Subscribe

Koninklijke Heijmans N.V. (HEIJM.AS)

EUR95.45 -1.45 (-1.50%)
NL AMS Industrials Engineering & Construction
Address Graafsebaan 65 5248 JT
Rosmalen, NL
CEO A. G. J. Hillen
IPO 1998-07-20
ISIN NL0009269109

Explore sections of this company profile

Also trades on Euronext Amsterdam · HEIJM.AS (EUR) London Stock Exchange · 0M6I.L (EUR)
Description

Heijmans N.V., a company based in Rosmalen, the Netherlands, with operations both domestically and globally, is primarily engaged in real estate development, comprehensive construction and technical services, and infrastructure projects. Its property division is responsible for initiating, developing, and marketing residential properties, encompassing both large and small-scale ventures in diverse urban and suburban settings. This extends to the construction of new homes, as well as the revitalization, modernization, renovation, and upkeep of existing housing. Within its construction and technical services segment, Heijmans specializes in the design, implementation, and ongoing maintenance of electromechanical systems. The company also secures and executes complex, large-scale construction contracts for a broad spectrum of clients, including healthcare providers, government and semi-government organizations, commercial property owners, high-tech clean industries, and data centers, offering integrated management and maintenance solutions. Furthermore, Heijmans' infrastructure arm concentrates on the building, upgrading, and preservation of road networks and public spaces, along with their associated installations and specific on-site features. The company was established in 1923.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
Loading risk profile…
Price Chart
Averages
Trend
Price
Levels
Draw
EUR95.45 -1.45 (-1.50%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
62.0K
Beta
1.35
Float Shares
25.09M
Free Float %
91.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+4.93% +8.57% +23.65% +19.22% +77.04% +57.40% +90.00% +927.03% +704.84% +1,175.78% +34.63%
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
vs.
Loading histogram data…

Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
95.45
DCF (Unlevered) 35.80 -62.5%
DCF (Levered) 48.55 -49.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 67% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 2 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
5.59
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
3 / 5
Medium
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Engineering & Construction: +6.7%
    +7.3% Q4'25: +23.9% (vs Q4'23)
  • EPS growth Engineering & Construction: +20.8%
    +42.9% Q4'25: +59.3% (vs Q4'23)
  • FCF margin FCF growth · Engineering & Construction: +51.6%
    +8.6% Q4'25: +0.0% (vs Q4'23)
  • EBIT margin Engineering & Construction: +7.0%
    +6.1% Q4'25: +5.9% (vs Q4'23)
  • ROIC Engineering & Construction: +6.4%
    +21.5% Q4'25: +44.9% (vs Q4'23)
  • Share dilution Engineering & Construction: +0.0%
    +1.0% Q4'25: +7.1% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Engineering & Construction: -0.38×
    0.98× Q4'25: 0.47× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.31) × ERP
WACC = 93% × Ke + 7% × Kd (4.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 35.80 Current price: 95.45
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2000
actual
Dec 2001
actual
Dec 2002
actual
Dec 2003
actual
Dec 2004
actual
Dec 2005
actual
Dec 2006
actual
Dec 2007
actual
Dec 2008
actual
Dec 2009
actual
Dec 2010
actual
Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
3 Rev. Ana.
1 EPS Ana.
Dec 2027
3 Rev. Ana.
1 EPS Ana.
Dec 2028
2 Rev. Ana.
2 EPS Ana.
Dec 2029
1 Rev. Ana.
1 EPS Ana.
Revenue
1.56B
est.
2.24B
est.
2.57B
est.
2.60B
est.
2.67B
est: 2.67B (+0.3%)
2.84B
est: 2.82B (+0.7%)
2.94B
est: 3.06B (-3.9%)
3.73B
est: 3.77B (-1.0%)
3.63B
est: 3.64B (-0.4%)
3.08B
est: 3.15B (-2.3%)
2.28B
est: 2.71B (-15.7%)
2.36B
est: 2.33B (+1.4%)
2.32B
est: 2.26B (+2.5%)
2.00B
est: 2.07B (-3.2%)
1.87B
est: 1.90B (-1.9%)
1.45B
est: 2.03B (-28.6%)
1.37B
est: 1.99B (-31.0%)
1.40B
est: 1.39B (+0.6%)
1.58B
est: 1.59B (-0.7%)
1.60B
est: 1.55B (+3.5%)
1.75B
est: 1.58B (+10.8%)
1.75B
est: 1.76B (-0.6%)
1.81B
est: 1.76B (+3.2%)
2.12B
est: 2.40B (-11.7%)
2.58B
est: 2.54B (+1.6%)
2.77B
est: 2.78B (-0.3%)
3.11B
3.06B – 3.18B
+12.0% YoY
3.31B
3.26B – 3.38B
+6.2% YoY
3.50B
3.47B – 3.54B
+6.0% YoY
3.70B
3.64B – 3.78B
+5.6% YoY
EBITDA
57.51M
est.
93.00M
est.
119.20M
est.
121.74M
est.
124.94M
est: 117.82M (+6.0%)
167.35M
est: 122.33M (+36.8%)
131.74M
est: 156.93M (-16.1%)
135.33M
est: 154.48M (-12.4%)
39.65M
est: 101.03M (-60.8%)
7.87M
est: 41.75M (-81.1%)
76.72M
est: -44.05M (+274.1%)
892.0K
est: 43.05M (-97.9%)
-52.54M
est: -11.17M (-370.4%)
33.75M
est: -67.50M (+150.0%)
-36.18M
est: 3.31M (-1,191.5%)
-21.45M
est: -41.07M (+47.8%)
-88.09M
est: -21.74M (-305.2%)
29.88M
est: -71.79M (+141.6%)
34.00M
est: 8.88M (+283.0%)
73.78M
est: 30.57M (+141.3%)
91.15M
est: 75.10M (+21.4%)
89.62M
est: 74.61M (+20.1%)
117.57M
est: 76.18M (+54.3%)
135.30M
est: 158.85M (-14.8%)
179.30M
est: 168.48M (+6.4%)
227.00M
est: 184.28M (+23.2%)
206.39M
202.92M – 210.48M
+12.0% YoY
219.13M
216.03M – 224.20M
+6.2% YoY
232.21M
229.86M – 234.55M
+6.0% YoY
245.15M
241.36M – 250.43M
+5.6% YoY
EBIT
60.24M
est.
93.72M
est.
115.75M
est.
122.95M
est.
59.95M
est: 93.62M (-36.0%)
113.49M
est: 76.59M (+48.2%)
103.15M
est: 137.05M (-24.7%)
99.96M
est: 142.22M (-29.7%)
3.39M
est: 85.28M (-96.0%)
-3.88M
est: -11.76M (+67.0%)
41.91M
est: -5.68M (+838.0%)
-28.76M
est: 30.42M (-194.5%)
-81.79M
est: -34.67M (-135.9%)
14.19M
est: -82.59M (+117.2%)
-59.65M
est: 11.69M (-610.1%)
-37.61M
est: -67.37M (+44.2%)
-101.98M
est: -41.00M (-148.7%)
17.13M
est: -71.38M (+124.0%)
30.07M
est: 16.40M (+83.3%)
41.02M
est: 22.92M (+79.0%)
57.05M
est: 29.90M (+90.8%)
55.82M
est: 29.70M (+87.9%)
76.67M
est: 30.33M (+152.8%)
89.40M
est: 106.91M (-16.4%)
118.70M
est: 113.39M (+4.7%)
168.00M
est: 124.02M (+35.5%)
138.90M
136.57M – 141.65M
+12.0% YoY
147.47M
145.39M – 150.89M
+6.2% YoY
156.28M
154.70M – 157.86M
+6.0% YoY
164.98M
162.44M – 168.54M
+5.6% YoY
Net Income
40.67M
est.
69.24M
est.
80.69M
est.
88.43M
est.
40.09M
est: 61.53M (-34.8%)
87.06M
est: 47.43M (+83.5%)
82.54M
est: 90.74M (-9.0%)
56.43M
est: 100.12M (-43.6%)
-34.06M
est: 54.53M (-162.5%)
-40.39M
est: -29.48M (-37.0%)
15.67M
est: -34.76M (+145.1%)
-37.62M
est: 13.49M (-378.8%)
-89.30M
est: -36.52M (-144.5%)
1.86M
est: -82.68M (+102.2%)
-47.29M
est: 1.75M (-2,803.7%)
-38.68M
est: -50.86M (+24.0%)
-118.26M
est: -27.72M (-326.7%)
-9.44M
est: -75.51M (+87.5%)
20.49M
est: 20.77M (-1.4%)
30.06M
est: 20.77M (+44.7%)
40.15M
est: 30.80M (+30.4%)
50.30M
est: 30.60M (+64.4%)
59.58M
est: 31.24M (+90.7%)
59.73M
est: 81.81M (-27.0%)
90.00M
est: 98.86M (-9.0%)
130.00M
est: 140.86M (-7.7%)
171.08M
163.87M – 171.91M
+21.4% YoY
186.71M
182.24M – 191.18M
+9.1% YoY
208.89M
189.39M – 221.22M
+11.9% YoY
240.76M
235.93M – 247.50M
+15.3% YoY
SGA
299.05M
est.
436.48M
est.
474.49M
est.
455.45M
est.
126.94M
est: 506.57M (-74.9%)
71.09M
est: 553.03M (-87.1%)
77.16M
est: 692.26M (-88.9%)
170.85M
est: 166.74M (+2.5%)
199.09M
est: 165.14M (+20.6%)
205.74M
est: 172.12M (+19.5%)
249.47M
est: 176.99M (+40.9%)
237.52M
est: 214.41M (+10.8%)
256.05M
est: 230.65M (+11.0%)
194.86M
est: 237.03M (-17.8%)
212.50M
est: 180.99M (+17.4%)
154.91M
est: 228.54M (-32.2%)
138.29M
est: 157.52M (-12.2%)
123.14M
est: 94.51M (+30.3%)
121.43M
est: 130.91M (-7.2%)
148.50M
est: 123.11M (+20.6%)
145.73M
est: 152.16M (-4.2%)
158.52M
est: 151.16M (+4.9%)
179.37M
est: 154.34M (+16.2%)
218.92M
est: 194.24M (+12.7%)
36.10M
est: 206.03M (-82.5%)
272.00M
est: 225.34M (+20.7%)
252.38M
248.14M – 257.38M
+12.0% YoY
267.95M
264.17M – 274.16M
+6.2% YoY
283.95M
281.08M – 286.82M
+6.0% YoY
299.77M
295.14M – 306.22M
+5.6% YoY
EPS
7.75
est.
9.92
est.
11.40
est.
9.37
est.
5.31
est: 8.10 (-34.4%)
10.89
est: 10.81 (+0.7%)
10.18
est: 10.17 (+0.1%)
6.94
est: 7.36 (-5.7%)
-4.18
est: 1.51 (-377.3%)
-3.23
est: -1.07 (-200.6%)
0.93
est: 1.28 (-27.3%)
-2.22
est: 1.32 (-267.8%)
-5.19
est: 0.50 (-1,137.4%)
0.10
est: 0.54 (-81.4%)
-2.44
est: -0.26 (-823.2%)
-1.87
est: -0.37 (-403.3%)
-5.52
est: -1.86 (-197.2%)
-0.44
est: 0.11 (-503.7%)
0.96
est: 0.75 (+27.8%)
1.40
est: 1.59 (-11.7%)
1.85
est: 1.17 (+58.1%)
2.24
est: 2.19 (+2.5%)
2.57
est: 2.44 (+5.3%)
2.40
est: 2.97 (-19.1%)
3.31
est: 3.58 (-7.6%)
4.73
est: 5.11 (-7.3%)
6.08
5.96 – 6.25
+19.2% YoY
6.77
6.63 – 6.96
+11.2% YoY
7.47
6.89 – 8.05
+10.4% YoY
8.76
8.58 – 9.01
+17.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-05-28 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-05-27 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-05-26 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-05-25 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-05-22 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-05-21 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-05-20 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-05-19 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-05-18 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-05-15 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-05-14 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-05-13 A- 4/5 3/5 5/5 5/5 2/5 4/5 2/5
2026-05-12 A- 4/5 3/5 5/5 5/5 2/5 4/5 2/5
2026-05-11 A- 4/5 3/5 5/5 5/5 2/5 4/5 2/5
2026-05-08 A- 4/5 3/5 5/5 5/5 2/5 4/5 2/5
2026-05-07 A- 4/5 3/5 5/5 5/5 2/5 4/5 2/5
2026-05-06 A- 4/5 3/5 5/5 5/5 2/5 4/5 2/5
2026-05-05 A- 4/5 3/5 5/5 5/5 2/5 4/5 2/5
2026-05-04 A- 4/5 3/5 5/5 5/5 2/5 4/5 2/5
2026-04-30 A- 4/5 3/5 5/5 5/5 2/5 4/5 2/5
2026-04-29 A- 4/5 3/5 5/5 5/5 2/5 4/5 2/5
2026-04-28 A- 4/5 3/5 5/5 5/5 2/5 4/5 2/5
2026-04-27 A- 4/5 3/5 5/5 5/5 2/5 4/5 2/5
2026-04-24 A- 4/5 3/5 5/5 5/5 2/5 3/5 2/5
2026-04-23 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-04-22 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-04-21 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-04-20 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-04-17 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-04-16 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-04-15 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
333.73M
OE per share TTM
12.52
Owner's Yield
11.41%
Maintenance CapEx ratio
261.73%
Maint CapEx / Avg PPE
8.6%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
29.7K
Shares Outstanding
27.48M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
A. G. J. Hillen Chairman of Executive Board & Chief Executive Officer 2M male
Gavin van Boekel Chief Financial Officer & Member of the Executive Board 1M male
G. F. Raessens Head of Personnel & Training male
Martijn Van de Koolwijk Spokesman
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits