ENXTBR:ACKB

Stock Analysis Report

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Executive Summary

Ackermans & Van Haaren NV engages in the marine engineering and contracting, private banking, real estate and senior care, and energy and resources businesses worldwide.


Snowflake Analysis

Proven track record with mediocre balance sheet.

Share Price & News

How has Ackermans & Van Haaren's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ACKB has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.6%

ACKB

3.4%

BE Diversified Financial

3.0%

BE Market


1 Year Return

-9.7%

ACKB

-5.1%

BE Diversified Financial

-20.1%

BE Market

Return vs Industry: ACKB underperformed the Belgian Diversified Financial industry which returned -4.5% over the past year.

Return vs Market: ACKB exceeded the Belgian Market which returned -19.2% over the past year.


Shareholder returns

ACKBIndustryMarket
7 Day3.6%3.4%3.0%
30 Day-0.9%1.7%-1.3%
90 Day-0.2%11.1%13.8%
1 Year-9.7%-9.7%-3.1%-5.1%-18.8%-20.1%
3 Year-22.7%-24.4%-12.0%-17.9%-24.0%-28.6%
5 Year-6.5%-10.6%13.3%1.4%-13.1%-22.5%

Price Volatility Vs. Market

How volatile is Ackermans & Van Haaren's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Ackermans & Van Haaren undervalued compared to its fair value and its price relative to the market?

16.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ACKB (€114.4) is trading below our estimate of fair value (€137.46)

Significantly Below Fair Value: ACKB is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ACKB's PE Ratio (9.6x) is in line with the BE Diversified Financial industry average.

PE vs Market: ACKB is good value based on its PE Ratio (9.6x) compared to the Belgian market (14.1x).


Price to Earnings Growth Ratio

PEG Ratio: ACKB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: ACKB is overvalued based on its PB Ratio (1.1x) compared to the BE Diversified Financial industry average (0.9x).


Next Steps

Future Growth

How is Ackermans & Van Haaren forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-14.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ACKB's earnings are forecast to decline over the next 3 years (-14.7% per year).

Earnings vs Market: ACKB's earnings are forecast to decline over the next 3 years (-14.7% per year).

High Growth Earnings: ACKB's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ACKB's revenue (2.3% per year) is forecast to grow slower than the Belgian market (5.4% per year).

High Growth Revenue: ACKB's revenue (2.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ACKB's Return on Equity is forecast to be low in 3 years time (7.1%).


Next Steps

Past Performance

How has Ackermans & Van Haaren performed over the past 5 years?

9.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ACKB has a large one-off gain of €162.4M impacting its December 31 2019 financial results.

Growing Profit Margin: ACKB's current net profit margins (9.2%) are higher than last year (6.5%).


Past Earnings Growth Analysis

Earnings Trend: ACKB's earnings have grown by 9.8% per year over the past 5 years.

Accelerating Growth: ACKB's earnings growth over the past year (36.3%) exceeds its 5-year average (9.8% per year).

Earnings vs Industry: ACKB earnings growth over the past year (36.3%) exceeded the Diversified Financial industry 4%.


Return on Equity

High ROE: ACKB's Return on Equity (11%) is considered low.


Next Steps

Financial Health

How is Ackermans & Van Haaren's financial position?


Financial Position Analysis

Short Term Liabilities: ACKB's short term assets (€4.8B) do not cover its short term liabilities (€7.5B).

Long Term Liabilities: ACKB's short term assets (€4.8B) exceed its long term liabilities (€3.1B).


Debt to Equity History and Analysis

Debt Level: ACKB's debt to equity ratio (56.7%) is considered high.

Reducing Debt: ACKB's debt to equity ratio has increased from 52.5% to 56.7% over the past 5 years.

Debt Coverage: ACKB's debt is well covered by operating cash flow (22.3%).

Interest Coverage: ACKB's interest payments on its debt are well covered by EBIT (8x coverage).


Balance Sheet


Next Steps

Dividend

What is Ackermans & Van Haaren current dividend yield, its reliability and sustainability?

2.08%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ACKB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ACKB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ACKB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ACKB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: ACKB is not paying a notable dividend for the Belgian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ACKB's dividend in 3 years as they are not forecast to pay a notable one for the Belgian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.0yrs

Average management tenure


CEO

Jan Suykens (60 yo)

no data

Tenure

Mr. Jan Suykens has been Chairman of the Executive Committee of Ackermans & van Haaren NV since May 23, 2016 and serves as its Member of the Executive Board and Chief Executive Officer. He serves as a Dire ...


CEO Compensation Analysis

Compensation vs Market: Jan's total compensation ($USD0.00) is below average for companies of similar size in the Belgian market ($USD809.35K).

Compensation vs Earnings: Insufficient data to compare Jan's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Jan Suykens
Chairman of the Executive Committeeno datano datano data
Tom Bamelis
CFO, Financial Director & Member of the Executive Committeeno datano datano data
Piet Dejonghe
Member of the Executive Committeeno datano datano data
Piet Bevernage
Secretary Generalno datano datano data
Koen Janssen
Member of the Executive Committeeno datano datano data
André-Xavier P. L. Cooreman
Member of the Executive Committeeno datano datano data
John-Eric Bertrand
Member of the Executive Committeeno datano datano data
Katia Waegemans
Communication & Information Managerno datano datano data
Hilde Haems
Chief Human Capital Officer0.67yrno datano data
Nele Govaert
Legal Counsel2.67yrsno datano data
Anke Jeurissen
Legal Counsel1yrno datano data
Jean-Claude Janssens
Treasurerno datano datano data

1.0yrs

Average Tenure

54yo

Average Age

Experienced Management: ACKB's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Luc Bertrand
Chairman4.25yrs€80.00kno data
Pierre Macharis
Non-Executive Director16.58yrs€57.50kno data
Pierre Willaert
Non-Executive Director22.58yrs€70.00kno data
Frédéric van Haaren
Non Executive Director27.58yrs€50.00kno data
Jacques Delen
Non Executive Director28.58yrs€47.50kno data
Thierry van Baren
Non-Executive Director14.25yrs€50.00kno data
Alexia Bertrand
Non-Executive Director7.58yrs€50.00kno data
Marion Debruyne
Independent & Non-Executive Director4.58yrs€62.50kno data
Julien Pestiaux
Independent & Non Executive Director9.58yrs€72.50kno data
Victoria Vandeputte
Independent Non-Executive Director2yrs€57.50kno data

11.9yrs

Average Tenure

55.5yo

Average Age

Experienced Board: ACKB's board of directors are seasoned and experienced ( 11.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Ackermans & Van Haaren NV's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ackermans & Van Haaren NV
  • Ticker: ACKB
  • Exchange: ENXTBR
  • Founded: 1876
  • Industry: Multi-Sector Holdings
  • Sector: Diversified Financials
  • Market Cap: €3.790b
  • Shares outstanding: 33.13m
  • Website: https://www.avh.be

Number of Employees


Location

  • Ackermans & Van Haaren NV
  • Begijnenvest 113
  • Antwerp
  • Antwerp
  • 2000
  • Belgium

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ACKBENXTBR (Euronext Brussels)YesBearer SharesBEEURJan 1992
0GYMLSE (London Stock Exchange)YesBearer SharesGBEURJan 1992
AVHN.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDJan 1992
B3KDB (Deutsche Boerse AG)YesBearer SharesDEEURJan 1992
ACKBBBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURJan 1992
ACKBWBAG (Wiener Boerse AG)YesBearer SharesATEURJan 1992
AVHN.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2008

Biography

Ackermans & Van Haaren NV engages in the marine engineering and contracting, private banking, real estate and senior care, and energy and resources businesses worldwide. The company operates through five s ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/15 03:04
End of Day Share Price2020/08/14 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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 here.