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Veidekke ASA (VEI.OL)

NOK188.80 +1.60 (+0.85%)
NO OSL Industrials Engineering & Construction
Address Skabos vei 4 278
Oslo, NO
CEO Jimmy Bengtsson
IPO 2000-01-03
ISIN NO0005806802

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Description

Veidekke ASA is a diversified enterprise specializing in construction and real estate development. Its operations are structured into distinct segments, encompassing Construction Norway, Infrastructure Norway, Construction Sweden, Infrastructure Sweden, and the Denmark/Hoffmann unit. The company undertakes general construction contracting, executes significant civil engineering projects, manufactures asphalt and aggregates, and participates in public road maintenance. Moreover, Veidekke is actively involved in constructing various commercial buildings. Founded in 1936, its corporate headquarters are located in Oslo, Norway.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
NOK188.80 +1.60 (+0.85%)
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Volume Profile
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Liquidity & share structure
Average Volume
77.8K
Beta
0.77
Float Shares
91.25M
Free Float %
67.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.58% -4.90% -11.37% -6.63% +8.72% -0.34% +16.87% +71.85% +49.74% +60.92% +1,079.73%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
188.80
DCF (Unlevered) 194.80 +3.2%
DCF (Levered) 263.51 +39.6%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 0% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 0
Hold 2 0
Sell 1 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.71
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
3 / 10
No MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Engineering & Construction: +6.7%
    +4.2% Q1'26: +6.8% (vs Q1'25)
  • EPS growth Engineering & Construction: +20.8%
    +23.7% Q1'26: +150.0% (vs Q1'25)
  • FCF margin FCF growth · Engineering & Construction: +51.6%
    +5.4% Q1'26: +8.2% (vs Q1'25)
  • EBIT margin Engineering & Construction: +7.0%
    +5.0% Q1'26: +0.6% (vs Q1'25)
  • ROIC Engineering & Construction: +6.4%
    Q1'26: -25.3% (vs Q1'25)
  • Share dilution Engineering & Construction: +0.0%
    -0.4% Q1'26: +14.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Engineering & Construction: -0.38×
    0.08× Q1'26: 0.15× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.78) × ERP
WACC = 99% × Ke + 1% × Kd (31.9%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 195.49 Current price: 188.80
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2009
actual
Dec 2010
actual
Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
3 Rev. Ana.
1 EPS Ana.
Dec 2027
3 Rev. Ana.
3 EPS Ana.
Dec 2028
2 Rev. Ana.
2 EPS Ana.
Revenue
15.56B
est: 15.86B (-1.9%)
15.74B
est: 16.48B (-4.5%)
17.73B
est: 17.46B (+1.6%)
19.73B
est: 20.26B (-2.6%)
21.68B
est: 21.41B (+1.3%)
23.92B
est: 24.11B (-0.8%)
24.08B
est: 23.87B (+0.9%)
28.61B
est: 29.02B (-1.4%)
30.13B
est: 30.54B (-1.3%)
35.54B
est: 34.50B (+3.0%)
36.48B
est: 38.22B (-4.6%)
38.14B
est: 38.36B (-0.6%)
37.59B
est: 37.70B (-0.3%)
38.66B
est: 38.44B (+0.6%)
43.15B
est: 42.78B (+0.9%)
41.40B
est: 41.38B (+0.1%)
43.14B
est: 43.19B (-0.1%)
45.97B
45.32B – 46.44B
+6.4% YoY
48.25B
47.14B – 49.35B
+5.0% YoY
50.15B
50.00B – 50.29B
+3.9% YoY
EBITDA
843.70M
est: 971.99M (-13.2%)
861.30M
est: 924.02M (-6.8%)
1.10B
est: 945.91M (+16.1%)
866.20M
est: 1.64B (-47.1%)
1.05B
est: 956.38M (+9.5%)
1.17B
est: 1.18B (-1.4%)
1.19B
est: 1.42B (-16.6%)
1.33B
est: 1.59B (-16.3%)
1.71B
est: 1.63B (+4.9%)
757.00M
est: 2.02B (-62.5%)
1.59B
est: 1.35B (+17.7%)
2.16B
est: 1.92B (+12.2%)
2.32B
est: 1.94B (+19.6%)
2.42B
est: 2.05B (+17.9%)
2.56B
est: 2.80B (-8.3%)
2.80B
est: 2.70B (+3.4%)
3.25B
est: 2.82B (+15.1%)
3.00B
2.96B – 3.03B
+6.4% YoY
3.15B
3.08B – 3.23B
+5.0% YoY
3.28B
3.27B – 3.29B
+3.9% YoY
EBIT
705.40M
est: 627.50M (+12.4%)
499.30M
est: 514.15M (-2.9%)
770.90M
est: 447.00M (+72.5%)
712.20M
est: 464.28M (+53.4%)
750.00M
est: 563.13M (+33.2%)
1.10B
est: 779.59M (+40.6%)
991.00M
est: 1.03B (-3.9%)
1.14B
est: 1.12B (+1.4%)
1.37B
est: 1.12B (+21.7%)
170.00M
est: 1.47B (-88.4%)
700.00M
est: 169.87M (+312.1%)
1.25B
est: 574.22M (+117.0%)
1.42B
est: 580.54M (+144.1%)
1.50B
est: 613.48M (+144.8%)
1.52B
est: 1.74B (-12.6%)
1.72B
est: 1.68B (+2.2%)
2.15B
est: 1.76B (+22.2%)
1.87B
1.84B – 1.89B
+6.4% YoY
1.96B
1.92B – 2.01B
+5.0% YoY
2.04B
2.03B – 2.04B
+3.9% YoY
Net Income
411.60M
est: 481.66M (-14.5%)
353.80M
est: 417.56M (-15.3%)
644.80M
est: 365.44M (+76.4%)
448.00M
est: 740.52M (-39.5%)
543.70M
est: 473.33M (+14.9%)
843.00M
est: 612.86M (+37.6%)
765.00M
est: 851.19M (-10.1%)
887.00M
est: 927.59M (-4.4%)
1.09B
est: 947.18M (+15.3%)
540.00M
est: 1.31B (-58.7%)
451.00M
est: 599.54M (-24.8%)
923.00M
est: 903.33M (+2.2%)
958.00M
est: 913.28M (+4.9%)
1.09B
est: 1.05B (+4.2%)
1.07B
est: 1.28B (-16.5%)
1.26B
est: 1.27B (-0.6%)
1.55B
est: 1.38B (+12.6%)
1.57B
1.53B – 1.61B
+13.8% YoY
1.69B
1.63B – 1.76B
+7.8% YoY
1.76B
1.66B – 1.86B
+4.2% YoY
SGA
7.02B
est: 3.25B (+116.0%)
7.25B
est: 3.98B (+82.4%)
4.16B
est: 4.11B (+1.2%)
est: 4.83B (-100.0%)
est: 4.49B (-100.0%)
est: 5.01B (-100.0%)
2.57B
est: 5.07B (-49.3%)
3.08B
est: 6.35B (-51.5%)
3.50B
est: 6.23B (-43.8%)
3.48B
est: 7.02B (-50.4%)
4.26B
est: 7.54B (-43.6%)
3.94B
est: 10.68B (-63.1%)
3.83B
est: 10.49B (-63.5%)
4.51B
est: 10.70B (-57.9%)
4.69B
est: 11.02B (-57.5%)
39.80B
est: 10.66B (+273.2%)
est: 11.13B (-100.0%)
11.85B
11.68B – 11.97B
+6.4% YoY
12.43B
12.15B – 12.72B
+5.0% YoY
12.92B
12.88B – 12.96B
+3.9% YoY
EPS
3.70
est: 2.72 (+36.3%)
2.60
est: 3.00 (-13.3%)
4.80
est: 3.84 (+25.1%)
3.90
est: 3.51 (+11.1%)
4.10
est: 3.83 (+7.1%)
6.30
est: 5.61 (+12.3%)
5.70
est: 4.82 (+18.2%)
6.60
est: 6.64 (-0.6%)
8.80
est: 6.51 (+35.1%)
4.04
est: 4.78 (-15.5%)
3.37
est: 5.32 (-36.7%)
6.84
est: 6.16 (+11.0%)
7.10
est: 7.37 (-3.7%)
8.09
est: 7.62 (+6.2%)
7.92
est: 9.65 (-18.0%)
9.30
est: 9.27 (+0.3%)
11.50
est: 10.22 (+12.6%)
11.64
11.36 – 11.89
+13.9% YoY
12.50
12.05 – 13.00
+7.4% YoY
13.05
12.31 – 13.79
+4.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 A- 4/5 4/5 5/5 5/5 3/5 3/5 1/5
2026-05-07 A- 4/5 4/5 5/5 5/5 3/5 3/5 1/5
2026-05-06 A- 4/5 4/5 5/5 5/5 3/5 3/5 1/5
2026-05-05 A- 4/5 4/5 5/5 5/5 3/5 3/5 1/5
2026-05-04 A- 4/5 4/5 5/5 5/5 3/5 3/5 1/5
2026-04-30 A 4/5 4/5 5/5 5/5 3/5 4/5 1/5
2026-04-29 A- 4/5 4/5 5/5 5/5 2/5 3/5 1/5
2026-04-28 A- 4/5 4/5 5/5 5/5 2/5 3/5 1/5
2026-04-27 A- 4/5 4/5 5/5 5/5 2/5 3/5 1/5
2026-04-24 A- 4/5 4/5 5/5 5/5 2/5 3/5 1/5
2026-04-23 A- 4/5 4/5 5/5 5/5 2/5 3/5 1/5
2026-04-22 A- 4/5 4/5 5/5 5/5 2/5 3/5 1/5
2026-04-21 A- 4/5 4/5 5/5 5/5 2/5 3/5 1/5
2026-04-20 A- 4/5 4/5 5/5 5/5 2/5 3/5 1/5
2026-04-17 A- 4/5 4/5 5/5 5/5 2/5 3/5 1/5
2026-04-16 A- 4/5 4/5 5/5 5/5 2/5 3/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
3.74B
OE per share TTM
28.37
Owner's Yield
15.58%
Maintenance CapEx ratio
310.35%
Maint CapEx / Avg PPE
10.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 44 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 WisdomTree Europe SmallCap Dividend UCITS ETF WTES.DE 0.54% 492.6K 0.38%
2 WisdomTree Europe SmallCap Dividend UCITS ETF Acc DFEA.L 0.54% 492.6K 0.38%
3 WisdomTree Europe Equity Income UCITS ETF Acc EEIA.L 0.34% 805.2K 0.29%
4 WisdomTree Europe Equity Income UCITS ETF WTEE.DE 0.34% 805.2K 0.29%
5 WisdomTree Dynamic International SmallCap Equity ETF DDLS 0.24% 1.03M 0.48%
6 WisdomTree International SmallCap Dividend Fund DLS 0.24% 2.46M 0.58%
7 WisdomTree Europe Quality Dividend Growth Fund EUDG 0.12% 78.2K 0.58%
8 WisdomTree International High Dividend Fund DTH 0.10% 618.0K 0.58%
9 Schwab International Small-Cap Equity ETF SCHC 0.08% 4.35M 0.06%
10 Avantis International Small Cap Equity ETF AVDS 0.07% 222.3K 0.30%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
273.6K
Shares Outstanding
134.96M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Jimmy Bengtsson Group Chief Executive Officer 8M male
Jørgen Wiese Porsmyr Executive Vice President & Chief Financial Officer 4M male
Hans Olav Sørlie Executive Vice President of Veidekke Construction Norway 4M male
Terje Larsen Executive Vice President of Risk Management & IT 4M male
Lars Erik Lund Executive Vice President of Strategy & Sustainability 3M male
Marcus C. Nilsson Executive Vice President of Veidekke Infrastructure Sweden 3M male
Anne Thorbjørnsen Executive Vice President for HR and Occupational Health & Safety 3M female
Kristina Andreasson Executive Vice President of Communications & Branding 3M female
Torben Bjørk Nielsen Head of Operations in Denmark 800.0K male
Martin Gadd Executive Vice President of Building Construction Sweden male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits