(BAMNB) Koninklijke BAM Groep - Ratings and Ratios
Construction, Infrastructure, Buildings, PPP, Timber
| Risk via 10d forecast | |
|---|---|
| Volatility | 34.9% |
| Value at Risk 5%th | 50.6% |
| Reward | |
|---|---|
| Sharpe Ratio | 1.97 |
| Alpha Jensen | 83.88 |
| Character | |
|---|---|
| Hurst Exponent | 0.368 |
| Beta | 0.651 |
| Drawdowns 3y | |
|---|---|
| Max DD | 29.24% |
| Mean DD | 8.98% |
Description: BAMNB Koninklijke BAM Groep November 11, 2025
Koninklijke BAM Groep NV (ticker BAMNB) is a Dutch-based, globally active construction and property group that operates across the construction & engineering, civil engineering, and public-private partnership (PPP) segments. Its portfolio spans the building, upgrading and maintenance of transport and energy infrastructure (roads, railways, bridges, tunnels, cables, sewage, and power networks), the delivery of prefabricated and custom low-rise to mid-rise buildings-including student housing, retirement homes, and the Flow brand of wooden homes-and the design, construction, and operation of commercial, healthcare, educational, leisure, industrial, and airport facilities.
Recent financial metrics (2023) show total revenue of roughly €8.2 billion, an order backlog of about €12 billion (≈1.5× annual revenue), and an adjusted EBIT margin of 5.5 %. The backlog-to-revenue ratio indicates strong demand visibility, while order intake grew ~8 % YoY, driven largely by Dutch and German PPP pipelines.
Key economic drivers for BAM include sustained EU and Dutch government infrastructure spending (the Netherlands targets €30 billion in PPP projects through 2027), the rollout of green-energy and hydrogen infrastructure, and the sensitivity of construction margins to material price inflation and financing costs amid a rising interest-rate environment. A sector-wide base-rate suggests that firms with diversified PPP exposure and a solid backlog can outperform when public-sector capital outlays remain resilient.
For a deeper, data-rich assessment of BAM’s valuation dynamics and scenario analysis, you might find ValueRay’s platform useful as a next step in your research.
BAMNB Stock Overview
| Market Cap in USD | 2,425m |
| Sub-Industry | Construction & Engineering |
| IPO / Inception | |
| Return 12m vs S&P 500 | 73.5% |
| Analyst Rating | - |
BAMNB Dividends
| Dividend Yield | 3.21% |
| Yield on Cost 5y | 20.66% |
| Yield CAGR 5y | 33.33% |
| Payout Consistency | 66.8% |
| Payout Ratio | 43.1% |
BAMNB Growth Ratios
| CAGR | 63.11% |
| CAGR/Max DD Calmar Ratio | 2.16 |
| CAGR/Mean DD Pain Ratio | 7.02 |
| Current Volume | 761.4k |
| Average Volume | 866.2k |
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income (262.5m TTM) > 0 and > 6% of Revenue (6% = 564.3m TTM) |
| FCFTA 0.01 (>2.0%) and ΔFCFTA 9.49pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -0.76% (prev -1.10%; Δ 0.34pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.04 (>3.0%) and CFO 158.6m <= Net Income 262.5m (YES >=105%, WARN >=100%) |
| Net Debt (-407.9m) to EBITDA (411.9m) ratio: -0.99 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.97 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (259.7m) change vs 12m ago -5.88% (target <= -2.0% for YES) |
| Gross Margin 13.58% (prev 55.49%; Δ -41.91pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 241.9% (prev 210.1%; Δ 31.72pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 22.06 (EBITDA TTM 411.9m / Interest Expense TTM 10.4m) >= 6 (WARN >= 3) |
Altman Z'' 0.42
| (A) -0.02 = (Total Current Assets 2.53b - Total Current Liabilities 2.60b) / Total Assets 3.85b |
| (B) 0.03 = Retained Earnings (Balance) 122.4m / Total Assets 3.85b |
| (C) 0.06 = EBIT TTM 229.9m / Avg Total Assets 3.89b |
| (D) 0.04 = Book Value of Equity 122.4m / Total Liabilities 2.96b |
| Total Rating: 0.42 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 70.12
| 1. Piotroski 4.0pt = -1.0 |
| 2. FCF Yield 2.03% = 1.02 |
| 3. FCF Margin 0.36% = 0.09 |
| 4. Debt/Equity 0.10 = 2.49 |
| 5. Debt/Ebitda -0.99 = 2.50 |
| 6. ROIC - WACC (= 15.85)% = 12.50 |
| 7. RoE 28.80% = 2.40 |
| 8. Rev. Trend -2.43% = -0.18 |
| 9. EPS Trend 5.91% = 0.30 |
What is the price of BAMNB shares?
Over the past week, the price has changed by +2.44%, over one month by -9.80%, over three months by -4.54% and over the past year by +97.61%.
Is Koninklijke BAM Groep a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of BAMNB is around 11.16 EUR . This means that BAMNB is currently undervalued and has a potential upside of +43.44% (Margin of Safety).
Is BAMNB a buy, sell or hold?
What are the forecasts/targets for the BAMNB price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 8.8 | 13.5% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 12.4 | 59.8% |
BAMNB Fundamental Data Overview January 01, 1970
Market Cap EUR = 2.09b (2.09b EUR * 1.0 EUR.EUR)
P/E Trailing = 18.0122
P/E Forward = 9.4967
P/S = 0.3129
P/B = 2.3674
Beta = 0.651
Revenue TTM = 9.41b EUR
EBIT TTM = 229.9m EUR
EBITDA TTM = 411.9m EUR
Long Term Debt = 82.4m EUR (from longTermDebt, last quarter)
Short Term Debt = 10.3m EUR (from shortLongTermDebt, last quarter)
Debt = 92.7m EUR (Calculated: Short Term 10.3m + Long Term 82.4m)
Net Debt = -407.9m EUR (calculated as Total Debt 92.7m - CCE 500.6m)
Enterprise Value = 1.68b EUR (2.09b + Debt 92.7m - CCE 500.6m)
Interest Coverage Ratio = 22.06 (Ebit TTM 229.9m / Interest Expense TTM 10.4m)
FCF Yield = 2.03% (FCF TTM 34.2m / Enterprise Value 1.68b)
FCF Margin = 0.36% (FCF TTM 34.2m / Revenue TTM 9.41b)
Net Margin = 2.79% (Net Income TTM 262.5m / Revenue TTM 9.41b)
Gross Margin = 13.58% ((Revenue TTM 9.41b - Cost of Revenue TTM 8.13b) / Revenue TTM)
Gross Margin QoQ = 6.48% (prev 26.47%)
Tobins Q-Ratio = 0.44 (Enterprise Value 1.68b / Total Assets 3.85b)
Interest Expense / Debt = 7.04% (Interest Expense 6.52m / Debt 92.7m)
Taxrate = -3.40% (negative due to tax credits) (-3.29m / 96.8m)
NOPAT = 237.7m (EBIT 229.9m * (1 - -3.40%)) [negative tax rate / tax credits]
Current Ratio = 0.97 (Total Current Assets 2.53b / Total Current Liabilities 2.60b)
Debt / Equity = 0.10 (Debt 92.7m / totalStockholderEquity, last quarter 885.9m)
Debt / EBITDA = -0.99 (Net Debt -407.9m / EBITDA 411.9m)
Debt / FCF = -11.91 (Net Debt -407.9m / FCF TTM 34.2m)
Total Stockholder Equity = 911.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.83% (Net Income 262.5m / Total Assets 3.85b)
RoE = 28.80% (Net Income TTM 262.5m / Total Stockholder Equity 911.6m)
RoCE = 23.13% (EBIT 229.9m / Capital Employed (Equity 911.6m + L.T.Debt 82.4m))
RoIC = 24.22% (NOPAT 237.7m / Invested Capital 981.7m)
WACC = 8.36% (E(2.09b)/V(2.18b) * Re(8.41%) + D(92.7m)/V(2.18b) * Rd(7.04%) * (1-Tc(-0.03)))
Discount Rate = 8.41% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.35%
[DCF Debug] Terminal Value 77.05% ; FCFE base≈34.2m ; Y1≈34.4m ; Y5≈36.9m
Fair Price DCF = 2.34 (DCF Value 608.4m / Shares Outstanding 259.7m; 5y FCF grow 0.0% → 3.0% )
EPS Correlation: 5.91 | EPS CAGR: -56.63% | SUE: 0.0 | # QB: 0
Revenue Correlation: -2.43 | Revenue CAGR: -0.54% | SUE: 0.07 | # QB: 0