Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
DEME Group NV is a global leader in specialized marine engineering, providing sustainable solutions in offshore energy, dredging, marine infrastructure, and environmental works. With nearly 150 years of experience and over 5,800 skilled professionals, the company operates one of the world's largest and most advanced fleets of vessels, delivering tailor-made, innovative projects safely and efficiently. Its activities are structured into key segments: DEME Offshore Energy handles engineering, procurement, construction, and installation for offshore wind farms, including foundations, turbines, cables, and substations, alongside services for oil and gas such as landfalls, heavy lifts, and decommissioning. DEME Dredging & Infra focuses on capital and maintenance dredging, land reclamation, port construction, coastal protection, and marine aggregates. DEME Environmental offers soil remediation, sediment treatment, and brownfield redevelopment, primarily in Europe. DEME Concessions invests in offshore wind, marine infrastructure, green hydrogen, and deep-sea mineral harvesting through its Global Sea Mineral Resources division. Headquartered in Belgium with a worldwide presence, DEME Group NV addresses global challenges like energy transition and climate change through pioneering technologies and diversified operations.
€181.80
€1.80 (-0.98%)
EOD Jun 23, 2026 · Twelve Data
10.22% operating margin is respectable but not wide. ROIC at 9.76%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue growth slowed to 1.3%, essentially flat. This is a business that needs a catalyst.
Free cash flow declined 73% versus the prior year, cash generation momentum has weakened.
13.3x earnings, 21.9x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€4.15B
▲ +1.3% YoY
Net Income (TTM)
€352M
▲ +19.1% YoY
Op. Margin
10.22%
▲ +1.5pp YoY
ROIC
9.76%
▲ +0.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€214M
▼ -73.0% YoY
Op. Cash Flow (TTM)
€279M
▼ -73.8% YoY
Net Debt
€391M
Cash & Equiv.
€846M
3Y CAGR: +16.1%
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At a P/E of 13.3 and a price-to-free-cash-flow of 21.9, DEME Group NV (DEME.XBRU) trades around a two-stage DCF intrinsic value of about €207.36 per share, so at €181.80 the stock looks around fair value (14.1% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, DEME Group NV scores 82/100 on Intrinsiqq's quality scorecard (a high-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 2.1%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about €207.36 per share for DEME.XBRU, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around €155.52. At today's €181.80, that puts the stock about 14.1% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
DEME Group NV scores 82 out of 100 on Intrinsiqq's quality score, passing 6 of 8 checks, which makes it a high-quality business on these measures. Recent fundamentals include a 10.2% operating margin and a 9.8% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full check-by-check breakdown is on the quality scorecard.
Yes, DEME Group NV pays a regular dividend of about €3.74 per share per year (typically in quarterly installments), a yield of roughly 2.1% at the current price. That is a payout ratio of about 27.2% of earnings, so the dividend is amply covered by earnings. DEME Group NV has grown the dividend at roughly 47.2% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For DEME.XBRU's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. DEME.XBRU currently trades around its estimated intrinsic value and scores 82/100 on quality (high-quality). It also yields about 2.1%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.