FUGRO NV (FUR.AS) Fundamental Analysis & Valuation

AMS:FUR • NL00150003E1

10.8 EUR
-0.23 (-2.09%)
Last: Mar 11, 2026, 07:00 PM

This FUR.AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to FUR. FUR was compared to 48 industry peers in the Construction & Engineering industry. FUR has an average financial health and profitability rating. FUR has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

6

1. FUR.AS Profitability Analysis

1.1 Basic Checks

  • FUR had positive earnings in the past year.
  • FUR had a positive operating cash flow in the past year.
  • FUR had positive earnings in 4 of the past 5 years.
  • FUR had a positive operating cash flow in 4 of the past 5 years.
FUR.AS Yearly Net Income VS EBIT VS OCF VS FCFFUR.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M

1.2 Ratios

  • With a decent Return On Assets value of 5.79%, FUR is doing good in the industry, outperforming 70.83% of the companies in the same industry.
  • FUR has a worse Return On Equity (10.70%) than 70.83% of its industry peers.
  • FUR has a Return On Invested Capital of 8.15%. This is comparable to the rest of the industry: FUR outperforms 41.67% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for FUR is in line with the industry average of 12.42%.
Industry RankSector Rank
ROA 5.79%
ROE 10.7%
ROIC 8.15%
ROA(3y)8.22%
ROA(5y)3.66%
ROE(3y)15.04%
ROE(5y)5.75%
ROIC(3y)10.63%
ROIC(5y)7.42%
FUR.AS Yearly ROA, ROE, ROICFUR.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20 -30

1.3 Margins

  • The Profit Margin of FUR (6.83%) is better than 68.75% of its industry peers.
  • In the last couple of years the Profit Margin of FUR has grown nicely.
  • FUR has a Operating Margin of 8.60%. This is comparable to the rest of the industry: FUR outperforms 56.25% of its industry peers.
  • In the last couple of years the Operating Margin of FUR has grown nicely.
  • FUR's Gross Margin of 67.89% is fine compared to the rest of the industry. FUR outperforms 77.08% of its industry peers.
  • In the last couple of years the Gross Margin of FUR has grown nicely.
Industry RankSector Rank
OM 8.6%
PM (TTM) 6.83%
GM 67.89%
OM growth 3Y56.41%
OM growth 5Y46.65%
PM growth 3Y35.26%
PM growth 5YN/A
GM growth 3Y3.97%
GM growth 5Y2.39%
FUR.AS Yearly Profit, Operating, Gross MarginsFUR.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

4

2. FUR.AS Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), FUR is creating some value.
  • FUR has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
FUR.AS Yearly Shares OutstandingFUR.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
FUR.AS Yearly Total Debt VS Total AssetsFUR.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.2 Solvency

  • FUR has an Altman-Z score of 2.21. This is not the best score and indicates that FUR is in the grey zone with still only limited risk for bankruptcy at the moment.
  • The Altman-Z score of FUR (2.21) is better than 62.50% of its industry peers.
  • The Debt to FCF ratio of FUR is 8.69, which is on the high side as it means it would take FUR, 8.69 years of fcf income to pay off all of its debts.
  • FUR has a Debt to FCF ratio of 8.69. This is in the lower half of the industry: FUR underperforms 60.42% of its industry peers.
  • FUR has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.37, FUR is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 8.69
Altman-Z 2.21
ROIC/WACC1.16
WACC7.05%
FUR.AS Yearly LT Debt VS Equity VS FCFFUR.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B

2.3 Liquidity

  • A Current Ratio of 1.41 indicates that FUR should not have too much problems paying its short term obligations.
  • FUR's Current ratio of 1.41 is fine compared to the rest of the industry. FUR outperforms 70.83% of its industry peers.
  • FUR has a Quick Ratio of 1.33. This is a normal value and indicates that FUR is financially healthy and should not expect problems in meeting its short term obligations.
  • FUR has a better Quick ratio (1.33) than 79.17% of its industry peers.
Industry RankSector Rank
Current Ratio 1.41
Quick Ratio 1.33
FUR.AS Yearly Current Assets VS Current LiabilitesFUR.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

1

3. FUR.AS Growth Analysis

3.1 Past

EPS 1Y (TTM)N/A
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%N/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-20.34%

3.2 Future

  • The Earnings Per Share is expected to grow by 17.39% on average over the next years. This is quite good.
  • FUR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.69% yearly.
EPS Next Y0.74%
EPS Next 2Y15.66%
EPS Next 3Y17.35%
EPS Next 5Y17.39%
Revenue Next Year-2.65%
Revenue Next 2Y1%
Revenue Next 3Y2.52%
Revenue Next 5Y5.69%

3.3 Evolution

FUR.AS Yearly Revenue VS EstimatesFUR.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 500M 1B 1.5B 2B 2.5B
FUR.AS Yearly EPS VS EstimatesFUR.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 -1 2 -2

4

4. FUR.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 13.17, the valuation of FUR can be described as correct.
  • Compared to the rest of the industry, the Price/Earnings ratio of FUR is on the same level as its industry peers.
  • When comparing the Price/Earnings ratio of FUR to the average of the S&P500 Index (26.15), we can say FUR is valued slightly cheaper.
  • The Price/Forward Earnings ratio is 13.07, which indicates a correct valuation of FUR.
  • FUR's Price/Forward Earnings ratio is in line with the industry average.
  • FUR's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.27.
Industry RankSector Rank
PE 13.17
Fwd PE 13.07
FUR.AS Price Earnings VS Forward Price EarningsFUR.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 81.25% of the companies in the same industry are more expensive than FUR, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of FUR is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 19.02
EV/EBITDA 4.74
FUR.AS Per share dataFUR.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • The decent profitability rating of FUR may justify a higher PE ratio.
  • FUR's earnings are expected to grow with 17.35% in the coming years. This may justify a more expensive valuation.
PEG (NY)17.88
PEG (5Y)N/A
EPS Next 2Y15.66%
EPS Next 3Y17.35%

6

5. FUR.AS Dividend Analysis

5.1 Amount

  • FUR has a Yearly Dividend Yield of 3.82%.
  • Compared to an average industry Dividend Yield of 2.36, FUR pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, FUR pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.82%

5.2 History

  • On average, the dividend of FUR grows each year by 48.03%, which is quite nice.
Dividend Growth(5Y)48.03%
Div Incr Years1
Div Non Decr Years1
FUR.AS Yearly Dividends per shareFUR.AS Yearly Dividends per shareYearly Dividends per share 2024 2025 0.2 0.4 0.6

5.3 Sustainability

  • FUR pays out 59.22% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • The dividend of FUR is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP59.22%
EPS Next 2Y15.66%
EPS Next 3Y17.35%
FUR.AS Yearly Income VS Free CF VS DividendFUR.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M -200M -300M
FUR.AS Dividend Payout.FUR.AS Dividend Payout, showing the Payout Ratio.FUR.AS Dividend Payout.PayoutRetained Earnings

FUR.AS Fundamentals: All Metrics, Ratios and Statistics

FUGRO NV

AMS:FUR (3/11/2026, 7:00:00 PM)

10.8

-0.23 (-2.09%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)02-27
Earnings (Next)N/A
Inst Owners34.05%
Inst Owner ChangeN/A
Ins Owners3.61%
Ins Owner ChangeN/A
Market Cap1.22B
Revenue(TTM)N/A
Net Income(TTM)142.70M
Analysts51.43
Price Target11.48 (6.3%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.82%
Yearly Dividend0.41
Dividend Growth(5Y)48.03%
DP59.22%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)10.52%
PT rev (3m)20.67%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-17.31%
EPS NY rev (3m)-10.52%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.1%
Revenue NY rev (3m)-0.68%
Valuation
Industry RankSector Rank
PE 13.17
Fwd PE 13.07
P/S 0.58
P/FCF 19.02
P/OCF 3.23
P/B 0.91
P/tB 1.16
EV/EBITDA 4.74
EPS(TTM)0.82
EY7.59%
EPS(NY)0.83
Fwd EY7.65%
FCF(TTM)0.57
FCFY5.26%
OCF(TTM)3.34
OCFY30.94%
SpS18.53
BVpS11.83
TBVpS9.27
PEG (NY)17.88
PEG (5Y)N/A
Graham Number14.77
Profitability
Industry RankSector Rank
ROA 5.79%
ROE 10.7%
ROCE 9.47%
ROIC 8.15%
ROICexc 8.7%
ROICexgc 10.38%
OM 8.6%
PM (TTM) 6.83%
GM 67.89%
FCFM 3.06%
ROA(3y)8.22%
ROA(5y)3.66%
ROE(3y)15.04%
ROE(5y)5.75%
ROIC(3y)10.63%
ROIC(5y)7.42%
ROICexc(3y)12.85%
ROICexc(5y)8.91%
ROICexgc(3y)16.14%
ROICexgc(5y)11.32%
ROCE(3y)12.36%
ROCE(5y)8.63%
ROICexgc growth 3Y54.17%
ROICexgc growth 5Y49.51%
ROICexc growth 3Y59.59%
ROICexc growth 5Y50.79%
OM growth 3Y56.41%
OM growth 5Y46.65%
PM growth 3Y35.26%
PM growth 5YN/A
GM growth 3Y3.97%
GM growth 5Y2.39%
F-Score5
Asset Turnover0.85
Health
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 8.69
Debt/EBITDA 1.4
Cap/Depr 178.69%
Cap/Sales 14.97%
Interest Coverage 8.2
Cash Conversion 106.21%
Profit Quality 44.85%
Current Ratio 1.41
Quick Ratio 1.33
Altman-Z 2.21
F-Score5
WACC7.05%
ROIC/WACC1.16
Cap/Depr(3y)127.36%
Cap/Depr(5y)105.09%
Cap/Sales(3y)8.97%
Cap/Sales(5y)7.66%
Profit Quality(3y)43.4%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)N/A
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%N/A
EPS Next Y0.74%
EPS Next 2Y15.66%
EPS Next 3Y17.35%
EPS Next 5Y17.39%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-20.34%
Revenue Next Year-2.65%
Revenue Next 2Y1%
Revenue Next 3Y2.52%
Revenue Next 5Y5.69%
EBIT growth 1Y-39.35%
EBIT growth 3Y81.27%
EBIT growth 5Y56.74%
EBIT Next Year-7.69%
EBIT Next 3Y6.61%
EBIT Next 5Y7.48%
FCF growth 1Y-19.88%
FCF growth 3Y135.26%
FCF growth 5Y40.42%
OCF growth 1Y80.72%
OCF growth 3Y64.77%
OCF growth 5Y29.6%

FUGRO NV / FUR.AS FAQ

Can you provide the ChartMill fundamental rating for FUGRO NV?

ChartMill assigns a fundamental rating of 4 / 10 to FUR.AS.


What is the valuation status of FUGRO NV (FUR.AS) stock?

ChartMill assigns a valuation rating of 4 / 10 to FUGRO NV (FUR.AS). This can be considered as Fairly Valued.


What is the profitability of FUR stock?

FUGRO NV (FUR.AS) has a profitability rating of 6 / 10.


What are the PE and PB ratios of FUGRO NV (FUR.AS) stock?

The Price/Earnings (PE) ratio for FUGRO NV (FUR.AS) is 13.17 and the Price/Book (PB) ratio is 0.91.


How financially healthy is FUGRO NV?

The financial health rating of FUGRO NV (FUR.AS) is 4 / 10.