Ackermans & Van Haaren NV

ENXTBR:ACKB Stock Report

Market Cap: €5.5b

Ackermans & Van Haaren Valuation

Is ACKB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ACKB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ACKB (€167.1) is trading below our estimate of fair value (€245.23)

Significantly Below Fair Value: ACKB is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for ACKB?

Other financial metrics that can be useful for relative valuation.

ACKB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.4x
Enterprise Value/EBITDA8.8x
PEG Ratio1.5x

Price to Earnings Ratio vs Peers

How does ACKB's PE Ratio compare to its peers?

The above table shows the PE ratio for ACKB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.7x
DEME DEME Group
26.7x16.2%€4.3b
MOUR Moury Construct
10.3xn/a€251.6m
CFEB Compagnie d'Entreprises CFE
8.2x21.2%€186.8m
AZE Azelis Group
25.8x12.1%€4.6b
ACKB Ackermans & Van Haaren
13.7x9.1%€5.5b

Price-To-Earnings vs Peers: ACKB is good value based on its Price-To-Earnings Ratio (13.7x) compared to the peer average (18.5x).


Price to Earnings Ratio vs Industry

How does ACKB's PE Ratio compare vs other companies in the European Construction Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.0%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.0%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: ACKB is expensive based on its Price-To-Earnings Ratio (13.7x) compared to the European Construction industry average (13.7x).


Price to Earnings Ratio vs Fair Ratio

What is ACKB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ACKB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.7x
Fair PE Ratio17.1x

Price-To-Earnings vs Fair Ratio: ACKB is good value based on its Price-To-Earnings Ratio (13.7x) compared to the estimated Fair Price-To-Earnings Ratio (17.1x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ACKB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€167.10
€177.50
+6.2%
10.8%€200.00€150.00n/a4
May ’25€161.50
€180.80
+12.0%
10.2%€200.00€150.00n/a5
Apr ’25€162.00
€180.80
+11.6%
10.2%€200.00€150.00n/a5
Mar ’25€158.30
€180.80
+14.2%
10.2%€200.00€150.00n/a5
Feb ’25€154.60
€181.20
+17.2%
10.0%€200.00€150.00n/a5
Jan ’25€158.80
€181.20
+14.1%
10.0%€200.00€150.00n/a5
Dec ’24€152.30
€181.20
+19.0%
10.0%€200.00€150.00n/a5
Nov ’24€141.00
€181.20
+28.5%
10.0%€200.00€150.00n/a5
Oct ’24€143.10
€181.20
+26.6%
10.0%€200.00€150.00n/a5
Sep ’24€143.80
€179.17
+24.6%
9.6%€200.00€150.00n/a6
Aug ’24€157.40
€177.17
+12.6%
8.6%€194.00€150.00n/a6
Jul ’24€150.80
€175.00
+16.0%
9.1%€194.00€150.00n/a5
Jun ’24€154.20
€175.00
+13.5%
9.1%€194.00€150.00n/a5
May ’24€159.60
€170.25
+6.7%
8.3%€190.00€150.00€161.504
Apr ’24€152.00
€170.25
+12.0%
8.3%€190.00€150.00€162.004
Mar ’24€160.20
€170.25
+6.3%
8.3%€190.00€150.00€158.304
Feb ’24€159.00
€166.75
+4.9%
9.0%€190.00€150.00€154.604
Jan ’24€160.20
€166.75
+4.1%
9.0%€190.00€150.00€158.804
Dec ’23€152.10
€169.80
+11.6%
11.1%€195.00€150.00€152.305
Nov ’23€141.30
€169.80
+20.2%
11.1%€195.00€150.00€141.005
Oct ’23€130.10
€169.80
+30.5%
11.1%€195.00€150.00€143.105
Sep ’23€143.70
€173.25
+20.6%
11.3%€195.00€150.00€143.804
Aug ’23€141.30
€171.25
+21.2%
12.5%€195.00€150.00€157.404
Jul ’23€143.20
€183.00
+27.8%
12.9%€204.00€150.00€150.803
Jun ’23€156.00
€183.00
+17.3%
12.9%€204.00€150.00€154.203
May ’23€170.40
€179.33
+5.2%
12.4%€204.00€150.00€159.603

Analyst Forecast: Target price is less than 20% higher than the current share price.


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