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

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

56.7  +0.65 (+1.16%)

Fundamental Rating

6

HEIJM gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 45 industry peers in the Construction & Engineering industry. While HEIJM has a great profitability rating, there are some minor concerns on its financial health. HEIJM has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

In the past year HEIJM was profitable.
HEIJM had a positive operating cash flow in the past year.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M

1.2 Ratios

HEIJM's Return On Assets of 5.98% is fine compared to the rest of the industry. HEIJM outperforms 71.11% of its industry peers.
Looking at the Return On Equity, with a value of 19.20%, HEIJM is in the better half of the industry, outperforming 64.44% of the companies in the same industry.
HEIJM has a Return On Invested Capital of 13.17%. This is in the better half of the industry: HEIJM outperforms 71.11% of its industry peers.
HEIJM had an Average Return On Invested Capital over the past 3 years of 11.74%. This is in line with the industry average of 11.01%.
The last Return On Invested Capital (13.17%) for HEIJM is above the 3 year average (11.74%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 5.98%
ROE 19.2%
ROIC 13.17%
ROA(3y)5.52%
ROA(5y)5.19%
ROE(3y)17.93%
ROE(5y)18.07%
ROIC(3y)11.74%
ROIC(5y)11.01%
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

HEIJM's Profit Margin of 3.28% is in line compared to the rest of the industry. HEIJM outperforms 48.89% of its industry peers.
HEIJM's Profit Margin has improved in the last couple of years.
The Operating Margin of HEIJM (4.42%) is comparable to the rest of the industry.
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 82.22% of the companies in the same industry.
In the last couple of years the Gross Margin of HEIJM has grown nicely.
Industry RankSector Rank
OM 4.42%
PM (TTM) 3.28%
GM 13.96%
OM growth 3Y10.69%
OM growth 5Y20.09%
PM growth 3Y6.58%
PM growth 5Y13.14%
GM growth 3Y-2.58%
GM growth 5Y3.68%
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) just above the Cost of Capital (WACC), HEIJM is creating some value.
The number of shares outstanding for HEIJM has been increased compared to 1 year ago.
HEIJM has more shares outstanding than it did 5 years ago.
HEIJM has a better debt/assets ratio than last year.
HEIJM.AS Yearly Shares OutstandingHEIJM.AS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 2024 200M 400M 600M 800M 1B

2.2 Solvency

HEIJM has an Altman-Z score of 3.33. This indicates that HEIJM is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 3.33, HEIJM is doing good in the industry, outperforming 80.00% 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 has a better Debt to FCF ratio (1.19) than 84.44% of its industry peers.
A Debt/Equity ratio of 0.26 indicates that HEIJM is not too dependend on debt financing.
HEIJM has a Debt to Equity ratio of 0.26. This is in the better half of the industry: HEIJM outperforms 68.89% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 1.19
Altman-Z 3.33
ROIC/WACC1.79
WACC7.37%
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 400M

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 comparable to the rest of the industry.
HEIJM has a Quick Ratio of 1.09. 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 (0.38) than 91.11% 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 2024 200M 400M 600M 800M

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6

3. Growth

3.1 Past

HEIJM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 40.78%, which is quite impressive.
The Earnings Per Share has been growing by 18.70% on average over the past years. This is quite good.
HEIJM shows a strong growth in Revenue. In the last year, the Revenue has grown by 22.05%.
The Revenue has been growing by 10.06% on average over the past years. This is quite good.
EPS 1Y (TTM)40.78%
EPS 3Y13.82%
EPS 5Y18.7%
EPS Q2Q%21.32%
Revenue 1Y (TTM)22.05%
Revenue growth 3Y13.91%
Revenue growth 5Y10.06%
Sales Q2Q%15.82%

3.2 Future

HEIJM is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.43% yearly.
The Revenue is expected to grow by 0.42% on average over the next years.
EPS Next Y53.86%
EPS Next 2Y31.92%
EPS Next 3Y18.43%
EPS Next 5YN/A
Revenue Next Year11.14%
Revenue Next 2Y8.57%
Revenue Next 3Y-1.78%
Revenue Next 5Y0.42%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
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 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 2 4

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5

4. Valuation

4.1 Price/Earnings Ratio

HEIJM is valuated rather expensively with a Price/Earnings ratio of 17.18.
HEIJM's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.30, HEIJM is valued a bit cheaper.
The Price/Forward Earnings ratio is 11.52, which indicates a very decent valuation of HEIJM.
Based on the Price/Forward Earnings ratio, HEIJM is valued a bit cheaper than the industry average as 62.22% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of HEIJM to the average of the S&P500 Index (21.76), we can say HEIJM is valued slightly cheaper.
Industry RankSector Rank
PE 17.18
Fwd PE 11.52
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 64.44% of the companies are valued more cheaply.
The rest of the industry has a similar Price/Free Cash Flow ratio as HEIJM.
Industry RankSector Rank
P/FCF 13.49
EV/EBITDA 10.21
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.
A more expensive valuation may be justified as HEIJM's earnings are expected to grow with 18.43% in the coming years.
PEG (NY)0.32
PEG (5Y)0.92
EPS Next 2Y31.92%
EPS Next 3Y18.43%

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.13%, HEIJM has a reasonable but not impressive dividend return.
HEIJM's Dividend Yield is comparable with the industry average which is at 3.68.
Compared to an average S&P500 Dividend Yield of 2.37, HEIJM pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 3.13%

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

16.21% of the earnings are spent on dividend by HEIJM. This is a low number and sustainable payout ratio.
DP16.21%
EPS Next 2Y31.92%
EPS Next 3Y18.43%
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 (7/11/2025, 7:00:00 PM)

56.7

+0.65 (+1.16%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)04-25 2025-04-25
Earnings (Next)07-25 2025-07-25
Inst Owners36.07%
Inst Owner ChangeN/A
Ins Owners5.76%
Ins Owner ChangeN/A
Market Cap1.56B
Analysts83.64
Price Target48.71 (-14.09%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.13%
Yearly Dividend0.39
Dividend Growth(5Y)N/A
DP16.21%
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)6.7%
PT rev (3m)6.7%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.93%
Valuation
Industry RankSector Rank
PE 17.18
Fwd PE 11.52
P/S 0.65
P/FCF 13.49
P/OCF 9.69
P/B 3.8
P/tB 6.63
EV/EBITDA 10.21
EPS(TTM)3.3
EY5.82%
EPS(NY)4.92
Fwd EY8.68%
FCF(TTM)4.2
FCFY7.41%
OCF(TTM)5.85
OCFY10.32%
SpS87.24
BVpS14.92
TBVpS8.55
PEG (NY)0.32
PEG (5Y)0.92
Profitability
Industry RankSector Rank
ROA 5.98%
ROE 19.2%
ROCE 17.49%
ROIC 13.17%
ROICexc 14.25%
ROICexgc 20.72%
OM 4.42%
PM (TTM) 3.28%
GM 13.96%
FCFM 4.82%
ROA(3y)5.52%
ROA(5y)5.19%
ROE(3y)17.93%
ROE(5y)18.07%
ROIC(3y)11.74%
ROIC(5y)11.01%
ROICexc(3y)17.35%
ROICexc(5y)57.55%
ROICexgc(3y)27.01%
ROICexgc(5y)N/A
ROCE(3y)15.6%
ROCE(5y)14.63%
ROICexcg growth 3YN/A
ROICexcg growth 5Y-19.25%
ROICexc growth 3Y-49.29%
ROICexc growth 5Y-4.07%
OM growth 3Y10.69%
OM growth 5Y20.09%
PM growth 3Y6.58%
PM growth 5Y13.14%
GM growth 3Y-2.58%
GM growth 5Y3.68%
F-Score7
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 146.69%
Current Ratio 1.09
Quick Ratio 0.38
Altman-Z 3.33
F-Score7
WACC7.37%
ROIC/WACC1.79
Cap/Depr(3y)69.35%
Cap/Depr(5y)77.53%
Cap/Sales(3y)1.56%
Cap/Sales(5y)1.63%
Profit Quality(3y)151.44%
Profit Quality(5y)170.26%
High Growth Momentum
Growth
EPS 1Y (TTM)40.78%
EPS 3Y13.82%
EPS 5Y18.7%
EPS Q2Q%21.32%
EPS Next Y53.86%
EPS Next 2Y31.92%
EPS Next 3Y18.43%
EPS Next 5YN/A
Revenue 1Y (TTM)22.05%
Revenue growth 3Y13.91%
Revenue growth 5Y10.06%
Sales Q2Q%15.82%
Revenue Next Year11.14%
Revenue Next 2Y8.57%
Revenue Next 3Y-1.78%
Revenue Next 5Y0.42%
EBIT growth 1Y96.58%
EBIT growth 3Y26.08%
EBIT growth 5Y32.17%
EBIT Next Year101.46%
EBIT Next 3Y20.12%
EBIT Next 5YN/A
FCF growth 1Y60.61%
FCF growth 3Y38.55%
FCF growth 5Y47.76%
OCF growth 1Y123.61%
OCF growth 3Y31.81%
OCF growth 5Y42.73%