Want to see NL:BAMNB full AI Analyst Report?
Top Page
Koninklijke Bam Groep NV
(BAMNB)
Select Model
Select Model
Rating:69Neutral
Price Target:
€13.00
▲(13.54% Upside)
Action:Reiterated
Date:09/20/26
The score is primarily supported by improving financial performance, especially stronger profitability and robust, growing free cash flow. The main offsets are historical volatility and a step-up in leverage in 2025. Technicals are mildly constructive (price above key moving averages) but momentum signals are mixed, while valuation is reasonable with a mid-teens P/E and a moderate dividend yield.
Positive Factors
Improving Profitability
The marked improvement in net margin shows better recent earnings conversion from project revenue. If maintained, stronger profitability can improve internally funded investment, increase resilience against cost pressure, and support more consistent returns through the next several quarters.
Negative Factors
Rising Leverage
The recent increase in debt relative to equity reduces financial flexibility compared with BAM’s prior deleveraging position. Higher leverage can make the company more sensitive to construction-cycle downturns and constrain its ability to absorb project setbacks or fund new opportunities.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Profitability
The marked improvement in net margin shows better recent earnings conversion from project revenue. If maintained, stronger profitability can improve internally funded investment, increase resilience against cost pressure, and support more consistent returns through the next several quarters.
Read all positive factors
Koninklijke Bam Groep NV (BAMNB) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€3.26B
Dividend Yield2.48%
Average Volume (3M)628.46K
Price to Earnings (P/E)13.0
Beta (1Y)1.03
Revenue Growth7.01%
EPS Growth87.12%
CountryNL
Employees13,500
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.93
Shares Outstanding272,000,000
10 Day Avg. Volume643,353
30 Day Avg. Volume628,456
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)2.53
Price to Sales (P/S)0.34
P/FCF Ratio8.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.99
Revenue Forecast (FY)€7.41B
Koninklijke Bam Groep NV Business Overview & Revenue Model
Company Description
Koninklijke BAM Groep nv, through its numerous subsidiaries, operates on a global scale, delivering a broad spectrum of services across the building and property, civil engineering, and public-private partnership (PPP) sectors. The firm specialize...
How the Company Makes Money
BAM primarily makes money by acting as a contractor and project integrator on construction and infrastructure projects, earning revenue through contract-based project execution. Its main revenue streams generally include: (1) Construction and civi...
Koninklijke Bam Groep NV Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
61
Positive
Cash Flow
79
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.15B | 7.04B | 6.46B | 6.27B | 6.62B | 7.32B |
| Gross Profit | 470.20M | 454.30M | 1.76B | 1.70B | 1.74B | 1.89B |
| EBITDA | 418.90M | 380.80M | 214.40M | 285.37M | 280.38M | 177.17M |
| Net Income | 236.50M | 211.00M | 82.20M | 174.99M | 179.64M | 18.12M |
Balance Sheet | ||||||
| Total Assets | 4.28B | 4.10B | 3.89B | 3.93B | 3.82B | 4.50B |
| Cash, Cash Equivalents and Short-Term Investments | 715.00M | 883.40M | 763.40M | 757.33M | 842.77M | 1.28B |
| Total Debt | 415.00M | 381.75M | 323.20M | 295.79M | 227.31M | 280.82M |
| Total Liabilities | 3.30B | 3.14B | 3.00B | 3.01B | 3.01B | 3.84B |
| Stockholders Equity | 979.00M | 958.00M | 895.50M | 920.50M | 810.59M | 653.59M |
Cash Flow | ||||||
| Free Cash Flow | 498.60M | 281.20M | 171.40M | 21.39M | -290.40M | 250.77M |
| Operating Cash Flow | 547.80M | 344.70M | 256.70M | 105.71M | -195.91M | 320.23M |
| Investing Cash Flow | -105.50M | 4.10M | -107.60M | -91.45M | -163.03M | -165.56M |
| Financing Cash Flow | -221.80M | -197.90M | -172.40M | -108.51M | -93.22M | -662.08M |
Koninklijke Bam Groep NV Technical Analysis
Positive
11.45
Price Trends
11.51
Positive
11.22
Positive
10.08
Positive
Market Momentum
0.07
Negative
62.43
Neutral
89.38
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:BAMNB, the sentiment is Positive. The current price of 11.45 is below the 20-day moving average (MA) of 11.54, below the 50-day MA of 11.51, and above the 200-day MA of 10.08, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 62.43 is Neutral, neither overbought nor oversold. The STOCH value of 89.38 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:BAMNB.
Koninklijke Bam Groep NV Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | €3.66B | 18.61 | 19.42% | 2.42% | -0.71% | -12.00% | |
71 Outperform | €2.45B | 16.43 | 26.13% | 2.75% | 11.28% | 28.75% | |
70 Outperform | €6.64B | 12.81 | ― | 4.90% | 12.95% | -53.58% | |
69 Neutral | €3.26B | 12.99 | 24.42% | 2.48% | 7.01% | 87.12% | |
62 Neutral | €6.06B | 7.60 | 20.73% | 2.77% | 0.92% | 151.43% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | €880.41M | -13.88 | -4.97% | 1.88% | -10.78% | -145.27% |
* General Sector Average
NL:BAMNB
Koninklijke Bam Groep NV
12.08
4.25
54.30%
NL:ARCAD
Arcadis NV
43.36
0.53
1.23%
NL:FUR
Fugro NV
7.97
-1.21
-13.13%
NL:HEIJM
Heijmans N.V.
86.10
28.77
50.19%
NL:SBMO
SBM Offshore NV
36.34
15.07
70.84%
NL:CTPNV
CTP N.V.
13.58
-3.10
-18.59%
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.