GICS Sector : Industrials
Aalberts N.V. engineers mission-critical technologies.The company operates in two segments: Building Technology and Industrial Technology.The Building Technology segment develops, manufactures, and monitors hydronic flow control systems for heating and cooling to enhance the energy efficiency; and develops, designs, and manufactures integrated piping systems to distribute and regulate water or gas flows in heating, cooling, water, gas, and sprinkler systems in eco-friendly buildings and industrial niches.
Aalberts reported revenue of EUR 3.1 billion, a 2.5% negative organic growth, and EBITDA of EUR 410 million, representing 13.2% of revenue. The company's EPS came in at EUR 0.2606, significantly lower than the estimated EUR 1.16. The weak performance was largely due to end market softness, although the company made progress in operational excellence, free cash flow improvement, and portfolio optimization. The free cash flow was strong at EUR 360 million, with a conversion rate of 64%.
Publication Date: Mar -01
The building segment saw a resumption of growth with 1.3% organic growth, but margins were challenging at 11.7%. The industry segment experienced better organic growth than last year but still recorded a decline of 2.8%, with solid margins at 17.2%. The semicon segment faced destocking challenges, but growth is expected in the backend segment. As Stephane Simonetta stated, "we expect a recovery in the semicon market in the second half of 2026, driven by growing demand and the impact of our recent acquisitions."
Aalberts' EBITDA margin decreased to 13.2% from 14.2% in 2024, impacted by end market softness, acquisitions, and divestments. Net debt increased to EUR 1.53 billion, resulting in a leverage ratio of 1.8. The company's solvency ratio stood at 56.1%. The return on capital employed (ROCE) decreased to 12.7%, and the net working capital improved due to lower inventories and a three-day improvement in accounts receivable.
Aalberts expects to improve organic growth and EBITDA margin in 2026, driven by operational excellence and managing short-term dynamics. The company's guidance suggests a revenue growth rate of around 4.4% in 2026, according to analyst estimates. With a current P/E Ratio of 42.89 and EV/EBITDA of 14.84, the market seems to be pricing in a significant recovery. The Dividend Yield stands at 3.21%, indicating an attractive return for income investors.
Aalberts is focused on its Thrive 2030 strategy, with progress made on all four strategic actions. The company is prioritizing profitable growth, leadership position, the Aalberts way, and sustainable commitment. With a proposed dividend of EUR 1.15 and a new share buyback program of EUR 75 million, the company is committed to returning value to shareholders.
Aalberts reports the progress of its share buyback programme 6 April – 10 April 2026
Apr -14
Aalberts N.V. (AMS:AALB) Will Pay A €1.15 Dividend In Four Days
Apr -08
Aalberts reports the progress of its share buyback programme 30 March – 03 April 2026
Apr -07
Aalberts reports the progress of its share buyback programme 23 – 27 March 2026
Mar -31
Aalberts reports the progress of its share buyback programme 16 – 20 March 2026
Mar -24
Aalberts reports the progress of its share buyback programme 09 – 13 March 2026
Mar -17
Is Aalberts (ENXTAM:AALB) Attractively Priced After Recent Share Price Weakness?
Mar -17
Aalberts N.V.: Aalberts completes divestment Broen in Denmark
Mar -12
Aalberts N.V.'s Building Technology segment growth of 3.5% is driven by increasing demand for energy-efficient solutions, rising adoption of digital building technologies, and growing investments in sustainable infrastructure. Additionally, the segment benefits from Aalberts' strong market position, innovative product offerings, and strategic acquisitions.
Aalberts N.V.'s Industrial Technology segment growth of 4.5% is driven by increasing demand for sustainable and energy-efficient solutions, expansion in emerging markets, and strategic acquisitions. Additionally, investments in digitalization and Industry 4.0 technologies enhance operational efficiency and drive innovation, further fueling growth.
Aalberts N.V. designs and manufactures heat exchangers for various industries, including oil and gas, chemical processing, and power generation.
Aalberts N.V. provides flow control systems for the oil and gas, chemical, and power industries, including valves, actuators, and control systems.
Aalberts N.V. manufactures industrial pumps for various industries, including oil and gas, chemical processing, and power generation.
Aalberts N.V. provides surface treatment solutions, including coatings, plating, and anodizing, for various industries, including aerospace, automotive, and industrial manufacturing.
Aalberts N.V. designs and manufactures fluid control systems, including valves, pumps, and control systems, for various industries, including oil and gas, chemical processing, and power generation.
Aalberts N.V. provides heat transfer solutions, including heat exchangers, coolers, and condensers, for various industries, including oil and gas, chemical processing, and power generation.
Aalberts N.V. operates in a niche market with limited substitutes, but the threat of substitutes is still present due to the increasing competition in the industrial manufacturing sector.
Aalberts N.V. has a diverse customer base, which reduces the bargaining power of individual customers. Additionally, the company's products are often customized, making it difficult for customers to switch suppliers.
Aalberts N.V. relies on a few large suppliers for raw materials, which gives them some bargaining power. However, the company's long-term relationships with suppliers and its diversified supply chain mitigate this risk.
The industrial manufacturing sector has high barriers to entry, including significant capital requirements and the need for specialized expertise. This makes it difficult for new entrants to compete with established players like Aalberts N.V.
The industrial manufacturing sector is highly competitive, with many established players competing for market share. Aalberts N.V. faces intense competition from companies like Sandvik, Kennametal, and Sumitomo Electric Industries.
| Value | |
|---|---|
| Debt Weight | 18.90% |
| Debt Cost | 7.42% |
| Equity Weight | 81.10% |
| Equity Cost | 11.39% |
| WACC | 10.64% |
| Leverage | 23.30% |
Value: 7.9
Growth: 6.3
Quality: 7.1
Yield: 3.8
Momentum: 7.0
Volatility: 3.3
1-Year Total Return ->
Value: 4.1
Growth: 3.3
Quality: 6.2
Yield: 5.6
Momentum: 5.0
Volatility: 9.0
1-Year Total Return ->
Value: 1.6
Growth: 8.1
Quality: 8.0
Yield: 3.1
Momentum: 5.0
Volatility: 3.7
1-Year Total Return ->
Value: 3.2
Growth: 6.2
Quality: 6.0
Yield: 4.4
Momentum: 3.0
Volatility: 5.7
1-Year Total Return ->
Value: 3.5
Growth: 5.8
Quality: 6.4
Yield: 4.4
Momentum: 5.0
Volatility: 2.7
1-Year Total Return ->
Value: 4.4
Growth: 3.9
Quality: 4.0
Yield: 5.6
Momentum: 1.5
Volatility: 4.3
1-Year Total Return ->