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KONINKLIJKE HEIJMANS N.V (HEIJM.AS) Stock Fundamental Analysis

AMS:HEIJM - Euronext Amsterdam - NL0009269109 - Currency: EUR

37.9  -0.85 (-2.19%)

Fundamental Rating

6

Overall HEIJM gets a fundamental rating of 6 out of 10. We evaluated HEIJM against 40 industry peers in the Construction & Engineering industry. Both the profitability and the financial health of HEIJM get a neutral evaluation. Nothing too spectacular is happening here. An interesting combination arises when we look at growth and value: HEIJM is growing strongly while it also seems undervalued. Finally HEIJM also has an excellent dividend rating. With these ratings, HEIJM could be worth investigating further for value and dividend and growth investing!.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

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.
HEIJM had a positive operating cash flow in each of the past 5 years.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M

1.2 Ratios

With a decent Return On Assets value of 5.98%, HEIJM is doing good in the industry, outperforming 75.00% of the companies in the same industry.
HEIJM has a Return On Equity of 19.20%. This is in the better half of the industry: HEIJM outperforms 65.00% of its industry peers.
HEIJM's Return On Invested Capital of 13.57% is fine compared to the rest of the industry. HEIJM outperforms 77.50% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for HEIJM is significantly below the industry average of 20.55%.
The 3 year average ROIC (10.73%) for HEIJM is below the current ROIC(13.57%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.98%
ROE 19.2%
ROIC 13.57%
ROA(3y)5.02%
ROA(5y)4.54%
ROE(3y)17.72%
ROE(5y)17.56%
ROIC(3y)10.73%
ROIC(5y)9.95%
HEIJM.AS Yearly ROA, ROE, ROICHEIJM.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -20 -40 -60

1.3 Margins

Looking at the Profit Margin, with a value of 3.28%, HEIJM is in line with its industry, outperforming 52.50% of the companies in the same industry.
HEIJM's Profit Margin has improved in the last couple of years.
HEIJM's Operating Margin of 4.42% is in line compared to the rest of the industry. HEIJM outperforms 42.50% of its industry peers.
In the last couple of years the Operating Margin of HEIJM has grown nicely.
Looking at the Gross Margin, with a value of 13.96%, HEIJM is doing worse than 77.50% of the companies in the same industry.
HEIJM's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 4.42%
PM (TTM) 3.28%
GM 13.96%
OM growth 3Y6.89%
OM growth 5Y21.82%
PM growth 3Y7.06%
PM growth 5Y16.81%
GM growth 3Y6.12%
GM growth 5Y8.32%
HEIJM.AS Yearly Profit, Operating, Gross MarginsHEIJM.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10

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6

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), HEIJM is creating value.
There is no outstanding debt for HEIJM. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
HEIJM.AS Yearly Shares OutstandingHEIJM.AS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

2.2 Solvency

An Altman-Z score of 3.01 indicates that HEIJM is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.01, HEIJM belongs to the top of the industry, outperforming 85.00% of the companies in the same industry.
HEIJM has a debt to FCF ratio of 1.19. This is a very positive value and a sign of high solvency as it would only need 1.19 years to pay back of all of its debts.
HEIJM's Debt to FCF ratio of 1.19 is amongst the best of the industry. HEIJM outperforms 90.00% of its industry peers.
HEIJM has a Debt/Equity ratio of 0.26. This is a healthy value indicating a solid balance between debt and equity.
HEIJM's Debt to Equity ratio of 0.26 is fine compared to the rest of the industry. HEIJM outperforms 72.50% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 1.19
Altman-Z 3.01
ROIC/WACC1.89
WACC7.17%
HEIJM.AS Yearly LT Debt VS Equity VS FCFHEIJM.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M 300M

2.3 Liquidity

HEIJM has a Current Ratio of 1.09. 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 Current ratio (1.09) which is in line with its industry peers.
A Quick Ratio of 0.38 indicates that HEIJM may have some problems paying its short term obligations.
HEIJM has a Quick ratio of 0.38. This is amonst the worse of the industry: HEIJM underperforms 95.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1.09
Quick Ratio 0.38
HEIJM.AS Yearly Current Assets VS Current LiabilitesHEIJM.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M

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7

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 46.41% over the past year.
HEIJM shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 20.12% yearly.
The Revenue has grown by 27.16% in the past year. This is a very strong growth!
HEIJM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.04% yearly.
EPS 1Y (TTM)46.41%
EPS 3Y8.99%
EPS 5Y20.12%
EPS Q2Q%80.52%
Revenue 1Y (TTM)27.16%
Revenue growth 3Y6.63%
Revenue growth 5Y6.04%
Sales Q2Q%29.88%

3.2 Future

HEIJM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.90% yearly.
HEIJM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.62% yearly.
EPS Next Y29.44%
EPS Next 2Y31.23%
EPS Next 3Y24.9%
EPS Next 5YN/A
Revenue Next Year22.28%
Revenue Next 2Y15.02%
Revenue Next 3Y11.74%
Revenue Next 5Y5.62%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
HEIJM.AS Yearly Revenue VS EstimatesHEIJM.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 1B 2B 3B
HEIJM.AS Yearly EPS VS EstimatesHEIJM.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 0 1 2 3 4

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7

4. Valuation

4.1 Price/Earnings Ratio

HEIJM is valuated correctly with a Price/Earnings ratio of 12.80.
62.50% of the companies in the same industry are more expensive than HEIJM, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 29.35. HEIJM is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 8.90, which indicates a very decent valuation of HEIJM.
Compared to the rest of the industry, the Price/Forward Earnings ratio of HEIJM indicates a somewhat cheap valuation: HEIJM is cheaper than 72.50% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of HEIJM to the average of the S&P500 Index (22.10), we can say HEIJM is valued rather cheaply.
Industry RankSector Rank
PE 12.8
Fwd PE 8.9
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

HEIJM's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, HEIJM is valued a bit cheaper than 65.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.99
EV/EBITDA 7.23
HEIJM.AS Per share dataHEIJM.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

HEIJM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of HEIJM may justify a higher PE ratio.
HEIJM's earnings are expected to grow with 24.90% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.43
PEG (5Y)0.64
EPS Next 2Y31.23%
EPS Next 3Y24.9%

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7

5. Dividend

5.1 Amount

HEIJM has a Yearly Dividend Yield of 4.23%, which is a nice return.
HEIJM's Dividend Yield is a higher than the industry average which is at 3.90.
Compared to an average S&P500 Dividend Yield of 2.33, HEIJM pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.23%

5.2 History

The dividend of HEIJM is nicely growing with an annual growth rate of 29.98%!
Dividend Growth(5Y)29.98%
Div Incr Years3
Div Non Decr Years3
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

16.51% of the earnings are spent on dividend by HEIJM. This is a low number and sustainable payout ratio.
The dividend of HEIJM is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP16.51%
EPS Next 2Y31.23%
EPS Next 3Y24.9%
HEIJM.AS Yearly Income VS Free CF VS DividendHEIJM.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 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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KONINKLIJKE HEIJMANS N.V

AMS:HEIJM (3/7/2025, 7:00:00 PM)

37.9

-0.85 (-2.19%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)02-21 2025-02-21/amc
Earnings (Next)04-25 2025-04-25
Inst Owners36.92%
Inst Owner ChangeN/A
Ins Owners5.53%
Ins Owner ChangeN/A
Market Cap1.04B
Analysts85.45
Price Target45.65 (20.45%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.23%
Yearly Dividend0.51
Dividend Growth(5Y)29.98%
DP16.51%
Div Incr Years3
Div Non Decr Years3
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)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-0.43%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.19%
Valuation
Industry RankSector Rank
PE 12.8
Fwd PE 8.9
P/S 0.43
P/FCF 8.99
P/OCF 6.48
P/B 2.54
P/tB 4.43
EV/EBITDA 7.23
EPS(TTM)2.96
EY7.81%
EPS(NY)4.26
Fwd EY11.23%
FCF(TTM)4.21
FCFY11.12%
OCF(TTM)5.85
OCFY15.44%
SpS87.24
BVpS14.92
TBVpS8.55
PEG (NY)0.43
PEG (5Y)0.64
Profitability
Industry RankSector Rank
ROA 5.98%
ROE 19.2%
ROCE 17.49%
ROIC 13.57%
ROICexc 14.68%
ROICexgc 21.36%
OM 4.42%
PM (TTM) 3.28%
GM 13.96%
FCFM 4.83%
ROA(3y)5.02%
ROA(5y)4.54%
ROE(3y)17.72%
ROE(5y)17.56%
ROIC(3y)10.73%
ROIC(5y)9.95%
ROICexc(3y)53.91%
ROICexc(5y)60.06%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)13.83%
ROCE(5y)12.83%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y-54.84%
ROICexc growth 5Y-16.77%
OM growth 3Y6.89%
OM growth 5Y21.82%
PM growth 3Y7.06%
PM growth 5Y16.81%
GM growth 3Y6.12%
GM growth 5Y8.32%
F-Score6
Asset Turnover1.82
Health
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 1.19
Debt/EBITDA 0.66
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 250
Cash Conversion 100.54%
Profit Quality 147.07%
Current Ratio 1.09
Quick Ratio 0.38
Altman-Z 3.01
F-Score6
WACC7.17%
ROIC/WACC1.89
Cap/Depr(3y)78.99%
Cap/Depr(5y)74.32%
Cap/Sales(3y)1.67%
Cap/Sales(5y)1.53%
Profit Quality(3y)124.92%
Profit Quality(5y)142.3%
High Growth Momentum
Growth
EPS 1Y (TTM)46.41%
EPS 3Y8.99%
EPS 5Y20.12%
EPS Q2Q%80.52%
EPS Next Y29.44%
EPS Next 2Y31.23%
EPS Next 3Y24.9%
EPS Next 5YN/A
Revenue 1Y (TTM)27.16%
Revenue growth 3Y6.63%
Revenue growth 5Y6.04%
Sales Q2Q%29.88%
Revenue Next Year22.28%
Revenue Next 2Y15.02%
Revenue Next 3Y11.74%
Revenue Next 5Y5.62%
EBIT growth 1Y96.58%
EBIT growth 3Y13.98%
EBIT growth 5Y29.18%
EBIT Next Year157.66%
EBIT Next 3Y45.51%
EBIT Next 5YN/A
FCF growth 1Y-6.49%
FCF growth 3Y-24.4%
FCF growth 5Y17.82%
OCF growth 1Y29.85%
OCF growth 3Y-12.52%
OCF growth 5Y26.44%