KONINKLIJKE BAM GROEP NV (BAMNB.AS)
NL0000337319 - Common Stock
We assign a fundamental rating of 4 out of 10 to BAMNB. BAMNB was compared to 34 industry peers in the Construction & Engineering industry. There are concerns on the financial health of BAMNB while its profitability can be described as average. BAMNB may be a bit undervalued, certainly considering the very reasonable score on growth BAMNB also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
BAMNB had positive earnings in the past year.
BAMNB had a positive operating cash flow in the past year.
BAMNB had positive earnings in 4 of the past 5 years.
Of the past 5 years BAMNB 4 years had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 4.45%, BAMNB is doing good in the industry, outperforming 70.59% of the companies in the same industry.
With a decent Return On Equity value of 19.01%, BAMNB is doing good in the industry, outperforming 67.65% of the companies in the same industry.
The Return On Invested Capital of BAMNB (10.97%) is better than 73.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.45% | ||
| ROE | 19.01% | ||
| ROIC | 10.97% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
BAMNB has a Profit Margin of 2.79%. This is comparable to the rest of the industry: BAMNB outperforms 47.06% of its industry peers.
BAMNB's Profit Margin has improved in the last couple of years.
BAMNB's Operating Margin of 2.49% is on the low side compared to the rest of the industry. BAMNB is outperformed by 70.59% of its industry peers.
BAMNB's Operating Margin has improved in the last couple of years.
BAMNB has a worse Gross Margin (8.76%) than 94.12% of its industry peers.
BAMNB's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.49% | ||
| PM (TTM) | 2.79% | ||
| GM | 8.76% |
OM growth 3YN/A
OM growth 5Y15.16%
PM growth 3YN/A
PM growth 5Y53.28%
GM growth 3Y-46.09%
GM growth 5Y-31.27%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BAMNB is creating some value.
BAMNB has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 1.93 indicates that BAMNB is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 1.93, BAMNB perfoms like the industry average, outperforming 55.88% of the companies in the same industry.
The Debt to FCF ratio of BAMNB is 13.83, which is on the high side as it means it would take BAMNB, 13.83 years of fcf income to pay off all of its debts.
BAMNB has a Debt to FCF ratio (13.83) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.23 indicates that BAMNB is not too dependend on debt financing.
The Debt to Equity ratio of BAMNB (0.23) is better than 73.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 13.83 | ||
| Altman-Z | 1.93 |
ROIC/WACC1.42
WACC7.72%
2.3 Liquidity
A Current Ratio of 0.97 indicates that BAMNB may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.97, BAMNB is doing worse than 76.47% of the companies in the same industry.
BAMNB has a Quick Ratio of 0.97. This is a bad value and indicates that BAMNB is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.79, BAMNB is not doing good in the industry: 82.35% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.79 |
3. Growth
3.1 Past
BAMNB shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.55%.
Measured over the past years, BAMNB shows a very strong growth in Earnings Per Share. The EPS has been growing by 51.58% on average per year.
The Revenue has decreased by -5.25% in the past year.
Measured over the past years, BAMNB shows a decrease in Revenue. The Revenue has been decreasing by -2.75% on average per year.
EPS 1Y (TTM)-2.55%
EPS 3YN/A
EPS 5Y51.58%
EPS growth Q2Q21.98%
Revenue 1Y (TTM)-5.25%
Revenue growth 3Y-2.51%
Revenue growth 5Y-2.75%
Revenue growth Q2Q0.38%
3.2 Future
BAMNB is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.38% yearly.
BAMNB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.22% yearly.
EPS Next Y12.77%
EPS Next 2Y13.92%
EPS Next 3Y13.38%
EPS Next 5YN/A
Revenue Next Year3.41%
Revenue Next 2Y3.25%
Revenue Next 3Y2.97%
Revenue Next 5Y1.22%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 6.10, the valuation of BAMNB can be described as very cheap.
100.00% of the companies in the same industry are more expensive than BAMNB, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of BAMNB to the average of the S&P500 Index (25.25), we can say BAMNB is valued rather cheaply.
BAMNB is valuated cheaply with a Price/Forward Earnings ratio of 7.15.
BAMNB's Price/Forward Earnings ratio is rather cheap when compared to the industry. BAMNB is cheaper than 91.18% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.67. BAMNB is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.1 | ||
| Fwd PE | 7.15 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BAMNB is valued cheaper than 91.18% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BAMNB indicates a slightly more expensive valuation: BAMNB is more expensive than 67.65% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 49.07 | ||
| EV/EBITDA | 2.23 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as BAMNB's earnings are expected to grow with 13.38% in the coming years.
PEG (NY)0.48
PEG (5Y)0.12
EPS Next 2Y13.92%
EPS Next 3Y13.38%
5. Dividend
5.1 Amount
BAMNB has a Yearly Dividend Yield of 5.22%, which is a nice return.
Compared to an average industry Dividend Yield of 3.44, BAMNB pays a better dividend. On top of this BAMNB pays more dividend than 94.12% of the companies listed in the same industry.
BAMNB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.22% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
12.57% of the earnings are spent on dividend by BAMNB. This is a low number and sustainable payout ratio.
DP12.57%
EPS Next 2Y13.92%
EPS Next 3Y13.38%
KONINKLIJKE BAM GROEP NV
AMS:BAMNB (4/25/2024, 5:29:48 PM)
3.902
-0.12 (-2.94%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.05B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.22% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.1 | ||
| Fwd PE | 7.15 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.48
PEG (5Y)0.12
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.45% | ||
| ROE | 19.01% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 2.49% | ||
| PM (TTM) | 2.79% | ||
| GM | 8.76% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.59
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.79 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-2.55%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y12.77%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-5.25%
Revenue growth 3Y-2.51%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y