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ARCADIS NV (ARCAD.AS) Stock Fundamental Analysis

Europe - AMS:ARCAD - NL0006237562 - Common Stock

43.78 EUR
-0.4 (-0.91%)
Last: 9/19/2025, 7:00:00 PM
Fundamental Rating

5

Overall ARCAD gets a fundamental rating of 5 out of 10. We evaluated ARCAD against 31 industry peers in the Professional Services industry. ARCAD scores excellent on profitability, but there are some minor concerns on its financial health. ARCAD is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

ARCAD had positive earnings in the past year.
In the past year ARCAD had a positive cash flow from operations.
In the past 5 years ARCAD has always been profitable.
Each year in the past 5 years ARCAD had a positive operating cash flow.
ARCAD.AS Yearly Net Income VS EBIT VS OCF VS FCFARCAD.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M

1.2 Ratios

Looking at the Return On Assets, with a value of 6.17%, ARCAD is in the better half of the industry, outperforming 71.88% of the companies in the same industry.
ARCAD has a Return On Equity of 22.00%. This is in the better half of the industry: ARCAD outperforms 71.88% of its industry peers.
ARCAD's Return On Invested Capital of 10.90% is fine compared to the rest of the industry. ARCAD outperforms 62.50% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ARCAD is in line with the industry average of 11.18%.
The 3 year average ROIC (9.74%) for ARCAD is below the current ROIC(10.90%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 6.17%
ROE 22%
ROIC 10.91%
ROA(3y)4.63%
ROA(5y)4.14%
ROE(3y)15.99%
ROE(5y)13.31%
ROIC(3y)9.74%
ROIC(5y)9.75%
ARCAD.AS Yearly ROA, ROE, ROICARCAD.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10 15

1.3 Margins

ARCAD has a better Profit Margin (6.17%) than 71.88% of its industry peers.
ARCAD's Profit Margin has improved in the last couple of years.
ARCAD's Operating Margin of 9.64% is fine compared to the rest of the industry. ARCAD outperforms 68.75% of its industry peers.
In the last couple of years the Operating Margin of ARCAD has grown nicely.
Industry RankSector Rank
OM 9.64%
PM (TTM) 6.17%
GM N/A
OM growth 3Y5.13%
OM growth 5Y8.46%
PM growth 3Y-1.46%
PM growth 5Y67.33%
GM growth 3YN/A
GM growth 5YN/A
ARCAD.AS Yearly Profit, Operating, Gross MarginsARCAD.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2 4 6 8 10

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4

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ARCAD is still creating some value.
ARCAD has less shares outstanding than it did 1 year ago.
ARCAD has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ARCAD has an improved debt to assets ratio.
ARCAD.AS Yearly Shares OutstandingARCAD.AS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
ARCAD.AS Yearly Total Debt VS Total AssetsARCAD.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

ARCAD has an Altman-Z score of 2.65. This is not the best score and indicates that ARCAD is in the grey zone with still only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.65, ARCAD perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
ARCAD has a debt to FCF ratio of 5.46. This is a neutral value as ARCAD would need 5.46 years to pay back of all of its debts.
ARCAD has a Debt to FCF ratio of 5.46. This is comparable to the rest of the industry: ARCAD outperforms 50.00% of its industry peers.
ARCAD has a Debt/Equity ratio of 1.12. This is a high value indicating a heavy dependency on external financing.
ARCAD has a Debt to Equity ratio of 1.12. This is in the lower half of the industry: ARCAD underperforms 62.50% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.12
Debt/FCF 5.46
Altman-Z 2.65
ROIC/WACC1.69
WACC6.47%
ARCAD.AS Yearly LT Debt VS Equity VS FCFARCAD.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.3 Liquidity

A Current Ratio of 1.27 indicates that ARCAD should not have too much problems paying its short term obligations.
ARCAD has a Current ratio of 1.27. This is in the better half of the industry: ARCAD outperforms 68.75% of its industry peers.
ARCAD has a Quick Ratio of 1.27. This is a normal value and indicates that ARCAD is financially healthy and should not expect problems in meeting its short term obligations.
ARCAD has a better Quick ratio (1.27) than 75.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1.27
Quick Ratio 1.27
ARCAD.AS Yearly Current Assets VS Current LiabilitesARCAD.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

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5

3. Growth

3.1 Past

ARCAD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.78%, which is quite good.
Measured over the past years, ARCAD shows a very strong growth in Earnings Per Share. The EPS has been growing by 81.22% on average per year.
Looking at the last year, ARCAD shows a small growth in Revenue. The Revenue has grown by 0.66% in the last year.
ARCAD shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.53% yearly.
EPS 1Y (TTM)13.78%
EPS 3Y13.01%
EPS 5Y81.22%
EPS Q2Q%-44.21%
Revenue 1Y (TTM)0.66%
Revenue growth 3Y14.8%
Revenue growth 5Y8.53%
Sales Q2Q%-2.62%

3.2 Future

ARCAD is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.67% yearly.
Based on estimates for the next years, ARCAD will show a small growth in Revenue. The Revenue will grow by 0.40% on average per year.
EPS Next Y5.4%
EPS Next 2Y11.3%
EPS Next 3Y11.1%
EPS Next 5Y10.67%
Revenue Next Year12.4%
Revenue Next 2Y8.71%
Revenue Next 3Y7.65%
Revenue Next 5Y0.4%

3.3 Evolution

Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past 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.
ARCAD.AS Yearly Revenue VS EstimatesARCAD.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 2B 4B 6B
ARCAD.AS Yearly EPS VS EstimatesARCAD.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3 4 5

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5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 16.52, ARCAD is valued correctly.
Based on the Price/Earnings ratio, ARCAD is valued cheaper than 81.25% of the companies in the same industry.
When comparing the Price/Earnings ratio of ARCAD to the average of the S&P500 Index (27.38), we can say ARCAD is valued slightly cheaper.
With a Price/Forward Earnings ratio of 11.43, the valuation of ARCAD can be described as very reasonable.
ARCAD's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ARCAD is cheaper than 75.00% of the companies in the same industry.
ARCAD's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.86.
Industry RankSector Rank
PE 16.52
Fwd PE 11.43
ARCAD.AS Price Earnings VS Forward Price EarningsARCAD.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ARCAD is on the same level as its industry peers.
ARCAD's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 15.71
EV/EBITDA 9.67
ARCAD.AS Per share dataARCAD.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of ARCAD may justify a higher PE ratio.
PEG (NY)3.06
PEG (5Y)0.2
EPS Next 2Y11.3%
EPS Next 3Y11.1%

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.26%, ARCAD has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.26, ARCAD has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, ARCAD has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.26%

5.2 History

On average, the dividend of ARCAD grows each year by 31.53%, which is quite nice.
Dividend Growth(5Y)31.53%
Div Incr Years6
Div Non Decr Years6
ARCAD.AS Yearly Dividends per shareARCAD.AS Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

37.39% of the earnings are spent on dividend by ARCAD. This is a low number and sustainable payout ratio.
The dividend of ARCAD is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP37.39%
EPS Next 2Y11.3%
EPS Next 3Y11.1%
ARCAD.AS Yearly Income VS Free CF VS DividendARCAD.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M
ARCAD.AS Dividend Payout.ARCAD.AS Dividend Payout, showing the Payout Ratio.ARCAD.AS Dividend Payout.PayoutRetained Earnings

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ARCADIS NV

AMS:ARCAD (9/19/2025, 7:00:00 PM)

43.78

-0.4 (-0.91%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)07-31 2025-07-31/bmo
Earnings (Next)10-30 2025-10-30
Inst Owners50.15%
Inst Owner ChangeN/A
Ins Owners0.46%
Ins Owner ChangeN/A
Market Cap3.96B
Analysts81.11
Price Target60.58 (38.37%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.26%
Yearly Dividend0.85
Dividend Growth(5Y)31.53%
DP37.39%
Div Incr Years6
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-25.48%
Min EPS beat(2)-36.09%
Max EPS beat(2)-14.86%
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)0
Avg Revenue beat(2)-30.78%
Min Revenue beat(2)-35.5%
Max Revenue beat(2)-26.05%
Revenue beat(4)0
Avg Revenue beat(4)-17.6%
Min Revenue beat(4)-35.5%
Max Revenue beat(4)-4.39%
Revenue beat(8)0
Avg Revenue beat(8)-15.75%
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)-1.29%
PT rev (3m)-5.15%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-6.52%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.09%
Revenue NY rev (3m)7.47%
Valuation
Industry RankSector Rank
PE 16.52
Fwd PE 11.43
P/S 1.03
P/FCF 15.71
P/OCF 13.7
P/B 3.66
P/tB N/A
EV/EBITDA 9.67
EPS(TTM)2.65
EY6.05%
EPS(NY)3.83
Fwd EY8.75%
FCF(TTM)2.79
FCFY6.36%
OCF(TTM)3.2
OCFY7.3%
SpS42.66
BVpS11.96
TBVpS-4.58
PEG (NY)3.06
PEG (5Y)0.2
Profitability
Industry RankSector Rank
ROA 6.17%
ROE 22%
ROCE 15.97%
ROIC 10.91%
ROICexc 12.52%
ROICexgc 42.24%
OM 9.64%
PM (TTM) 6.17%
GM N/A
FCFM 6.53%
ROA(3y)4.63%
ROA(5y)4.14%
ROE(3y)15.99%
ROE(5y)13.31%
ROIC(3y)9.74%
ROIC(5y)9.75%
ROICexc(3y)11.24%
ROICexc(5y)11.87%
ROICexgc(3y)46.91%
ROICexgc(5y)45.96%
ROCE(3y)13.66%
ROCE(5y)13.67%
ROICexcg growth 3Y8.93%
ROICexcg growth 5Y-10.74%
ROICexc growth 3Y2.55%
ROICexc growth 5Y6.48%
OM growth 3Y5.13%
OM growth 5Y8.46%
PM growth 3Y-1.46%
PM growth 5Y67.33%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover1
Health
Industry RankSector Rank
Debt/Equity 1.12
Debt/FCF 5.46
Debt/EBITDA 2.4
Cap/Depr 27.21%
Cap/Sales 0.96%
Interest Coverage 8.65
Cash Conversion 56.89%
Profit Quality 105.88%
Current Ratio 1.27
Quick Ratio 1.27
Altman-Z 2.65
F-Score7
WACC6.47%
ROIC/WACC1.69
Cap/Depr(3y)29.56%
Cap/Depr(5y)27.6%
Cap/Sales(3y)1.19%
Cap/Sales(5y)1.19%
Profit Quality(3y)159.52%
Profit Quality(5y)558.67%
High Growth Momentum
Growth
EPS 1Y (TTM)13.78%
EPS 3Y13.01%
EPS 5Y81.22%
EPS Q2Q%-44.21%
EPS Next Y5.4%
EPS Next 2Y11.3%
EPS Next 3Y11.1%
EPS Next 5Y10.67%
Revenue 1Y (TTM)0.66%
Revenue growth 3Y14.8%
Revenue growth 5Y8.53%
Sales Q2Q%-2.62%
Revenue Next Year12.4%
Revenue Next 2Y8.71%
Revenue Next 3Y7.65%
Revenue Next 5Y0.4%
EBIT growth 1Y14.27%
EBIT growth 3Y20.69%
EBIT growth 5Y17.72%
EBIT Next Year45.49%
EBIT Next 3Y20.21%
EBIT Next 5YN/A
FCF growth 1Y103.35%
FCF growth 3Y1.15%
FCF growth 5Y12.49%
OCF growth 1Y72.35%
OCF growth 3Y2.04%
OCF growth 5Y9.96%