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Arcadis NV
(ARCAD)
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Rating:67Neutral
Price Target:
€46.00
▲(5.50% Upside)
Action:Downgraded
Date:10/24/26
The score is driven primarily by strong cash-flow quality and robust revenue growth, which support the fundamental outlook. The main risk tempering the score is increased leverage and some profitability volatility. Technically, the setup is mixed (negative MACD despite being above longer-term moving averages), while valuation is broadly reasonable with a moderate dividend yield.
Positive Factors
Strong revenue expansion
Revenue expansion of about 31% into 2025 indicates strong demand for Arcadis’ professional services and supports operating-profit growth. If sustained across infrastructure, environmental, buildings, and water work, this scale can strengthen client relationships and improve the platform for future growth.
Negative Factors
Higher financial leverage
The increase in leverage and decline in equity reduce financial flexibility, leaving less balance-sheet capacity for acquisitions, investment, or absorbing weaker project conditions. Higher debt relative to equity also makes cash allocation more constrained if operating performance becomes less resilient.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue expansion
Revenue expansion of about 31% into 2025 indicates strong demand for Arcadis’ professional services and supports operating-profit growth. If sustained across infrastructure, environmental, buildings, and water work, this scale can strengthen client relationships and improve the platform for future growth.
Read all positive factors
Arcadis NV (ARCAD) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€3.63B
Dividend Yield2.46%
Average Volume (3M)156.47K
Price to Earnings (P/E)18.3
Beta (1Y)0.76
Revenue Growth-0.71%
EPS Growth-12.00%
CountryNL
Employees31,361
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)2.33
Shares Outstanding85,866,295
10 Day Avg. Volume95,938
30 Day Avg. Volume156,473
Financial Highlights & Ratios
PEG Ratio-1.11
Price to Book (P/B)3.06
Price to Sales (P/S)0.65
P/FCF Ratio8.58
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€50.00Price Target Upside14.68% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)3.03
Revenue Forecast (FY)€4.22B
Arcadis NV Business Overview & Revenue Model
Company Description
Arcadis N.V. is a global professional services firm specializing in design and advisory services for both constructed environments and natural resources. The company's international operations are structured across key geographical segments: Europ...
How the Company Makes Money
Arcadis primarily makes money by selling professional services on a project and program basis. Its revenues are largely service fees earned from delivering consulting, design/engineering, and project/program management work for clients such as gov...
Arcadis NV Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
58
Neutral
Cash Flow
82
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.90B | 4.88B | 5.00B | 5.00B | 4.03B | 3.38B |
| Gross Profit | 745.00M | 828.00M | 892.00M | 815.00M | 655.55M | 568.67M |
| EBITDA | 469.00M | 498.00M | 545.00M | 482.75M | 344.90M | 353.97M |
| Net Income | 203.00M | 208.00M | 243.00M | 160.00M | 131.52M | 167.88M |
Balance Sheet | ||||||
| Total Assets | 3.84B | 3.63B | 3.90B | 3.78B | 3.84B | 2.74B |
| Cash, Cash Equivalents and Short-Term Investments | 273.00M | 323.50M | 357.00M | 270.00M | 243.15M | 320.60M |
| Total Debt | 1.32B | 1.13B | 1.12B | 1.16B | 1.29B | 518.67M |
| Total Liabilities | 2.79B | 2.59B | 2.67B | 2.72B | 2.85B | 1.71B |
| Stockholders Equity | 1.05B | 1.04B | 1.23B | 1.06B | 995.24M | 1.02B |
Cash Flow | ||||||
| Free Cash Flow | 357.00M | 369.00M | 305.00M | 268.15M | 243.89M | 294.68M |
| Operating Cash Flow | 375.00M | 386.00M | 350.00M | 308.72M | 284.02M | 329.46M |
| Investing Cash Flow | -31.00M | -108.00M | -46.00M | -36.56M | -834.98M | -33.59M |
| Financing Cash Flow | -279.00M | -333.00M | -218.00M | -244.63M | 456.38M | -410.82M |
Arcadis NV Technical Analysis
Positive
43.60
Price Trends
42.46
Positive
39.68
Positive
35.94
Positive
Market Momentum
-0.04
Negative
58.60
Neutral
86.24
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:ARCAD, the sentiment is Positive. The current price of 43.6 is above the 20-day moving average (MA) of 40.96, above the 50-day MA of 42.46, and above the 200-day MA of 35.94, indicating a bullish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 58.60 is Neutral, neither overbought nor oversold. The STOCH value of 86.24 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:ARCAD.
Arcadis NV Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | €3.14B | 12.40 | 24.42% | 2.60% | 7.01% | 87.12% | |
71 Outperform | €2.18B | 15.17 | 26.13% | 2.98% | 11.28% | 28.75% | |
67 Neutral | €3.63B | 18.29 | 19.42% | 2.46% | -0.71% | -12.00% | |
62 Neutral | €5.84B | 7.15 | 20.73% | 2.89% | 0.92% | 151.43% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €372.39M | 47.54 | 2.96% | 0.82% | -6.35% | -48.21% | |
48 Neutral | €849.90M | -13.34 | -4.97% | 1.96% | -10.78% | -145.27% |
* General Sector Average
NL:ARCAD
Arcadis NV
42.62
-6.58
-13.37%
NL:BAMNB
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11.53
3.79
49.02%
NL:BRNL
Brunel International N.V.
7.34
-0.18
-2.45%
NL:FUR
Fugro NV
7.66
-1.52
-16.56%
NL:HEIJM
Heijmans N.V.
79.50
18.63
30.60%
NL:SBMO
SBM Offshore NV
34.90
13.30
61.57%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.