Koninklijke BAM Groep BAMNB.AS
NetherlandsIndustrials · Engineering & ConstructionEuronext Ámsterdam · EUR
14.10 EUR (+22.0%)
4 analysts
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Koninklijke BAM Groep is a Dutch construction and engineering company offering design, construction and project management services for infrastructure, buildings and public works, mainly in Europe.
Listed on Euronext Ámsterdam · Symbol BAMNB.AS · AMS: BAMNB · Currency EUR
Key points
from its scores- ✓Good share-price trend8.5
- ✓Attractive valuation8.3
- ✓Favourable backdrop7.8
AI analysis
bottom line, main risk, context and newsHold or buy on dips, given the solid balance sheet, attractive valuation and good momentum, while watching the operating margin and the construction sector's evolution.
BAM shows solid financial health with net cash (ND/EBITDA -0.90), an attractive valuation (P/E 12.7, FCF yield 13.47%) and strong earnings growth (28.9%), although its operating margin is low (3.86%). Momentum is very positive (39.95% over 12 months).
The main risk is the low operating profitability (3.86% margin) in a cyclical and competitive sector, which could be pressured by inflation in material and energy costs, as well as potential litigation or cost overruns in construction projects.
Context and risks
BAM operates in the Netherlands, a country with solid governance, but its construction and engineering business is exposed to typical sector regulatory and litigation risks, as well as to energy price developments in Europe, which affect its material and subcontracting costs. Exposure to public infrastructure projects also implies dependence on government investment and local regulatory frameworks.
Is Koninklijke BAM Groep stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 47% below the Industrials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 12.7 | 25.4 | −50% |
| EV / EBITDA | 8.1 | 14.5 | −44% |
| Price / book | 3.1 | 4.1 | −25% |
| Price / sales | 0.4 | 2.1 | −80% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 8.3 out of 10 (median for Industrials: 5.0).
Average analyst target: 14.10 EUR, +22.0% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 6.7 (sector 6.4), Growth 6.6 (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
- 12.7
- Forward P/E
- 10.8
- EV / EBITDA
- 8.1
- Price / book
- 3.1
- Price / sales
- 0.4
- PEG
- 11.11
- Market cap
- 3.0B EUR
- Enterprise value
- 2.7B EUR
Profitability
- ROE
- 25.3%
- ROA
- 4.0%
- ROIC (approx.)
- 19.8%
- Gross margin
- 28.2%
- Operating margin
- 3.9%
- Net margin
- 3.3%
- Free cash flow
- 404.4M EUR
- FCF yield
- 13.5%
- Cash conversion
- 121%
Solvency
- Total debt
- 415.0M EUR
- Net debt
- −300.0M EUR
- Cash
- 715.0M EUR
- EBITDA
- 333.1M EUR
- Net debt / EBITDA
- −0.90
- Debt / equity
- 42.39
- Current ratio
- 0.97
- Quick ratio
- 0.76
Growth
- Revenue growth
- +3.4%
- Earnings growth
- +28.9%
- EPS (TTM)
- 0.91 EUR
- EPS (forward)
- 1.07 EUR
Dividend
- Dividend yield
- 2.6%
- Payout
- 33.0%
Risk and market
- Beta
- 0.62
- Analyst consensus
- Strong buy (4)
- Target price
- 14.10 EUR
- 52-week range
- 7.11 – 13.13
Recent news
All BAMNB.AS news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about Koninklijke BAM Groep
Is Koninklijke BAM Groep stock cheap or expensive?
On P/E and EV / EBITDA, it trades 47% below the Industrials median on average. Valuation score: 8.3 out of 10 (median for Industrials: 5.0). Average analyst target: 14.10 EUR, +22.0% versus the price. This is not investment advice.
What score does Koninklijke BAM Groep get on MeridIAn Screener?
It scores 7.5 out of 10, rank 43 of 2,130 (better than 97% of the companies analysed). Its strongest category is Momentum (8.5) and its weakest, Growth (6.6). Analysis of 08/10/2026.
What is Koninklijke BAM Groep's P/E ratio?
Its P/E is 12.7: the share price equals 12.7 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 10.8.
How much is Koninklijke BAM Groep worth on the stock market?
Its market capitalisation is 3.0B EUR and its enterprise value, debt included, is 2.7B EUR.
How much debt does Koninklijke BAM Groep have?
It has more cash than debt: net cash of 300.0M EUR.
Does Koninklijke BAM Groep pay a dividend?
Yes: its dividend yield is 2.60% and it pays out 33% of its earnings.
How has Koninklijke BAM Groep stock performed over the last year?
It has risen 42.5% over the last year, excluding dividends. Over the last 52 weeks it has traded between 7.11 and 13.13 EUR. Past performance does not guarantee future results.
What do analysts think of Koninklijke BAM Groep?
4 analysts cover it; their average recommendation is “Strong buy” and their average target is 14.10 EUR (+22.0% versus the price). It is an estimate, not market data.