- Veidekke reported third quarter 2026 figures with sales of NOK 11,777 million and net income of NOK 687 million, and nine month sales of NOK 33,767 million with net income of NOK 1,195 million, alongside higher basic earnings per share from continuing operations than the prior year periods.
- The earnings release points to stronger profitability per share for Veidekke over both the quarter and year to date, which clarifies how current operations are converting construction activity into cash for shareholders.
- Readers now have an opportunity to see how Veidekke's investment narrative is shaped by this increase in quarterly net income performance.
Scan how Veidekke's latest earnings compare with a curated 196 high quality undervalued stocks that may offer similar fundamentals at different price points.
What Is Veidekke's Investment Narrative?
For Veidekke, the basic belief is that you are backing a mature Nordic contractor that turns a large volume of construction and infrastructure work into steady earnings and cash flows. The latest quarter fits that story. Higher net income and earnings per share show current projects are being executed with decent discipline on costs and pricing. The Eidsvågbakken 13 contract, at about NOK 120 million, reinforces the order book rather than transforming it, yet it underlines that the business keeps adding work on terms it knows well.
In the short term, the key swing factors are still project execution, tendering at sensible margins and the capital intensity that comes with big civil and building jobs. Forecasts point to revenue growth that is moderate and earnings growth that is slower than the wider Norwegian market, so nothing in this update radically shifts the near term narrative. With a share price that has run hard and trades on a P/E above peer and fair value estimates, the real question is how comfortable you are with paying up for a contractor whose dividend is flagged as not well covered by earnings if...
There's only one way to know the right time to buy, sell or hold Veidekke. Head to Simply Wall St's company report for the latest analysis of Veidekke's Fair Value.
Exploring Other Perspectives
Two fair value estimates from the Simply Wall St Community cluster tightly between NOK 217.5 and roughly NOK 217.61 per share, so retail views here are closely aligned. These figures predate Veidekke's latest quarterly report and new Bergen contract, which gives you a reason to compare fresh earnings data with those earlier assumptions and explore different opinions.
Explore another Veidekke fair value estimate, including one that suggests it could be worth just NOK217.50.
Decide For Yourself
Don't just follow the ticker; dig into the data and build a conviction that's truly your own.
- A great starting point for your Veidekke research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision.
- See our latest analysis for Veidekke. The report includes a comprehensive fundamental analysis summarized in a single visual, the Snowflake, making it easy to evaluate Veidekke's overall financial health at a glance.
Looking For More Investment Ideas Beyond Veidekke?
Once you have formed a view on Veidekke, it can help to compare that thesis with other companies that share similar financial traits or risk profiles. The Simply Wall St Screener gives you a quick way to line up alternatives and see how different businesses stack up on quality, value and balance sheet strength.
- If you want potential bargains with strong fundamentals, scan a curated 196 high quality undervalued stocks that share traits with quality compounders yet trade at different valuations.
- If capital preservation matters most, filter for businesses that historically screen with steadier risk profiles through a 206 resilient stocks with low risk scores that may help you sleep better at night.
- If balance sheet resilience is a priority, compare Veidekke with a list of solid balance sheet and fundamentals (195 results) to see which companies pair financial strength with consistent fundamentals.
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