Koninklijke Bam Groep NV (BAMNB) AI Stock Analysis

• Market Cap: €2.58B
• Dividend Yield: 2.69%
• Average Volume (3M): 816.99K
• Price to Earnings (P/E): 11.5
• Beta (1Y): 1.19
• Revenue Growth: 3.64%
• EPS Growth: -22.13%
• Country: NL
• Employees: 13,082
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 0.42
• Shares Outstanding: 272,000,000
• 10 Day Avg. Volume: 780,763
• 30 Day Avg. Volume: 816,987
• PEG Ratio: 0.07
• Price to Book (P/B): 2.53
• Price to Sales (P/S): 0.34
• P/FCF Ratio: 8.61
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €10.50
• Price Target Upside: 40.37% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 0.92
• Revenue Forecast (FY): €7.17B

• Rating: 74 Outperform
• Price Target: €9.50 ▲(27.01% Upside)
• Action: Reiterated Date: 02/20/26
• Date: Action: Reiterated 02/20/26

The score is driven primarily by improved recent financial performance and strong free cash flow, supported by an overall bullish technical trend (price above key moving averages, positive MACD). Valuation is reasonable (P/E ~12.26 with ~2.54% yield), while the main risk is historical cyclicality/volatility and rising leverage into 2025.

Positive Factors

Strong cash generation

BAM's materially stronger operating cash flow and rising free cash flow demonstrate durable cash conversion from project operations. Higher recurring cash yields flexibility to fund working capital, invest in backlog, and service debt without relying on external capital, supporting stability over coming quarters.

Negative Factors

Rising leverage

Leverage stepping up reduces financial flexibility and increases interest and refinancing sensitivity. For a project-driven contractor, higher debt ratios constrain capacity to absorb cost overruns, limit balance-sheet support for large bids, and elevate refinancing and covenant risks across the cycle.

Koninklijke Bam Groep NV Business Overview & Revenue Model

Company Description

Koninklijke Bam Groep NV (BAMNB) is a leading European construction and project development company headquartered in the Netherlands. The company operates primarily in the construction and infrastructure sectors, delivering a wide range of service...

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Koninklijke Bam Groep NV (BAMNB) is a leading European construction and project development company headquartered in the Netherlands. The company operates primarily in the construction and infrastructure sectors, delivering a wide range of service...

How the Company Makes Money

BAM makes money primarily by contracting and delivering construction and civil engineering projects for clients. Its core revenue comes from (1) construction/building projects, where it is paid under agreed contract structures (e.g., fixed-price o...

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BAM makes money primarily by contracting and delivering construction and civil engineering projects for clients. Its core revenue comes from (1) construction/building projects, where it is paid under agreed contract structures (e.g., fixed-price o...

Koninklijke Bam Groep NV Financial Statement Overview

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	7.04B	6.46B	6.27B	6.62B	7.32B
Gross Profit	454.30M	1.76B	1.70B	1.74B	1.89B
EBITDA	371.60M	214.40M	285.37M	280.38M	177.17M
Net Income	211.00M	82.20M	174.99M	179.64M	18.12M
Balance Sheet
Total Assets	4.10B	3.89B	3.93B	3.82B	4.50B
Cash, Cash Equivalents and Short-Term Investments	883.40M	763.40M	757.33M	842.77M	1.28B
Total Debt	572.10M	323.20M	295.79M	227.31M	280.82M
Total Liabilities	3.14B	3.00B	3.01B	3.01B	3.84B
Stockholders Equity	958.00M	895.50M	920.50M	810.59M	653.59M
Cash Flow
Free Cash Flow	281.20M	171.40M	21.39M	-290.40M	250.77M
Operating Cash Flow	344.70M	256.70M	105.71M	-195.91M	320.23M
Investing Cash Flow	4.10M	-107.60M	-91.45M	-163.03M	-165.56M
Financing Cash Flow	-197.90M	-172.40M	-108.51M	-93.22M	-662.08M

Koninklijke Bam Groep NV Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7.48
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:BAMNB, the sentiment is Positive. The current price of 7.48 is below the 20-day moving average (MA) of 8.93, below the 50-day MA of 9.19, and below the 200-day MA of 8.40, indicating a bullish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 57.03 is Neutral, neither overbought nor oversold. The STOCH value of 76.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:BAMNB.

Koninklijke Bam Groep NV Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HEIJM	77 Outperform	€2.30B	14.29	25.42%	2.44%	11.67%	36.03%
VPK	75 Outperform	€4.90B	7.24	15.92%	4.27%	-3.32%	15.52%
BAMNB	74 Outperform	€2.58B	11.48	11.89%	2.69%	3.64%	-22.13%
ARCAD	66 Neutral	€2.51B	15.23	14.59%	2.85%	-2.02%	24.14%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
AALB	62 Neutral	€3.43B	26.68	6.13%	4.08%	-4.31%	-50.34%
FUR	55 Neutral	€1.27B	-47.40	-1.54%	8.99%	-7.57%	-51.86%