Ackermans & Van Haaren NV

LSE:0GYM Stock Report

Market Cap: €5.9b

Ackermans & Van Haaren Valuation

Is 0GYM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 0GYM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0GYM (€179.6) is trading below our estimate of fair value (€218.81)

Significantly Below Fair Value: 0GYM is trading below fair value, but not by a significant amount.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0GYM?

Key metric: As 0GYM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0GYM. This is calculated by dividing 0GYM's market cap by their current earnings.
What is 0GYM's PE Ratio?
PE Ratio13.7x
Earnings€428.91m
Market Cap€5.87b

Price to Earnings Ratio vs Peers

How does 0GYM's PE Ratio compare to its peers?

The above table shows the PE ratio for 0GYM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.3x
BBY Balfour Beatty
9.8x0.1%UK£2.3b
MGNS Morgan Sindall Group
14.4x2.8%UK£1.8b
KLR Keller Group
8.4x2.4%UK£1.1b
RNWH Renew Holdings
16.8x7.2%UK£821.5m
0GYM Ackermans & Van Haaren
13.7x9.3%€5.9b

Price-To-Earnings vs Peers: 0GYM is expensive based on its Price-To-Earnings Ratio (13.7x) compared to the peer average (12.3x).


Price to Earnings Ratio vs Industry

How does 0GYM's PE Ratio compare vs other companies in the European Construction Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0GYM 13.7xIndustry Avg. 12.9xNo. of Companies17PE0816243240+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0GYM is expensive based on its Price-To-Earnings Ratio (13.7x) compared to the European Construction industry average (13.2x).


Price to Earnings Ratio vs Fair Ratio

What is 0GYM'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.

0GYM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.7x
Fair PE Ratio18.8x

Price-To-Earnings vs Fair Ratio: 0GYM is good value based on its Price-To-Earnings Ratio (13.7x) compared to the estimated Fair Price-To-Earnings Ratio (18.8x).


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 0GYM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€179.60
€207.67
+15.6%
11.4%€236.00€170.00n/a6
Nov ’25€187.83
€204.17
+8.7%
10.1%€236.00€170.00n/a6
Oct ’25€189.78
€204.17
+7.6%
10.1%€236.00€170.00n/a6
Sep ’25€179.07
€197.80
+10.5%
8.2%€215.00€170.00n/a5
Aug ’25€175.83
€182.80
+4.0%
11.0%€204.00€150.00n/a5
Jul ’25€163.55
€182.80
+11.8%
11.0%€204.00€150.00n/a5
Jun ’25€163.39
€177.50
+8.6%
10.8%€200.00€150.00n/a4
May ’25€161.50
€180.80
+12.0%
10.2%€200.00€150.00n/a5
Apr ’25€161.79
€180.80
+11.7%
10.2%€200.00€150.00n/a5
Mar ’25€156.08
€180.80
+15.8%
10.2%€200.00€150.00n/a5
Feb ’25€155.03
€181.20
+16.9%
10.0%€200.00€150.00n/a5
Jan ’25€159.10
€181.20
+13.9%
10.0%€200.00€150.00n/a5
Dec ’24€152.07
€181.20
+19.2%
10.0%€200.00€150.00n/a5
Nov ’24€140.89
€181.20
+28.6%
10.0%€200.00€150.00€187.835
Oct ’24€143.46
€181.20
+26.3%
10.0%€200.00€150.00€189.785
Sep ’24€145.61
€179.17
+23.0%
9.6%€200.00€150.00€179.076
Aug ’24€157.75
€177.17
+12.3%
8.6%€194.00€150.00€175.836
Jul ’24€150.88
€175.00
+16.0%
9.1%€194.00€150.00€163.555
Jun ’24€154.02
€175.00
+13.6%
9.1%€194.00€150.00€163.395
May ’24€159.58
€170.25
+6.7%
8.3%€190.00€150.00€161.504
Apr ’24€151.73
€170.25
+12.2%
8.3%€190.00€150.00€161.794
Mar ’24€159.93
€170.25
+6.5%
8.3%€190.00€150.00€156.084
Feb ’24€159.13
€166.75
+4.8%
9.0%€190.00€150.00€155.034
Jan ’24€162.50
€166.75
+2.6%
9.0%€190.00€150.00€159.104
Dec ’23€152.25
€169.80
+11.5%
11.1%€195.00€150.00€152.075
Nov ’23€141.06
€169.80
+20.4%
11.1%€195.00€150.00€140.895

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


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