Company Valuation: VSE Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 774.7 600 1,017 1,941 4,041 5,690 - -
Change - -22.54% 69.56% 90.79% 108.2% 40.8% - -
Enterprise Value (EV) 1 1,059 885.9 1,439 2,342 4,265 6,506 6,409 6,220
Change - -16.33% 62.44% 62.77% 82.08% 52.54% -1.49% -2.95%
P/E 96.7x 21.4x 21.3x 46.8x 68.6x 44.4x 33.6x 25.5x
PBR 1.86x 1.34x 1.65x 1.98x 2.81x 1.81x 1.75x 1.64x
PEG - 0x 0.5x -1.4x 2.8x 0.7x 1x 0.8x
Capitalization / Revenue 1.03x 0.63x 1.18x 1.8x 3.63x 3.14x 2.59x 2.38x
EV / Revenue 1.41x 0.93x 1.67x 2.17x 3.83x 3.59x 2.91x 2.61x
EV / EBITDA 14.4x 9.62x 12.6x 17.2x 23.3x 19x 14.8x 12.8x
EV / EBIT 49.2x 16.1x 16.4x 28.8x 32.6x 31.4x 22.3x 18.7x
EV / FCF -37.6x -280x -35.5x -45.3x 747x 328x 45.4x 40.4x
FCF Yield -2.66% -0.36% -2.81% -2.21% 0.13% 0.3% 2.2% 2.47%
Dividend per Share 2 0.37 0.4 0.4 0.4 0.4 0.4 0.4 0.4
Rate of return 0.61% 0.85% 0.62% 0.42% 0.23% 0.22% 0.22% 0.22%
EPS 2 0.63 2.19 3.04 2.03 2.52 4.071 5.387 7.097
Distribution rate 58.7% 18.3% 13.2% 19.7% 15.9% 9.83% 7.43% 5.64%
Net sales 1 750.9 949.8 860.5 1,080 1,112 1,812 2,200 2,386
EBITDA 1 73.62 92.06 113.8 136.3 182.9 342.7 433.7 485.2
EBIT 1 21.52 55.13 88 81.42 130.7 207.5 287.5 331.9
Net income 1 7.966 28.06 39.13 15.32 53.49 121.4 182.9 219.4
Net Debt 1 284.1 285.8 421.6 401.1 223.4 815.5 718.2 529.5
Reference price 2 60.94 46.88 64.61 95.10 172.77 180.77 180.77 180.77
Nbr of stocks (in thousands) 12,712 12,800 15,747 20,412 23,392 31,478 - -
Announcement Date 9/3/22 9/3/23 6/3/24 26/2/25 25/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
44.41x3.59x18.98x0.22% 5.69B
38.32x6.92x28.97x0.55% 339B
31.41x2.94x17.43x1.51% 255B
34.95x5.09x21.36x0.98% 163B
17.05x1.65x11.9x2.7% 120B
19.82x1.68x13.76x1.87% 90.96B
25.73x1.83x12.75x2.01% 73.85B
17.59x1.85x13.13x1.9% 72.53B
28.79x3.16x13.9x1.43% 52.25B
Average 28.67x 3.19x 16.91x 1.46% 130.29B
Weighted average by Cap. 30.27x 4.03x 19.76x 1.35%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  3. VSEC Stock
  4. Valuation VSE Corporation