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Fugro NV
(FUR)
Select Model
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Rating:55Neutral
Price Target:
€9.50
▼(-12.12% Downside)
Action:Downgraded
Date:03/02/26
The score is held back primarily by the 2025 financial deterioration (return to net loss and negative free cash flow), despite a moderately resilient balance sheet. Technicals are mixed with near-term weakness, while valuation is helped by a high dividend yield but offset by a negative P/E driven by losses.
Positive Factors
Recurring lifecycle and framework contract revenue
Fugro's business model includes repeat work across asset lifecycles and longer-term framework contracts, providing durable revenue visibility and repeatable demand. This supports multiyear client relationships and cross-selling of survey, monitoring and advisory services, reducing reliance on one-off projects.
Negative Factors
2025 revenue decline and margin compression
A sharp 2025 reversal—double-digit revenue decline and margin compression—signals structural demand or pricing pressure in core markets. Sustained weaker top-line and margin trends would reduce reinvestment capacity, weaken contract competitiveness and could force cost cuts that harm long-term service capability.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring lifecycle and framework contract revenue
Fugro's business model includes repeat work across asset lifecycles and longer-term framework contracts, providing durable revenue visibility and repeatable demand. This supports multiyear client relationships and cross-selling of survey, monitoring and advisory services, reducing reliance on one-off projects.
Read all positive factors
Fugro NV (FUR) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€1.08B
Dividend Yield8.99%
Average Volume (3M)756.16K
Price to Earnings (P/E)―
Beta (1Y)0.96
Revenue Growth-18.78%
EPS Growth-107.52%
CountryNL
Employees9,062
SectorGeneral
Sector StrengthN/A
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)-0.18
Shares Outstanding112,730,965
10 Day Avg. Volume468,566
30 Day Avg. Volume756,156
Financial Highlights & Ratios
PEG Ratio0.44
Price to Book (P/B)0.73
Price to Sales (P/S)0.52
P/FCF Ratio-6.76
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€14.50Price Target Upside34.14% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.7
Revenue Forecast (FY)€1.79B
Fugro NV Business Overview & Revenue Model
Company Description
Fugro N.V. specializes in offering comprehensive geo-intelligence services, encompassing data collection, detailed analysis, and expert consultation, primarily serving clients in the infrastructure, energy, and water sectors. Its extensive marine ...
How the Company Makes Money
Fugro primarily makes money by delivering project-based geodata services and related consultancy to clients who need site characterization and ongoing monitoring for offshore and onshore assets. (1) Service contract revenue: The core revenue strea...
Fugro NV Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
62
Positive
Cash Flow
41
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.85B | 2.28B | 2.19B | 1.77B | 1.46B |
| Gross Profit | 249.10M | 1.36B | 714.60M | 470.71M | 365.92M |
| EBITDA | 235.20M | 513.10M | 397.62M | 231.08M | 192.69M |
| Net Income | -20.40M | 273.99M | 254.84M | 74.13M | 71.12M |
Balance Sheet | |||||
| Total Assets | 2.35B | 2.63B | 2.40B | 2.06B | 1.84B |
| Cash, Cash Equivalents and Short-Term Investments | 93.20M | 319.46M | 326.29M | 209.09M | 148.96M |
| Total Debt | 475.74M | 415.62M | 436.81M | 416.50M | 441.67M |
| Total Liabilities | 1.02B | 1.12B | 1.10B | 991.13M | 976.77M |
| Stockholders Equity | 1.32B | 1.50B | 1.29B | 1.05B | 851.20M |
Cash Flow | |||||
| Free Cash Flow | -143.00M | 145.56M | 185.25M | 5.86M | 13.37M |
| Operating Cash Flow | 104.60M | 410.15M | 367.33M | 126.34M | 91.17M |
| Investing Cash Flow | -241.20M | -246.99M | -147.93M | -102.49M | -51.69M |
| Financing Cash Flow | -72.50M | -181.76M | -81.93M | 32.93M | -86.32M |
Fugro NV Technical Analysis
Negative
10.81
Price Trends
10.92
Negative
10.85
Negative
10.05
Negative
Market Momentum
-0.40
Negative
42.37
Neutral
36.20
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:FUR, the sentiment is Negative. The current price of 10.81 is above the 20-day moving average (MA) of 9.77, below the 50-day MA of 10.92, and above the 200-day MA of 10.05, indicating a bearish trend. The MACD of -0.40 indicates Negative momentum. The RSI at 42.37 is Neutral, neither overbought nor oversold. The STOCH value of 36.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NL:FUR.
Fugro NV Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | €5.16B | 9.01 | 15.92% | 4.27% | -1.27% | 67.83% | |
74 Outperform | €2.66B | 20.48 | 25.42% | 2.44% | 7.27% | 44.67% | |
71 Outperform | €5.35B | 6.73 | 9.56% | 3.46% | 18.18% | 510.77% | |
70 Outperform | €2.97B | 20.05 | 14.59% | 2.85% | -2.40% | -13.52% | |
68 Neutral | €3.14B | 14.06 | 11.89% | 2.69% | 9.06% | 160.53% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €1.08B | -52.96 | -1.54% | 8.99% | -18.78% | -107.52% |
* General Sector Average
NL:FUR
Fugro NV
9.81
-2.52
-20.45%
NL:ARCAD
Arcadis NV
34.66
-6.70
-16.19%
NL:BAMNB
Koninklijke Bam Groep NV
11.28
4.03
55.54%
NL:HEIJM
Heijmans N.V.
95.30
40.75
74.69%
NL:SBMO
SBM Offshore NV
31.56
9.22
41.28%
NL:VPK
Royal Vopak NV
47.28
7.77
19.65%
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.