Ackermans & Van Haaren ACKB.BR
Ackermans & Van Haaren is a diversified Belgian conglomerate with stakes in construction and concessions (DEME, CFE), renewable energy, private banking (Delen), and asset management, operating as a long-term investment holding. Ackermans & Van Haaren shows solid financial health (net cash, ND/EBITDA of -0.17) and an attractive valuation (P/E 13.47, FCF yield 5.74%), with 24.10% earnings growth offsetting a slight revenue decline. Momentum is strong (29.90% over 12 months), though quality (ROE 11.83%) and dividend (1.44%) are moderate.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
Ackermans & Van Haaren is a diversified Belgian conglomerate with stakes in construction and concessions (DEME, CFE), renewable energy, private banking (Delen), and asset management, operating as a long-term investment holding. Ackermans & Van Haaren shows solid financial health (net cash, ND/EBITDA of -0.17) and an attractive valuation (P/E 13.47, FCF yield 5.74%), with 24.10% earnings growth offsetting a slight revenue decline. Momentum is strong (29.90% over 12 months), though quality (ROE 11.83%) and dividend (1.44%) are moderate.
Score by category
| Category | Score |
|---|---|
| Financial health | 7.0 |
| Quality / Moat | 5.2 |
| Valuation | 7.4 |
| Growth | 5.8 |
| Dividend | 5.3 |
| Momentum | 7.5 |
| Risk & Context | 6.9 |
OVERALL SCORE: 6.5/10
Context and risks
Moderate governance risk in Belgium. As a holding with stakes in regulated sectors (private banking, concessions), the country's institutional quality is a relevant factor, although there is no specific regulatory or geopolitical risk materially affecting this company.
News considered in the analysis
- Grieg Seafood backers shake-up ownership — Noticia sobre una participada menor (Grieg Seafood) que no afecta materialmente al valor del holding ni a sus fundamentales.
- Is It Time To Reassess Ackermans & Van Haaren (ENXTBR:ACKB) After Its Strong Multi‑Year Run? — Artículo de análisis genérico sin información nueva; no aporta datos concretos que alteren la valoración.
Verdict: Hold or accumulate on dips: the holding trades at a reasonable valuation with a defensive balance sheet, but quality and dividend do not justify an additional premium.
Main risk: The main risk is dependence on the performance of its subsidiaries (DEME, CFE, Delen) and the ability to create value from the holding; a deterioration in any key subsidiary would directly impact the conglomerate's value.
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