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Koninklijke BAM Groep

BATS-CHIXE:BAMNBA
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BAMNBA
BATS-CHIXE
€395M
Market Cap
  1. Home
  2. GB
  3. Capital Goods
Company description

Koninklijke BAM Groep nv, together with its subsidiaries, provides products and services in the construction and property, civil engineering, and public private partnerships (PPP) sectors worldwide. The last earnings update was 42 days ago. More info.


Add to Portfolio Compare Print
  • Koninklijke BAM Groep has significant price volatility in the past 3 months.
BAMNBA Share Price and Events
7 Day Returns
9.5%
BATS-CHIXE:BAMNBA
5.4%
GB Construction
1.7%
GB Market
1 Year Returns
-65.2%
BATS-CHIXE:BAMNBA
-30.5%
GB Construction
-21.8%
GB Market
BAMNBA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Koninklijke BAM Groep (BAMNBA) 9.5% -28.1% -46.7% -65.2% -71.3% -65.5%
GB Construction 5.4% -14.8% -19.7% -30.5% -55.9% -54.8%
GB Market 1.7% -12% -25.3% -21.8% -22.8% -22.4%
1 Year Return vs Industry and Market
  • BAMNBA underperformed the Construction industry which returned -30.5% over the past year.
  • BAMNBA underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -21.8% over the past year.
Price Volatility
BAMNBA
Industry
5yr Volatility vs Market

Value

 Is Koninklijke BAM Groep undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Koninklijke BAM Groep to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Koninklijke BAM Groep.

BATS-CHIXE:BAMNBA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BATS-CHIXE:BAMNBA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 5.4%
Construction Unlevered Beta Simply Wall St/ S&P Global 0.88
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.882 (1 + (1- 25%) (150.08%))
1.586
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.59
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.586 * 5.44%)
9.16%

Discounted Cash Flow Calculation for BATS-CHIXE:BAMNBA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Koninklijke BAM Groep is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BATS-CHIXE:BAMNBA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 9.16%)
2020 1.30 Analyst x1 1.19
2021 90.10 Analyst x1 75.62
2022 71.59 Est @ -20.54% 55.04
2023 61.41 Est @ -14.22% 43.26
2024 55.40 Est @ -9.79% 35.75
2025 51.69 Est @ -6.7% 30.55
2026 49.35 Est @ -4.53% 26.72
2027 47.86 Est @ -3.01% 23.74
2028 46.93 Est @ -1.95% 21.33
2029 46.36 Est @ -1.21% 19.30
Present value of next 10 years cash flows €332.00
BATS-CHIXE:BAMNBA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €46.36 × (1 + 0.53%) ÷ (9.16% – 0.53%)
€540.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €540.25 ÷ (1 + 9.16%)10
€224.95
BATS-CHIXE:BAMNBA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €332.00 + €224.95
€556.95
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €556.95 / 273.30
€2.04
BATS-CHIXE:BAMNBA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:BAMNBA represents 0.98478x of ENXTAM:BAMNB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98478x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 2.04 x 0.98478
€2.01
Value per share (EUR) From above. €2.01
Current discount Discount to share price of €1.42
= -1 x (€1.42 - €2.01) / €2.01
29.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Koninklijke BAM Groep is available for.
Intrinsic value
29%
Share price is €1.42 vs Future cash flow value of €2.01
Current Discount Checks
For Koninklijke BAM Groep to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Koninklijke BAM Groep's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Koninklijke BAM Groep's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Koninklijke BAM Groep's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Koninklijke BAM Groep's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:BAMNBA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.04
ENXTAM:BAMNB Share Price ** ENXTAM (2020-04-08) in EUR €1.45
United Kingdom of Great Britain and Northern Ireland Construction Industry PE Ratio Median Figure of 17 Publicly-Listed Construction Companies 7.79x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 13x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Koninklijke BAM Groep.

BATS-CHIXE:BAMNBA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTAM:BAMNB Share Price ÷ EPS (both in EUR)

= 1.45 ÷ 0.04

33.36x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Koninklijke BAM Groep is overvalued based on earnings compared to the GB Construction industry average.
  • Koninklijke BAM Groep is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Koninklijke BAM Groep's expected growth come at a high price?
Raw Data
BATS-CHIXE:BAMNBA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 33.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
63.2%per year
United Kingdom of Great Britain and Northern Ireland Construction Industry PEG Ratio Median Figure of 9 Publicly-Listed Construction Companies 0.88x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 1.02x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:BAMNBA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 33.36x ÷ 63.2%

0.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Koninklijke BAM Groep is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Koninklijke BAM Groep's assets?
Raw Data
BATS-CHIXE:BAMNBA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €2.30
ENXTAM:BAMNB Share Price * ENXTAM (2020-04-08) in EUR €1.45
United Kingdom of Great Britain and Northern Ireland Construction Industry PB Ratio Median Figure of 19 Publicly-Listed Construction Companies 1.09x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.13x
BATS-CHIXE:BAMNBA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTAM:BAMNB Share Price ÷ Book Value per Share (both in EUR)

= 1.45 ÷ 2.30

0.63x

* Primary Listing of Koninklijke BAM Groep.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Koninklijke BAM Groep is good value based on assets compared to the GB Construction industry average.
X
Value checks
We assess Koninklijke BAM Groep's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. Koninklijke BAM Groep has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Koninklijke BAM Groep expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
63.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Koninklijke BAM Groep expected to grow at an attractive rate?
  • Koninklijke BAM Groep's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Koninklijke BAM Groep's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Koninklijke BAM Groep's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:BAMNBA Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:BAMNBA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 63.2%
BATS-CHIXE:BAMNBA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts -0.2%
United Kingdom of Great Britain and Northern Ireland Construction Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
United Kingdom of Great Britain and Northern Ireland Construction Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.6%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BATS-CHIXE:BAMNBA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:BAMNBA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 7,092 287 118 3
2021-12-31 7,017 87 73 4
2020-12-31 6,825 107 29 3
2020-04-08
BATS-CHIXE:BAMNBA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 7,209 365 12
2019-09-30 7,317 315 -31
2019-06-30 7,425 264 -73
2019-03-31 7,317 236 -25
2018-12-31 7,208 209 24
2018-09-30 6,934 67 11
2018-06-30 6,660 -75 -1
2018-03-31 6,598 -5 -7
2017-12-31 6,535 66 -14
2017-09-30 6,627 69 25
2017-06-30 6,684 73 45
2017-03-31 6,830 70 46

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Koninklijke BAM Groep's earnings are expected to grow significantly at over 20% yearly.
  • Koninklijke BAM Groep's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BATS-CHIXE:BAMNBA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Koninklijke BAM Groep Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:BAMNBA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.43 0.46 0.40 2.00
2021-12-31 0.33 0.34 0.31 2.00
2020-12-31 0.10 0.37 -0.18 2.00
2020-04-08
BATS-CHIXE:BAMNBA Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.04
2019-09-30 -0.11
2019-06-30 -0.27
2019-03-31 -0.09
2018-12-31 0.09
2018-09-30 0.04
2018-06-30 0.00
2018-03-31 -0.03
2017-12-31 -0.05
2017-09-30 0.09
2017-06-30 0.17
2017-03-31 0.17

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Koninklijke BAM Groep is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Koninklijke BAM Groep's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Koninklijke BAM Groep has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Koninklijke BAM Groep performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Koninklijke BAM Groep's growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Koninklijke BAM Groep has delivered over 20% year on year earnings growth in the past 5 years.
  • Koninklijke BAM Groep's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Koninklijke BAM Groep's 1-year earnings growth is negative, it can't be compared to the GB Construction industry average.
Earnings and Revenue History
Koninklijke BAM Groep's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Koninklijke BAM Groep Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:BAMNBA Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 7,209.09 11.85 1,386.95
2019-09-30 7,317.17 -30.54 1,355.17
2019-06-30 7,425.25 -72.93 1,323.39
2019-03-31 7,316.50 -24.58 1,323.39
2018-12-31 7,207.75 23.77 1,323.39
2018-09-30 6,934.02 11.49 1,298.42
2018-06-30 6,660.29 -0.79 1,273.46
2018-03-31 6,597.69 -7.29 1,273.46
2017-12-31 6,535.09 -13.79 1,273.46
2017-09-30 6,626.95 24.58 1,281.49
2017-06-30 6,683.59 45.23 1,289.52
2017-03-31 6,829.84 46.03 1,289.52
2016-12-31 6,976.09 46.83 1,289.52
2016-09-30 7,144.37 42.61 1,314.64
2016-06-30 7,312.64 38.38 1,339.75
2016-03-31 7,367.79 24.28 1,339.75
2015-12-31 7,422.94 10.18 1,339.75
2015-09-30 7,434.73 -43.35 1,389.96
2015-06-30 7,446.52 -96.87 1,440.16
2015-03-31 7,380.27 -102.52 1,440.16
2014-12-31 7,314.02 -108.17 1,440.16
2014-06-30 7,191.60 14.83 1,412.45
2014-03-31 7,116.60 26.23 1,412.45
2013-12-31 7,041.60 37.63 1,412.45
2013-06-30 7,098.38 81.56 1,478.80

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Koninklijke BAM Groep has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Koninklijke BAM Groep used its assets less efficiently than the GB Construction industry average last year based on Return on Assets.
  • Koninklijke BAM Groep's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Koninklijke BAM Groep's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Koninklijke BAM Groep has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Koninklijke BAM Groep's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Koninklijke BAM Groep's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Koninklijke BAM Groep's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Koninklijke BAM Groep's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Koninklijke BAM Groep's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 10.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Koninklijke BAM Groep Company Filings, last reported 3 months ago.

BATS-CHIXE:BAMNBA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 633.91 281.09 854.63
2019-09-30 633.91 281.09 854.63
2019-06-30 554.50 287.30 448.60
2019-03-31 554.50 287.30 448.60
2018-12-31 734.89 327.47 744.29
2018-09-30 734.89 327.47 744.29
2018-06-30 756.80 345.80 433.80
2018-03-31 756.80 345.80 433.80
2017-12-31 726.81 505.05 697.83
2017-09-30 857.77 490.10 697.83
2017-06-30 866.50 612.90 603.00
2017-03-31 866.50 612.90 603.00
2016-12-31 839.31 604.84 740.06
2016-09-30 839.31 604.84 740.06
2016-06-30 844.80 579.20 603.70
2016-03-31 844.80 579.20 603.70
2015-12-31 905.79 582.87 645.21
2015-09-30 905.79 582.87 645.21
2015-06-30 903.80 755.80 457.90
2015-03-31 903.80 755.80 457.90
2014-12-31 830.72 641.81 632.45
2014-06-30 933.10 886.00 318.40
2014-03-31 933.10 886.00 318.40
2013-12-31 932.66 888.33 559.66
2013-06-30 782.70 1,037.20 353.10
  • Koninklijke BAM Groep's level of debt (44.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (77.3% vs 44.3% today).
  • Debt is well covered by operating cash flow (130%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.5x coverage).
X
Financial health checks
We assess Koninklijke BAM Groep's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Koninklijke BAM Groep has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Koninklijke BAM Groep's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.38%
Current annual income from Koninklijke BAM Groep dividends. Estimated to be 6.14% next year.
If you bought €2,000 of Koninklijke BAM Groep shares you are expected to receive €28 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Koninklijke BAM Groep's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.51%).
  • Koninklijke BAM Groep's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (6.87%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BATS-CHIXE:BAMNBA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Construction Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 5.4%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 588 Stocks 5.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.5%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 6.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BATS-CHIXE:BAMNBA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.10 3.00
2021-12-31 0.10 3.00
2020-12-31 0.06 2.00
2020-04-08
BATS-CHIXE:BAMNBA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-02-26 0.020 1.287
2020-02-21 0.020 0.794
2019-02-27 0.140 4.741
2019-02-20 0.140 4.011
2018-03-01 0.100 3.030
2018-02-21 0.100 2.770
2017-02-28 0.090 1.946
2017-02-21 0.090 1.840
2016-03-14 0.020 0.495
2016-02-18 0.020 0.481
2015-08-20 0.000 0.000
2015-02-25 0.000 0.000
2015-02-19 0.000 0.000
2014-03-06 0.050 1.902
2014-02-20 0.050 1.174
2013-03-11 0.100 2.680
2012-03-13 0.160 6.022
2012-03-08 0.160 4.194
2011-03-03 0.030 0.842
2011-03-02 0.030 0.608
2010-03-04 0.100 2.181
2009-12-31 0.100 1.462

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Koninklijke BAM Groep's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).
X
Income/ dividend checks
We assess Koninklijke BAM Groep's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Koninklijke BAM Groep afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Koninklijke BAM Groep has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Koninklijke BAM Groep's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rob Van Wingerden
COMPENSATION €1,209,000
AGE 58
TENURE AS CEO 5.5 years
CEO Bio

Mr. R.P. Van Wingerden, also known as Rob, MBA, has been the Chief Executive Officer and Chairman of the Executive Board at Koninklijke BAM Groep NV since October 1, 2014 and has been its Member of Executive Board May 7, 2007. Mr. Van Wingerden joined Koninklijke Group as a Project Surveyor in 1988 and worked in a variety of (project) management roles for operating companies in the Netherlands and elsewhere. Mr. Van Wingerden served as a Director of HBG Bouw en Vastgoed in 2000 and also served as a Director at BAM Utiliteitsbouw since 2002, of the Board at BAM Woningbouw in 2005. Mr. Van Wingerden graduated as a Civil Engineer from the Technical University of Delft in 1988.

CEO Compensation
  • Rob's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Rob's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Koninklijke BAM Groep management team in years:

3.3
Average Tenure
45
Average Age
  • The tenure for the Koninklijke BAM Groep management team is about average.
Management Team

Rob Van Wingerden

TITLE
Chairman of the Executive Board & CEO
COMPENSATION
€1M
AGE
58
TENURE
5.5 yrs

Frans den Houter

TITLE
CFO & Member of Executive Board
COMPENSATION
€675K
AGE
45
TENURE
1.7 yrs

S. Capper

TITLE
Chief Information Officer

Joost van Galen

TITLE
Head of Investor Relations

S. H. A. Beckers

TITLE
General Counsel & Company Secretary

Walter Swinkels

TITLE
Director of Governance
AGE
44
TENURE
3.3 yrs

Sven J. van de Wynkele

TITLE
Chief HR Officer

Arno Pronk

TITLE
Head of Public Relations

G. Maas

TITLE
Head of Strategy

H. Bree

TITLE
Head of Property Investments
Board of Directors Tenure

Average tenure and age of the Koninklijke BAM Groep board of directors in years:

3
Average Tenure
60
Average Age
  • The tenure for the Koninklijke BAM Groep board of directors is about average.
Board of Directors

Harrie Noy

TITLE
Chairman of the Supervisory Board
AGE
68
TENURE
3.3 yrs

Gosse Boon

TITLE
Vice Chairman of the Supervisory Board
AGE
60
TENURE
1.3 yrs

Carla Mahieu

TITLE
Member of Supervisory Board
AGE
60
TENURE
9 yrs

Helle Valentin

TITLE
Member of Supervisory Board
AGE
52
TENURE
3 yrs

Paul Sheffield

TITLE
Member of Supervisory Board
AGE
58
TENURE
2.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Koninklijke BAM Groep individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
21. Feb 20 Buy R. Van Wingerden Individual 21. Feb 20 21. Feb 20 10,000 €2.44 €24,400
X
Management checks
We assess Koninklijke BAM Groep's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Koninklijke BAM Groep has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Koninklijke BAM Groep nv, together with its subsidiaries, provides products and services in the construction and property, civil engineering, and public private partnerships (PPP) sectors worldwide. The company designs, develops, constructs, and maintains public, residential and non-residential, infrastructure, turn-key construction, and civil architecture and industrial construction projects; and provides project development, design, and engineering services, as well as rail infrastructure, facilities management, and property development services. It also undertakes various civil and marine engineering projects; and operates PPP in road, rail, education, health care, judicial, and general projects. The company was founded in 1869 and is headquartered in Bunnik, the Netherlands.

Details
Name: Koninklijke BAM Groep nv
BAMNBA
Exchange: BATS-CHIXE
Founded: 1869
€394,912,744
273,296,017
Website: http://www.bam.com
Address: Koninklijke BAM Groep nv
Runnenburg 9,
Bunnik,
Utrecht, 3981 AZ,
Netherlands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTAM BAMNB Ordinary Shares Euronext Amsterdam NL EUR 02. Jan 1992
OTCPK KBAG.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB BGPA Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0LNQ Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE BAMNBA Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
19,517
Koninklijke BAM Groep employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 21:14
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.