Arcadis ARCAD.AS
NetherlandsIndustrials · Engineering & ConstructionEuronext Ámsterdam · EUR
47.06 EUR (+16.7%)
8 analysts
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Arcadis is a global design and engineering consultancy offering consulting, design, engineering, and project management solutions for infrastructure, water, environment, and buildings, with a project-based business model serving public and private clients.
Listed on Euronext Ámsterdam · Symbol ARCAD.AS · AMS: ARCAD · Currency EUR
Key points
from its scores- ✓Attractive dividend7.4
- ✓Favourable backdrop7.3
- ✓Attractive valuation7.0
- ✕Poor share-price trend3.5
- ✕Fragile balance sheet4.5
AI analysis
bottom line, main risk, context and newsArcadis is a quality company with a reasonable valuation, but its high leverage and low growth limit the potential for short-term revaluation.
Arcadis presents moderate financial health (score 4.75) with high leverage (Net Debt/EBITDA 3.08), but shows solid quality (ROE 19.15%) and an attractive valuation (forward P/E 10.97, FCF yield 7.77%). Growth is low (revenue +1.10%), which limits its appeal, although the dividend is sustainable (payout 45.06%).
The main risk is its high leverage (Net Debt/EBITDA of 3.08), which in a rising interest rate environment in Europe could increase the cost of debt and pressure its financial health.
Context and risks
Arcadis operates in the Netherlands, a country with solid governance, but its engineering and construction business is exposed to public infrastructure projects, where regulatory changes and government spending can affect demand. The country's moderate governance risk adds slight uncertainty, although no specific regulatory or geopolitical risks materially affecting the company are identified at this time.
Is Arcadis stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 21% below the Industrials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 17.3 | 25.4 | −32% |
| EV / EBITDA | 13.1 | 14.5 | −9% |
| Price / book | 3.3 | 4.1 | −20% |
| Price / sales | 0.7 | 2.1 | −66% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 7.0 out of 10 (median for Industrials: 5.0).
Average analyst target: 47.06 EUR, +16.7% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 4.5 (sector 6.4), Growth 4.5 (sector 6.6).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Industrials medianValuation
- P/E
- 17.3
- Forward P/E
- 11.0
- EV / EBITDA
- 13.1
- Price / book
- 3.3
- Price / sales
- 0.7
- PEG
- 2.94
- Market cap
- 3.4B EUR
- Enterprise value
- 4.5B EUR
Profitability
- ROE
- 19.1%
- ROA
- 5.2%
- ROIC (approx.)
- 13.6%
- Gross margin
- 16.4%
- Operating margin
- 6.6%
- Net margin
- 4.2%
- Free cash flow
- 267.0M EUR
- FCF yield
- 7.8%
- Cash conversion
- 78%
Solvency
- Total debt
- 1.3B EUR
- Net debt
- 1.1B EUR
- Cash
- 273.0M EUR
- EBITDA
- 341.0M EUR
- Net debt / EBITDA
- 3.08
- Debt / equity
- 125.86
- Current ratio
- 1.19
- Quick ratio
- 1.09
Growth
- Revenue growth
- +1.1%
- Earnings growth
- +0.9%
- EPS (TTM)
- 2.33 EUR
- EPS (forward)
- 3.68 EUR
Dividend
- Dividend yield
- 2.6%
- Payout
- 45.1%
Risk and market
- Beta
- 0.78
- Analyst consensus
- Buy (8)
- Target price
- 47.06 EUR
- 52-week range
- 25.88 – 51.25
Recent news
All ARCAD.AS news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about Arcadis
Is Arcadis stock cheap or expensive?
On P/E and EV / EBITDA, it trades 21% below the Industrials median on average. Valuation score: 7.0 out of 10 (median for Industrials: 5.0). Average analyst target: 47.06 EUR, +16.7% versus the price. This is not investment advice.
What score does Arcadis get on MeridIAn Screener?
It scores 5.9 out of 10, rank 1,047 of 2,130 (better than 47% of the companies analysed). Its strongest category is Dividend (7.4) and its weakest, Momentum (3.5). Analysis of 08/10/2026.
What is Arcadis's P/E ratio?
Its P/E is 17.3: the share price equals 17.3 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 11.0.
How much is Arcadis worth on the stock market?
Its market capitalisation is 3.4B EUR and its enterprise value, debt included, is 4.5B EUR.
How much debt does Arcadis have?
Its net debt (debt minus cash) is 1.1B EUR. That is 3.08 times its EBITDA; the Industrials median is 1.58.
Does Arcadis pay a dividend?
Yes: its dividend yield is 2.60% and it pays out 45% of its earnings.
How has Arcadis stock performed over the last year?
It has fallen 12.1% over the last year, excluding dividends. Over the last 52 weeks it has traded between 25.88 and 51.25 EUR. Past performance does not guarantee future results.
What do analysts think of Arcadis?
8 analysts cover it; their average recommendation is “Buy” and their average target is 47.06 EUR (+16.7% versus the price). It is an estimate, not market data.