BAMNB Stock Analysis: Koninklijke BAM Groep | AS
Engineering & Construction | AS, Netherlands | Market Cap: 2.995m EUR | 12M Return: 60.7% | NL0000337319 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 7.75M
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Koninklijke BAM Groep NV (BAMNB) is a Dutch construction and engineering company founded in 1869 and headquartered in Bunnik, the Netherlands. It operates across the Netherlands, the United Kingdom, Ireland, Germany, Belgium, and other international markets, providing products and services in both the construction/property and civil engineering sectors.
The company designs, builds, and maintains sustainable buildings, homes, and infrastructure for public and private clients. Its activities extend beyond construction to include property development and the operation of maintenance and service contracts.
As a mid-cap Industrials company listed on the Amsterdam Stock Exchange, BAM operates in the construction and engineering sub-industry, a sector characterized by long project cycles, reliance on public infrastructure spending, and exposure to commodity price fluctuations. The companys diversified geographic footprint across Northwestern Europe helps mitigate country-specific construction cycle risks.
- UK infrastructure spending accelerates order book growth
- Dutch housing slowdown pressures construction margins
- Energy transition projects expand civil engineering pipeline
| Net Income: 236.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 5.99 > 1.0 |
| NWC/Revenue: -1.10% < 20% (prev -1.07%; Δ -0.03% < -1%) |
| CFO/TA 0.13 > 3% & CFO 547.8m > Net Income 236.5m |
| Net Debt (-4.00m) to EBITDA (418.9m): -0.01 < 3 |
| Current Ratio: 0.97 > 1.5 & < 3 |
| Outstanding Shares: last quarter (254.1m) vs 12m ago -2.97% < -2% |
| Gross Margin: 6.57% > 18% (prev 17.42%; Δ -10.85% > 0.5%) |
| Asset Turnover: 176.2% > 50% (prev 173.8%; Δ 2.31% > 0%) |
| Interest Coverage Ratio: 14.46 > 6 (EBIT TTM 243.0m / Interest Expense TTM 16.8m) |
| A: -0.02 (Total Current Assets 2.82b - Total Current Liabilities 2.90b) / Total Assets 4.28b |
| B: 0.05 (Retained Earnings 209.7m / Total Assets 4.28b) |
| C: 0.06 (EBIT TTM 243.0m / Avg Total Assets 4.06b) |
| D: 0.30 (Book Value of Equity 979.0m / Total Liabilities 3.30b) |
| Altman-Z'' = 0.75 = B |
| DSRI: 0.96 (Receivables 1.48b/1.44b, Revenue 7.15b/6.69b) |
| GMI: 2.65 (GM 17.42% / 6.57%) |
| AQI: 1.00 (AQ_t 0.22 / AQ_t-1 0.22) |
| SGI: 1.07 (Revenue 7.15b / 6.69b) |
| TATA: -0.07 (NI 236.5m - CFO 547.8m) / TA 4.28b) |
| Beneish M = -1.52 (Cap -4..+1) = CCC |
As of October 19, 2026, the stock is trading at EUR 11.44 with a total of 803,085 shares traded. Over the past week, the price has changed by -1.97%, over one month by -2.64%, over three months by +1.42% and over the past year by +60.74%.
Current recommended Stop Loss: 11.00 (which is 3.8% or 1.3 ATR below the current price).
Koninklijke BAM Groep has no consensus analysts rating.
P/E Trailing = 12.6703
P/E Forward = 12.3001
P/S = 0.4186
P/B = 3.1684
P/EG = 11.1111
Revenue TTM = 7.15b EUR
EBIT TTM = 243.0m EUR
EBITDA TTM = 418.9m EUR
Long Term Debt = 80.0m EUR (from longTermDebt, last quarter)
Short Term Debt = 146.0m EUR (from shortTermDebt, last quarter)
Debt = 711.0m EUR (from shortLongTermDebtTotal, last quarter) + Leases 296.0m
Net Debt = -4.00m EUR (calculated: Debt 711.0m - CCE 715.0m)
Enterprise Value = 2.99b EUR (2.99b + Debt 711.0m - CCE 715.0m)
Interest Coverage Ratio = 14.46 (Ebit TTM 243.0m / Interest Expense TTM 16.8m)
EV/FCF = 6.00x (Enterprise Value 2.99b / FCF TTM 498.6m)
FCF Yield = 16.67% (FCF TTM 498.6m / Enterprise Value 2.99b)
FCF Margin = 6.97% (FCF TTM 498.6m / Revenue TTM 7.15b)
Net Margin = 3.31% (Net Income TTM 236.5m / Revenue TTM 7.15b)
Gross Margin = 6.57% ((Revenue TTM 7.15b - Cost of Revenue TTM 6.68b) / Revenue TTM)
Gross Margin QoQ = 6.78% (prev 6.37%)
Tobins Q-Ratio = 0.70 (Enterprise Value 2.99b / Total Assets 4.28b)
Interest Expense / Debt = 2.36% (Interest Expense 16.8m / Debt 711.0m)
Taxrate = 18.70% (54.4m / 290.9m)
NOPAT = 197.6m (EBIT 243.0m * (1 - 18.70%))
Current Ratio = 0.97 (Total Current Assets 2.82b / Total Current Liabilities 2.90b)
Debt / Equity = 0.73 (Debt 711.0m / totalStockholderEquity, last quarter 979.0m)
Debt / EBITDA = -0.01 (Net Debt -4.00m / EBITDA 418.9m)
Debt / FCF = -0.01 (Net Debt -4.00m / FCF TTM 498.6m)
Total Stockholder Equity = 929.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.82% (Net Income 236.5m / Total Assets 4.28b)
RoE = 25.44% (Net Income TTM 236.5m / Total Stockholder Equity 929.6m)
RoCE = 24.07% (EBIT 243.0m / Capital Employed (Equity 929.6m + L.T.Debt 80.0m))
RoIC = 16.97% (NOPAT 197.6m / Invested Capital 1.16b)
WACC = 6.95% (E(2.99b)/V(3.71b) * Re(8.14%) + D(711.0m)/V(3.71b) * Rd(2.36%) * (1-Tc(0.19)))
Discount Rate = 8.14% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -52.90 | Cagr: -3.86%
[DCF] Terminal Value 77.97% ; FCFF base≈386.4m ; Y1≈442.9m ; Y5≈651.8m
[DCF] Fair Price = 38.15 (EV 9.81b - Net Debt -4.00m = Equity 9.81b / Shares 257.2m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 96.09 | Revenue CAGR: 5.96% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=1.08 | Chg30d=+3.33% | Revisions=+25% | GrowthEPS=+31.3% | GrowthRev=+4.5%
EPS next Year (2027-12-31): EPS=1.11 | Chg30d=+7.30% | Revisions=+25% | GrowthEPS=+2.3% | GrowthRev=+5.0%
[Analyst] Revisions Ratio: +40% (up=2, down=0)