Arcadis NV (NL:ARCAD)
:ARCAD
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Arcadis NV
(ARCAD)
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Rating:70Outperform
Price Target:
€40.00
▲(22.10% Upside)
Action:Upgraded
Date:05/01/26
The score is driven primarily by strong financial performance, led by robust cash-flow quality and strong 2025 revenue growth, partially offset by increased leverage and profitability volatility. Technicals are neutral with the stock below the 200-day average, while valuation is supportive with a reasonable P/E and solid dividend yield.
Positive Factors
Strong Revenue Growth
31% revenue growth in 2025 indicates material demand and scale. Sustained top-line expansion supports higher operating profit potential and backlog replenishment, improving pricing leverage across infrastructure, environment and water services tied to structural public spending and sustainability mandates that underpin multi-year projects.
Negative Factors
Rising Leverage
Debt-to-equity rising to ~1.28 with debt exceeding equity and declining equity versus 2024 reduces financial flexibility. Elevated leverage increases interest and refinancing pressure, constrains strategic capital allocation (M&A, reinvestment) and raises downside risk if project cash flows or client payments slow.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
31% revenue growth in 2025 indicates material demand and scale. Sustained top-line expansion supports higher operating profit potential and backlog replenishment, improving pricing leverage across infrastructure, environment and water services tied to structural public spending and sustainability mandates that underpin multi-year projects.
Read all positive factors
Arcadis NV (ARCAD) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€3.03B
Dividend Yield2.85%
Average Volume (3M)214.67K
Price to Earnings (P/E)15.6
Beta (1Y)0.74
Revenue Growth-2.40%
EPS Growth-13.52%
CountryNL
Employees32,059
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)1.74
Shares Outstanding90,442,090
10 Day Avg. Volume192,744
30 Day Avg. Volume214,667
Financial Highlights & Ratios
PEG Ratio-1.11
Price to Book (P/B)3.06
Price to Sales (P/S)0.65
P/FCF Ratio8.58
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€46.00Price Target Upside40.42% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)3.03
Revenue Forecast (FY)€3.74B
Arcadis NV Business Overview & Revenue Model
Company Description
Arcadis NV operates as a design and consultancy firm for natural and built assets worldwide. The company operates through four segments: Europe & Middle East, The Americas, Asia Pacific, and CallisonRTKL. It offers architectural based design consu...
How the Company Makes Money
Arcadis primarily makes money by selling professional services on client engagements, generating revenue from fees for consulting, engineering/design, advisory, and project/program management work. Its revenue model is largely services-based and t...
Arcadis NV Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
58
Neutral
Cash Flow
82
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.88B | 5.00B | 5.00B | 4.03B | 3.38B |
| Gross Profit | 828.00M | 892.00M | 815.00M | 655.55M | 568.67M |
| EBITDA | 427.00M | 469.00M | 402.75M | 270.44M | 280.85M |
| Net Income | 208.00M | 243.00M | 160.00M | 131.52M | 167.88M |
Balance Sheet | |||||
| Total Assets | 3.63B | 3.90B | 3.78B | 3.84B | 2.74B |
| Cash, Cash Equivalents and Short-Term Investments | 323.50M | 357.00M | 270.00M | 243.15M | 320.60M |
| Total Debt | 1.33B | 1.12B | 1.16B | 1.29B | 518.67M |
| Total Liabilities | 2.59B | 2.67B | 2.72B | 2.85B | 1.71B |
| Stockholders Equity | 1.04B | 1.23B | 1.06B | 995.24M | 1.02B |
Cash Flow | |||||
| Free Cash Flow | 369.00M | 305.00M | 268.15M | 243.89M | 294.68M |
| Operating Cash Flow | 386.00M | 350.00M | 308.72M | 284.02M | 329.46M |
| Investing Cash Flow | -108.00M | -46.00M | -36.56M | -834.98M | -33.59M |
| Financing Cash Flow | -333.00M | -218.00M | -244.63M | 456.38M | -410.82M |
Arcadis NV Technical Analysis
Positive
32.76
Price Trends
32.05
Positive
32.20
Positive
35.78
Positive
Market Momentum
0.95
Positive
66.03
Neutral
63.13
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:ARCAD, the sentiment is Positive. The current price of 32.76 is below the 20-day moving average (MA) of 34.96, above the 50-day MA of 32.05, and below the 200-day MA of 35.78, indicating a bullish trend. The MACD of 0.95 indicates Positive momentum. The RSI at 66.03 is Neutral, neither overbought nor oversold. The STOCH value of 63.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:ARCAD.
Arcadis NV Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | €2.87B | 21.78 | 25.42% | 2.44% | 7.27% | 44.67% | |
75 Outperform | €5.04B | 8.71 | 15.92% | 4.27% | -1.27% | 67.83% | |
74 Outperform | €2.96B | 13.15 | 11.89% | 2.69% | 9.06% | 160.53% | |
70 Outperform | €3.03B | 15.57 | 14.59% | 2.85% | -2.40% | -13.52% | |
62 Neutral | €4.17B | 46.91 | 6.13% | 4.08% | -1.84% | -15.89% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €1.29B | -84.78 | -1.54% | 8.99% | -18.78% | -107.52% |
* General Sector Average
NL:ARCAD
Arcadis NV
36.50
-6.72
-15.55%
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28.19%
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10.79
3.61
50.30%
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11.86
0.66
5.92%
NL:HEIJM
Heijmans N.V.
103.00
49.56
92.75%
NL:VPK
Royal Vopak NV
45.90
6.79
17.35%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.