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FUGRO NV (FUR.AS) Stock Fundamental Analysis

AMS:FUR - Euronext Amsterdam - NL00150003E1 - Common Stock - Currency: EUR

11.32  +0.03 (+0.27%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to FUR. FUR was compared to 42 industry peers in the Construction & Engineering industry. FUR has an excellent profitability rating, but there are some minor concerns on its financial health. FUR is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

FUR had positive earnings in the past year.
FUR had a positive operating cash flow in the past year.
Of the past 5 years FUR 4 years were profitable.
FUR had a positive operating cash flow in each of the past 5 years.
FUR.AS Yearly Net Income VS EBIT VS OCF VS FCFFUR.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 200M -200M 400M

1.2 Ratios

The Return On Assets of FUR (5.81%) is better than 70.45% of its industry peers.
Looking at the Return On Equity, with a value of 10.74%, FUR is in line with its industry, outperforming 45.45% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 8.13%, FUR is in line with its industry, outperforming 52.27% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for FUR is in line with the industry average of 10.99%.
Industry RankSector Rank
ROA 5.81%
ROE 10.74%
ROIC 8.13%
ROA(3y)8.22%
ROA(5y)3.66%
ROE(3y)15.04%
ROE(5y)5.75%
ROIC(3y)10.63%
ROIC(5y)7.42%
FUR.AS Yearly ROA, ROE, ROICFUR.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20 -30

1.3 Margins

FUR's Profit Margin of 6.85% is fine compared to the rest of the industry. FUR outperforms 68.18% of its industry peers.
FUR's Profit Margin has improved in the last couple of years.
FUR has a Operating Margin of 8.58%. This is in the better half of the industry: FUR outperforms 61.36% of its industry peers.
FUR's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 67.89%, FUR belongs to the best of the industry, outperforming 81.82% of the companies in the same industry.
In the last couple of years the Gross Margin of FUR has grown nicely.
Industry RankSector Rank
OM 8.58%
PM (TTM) 6.85%
GM 67.89%
OM growth 3Y56.41%
OM growth 5Y46.65%
PM growth 3Y35.26%
PM growth 5YN/A
GM growth 3Y3.97%
GM growth 5Y2.39%
FUR.AS Yearly Profit, Operating, Gross MarginsFUR.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

5

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so FUR is still creating some value.
Compared to 1 year ago, FUR has less shares outstanding
The number of shares outstanding for FUR has been increased compared to 5 years ago.
The debt/assets ratio for FUR has been reduced compared to a year ago.
FUR.AS Yearly Shares OutstandingFUR.AS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
FUR.AS Yearly Total Debt VS Total AssetsFUR.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.2 Solvency

An Altman-Z score of 2.23 indicates that FUR is not a great score, but indicates only limited risk for bankruptcy at the moment.
FUR's Altman-Z score of 2.23 is fine compared to the rest of the industry. FUR outperforms 63.64% of its industry peers.
The Debt to FCF ratio of FUR is 8.72, which is on the high side as it means it would take FUR, 8.72 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 8.72, FUR is in line with its industry, outperforming 45.45% of the companies in the same industry.
FUR has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
FUR has a Debt to Equity ratio of 0.37. This is in the better half of the industry: FUR outperforms 63.64% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 8.72
Altman-Z 2.23
ROIC/WACC1.16
WACC7.03%
FUR.AS Yearly LT Debt VS Equity VS FCFFUR.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B

2.3 Liquidity

FUR has a Current Ratio of 1.41. This is a normal value and indicates that FUR is financially healthy and should not expect problems in meeting its short term obligations.
FUR's Current ratio of 1.41 is fine compared to the rest of the industry. FUR outperforms 72.73% of its industry peers.
A Quick Ratio of 1.33 indicates that FUR should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.33, FUR is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.41
Quick Ratio 1.33
FUR.AS Yearly Current Assets VS Current LiabilitesFUR.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

3

3. Growth

3.1 Past

The earnings per share for FUR have decreased strongly by -50.33% in the last year.
FUR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 50.88% yearly.
FUR shows a decrease in Revenue. In the last year, the revenue decreased by -7.57%.
FUR shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.88% yearly.
EPS 1Y (TTM)-50.33%
EPS 3Y50.88%
EPS 5YN/A
EPS Q2Q%-116.33%
Revenue 1Y (TTM)-7.57%
Revenue growth 3Y15.9%
Revenue growth 5Y6.88%
Sales Q2Q%-17.08%

3.2 Future

The Earnings Per Share is expected to decrease by -1.84% on average over the next years.
Based on estimates for the next years, FUR will show a small growth in Revenue. The Revenue will grow by 1.41% on average per year.
EPS Next Y-11.35%
EPS Next 2Y-0.75%
EPS Next 3Y0.86%
EPS Next 5Y-1.84%
Revenue Next Year-6.47%
Revenue Next 2Y-0.54%
Revenue Next 3Y0.13%
Revenue Next 5Y1.41%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
FUR.AS Yearly Revenue VS EstimatesFUR.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 1B 2B 3B
FUR.AS Yearly EPS VS EstimatesFUR.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 -1 2 -2

6

4. Valuation

4.1 Price/Earnings Ratio

FUR is valuated reasonably with a Price/Earnings ratio of 9.20.
Compared to the rest of the industry, the Price/Earnings ratio of FUR indicates a rather cheap valuation: FUR is cheaper than 90.91% of the companies listed in the same industry.
FUR is valuated cheaply when we compare the Price/Earnings ratio to 26.84, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 5.52 indicates a rather cheap valuation of FUR.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FUR indicates a rather cheap valuation: FUR is cheaper than 95.45% of the companies listed in the same industry.
FUR is valuated cheaply when we compare the Price/Forward Earnings ratio to 35.29, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 9.2
Fwd PE 5.52
FUR.AS Price Earnings VS Forward Price EarningsFUR.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

79.55% of the companies in the same industry are more expensive than FUR, based on the Enterprise Value to EBITDA ratio.
FUR's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 20.01
EV/EBITDA 4.83
FUR.AS Per share dataFUR.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

The decent profitability rating of FUR may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-0.75%
EPS Next 3Y0.86%

6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.54%, FUR has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.64, FUR pays a bit more dividend than its industry peers.
FUR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
Industry RankSector Rank
Dividend Yield 3.54%

5.2 History

On average, the dividend of FUR grows each year by 48.03%, which is quite nice.
Dividend Growth(5Y)48.03%
Div Incr Years1
Div Non Decr Years1
FUR.AS Yearly Dividends per shareFUR.AS Yearly Dividends per shareYearly Dividends per share 2024 2025 0.2 0.4 0.6

5.3 Sustainability

FUR pays out 58.99% of its income as dividend. This is a bit on the high side, but may be sustainable.
FUR's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP58.99%
EPS Next 2Y-0.75%
EPS Next 3Y0.86%
FUR.AS Yearly Income VS Free CF VS DividendFUR.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 200M -200M
FUR.AS Dividend Payout.FUR.AS Dividend Payout, showing the Payout Ratio.FUR.AS Dividend Payout.PayoutRetained Earnings

FUGRO NV

AMS:FUR (8/15/2025, 7:00:00 PM)

11.32

+0.03 (+0.27%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)08-01 2025-08-01/bmo
Earnings (Next)10-31 2025-10-31
Inst Owners51.72%
Inst Owner ChangeN/A
Ins Owners3.48%
Ins Owner ChangeN/A
Market Cap1.28B
Analysts76.67
Price Target14.62 (29.15%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.54%
Yearly Dividend0.41
Dividend Growth(5Y)48.03%
DP58.99%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
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)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
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)-24.45%
PT rev (3m)-32.07%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.92%
Revenue NY rev (3m)-0.92%
Valuation
Industry RankSector Rank
PE 9.2
Fwd PE 5.52
P/S 0.61
P/FCF 20.01
P/OCF 3.39
P/B 0.96
P/tB 1.22
EV/EBITDA 4.83
EPS(TTM)1.23
EY10.87%
EPS(NY)2.05
Fwd EY18.13%
FCF(TTM)0.57
FCFY5%
OCF(TTM)3.34
OCFY29.51%
SpS18.53
BVpS11.83
TBVpS9.27
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 5.81%
ROE 10.74%
ROCE 9.45%
ROIC 8.13%
ROICexc 8.67%
ROICexgc 10.35%
OM 8.58%
PM (TTM) 6.85%
GM 67.89%
FCFM 3.05%
ROA(3y)8.22%
ROA(5y)3.66%
ROE(3y)15.04%
ROE(5y)5.75%
ROIC(3y)10.63%
ROIC(5y)7.42%
ROICexc(3y)12.85%
ROICexc(5y)8.91%
ROICexgc(3y)16.14%
ROICexgc(5y)11.32%
ROCE(3y)12.36%
ROCE(5y)8.63%
ROICexcg growth 3Y54.17%
ROICexcg growth 5Y49.51%
ROICexc growth 3Y59.59%
ROICexc growth 5Y50.79%
OM growth 3Y56.41%
OM growth 5Y46.65%
PM growth 3Y35.26%
PM growth 5YN/A
GM growth 3Y3.97%
GM growth 5Y2.39%
F-Score5
Asset Turnover0.85
Health
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 8.72
Debt/EBITDA 1.4
Cap/Depr 178.2%
Cap/Sales 14.97%
Interest Coverage 7.89
Cash Conversion 106.15%
Profit Quality 44.54%
Current Ratio 1.41
Quick Ratio 1.33
Altman-Z 2.23
F-Score5
WACC7.03%
ROIC/WACC1.16
Cap/Depr(3y)127.36%
Cap/Depr(5y)105.09%
Cap/Sales(3y)8.97%
Cap/Sales(5y)7.66%
Profit Quality(3y)43.4%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-50.33%
EPS 3Y50.88%
EPS 5YN/A
EPS Q2Q%-116.33%
EPS Next Y-11.35%
EPS Next 2Y-0.75%
EPS Next 3Y0.86%
EPS Next 5Y-1.84%
Revenue 1Y (TTM)-7.57%
Revenue growth 3Y15.9%
Revenue growth 5Y6.88%
Sales Q2Q%-17.08%
Revenue Next Year-6.47%
Revenue Next 2Y-0.54%
Revenue Next 3Y0.13%
Revenue Next 5Y1.41%
EBIT growth 1Y-39.51%
EBIT growth 3Y81.27%
EBIT growth 5Y56.74%
EBIT Next Year45.82%
EBIT Next 3Y21.01%
EBIT Next 5Y11.14%
FCF growth 1Y-20.56%
FCF growth 3Y135.26%
FCF growth 5Y40.42%
OCF growth 1Y80.31%
OCF growth 3Y64.77%
OCF growth 5Y29.6%