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Koninklijke Heijmans N.V.ENXTAM:HEIJM Stock Report

Market Cap €2.9b
Share Price
€105.00
€95
10.5% overvalued intrinsic discount
1Y81.3%
7D-1.2%
1D
Portfolio Value
View

Koninklijke Heijmans N.V.

ENXTAM:HEIJM Stock Report

Market Cap: €2.9b

Koninklijke Heijmans (HEIJM) Stock Overview

Engages in the real estate, construction, and infrastructure businesses in the Netherlands and internationally. More details

HEIJM fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance6/6
Financial Health6/6
Dividends2/6

HEIJM Community Fair Values

Create Narrative

See what 78 others think this stock is worth. Follow their fair value or set your own to get alerts.

Koninklijke Heijmans N.V. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Koninklijke Heijmans
Historical stock prices
Current Share Price€105.00
52 Week High€109.70
52 Week Low€50.30
Beta1.31
1 Month Change22.02%
3 Month Change22.02%
1 Year Change81.35%
3 Year Change923.39%
5 Year Change706.45%
Change since IPO180.02%

Recent News & Updates

New Narrative May 27

Energy Transition And Housing Bottlenecks Will Constrain Future Margins And Earnings Potential

Catalysts About Koninklijke Heijmans Koninklijke Heijmans is a Dutch construction and real estate company that develops and builds residential projects, non residential buildings and infrastructure, including energy and grid related assets. What are the underlying business or industry changes driving this perspective?
Narrative Update May 11

HEIJM: Steady Outlook And 2026 Dividend Will Shape Return Profile

Analysts have maintained their price target for Koninklijke Heijmans at €95.00, noting only minor adjustments to assumptions on discount rate, revenue growth, profit margin, and future P/E that do not materially change their view of the stock’s valuation. What's in the News Koninklijke Heijmans announced an annual dividend of €2.37 per share, scheduled to be paid on May 12, 2026 (Key Developments).
Narrative Update Apr 25

HEIJM: Stable Fair Value And 2026 Dividend Payout Will Guide Returns

Analysts have maintained their price target for Koninklijke Heijmans at €95.00, citing largely unchanged assumptions on discount rate, revenue growth, profit margin and future P/E as the basis for this stable view. What's in the News Annual dividend of €2.37 per share announced, with payment scheduled for May 12, 2026.

Recent updates

New Narrative May 27

Energy Transition And Housing Bottlenecks Will Constrain Future Margins And Earnings Potential

Catalysts About Koninklijke Heijmans Koninklijke Heijmans is a Dutch construction and real estate company that develops and builds residential projects, non residential buildings and infrastructure, including energy and grid related assets. What are the underlying business or industry changes driving this perspective?
Narrative Update May 11

HEIJM: Steady Outlook And 2026 Dividend Will Shape Return Profile

Analysts have maintained their price target for Koninklijke Heijmans at €95.00, noting only minor adjustments to assumptions on discount rate, revenue growth, profit margin, and future P/E that do not materially change their view of the stock’s valuation. What's in the News Koninklijke Heijmans announced an annual dividend of €2.37 per share, scheduled to be paid on May 12, 2026 (Key Developments).
Narrative Update Apr 25

HEIJM: Stable Fair Value And 2026 Dividend Payout Will Guide Returns

Analysts have maintained their price target for Koninklijke Heijmans at €95.00, citing largely unchanged assumptions on discount rate, revenue growth, profit margin and future P/E as the basis for this stable view. What's in the News Annual dividend of €2.37 per share announced, with payment scheduled for May 12, 2026.
Narrative Update Apr 11

HEIJM: Steady Fair Value And 2026 Dividend Will Shape Future Returns

Analysts have kept their average price target for Koninklijke Heijmans steady at €95.00, indicating only minor adjustments in inputs such as discount rate, revenue growth and future P/E assumptions rather than a shift in their overall view of the shares. What's in the News Koninklijke Heijmans announced an annual dividend of €2.37 per share, with an ex dividend date of May 4, 2026, a record date of May 5, 2026, and payment on May 12, 2026 (Key Developments).
Narrative Update Mar 27

HEIJM: Maintained Fair Value And Upcoming Dividend Will Support Upside

Analysts have maintained their price target for Koninklijke Heijmans at €95.00, citing largely unchanged views on fair value, growth, margins and future P/E, with only minor technical adjustments to model inputs such as the discount rate. What's in the News Announced an annual dividend of €2.37 per share, with an ex dividend date of May 4, 2026, a record date of May 5, 2026, and a payment date of May 12, 2026 (Key Developments) Valuation Changes Fair Value: €95.00 is unchanged, with no revision to the headline valuation level.
Narrative Update Mar 13

HEIJM: Stable Cash Assumptions And Lower Discount Rate Will Support Upside

Analysts now keep their price target for Koninklijke Heijmans broadly steady at around €95.00, reflecting only a small tweak to their assumptions, such as a slightly lower discount rate and marginally adjusted future P/E expectations. Valuation Changes Fair Value: Held steady at €95.0 per share, with no change between the previous and updated assessment.
Narrative Update Feb 27

HEIJM: Adjusted Margins And Higher Future P E Multiple Will Shape Returns

Analysts have updated their price target on Koninklijke Heijmans from €63.38 to €95.00, citing revised assumptions for the discount rate, revenue growth, profit margin, and a higher future P/E multiple in their valuation work. Valuation Changes Fair Value: updated from €63.38 to €95.00, representing a substantial uplift in the implied equity value per share.
New Narrative Feb 14

Long Duration Public Programs And Technical Services Will Underpin A Stronger Long Term Outlook

Catalysts About Koninklijke Heijmans Koninklijke Heijmans is a Dutch construction and engineering group active in residential building, nonresidential projects, infrastructure and related technical and energy services. What are the underlying business or industry changes driving this perspective?
Analysis Article Feb 14

Should You Think About Buying Koninklijke Heijmans N.V. (AMS:HEIJM) Now?

While Koninklijke Heijmans N.V. ( AMS:HEIJM ) might not have the largest market cap around , it received a lot of...
Narrative Update Feb 13

HEIJM: Fine Tuned Margins And P E Assumptions Will Guide Future Returns

Analysts have kept their price target for Koninklijke Heijmans steady at €63.38, with slightly updated assumptions around the discount rate, profit margin and future P/E helping to fine tune rather than shift their view on the shares. Valuation Changes Fair Value: Modelled fair value is unchanged at €63.38.
Narrative Update Jan 29

HEIJM: Higher Discount Rate And Revised Margins Will Shape Future Returns

Analysts have trimmed their price target for Koninklijke Heijmans from €70.38 to €63.38, reflecting updated assumptions around a higher discount rate, different revenue growth expectations, slightly lower profit margins and a reduced future P/E multiple. Valuation Changes Fair Value: revised from €70.38 to €63.38, a moderate reduction in the estimated share value.
Analysis Article Jan 20

Is Koninklijke Heijmans N.V. (AMS:HEIJM) Trading At A 48% Discount?

Key Insights Using the 2 Stage Free Cash Flow to Equity, Koninklijke Heijmans fair value estimate is €130 Koninklijke...
Analysis Article Jan 03

With EPS Growth And More, Koninklijke Heijmans (AMS:HEIJM) Makes An Interesting Case

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article Nov 26

Returns On Capital Are A Standout For Koninklijke Heijmans (AMS:HEIJM)

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article Oct 29

Should You Think About Buying Koninklijke Heijmans N.V. (AMS:HEIJM) Now?

Koninklijke Heijmans N.V. ( AMS:HEIJM ), is not the largest company out there, but it received a lot of attention from...
Analysis Article Sep 26

Koninklijke Heijmans (AMS:HEIJM) Seems To Use Debt Rather Sparingly

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Sep 05

If EPS Growth Is Important To You, Koninklijke Heijmans (AMS:HEIJM) Presents An Opportunity

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article Aug 23

Investors Interested In Koninklijke Heijmans N.V.'s (AMS:HEIJM) Earnings

It's not a stretch to say that Koninklijke Heijmans N.V.'s ( AMS:HEIJM ) price-to-earnings (or "P/E") ratio of 15.9x...
Analysis Article Aug 01

Solid Earnings Reflect Koninklijke Heijmans' (AMS:HEIJM) Strength As A Business

Even though Koninklijke Heijmans N.V. ( AMS:HEIJM ) posted strong earnings, investors appeared to be underwhelmed. Our...
Analysis Article Jul 28

Why We Like The Returns At Koninklijke Heijmans (AMS:HEIJM)

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article Jul 07

At €51.95, Is Koninklijke Heijmans N.V. (AMS:HEIJM) Worth Looking At Closely?

Koninklijke Heijmans N.V. ( AMS:HEIJM ), is not the largest company out there, but it led the ENXTAM gainers with a...
Analysis Article Jun 02

Is Now The Time To Put Koninklijke Heijmans (AMS:HEIJM) On Your Watchlist?

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article May 18

A Piece Of The Puzzle Missing From Koninklijke Heijmans N.V.'s (AMS:HEIJM) 28% Share Price Climb

Koninklijke Heijmans N.V. ( AMS:HEIJM ) shares have continued their recent momentum with a 28% gain in the last month...
Analysis Article Apr 09

Koninklijke Heijmans N.V.'s (AMS:HEIJM) CEO Will Probably Have Their Compensation Approved By Shareholders

Key Insights Koninklijke Heijmans' Annual General Meeting to take place on 16th of April Salary of €635.0k is part of...
Analysis Article Apr 02

When Should You Buy Koninklijke Heijmans N.V. (AMS:HEIJM)?

Koninklijke Heijmans N.V. ( AMS:HEIJM ), might not be a large cap stock, but it led the ENXTAM gainers with a...
Analysis Article Feb 27

Koninklijke Heijmans N.V. (AMS:HEIJM) Shares Fly 34% But Investors Aren't Buying For Growth

The Koninklijke Heijmans N.V. ( AMS:HEIJM ) share price has done very well over the last month, posting an excellent...
User avatar
New Narrative Feb 23

Shift Towards Energy Transition Projects Aims To Stabilize Earnings Amid Regulatory Challenges

Focus on margin improvement and risk management aims for stable earnings and improved net margins while facing regulatory uncertainties.
Analysis Article Dec 05

A Piece Of The Puzzle Missing From Koninklijke Heijmans N.V.'s (AMS:HEIJM) 28% Share Price Climb

The Koninklijke Heijmans N.V. ( AMS:HEIJM ) share price has done very well over the last month, posting an excellent...
Analysis Article Dec 04

Is There Now An Opportunity In Koninklijke Heijmans N.V. (AMS:HEIJM)?

While Koninklijke Heijmans N.V. ( AMS:HEIJM ) might not have the largest market cap around , it led the ENXTAM gainers...
Analysis Article Aug 03

Koninklijke Heijmans N.V. (AMS:HEIJM) Shares Fly 27% But Investors Aren't Buying For Growth

Despite an already strong run, Koninklijke Heijmans N.V. ( AMS:HEIJM ) shares have been powering on, with a gain of 27...
Analysis Article Mar 18

We Think You Should Be Aware Of Some Concerning Factors In Koninklijke Heijmans' (AMS:HEIJM) Earnings

Koninklijke Heijmans N.V.'s ( AMS:HEIJM ) healthy profit numbers didn't contain any surprises for investors. We believe...

Shareholder Returns

HEIJMNL ConstructionNL Market
7D-1.2%0.2%-1.8%
1Y81.3%30.5%31.1%

Return vs Industry: HEIJM exceeded the Dutch Construction industry which returned 30.5% over the past year.

Return vs Market: HEIJM exceeded the Dutch Market which returned 31.1% over the past year.

Price Volatility

Is HEIJM's price volatile compared to industry and market?
HEIJM volatility
HEIJM Average Weekly Movement6.7%
Construction Industry Average Movement5.3%
Market Average Movement4.6%
10% most volatile stocks in NL Market7.8%
10% least volatile stocks in NL Market2.7%

Stable Share Price: HEIJM's share price has been volatile over the past 3 months compared to the Dutch market.

Volatility Over Time: HEIJM's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of Dutch stocks.

About the Company

FoundedEmployeesCEOWebsite
19236,158Ton Hillenwww.heijmans.nl

Koninklijke Heijmans N.V. engages in the real estate, construction, and infrastructure businesses in the Netherlands and internationally. It focuses on the development of large and smaller-scale projects in urban and out-of-town areas, as well as acts as an initiator, developer, and seller of residential properties. The company is also involved in building homes; and the restoration, redevelopment, renovation, maintenance, and service of existing housing stock.

Koninklijke Heijmans N.V. Fundamentals Summary

How do Koninklijke Heijmans's earnings and revenue compare to its market cap?
HEIJM fundamental statistics
Market cap€2.89b
Earnings (TTM)€130.20m
Revenue (TTM)€2.77b
22.2x
P/E Ratio
1.0x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HEIJM income statement (TTM)
Revenue€2.77b
Cost of Revenue€2.33b
Gross Profit€439.80m
Other Expenses€309.60m
Earnings€130.20m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

Jul 24, 2026

Earnings per share (EPS)4.74
Gross Margin15.86%
Net Profit Margin4.70%
Debt/Equity Ratio1.5%

How did HEIJM perform over the long term?

See historical performance and comparison

Dividends

2.3%
Current Dividend Yield
50%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/02 23:05
End of Day Share Price 2026/06/02 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Koninklijke Heijmans N.V. is covered by 3 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tijs HollestelleING Groep NV
Wouter VANDERHAEGHENKBC Securities NV
Martijn den DrijverODDO BHF Corporate & Markets