Koninklijke BAM Groep NV
AEX:BAMNB

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Koninklijke BAM Groep NV Logo
Koninklijke BAM Groep NV
AEX:BAMNB
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Price: 8.49 EUR -4.23% Market Closed
Market Cap: €2.3B

EV/EBITDA

4.2
Current
49%
More Expensive
vs 3-y median of 2.9

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
4.2
=
Enterprise Value
€1.7B
/
EBITDA
€365.4m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
4.2
=
Enterprise Value
€1.7B
/
EBITDA
€365.4m

Valuation Scenarios

Koninklijke BAM Groep NV is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (2.9), the stock would be worth €5.7 (33% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-94%
Maximum Upside
+192%
Average Upside
40%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 4.2 €8.49
0%
3-Year Average 2.9 €5.7
-33%
5-Year Average 0.2 €0.47
-94%
Industry Average 8.3 €16.51
+94%
Country Average 12.4 €24.78
+192%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
€1.7B
/
Jan 2026
€365.4m
=
4.2
Current
€1.7B
/
Dec 2026
€391.5m
=
4.4
Forward
€1.7B
/
Dec 2027
€417.7m
=
4.2
Forward
€1.7B
/
Dec 2028
€475.2m
=
3.7
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
NL
Koninklijke BAM Groep NV
AEX:BAMNB
2.3B EUR 4.2 10.3
JP
Sumitomo Densetsu Co Ltd
TSE:1949
35.2T JPY 10.9 19.9
US
Quanta Services Inc
NYSE:PWR
82.3B USD 35.5 80.1
FR
Vinci SA
PAR:DG
70.1B EUR 6.4 14.3
IN
Larsen & Toubro Ltd
NSE:LT
5T INR 18.3 30.1
IN
Larsen and Toubro Ltd
F:LTO
45.4B EUR 18.1 29.9
US
Comfort Systems USA Inc
NYSE:FIX
48.1B USD 32.4 47
ES
Ferrovial SA
MAD:FER
39.6B EUR 31.5 44.4
NL
Ferrovial SE
AEX:FER
39.6B EUR 31.3 44.2
DE
Hochtief AG
XETRA:HOT
29.6B EUR 10.6 31.5
US
EMCOR Group Inc
NYSE:EME
32.6B USD 17.9 25.6
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
NL
Koninklijke BAM Groep NV
AEX:BAMNB
Average EV/EBITDA: 19.7
4.2
9%
0.5
JP
Sumitomo Densetsu Co Ltd
TSE:1949
10.9
N/A N/A
US
Quanta Services Inc
NYSE:PWR
35.5
22%
1.6
FR
Vinci SA
PAR:DG
6.4
5%
1.3
IN
Larsen & Toubro Ltd
NSE:LT
18.3
18%
1
IN
Larsen and Toubro Ltd
F:LTO
18.1
18%
1
US
Comfort Systems USA Inc
NYSE:FIX
32.4
16%
2
ES
Ferrovial SA
MAD:FER
31.5
10%
3.2
NL
Ferrovial SE
AEX:FER
31.3
10%
3.1
DE
H
Hochtief AG
XETRA:HOT
10.6
3%
3.5
US
EMCOR Group Inc
NYSE:EME
17.9
7%
2.6

Market Distribution

Lower than 89% of companies in Netherlands
Percentile
11th
Based on 490 companies
11th percentile
4.2
Low
0 — 7.9
Typical Range
7.9 — 19.3
High
19.3 —
Distribution Statistics
Netherlands
Min 0
30th Percentile 7.9
Median 12.4
70th Percentile 19.3
Max 706

Koninklijke BAM Groep NV
Glance View

Koninklijke BAM Groep NV, commonly known as BAM, is a titan in the European construction sector, with roots stretching back to 1869. Headquartered in the Netherlands, this colossal entity has masterfully woven itself into the very fabric of Europe’s infrastructure through a diverse portfolio of construction and engineering projects. The company operates through various segments including construction and property, civil engineering, and public-private partnerships (PPP). Its activities range from building residential and commercial properties to constructing vital roads, railways, and other infrastructural necessities. BAM’s specialization in sustainable building solutions showcases its commitment not only to innovation but also to an environmentally conscious approach in its operations. Sustainability is ingrained in its core mission, aiming not just to build, but to innovate and shape a sustainable future. What truly sets BAM apart is its integrated approach across the construction value chain. The company doesn’t just erect structures; it manages projects from conception through to completion, ensuring seamless delivery. Through its PPP model, BAM collaborates with governmental bodies to finance, design, construct, and often operate major infrastructure projects, creating a steady flow of revenue while diversifying financial risk. This model allows BAM to stand resilient during economic ebbs and flows, balancing its traditional contracting services with long-term asset management. Its strategic emphasis on forging strong client relationships and leveraging its vast expertise ensures a steady pipeline of projects, positioning BAM not merely as another construction firm, but as a cornerstone in the evolving landscape of European infrastructure development.

BAMNB Intrinsic Value
11.28 EUR
Undervaluation 25%
Intrinsic Value
Price
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