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Royal Boskalis Westminster

BATS-CHIXE:BOKAA
Snowflake Description

Adequate balance sheet and fair value.

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

Royal Boskalis Westminster N.V. provides dredging, offshore energy, and maritime services worldwide. The last earnings update was 35 days ago. More info.


Add to Portfolio Compare Print
  • Royal Boskalis Westminster has significant price volatility in the past 3 months.
BOKAA Share Price and Events
7 Day Returns
3.9%
BATS-CHIXE:BOKAA
7.1%
GB Construction
5.3%
GB Market
1 Year Returns
-28%
BATS-CHIXE:BOKAA
-30.4%
GB Construction
-21.5%
GB Market
BOKAA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Royal Boskalis Westminster (BOKAA) 3.9% -17.1% -27.1% -28% -48.5% -64.4%
GB Construction 7.1% -11.5% -19.6% -30.4% -55.5% -54.4%
GB Market 5.3% -6.5% -25.2% -21.5% -22.4% -21.9%
1 Year Return vs Industry and Market
  • BOKAA outperformed the Construction industry which returned -30.4% over the past year.
  • BOKAA underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -21.5% over the past year.
Price Volatility
BOKAA
Industry
5yr Volatility vs Market
Related Companies

BOKAA Value

 Is Royal Boskalis Westminster 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 Royal Boskalis Westminster 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 Royal Boskalis Westminster.

BATS-CHIXE:BOKAA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.1%
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:BOKAA
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 0.89
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.889 (1 + (1- 25%) (21.15%))
1.02
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.02 * 5.44%)
6.08%

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

The calculations below outline how an intrinsic value for Royal Boskalis Westminster 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:BOKAA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.08%)
2020 -161.50 Analyst x2 -152.24
2021 116.90 Analyst x2 103.88
2022 203.00 Analyst x1 170.06
2023 273.74 Est @ 34.85% 216.17
2024 340.94 Est @ 24.55% 253.81
2025 400.08 Est @ 17.34% 280.77
2026 449.29 Est @ 12.3% 297.23
2027 488.69 Est @ 8.77% 304.77
2028 519.46 Est @ 6.3% 305.39
2029 543.19 Est @ 4.57% 301.04
Present value of next 10 years cash flows €2,080.00
BATS-CHIXE:BOKAA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €543.19 × (1 + 0.53%) ÷ (6.08% – 0.53%)
€9,839.22
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €9,839.22 ÷ (1 + 6.08%)10
€5,452.94
BATS-CHIXE:BOKAA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €2,080.00 + €5,452.94
€7,532.94
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €7,532.94 / 131.73
€57.19
BATS-CHIXE:BOKAA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:BOKAA represents 0.97949x of ENXTAM:BOKA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.97949x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 57.19 x 0.97949
€56.01
Value per share (EUR) From above. €56.01
Current discount Discount to share price of €16.96
= -1 x (€16.96 - €56.01) / €56.01
69.7%

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

Current Discount
Amount off the current price Royal Boskalis Westminster is available for.
Intrinsic value
>50%
Share price is €16.96 vs Future cash flow value of €56.01
Current Discount Checks
For Royal Boskalis Westminster to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Royal Boskalis Westminster's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Royal Boskalis Westminster's share price is below the future cash flow value, and 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 Royal Boskalis Westminster's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Royal Boskalis Westminster's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:BOKAA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.56
ENXTAM:BOKA Share Price ** ENXTAM (2020-04-08) in EUR €17.31
United Kingdom of Great Britain and Northern Ireland Construction Industry PE Ratio Median Figure of 17 Publicly-Listed Construction Companies 7.77x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 747 Publicly-Listed Companies 13.27x

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

** Primary Listing of Royal Boskalis Westminster.

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

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

= 17.31 ÷ 0.56

30.8x

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

  • Royal Boskalis Westminster is overvalued based on earnings compared to the GB Construction industry average.
  • Royal Boskalis Westminster is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Royal Boskalis Westminster's expected growth come at a high price?
Raw Data
BATS-CHIXE:BOKAA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 30.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
26.2%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 513 Publicly-Listed Companies 1.03x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 30.8x ÷ 26.2%

1.17x

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

  • Royal Boskalis Westminster is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Royal Boskalis Westminster's assets?
Raw Data
BATS-CHIXE:BOKAA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €18.91
ENXTAM:BOKA Share Price * ENXTAM (2020-04-08) in EUR €17.31
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 1,322 Publicly-Listed Companies 1.13x
BATS-CHIXE:BOKAA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 17.31 ÷ 18.91

0.92x

* Primary Listing of Royal Boskalis Westminster.

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

  • Royal Boskalis Westminster is good value based on assets compared to the GB Construction industry average.
X
Value checks
We assess Royal Boskalis Westminster'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. Royal Boskalis Westminster 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.

BOKAA Future Performance

 How is Royal Boskalis Westminster expected to perform in the next 1 to 3 years based on estimates from 5 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
26.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Royal Boskalis Westminster expected to grow at an attractive rate?
  • Royal Boskalis Westminster's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Royal Boskalis Westminster's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Royal Boskalis Westminster's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:BOKAA Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:BOKAA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 26.2%
BATS-CHIXE:BOKAA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 0.7%
United Kingdom of Great Britain and Northern Ireland Construction Industry Earnings Growth Rate Market Cap Weighted Average 16%
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 15.4%
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:BOKAA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 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:BOKAA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 2,670 1
2023-12-31 2,617 1
2022-12-31 2,668 373 100 3
2021-12-31 2,655 408 64 5
2020-12-31 2,304 204 2 3
2020-04-09
BATS-CHIXE:BOKAA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 2,692 328 75
2019-09-30 2,686 257 1
2019-06-30 2,680 186 -73
2019-03-31 2,625 211 -255
2018-12-31 2,570 236 -436
2018-09-30 2,492 -361
2018-06-30 2,414 16 -286
2018-03-31 2,378 6 -68
2017-12-31 2,343 -3 150
2017-09-30 2,429 151 -243
2017-06-30 2,519 305 -636
2017-03-31 2,558 359 -600

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Royal Boskalis Westminster's earnings are expected to grow significantly at over 20% yearly.
  • Royal Boskalis Westminster's revenue is expected to grow by 0.7% yearly, however this is not considered high growth (20% yearly).
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:BOKAA 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 5 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:BOKAA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.78 0.97 0.58 2.00
2021-12-31 0.69 1.10 0.46 3.00
2020-12-31 0.02 0.40 -0.25 3.00
2020-04-09
BATS-CHIXE:BOKAA Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.56
2019-09-30 0.01
2019-06-30 -0.55
2019-03-31 -1.91
2018-12-31 -3.29
2018-09-30 -2.74
2018-06-30 -2.18
2018-03-31 -0.52
2017-12-31 1.15
2017-09-30 -1.86
2017-06-30 -4.88
2017-03-31 -4.64

*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.
  • Royal Boskalis Westminster is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Royal Boskalis Westminster'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.
Royal Boskalis Westminster 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.

BOKAA Past Performance

  How has Royal Boskalis Westminster 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 Royal Boskalis Westminster'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.
  • Royal Boskalis Westminster's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Royal Boskalis Westminster has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Royal Boskalis Westminster has become profitable in the last year making it difficult to compare the GB Construction industry average.
Earnings and Revenue History
Royal Boskalis Westminster'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 Royal Boskalis Westminster Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:BOKAA 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 2,691.64 74.89
2019-09-30 2,685.79 0.87
2019-06-30 2,679.95 -73.15
2019-03-31 2,624.75 -254.50
2018-12-31 2,569.54 -435.85
2018-09-30 2,491.93 -360.94
2018-06-30 2,414.32 -286.03
2018-03-31 2,378.47 -67.78
2017-12-31 2,342.62 150.47
2017-09-30 2,428.82 -242.83
2017-06-30 2,519.03 -636.13
2017-03-31 2,557.68 -599.93
2016-12-31 2,596.33 -563.73
2016-09-30 2,718.83 -141.28
2016-06-30 2,841.33 281.18
2016-03-31 3,040.83 360.68
2015-12-31 3,240.33 440.18
2015-09-30 3,215.61 491.98
2015-06-30 3,190.89 543.79
2015-03-31 3,178.89 517.04
2014-12-31 3,166.89 490.29
2014-09-30 3,289.37 492.84
2014-06-30 3,411.85 495.39
2014-03-31 3,277.95 430.54
2013-12-31 3,144.05 365.69
2013-09-30 3,104.64 318.04
2013-06-30 2,958.36 270.39

*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.
  • Royal Boskalis Westminster has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Royal Boskalis Westminster used its assets less efficiently than the GB Construction industry average last year based on Return on Assets.
  • Royal Boskalis Westminster's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Royal Boskalis Westminster'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.
Royal Boskalis Westminster has a total score of 0/6, 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.

BOKAA Health

 How is Royal Boskalis Westminster'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 Royal Boskalis Westminster's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Royal Boskalis Westminster's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Royal Boskalis Westminster's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Royal Boskalis Westminster'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 4x 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 Royal Boskalis Westminster Company Filings, last reported 3 months ago.

BATS-CHIXE:BOKAA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,494.70 373.83 399.57
2019-09-30 2,494.70 373.83 399.57
2019-06-30 2,484.30 711.50 291.70
2019-03-31 2,484.30 711.50 291.70
2018-12-31 2,547.61 467.08 336.21
2018-09-30 2,547.61 467.08 336.21
2018-06-30 2,622.40 459.10 220.40
2018-03-31 2,622.40 459.10 220.40
2017-12-31 3,025.31 311.66 191.95
2017-09-30 3,025.31 311.66 191.95
2017-06-30 3,103.60 288.00 522.50
2017-03-31 3,103.60 288.00 522.50
2016-12-31 3,123.20 762.62 965.33
2016-09-30 3,123.20 762.62 965.33
2016-06-30 3,774.70 737.60 548.70
2016-03-31 3,774.70 737.60 548.70
2015-12-31 3,721.91 962.96 793.72
2015-09-30 3,721.91 962.96 793.72
2015-06-30 3,551.30 960.40 440.90
2015-03-31 3,551.30 960.40 440.90
2014-12-31 3,159.81 903.31 395.95
2014-09-30 3,159.81 903.31 395.95
2014-06-30 2,758.40 969.60 421.00
2014-03-31 2,758.40 969.60 421.00
2013-12-31 2,532.16 974.77 330.35
2013-09-30 2,539.93 1,200.24 386.89
2013-06-30 2,286.60 1,750.10 374.90
  • Royal Boskalis Westminster's level of debt (15%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (28.6% vs 15% today).
  • Debt is well covered by operating cash flow (87.8%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Royal Boskalis Westminster'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. Royal Boskalis Westminster 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.

BOKAA Dividends

 What is Royal Boskalis Westminster'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
2.89%
Current annual income from Royal Boskalis Westminster dividends. Estimated to be 2.88% next year.
If you bought €2,000 of Royal Boskalis Westminster shares you are expected to receive €58 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?
  • Royal Boskalis Westminster's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.49%).
  • Royal Boskalis Westminster's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (6.84%).
Upcoming dividend payment

Purchase Royal Boskalis Westminster before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:BOKAA 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 5 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 575 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 6.8%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:BOKAA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.47 2.00
2021-12-31 0.53 2.00
2020-12-31 0.50 2.00
2020-04-09
BATS-CHIXE:BOKAA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-05 0.500 2.937
2019-03-07 0.500 2.392
2018-03-08 1.000 4.104
2017-05-10 1.000 3.321
2016-05-10 1.600 4.970
2015-03-12 1.600 3.964
2014-03-12 1.240 2.967
2013-03-13 1.240 3.794
2012-03-14 1.240 4.310
2011-04-05 1.240 4.452
2011-03-17 1.240 3.404
2010-04-07 1.190 3.656
2010-03-18 1.190 4.264

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 Royal Boskalis Westminster's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Royal Boskalis Westminster'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 Royal Boskalis Westminster afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Royal Boskalis Westminster has a total score of 3/6, see the detailed checks below.


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

BOKAA Management

 What is the CEO of Royal Boskalis Westminster'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
Peter A. Berdowski
COMPENSATION €1,893,000
AGE 62
TENURE AS CEO 14.3 years
CEO Bio

Dr. Peter A. M. Berdowski serves as the Chief Executive Officer of van Koninklijke Boskalis Westminster N.V. Dr. Berdowski has been the Chairman of the Board of Management and Chief Executive Officer of Royal Boskalis Westminster NV since May 8, 2006 and its Member of the Management Board since 1997. In 2001, he was appointed as vice-president of Royal Boskalis. He served as Vice Chairman of the Board of Management at Royal Boskalis Westminster NV from 2001 to May 8, 2006. Before 1997 he fulfilled various management positions at Royal Shell Groep and served as Managing Partner of Krekel Van der Woerd Wouterse. He serves as the Chairman of the Supervisory Board at Amega Holding B.V. He serves as a Member of the Supervisory Board at f Scope Publishing B.V. He has been a Member of Supervisory Board at AVR Van Gansewinkel N.V. since April 22, 2009. He served as a Member of Supervisory Board at Van Gansewinkel Groep B.V from 2009 to July 2015. He served as a Member of Supervisory Board at Holding AVR-Bedrijven N.V. since April 22, 2009. In 1997, he joined Royal Boskalis Westminster as a member of the Board of Directors. Dr. Berdowski studied Chemistry at the University of Utrecht. He serves as member of the Supervisory Board at Ames Auto Lease B.V. He serves as member of the Supervisory Board at GustoMSC Investments B.V.

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

Average tenure and age of the Royal Boskalis Westminster management team in years:

11.8
Average Tenure
53
Average Age
  • The average tenure for the Royal Boskalis Westminster management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Peter A. Berdowski

TITLE
Chairman of Management Board & CEO
COMPENSATION
€2M
AGE
62
TENURE
14.3 yrs

Carlo van Noort

TITLE
CFO & Member of Management Board
COMPENSATION
€573K
AGE
44
TENURE
0.9 yrs

Theo Baartmans

TITLE
Member of Management Board
COMPENSATION
€1M
AGE
59
TENURE
12.9 yrs

Bart Heijermans

TITLE
Member of Management Board
COMPENSATION
€685K
AGE
53
TENURE
1.6 yrs

Martijn L. Schuttevaer

TITLE
Head of Investor Relations & Corporate Communications
TENURE
11.8 yrs

F. Buijs

TITLE
Head of Corporate Legal & Company Secretary
AGE
50

C. Visser

TITLE
Head of Corporate Development

J. den Hartog

TITLE
Head of Personnel & Organization

M. Krijger

TITLE
Head of Information & Communications Technology

A. Steenbrink

TITLE
Head of Research & Development
Board of Directors Tenure

Average tenure and age of the Royal Boskalis Westminster board of directors in years:

1.9
Average Tenure
64
Average Age
  • The average tenure for the Royal Boskalis Westminster board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jeroen van der Veer

TITLE
Chairman of Supervisory Board
COMPENSATION
€73K
AGE
72
TENURE
1.9 yrs

Herman Hazewinkel

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
€62K
AGE
70

J. Van Wiechen

TITLE
Member of Supervisory Board
COMPENSATION
€58K
AGE
47
TENURE
8.9 yrs

Ilona Haaijer

TITLE
Member of Supervisory Board
COMPENSATION
€51K
AGE
50
TENURE
3.4 yrs

J. de Kreij

TITLE
Member of Supervisory Board
COMPENSATION
€54K
AGE
60
TENURE
1.9 yrs

D. Sperling

TITLE
Member of the Supervisory Board
COMPENSATION
€36K
AGE
64
TENURE
0.9 yrs

J. A. Bakker

TITLE
Member of the Supervisory Board
COMPENSATION
€34K
AGE
66
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Royal Boskalis Westminster'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. Royal Boskalis Westminster 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.

BOKAA News

Simply Wall St News

BOKAA Company Info

Description

Royal Boskalis Westminster N.V. provides dredging, offshore energy, and maritime services worldwide. Its Dredging & Inland Infra segment engages constructs and maintains ports and waterways; and provides land reclamation, coastal defense, riverbank protection, and underwater rock fragmentation services. This segment also extracts raw materials; designs, prepares, and executes civil infra works, including the construction of roads and railroads, bridges, dams, viaducts, and tunnels; performs specialist works, such as soil improvement and land remediation; and operates as a contractor of dry infrastructure projects. The company’s Offshore Energy segment is involved in the engineering, construction, maintenance, and decommissioning of oil and liquefied natural gas import/export facilities, offshore platforms, pipelines and cables, and offshore wind farms. This segment also offers heavy transport, lift and installation work, and diving and remotely operated vehicle services, as well as dredging, offshore pipeline and cable installation, rock installation, and marine activities and survey services. Its Towage & Salvage segment offers towage services to incoming and outgoing oceangoing vessels; and berthing and unberthing of tankers, pilotage, subsea inspection and maintenance, firefighting, and the coupling and uncoupling of terminal connections, as well as operates and manages onshore and offshore terminals. This segment also provides assistance to vessels in distress, shipwrecks or damaged offshore platforms removal, environmental care, and consultancy services. It primarily serves oil, gas, and wind energy companies; port and terminal operators; governments; shipping and insurance companies; international project developers; and mining companies and related EPC contractors and subcontractors. It operates a fleet of approximately 700 vessels and floating equipment. The company was founded in 1910 and is headquartered in Papendrecht, the Netherlands.

Details
Name: Royal Boskalis Westminster N.V.
BOKAA
Exchange: BATS-CHIXE
Founded: 1910
€2,280,188,086
131,726,637
Website: http://boskalis.com
Address: Royal Boskalis Westminster N.V.
Rosmolenweg 20,
Papendrecht,
Zuid-Holland, 3356 LK,
Netherlands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTAM BOKA Ordinary Shares Euronext Amsterdam NL EUR 02. Jan 1992
OTCPK KKWF.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB KBWA Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0LO8 Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
WBAG BOKA Ordinary Shares Wiener Boerse AG AT EUR 02. Jan 1992
BATS-CHIXE BOKAA Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
OTCPK RBWN.Y UNSPONSORED ADR Pink Sheets LLC US USD 10. May 2013
Number of employees
Current staff
Staff numbers
7,133
Royal Boskalis Westminster employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 19:35
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/03/05
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.