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 43 industry peers in the Construction & Engineering industry. HEIJM has only an average score on both its financial health and profitability. HEIJM is not overvalued while it is showing excellent growth. This is an interesting combination. These ratings would make HEIJM suitable for growth investing!


Dividend Valuation Growth Profitability Health

6

1. HEIJM.AS Profitability Analysis

1.1 Basic Checks

  • In the past year HEIJM was profitable.
  • In the past year HEIJM had a positive cash flow from operations.
  • HEIJM had positive earnings in each of the past 5 years.
  • 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 0 100M -100M 200M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 6.12%, HEIJM is in the better half of the industry, outperforming 69.77% of the companies in the same industry.
  • With a Return On Equity value of 18.99%, HEIJM perfoms like the industry average, outperforming 51.16% of the companies in the same industry.
  • HEIJM has a Return On Invested Capital of 12.77%. This is in the better half of the industry: HEIJM outperforms 72.09% 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 11.93%.
  • The last Return On Invested Capital (12.77%) for HEIJM is above the 3 year average (11.74%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 6.12%
ROE 18.99%
ROIC 12.77%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -20 -40 -60

1.3 Margins

  • HEIJM has a Profit Margin (3.48%) which is in line with its industry peers.
  • HEIJM's Profit Margin has improved in the last couple of years.
  • HEIJM has a Operating Margin of 4.27%. This is in the lower half of the industry: HEIJM underperforms 69.77% of its industry peers.
  • HEIJM's Operating Margin has improved in the last couple of years.
  • With a Gross Margin value of 13.10%, HEIJM is not doing good in the industry: 81.40% of the companies in the same industry are doing better.
  • In the last couple of years the Gross Margin of HEIJM has grown nicely.
Industry RankSector Rank
OM 4.27%
PM (TTM) 3.48%
GM 13.1%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10

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6

2. HEIJM.AS Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so HEIJM is still creating some value.
  • HEIJM has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, HEIJM has more shares outstanding
  • The debt/assets ratio for HEIJM has been reduced compared to a year ago.
HEIJM.AS Yearly Shares OutstandingHEIJM.AS Yearly Shares OutstandingYearly Shares Outstanding 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

  • HEIJM has an Altman-Z score of 3.63. This indicates that HEIJM is financially healthy and has little risk of bankruptcy at the moment.
  • HEIJM's Altman-Z score of 3.63 is amongst the best of the industry. HEIJM outperforms 93.02% of its industry peers.
  • HEIJM has a debt to FCF ratio of 0.59. This is a very positive value and a sign of high solvency as it would only need 0.59 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 0.59, HEIJM belongs to the top of the industry, outperforming 88.37% of the companies in the same industry.
  • A Debt/Equity ratio of 0.18 indicates that HEIJM is not too dependend on debt financing.
  • HEIJM has a better Debt to Equity ratio (0.18) than 76.74% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF 0.59
Altman-Z 3.63
ROIC/WACC1.73
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 0 100M -100M 200M 300M 400M

2.3 Liquidity

  • A Current Ratio of 1.06 indicates that HEIJM should not have too much problems paying its short term obligations.
  • HEIJM has a Current ratio (1.06) which is comparable to the rest of the industry.
  • HEIJM has a Quick Ratio of 1.06. This is a bad value and indicates that HEIJM is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.44, HEIJM is doing worse than 97.67% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.06
Quick Ratio 0.44
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 200M 400M 600M 800M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. HEIJM.AS Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 38.25% over the past year.
  • HEIJM shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 18.70% yearly.
  • 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)38.25%
EPS 3Y13.82%
EPS 5Y18.7%
EPS Q2Q%54.68%
Revenue 1Y (TTM)22.05%
Revenue growth 3Y13.91%
Revenue growth 5Y10.06%
Sales Q2Q%7.64%

3.2 Future

  • Based on estimates for the next years, HEIJM will show a very strong growth in Earnings Per Share. The EPS will grow by 25.79% on average per year.
  • HEIJM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.42% yearly.
EPS Next Y56.01%
EPS Next 2Y34.58%
EPS Next 3Y25.79%
EPS Next 5YN/A
Revenue Next Year9.69%
Revenue Next 2Y8.54%
Revenue Next 3Y7.24%
Revenue Next 5Y0.42%

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 decreasing.
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 0 2 4 6

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4

4. HEIJM.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 25.02, which means the current valuation is very expensive for HEIJM.
  • HEIJM's Price/Earnings ratio is a bit more expensive when compared to the industry. HEIJM is more expensive than 69.77% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of HEIJM to the average of the S&P500 Index (26.29), we can say HEIJM is valued inline with the index average.
  • HEIJM is valuated correctly with a Price/Forward Earnings ratio of 14.29.
  • HEIJM's Price/Forward Earnings ratio is in line with the industry average.
  • When comparing the Price/Forward Earnings ratio of HEIJM to the average of the S&P500 Index (24.57), we can say HEIJM is valued slightly cheaper.
Industry RankSector Rank
PE 25.02
Fwd PE 14.29
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

  • 65.12% of the companies in the same industry are cheaper than HEIJM, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of HEIJM is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 11.45
EV/EBITDA 13.64
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 25.79% in the coming years.
PEG (NY)0.45
PEG (5Y)1.34
EPS Next 2Y34.58%
EPS Next 3Y25.79%

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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 1.82%.
  • HEIJM's Dividend Yield is comparable with the industry average which is at 2.30.
  • HEIJM's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.82%

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 11.78% of its income as dividend. This is a sustainable payout ratio.
DP11.78%
EPS Next 2Y34.58%
EPS Next 3Y25.79%
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 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 Owners43.69%
Inst Owner ChangeN/A
Ins Owners5.78%
Ins Owner ChangeN/A
Market Cap2.28B
Revenue(TTM)2.58B
Net Income(TTM)90.00M
Analysts83.64
Price Target98.6 (19.08%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.82%
Yearly Dividend0.39
Dividend Growth(5Y)N/A
DP11.78%
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)56.12%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-6.31%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.35%
Revenue NY rev (3m)-1.21%
Valuation
Industry RankSector Rank
PE 25.02
Fwd PE 14.29
P/S 0.88
P/FCF 11.45
P/OCF 9.93
P/B 4.8
P/tB 7.41
EV/EBITDA 13.64
EPS(TTM)3.31
EY4%
EPS(NY)5.8
Fwd EY7%
FCF(TTM)7.23
FCFY8.74%
OCF(TTM)8.34
OCFY10.07%
SpS94.04
BVpS17.25
TBVpS11.17
PEG (NY)0.45
PEG (5Y)1.34
Graham Number35.84
Profitability
Industry RankSector Rank
ROA 6.12%
ROE 18.99%
ROCE 16.97%
ROIC 12.77%
ROICexc 14.52%
ROICexgc 20.5%
OM 4.27%
PM (TTM) 3.48%
GM 13.1%
FCFM 7.69%
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%
ROICexgc growth 3YN/A
ROICexgc 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-Score6
Asset Turnover1.76
Health
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF 0.59
Debt/EBITDA 0.49
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 10.03
Cash Conversion 134.43%
Profit Quality 220.89%
Current Ratio 1.06
Quick Ratio 0.44
Altman-Z 3.63
F-Score6
WACC7.39%
ROIC/WACC1.73
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)38.25%
EPS 3Y13.82%
EPS 5Y18.7%
EPS Q2Q%54.68%
EPS Next Y56.01%
EPS Next 2Y34.58%
EPS Next 3Y25.79%
EPS Next 5YN/A
Revenue 1Y (TTM)22.05%
Revenue growth 3Y13.91%
Revenue growth 5Y10.06%
Sales Q2Q%7.64%
Revenue Next Year9.69%
Revenue Next 2Y8.54%
Revenue Next 3Y7.24%
Revenue Next 5Y0.42%
EBIT growth 1Y37.09%
EBIT growth 3Y26.08%
EBIT growth 5Y32.17%
EBIT Next Year118.18%
EBIT Next 3Y38.96%
EBIT Next 5Y31.06%
FCF growth 1Y176.46%
FCF growth 3Y38.55%
FCF growth 5Y47.76%
OCF growth 1Y218.74%
OCF growth 3Y31.81%
OCF growth 5Y42.73%

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 25.02 and the Price/Book (PB) ratio is 4.8.


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.