(BAMNB) Koninklijke BAM Groep - AS
Sector: Industrials | Industry: Engineering & Construction | Exchange: AS (Netherlands) | Market Cap: 2.873m EUR | Total Return: 55.1% in 12m
Avg Turnover: 9.80M
Warnings
Altman Z'' 0.75 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
Koninklijke BAM Groep NV is a Netherlands-based construction and engineering firm specializing in the design, development, and maintenance of residential, commercial, and infrastructure projects. Operating primarily across Northwestern Europe, including the United Kingdom and Ireland, the company serves both public and private sector clients through integrated life-cycle contracts.
The company operates within the cyclical construction and engineering sector, where business models are increasingly shifting toward sustainable building solutions and long-term maintenance agreements to secure recurring revenue streams. As a major player in European infrastructure, BAMNBs margins are heavily influenced by raw material costs and the efficiency of its project management systems.
Investors can evaluate the company’s valuation metrics and historical performance further on ValueRay.
- Dutch housing shortage accelerates demand for residential property development projects
- Rising raw material costs and labor scarcity pressure construction profit margins
- Public infrastructure spending in the Netherlands and UK drives civil engineering backlog
- European environmental regulations increase compliance costs for sustainable building initiatives
- Divestment of non-core international assets focuses capital on high-margin domestic markets
| Net Income: 211.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA -0.51 > 1.0 |
| NWC/Revenue: -0.76% < 20% (prev -0.91%; Δ 0.15% < -1%) |
| CFO/TA 0.08 > 3% & CFO 344.7m > Net Income 211.0m |
| Net Debt (-20.5m) to EBITDA (364.7m): -0.06 < 3 |
| Current Ratio: 0.98 > 1.5 & < 3 |
| Outstanding Shares: last quarter (260.7m) vs 12m ago -5.26% < -2% |
| Gross Margin: 16.69% > 18% (prev 16.47%; Δ 0.22% > 0.5%) |
| Asset Turnover: 176.2% > 50% (prev 165.9%; Δ 10.27% > 0%) |
| Interest Coverage Ratio: 13.26 > 6 (EBIT TTM 206.9m / Interest Expense TTM 15.6m) |
| A: -0.01 (Total Current Assets 2.73b - Total Current Liabilities 2.78b) / Total Assets 4.10b |
| B: 0.05 (Retained Earnings 209.7m / Total Assets 4.10b) |
| C: 0.05 (EBIT TTM 206.9m / Avg Total Assets 4.00b) |
| D: 0.30 (Book Value of Equity 958.0m / Total Liabilities 3.14b) |
| Altman-Z'' = 0.75 = B |
| DSRI: 0.95 (Receivables 1.31b/1.26b, Revenue 7.04b/6.45b) |
| GMI: 0.99 (GM 16.47% / 16.69%) |
| AQI: 0.99 (AQ_t 0.20 / AQ_t-1 0.21) |
| SGI: 1.09 (Revenue 7.04b / 6.45b) |
| TATA: -0.03 (NI 211.0m - CFO 344.7m) / TA 4.10b) |
| Beneish M = -3.02 (Cap -4..+1) = AA |
As of June 14, 2026, the stock is trading at EUR 11.35 with a total of 1,137,491 shares traded.
Over the past week, the price has changed by +4.70%,
over one month by +23.10%,
over three months by +34.26% and
over the past year by +55.05%.
Koninklijke BAM Groep has no consensus analysts rating.
P/E Trailing = 13.825
P/E Forward = 12.7714
P/S = 0.408
P/B = 2.9155
P/EG = 11.1111
Revenue TTM = 7.04b EUR
EBIT TTM = 206.9m EUR
EBITDA TTM = 364.7m EUR
Long Term Debt = 56.3m EUR (from longTermDebt, last quarter)
Short Term Debt = 135.0m EUR (from shortTermDebt, last quarter)
Debt = 862.9m EUR (from shortLongTermDebtTotal, last quarter) + Leases 290.8m
Net Debt = -20.5m EUR (calculated: Debt 862.9m - CCE 883.4m)
Enterprise Value = 2.85b EUR (2.87b + Debt 862.9m - CCE 883.4m)
Interest Coverage Ratio = 13.26 (Ebit TTM 206.9m / Interest Expense TTM 15.6m)
EV/FCF = 10.14x (Enterprise Value 2.85b / FCF TTM 281.2m)
FCF Yield = 9.86% (FCF TTM 281.2m / Enterprise Value 2.85b)
FCF Margin = 3.99% (FCF TTM 281.2m / Revenue TTM 7.04b)
Net Margin = 3.00% (Net Income TTM 211.0m / Revenue TTM 7.04b)
Gross Margin = 16.69% ((Revenue TTM 7.04b - Cost of Revenue TTM 5.86b) / Revenue TTM)
Gross Margin QoQ = 6.37% (prev 27.87%)
Tobins Q-Ratio = 0.70 (Enterprise Value 2.85b / Total Assets 4.10b)
Interest Expense / Debt = 1.81% (Interest Expense 15.6m / Debt 862.9m)
Taxrate = 15.09% (37.5m / 248.5m)
NOPAT = 175.7m (EBIT 206.9m * (1 - 15.09%))
Current Ratio = 0.98 (Total Current Assets 2.73b / Total Current Liabilities 2.78b)
Debt / Equity = 0.90 (Debt 862.9m / totalStockholderEquity, last quarter 958.0m)
Debt / EBITDA = -0.06 (Net Debt -20.5m / EBITDA 364.7m)
Debt / FCF = -0.07 (Net Debt -20.5m / FCF TTM 281.2m)
Total Stockholder Equity = 920.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.28% (Net Income 211.0m / Total Assets 4.10b)
RoE = 22.91% (Net Income TTM 211.0m / Total Stockholder Equity 920.9m)
RoCE = 21.17% (EBIT 206.9m / Capital Employed (Equity 920.9m + L.T.Debt 56.3m))
RoIC = 15.91% (NOPAT 175.7m / Invested Capital 1.10b)
WACC = 6.58% (E(2.87b)/V(3.74b) * Re(8.09%) + D(862.9m)/V(3.74b) * Rd(1.81%) * (1-Tc(0.15)))
Discount Rate = 8.09% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -44.95 | Cagr: -2.78%
[DCF] Terminal Value 75.19% ; FCFF base≈283.3m ; Y1≈280.1m ; Y5≈287.5m
[DCF] Fair Price = 17.53 (EV 4.49b - Net Debt -20.5m = Equity 4.51b / Shares 257.2m; r=8.35% [WACC [floored]]; 5y FCF grow -1.86% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 96.09 | Revenue CAGR: 5.96% | SUE: 0.30 | # QB: 0
EPS current Year (2026-12-31): EPS=0.92 | Chg30d=-0.03% | Revisions=+0% | GrowthEPS=+11.5% | GrowthRev=+3.3%
EPS next Year (2027-12-31): EPS=1.00 | Chg30d=+2.23% | Revisions=+33% | GrowthEPS=+8.4% | GrowthRev=+3.9%
[Analyst] Revisions Ratio: +33%