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VSECU

VSE Corporation Tangible Equity Units

US$44.72+2.07% (US$0.91)
Day's range
US$43.52 – US$44.75
Day's volume
US$5.1m
52-week range
US$42.39 – US$60.75

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VSECU in numbers

Market cap
US$1.3bn
P/E
16.72
P/B
0.43
Dividend yield (12m)
3.14%
Net debt/EBITDA
4.81

VSECU trades at 16.72 times its earnings of the last 12 months.

VSECU price history

05/02/202602/10/2026
Compare with

How much did investing in VSECU return?

US$1,000.00 invested on 01/03/2026 would be worth US$915.57 today.

Value today in VSECU
US$915.57
Return over the period
-8.44%
In the S&P 500
US$1,182.92

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

VSECU fundamentals

Valuation

  • P/E
    16.72
  • P/B
    0.43
  • EV/EBITDA
    11.72
  • EV/EBIT
    17.11
  • EV/Revenue
    1.57
  • P/EBIT
    10.10
  • P/S
    0.92
  • P/OCF
    46.44
  • P/FCF
    -1,120.59
  • Earnings yield
    5.84%
  • PEG ratio
    —
  • Earnings per share
    US$2.67
  • Book value per share
    US$104.52

Debt

  • Net debt
    US$871.6m
  • Net debt/EBITDA
    4.81
  • Net debt/Equity
    0.30
  • Debt/Equity
    0.32
  • Current ratio
    3.77
  • Quick ratio
    —
  • Cash ratio
    0.21

Efficiency

  • Gross margin
    —
  • EBITDA margin
    13.36%
  • Operating margin
    9.15%
  • Net margin
    5.53%
  • Asset turnover
    0.31

Profitability

  • ROE
    2.56%
  • ROA
    1.71%
  • ROIC
    2.48%
  • Payout
    52.57%

Growth

  • Revenue CAGR (5 years)
    15.67%
  • Earnings CAGR (5 years)
    61.34%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is VSECU's fair price?

Two classic value formulas, with today's numbers. The current price is US$44.72.

Graham's fair price
US$79.31
77.34% above the price

√(22.50 × US$2.67 × US$104.52)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
—
Does not apply to VSECU: it paid no distributions in the last five years.

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

VSECU indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
Earnings per shareUS$0.42US$0.74US$2.48US$2.19US$0.63-US$0.41US$3.37US$3.22
Book value per shareUS$51.40US$47.97US$39.11US$35.02US$32.76US$28.12US$33.05US$30.11
ROE0.81%1.55%6.35%6.24%1.91%-1.45%10.20%10.68%
ROIC4.18%3.45%3.69%5.44%-0.29%0.00%7.60%8.60%
EBITDA margin11.64%11.13%13.52%11.68%4.55%5.75%11.58%11.40%
Net margin1.05%1.95%7.19%4.19%1.65%-0.78%4.92%5.03%
Net debt/EBITDA1.734.585.733.6612.986.593.092.02

VSECU financial statements

Line202520242023202220212020
Net revenueUS$1.1bnUS$786.3mUS$544mUS$669.4mUS$481.4mUS$661.7m
Cost of sales——————
Gross profit——————
EBITDAUS$129.5mUS$87.5mUS$73.6mUS$78.2mUS$21.9mUS$38.1m
EBITUS$89.6mUS$58.8mUS$50.1mUS$53.6m-US$2.7mUS$13.9m
Net finance result——————
Profit before taxUS$69mUS$23.8mUS$19.1mUS$35.7m-US$14.8mUS$427k
Income tax-US$15.5m-US$4.4m-US$4.5m-US$9.1mUS$3.8m-US$5.6m
Net incomeUS$11.7mUS$15.3mUS$39.1mUS$28.1mUS$8m-US$5.2m

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does VSECU pay dividends?

Dividend yield per year

  • 3.14%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend30/07/202603/08/2026US$0.72
Dividend29/04/202601/05/2026US$0.69

About Vse

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Questions about VSECU

How much is VSECU today?

VSECU is at US$44.72 (2.07% on the day), last traded on 02/10/2026.

What are the P/E and P/B of VSECU?

VSECU trades at a P/E of 16.72 and a P/B of 0.43.