KONINKLIJKE HEIJMANS N.V (HEIJM.AS) Fundamental Analysis & Valuation

AMS:HEIJM • NL0009269109

82.8 EUR
-0.35 (-0.42%)
Last: Mar 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

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

Fundamental Rating

6

Overall HEIJM gets a fundamental rating of 6 out of 10. We evaluated HEIJM against 48 industry peers in the Construction & Engineering industry. HEIJM has an excellent profitability rating, but there are some minor concerns on its financial health. HEIJM is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

7

1. HEIJM.AS Profitability Analysis

1.1 Basic Checks

  • HEIJM had positive earnings in the past year.
  • In the past year HEIJM had a positive cash flow from operations.
  • In the past 5 years HEIJM has always been profitable.
  • In the past 5 years HEIJM always reported a positive cash flow from operatings.
HEIJM.AS Yearly Net Income VS EBIT VS OCF VS FCFHEIJM.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 2025 0 100M -100M 200M

1.2 Ratios

  • The Return On Assets of HEIJM (7.82%) is better than 79.17% of its industry peers.
  • HEIJM has a better Return On Equity (23.75%) than 66.67% of its industry peers.
  • HEIJM has a better Return On Invested Capital (16.47%) than 79.17% of its industry peers.
  • HEIJM had an Average Return On Invested Capital over the past 3 years of 13.22%. This is in line with the industry average of 12.42%.
  • The last Return On Invested Capital (16.47%) for HEIJM is above the 3 year average (13.22%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 7.82%
ROE 23.75%
ROIC 16.47%
ROA(3y)6.29%
ROA(5y)5.89%
ROE(3y)19.58%
ROE(5y)19.27%
ROIC(3y)13.22%
ROIC(5y)12.21%
HEIJM.AS Yearly ROA, ROE, ROICHEIJM.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 -40 -60

1.3 Margins

  • HEIJM has a Profit Margin (4.70%) which is comparable to the rest of the industry.
  • HEIJM's Profit Margin has improved in the last couple of years.
  • HEIJM has a Operating Margin (5.81%) which is in line with its industry peers.
  • In the last couple of years the Operating Margin of HEIJM has grown nicely.
  • The Gross Margin of HEIJM (15.86%) is worse than 79.17% of its industry peers.
  • HEIJM's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 5.81%
PM (TTM) 4.7%
GM 15.86%
OM growth 3Y14.49%
OM growth 5Y13.3%
PM growth 3Y12.62%
PM growth 5Y15.36%
GM growth 3Y7.06%
GM growth 5Y6.81%
HEIJM.AS Yearly Profit, Operating, Gross MarginsHEIJM.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 15

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6

2. HEIJM.AS Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so HEIJM is creating value.
  • Compared to 1 year ago, HEIJM has about the same amount of shares outstanding.
  • HEIJM has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, HEIJM has an improved debt to assets ratio.
HEIJM.AS Yearly Shares OutstandingHEIJM.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M 25M
HEIJM.AS Yearly Total Debt VS Total AssetsHEIJM.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

2.2 Solvency

  • An Altman-Z score of 3.46 indicates that HEIJM is not in any danger for bankruptcy at the moment.
  • HEIJM's Altman-Z score of 3.46 is amongst the best of the industry. HEIJM outperforms 93.75% of its industry peers.
  • The Debt to FCF ratio of HEIJM is 0.58, which is an excellent value as it means it would take HEIJM, only 0.58 years of fcf income to pay off all of its debts.
  • HEIJM's Debt to FCF ratio of 0.58 is amongst the best of the industry. HEIJM outperforms 91.67% of its industry peers.
  • HEIJM has a Debt/Equity ratio of 0.18. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of HEIJM (0.18) is better than 77.08% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF 0.58
Altman-Z 3.46
ROIC/WACC2.23
WACC7.39%
HEIJM.AS Yearly LT Debt VS Equity VS FCFHEIJM.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M

2.3 Liquidity

  • HEIJM has a Current Ratio of 1.02. This is a normal value and indicates that HEIJM is financially healthy and should not expect problems in meeting its short term obligations.
  • HEIJM has a worse Current ratio (1.02) than 70.83% of its industry peers.
  • HEIJM has a Quick Ratio of 1.02. This is a bad value and indicates that HEIJM is not financially healthy enough and could expect problems in meeting its short term obligations.
  • HEIJM has a worse Quick ratio (0.48) than 95.83% of its industry peers.
Industry RankSector Rank
Current Ratio 1.02
Quick Ratio 0.48
HEIJM.AS Yearly Current Assets VS Current LiabilitesHEIJM.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

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5

3. HEIJM.AS Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 43.09% over the past year.
  • Measured over the past years, HEIJM shows a very strong growth in Earnings Per Share. The EPS has been growing by 20.69% on average per year.
  • The Revenue has been growing slightly by 7.27% in the past year.
  • Measured over the past years, HEIJM shows a quite strong growth in Revenue. The Revenue has been growing by 9.68% on average per year.
EPS 1Y (TTM)43.09%
EPS 3Y22.7%
EPS 5Y20.69%
EPS Q2Q%35.42%
Revenue 1Y (TTM)7.27%
Revenue growth 3Y15.22%
Revenue growth 5Y9.68%
Sales Q2Q%6.96%

3.2 Future

  • Based on estimates for the next years, HEIJM will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.37% on average per year.
  • Based on estimates for the next years, HEIJM will show a decrease in Revenue. The Revenue will decrease by -0.93% on average per year.
EPS Next Y20.04%
EPS Next 2Y16.5%
EPS Next 3Y13.37%
EPS Next 5YN/A
Revenue Next Year11.83%
Revenue Next 2Y8.65%
Revenue Next 3Y7.28%
Revenue Next 5Y-0.93%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
HEIJM.AS Yearly Revenue VS EstimatesHEIJM.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 1B 2B 3B
HEIJM.AS Yearly EPS VS EstimatesHEIJM.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 2 4 6

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4

4. HEIJM.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 17.51, the valuation of HEIJM can be described as rather expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of HEIJM indicates a slightly more expensive valuation: HEIJM is more expensive than 60.42% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.29. HEIJM is valued slightly cheaper when compared to this.
  • HEIJM is valuated correctly with a Price/Forward Earnings ratio of 13.65.
  • The rest of the industry has a similar Price/Forward Earnings ratio as HEIJM.
  • HEIJM is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.60, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 17.51
Fwd PE 13.65
HEIJM.AS Price Earnings VS Forward Price EarningsHEIJM.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, HEIJM is valued a bit more expensive than the industry average as 62.50% of the companies are valued more cheaply.
  • Based on the Price/Free Cash Flow ratio, HEIJM is valued a bit cheaper than 68.75% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.96
EV/EBITDA 10.11
HEIJM.AS Per share dataHEIJM.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80 100

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • HEIJM has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as HEIJM's earnings are expected to grow with 13.37% in the coming years.
PEG (NY)0.87
PEG (5Y)0.85
EPS Next 2Y16.5%
EPS Next 3Y13.37%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. HEIJM.AS Dividend Analysis

5.1 Amount

  • HEIJM has a Yearly Dividend Yield of 1.97%.
  • HEIJM's Dividend Yield is comparable with the industry average which is at 2.36.
  • HEIJM's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.97%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
HEIJM.AS Yearly Dividends per shareHEIJM.AS Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

  • HEIJM pays out 34.64% of its income as dividend. This is a sustainable payout ratio.
DP34.64%
EPS Next 2Y16.5%
EPS Next 3Y13.37%
HEIJM.AS Yearly Income VS Free CF VS DividendHEIJM.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M
HEIJM.AS Dividend Payout.HEIJM.AS Dividend Payout, showing the Payout Ratio.HEIJM.AS Dividend Payout.PayoutRetained Earnings

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HEIJM.AS Fundamentals: All Metrics, Ratios and Statistics

KONINKLIJKE HEIJMANS N.V

AMS:HEIJM (3/6/2026, 7:00:00 PM)

82.8

-0.35 (-0.42%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)02-13
Earnings (Next)05-06
Inst Owners41.41%
Inst Owner ChangeN/A
Ins Owners5.74%
Ins Owner ChangeN/A
Market Cap2.28B
Revenue(TTM)2.77B
Net Income(TTM)130.20M
Analysts85.45
Price Target98.6 (19.08%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.97%
Yearly Dividend1.64
Dividend Growth(5Y)N/A
DP34.64%
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)38.92%
PT rev (3m)38.92%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)4.68%
EPS NY rev (3m)4.56%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)6.09%
Revenue NY rev (3m)6.09%
Valuation
Industry RankSector Rank
PE 17.51
Fwd PE 13.65
P/S 0.82
P/FCF 9.96
P/OCF 8.36
P/B 4.15
P/tB 6.81
EV/EBITDA 10.11
EPS(TTM)4.73
EY5.71%
EPS(NY)6.07
Fwd EY7.33%
FCF(TTM)8.31
FCFY10.04%
OCF(TTM)9.91
OCFY11.97%
SpS100.88
BVpS19.95
TBVpS12.15
PEG (NY)0.87
PEG (5Y)0.85
Graham Number46.08
Profitability
Industry RankSector Rank
ROA 7.82%
ROE 23.75%
ROCE 21.8%
ROIC 16.47%
ROICexc 22.18%
ROICexgc 36.4%
OM 5.81%
PM (TTM) 4.7%
GM 15.86%
FCFM 8.24%
ROA(3y)6.29%
ROA(5y)5.89%
ROE(3y)19.58%
ROE(5y)19.27%
ROIC(3y)13.22%
ROIC(5y)12.21%
ROICexc(3y)16.13%
ROICexc(5y)39.04%
ROICexgc(3y)24.76%
ROICexgc(5y)N/A
ROCE(3y)17.51%
ROCE(5y)16.16%
ROICexgc growth 3Y-5.8%
ROICexgc growth 5YN/A
ROICexc growth 3Y-5.22%
ROICexc growth 5Y-28.25%
OM growth 3Y14.49%
OM growth 5Y13.3%
PM growth 3Y12.62%
PM growth 5Y15.36%
GM growth 3Y7.06%
GM growth 5Y6.81%
F-Score6
Asset Turnover1.66
Health
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF 0.58
Debt/EBITDA 0.45
Cap/Depr 75.3%
Cap/Sales 1.58%
Interest Coverage 15.48
Cash Conversion 124.17%
Profit Quality 175.42%
Current Ratio 1.02
Quick Ratio 0.48
Altman-Z 3.46
F-Score6
WACC7.39%
ROIC/WACC2.23
Cap/Depr(3y)74.52%
Cap/Depr(5y)72.39%
Cap/Sales(3y)1.63%
Cap/Sales(5y)1.55%
Profit Quality(3y)162.11%
Profit Quality(5y)158.66%
High Growth Momentum
Growth
EPS 1Y (TTM)43.09%
EPS 3Y22.7%
EPS 5Y20.69%
EPS Q2Q%35.42%
EPS Next Y20.04%
EPS Next 2Y16.5%
EPS Next 3Y13.37%
EPS Next 5YN/A
Revenue 1Y (TTM)7.27%
Revenue growth 3Y15.22%
Revenue growth 5Y9.68%
Sales Q2Q%6.96%
Revenue Next Year11.83%
Revenue Next 2Y8.65%
Revenue Next 3Y7.28%
Revenue Next 5Y-0.93%
EBIT growth 1Y45.97%
EBIT growth 3Y31.92%
EBIT growth 5Y24.26%
EBIT Next Year57.77%
EBIT Next 3Y23.97%
EBIT Next 5Y18.73%
FCF growth 1Y4.39%
FCF growth 3Y38.78%
FCF growth 5Y19.51%
OCF growth 1Y9.27%
OCF growth 3Y35.31%
OCF growth 5Y16.27%

KONINKLIJKE HEIJMANS N.V / HEIJM.AS FAQ

What is the fundamental rating for HEIJM stock?

ChartMill assigns a fundamental rating of 6 / 10 to HEIJM.AS.


What is the valuation status for HEIJM stock?

ChartMill assigns a valuation rating of 4 / 10 to KONINKLIJKE HEIJMANS N.V (HEIJM.AS). This can be considered as Fairly Valued.


Can you provide the profitability details for KONINKLIJKE HEIJMANS N.V?

KONINKLIJKE HEIJMANS N.V (HEIJM.AS) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for HEIJM stock?

The Price/Earnings (PE) ratio for KONINKLIJKE HEIJMANS N.V (HEIJM.AS) is 17.51 and the Price/Book (PB) ratio is 4.15.


What is the financial health of KONINKLIJKE HEIJMANS N.V (HEIJM.AS) stock?

The financial health rating of KONINKLIJKE HEIJMANS N.V (HEIJM.AS) is 6 / 10.