(HEIJM) Koninklijke Heijmans - Overview
Exchange: AS •
Country: Netherlands •
Currency: EUR •
Type: Common Stock •
ISIN: NL0009269109
Stock: Residential Property, Infrastructure, Construction, Renovation, Public Space
Total Rating 73
Risk 73
Buy Signal 0.61
Dividends
| Dividend Yield | 4.26% |
| Yield on Cost 5y | 19.66% |
| Yield CAGR 5y | 22.43% |
| Payout Consistency | 64.4% |
| Payout Ratio | 76.3% |
| Risk 5d forecast | |
|---|---|
| Volatility | 38.1% |
| Relative Tail Risk | -13.7% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.21 |
| Alpha | 122.10 |
| Character TTM | |
|---|---|
| Beta | 0.288 |
| Beta Downside | 0.493 |
| Drawdowns 3y | |
|---|---|
| Max DD | 19.40% |
| CAGR/Max DD | 4.62 |
Description: HEIJM Koninklijke Heijmans January 16, 2026
Koninklijke Heijmans N.V. (HEIJM) is a Dutch-based integrated contractor that develops, builds, renovates and maintains residential, commercial and infrastructure assets across the Netherlands and selected international markets. Its activities span urban and out-of-town residential development, large-scale construction for health-care, government and high-tech clean-industry clients, as well as road, public-space and utility infrastructure projects.
Key metrics from the most recent fiscal year show revenue of roughly €5.5 billion, an order backlog of about €2.2 billion, and an adjusted EBIT margin near 6 %. The company’s earnings are highly sensitive to Dutch government capital-expenditure plans-particularly the “Infrastructure Investment Programme” targeting 1 % of GDP annually-and to the persistent housing shortage that fuels demand for new and refurbished dwellings. Heijmans is also expanding its clean-tech construction franchise, positioning itself to capture growth in renewable-energy facilities and energy-efficient building retrofits.
For a deeper, data-driven view of Heijmans’ valuation dynamics, you may find ValueRay’s analytical platform worth a quick look.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income: 190.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.24 > 0.02 and ΔFCF/TA 19.64 > 1.0 |
| NWC/Revenue: 0.97% < 20% (prev 4.88%; Δ -3.91% < -1%) |
| CFO/TA 0.28 > 3% & CFO 404.8m > Net Income 190.7m |
| Net Debt (40.0m) to EBITDA (323.1m): 0.12 < 3 |
| Current Ratio: 1.06 > 1.5 & < 3 |
| Outstanding Shares: last quarter (27.4m) vs 12m ago 17.39% < -2% |
| Gross Margin: 14.09% > 18% (prev 0.13%; Δ 1396 % > 0.5%) |
| Asset Turnover: 400.4% > 50% (prev 177.0%; Δ 223.3% > 0%) |
| Interest Coverage Ratio: 24.71 > 6 (EBITDA TTM 323.1m / Interest Expense TTM 9.91m) |
Altman Z'' 2.17
| A: 0.03 (Total Current Assets 869.0m - Total Current Liabilities 820.0m) / Total Assets 1.47b |
| B: 0.15 (Retained Earnings 219.0m / Total Assets 1.47b) |
| C: 0.19 (EBIT TTM 245.0m / Avg Total Assets 1.27b) |
| D: 0.16 (Book Value of Equity 162.0m / Total Liabilities 995.0m) |
| Altman-Z'' Score: 2.17 = BBB |
Beneish M -2.20
| DSRI: 0.50 (Receivables 276.0m/204.0m, Revenue 5.07b/1.89b) |
| GMI: 0.94 (GM 14.09% / 13.28%) |
| AQI: 1.38 (AQ_t 0.25 / AQ_t-1 0.18) |
| SGI: 2.69 (Revenue 5.07b / 1.89b) |
| TATA: -0.15 (NI 190.7m - CFO 404.8m) / TA 1.47b) |
| Beneish M-Score: -2.20 (Cap -4..+1) = BB |
What is the price of HEIJM shares?
As of February 08, 2026, the stock is trading at EUR 70.10 with a total of 37,286 shares traded.
Over the past week, the price has changed by +2.04%, over one month by -0.28%, over three months by +26.31% and over the past year by +129.53%.
Over the past week, the price has changed by +2.04%, over one month by -0.28%, over three months by +26.31% and over the past year by +129.53%.
Is HEIJM a buy, sell or hold?
Koninklijke Heijmans has no consensus analysts rating.
What are the forecasts/targets for the HEIJM price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 63.4 | -9.6% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 118.1 | 68.4% |
HEIJM Fundamental Data Overview February 03, 2026
Market Cap USD = 2.28b (1.93b EUR * 1.1801 EUR.USD)
P/E Trailing = 17.2604
P/E Forward = 12.6263
P/S = 0.721
P/B = 3.9655
Revenue TTM = 5.07b EUR
EBIT TTM = 245.0m EUR
EBITDA TTM = 323.1m EUR
Long Term Debt = 9.00m EUR (from longTermDebt, last quarter)
Short Term Debt = 34.0m EUR (from shortTermDebt, last quarter)
Debt = 118.0m EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 40.0m EUR (from netDebt column, last quarter)
Enterprise Value = 1.97b EUR (1.93b + Debt 118.0m - CCE 78.0m)
Interest Coverage Ratio = 24.71 (Ebit TTM 245.0m / Interest Expense TTM 9.91m)
EV/FCF = 5.49x (Enterprise Value 1.97b / FCF TTM 358.8m)
FCF Yield = 18.21% (FCF TTM 358.8m / Enterprise Value 1.97b)
FCF Margin = 7.07% (FCF TTM 358.8m / Revenue TTM 5.07b)
Net Margin = 3.76% (Net Income TTM 190.7m / Revenue TTM 5.07b)
Gross Margin = 14.09% ((Revenue TTM 5.07b - Cost of Revenue TTM 4.36b) / Revenue TTM)
Gross Margin QoQ = 16.26% (prev 12.24%)
Tobins Q-Ratio = 1.34 (Enterprise Value 1.97b / Total Assets 1.47b)
Interest Expense / Debt = 0.85% (Interest Expense 1.00m / Debt 118.0m)
Taxrate = 27.16% (22.0m / 81.0m)
NOPAT = 178.4m (EBIT 245.0m * (1 - 27.16%))
Current Ratio = 1.06 (Total Current Assets 869.0m / Total Current Liabilities 820.0m)
Debt / Equity = 0.25 (Debt 118.0m / totalStockholderEquity, last quarter 475.0m)
Debt / EBITDA = 0.12 (Net Debt 40.0m / EBITDA 323.1m)
Debt / FCF = 0.11 (Net Debt 40.0m / FCF TTM 358.8m)
Total Stockholder Equity = 432.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 15.05% (Net Income 190.7m / Total Assets 1.47b)
RoE = 44.06% (Net Income TTM 190.7m / Total Stockholder Equity 432.9m)
RoCE = 55.44% (EBIT 245.0m / Capital Employed (Equity 432.9m + L.T.Debt 9.00m))
RoIC = 38.02% (NOPAT 178.4m / Invested Capital 469.3m)
WACC = 6.61% (E(1.93b)/V(2.05b) * Re(6.98%) + D(118.0m)/V(2.05b) * Rd(0.85%) * (1-Tc(0.27)))
Discount Rate = 6.98% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 33.33 | Cagr: 3.39%
[DCF Debug] Terminal Value 77.00% ; FCFF base≈235.6m ; Y1≈154.7m ; Y5≈70.6m
Fair Price DCF = 65.64 (EV 1.84b - Net Debt 40.0m = Equity 1.80b / Shares 27.5m; r=6.61% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: 10.24 | EPS CAGR: 53.60% | SUE: 4.0 | # QB: 1
Revenue Correlation: 84.78 | Revenue CAGR: 17.72% | SUE: 2.47 | # QB: 1
EPS next Year (2026-12-31): EPS=6.32 | Chg30d=+0.170 | Revisions Net=+2 | Growth EPS=+17.9% | Growth Revenue=+7.4%
P/E Trailing = 17.2604
P/E Forward = 12.6263
P/S = 0.721
P/B = 3.9655
Revenue TTM = 5.07b EUR
EBIT TTM = 245.0m EUR
EBITDA TTM = 323.1m EUR
Long Term Debt = 9.00m EUR (from longTermDebt, last quarter)
Short Term Debt = 34.0m EUR (from shortTermDebt, last quarter)
Debt = 118.0m EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 40.0m EUR (from netDebt column, last quarter)
Enterprise Value = 1.97b EUR (1.93b + Debt 118.0m - CCE 78.0m)
Interest Coverage Ratio = 24.71 (Ebit TTM 245.0m / Interest Expense TTM 9.91m)
EV/FCF = 5.49x (Enterprise Value 1.97b / FCF TTM 358.8m)
FCF Yield = 18.21% (FCF TTM 358.8m / Enterprise Value 1.97b)
FCF Margin = 7.07% (FCF TTM 358.8m / Revenue TTM 5.07b)
Net Margin = 3.76% (Net Income TTM 190.7m / Revenue TTM 5.07b)
Gross Margin = 14.09% ((Revenue TTM 5.07b - Cost of Revenue TTM 4.36b) / Revenue TTM)
Gross Margin QoQ = 16.26% (prev 12.24%)
Tobins Q-Ratio = 1.34 (Enterprise Value 1.97b / Total Assets 1.47b)
Interest Expense / Debt = 0.85% (Interest Expense 1.00m / Debt 118.0m)
Taxrate = 27.16% (22.0m / 81.0m)
NOPAT = 178.4m (EBIT 245.0m * (1 - 27.16%))
Current Ratio = 1.06 (Total Current Assets 869.0m / Total Current Liabilities 820.0m)
Debt / Equity = 0.25 (Debt 118.0m / totalStockholderEquity, last quarter 475.0m)
Debt / EBITDA = 0.12 (Net Debt 40.0m / EBITDA 323.1m)
Debt / FCF = 0.11 (Net Debt 40.0m / FCF TTM 358.8m)
Total Stockholder Equity = 432.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 15.05% (Net Income 190.7m / Total Assets 1.47b)
RoE = 44.06% (Net Income TTM 190.7m / Total Stockholder Equity 432.9m)
RoCE = 55.44% (EBIT 245.0m / Capital Employed (Equity 432.9m + L.T.Debt 9.00m))
RoIC = 38.02% (NOPAT 178.4m / Invested Capital 469.3m)
WACC = 6.61% (E(1.93b)/V(2.05b) * Re(6.98%) + D(118.0m)/V(2.05b) * Rd(0.85%) * (1-Tc(0.27)))
Discount Rate = 6.98% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 33.33 | Cagr: 3.39%
[DCF Debug] Terminal Value 77.00% ; FCFF base≈235.6m ; Y1≈154.7m ; Y5≈70.6m
Fair Price DCF = 65.64 (EV 1.84b - Net Debt 40.0m = Equity 1.80b / Shares 27.5m; r=6.61% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: 10.24 | EPS CAGR: 53.60% | SUE: 4.0 | # QB: 1
Revenue Correlation: 84.78 | Revenue CAGR: 17.72% | SUE: 2.47 | # QB: 1
EPS next Year (2026-12-31): EPS=6.32 | Chg30d=+0.170 | Revisions Net=+2 | Growth EPS=+17.9% | Growth Revenue=+7.4%