Koninklijke Heijmans N.V (HEIJM) Fair Value & Analysis
Industrials · NL · Market cap €2.7B
Fair value as of: Jul 17, 2026
From 24 valuation models · updated 24 days ago
Share price −13.0% over the past month.
A solid business, screening 13% undervalued on our models.
What matters now
- Our model range runs from €74.51 (bear) to €124.19 (bull), base €99.35. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 58/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.
How to read this chart
60‑month range €7.47 – €117.10 · fair‑value band €74.51 – €124.19 · the €87.90 price screens below the €99.35 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.
Analysis
Koninklijke Heijmans N.V (HEIJM) currently trades at €87.90, while our model-based Fair Value estimate is €99.35, implying the stock looks roughly 13.0% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Koninklijke Heijmans N.V generated revenue of €2.8B at a net margin of 4.7%. Revenue grew 6.9% year over year. It earns a return on equity of 25.8%. Net debt stands at €33.0M. Fundamentals as of Jul 17, 2026
Our scenario range runs from €74.51 (bear case) to €124.19 (bull case); at €87.90, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 20% below its 52-week high and 80% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 13%, HEIJM screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 24 models by family
Widest divergence: DCF Models (€110.14) versus Asset-Based (€13.36). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 60 · Market factors (momentum, volatility) 63
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Koninklijke Heijmans N.V. engages in the real estate, construction, and infrastructure businesses in the Netherlands and internationally. It focuses on the development of large and smaller-scale projects in urban and out-of-town areas, as well as acts as an initiator, developer, and seller of residential properties.
Full company description
Koninklijke Heijmans N.V. engages in the real estate, construction, and infrastructure businesses in the Netherlands and internationally. It focuses on the development of large and smaller-scale projects in urban and out-of-town areas, as well as acts as an initiator, developer, and seller of residential properties. The company is also involved in building homes; and the restoration, redevelopment, renovation, maintenance, and service of existing housing stock. In addition, it designs, realizes, and maintains electro-technical and mechanical installations; and realizes large-scale and complex construction contracts in the customer and market segments of health care, government and semi-government organizations, commercial property, datacentres, and the high-tech clean industry such as, laboratories. Further, the company focuses on the construction, improvement and maintenance of road infrastructure, and public spaces, including related installations and on-site objects. The company was formerly known as Heijmans N.V. and changed its name to Koninklijke Heijmans N.V. in September 2023. Koninklijke Heijmans N.V. was founded in 1923 and is headquartered in Rosmalen, the Netherlands.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Koninklijke Heijmans N.V reported revenue of €2.8B in FY2025 versus €1.7B in FY2021, a compound +12.2%/yr. Reported net income was €130M in FY2025, compounding +26.8%/yr from FY2021.
Watch HEIJM: get an alert when its fair value changes →
Peer Group
Engineering & Construction · 837 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Engineering & Construction median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Larsen & Toubro Limited LT | ₹3,815 | ₹1,994 | -48% |
| Samsung C&T Corporation 028260 | 346,000 KRW | 268,779 KRW | -22% |
| Hyundai Engineering & Construction Co 000720 | 99,000 KRW | 63,993 KRW | -35% |
| United Integrated Services Co 2404 | 1,250 TWD | 925.62 TWD | -26% |
| Samsung E&A Co 028050 | 42,550 KRW | 44,840 KRW | +5% |
| Rail Vikas Nigam Limited RVNL | ₹232.67 | ₹61.46 | -74% |
| Daewoo Engineering & Construction Co 047040 | 16,240 KRW | 6,507 KRW | -60% |
| NBCC (India) Limited NBCC | ₹96.32 | ₹48.22 | -50% |
| Cemindia Projects Limited CEMPRO | ₹1,330 | ₹730.69 | -45% |
| KEPCO Engineering & Construction Company 052690 | 92,700 KRW | 20,172 KRW | -78% |
Compare Koninklijke Heijmans N.V with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Industrials stocks →
Frequently asked questions
Is Koninklijke Heijmans N.V (HEIJM) overvalued or undervalued?
What is the fair value of HEIJM?
What is the quality score of HEIJM?
What is the revenue of Koninklijke Heijmans N.V (HEIJM)?
What is the net profit margin of HEIJM?
Does Koninklijke Heijmans N.V pay a dividend?
How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
Track Koninklijke Heijmans N.V and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.