The market has mistakenly punished Fugro for temporary headwinds, creating a chance to buy a solid business at an exceptionally cheap price. Investors are overlooking a potential 20% FCF yield, which is currently masked by strategic growth spending. With a proven management team and multiple secular tailwinds, I believe Fugro has a clear path to generating higher cash flow growth.
Fugro's Q1 2024 results showed weaker revenue and margins, but management remains confident in achieving mid-term EBIT margin targets. Strong free cash flow generation and a healthy balance sheet position Fugro well, with net debt at just 0.5x trailing EBITDA despite heavy capex. Current valuation is attractive, with Fugro trading at a low EV/EBITDA multiple and consensus estimates projecting significant EBITDA growth by 2027.
Fugro N.V. (OTCPK:FUGRF) Q4 2024 Earnings Conference Call February 28, 2025 5:00 AM ET Company Participants Mark Heine - Chief Executive Officer Barbara Geelen - Chief Financial Officer Catrien van Buttingha Wichers - Director, Investor Relations Conference Call Participants Thijs Berkelder - ABN-Amro ODDO BHF Quirijn Mulder - ING Michael Roeg - Degroof Petercam Mark Heine Very welcome to the 2024 full year results presentation of Fugro. A very welcome to everyone here in the room, but also online.
FUGR FUGRF In 9 months Estimated | Annual | $0.78 Per Share |
FUGR FUGRF 2 months ago Paid | Annual | $0.78 Per Share |
FUGR FUGRF 2 months ago | Other | $0.88 Per Share |
FUGR FUGRF 29 Apr 2024 Paid | Annual | $0.47 Per Share |
FUGR FUGRF 8 May 2014 | Other | $3.53 Per Share |
FUGR FUGRF 10 May 2013 Paid | Annual | $3.53 Per Share |
1 Aug 2025 (In 3 weeks) Date | | - Cons. EPS | - EPS |
25 Apr 2025 Date | | - Cons. EPS | - EPS |
1 Aug 2024 Date | | - Cons. EPS | - EPS |
25 Apr 2024 Date | | - Cons. EPS | - EPS |
FUGR FUGRF In 9 months Estimated | Annual | $0.78 Per Share |
FUGR FUGRF 2 months ago Paid | Annual | $0.78 Per Share |
FUGR FUGRF 2 months ago | Other | $0.88 Per Share |
FUGR FUGRF 29 Apr 2024 Paid | Annual | $0.47 Per Share |
FUGR FUGRF 8 May 2014 | Other | $3.53 Per Share |
FUGR FUGRF 10 May 2013 Paid | Annual | $3.53 Per Share |
1 Aug 2025 (In 3 weeks) Date | | - Cons. EPS | - EPS |
25 Apr 2025 Date | | - Cons. EPS | - EPS |
1 Aug 2024 Date | | - Cons. EPS | - EPS |
25 Apr 2024 Date | | - Cons. EPS | - EPS |
Oil & Gas Equipment & Services Industry | Energy Sector | Mr. Mark Rembold Frodo Heine CEO | OTC PINK Exchange | - ISIN |
Netherlands Country | 11,000 Employees | 29 Apr 2025 Last Dividend | 21 Dec 2020 Last Split | - IPO Date |
Fugro N.V., established in 1962 and headquartered in Leidschendam, the Netherlands, operates globally, serving the infrastructure, energy, and water industries by providing comprehensive geo-data services. The company, through its extensive network of subsidiaries, spans its operations across Europe, Africa, the Americas, the Asia Pacific, the Middle East, and India. Fugro's mission is to deliver critical data and insights about the earth and structures, seamlessly integrating its services in the planning, design, construction, operation, and eventual decommissioning phases of various projects.
This service encompasses a suite of solutions that include geophysical surveys, geotechnical investigations, and hydrography. These solutions are designed to support projects by providing crucial subsurface information, aiding in the assessment and management of geological risks. Additionally, Fugro's geo-consulting solutions offer ground modeling and geohazard risk assessment services, tailored to address specific challenges within marine environments.
Fugro provides comprehensive services for the integrity and operational efficiency of offshore assets. This includes real-time monitoring and forecasting of environmental conditions such as weather and currents. They also offer subscription-based signals and positioning solutions, enhancing safety and productivity in offshore operations. Furthermore, Fugro's construction support solutions cover survey systems, inspection, and monitoring solutions, which entail the acquisition and analysis of critical inspection data to ensure asset reliability and compliance.
Similar to its marine counterparts, Fugro's land site characterization offers geotechnical investigations, geophysical surveys, monitoring, and testing solutions. These services are crucial in comprehensively understanding the subsurface conditions of terrestrial projects, enabling informed decision-making. Geo-consulting offerings extend to geohazard risk assessment, foundation advice, water resource management, and flood control, encapsulating a wide range of environmental and geological consulting needs.
Targeting infrastructure such as rail, roads, and power lines, Fugro provides geospatial data acquisition services designed to map, inspect, and advise on the integrity and condition of these assets. Through meticulous data collection and analysis, Fugro supports the maintenance, safety, and operations of vital land infrastructures, ensuring their longevity and efficiency.