ENXTAM:BAMNBConstruction
Koninklijke BAM Groep (ENXTAM:BAMNB) Stock Looks Cheap After Margin Reset
Koninklijke BAM Groep stock has climbed 5.4% over the past week, yet still sits slightly down over the past month, as investors digest a construction group that now earns more on each euro of sales. The fresh half year numbers highlight a net profit margin of 3.3% and a trailing P/E of 12.6 that sits below both the industry and peer averages. The real story is the valuation gap. A discounted cash flow estimate of €19.74 against a €11.59 share price raises a longer term question about how much...