Degroof Petercam ups CFE to 'buy' on strong results and risk management

Compagnie dentreprises CFE SA

25/02/2026 10:41

** Degroof Petercam raises Belgian construction firm CFE CFEB.BR to "buy" from "hold", citing a strong finish to 2025 and improved risk management

** It notes FY25 net profit rose 40% year-on-year to EUR 33.5 million ($39.47 million), well above expectations, driven by strong performance in its Construction and Real Estate units

** CFE guides for a similar net profit in 2026, aiming to "make optimal use of its strong cash position to seize new growth opportunities," says Degroof Petercam in a note

** The broker flags that the company ended 2025 with a net cash position of EUR 44 million, a "spectacular improvement" from expected net debt, driven by strong operating cash flow

** Degroof Petercam raises its PT by 40% to EUR 14, noting the market is recovering and the improving quality of CFE's project backlog should lift profits

** Among the 6 analysts covering CFE, three rate the stock "strong buy" or "buy" and ​three rate "hold" - LSEG data

($1 = 0.8487 euros)

(Reporting by Clement Martinot)

((Clement.Martinot@thomsonreuters.com;))