 25%
2014 6 33.33%
2015 6 -20%
2016 7 16.67%
2017 9 25%
2018 4 -100%
2019 3 -33.33%
2020 7 50%
2021 7 14.29%
2022 8 12.5%
2023 13 38.46%
2023 8 -85.71%
2024 11 30%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Veidekke ASA Free Cashflow
Year Free Cashflow Growth
2001 -180.000.000
2002 473.000.000 138.05%
2003 207.600.000 -127.84%
2004 154.100.000 -34.72%
2005 395.500.000 61.04%
2006 900.000 -43844.44%
2007 1.135.600.000 99.92%
2008 499.800.000 -127.21%
2009 654.200.000 23.6%
2010 30.200.000 -2066.23%
2011 -44.600.000 167.71%
2012 -842.000.000 94.7%
2013 1.388.800.000 160.63%
2014 1.264.000.000 -9.87%
2015 255.000.000 -395.69%
2016 1.162.000.000 78.06%
2017 -67.000.000 1834.33%
2018 259.000.000 125.87%
2019 -603.000.000 142.95%
2020 1.362.000.000 144.27%
2021 1.443.000.000 5.61%
2022 624.000.000 -131.25%
2023 2.175.000.000 71.31%
2023 437.000.000 -397.71%
2024 71.000.000 -515.49%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Veidekke ASA Operating Cashflow
Year Operating Cashflow Growth
2001 232.200.000
2002 783.800.000 70.38%
2003 473.900.000 -65.39%
2004 192.300.000 -146.44%
2005 655.300.000 70.65%
2006 321.000.000 -104.14%
2007 1.568.800.000 79.54%
2008 1.213.500.000 -29.28%
2009 1.090.200.000 -11.31%
2010 411.500.000 -164.93%
2011 344.500.000 -19.45%
2012 -393.500.000 187.55%
2013 1.647.800.000 123.88%
2014 1.753.000.000 6%
2015 771.000.000 -127.37%
2016 1.880.000.000 58.99%
2017 702.000.000 -167.81%
2018 1.400.000.000 49.86%
2019 115.000.000 -1117.39%
2020 2.270.000.000 94.93%
2021 2.194.000.000 -3.46%
2022 1.409.000.000 -55.71%
2023 3.019.000.000 53.33%
2023 589.000.000 -412.56%
2024 216.000.000 -172.69%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Veidekke ASA Capital Expenditure
Year Capital Expenditure Growth
2001 412.200.000
2002 310.800.000 -32.63%
2003 266.300.000 -16.71%
2004 38.200.000 -597.12%
2005 259.800.000 85.3%
2006 320.100.000 18.84%
2007 433.200.000 26.11%
2008 713.700.000 39.3%
2009 436.000.000 -63.69%
2010 381.300.000 -14.35%
2011 389.100.000 2%
2012 448.500.000 13.24%
2013 259.000.000 -73.17%
2014 489.000.000 47.03%
2015 516.000.000 5.23%
2016 718.000.000 28.13%
2017 769.000.000 6.63%
2018 1.141.000.000 32.6%
2019 718.000.000 -58.91%
2020 908.000.000 20.93%
2021 751.000.000 -20.91%
2022 785.000.000 4.33%
2023 844.000.000 6.99%
2023 152.000.000 -455.26%
2024 145.000.000 -4.83%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Veidekke ASA Equity
Year Equity Growth
2001 1.239.700.000
2002 1.239.200.000 -0.04%
2003 1.335.900.000 7.24%
2004 1.637.800.000 18.43%
2005 1.470.400.000 -11.38%
2006 1.777.700.000 17.29%
2007 2.285.900.000 22.23%
2008 2.089.000.000 -9.43%
2009 2.053.700.000 -1.72%
2010 2.034.700.000 -0.93%
2011 2.294.400.000 11.32%
2012 2.334.000.000 1.7%
2013 2.466.400.000 5.37%
2014 2.744.000.000 10.12%
2015 3.218.000.000 14.73%
2016 3.465.000.000 7.13%
2017 3.848.000.000 9.95%
2018 3.984.000.000 3.41%
2019 3.997.000.000 0.33%
2020 2.877.000.000 -38.93%
2021 2.864.000.000 -0.45%
2022 2.994.000.000 4.34%
2023 3.099.000.000 3.39%
2023 2.590.000.000 -19.65%
2024 2.380.000.000 -8.82%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Veidekke ASA Assets
Year Assets Growth
2001 6.307.400.000
2002 5.222.000.000 -20.79%
2003 5.632.400.000 7.29%
2004 5.750.100.000 2.05%
2005 6.369.700.000 9.73%
2006 8.311.300.000 23.36%
2007 8.699.300.000 4.46%
2008 8.965.600.000 2.97%
2009 7.779.400.000 -15.25%
2010 8.071.300.000 3.62%
2011 9.925.200.000 18.68%
2012 11.184.700.000 11.26%
2013 11.666.400.000 4.13%
2014 12.382.000.000 5.78%
2015 14.788.000.000 16.27%
2016 17.445.000.000 15.23%
2017 20.443.000.000 14.67%
2018 18.835.000.000 -8.54%
2019 21.309.000.000 11.61%
2020 17.541.000.000 -21.48%
2021 17.315.000.000 -1.31%
2022 17.644.000.000 1.86%
2023 18.212.000.000 3.12%
2023 18.253.000.000 0.22%
2024 17.537.000.000 -4.08%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Veidekke ASA Liabilities
Year Liabilities Growth
2001 4.958.700.000
2002 3.867.100.000 -28.23%
2003 4.173.800.000 7.35%
2004 4.112.300.000 -1.5%
2005 4.899.300.000 16.06%
2006 6.533.600.000 25.01%
2007 6.413.400.000 -1.87%
2008 6.851.700.000 6.4%
2009 5.725.700.000 -19.67%
2010 6.036.600.000 5.15%
2011 7.630.800.000 20.89%
2012 8.850.700.000 13.78%
2013 9.200.000.000 3.8%
2014 9.638.000.000 4.54%
2015 11.570.000.000 16.7%
2016 13.980.000.000 17.24%
2017 16.595.000.000 15.76%
2018 14.851.000.000 -11.74%
2019 17.312.000.000 14.22%
2020 14.664.000.000 -18.06%
2021 14.451.000.000 -1.47%
2022 14.650.000.000 1.36%
2023 15.113.000.000 3.06%
2023 15.663.000.000 3.51%
2024 15.157.000.000 -3.34%

Veidekke ASA Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
316.98
Net Income per Share
9.5
Price to Earning Ratio
13.05x
Price To Sales Ratio
0.39x
POCF Ratio
6.98
PFCF Ratio
10.6
Price to Book Ratio
7.1
EV to Sales
0.39
EV Over EBITDA
6.2
EV to Operating CashFlow
6.98
EV to FreeCashFlow
10.6
Earnings Yield
0.08
FreeCashFlow Yield
0.09
Market Cap
16,73 Bil.
Enterprise Value
16,73 Bil.
Graham Number
61.08
Graham NetNet
-55.36

Income Statement Metrics

Net Income per Share
9.5
Income Quality
1.66
ROE
0.47
Return On Assets
0.07
Return On Capital Employed
0.35
Net Income per EBT
0.76
EBT Per Ebit
1.04
Ebit per Revenue
0.04
Effective Tax Rate
0.21

Margins

Sales, General, & Administrative to Revenue
0
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.04
Operating Profit Margin
0.04
Pretax Profit Margin
0.04
Net Profit Margin
0.03

Dividends

Dividend Yield
0.06
Dividend Yield %
6.37
Payout Ratio
0.84
Dividend Per Share
7.9

Operating Metrics

Operating Cashflow per Share
17.76
Free CashFlow per Share
11.69
Capex to Operating CashFlow
0.34
Capex to Revenue
0.02
Capex to Depreciation
0.78
Return on Invested Capital
0.43
Return on Tangible Assets
0.08
Days Sales Outstanding
69.58
Days Payables Outstanding
69.31
Days of Inventory on Hand
7.31
Receivables Turnover
5.25
Payables Turnover
5.27
Inventory Turnover
49.95
Capex per Share
6.07

Balance Sheet

Cash per Share
8,57
Book Value per Share
17,64
Tangible Book Value per Share
0.71
Shareholders Equity per Share
17.46
Interest Debt per Share
4.91
Debt to Equity
0.25
Debt to Assets
0.03
Net Debt to EBITDA
-0
Current Ratio
0.79
Tangible Asset Value
0,10 Bil.
Net Current Asset Value
-5,02 Bil.
Invested Capital
3669000000
Working Capital
-2,73 Bil.
Intangibles to Total Assets
0.13
Average Receivables
7,81 Bil.
Average Payables
7,53 Bil.
Average Inventory
796500000
Debt to Market Cap
0.04

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Veidekke ASA Dividends
Year Dividends Growth
2000 3
2001 2 0%
2002 2 0%
2003 4 33.33%
2004 4 0%
2005 18 83.33%
2006 10 -80%
2007 10 -11.11%
2008 4 -125%
2009 3 -100%
2010 3 0%
2011 3 0%
2012 3 0%
2013 3 0%
2014 3 33.33%
2015 4 0%
2016 4 25%
2017 5 0%
2018 5 20%
2019 5 0%
2020 28 81.48%
2021 6 -440%
2022 7 28.57%
2023 8 0%
2024 8 0%

Veidekke ASA Profile

About Veidekke ASA

Veidekke ASA operates as a construction and property development company. It operates through Construction Norway, Infrastructure Norway, Construction Sweden, Infrastructure Sweden, and Denmark/Hoffmann segments. The company operates as a construction contractor; executes civil engineering projects; and produces asphalt and aggregates, as well as operates in the public road maintenance market. It is also involved in the construction and civil engineering projects, as well as constructs commercial buildings. Veidekke ASA was founded in 1936 and is headquartered in Oslo, Norway.

CEO
Mr. Jimmy Bengtsson
Employee
7.942
Address
Skabos vei 4
Oslo, 0278

Veidekke ASA Executives & BODs

Veidekke ASA Executives & BODs
# Name Age
1 Mr. Lars Erik Lund
Executive Vice President of Strategy & Sustainability
70
2 Mr. Terje Larsen
Executive Vice President of Risk Management & IT
70
3 Mr. Øivind Larsen
Executive Vice President of Veidekke Infrastructure - Norway
70
4 Charlotta Nilsen
Executive Vice President of Veidekke Construction Sweden
70
5 Mr. Jimmy Bengtsson
Group Chief Executive Officer
70
6 Ms. Kristina Andreasson
Executive Vice President of Communications & Branding
70
7 Mr. Torben Bjørk Nielsen
Head of Operations in Denmark
70
8 Ms. Anne Thorbjørnsen
Executive Vice President for HR and Occupational Health & Safety
70
9 Mr. Jørgen Wiese Porsmyr
Executive Vice President & Chief Financial Officer
70
10 Mr. Hans Olav Sørlie
Executive Vice President of Veidekke Construction Norway
70

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