NSI NV (NSI) AI Stock Analysis

• Market Cap: €389.40M
• Dividend Yield: 12.01%
• Average Volume (3M): 28.47K
• Price to Earnings (P/E): 217.1
• Beta (1Y): 0.69
• Revenue Growth: 2.36%
• EPS Growth: N/A
• Country: NL
• Employees: 69
• Sector: Services
• Sector Strength: N/A
• Industry: REIT - Office
• EPS (TTM): 0.99
• Shares Outstanding: 20,155,222
• 10 Day Avg. Volume: 28,587
• 30 Day Avg. Volume: 28,471
• PEG Ratio: -0.28
• Price to Book (P/B): 0.55
• Price to Sales (P/S): 4.31
• P/FCF Ratio: 9.35
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €24.00
• Price Target Upside: 17.07% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: €21.00 ▲(2.44% Upside)

NSI NV's stock score is primarily impacted by its strong dividend yield and solid balance sheet, which are offset by high valuation concerns and weak technical indicators. The lack of consistent profitability and revenue growth further weighs on the score. The absence of earnings call insights and corporate events means these factors do not influence the overall assessment.

Positive Factors

Strong Gross Profit Margins

Strong gross profit margins indicate effective cost management and operational efficiency, which can sustain profitability and competitive positioning over the long term.

Stable Cash Flow

Stable cash flow supports operational needs and provides flexibility for strategic investments, enhancing the company's ability to navigate economic cycles and invest in growth opportunities.

Moderate Debt Levels

A moderate debt-to-equity ratio suggests prudent financial management, providing a solid foundation for future growth and reducing risk associated with high leverage.

Negative Factors

Inconsistent Profitability

Inconsistent profitability can hinder long-term financial stability and investor confidence, making it difficult to sustain growth and maintain competitive advantage.

Fluctuating Revenue

Fluctuating revenue indicates potential volatility in market demand or operational issues, which can impact long-term growth prospects and strategic planning.

Volatile Return on Equity

Volatile return on equity suggests challenges in efficiently using shareholder capital, which can affect investor trust and the company's ability to attract future investment.

NSI NV Business Overview & Revenue Model

Company Description

NSI N.V. is a specialist commercial property investor and the only listed real estate investment trust (REIT) focused on well-located offices in economic growth regions in The Netherlands. The NSI team aims to maximise returns for its shareholders through pro-active management of its investment portfolio, value-add initiatives and disciplined asset rotation. The portfolio, with a value of over one billion euros, is underpinned by a strong balance sheet, with significant capacity to fund both internal and external growth. By investing in attractive space and a high level of services for its customers, NSI can generate sustainable and growing revenues to support an attractive level of dividend.

How the Company Makes Money

NSI generates revenue primarily through leasing office spaces to various tenants, which provides a steady stream of rental income. The company also benefits from property management services, which may include maintenance and tenant relations, further contributing to its earnings. Additionally, NSI engages in property development projects that can yield significant profits upon completion and leasing. The company's strategic focus on high-demand locations and sustainable properties enhances its revenue potential. Partnerships with local businesses and municipalities may also play a role in securing favorable leases and developing new projects, thus bolstering its overall financial performance.

NSI NV Financial Statement Overview

Summary

NSI NV exhibits strong gross profit margins and a solid balance sheet, but faces challenges in achieving consistent profitability and revenue growth. Cash flows are positive, supporting operational needs, yet the company must address volatility in earnings and revenue to enhance financial stability and investor confidence.

Income Statement

NSI NV has shown fluctuating revenue over the years with a decline in the latest period. The gross profit margin remains strong, indicating efficient cost management. However, the net profit margin has been inconsistent, with a significant loss in 2023 followed by a recovery in 2024. The absence of EBIT in the latest period suggests operational challenges.

Balance Sheet

The company's debt-to-equity ratio is moderate, indicating a balanced use of leverage. The equity ratio remains healthy, showing a solid equity base relative to its assets. However, the return on equity has been volatile, reflecting inconsistency in generating returns for shareholders.

Cash Flow

NSI NV has maintained positive operating cash flow, with a stable free cash flow position despite fluctuations in net income. The operating cash flow to net income ratio is favorable, suggesting efficient cash generation from operations. However, free cash flow growth has been uneven, posing potential concerns for future capital allocation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	37.09M	86.02M	84.67M	82.33M	90.17M	89.47M
Gross Profit	32.38M	64.04M	61.38M	62.09M	66.41M	63.30M
EBITDA	28.90M	53.08M	49.61M	51.11M	55.71M	53.94M
Net Income	11.53M	12.37M	-142.37M	-31.37M	120.96M	-20.41M
Balance Sheet
Total Assets	1.07B	1.05B	1.09B	1.28B	1.37B	1.26B
Cash, Cash Equivalents and Short-Term Investments	33.70M	8.45M	202.00K	196.00K	7.73M	155.00K
Total Debt	375.88M	346.34M	345.96M	367.03M	391.41M	368.15M
Total Liabilities	416.40M	379.06M	377.74M	392.78M	419.77M	403.67M
Stockholders Equity	657.93M	672.34M	709.88M	887.01M	948.46M	854.44M
Cash Flow
Free Cash Flow	38.02M	39.64M	41.65M	42.66M	36.16M	39.93M
Operating Cash Flow	38.02M	39.66M	41.65M	42.80M	36.94M	40.02M
Investing Cash Flow	-17.14M	17.38M	14.58M	4.25M	-25.59M	-24.86M
Financing Cash Flow	-16.75M	-54.91M	-53.20M	-68.62M	-3.39M	-4.25M

NSI NV Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 20.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:NSI, the sentiment is Negative. The current price of 20.5 is above the 20-day moving average (MA) of 19.70, above the 50-day MA of 20.15, and below the 200-day MA of 21.08, indicating a bearish trend. The MACD of -0.30 indicates Positive momentum. The RSI at 37.32 is Neutral, neither overbought nor oversold. The STOCH value of 30.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NL:NSI.

NSI NV Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BRNL	59 Neutral	€387.58M	25.51	5.36%	7.15%	-7.16%	-50.45%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
SIFG	55 Neutral	€201.75M	-6.27	-14.18%	―	-2.34%	-334.31%
NSI	53 Neutral	€389.40M	217.08	0.32%	12.01%	2.36%	―
PNL	51 Neutral	€530.05M	-35.93	-12.23%	6.71%	2.44%	-179.02%
FAST	46 Neutral	€394.72M	-11.76	―	―	48.95%	-64.87%
AZRN	41 Neutral	€138.93M	-14.40	―	―	-0.63%	74.14%