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Heijmans Valuation Multiples

Discover revenue and EBITDA valuation multiples for Heijmans and similar public comparables like Arcadis, Bilfinger, Koninklijke Bam Groep, Ventia and more.

Heijmans Overview

About Heijmans

Koninklijke Heijmans NV operates in the construction and public works sector in the Netherlands. Its activities include construction and maintenance of infrastructures: public spaces, highways, bridges, pipelines, roads, tram lines, etc; construction and restoration of buildings: houses, offices, schools, hospitals, stadiums, industrial sites, etc.; servicing and maintenance of buildings and installations.


Founded

1923

HQ

Netherlands

Employees

5.4K

Financials (LTM)

Revenue: $3B
EBITDA: $316M

EV

$3B

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Heijmans Financials

Heijmans reported last 12-month revenue of $3B and EBITDA of $316M.

In the same LTM period, Heijmans generated $586M in gross profit, $316M in EBITDA, and $172M in net income.


Heijmans P&L

In the most recent fiscal year, Heijmans reported revenue of $3B and EBITDA of $299M.

Heijmans is profitable as of last fiscal year, with gross margin of 16%, EBITDA margin of 9%, and net margin of 5%.

See analyst estimates for Heijmans
LTMLast FY202320242025202620272028
Revenue$3B$3B$2B$3B$3B
Gross Profit$586M$509M$334M$392M$509M
Gross Margin17%16%14%13%16%
EBITDA$316M$299M$157M$222M$282M
EBITDA Margin9%9%6%7%9%
EBIT Margin7%7%3%4%6%
Net Profit$172M$154M$69M$104M$151M
Net Margin5%5%3%3%5%

Financial data powered by Morningstar, Inc.

Heijmans Stock Performance

Heijmans has current market cap of $4B, and enterprise value of $3B.


Heijmans' stock price is $128.85.

Heijmans share price increased by 4.6% in the last 30 days, and by 102.5% in the last year.

Heijmans has an EPS (earnings per share) of $5.61.

See more trading valuation data for Heijmans
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$3B$4B2.3%4.6%45.3%102.5%$5.61

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Heijmans Valuation Multiples

Heijmans trades at 1.0x EV/Revenue multiple, and 11.0x EV/EBITDA.

See NTM and 2027E valuation multiples for Heijmans

Heijmans Financial Valuation Multiples

As of June 14, 2026, Heijmans has market cap of $4B and EV of $3B.

Heijmans has a P/E ratio of 20.6x.

LTMLast FY202320242025202620272028
EV/Revenue1.0x1.1x1.4x1.2x1.1x
EV/EBITDA11.0x11.7x22.2x15.6x12.3x
EV/EBIT14.8x16.1x44.9x27.3x18.7x
EV/Gross Profit5.9x6.8x10.4x8.9x6.8x
P/E20.6x23.0x51.2x34.0x23.5x
EV/FCF15.4x13.2x74.2x13.7x13.2x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Heijmans Valuation Multiples

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Heijmans Margins & Growth Rates

Heijmans grew revenue by 10% and EBITDA by 13% in the last fiscal year.

In the most recent fiscal year, Heijmans reported gross margin of 16%, EBITDA margin of 9%, and net margin of 5%.

See estimated margins and future growth rates for Heijmans

Heijmans Margins

Last FY202420252026202720282029
Gross Margin16%13%16%17%
EBITDA Margin9%7%9%9%
EBIT Margin7%4%6%7%
Net Margin5%3%5%5%
FCF Margin8%8%8%5%

Heijmans Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth10%22%7%12%
Gross Profit Growth20%17%30%20%
EBITDA Growth13%42%27%20%
EBIT Growth19%65%46%39%
Net Profit Growth26%51%45%28%
FCF Growth(27%)440%4%(27%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Heijmans Operational KPIs

Heijmans' revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.1M for the same period.

Heijmans' Rule of 40 is 22% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Heijmans' Rule of X is 40% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for Heijmans
LTMLast FY202320242025202620272028
Rule of 4017%22%---
Bessemer Rule of X30%40%---
Revenue per Employee-$0.6M---
Opex per Employee-$0.1M---
S&M Expenses to Revenue-2%2%1%2%
Opex to Revenue-10%10%9%10%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Heijmans Competitors

Heijmans competitors include Arcadis, Bilfinger, Koninklijke Bam Groep, Ventia, Guangdong Expressway, Downer EDI, Elecnor, Comsys Holdings, Grenergy Renovables and DOF Group.

Most Heijmans public comparables operate across Construction & Engineering and Road Infrastructure.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Arcadis0.8x1.0x7.1x7.2x
Bilfinger0.5x0.5x6.3x6.4x
Koninklijke Bam Groep0.4x0.4x6.2x6.5x
Ventia1.0x1.0x10.8x10.9x
Guangdong Expressway6.6x6.7x6.9x7.9x
Downer EDI0.6x0.6x8.5x7.9x
Elecnor0.6x0.6x10.5x10.1x
Comsys Holdings0.9x0.9x9.8x8.7x

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About Heijmans

When was Heijmans founded?Heijmans was founded in 1923.
Where is Heijmans headquartered?Heijmans is headquartered in Netherlands.
How many employees does Heijmans have?As of today, Heijmans has over 5K employees.
Is Heijmans publicly listed?Yes, Heijmans is a public company listed on Euronext Amsterdam.
What is the stock symbol of Heijmans?Heijmans trades under HEIJM ticker.
When did Heijmans go public?Heijmans went public in 1993.
Who are competitors of Heijmans?Heijmans main competitors include Arcadis, Bilfinger, Koninklijke Bam Groep, Ventia, Guangdong Expressway, Downer EDI, Elecnor, Comsys Holdings, Grenergy Renovables, DOF Group.
What is the current market cap of Heijmans?Heijmans' current market cap is $4B.
What is the current revenue of Heijmans?Heijmans' last 12 months revenue is $3B.
What is the current revenue growth of Heijmans?Heijmans revenue growth (NTM/LTM) is 8%.
What is the current EV/Revenue multiple of Heijmans?Current revenue multiple of Heijmans is 1.0x.
What is the current EBITDA of Heijmans?Heijmans' last 12 months EBITDA is $316M.
What is Heijmans' EBITDA margin?Heijmans' last 12 months EBITDA margin is 9%.
What is the current EV/EBITDA multiple of Heijmans?Current EBITDA multiple of Heijmans is 11.0x.
What is the current FCF of Heijmans?Heijmans' last 12 months FCF is $226M.
What is Heijmans' FCF margin?Heijmans' last 12 months FCF margin is 7%.
What is the current EV/FCF multiple of Heijmans?Current FCF multiple of Heijmans is 15.4x.
How many companies Heijmans has acquired to date?Heijmans hasn't acquired any companies yet (or none have been disclosed publicly).
In how many companies Heijmans has invested to date?Heijmans hasn't invested in any companies yet (or none have been disclosed publicly).

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