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Koninklijke VolkerWessels

ENXTAM:KVW
Snowflake Description

Undervalued with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KVW
ENXTAM
€1B
Market Cap
  1. Home
  2. NL
  3. Capital Goods
Company description

Koninklijke VolkerWessels N.V., through its subsidiaries, operates as an integrated and diversified construction company in the Netherlands, the United Kingdom, North America, and Germany. The last earnings update was 80 days ago. More info.


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KVW Share Price and Events
7 Day Returns
-3.2%
ENXTAM:KVW
-1.9%
NL Construction
0.6%
NL Market
1 Year Returns
-25%
ENXTAM:KVW
-11.4%
NL Construction
-3%
NL Market
KVW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Koninklijke VolkerWessels (KVW) -3.2% -11.4% -3.8% -25% - -
NL Construction -1.9% -9.7% -3.1% -11.4% -17.7% -35.6%
NL Market 0.6% -2% 3.3% -3% 26% 26.1%
1 Year Return vs Industry and Market
  • KVW underperformed the Construction industry which returned -11.4% over the past year.
  • KVW underperformed the Market in Netherlands which returned -3% over the past year.
Price Volatility
KVW
Industry
5yr Volatility vs Market

Value

 Is Koninklijke VolkerWessels undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Koninklijke VolkerWessels to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Koninklijke VolkerWessels.

ENXTAM:KVW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year NL Government Bond Rate 0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTAM:KVW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NL Govt Bond Rate 0.4%
Equity Risk Premium S&P Global 6%
Construction Unlevered Beta Simply Wall St/ S&P Global 0.98
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.983 (1 + (1- 25%) (7.48%))
1.026
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.37% + (1.026 * 5.96%)
6.48%

Discounted Cash Flow Calculation for ENXTAM:KVW using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Koninklijke VolkerWessels is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ENXTAM:KVW DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.48%)
2019 182.70 Analyst x1 171.57
2020 187.90 Analyst x2 165.71
2021 183.95 Analyst x2 152.35
2022 191.30 Analyst x2 148.79
2023 182.00 Analyst x1 132.94
2024 181.49 Est @ -0.28% 124.49
2025 181.34 Est @ -0.08% 116.82
2026 181.44 Est @ 0.05% 109.76
2027 181.70 Est @ 0.15% 103.23
2028 182.09 Est @ 0.21% 97.15
Present value of next 10 years cash flows €1,322.82
ENXTAM:KVW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €182.09 × (1 + 0.37%) ÷ (6.48% – 0.37%)
€2,989.24
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €2,989.24 ÷ (1 + 6.48%)10
€1,594.81
ENXTAM:KVW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,322.82 + €1,594.81
€2,917.63
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €2,917.63 / 80.00
€36.47
ENXTAM:KVW Discount to Share Price
Calculation Result
Value per share (EUR) From above. €36.47
Current discount Discount to share price of €16.88
= -1 x (€16.88 - €36.47) / €36.47
53.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Koninklijke VolkerWessels is available for.
Intrinsic value
>50%
Share price is €16.88 vs Future cash flow value of €36.47
Current Discount Checks
For Koninklijke VolkerWessels to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Koninklijke VolkerWessels's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Koninklijke VolkerWessels's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Koninklijke VolkerWessels's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Koninklijke VolkerWessels's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTAM:KVW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €1.66
ENXTAM:KVW Share Price ** ENXTAM (2019-05-22) in EUR €16.88
Netherlands Construction Industry PE Ratio Median Figure of 5 Publicly-Listed Construction Companies 10.7x
Netherlands Market PE Ratio Median Figure of 80 Publicly-Listed Companies 16.96x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Koninklijke VolkerWessels.

ENXTAM:KVW PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTAM:KVW Share Price ÷ EPS (both in EUR)

= 16.88 ÷ 1.66

10.15x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Koninklijke VolkerWessels is good value based on earnings compared to the NL Construction industry average.
  • Koninklijke VolkerWessels is good value based on earnings compared to the Netherlands market.
Price based on expected Growth
Does Koninklijke VolkerWessels's expected growth come at a high price?
Raw Data
ENXTAM:KVW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
9.4%per year
Europe Construction Industry PEG Ratio Median Figure of 46 Publicly-Listed Construction Companies 1.16x
Netherlands Market PEG Ratio Median Figure of 66 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

ENXTAM:KVW PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.15x ÷ 9.4%

1.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Koninklijke VolkerWessels is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Koninklijke VolkerWessels's assets?
Raw Data
ENXTAM:KVW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €14.78
ENXTAM:KVW Share Price * ENXTAM (2019-05-22) in EUR €16.88
Netherlands Construction Industry PB Ratio Median Figure of 7 Publicly-Listed Construction Companies 1.29x
Netherlands Market PB Ratio Median Figure of 103 Publicly-Listed Companies 1.94x
ENXTAM:KVW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTAM:KVW Share Price ÷ Book Value per Share (both in EUR)

= 16.88 ÷ 14.78

1.14x

* Primary Listing of Koninklijke VolkerWessels.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Koninklijke VolkerWessels is good value based on assets compared to the NL Construction industry average.
X
Value checks
We assess Koninklijke VolkerWessels's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. Koninklijke VolkerWessels has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Koninklijke VolkerWessels expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Koninklijke VolkerWessels expected to grow at an attractive rate?
  • Koninklijke VolkerWessels's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
  • Koninklijke VolkerWessels's earnings growth is expected to exceed the Netherlands market average.
  • Koninklijke VolkerWessels's revenue growth is positive but not above the Netherlands market average.
Annual Growth Rates Comparison
Raw Data
ENXTAM:KVW Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTAM:KVW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 9.4%
ENXTAM:KVW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 2.2%
Netherlands Construction Industry Earnings Growth Rate Market Cap Weighted Average 52.2%
Netherlands Construction Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
Netherlands Market Earnings Growth Rate Market Cap Weighted Average 9.4%
Netherlands Market Revenue Growth Rate Market Cap Weighted Average 2.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTAM:KVW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTAM:KVW Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 6,579 1
2022-12-31 6,482 344 193 2
2021-12-31 6,389 333 187 3
2020-12-31 6,249 301 165 5
2019-12-31 6,126 338 155 3
ENXTAM:KVW Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 5,924 237 133
2018-06-30 5,815 272 115
2018-03-31 5,765 270 125
2017-12-31 5,714 267 134
2017-09-30 5,650 294 127
2017-06-30 5,586 321 120
2017-03-31 5,538 306 111
2016-12-31 5,490 290 101

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Koninklijke VolkerWessels's earnings are expected to grow by 9.4% yearly, however this is not considered high growth (20% yearly).
  • Koninklijke VolkerWessels's revenue is expected to grow by 2.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTAM:KVW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Koninklijke VolkerWessels Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTAM:KVW Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 2.41 2.41 2.41 1.00
2021-12-31 2.34 2.34 2.34 1.00
2020-12-31 2.06 2.29 1.86 4.00
2019-12-31 1.94 2.14 1.72 4.00
ENXTAM:KVW Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 1.66
2018-06-30 1.44
2018-03-31 1.56
2017-12-31 1.68
2017-09-30 1.59
2017-06-30 24.28
2017-03-31 22.36
2016-12-31 20.44

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Koninklijke VolkerWessels is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Koninklijke VolkerWessels's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Netherlands market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Netherlands market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Koninklijke VolkerWessels has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Koninklijke VolkerWessels performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Koninklijke VolkerWessels's growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Koninklijke VolkerWessels's year on year earnings growth rate has been positive over the past 5 years.
  • Koninklijke VolkerWessels's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Koninklijke VolkerWessels's 1-year earnings growth is negative, it can't be compared to the Europe Construction industry average.
Earnings and Revenue History
Koninklijke VolkerWessels's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Koninklijke VolkerWessels Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTAM:KVW Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 5,924.00 133.00 1,242.00
2018-06-30 5,815.00 115.00 1,173.00
2018-03-31 5,764.50 124.50 1,173.00
2017-12-31 5,714.00 134.00 1,173.00
2017-09-30 5,650.00 127.00 1,145.00
2017-06-30 5,586.00 120.00 1,117.00
2017-03-31 5,538.00 110.50 1,117.00
2016-12-31 5,490.00 101.00 1,117.00
2015-12-31 5,318.00 91.00 1,086.00
2014-12-31 5,000.00 42.00 1,028.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Koninklijke VolkerWessels has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Koninklijke VolkerWessels used its assets more efficiently than the NL Construction industry average last year based on Return on Assets.
  • Koninklijke VolkerWessels's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Koninklijke VolkerWessels's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Koninklijke VolkerWessels has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Koninklijke VolkerWessels's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Koninklijke VolkerWessels's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Koninklijke VolkerWessels is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Koninklijke VolkerWessels's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Koninklijke VolkerWessels's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 24x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Koninklijke VolkerWessels Company Filings, last reported 4 months ago.

ENXTAM:KVW Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,196.00 101.00 467.00
2018-06-30 1,087.00 355.00 368.00
2018-03-31 1,087.00 355.00 368.00
2017-12-31 1,135.00 197.00 494.00
2017-09-30 1,135.00 197.00 494.00
2017-06-30 1,080.00 367.00 264.00
2017-03-31 1,080.00 367.00 264.00
2016-12-31 1,128.00 223.00 412.00
2015-12-31 437.00 967.00 407.00
2014-12-31 -68.00 1,425.00 309.00
  • Koninklijke VolkerWessels's level of debt (8.4%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Koninklijke VolkerWessels's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (234.7%, greater than 20% of total debt).
  • Koninklijke VolkerWessels earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Koninklijke VolkerWessels's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Koninklijke VolkerWessels has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.22%
Current annual income from Koninklijke VolkerWessels dividends. Estimated to be 7.5% next year.
If you bought €2,000 of Koninklijke VolkerWessels shares you are expected to receive €124 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Koninklijke VolkerWessels's pays a higher dividend yield than the bottom 25% of dividend payers in Netherlands (2.35%).
  • Koninklijke VolkerWessels's dividend is above the markets top 25% of dividend payers in Netherlands (5.84%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTAM:KVW Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Netherlands Construction Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 3.4%
Netherlands Market Average Dividend Yield Market Cap Weighted Average of 68 Stocks 4%
Netherlands Minimum Threshold Dividend Yield 10th Percentile 1.7%
Netherlands Bottom 25% Dividend Yield 25th Percentile 2.4%
Netherlands Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTAM:KVW Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 1.69 1.00
2021-12-31 1.42 2.00
2020-12-31 1.26 5.00
2019-12-31 1.09 4.00
ENXTAM:KVW Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-28 1.050 5.701
2018-11-15 1.050 7.089
2018-03-15 1.050 5.394
2018-03-14 1.050 4.837
2017-08-31 0.560 2.319

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Koninklijke VolkerWessels has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Koninklijke VolkerWessels only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Koninklijke VolkerWessels's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Koninklijke VolkerWessels's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Koninklijke VolkerWessels afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Koninklijke VolkerWessels has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Koninklijke VolkerWessels's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jan de Ruiter
COMPENSATION €1,652,000
AGE 56
CEO Bio

Mr. Jan de Ruiter, also known as Jan serves as Chairman of the Management Board at Koninklijke VolkerWessels N.V. since March 01, 2017 and has been its Member of The Management Board since March 1, 2017. From January 1, 2016 to March 1, 2017, Mr. De Ruiter served as an Adviser to Reggeborgh Invest B.V. Prior to joining VolkerWessels, he served as Chairman of the board of RBS N.V. and Country Executive Netherlands for the RBS Group, Global Head of M&A and ECM for ABN AMRO Bank N.V. and Joint Chief Executive Officer of ABN AMRO Rothschild. Mr. De Ruiter serves as a Supervisory Board Member of Deutsche Glasfaser Holding GmbH. He serves as a Supervisory Director of Varo Energy B.V.

CEO Compensation
  • Jan's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jan's remuneration is about average for companies of similar size in Netherlands.
Management Team Tenure

Average tenure and age of the Koninklijke VolkerWessels management team in years:

8.3
Average Tenure
52
Average Age
  • The average tenure for the Koninklijke VolkerWessels management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jan de Ruiter

TITLE
Chairman of the Management Board
COMPENSATION
€2M
AGE
56

Jan van Rooijen

TITLE
CFO & Member of Management Board
COMPENSATION
€2M
AGE
48
TENURE
6.3 yrs

Alfred Vos

TITLE
COO & Member of Management Board
COMPENSATION
€2M
AGE
49
TENURE
10.3 yrs

Dick Boers

TITLE
Member of Management Board
COMPENSATION
€2M
AGE
52
TENURE
13.3 yrs

Alan Robertson

TITLE
Member of Management Board
COMPENSATION
€1M
AGE
56
TENURE
1 yrs

Ingrid Prins

TITLE
Investor Relations Manager

H. W. R. A. Janssen

TITLE
General Counsel

R. Kamphuis

TITLE
Director of Communication

B. Verhoeven

TITLE
Director of Corporate Development

D.S.E.M. Wieggers

TITLE
Director of Human Resources
Board of Directors Tenure

Average tenure and age of the Koninklijke VolkerWessels board of directors in years:

1
Average Tenure
64
Average Age
  • The average tenure for the Koninklijke VolkerWessels board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jan H. Hommen

TITLE
Chairman of Supervisory Board
AGE
75
TENURE
2 yrs

Henry Holterman

TITLE
Vice Chairman of Supervisory Board
AGE
63

Sietze Hepkema

TITLE
Member of Supervisory Board
AGE
65
TENURE
2 yrs

Frank Verhoeven

TITLE
Member of the Supervisory Board
AGE
67
TENURE
1 yrs

Anja Montijn-Groenewoud

TITLE
Member of The Supervisory Board
AGE
56
TENURE
0.1 yrs

Eelco Blok

TITLE
Member of The Supervisory Board
AGE
61
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Koninklijke VolkerWessels's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Koninklijke VolkerWessels has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Do Institutions Own Shares In Koninklijke VolkerWessels N.V. (AMS:KVW)?

View our latest analysis for Koninklijke VolkerWessels ENXTAM:KVW Ownership Summary, May 16th 2019 What Does The Institutional Ownership Tell Us About Koninklijke VolkerWessels? … We can see that Koninklijke VolkerWessels does have institutional investors; and they hold 22% of the stock. … Insider Ownership Of Koninklijke VolkerWessels The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

Is Koninklijke VolkerWessels N.V. (AMS:KVW) Trading At A 48% Discount?

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Koninklijke VolkerWessels N.V. … by estimating the company's future cash flows and discounting them to their present value. … Remember though, that there are many ways to estimate a company's value, and a DCF is just one method.

Simply Wall St -

Is Koninklijke VolkerWessels N.V. (AMS:KVW) Potentially Underrated?

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook.

Simply Wall St -

Koninklijke VolkerWessels N.V. (AMS:KVW): Immense Growth Potential?

(AMS:KVW) announced its earnings release on 31 December 2018, … the consensus outlook from analysts appear somewhat bearish, … the higher past 5-year average growth rate of 19%.

Simply Wall St -

Has Koninklijke VolkerWessels N.V. (AMS:KVW) Been Employing Capital Shrewdly?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … How Do You Calculate Return On Capital Employed

Simply Wall St -

Imagine Owning Koninklijke VolkerWessels And Wondering If The 14% Share Price Slide Is Justified

(AMS:KVW) share price up 26% in a single quarter. … But that is minimal compensation for the share price under-performance over the last year. … While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance.

Simply Wall St -

How Much Of Koninklijke VolkerWessels N.V. (AMS:KVW) Do Institutions Own?

A look at the shareholders of Koninklijke VolkerWessels N.V. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … With a market capitalization of €1.2b, Koninklijke VolkerWessels is a decent size, so it is probably on the radar of institutional investors.

Simply Wall St -

How Does Koninklijke VolkerWessels N.V. (AMS:KVW) Fare As A Dividend Stock?

Let's take a look at Koninklijke VolkerWessels in more detail. … See our latest analysis for Koninklijke VolkerWessels? … Participate in a short research study and receive a 6-month subscription to the award winning Simply Wall St research tool (valued at $60)

Simply Wall St -

One Factor To Consider Before Investing In Koninklijke VolkerWessels N.V. (AMS:KVW)

I’ve analysed below, the health and outlook of Koninklijke VolkerWessels’s cash flow, which will help you understand the stock from a cash standpoint. … What is free cash flow. … Koninklijke VolkerWessels’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure

Simply Wall St -

Is Koninklijke VolkerWessels N.V.'s (AMS:KVW) Stock Available For A Good Price After Accounting For Growth?

Let’s look into this by assessing KVW's expected growth over the next few years. … Check out our latest analysis for Koninklijke VolkerWessels? … Analysts are predicting good growth prospects for Koninklijke VolkerWessels over the next couple of years

Simply Wall St -

Company Info

Description

Koninklijke VolkerWessels N.V., through its subsidiaries, operates as an integrated and diversified construction company in the Netherlands, the United Kingdom, North America, and Germany. It engages in the construction and renovation of residential and non-residential properties, including industrial and logistic facilities; real estate development; and industrial production and supply of construction materials, comprising pre-fabricated building supplies. The company is also involved in road construction, service and maintenance, and asphalt production; railway construction, services and maintenance, and civil engineering activities for roads, waterways, and rail multi-disciplinary project management. In addition, it constructs and maintains energy infrastructure, such as oil, gas, and electricity; telecoms infrastructure, including fibre-optic and wireless networks. The company was incorporated in 2007 and is headquartered in Amersfoort, the Netherlands.

Details
Name: Koninklijke VolkerWessels N.V.
KVW
Exchange: ENXTAM
Founded: 2007
€1,350,400,000
80,000,000
Website: http://www.volkerwessels.com
Address: Koninklijke VolkerWessels N.V.
Podium 9,
Amersfoort,
Utrecht, 3826 PA,
Netherlands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTAM KVW Ordinary Shares Euronext Amsterdam NL EUR 12. May 2017
DB 1KV Ordinary Shares Deutsche Boerse AG DE EUR 12. May 2017
LSE 0RPM Ordinary Shares London Stock Exchange GB EUR 12. May 2017
Number of employees
Current staff
Staff numbers
16,646
Koninklijke VolkerWessels employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 00:57
End of day share price update: 2019/05/22 00:00
Last estimates confirmation: 2019/04/30
Last earnings filing: 2019/03/04
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.