View ValuationAckermans & Van Haaren 향후 성장Future 기준 점검 1/6Ackermans & Van Haaren (는) 각각 연간 3.1% 및 2.2% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 4.3% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 9.9% 로 예상됩니다.핵심 정보3.1%이익 성장률4.28%EPS 성장률Construction 이익 성장11.1%매출 성장률2.2%향후 자기자본이익률9.85%애널리스트 커버리지Low마지막 업데이트12 Jun 2026최근 향후 성장 업데이트Price Target Changed • Oct 01Price target increased by 7.8% to €253Up from €235, the current price target is an average from 6 analysts. New target price is 12% above last closing price of €225. Stock is up 20% over the past year. The company is forecast to post earnings per share of €17.15 for next year compared to €14.07 last year.공시 • Aug 29Ackermans & Van Haaren NV Provides Earnings Guidance for the Year 2025Ackermans & Van Haaren NV provided earnings guidance for the year 2025. For the year, the company expects net profit to increase by at least 15%.Price Target Changed • Aug 30Price target increased by 11% to €198Up from €178, the current price target is an average from 5 analysts. New target price is 15% above last closing price of €173. Stock is up 20% over the past year. The company is forecast to post earnings per share of €13.77 for next year compared to €12.13 last year.공시 • May 26Ackermans & Van Haaren Nv Provides Earnings Guidance for Year 2024Ackermans & Van Haaren NV provided earnings guidance for year 2024. For the period company expects net profit to be higher than last year.Major Estimate Revision • Jun 09Consensus revenue estimates increase by 152%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €1.91b to €4.81b. EPS estimate unchanged from €11.51 at last update. Construction industry in Belgium expected to see average net income growth of 10% next year. Consensus price target of €170 unchanged from last update. Share price was steady at €154 over the past week.모든 업데이트 보기Recent updates내러티브 업데이트 • Jun 25ACKB: Future Returns Will Reflect Higher Multiple And Adjusted Profitability AssumptionsAnalysts have raised their Ackermans & Van Haaren price target slightly to about €304 from roughly €296. This reflects updated assumptions on the discount rate, profit margin and future P/E that together indicate a modestly higher fair value estimate.내러티브 업데이트 • Jun 05ACKB: Future Returns Will Reflect Raised Price Outlook And Updated Risk ProfileAnalysts have lifted their price target for Ackermans & Van Haaren to €330 from €289, reflecting updated views on the stock's earnings profile and valuation assumptions. What's in the News The analyst price target for Ackermans & Van Haaren has been raised to €330 from €289, reflecting updated earnings assumptions and a revised valuation framework.공시 • Jun 03Ackermans & Van Haaren NV to Report Fiscal Year 2026 Final Results on Mar 31, 2027Ackermans & Van Haaren NV announced that they will report fiscal year 2026 final results on Mar 31, 2027공시 • Jun 02+ 1 more updateAckermans & Van Haaren NV to Report Fiscal Year 2026 Results on Feb 26, 2027Ackermans & Van Haaren NV announced that they will report fiscal year 2026 results on Feb 26, 2027Buy Or Sell Opportunity • May 19Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at €277. The fair value is estimated to be €349, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 4.7%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings are also forecast to grow by 4.7% per annum over the same time period.내러티브 업데이트 • May 17ACKB: Future Returns Will Reflect Updated Risk Profile And P E AssumptionsAnalysts have raised their price target on Ackermans & Van Haaren to €330 from €289, citing updated views on the stock's risk profile, earnings outlook and P/E assumptions. Analyst Commentary Bullish Takeaways Bullish analysts see the move to a €330 price target as better aligning the stock with their updated P/E assumptions, suggesting the current valuation may not fully reflect their earnings expectations.공시 • Apr 24Ackermans & Van Haaren NV, Annual General Meeting, May 26, 2026Ackermans & Van Haaren NV, Annual General Meeting, May 26, 2026, at 14:00 Romance Standard Time.내러티브 업데이트 • Apr 23ACKB: Future Returns Will Rely On P/E Support And Risk AssumptionsAnalysts have lifted their price target on Ackermans & Van Haaren to €330 from €289, reflecting updated views on risk, growth and expected P/E that keep the stock aligned with their broader investment case. Analyst Commentary Bullish Takeaways Bullish analysts see the higher €330 price target as better aligned with their current assumptions on risk, growth and P/E, which they view as still coherent with the existing investment case.내러티브 업데이트 • Apr 08ACKB: Future Returns Will Rely On P/E Support And Margin ResilienceAckermans & Van Haaren's analyst price target has been revised to €330 from €289. Analysts point to updated assumptions on fair value, discount rate and future P/E as key drivers of the adjustment.Reported Earnings • Apr 01Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: €18.14 (up from €14.07 in FY 2024). Revenue: €5.96b (down 1.4% from FY 2024). Net income: €592.5m (up 29% from FY 2024). Profit margin: 9.9% (up from 7.6% in FY 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.내러티브 업데이트 • Mar 25ACKB: Future Upside Will Depend On Sustained Margins And Earnings PowerAnalysts have raised their price target on Ackermans & Van Haaren to €330 from €289, reflecting updated views on the stock's valuation drivers and risk profile. Analyst Commentary Bullish analysts are signaling a more constructive stance on Ackermans & Van Haaren, which is reflected in the higher price target of €330 compared with the previous €289 level.내러티브 업데이트 • Mar 09ACKB: Fair Outlook Will Rely On Margins And Revenue AssumptionsThe average analyst price target for Ackermans & Van Haaren has been adjusted from €277.71 to €291.86, with analysts citing updated assumptions around revenue growth, profit margins and forward P/E as key factors behind the change. Valuation Changes Fair Value: updated from €277.71 to €291.86, a modest upward adjustment in the modelled estimate.Reported Earnings • Mar 02Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: €18.14 (up from €14.07 in FY 2024). Revenue: €5.96b (down 1.4% from FY 2024). Net income: €592.5m (up 29% from FY 2024). Profit margin: 9.9% (up from 7.6% in FY 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%. Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • Mar 02Now 20% undervaluedOver the last 90 days, the stock has risen 33% to €291. The fair value is estimated to be €365, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 4.7%. Revenue is forecast to grow by 6.8% in 2 years. Earnings are forecast to grow by 11% in the next 2 years.내러티브 업데이트 • Feb 23ACKB: Fair Outlook Will Depend On Margins And Assumed Revenue ExpansionAnalysts have lifted their price target on Ackermans & Van Haaren from €263.43 to €277.71, citing updated assumptions on revenue growth, profit margins and future P/E that point to a slightly higher fair value under a similar discount rate. Valuation Changes Fair Value: updated from €263.43 to €277.71, representing a modest uplift in the modelled estimate.내러티브 업데이트 • Feb 08ACKB: Fair Outlook Will Rely On Stable Margins And Slight Multiple AdjustmentAnalysts have kept their fair value estimate for Ackermans & Van Haaren steady at €263.43, with only marginal tweaks to assumptions such as the discount rate and future P/E. This reflects a broadly unchanged view of the company’s risk and earnings profile.분석 기사 • Jan 28There's Been No Shortage Of Growth Recently For Ackermans & Van Haaren's (EBR:ACKB) Returns On CapitalWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...내러티브 업데이트 • Jan 24ACKB: Steady Outlook Will Rely On Stable Margins And Modest Multiple ShiftAckermans & Van Haaren's analyst price target has been nudged higher, with fair value estimates moving from €254.83 to €263.43 as analysts factor in a slightly higher assumed future P/E and modest tweaks to the discount rate, long term margin, and growth inputs. Valuation Changes Fair Value: updated from €254.83 to €263.43, reflecting a modest uplift in the modelled estimate.내러티브 업데이트 • Jan 09ACKB: Steady Fair Value And Minor Assumption Tweaks Will Shape OutlookAnalysts have kept their fair value estimate for Ackermans & Van Haaren steady at €254.83, indicating only minor adjustments in discount rate, revenue growth, profit margin and future P/E assumptions rather than a change in overall conviction. Valuation Changes Fair Value Estimate: Held steady at €254.83 per share, with no change between the previous and updated assessment.분석 기사 • Jan 07Ackermans & Van Haaren NV (EBR:ACKB) Shares Could Be 33% Below Their Intrinsic Value EstimateKey Insights Using the 2 Stage Free Cash Flow to Equity, Ackermans & Van Haaren fair value estimate is €353 Ackermans...내러티브 업데이트 • Dec 14ACKB: Modest Discount Rate Shift Will Support Future Earnings StrengthAnalysts have modestly raised their price target on Ackermans & Van Haaren to €254.83, reflecting slightly lower discount rate assumptions while keeping long term growth and profitability expectations broadly unchanged. Valuation Changes Fair Value: Unchanged at approximately €254.83 per share, indicating no revision to the central valuation outcome.분석 기사 • Dec 05Ackermans & Van Haaren NV's (EBR:ACKB) Business Is Trailing The Market But Its Shares Aren'tThere wouldn't be many who think Ackermans & Van Haaren NV's ( EBR:ACKB ) price-to-earnings (or "P/E") ratio of 13.9x...내러티브 업데이트 • Nov 29ACKB: Future Earnings Strength Will Support Fair Value EstimateAnalysts have modestly adjusted their price target for Ackermans & Van Haaren, maintaining a fair value estimate of €254.83 as incremental shifts in discount rate and forward earnings expectations balance with softer revenue growth projections. Valuation Changes Fair Value Estimate remains unchanged at €254.83 per share.내러티브 업데이트 • Nov 15ACKB: Net Profit Set To Climb At Least 15% In 2025Analysts have raised their price target for Ackermans & Van Haaren from €253 to approximately €254.83. This change is attributed to a marginal increase in fair value, updated profit margin forecasts, and a slightly higher expected future price-to-earnings ratio.내러티브 업데이트 • Nov 01ACKB: Net Profit Set To Increase At Least 15% In 2025 GuidanceAnalysts have reaffirmed their price target for Ackermans & Van Haaren at €253, citing minimal adjustments in their key financial assumptions and market outlook. What's in the News Ackermans & Van Haaren has issued earnings guidance for 2025 and projects a net profit increase of at least 15% (Company Guidance).내러티브 업데이트 • Oct 18Delen Private Bank And DEME Will Forge Future Investment OpportunitiesAnalysts have reiterated their price target for Ackermans & Van Haaren at €253.00. They cite largely unchanged revenue growth and profit margin forecasts as supporting factors for maintaining their fair value estimate.분석 기사 • Oct 16Ackermans & Van Haaren (EBR:ACKB) Is Doing The Right Things To Multiply Its Share PriceWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...내러티브 업데이트 • Oct 04Delen Private Bank And DEME Will Forge Future Investment OpportunitiesAnalysts have raised their price target for Ackermans & Van Haaren from €244.67 to €253.00. This change reflects improved expectations for revenue growth and future valuation multiples, even though only minor adjustments were made to profitability forecasts.Price Target Changed • Oct 01Price target increased by 7.8% to €253Up from €235, the current price target is an average from 6 analysts. New target price is 12% above last closing price of €225. Stock is up 20% over the past year. The company is forecast to post earnings per share of €17.15 for next year compared to €14.07 last year.분석 기사 • Sep 26These 4 Measures Indicate That Ackermans & Van Haaren (EBR:ACKB) Is Using Debt Reasonably WellHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...공시 • Sep 03+ 4 more updatesAckermans & Van Haaren NV to Report Fiscal Year 2025 Results on Feb 27, 2026Ackermans & Van Haaren NV announced that they will report fiscal year 2025 results on Feb 27, 2026Reported Earnings • Sep 01First half 2025 earnings released: EPS: €8.36 (vs €6.13 in 1H 2024)First half 2025 results: EPS: €8.36 (up from €6.13 in 1H 2024). Revenue: €3.03b (up 5.1% from 1H 2024). Net income: €273.2m (up 36% from 1H 2024). Profit margin: 9.0% (up from 6.9% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.8% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.내러티브 업데이트 • Aug 30Delen Private Bank And DEME Will Forge Future Investment OpportunitiesThe upward revision in Ackermans & Van Haaren’s price target is primarily driven by improved consensus forecasts for both revenue growth and net profit margin, raising the fair value estimate from €234.67 to €244.67. What's in the News Ackermans & Van Haaren expects net profit to increase by at least 15% for 2025.공시 • Aug 29Ackermans & Van Haaren NV Provides Earnings Guidance for the Year 2025Ackermans & Van Haaren NV provided earnings guidance for the year 2025. For the year, the company expects net profit to increase by at least 15%.분석 기사 • Aug 05Ackermans & Van Haaren NV (EBR:ACKB) Investors Are Less Pessimistic Than ExpectedWith a median price-to-earnings (or "P/E") ratio of close to 15x in Belgium, you could be forgiven for feeling...Buy Or Sell Opportunity • Jun 13Now 20% undervaluedOver the last 90 days, the stock has risen 13% to €222. The fair value is estimated to be €279, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 5.9%. For the next 3 years, revenue is forecast to grow by 0.6% per annum. Earnings are also forecast to grow by 7.7% per annum over the same time period.Declared Dividend • May 28Dividend of €2.66 announcedShareholders will receive a dividend of €2.66. Ex-date: 29th May 2025 Payment date: 2nd June 2025 Dividend yield will be 1.2%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 7.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • May 27Ackermans & Van Haaren NV announces Annual dividend, payable on June 02, 2025Ackermans & Van Haaren NV announced Annual dividend of EUR 2.6600 per share payable on June 02, 2025, ex-date on May 29, 2025 and record date on May 30, 2025.Buy Or Sell Opportunity • May 22Now 20% undervaluedOver the last 90 days, the stock has risen 18% to €232. The fair value is estimated to be €290, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 5.9%. For the next 3 years, revenue is forecast to grow by 0.6% per annum. Earnings are also forecast to grow by 7.4% per annum over the same time period.새로운 내러티브 • Apr 06Delen Private Bank And DEME Will Forge Future Investment Opportunities Strong growth and collaboration in financial services suggest sustained revenue increases and enhanced banking operations. Reported Earnings • Apr 01Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: €14.07 (up from €12.13 in FY 2023). Revenue: €6.04b (up 16% from FY 2023). Net income: €459.9m (up 15% from FY 2023). Profit margin: 7.6% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.9%. Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.공시 • Mar 03Ackermans & Van Haaren NV, Annual General Meeting, May 26, 2025Ackermans & Van Haaren NV, Annual General Meeting, May 26, 2025.Buy Or Sell Opportunity • Jan 17Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 1.2% to €193. The fair value is estimated to be €159, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 4.9%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 26% in the next 2 years.공시 • Nov 28Ackermans & Van Haaren NV to Report Fiscal Year 2024 Final Results on Mar 31, 2025Ackermans & Van Haaren NV announced that they will report fiscal year 2024 final results at 12:00 PM, Central European Standard Time on Mar 31, 2025공시 • Nov 22+ 3 more updatesAckermans & Van Haaren NV to Report First Half, 2025 Results on Aug 29, 2025Ackermans & Van Haaren NV announced that they will report first half, 2025 results on Aug 29, 2025공시 • Sep 20STAR Capital Partnership LLP, Ackermans & Van Haaren NV (ENXTBR:ACKB) and others Investors completed the acquisition of Vouvray Acquisition Limited from Advent International, L.P.STAR Capital Partnership LLP, Ackermans & Van Haaren NV (ENXTBR:ACKB) and others Investors entered into an agreement to acquire Vouvray Acquisition Limited from Advent International, L.P. on June 17, 2024. As part of the acquisition, AvH will hold 33.3% of V.Group for an equity investment of $150 million. STAR will lead a consortium of investors including Ackermans & van Haaren (Euronext: ACKB) and others to partner with V.Group’s management team. The transaction is subject to regulatory approvals and is expected to close in in early autumn 2024. Dan Clarke, Vincent Bergin, Adrian Maguire, Leon Daoud, Christopher Shield, Mavnick Nerwal, Alasdair Balfour of Kirkland & Ellis International LLP acted as sell-side legal advisor to Advent International, L.P. Ben Mercer of Stephenson Harwood LLP acted as legal advisor to Advent International and Vouvray Acquisition Limited in the transaction. Jefferies LLC served as financial advisor to Vouvray Acquisition. Stuart Brinkworth, Tim Nosworthy, Christian Higham, Kitty Swanson, Daniel Vowden, Jessica Kolhorn, David Prince, Chris Fisher, Ruth Neligan, Stephen Moi, ason Hungerford, Daniel Vowden, Mark Hills, Chris Chapman, Musonda Kapotwe, Iain Roberts, Tim Baines, Mark Prinsley, Tamar Ruiz and Tarun Patel of Mayer Brown International LLP acted as legal advisor to STAR Capital Partnership LLP. STAR Capital Partnership LLP, Ackermans & Van Haaren NV (ENXTBR:ACKB) and others Investors completed the acquisition of Vouvray Acquisition Limited from Advent International, L.P. on September 18, 2024. The deal was completed upon the successful completion of all regulatory consents.Reported Earnings • Sep 02First half 2024 earnings released: EPS: €6.13 (vs €5.16 in 1H 2023)First half 2024 results: EPS: €6.13 (up from €5.16 in 1H 2023). Revenue: €2.89b (up 19% from 1H 2023). Net income: €200.4m (up 17% from 1H 2023). Profit margin: 6.9% (down from 7.0% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year.Price Target Changed • Aug 30Price target increased by 11% to €198Up from €178, the current price target is an average from 5 analysts. New target price is 15% above last closing price of €173. Stock is up 20% over the past year. The company is forecast to post earnings per share of €13.77 for next year compared to €12.13 last year.공시 • Jun 18STAR Capital Partnership LLP, Ackermans & Van Haaren NV (ENXTBR:ACKB) and and others Investors entered into an agreement to acquire Vouvray Acquisition Limited from Advent International, L.P.STAR Capital Partnership LLP, Ackermans & Van Haaren NV (ENXTBR:ACKB) and others Investors entered into an agreement to acquire Vouvray Acquisition Limited from Advent International, L.P. on June 17, 2024. As part of the acquisition, AvH will hold 33.3% of V.Group for an equity investment of $150 million. STAR will lead a consortium of investors including Ackermans & van Haaren (Euronext: ACKB) and others to partner with V.Group’s management team. The transaction is subject to regulatory approvals and is expected to close in in early autumn 2024.공시 • May 29Ackermans & Van Haaren NV Approves Gross DividendAckermans & Van Haaren NV at its General Shareholder Meeting of May 27, 2024 approved a gross dividend of 3.40 euros per share.공시 • May 26Ackermans & Van Haaren Nv Provides Earnings Guidance for Year 2024Ackermans & Van Haaren NV provided earnings guidance for year 2024. For the period company expects net profit to be higher than last year.Upcoming Dividend • May 23Upcoming dividend of €2.38 per shareEligible shareholders must have bought the stock before 30 May 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Belgian dividend payers (6.7%). Lower than average of industry peers (3.9%).Declared Dividend • Apr 19Dividend of €2.38 announcedShareholders will receive a dividend of €2.38. Ex-date: 30th May 2024 Payment date: 3rd June 2024 Dividend yield will be 1.5%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (28% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 30% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Board Change • Apr 08Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent non-executive director Frank Van Lierde was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 03Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: €12.13 (down from €21.30 in FY 2022). Revenue: €5.22b (up 19% from FY 2022). Net income: €399.2m (down 43% from FY 2022). Profit margin: 7.6% (down from 16% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 8.6%. Earnings per share (EPS) also surpassed analyst estimates by 5.3%. Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Reported Earnings • Sep 03First half 2023 earnings released: EPS: €5.16 (vs €8.31 in 1H 2022)First half 2023 results: EPS: €5.16 (down from €8.31 in 1H 2022). Revenue: €2.43b (up 14% from 1H 2022). Net income: €170.7m (down 38% from 1H 2022). Profit margin: 7.0% (down from 13% in 1H 2022). Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Jun 09Consensus revenue estimates increase by 152%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €1.91b to €4.81b. EPS estimate unchanged from €11.51 at last update. Construction industry in Belgium expected to see average net income growth of 10% next year. Consensus price target of €170 unchanged from last update. Share price was steady at €154 over the past week.공시 • Jun 07+ 5 more updatesAckermans & Van Haaren NV to Report Fiscal Year 2023 Results on Feb 29, 2024Ackermans & Van Haaren NV announced that they will report fiscal year 2023 results on Feb 29, 2024Upcoming Dividend • May 22Upcoming dividend of €2.17 per share at 1.9% yieldEligible shareholders must have bought the stock before 29 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Belgian dividend payers (6.9%). Lower than average of industry peers (3.6%).이익 및 매출 성장 예측ENXTBR:ACKB - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20286,4126739481,286212/31/20276,2036459041,234212/31/20266,2186207141,033312/31/20255,9625935361,005N/A9/30/20256,0765637361,112N/A6/30/20256,1915339371,218N/A3/31/20256,1174961,0181,314N/A12/31/20246,0434601,1001,410N/A9/30/20245,8614448541,199N/A6/30/20245,679429607988N/A3/31/20245,450414396803N/A12/31/20235,222399185619N/A9/30/20234,959500150621N/A6/30/20234,697601116622N/A3/31/20234,549653159669N/A12/31/20224,401706202717N/A9/30/20224,446611286747N/A6/30/20224,491517369777N/A3/31/20224,394462416779N/A12/31/20214,297407463782N/A9/30/20214,181373495779N/A6/30/20214,064339528776N/A3/31/20213,987285439682N/A12/31/20203,910230350587N/A9/30/20203,889234202501N/A6/30/20203,86923854414N/A3/31/20204,07031768499N/A12/31/20194,27039582585N/A9/30/20194,334393N/A612N/A6/30/20194,398391N/A640N/A3/31/20194,435340N/A534N/A12/31/20184,472290N/A428N/A9/30/20184,402285N/A425N/A6/30/20184,333281N/A422N/A3/31/20184,149292N/A485N/A12/31/20173,965303N/A549N/A9/30/20173,938288N/A636N/A6/30/20173,910273N/A723N/A3/31/20173,785249N/A691N/A12/31/20163,659224N/A658N/A9/30/20163,639217N/A566N/A6/30/20163,620210N/A474N/A3/31/20163,819248N/A444N/A12/31/20154,019285N/A414N/A9/30/20154,041281N/AN/AN/A더 보기애널리스트 향후 성장 전망수입 대 저축률: ACKB 의 연간 예상 수익 증가율(3.1%)이 saving rate(2.4%)보다 높습니다.수익 vs 시장: ACKB 의 연간 수익(3.1%)이 Belgian 시장(13.7%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: ACKB 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: ACKB 의 수익(연간 2.2%)이 Belgian 시장(연간 7.4%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: ACKB 의 수익(연간 2.2%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: ACKB의 자본 수익률은 3년 후 9.9%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/10 16:42종가2026/07/10 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Ackermans & Van Haaren NV는 9명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Grégoire HermannBerenbergMourad LahmidiBNP ParibasJoren Van AkenDegroof Petercam6명의 분석가 더 보기
Price Target Changed • Oct 01Price target increased by 7.8% to €253Up from €235, the current price target is an average from 6 analysts. New target price is 12% above last closing price of €225. Stock is up 20% over the past year. The company is forecast to post earnings per share of €17.15 for next year compared to €14.07 last year.
공시 • Aug 29Ackermans & Van Haaren NV Provides Earnings Guidance for the Year 2025Ackermans & Van Haaren NV provided earnings guidance for the year 2025. For the year, the company expects net profit to increase by at least 15%.
Price Target Changed • Aug 30Price target increased by 11% to €198Up from €178, the current price target is an average from 5 analysts. New target price is 15% above last closing price of €173. Stock is up 20% over the past year. The company is forecast to post earnings per share of €13.77 for next year compared to €12.13 last year.
공시 • May 26Ackermans & Van Haaren Nv Provides Earnings Guidance for Year 2024Ackermans & Van Haaren NV provided earnings guidance for year 2024. For the period company expects net profit to be higher than last year.
Major Estimate Revision • Jun 09Consensus revenue estimates increase by 152%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €1.91b to €4.81b. EPS estimate unchanged from €11.51 at last update. Construction industry in Belgium expected to see average net income growth of 10% next year. Consensus price target of €170 unchanged from last update. Share price was steady at €154 over the past week.
내러티브 업데이트 • Jun 25ACKB: Future Returns Will Reflect Higher Multiple And Adjusted Profitability AssumptionsAnalysts have raised their Ackermans & Van Haaren price target slightly to about €304 from roughly €296. This reflects updated assumptions on the discount rate, profit margin and future P/E that together indicate a modestly higher fair value estimate.
내러티브 업데이트 • Jun 05ACKB: Future Returns Will Reflect Raised Price Outlook And Updated Risk ProfileAnalysts have lifted their price target for Ackermans & Van Haaren to €330 from €289, reflecting updated views on the stock's earnings profile and valuation assumptions. What's in the News The analyst price target for Ackermans & Van Haaren has been raised to €330 from €289, reflecting updated earnings assumptions and a revised valuation framework.
공시 • Jun 03Ackermans & Van Haaren NV to Report Fiscal Year 2026 Final Results on Mar 31, 2027Ackermans & Van Haaren NV announced that they will report fiscal year 2026 final results on Mar 31, 2027
공시 • Jun 02+ 1 more updateAckermans & Van Haaren NV to Report Fiscal Year 2026 Results on Feb 26, 2027Ackermans & Van Haaren NV announced that they will report fiscal year 2026 results on Feb 26, 2027
Buy Or Sell Opportunity • May 19Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at €277. The fair value is estimated to be €349, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 4.7%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings are also forecast to grow by 4.7% per annum over the same time period.
내러티브 업데이트 • May 17ACKB: Future Returns Will Reflect Updated Risk Profile And P E AssumptionsAnalysts have raised their price target on Ackermans & Van Haaren to €330 from €289, citing updated views on the stock's risk profile, earnings outlook and P/E assumptions. Analyst Commentary Bullish Takeaways Bullish analysts see the move to a €330 price target as better aligning the stock with their updated P/E assumptions, suggesting the current valuation may not fully reflect their earnings expectations.
공시 • Apr 24Ackermans & Van Haaren NV, Annual General Meeting, May 26, 2026Ackermans & Van Haaren NV, Annual General Meeting, May 26, 2026, at 14:00 Romance Standard Time.
내러티브 업데이트 • Apr 23ACKB: Future Returns Will Rely On P/E Support And Risk AssumptionsAnalysts have lifted their price target on Ackermans & Van Haaren to €330 from €289, reflecting updated views on risk, growth and expected P/E that keep the stock aligned with their broader investment case. Analyst Commentary Bullish Takeaways Bullish analysts see the higher €330 price target as better aligned with their current assumptions on risk, growth and P/E, which they view as still coherent with the existing investment case.
내러티브 업데이트 • Apr 08ACKB: Future Returns Will Rely On P/E Support And Margin ResilienceAckermans & Van Haaren's analyst price target has been revised to €330 from €289. Analysts point to updated assumptions on fair value, discount rate and future P/E as key drivers of the adjustment.
Reported Earnings • Apr 01Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: €18.14 (up from €14.07 in FY 2024). Revenue: €5.96b (down 1.4% from FY 2024). Net income: €592.5m (up 29% from FY 2024). Profit margin: 9.9% (up from 7.6% in FY 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.
내러티브 업데이트 • Mar 25ACKB: Future Upside Will Depend On Sustained Margins And Earnings PowerAnalysts have raised their price target on Ackermans & Van Haaren to €330 from €289, reflecting updated views on the stock's valuation drivers and risk profile. Analyst Commentary Bullish analysts are signaling a more constructive stance on Ackermans & Van Haaren, which is reflected in the higher price target of €330 compared with the previous €289 level.
내러티브 업데이트 • Mar 09ACKB: Fair Outlook Will Rely On Margins And Revenue AssumptionsThe average analyst price target for Ackermans & Van Haaren has been adjusted from €277.71 to €291.86, with analysts citing updated assumptions around revenue growth, profit margins and forward P/E as key factors behind the change. Valuation Changes Fair Value: updated from €277.71 to €291.86, a modest upward adjustment in the modelled estimate.
Reported Earnings • Mar 02Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: €18.14 (up from €14.07 in FY 2024). Revenue: €5.96b (down 1.4% from FY 2024). Net income: €592.5m (up 29% from FY 2024). Profit margin: 9.9% (up from 7.6% in FY 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%. Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Mar 02Now 20% undervaluedOver the last 90 days, the stock has risen 33% to €291. The fair value is estimated to be €365, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 4.7%. Revenue is forecast to grow by 6.8% in 2 years. Earnings are forecast to grow by 11% in the next 2 years.
내러티브 업데이트 • Feb 23ACKB: Fair Outlook Will Depend On Margins And Assumed Revenue ExpansionAnalysts have lifted their price target on Ackermans & Van Haaren from €263.43 to €277.71, citing updated assumptions on revenue growth, profit margins and future P/E that point to a slightly higher fair value under a similar discount rate. Valuation Changes Fair Value: updated from €263.43 to €277.71, representing a modest uplift in the modelled estimate.
내러티브 업데이트 • Feb 08ACKB: Fair Outlook Will Rely On Stable Margins And Slight Multiple AdjustmentAnalysts have kept their fair value estimate for Ackermans & Van Haaren steady at €263.43, with only marginal tweaks to assumptions such as the discount rate and future P/E. This reflects a broadly unchanged view of the company’s risk and earnings profile.
분석 기사 • Jan 28There's Been No Shortage Of Growth Recently For Ackermans & Van Haaren's (EBR:ACKB) Returns On CapitalWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...
내러티브 업데이트 • Jan 24ACKB: Steady Outlook Will Rely On Stable Margins And Modest Multiple ShiftAckermans & Van Haaren's analyst price target has been nudged higher, with fair value estimates moving from €254.83 to €263.43 as analysts factor in a slightly higher assumed future P/E and modest tweaks to the discount rate, long term margin, and growth inputs. Valuation Changes Fair Value: updated from €254.83 to €263.43, reflecting a modest uplift in the modelled estimate.
내러티브 업데이트 • Jan 09ACKB: Steady Fair Value And Minor Assumption Tweaks Will Shape OutlookAnalysts have kept their fair value estimate for Ackermans & Van Haaren steady at €254.83, indicating only minor adjustments in discount rate, revenue growth, profit margin and future P/E assumptions rather than a change in overall conviction. Valuation Changes Fair Value Estimate: Held steady at €254.83 per share, with no change between the previous and updated assessment.
분석 기사 • Jan 07Ackermans & Van Haaren NV (EBR:ACKB) Shares Could Be 33% Below Their Intrinsic Value EstimateKey Insights Using the 2 Stage Free Cash Flow to Equity, Ackermans & Van Haaren fair value estimate is €353 Ackermans...
내러티브 업데이트 • Dec 14ACKB: Modest Discount Rate Shift Will Support Future Earnings StrengthAnalysts have modestly raised their price target on Ackermans & Van Haaren to €254.83, reflecting slightly lower discount rate assumptions while keeping long term growth and profitability expectations broadly unchanged. Valuation Changes Fair Value: Unchanged at approximately €254.83 per share, indicating no revision to the central valuation outcome.
분석 기사 • Dec 05Ackermans & Van Haaren NV's (EBR:ACKB) Business Is Trailing The Market But Its Shares Aren'tThere wouldn't be many who think Ackermans & Van Haaren NV's ( EBR:ACKB ) price-to-earnings (or "P/E") ratio of 13.9x...
내러티브 업데이트 • Nov 29ACKB: Future Earnings Strength Will Support Fair Value EstimateAnalysts have modestly adjusted their price target for Ackermans & Van Haaren, maintaining a fair value estimate of €254.83 as incremental shifts in discount rate and forward earnings expectations balance with softer revenue growth projections. Valuation Changes Fair Value Estimate remains unchanged at €254.83 per share.
내러티브 업데이트 • Nov 15ACKB: Net Profit Set To Climb At Least 15% In 2025Analysts have raised their price target for Ackermans & Van Haaren from €253 to approximately €254.83. This change is attributed to a marginal increase in fair value, updated profit margin forecasts, and a slightly higher expected future price-to-earnings ratio.
내러티브 업데이트 • Nov 01ACKB: Net Profit Set To Increase At Least 15% In 2025 GuidanceAnalysts have reaffirmed their price target for Ackermans & Van Haaren at €253, citing minimal adjustments in their key financial assumptions and market outlook. What's in the News Ackermans & Van Haaren has issued earnings guidance for 2025 and projects a net profit increase of at least 15% (Company Guidance).
내러티브 업데이트 • Oct 18Delen Private Bank And DEME Will Forge Future Investment OpportunitiesAnalysts have reiterated their price target for Ackermans & Van Haaren at €253.00. They cite largely unchanged revenue growth and profit margin forecasts as supporting factors for maintaining their fair value estimate.
분석 기사 • Oct 16Ackermans & Van Haaren (EBR:ACKB) Is Doing The Right Things To Multiply Its Share PriceWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...
내러티브 업데이트 • Oct 04Delen Private Bank And DEME Will Forge Future Investment OpportunitiesAnalysts have raised their price target for Ackermans & Van Haaren from €244.67 to €253.00. This change reflects improved expectations for revenue growth and future valuation multiples, even though only minor adjustments were made to profitability forecasts.
Price Target Changed • Oct 01Price target increased by 7.8% to €253Up from €235, the current price target is an average from 6 analysts. New target price is 12% above last closing price of €225. Stock is up 20% over the past year. The company is forecast to post earnings per share of €17.15 for next year compared to €14.07 last year.
분석 기사 • Sep 26These 4 Measures Indicate That Ackermans & Van Haaren (EBR:ACKB) Is Using Debt Reasonably WellHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
공시 • Sep 03+ 4 more updatesAckermans & Van Haaren NV to Report Fiscal Year 2025 Results on Feb 27, 2026Ackermans & Van Haaren NV announced that they will report fiscal year 2025 results on Feb 27, 2026
Reported Earnings • Sep 01First half 2025 earnings released: EPS: €8.36 (vs €6.13 in 1H 2024)First half 2025 results: EPS: €8.36 (up from €6.13 in 1H 2024). Revenue: €3.03b (up 5.1% from 1H 2024). Net income: €273.2m (up 36% from 1H 2024). Profit margin: 9.0% (up from 6.9% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.8% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
내러티브 업데이트 • Aug 30Delen Private Bank And DEME Will Forge Future Investment OpportunitiesThe upward revision in Ackermans & Van Haaren’s price target is primarily driven by improved consensus forecasts for both revenue growth and net profit margin, raising the fair value estimate from €234.67 to €244.67. What's in the News Ackermans & Van Haaren expects net profit to increase by at least 15% for 2025.
공시 • Aug 29Ackermans & Van Haaren NV Provides Earnings Guidance for the Year 2025Ackermans & Van Haaren NV provided earnings guidance for the year 2025. For the year, the company expects net profit to increase by at least 15%.
분석 기사 • Aug 05Ackermans & Van Haaren NV (EBR:ACKB) Investors Are Less Pessimistic Than ExpectedWith a median price-to-earnings (or "P/E") ratio of close to 15x in Belgium, you could be forgiven for feeling...
Buy Or Sell Opportunity • Jun 13Now 20% undervaluedOver the last 90 days, the stock has risen 13% to €222. The fair value is estimated to be €279, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 5.9%. For the next 3 years, revenue is forecast to grow by 0.6% per annum. Earnings are also forecast to grow by 7.7% per annum over the same time period.
Declared Dividend • May 28Dividend of €2.66 announcedShareholders will receive a dividend of €2.66. Ex-date: 29th May 2025 Payment date: 2nd June 2025 Dividend yield will be 1.2%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 7.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • May 27Ackermans & Van Haaren NV announces Annual dividend, payable on June 02, 2025Ackermans & Van Haaren NV announced Annual dividend of EUR 2.6600 per share payable on June 02, 2025, ex-date on May 29, 2025 and record date on May 30, 2025.
Buy Or Sell Opportunity • May 22Now 20% undervaluedOver the last 90 days, the stock has risen 18% to €232. The fair value is estimated to be €290, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 5.9%. For the next 3 years, revenue is forecast to grow by 0.6% per annum. Earnings are also forecast to grow by 7.4% per annum over the same time period.
새로운 내러티브 • Apr 06Delen Private Bank And DEME Will Forge Future Investment Opportunities Strong growth and collaboration in financial services suggest sustained revenue increases and enhanced banking operations.
Reported Earnings • Apr 01Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: €14.07 (up from €12.13 in FY 2023). Revenue: €6.04b (up 16% from FY 2023). Net income: €459.9m (up 15% from FY 2023). Profit margin: 7.6% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.9%. Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
공시 • Mar 03Ackermans & Van Haaren NV, Annual General Meeting, May 26, 2025Ackermans & Van Haaren NV, Annual General Meeting, May 26, 2025.
Buy Or Sell Opportunity • Jan 17Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 1.2% to €193. The fair value is estimated to be €159, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 4.9%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 26% in the next 2 years.
공시 • Nov 28Ackermans & Van Haaren NV to Report Fiscal Year 2024 Final Results on Mar 31, 2025Ackermans & Van Haaren NV announced that they will report fiscal year 2024 final results at 12:00 PM, Central European Standard Time on Mar 31, 2025
공시 • Nov 22+ 3 more updatesAckermans & Van Haaren NV to Report First Half, 2025 Results on Aug 29, 2025Ackermans & Van Haaren NV announced that they will report first half, 2025 results on Aug 29, 2025
공시 • Sep 20STAR Capital Partnership LLP, Ackermans & Van Haaren NV (ENXTBR:ACKB) and others Investors completed the acquisition of Vouvray Acquisition Limited from Advent International, L.P.STAR Capital Partnership LLP, Ackermans & Van Haaren NV (ENXTBR:ACKB) and others Investors entered into an agreement to acquire Vouvray Acquisition Limited from Advent International, L.P. on June 17, 2024. As part of the acquisition, AvH will hold 33.3% of V.Group for an equity investment of $150 million. STAR will lead a consortium of investors including Ackermans & van Haaren (Euronext: ACKB) and others to partner with V.Group’s management team. The transaction is subject to regulatory approvals and is expected to close in in early autumn 2024. Dan Clarke, Vincent Bergin, Adrian Maguire, Leon Daoud, Christopher Shield, Mavnick Nerwal, Alasdair Balfour of Kirkland & Ellis International LLP acted as sell-side legal advisor to Advent International, L.P. Ben Mercer of Stephenson Harwood LLP acted as legal advisor to Advent International and Vouvray Acquisition Limited in the transaction. Jefferies LLC served as financial advisor to Vouvray Acquisition. Stuart Brinkworth, Tim Nosworthy, Christian Higham, Kitty Swanson, Daniel Vowden, Jessica Kolhorn, David Prince, Chris Fisher, Ruth Neligan, Stephen Moi, ason Hungerford, Daniel Vowden, Mark Hills, Chris Chapman, Musonda Kapotwe, Iain Roberts, Tim Baines, Mark Prinsley, Tamar Ruiz and Tarun Patel of Mayer Brown International LLP acted as legal advisor to STAR Capital Partnership LLP. STAR Capital Partnership LLP, Ackermans & Van Haaren NV (ENXTBR:ACKB) and others Investors completed the acquisition of Vouvray Acquisition Limited from Advent International, L.P. on September 18, 2024. The deal was completed upon the successful completion of all regulatory consents.
Reported Earnings • Sep 02First half 2024 earnings released: EPS: €6.13 (vs €5.16 in 1H 2023)First half 2024 results: EPS: €6.13 (up from €5.16 in 1H 2023). Revenue: €2.89b (up 19% from 1H 2023). Net income: €200.4m (up 17% from 1H 2023). Profit margin: 6.9% (down from 7.0% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year.
Price Target Changed • Aug 30Price target increased by 11% to €198Up from €178, the current price target is an average from 5 analysts. New target price is 15% above last closing price of €173. Stock is up 20% over the past year. The company is forecast to post earnings per share of €13.77 for next year compared to €12.13 last year.
공시 • Jun 18STAR Capital Partnership LLP, Ackermans & Van Haaren NV (ENXTBR:ACKB) and and others Investors entered into an agreement to acquire Vouvray Acquisition Limited from Advent International, L.P.STAR Capital Partnership LLP, Ackermans & Van Haaren NV (ENXTBR:ACKB) and others Investors entered into an agreement to acquire Vouvray Acquisition Limited from Advent International, L.P. on June 17, 2024. As part of the acquisition, AvH will hold 33.3% of V.Group for an equity investment of $150 million. STAR will lead a consortium of investors including Ackermans & van Haaren (Euronext: ACKB) and others to partner with V.Group’s management team. The transaction is subject to regulatory approvals and is expected to close in in early autumn 2024.
공시 • May 29Ackermans & Van Haaren NV Approves Gross DividendAckermans & Van Haaren NV at its General Shareholder Meeting of May 27, 2024 approved a gross dividend of 3.40 euros per share.
공시 • May 26Ackermans & Van Haaren Nv Provides Earnings Guidance for Year 2024Ackermans & Van Haaren NV provided earnings guidance for year 2024. For the period company expects net profit to be higher than last year.
Upcoming Dividend • May 23Upcoming dividend of €2.38 per shareEligible shareholders must have bought the stock before 30 May 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Belgian dividend payers (6.7%). Lower than average of industry peers (3.9%).
Declared Dividend • Apr 19Dividend of €2.38 announcedShareholders will receive a dividend of €2.38. Ex-date: 30th May 2024 Payment date: 3rd June 2024 Dividend yield will be 1.5%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (28% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 30% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Board Change • Apr 08Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent non-executive director Frank Van Lierde was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 03Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: €12.13 (down from €21.30 in FY 2022). Revenue: €5.22b (up 19% from FY 2022). Net income: €399.2m (down 43% from FY 2022). Profit margin: 7.6% (down from 16% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 8.6%. Earnings per share (EPS) also surpassed analyst estimates by 5.3%. Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Sep 03First half 2023 earnings released: EPS: €5.16 (vs €8.31 in 1H 2022)First half 2023 results: EPS: €5.16 (down from €8.31 in 1H 2022). Revenue: €2.43b (up 14% from 1H 2022). Net income: €170.7m (down 38% from 1H 2022). Profit margin: 7.0% (down from 13% in 1H 2022). Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Jun 09Consensus revenue estimates increase by 152%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €1.91b to €4.81b. EPS estimate unchanged from €11.51 at last update. Construction industry in Belgium expected to see average net income growth of 10% next year. Consensus price target of €170 unchanged from last update. Share price was steady at €154 over the past week.
공시 • Jun 07+ 5 more updatesAckermans & Van Haaren NV to Report Fiscal Year 2023 Results on Feb 29, 2024Ackermans & Van Haaren NV announced that they will report fiscal year 2023 results on Feb 29, 2024
Upcoming Dividend • May 22Upcoming dividend of €2.17 per share at 1.9% yieldEligible shareholders must have bought the stock before 29 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Belgian dividend payers (6.9%). Lower than average of industry peers (3.6%).