(HEIJM) Koninklijke Heijmans - Overview
Sector: Industrials | Industry: Engineering & Construction | Exchange: AS (Netherlands) | Market Cap: 2.506m EUR | Total Return: 76.4% in 12m
Real Estate, Construction, Infrastructure, Installations
Total Rating 64
Safety 77
Buy Signal -0.42
Engineering & Construction
Industry Rotation: -7.3
Industry Rotation: -7.3
Market Cap:
2.94B
Avg Turnover: 4.39M
Avg Turnover: 4.39M
Risk 3d forecast
Volatility44.0%
VaR 5th Pctl6.66%
VaR vs Median-16.3%
Reward TTM
Sharpe Ratio1.47
Rel. Str. IBD81.8
Rel. Str. Peer Group57
Character TTM
Beta0.455
Beta Downside-0.456
Hurst Exponent0.577
Drawdowns 3y
Max DD19.40%
CAGR/Max DD5.87
CAGR/Mean DD22.08
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Description: HEIJM Koninklijke Heijmans
Koninklijke Heijmans N.V. is a Netherlands-based construction and engineering firm specializing in real estate development, residential building, and infrastructure maintenance. The company operates across the full project lifecycle, from initial design and development to technical installation and long-term asset management for public and private sectors.
The business model relies heavily on integrated contracts, which combine civil engineering with mechanical and electrical services to service complex facilities like data centers and laboratories. As a major player in the Dutch market, Heijmans is subject to national nitrogen emission regulations and spatial planning policies that dictate the pace of new housing and road projects.
Investors may find additional fundamental insights by reviewing the latest valuation metrics on ValueRay.
Headquartered in Rosmalen, the firm recently received its Koninklijke (Royal) designation in 2023, marking a century of operations in the European construction industry.
- Dutch housing shortage accelerates residential development and property sales revenue
- Infrastructure maintenance contracts provide steady long-term cash flow stability
- High interest rates dampen private sector demand for new construction projects
- Nitrogen emission regulations pose persistent risks to large-scale infrastructure permitting
- Rising material and labor costs pressure margins on fixed-price building contracts
Piotroski VR‑10 (Strict)
6.0
| Net Income: 220.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.17 > 0.02 and ΔFCF/TA 8.32 > 1.0 |
| NWC/Revenue: 0.37% < 20% (prev 2.32%; Δ -1.94% < -1%) |
| CFO/TA 0.33 > 3% & CFO 542.5m > Net Income 220.0m |
| Net Debt (33.0m) to EBITDA (357.2m): 0.09 < 3 |
| Current Ratio: 1.02 > 1.5 & < 3 |
| Outstanding Shares: last quarter (27.5m) vs 12m ago 7.09% < -2% |
| Gross Margin: 14.53% > 18% (prev 0.14%; Δ 1.44k% > 0.5%) |
| Asset Turnover: 354.0% > 50% (prev 225.4%; Δ 128.6% > 0%) |
| Interest Coverage Ratio: 26.76 > 6 (EBITDA TTM 357.2m / Interest Expense TTM 10.2m) |
Altman Z''
2.08
| A: 0.01 (Total Current Assets 947.0m - Total Current Liabilities 927.0m) / Total Assets 1.67b |
| B: 0.17 (Retained Earnings 290.0m / Total Assets 1.67b) |
| C: 0.18 (EBIT TTM 273.0m / Avg Total Assets 1.51b) |
| D: 0.21 (Book Value of Equity 234.0m / Total Liabilities 1.12b) |
| Altman-Z'' Score: 2.08 = BBB |
Beneish M
-3.04
| DSRI: 0.64 (Receivables 245.0m/219.9m, Revenue 5.36b/3.07b) |
| GMI: 0.93 (GM 14.53% / 13.51%) |
| AQI: 1.03 (AQ_t 0.27 / AQ_t-1 0.26) |
| SGI: 1.75 (Revenue 5.36b / 3.07b) |
| TATA: -0.19 (NI 220.0m - CFO 542.5m) / TA 1.67b) |
| Beneish M-Score: -3.04 (Cap -4..+1) = AA |
What is the price of HEIJM shares?
As of May 17, 2026, the stock is trading at EUR 86.50 with a total of 53,469 shares traded.
Over the past week, the price has changed by -4.89%, over one month by +1.78%, over three months by +0.52% and over the past year by +76.43%.
Over the past week, the price has changed by -4.89%, over one month by +1.78%, over three months by +0.52% and over the past year by +76.43%.
Is HEIJM a buy, sell or hold?
Koninklijke Heijmans has no consensus analysts rating.
What are the forecasts/targets for the HEIJM price?
| Analysts Target Price | - | - |
Koninklijke Heijmans (HEIJM) - Fundamental Data Overview
as of 13 May 2026
Market Cap USD = 2.94b (2.51b EUR * 1.1715 EUR.USD)P/E Trailing = 19.2812
P/E Forward = 15.3139
P/S = 0.904
P/B = 4.558
P/EG = 2.0673
Revenue TTM = 5.36b EUR
EBIT TTM = 273.0m EUR
EBITDA TTM = 357.2m EUR
Long Term Debt = 8.30m EUR (from longTermDebt, last quarter)
Short Term Debt = 35.0m EUR (from shortTermDebt, last quarter)
Debt = 223.0m EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 33.0m EUR (from netDebt column, last quarter)
Enterprise Value = 2.54b EUR (2.51b + Debt 223.0m - CCE 190.0m)
Interest Coverage Ratio = 26.76 (Ebit TTM 273.0m / Interest Expense TTM 10.2m)
EV/FCF = 8.82x (Enterprise Value 2.54b / FCF TTM 287.8m)
FCF Yield = 11.34% (FCF TTM 287.8m / Enterprise Value 2.54b)
FCF Margin = 5.37% (FCF TTM 287.8m / Revenue TTM 5.36b)
Net Margin = 4.11% (Net Income TTM 220.0m / Revenue TTM 5.36b)
Gross Margin = 14.53% ((Revenue TTM 5.36b - Cost of Revenue TTM 4.58b) / Revenue TTM)
Gross Margin QoQ = 15.53% (prev 16.26%)
Tobins Q-Ratio = 1.52 (Enterprise Value 2.54b / Total Assets 1.67b)
Interest Expense / Debt = 1.35% (Interest Expense 3.00m / Debt 223.0m)
Taxrate = 24.21% (23.0m / 95.0m)
NOPAT = 206.9m (EBIT 273.0m * (1 - 24.21%))
Current Ratio = 1.02 (Total Current Assets 947.0m / Total Current Liabilities 927.0m)
Debt / Equity = 0.41 (Debt 223.0m / totalStockholderEquity, last quarter 548.0m)
Debt / EBITDA = 0.09 (Net Debt 33.0m / EBITDA 357.2m)
Debt / FCF = 0.11 (Net Debt 33.0m / FCF TTM 287.8m)
Total Stockholder Equity = 474.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 14.54% (Net Income 220.0m / Total Assets 1.67b)
RoE = 46.41% (Net Income TTM 220.0m / Total Stockholder Equity 474.0m)
RoCE = 56.60% (EBIT 273.0m / Capital Employed (Equity 474.0m + L.T.Debt 8.30m))
RoIC = 42.13% (NOPAT 206.9m / Invested Capital 491.1m)
WACC = 7.04% (E(2.51b)/V(2.73b) * Re(7.58%) + D(223.0m)/V(2.73b) * Rd(1.35%) * (1-Tc(0.24)))
Discount Rate = 7.58% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares (quarterly) Correlation: 84.11 | Cagr: 8.46%
[DCF] Terminal Value 75.31% ; FCFF base≈221.4m ; Y1≈145.4m ; Y5≈66.5m
[DCF] Fair Price = 57.01 (EV 1.60b - Net Debt 33.0m = Equity 1.57b / Shares 27.5m; r=7.04% [WACC]; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 28.09 | EPS CAGR: 89.54% | SUE: N/A | # QB: 0
Revenue Correlation: 91.49 | Revenue CAGR: 25.25% | SUE: -0.02 | # QB: 0
EPS current Year (2026-12-31): EPS=6.08 | Chg30d=+0.00% | Revisions=-20% | GrowthEPS=+10.8% | GrowthRev=+12.2%
EPS next Year (2027-12-31): EPS=6.93 | Chg30d=+0.00% | Revisions=-20% | GrowthEPS=+14.0% | GrowthRev=+5.5%