Stock Analysis Report

Header cover image

Executive Summary

Aalberts N.V. operates as a technology company worldwide. More Details

Snowflake Analysis

Flawless balance sheet established dividend payer.

Similar Companies

Share Price & News

How has Aalberts's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: AALB is not significantly more volatile than the rest of Dutch stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: AALB's weekly volatility (5%) has been stable over the past year.

Market Performance

7 Day Return




NL Machinery


NL Market

1 Year Return




NL Machinery


NL Market

Return vs Industry: AALB underperformed the Dutch Machinery industry which returned 10.3% over the past year.

Return vs Market: AALB underperformed the Dutch Market which returned -2.2% over the past year.

Shareholder returns

7 Day3.4%1.5%1.5%
30 Day11.8%7.1%10.9%
90 Day12.8%8.1%8.0%
1 Year-1.2%-4.0%13.9%10.7%1.4%-0.9%
3 Year-7.0%-12.9%12.3%0.2%8.6%-2.3%
5 Year30.4%18.0%64.3%39.4%37.3%12.5%

Long-Term Price Volatility Vs. Market

How volatile is Aalberts's share price compared to the market and industry in the last 5 years?

Simply Wall St News


Is Aalberts undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: AALB (€36.98) is trading below our estimate of fair value (€49.91)

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

Price To Earnings Ratio

PE vs Industry: AALB's PE Ratio (23.7x) is in line with the XE Machinery industry average.

PE vs Market: AALB is good value based on its PE Ratio (23.7x) compared to the Dutch market (24.4x).

Price to Earnings Growth Ratio

PEG Ratio: AALB is poor value based on its PEG Ratio (1x)

Price to Book Ratio

PB vs Industry: AALB is overvalued based on its PB Ratio (2.3x) compared to the XE Machinery industry average (1.6x).

Next Steps

Future Growth

How is Aalberts forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AALB's forecast earnings growth (23% per year) is above the savings rate (0.4%).

Earnings vs Market: AALB's earnings (23% per year) are forecast to grow slower than the Dutch market (27.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AALB's revenue (3.3% per year) is forecast to grow slower than the Dutch market (9.6% per year).

High Growth Revenue: AALB's revenue (3.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: AALB's Return on Equity is forecast to be low in 3 years time (11.4%).

Next Steps

Past Performance

How has Aalberts performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AALB has a large one-off gain of €51.1M impacting its June 30 2020 financial results.

Growing Profit Margin: AALB's current net profit margins (6.4%) are lower than last year (8.6%).

Past Earnings Growth Analysis

Earnings Trend: AALB's earnings have grown by 6.6% per year over the past 5 years.

Accelerating Growth: AALB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AALB had negative earnings growth (-29.1%) over the past year, making it difficult to compare to the Machinery industry average (-20.6%).

Return on Equity

High ROE: AALB's Return on Equity (9.9%) is considered low.

Next Steps

Financial Health

How is Aalberts's financial position?

Financial Position Analysis

Short Term Liabilities: AALB's short term assets (€1.1B) exceed its short term liabilities (€968.3M).

Long Term Liabilities: AALB's short term assets (€1.1B) exceed its long term liabilities (€690.4M).

Debt to Equity History and Analysis

Debt Level: AALB's debt to equity ratio (37.7%) is considered satisfactory.

Reducing Debt: AALB's debt to equity ratio has reduced from 61.9% to 37.7% over the past 5 years.

Debt Coverage: AALB's debt is well covered by operating cash flow (57.9%).

Interest Coverage: AALB's interest payments on its debt are well covered by EBIT (8.2x coverage).

Balance Sheet

Next Steps


What is Aalberts's current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: AALB's dividend (2.16%) is higher than the bottom 25% of dividend payers in the Dutch market (1.93%).

High Dividend: AALB's dividend (2.16%) is low compared to the top 25% of dividend payers in the Dutch market (5.02%).

Stability and Growth of Payments

Stable Dividend: AALB's dividends per share have been stable in the past 10 years.

Growing Dividend: AALB's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (51.2%), AALB's dividend payments are covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: AALB's dividends in 3 years are forecast to be well covered by earnings (34.8% payout ratio).

Next Steps


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


Average board tenure


Wim Pelsma (57 yo)





Mr. Wim A. Pelsma has been the Chief Executive Officer of Aalberts N.V. since 2012 and served as its Head of Flow Control - Northern and Eastern Europe and Head at Flow Control Benelux. Mr. Pelsma has been...

CEO Compensation Analysis

Compensation vs Market: Wim's total compensation ($USD2.24M) is about average for companies of similar size in the Dutch market ($USD2.75M).

Compensation vs Earnings: Wim's compensation has been consistent with company performance over the past year.

Board Members

Piet Veenema
Independent Member of Supervisory Board4.83yrs€50.00kno data
Jan van der Zouw
Independent Member of Supervisory Board5.58yrs€55.00kno data
Maria Oudeman
Independent Member of Supervisory Board3.58yrs€55.00k0.00030%
€ 12.3k
Martin Cornelis van Pernis
Independent Chairman of Supervisory Board3.58yrs€65.00kno data
A. Rinck
Member of Supervisory Boardno datano datano data


Average Tenure


Average Age

Experienced Board: AALB's board of directors are considered experienced (4.2 years average tenure).


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.

Recent Insider Transactions

Ownership Breakdown

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

Top Shareholders

Company Information

Aalberts N.V.'s company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Aalberts N.V.
  • Ticker: AALB
  • Exchange: ENXTAM
  • Founded: 1975
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: €4.089b
  • Shares outstanding: 110.58m
  • Website: https://www.aalberts.com

Number of Employees


  • Aalberts N.V.
  • Word Trade Center Utrecht
  • Stadsplateau 18
  • Utrecht
  • Utrecht
  • 3521 AZ
  • Netherlands


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AALB.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
AALBENXTAM (Euronext Amsterdam)YesOrdinary SharesNLEURJan 1992
AACADB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
0NX1LSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
AALBABATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
AALBWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1992


Aalberts N.V. operates as a technology company worldwide. The company operates through four segments: Installation Technology, Material Technology, Climate Technology, and Industrial Technology. The Instal...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 21:27
End of Day Share Price2020/11/24 00:00
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.