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Veidekke Valuation Multiples

Discover revenue and EBITDA valuation multiples for Veidekke and similar public comparables like Koninklijke Bam Groep, Cadeler, Travaux Généraux de Construction de Casablanca, Peab and more.

Veidekke Overview

About Veidekke

Veidekke ASA is engaged in construction and property development. It constructs building and residential projects, enters civil engineering contracts, and undertakes various infrastructure developments. The company has six operating segments; Construction Norway includes apartment complexes and non-residential buildings, Infrastructure Norway includes road maintenance, railways, power production, and airport, Construction Sweden includes construction projects, including residential units, offices, schools, and cultural buildings, Infrastructure Sweden includes infrastructure, extractive industries, heavy industry, energy, and recycling facilities/landfill, Denmark includes commercial buildings, and Other comprises undistributed costs.


Founded

1936

HQ

Norway

Employees

8.2K

Financials (LTM)

Revenue: $5B
EBITDA: $328M

EV

$2B

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Veidekke Financials

Veidekke reported last 12-month revenue of $5B and EBITDA of $328M.

In the same LTM period, Veidekke generated $326M in gross profit, $328M in EBITDA, and $166M in net income.

Revenue (LTM)


Veidekke P&L

In the most recent fiscal year, Veidekke reported revenue of $5B and EBITDA of $350M.

Veidekke is profitable as of last fiscal year, with gross margin of 38%, EBITDA margin of 8%, and net margin of 4%.

See analyst estimates for Veidekke
LTMLast FY202320242025202620272028
Revenue$5B$5B$5B$4B$5B
Gross Profit$326M$2B$2B$2B$2B
Gross Margin7%38%35%39%38%
EBITDA$328M$350M$277M$310M$350M
EBITDA Margin7%8%6%7%8%
EBIT Margin4%5%3%4%5%
Net Profit$166M$168M$116M$136M$168M
Net Margin4%4%2%3%4%

Financial data powered by Morningstar, Inc.

Veidekke Stock Performance

Veidekke has current market cap of $3B, and enterprise value of $2B.

Market Cap Evolution


Veidekke's stock price is $19.17.

Veidekke share price decreased by 4.3% in the last 30 days, and increased by 19.3% in the last year.

Veidekke has an EPS (earnings per share) of $1.24.

See more trading valuation data for Veidekke
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$2B$3B2.3%-4.3%-8.6%19.3%$1.24

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Veidekke Valuation Multiples

Veidekke trades at 0.4x EV/Revenue multiple, and 6.5x EV/EBITDA.

See NTM and 2027E valuation multiples for Veidekke

EV / Revenue (LTM)


Veidekke Financial Valuation Multiples

As of May 20, 2026, Veidekke has market cap of $3B and EV of $2B.

Veidekke has a P/E ratio of 15.6x.

LTMLast FY202320242025202620272028
EV/Revenue0.4x0.5x0.5x0.5x0.5x
EV/EBITDA6.5x6.0x7.6x6.8x6.0x
EV/EBIT10.1x9.9x14.1x12.6x9.9x
EV/Gross Profit6.5x1.2x1.3x1.2x1.2x
P/E15.6x15.4x22.4x19.0x15.4x
EV/FCF9.0x7.3x9.3x12.8x7.3x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Veidekke Margins & Growth Rates

Veidekke grew revenue by 6% but EBITDA decreased by 4% in the last fiscal year.

In the most recent fiscal year, Veidekke reported gross margin of 38%, EBITDA margin of 8%, and net margin of 4%.

See estimated margins and future growth rates for Veidekke

Veidekke Margins

Last FY202420252026202720282029
Gross Margin38%39%38%7%
EBITDA Margin8%7%8%7%
EBIT Margin5%4%5%4%
Net Margin4%3%4%3%
FCF Margin6%4%6%4%

Veidekke Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth6%(4%)4%6%
Gross Profit Growth(81%)6%2%(81%)
EBITDA Growth(4%)12%13%(4%)
EBIT Growth3%12%27%3%
Net Profit Growth1%18%23%1%
FCF Growth(23%)(27%)76%(23%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Veidekke Operational KPIs

Veidekke's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.2M for the same period.

Veidekke's Rule of 40 is 13% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Veidekke's Rule of X is 22% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for Veidekke
LTMLast FY202320242025202620272028
Rule of 4014%13%———
Bessemer Rule of X25%22%———
Revenue per Employee—$0.6M———
Opex per Employee—$0.2M———
Opex to Revenue—33%32%35%33%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Veidekke Competitors

Veidekke competitors include Koninklijke Bam Groep, Cadeler, Travaux Généraux de Construction de Casablanca, Peab, Electra, Tecnicas Reunidas, Hill & Smith, Aktor Group, CA Immo and Ashtrom Group.

Most Veidekke public comparables operate across Construction & Engineering.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Koninklijke Bam Groep0.2x0.2x4.1x4.3x
Cadeler14.9x5.1x29.2x8.4x
Travaux Généraux de Construction de Casablanca3.4x2.0x26.1x9.0x
Peab0.6x0.6x7.9x7.8x
Electra0.8x—12.2x—
Tecnicas Reunidas0.3x0.3x5.6x5.6x
Hill & Smith2.4x2.3x11.3x11.0x
Aktor Group2.3x—20.7x—

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Veidekke M&A Activity

Veidekke has acquired 2 companies to date.

Last acquisition by Veidekke was on March 26th 2026. Veidekke acquired Nord Vei & Asfalt for $6M (EV/Revenue multiple of ).

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Latest Acquisitions by Veidekke

Nord Vei & Asfalt
EuroMining
Description
Nord Vei & Asfalt lays asphalt for private clients, contractors, municipalities, and government projects.
EuroMining is a Swedish provider of logistics and quality assurance for mining operations in northern Scandinavia. Based in Luleå, the company transports iron ore and base metals using specialized rail and truck fleets, while offering sampling and assay services compliant with ISO 17025. Supporting clients like LKAB, it manages annual volumes over 5 million tons from Kiruna and Malmberget sites.
HQ CountryNorwaySweden
HQ City
Storsteinnes
Gällivare
Deal Date26 Mar 202620 May 2024
Valuation$6M$47M
EV/Revenue
EV/EBITDA

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About Veidekke

When was Veidekke founded?Veidekke was founded in 1936.
Where is Veidekke headquartered?Veidekke is headquartered in Norway.
How many employees does Veidekke have?As of today, Veidekke has over 8K employees.
Who is the CEO of Veidekke?Veidekke's CEO is Jimmy Bengtsson.
Is Veidekke publicly listed?Yes, Veidekke is a public company listed on Oslo Børs.
What is the stock symbol of Veidekke?Veidekke trades under VEI ticker.
When did Veidekke go public?Veidekke went public in 1986.
Who are competitors of Veidekke?Veidekke main competitors include Koninklijke Bam Groep, Cadeler, Travaux Généraux de Construction de Casablanca, Peab, Electra, Tecnicas Reunidas, Hill & Smith, Aktor Group, CA Immo, Ashtrom Group.
What is the current market cap of Veidekke?Veidekke's current market cap is $3B.
What is the current revenue of Veidekke?Veidekke's last 12 months revenue is $5B.
What is the current revenue growth of Veidekke?Veidekke revenue growth (NTM/LTM) is 7%.
What is the current EV/Revenue multiple of Veidekke?Current revenue multiple of Veidekke is 0.4x.
Is Veidekke profitable?Yes, Veidekke is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Veidekke?Veidekke's last 12 months EBITDA is $328M.
What is Veidekke's EBITDA margin?Veidekke's last 12 months EBITDA margin is 7%.
What is the current EV/EBITDA multiple of Veidekke?Current EBITDA multiple of Veidekke is 6.5x.
What is the current FCF of Veidekke?Veidekke's last 12 months FCF is $236M.
What is Veidekke's FCF margin?Veidekke's last 12 months FCF margin is 5%.
What is the current EV/FCF multiple of Veidekke?Current FCF multiple of Veidekke is 9.0x.
How many companies Veidekke has acquired to date?As of May 2026, Veidekke has acquired 2 companies.
What was the largest acquisition by Veidekke?$47M acquisition of EuroMining on 20th May 2024 was the largest M&A Veidekke has done to date.
What companies Veidekke acquired?Veidekke acquired EuroMining and Nord Vei & Asfalt.
In how many companies Veidekke has invested to date?Veidekke hasn't invested in any companies yet (or none have been disclosed publicly).

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