DEME Group DEME.BR
BelgiumIndustrials · Engineering & ConstructionEuronext Bruselas · EUR
218.89 EUR (+30.6%)
7 analysts
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DEME Group is a Belgian engineering and construction company specialized in dredging, marine engineering, and offshore construction, including offshore wind energy installations and coastal infrastructure.
Listed on Euronext Bruselas · Symbol DEME.BR · EBR: DEME · Currency EUR
Key points
from its scores- ✓Good share-price trend8.8
- ✓Attractive valuation8.1
- !Average business quality5.4
AI analysis
bottom line, main risk, context and newsThe solid financial position and attractive valuation offer a good risk/reward profile, but free cash flow conversion and dependence on government contracts require monitoring.
DEME Group shows solid financial health with very low net debt (ND/EBITDA of 0.33) and an attractive valuation (P/E of 11.05, EV/EBITDA of 5.37). Earnings growth of 20.40% and momentum of 45.33% reinforce a positive outlook, although free cash flow conversion (26.58%) is a weak point to watch.
The main risk is dependence on the award of large infrastructure and dredging contracts, often linked to government budgets and public investment cycles, which can generate volatility in revenues and free cash flow conversion.
Context and risks
DEME Group operates in dredging and offshore construction, sectors with long-term government and infrastructure contracts. Its domicile in Belgium presents a moderate governance risk, and its business is exposed to the evolution of public budgets and environmental regulation of marine projects, factors that can affect the award and profitability of its contracts.
Is DEME Group stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 60% below the Industrials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 11.0 | 25.4 | −57% |
| EV / EBITDA | 5.4 | 14.5 | −63% |
| Price / book | 1.7 | 4.1 | −58% |
| Price / sales | 1.0 | 2.1 | −51% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 8.1 out of 10 (median for Industrials: 5.0).
Average analyst target: 218.89 EUR, +30.6% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 6.7 (sector 6.4), Growth 6.0 (sector 6.6).
Classic formulas with standard assumptions (0.0% 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
- 11.0
- Forward P/E
- 12.0
- EV / EBITDA
- 5.4
- Price / book
- 1.7
- Price / sales
- 1.0
- PEG
- 0.59
- Market cap
- 4.2B EUR
- Enterprise value
- 4.6B EUR
Profitability
- ROE
- 16.3%
- ROA
- 4.6%
- ROIC (approx.)
- 12.2%
- Gross margin
- 39.2%
- Operating margin
- 10.5%
- Net margin
- 9.1%
- Free cash flow
- 226.2M EUR
- FCF yield
- 5.4%
- Cash conversion
- 27%
Solvency
- Total debt
- 1.1B EUR
- Net debt
- 284.0M EUR
- Cash
- 851.9M EUR
- EBITDA
- 851.0M EUR
- Net debt / EBITDA
- 0.33
- Debt / equity
- 44.99
- Current ratio
- 0.90
- Quick ratio
- 0.85
Growth
- Revenue growth
- +1.9%
- Earnings growth
- +20.4%
- EPS (TTM)
- 15.17 EUR
- EPS (forward)
- 13.99 EUR
Dividend
- Dividend yield
- 2.7%
- Payout
- 29.7%
Risk and market
- Beta
- 0.82
- Analyst consensus
- Buy (7)
- Target price
- 218.89 EUR
- 52-week range
- 123.40 – 206.25
Recent news
All DEME.BR news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about DEME Group
Is DEME Group stock cheap or expensive?
On P/E and EV / EBITDA, it trades 60% below the Industrials median on average. Valuation score: 8.1 out of 10 (median for Industrials: 5.0). Average analyst target: 218.89 EUR, +30.6% versus the price. This is not investment advice.
What score does DEME Group get on MeridIAn Screener?
It scores 6.8 out of 10, rank 314 of 2,130 (better than 83% of the companies analysed). Its strongest category is Momentum (8.8) and its weakest, Quality / Moat (5.4). Analysis of 08/10/2026.
What is DEME Group's P/E ratio?
Its P/E is 11.0: the share price equals 11.0 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 12.0.
How much is DEME Group worth on the stock market?
Its market capitalisation is 4.2B EUR and its enterprise value, debt included, is 4.6B EUR.
How much debt does DEME Group have?
Its net debt (debt minus cash) is 284.0M EUR. That is 0.33 times its EBITDA; the Industrials median is 1.58.
Does DEME Group pay a dividend?
Yes: its dividend yield is 2.68% and it pays out 30% of its earnings.
How has DEME Group stock performed over the last year?
It has risen 34.1% over the last year, excluding dividends. Over the last 52 weeks it has traded between 123.40 and 206.25 EUR. Past performance does not guarantee future results.
What do analysts think of DEME Group?
7 analysts cover it; their average recommendation is “Buy” and their average target is 218.89 EUR (+30.6% versus the price). It is an estimate, not market data.