Bilfinger
WBAG:GBF
GBF
WBAG
€1B
Market Cap
Company description
Bilfinger SE provides engineering and other industrial services to customers in the process industry. The last earnings update was 43 days ago. More info.
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GBF Share Price and Events
7 Day Returns
-2.3%
WBAG:GBF
0.9%
Europe Commercial Services
-0.6%
AT Market
1 Year Returns
-17.2%
WBAG:GBF
2.1%
Europe Commercial Services
-2.8%
AT Market
GBF Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Bilfinger (GBF) | -2.3% | 5.1% | 13% | -17.2% | - | - |
| Europe Commercial Services | 0.9% | 8.8% | 12.2% | 2.1% | 8.9% | 6.4% |
| AT Market | -0.6% | 6.8% | 8.3% | -2.8% | 42.9% | 29.6% |
1 Year Return vs Industry and Market
- GBF underperformed the Commercial Services industry which returned 2.1% over the past year.
- GBF underperformed the Market in Austria which returned -2.8% over the past year.
GBF Value
Is Bilfinger undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Bilfinger
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data
Below are the data sources, inputs and calculation used to determine the intrinsic value for Bilfinger.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 6 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 6.2% |
| Perpetual Growth Rate | 10-Year AT Government Bond Rate | 0.5% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year AT Govt Bond Rate | 0.5% |
| Equity Risk Premium | S&P Global | 6% |
| Commercial Services Unlevered Beta | Simply Wall St/ S&P Global | 0.74 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 30%) (39.89%)) |
0.96 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.96 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (0.96 * 5.96%) |
6.23% |
Discounted Cash Flow Calculation for WBAG:GBF using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Bilfinger is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (EUR, Millions) | Source |
Present Value Discounted (@ 6.23%) |
|
|---|---|---|---|
| 2019 | 67.00 | Analyst x1 | 63.07 |
| 2020 | 237.00 | Analyst x2 | 210.01 |
| 2021 | 60.59 | Analyst x1 | 50.54 |
| 2022 | 10.37 | Est @ -82.89% | 8.14 |
| 2023 | 4.37 | Est @ -57.87% | 3.23 |
| 2024 | 2.60 | Est @ -40.36% | 1.81 |
| 2025 | 1.87 | Est @ -28.1% | 1.23 |
| 2026 | 1.51 | Est @ -19.52% | 0.93 |
| 2027 | 1.30 | Est @ -13.51% | 0.76 |
| 2028 | 1.18 | Est @ -9.3% | 0.65 |
| Present value of next 10 years cash flows | €340.36 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= €1.18 × (1 + 0.51%) ÷ (6.23% – 0.51%) |
€20.77 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= €20.77 ÷ (1 + 6.23%)10 |
€11.35 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= €340.36 + €11.35 |
€351.71 |
| Equity Value per Share (EUR) |
= Total value / Shares Outstanding
= €351.71 / 40.27 |
€8.73 |
| Calculation | Result | |
|---|---|---|
| Non-primary Listing Adjustment Factor |
1 share in WBAG:GBF
represents 1.00063x
of
DB:GBF
(This could be a different class, a depositary receipt, a different currency, or all of these things.) |
1.00063x |
| Value per Share (Listing Adjusted, EUR) |
= Value per Share (EUR) x Listing Adjustment Factor
= € 8.73 x 1.00063 |
€8.74 |
| Value per share (EUR) | From above. | €8.74 |
| Current discount | Discount to share price of
€31.92
= -1 x (€31.92 - €8.74) / €8.74 |
-265.3% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Bilfinger is above its future cash flow value.
Often investors are willing to pay a
premium
for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Bilfinger's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Bilfinger's earnings available for a low price, and how does
this compare to other companies in the same industry?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in EUR | €-0.51 |
| DB:GBF Share Price ** | DB (2019-04-25) in EUR | €31.9 |
| Europe Commercial Services Industry PE Ratio | Median Figure of 105 Publicly-Listed Commercial Services Companies | 17.06x |
| Austria Market PE Ratio | Median Figure of 52 Publicly-Listed Companies | 14.58x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Bilfinger.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = DB:GBF Share Price ÷ EPS (both in EUR) = 31.9 ÷ -0.51 |
-62.98x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Bilfinger is loss making, we can't compare its value to the Europe Commercial Services industry average.
- Bilfinger is loss making, we can't compare the value of its earnings to the Austria market.
Price based on expected Growth
Does
Bilfinger's expected growth come at a high price?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -62.98x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts |
69.6%per year |
| Europe Commercial Services Industry PEG Ratio | Median Figure of 53 Publicly-Listed Commercial Services Companies | 1.4x |
| Austria Market PEG Ratio | Median Figure of 32 Publicly-Listed Companies | 1.19x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Bilfinger, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Bilfinger's
assets?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in EUR | €30.24 |
| DB:GBF Share Price * | DB (2019-04-25) in EUR | €31.9 |
| Europe Commercial Services Industry PB Ratio | Median Figure of 143 Publicly-Listed Commercial Services Companies | 1.54x |
| Austria Market PB Ratio | Median Figure of 60 Publicly-Listed Companies | 1.26x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = DB:GBF Share Price ÷ Book Value per Share (both in EUR) = 31.9 ÷ 30.24 |
1.06x |
* Primary Listing of Bilfinger.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Bilfinger is good value based on assets compared to the Europe Commercial Services industry average.
X
Value checks
We assess Bilfinger's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check) Bilfinger has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
GBF Future Performance
How is Bilfinger expected to perform in the next 1 to 3 years based on estimates from 6 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
69.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is
Bilfinger
expected to grow at an
attractive
rate?
- Bilfinger's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
- Bilfinger's earnings growth is expected to exceed the Austria market average.
- Bilfinger's revenue growth is expected to exceed the Austria market average.
Annual Growth Rates Comparison
Raw Data
| Data Point | Source | Value (per year) |
|---|---|---|
| WBAG:GBF Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts | 69.6% |
| WBAG:GBF Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts | 3.1% |
| Europe Commercial Services Industry Earnings Growth Rate | Market Cap Weighted Average | 21.3% |
| Europe Commercial Services Industry Revenue Growth Rate | Market Cap Weighted Average | 4.3% |
| Austria Market Earnings Growth Rate | Market Cap Weighted Average | 9.4% |
| Austria Market Revenue Growth Rate | Market Cap Weighted Average | 2.8% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
Raw Data
All numbers in EUR Millions and using
Trailing twelve months (TTM)
annual period rather than quarterly.
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 4,509 | 118 | 3 | |
| 2020-12-31 | 4,465 | 326 | 112 | 6 |
| 2019-12-31 | 4,284 | 49 | 5 |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 4,153 | 35 | -21 |
| 2018-09-30 | 4,120 | -16 | -18 |
| 2018-06-30 | 4,069 | -25 | -40 |
| 2018-03-31 | 4,011 | -103 | -109 |
| 2017-12-31 | 4,044 | -83 | -143 |
| 2017-09-30 | 4,036 | -165 | -193 |
| 2017-06-30 | 4,061 | -108 | -248 |
| 2017-03-31 | 4,163 | -179 | -269 |
| 2016-12-31 | 4,249 | -327 | -280 |
| 2016-09-30 | 4,487 | -123 | -227 |
| 2016-06-30 | 4,738 | -113 | -256 |
| 2016-03-31 | 6,395 | -7 | -20 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
All data from Bilfinger Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 2.51 | 2.65 | 2.38 | 2.00 |
| 2020-12-31 | 2.83 | 3.75 | 1.99 | 6.00 |
| 2019-12-31 | 1.23 | 1.38 | 1.07 | 4.00 |
| Date (Data in EUR Millions) | EPS * |
|---|---|
| 2018-12-31 | -0.51 |
| 2018-09-30 | -0.43 |
| 2018-06-30 | -0.93 |
| 2018-03-31 | -2.50 |
| 2017-12-31 | -3.25 |
| 2017-09-30 | -4.38 |
| 2017-06-30 | -5.62 |
| 2017-03-31 | -6.09 |
| 2016-12-31 | -6.34 |
| 2016-09-30 | -5.13 |
| 2016-06-30 | -5.79 |
| 2016-03-31 | -0.44 |
*GAAP earnings excluding extraordinary items.
X
Bilfinger has a total score of 4/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Future performance checks
We assess Bilfinger's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Bilfinger has a total score of 4/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
GBF Past Performance
How has Bilfinger performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Below we compare
Bilfinger's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it
has maintained that growth in the year.
- Bilfinger does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
- Unable to compare Bilfinger's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare Bilfinger's 1-year growth to the Europe Commercial Services industry average as it is not currently profitable.
Earnings and Revenue History
Bilfinger's
revenue
and
profit
over the past 5 years is shown below, any years where they have experienced a
loss will show up in red.
Raw Data
All data from Bilfinger Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 4,152.60 | -21.00 | 407.60 | |
| 2018-09-30 | 4,120.20 | -18.00 | 382.30 | |
| 2018-06-30 | 4,069.20 | -40.00 | 382.30 | |
| 2018-03-31 | 4,011.20 | -109.00 | 386.30 | |
| 2017-12-31 | 4,044.20 | -143.00 | 399.30 | |
| 2017-09-30 | 4,035.60 | -193.40 | 415.70 | |
| 2017-06-30 | 4,060.60 | -248.40 | 448.50 | |
| 2017-03-31 | 4,162.60 | -269.40 | 448.70 | |
| 2016-12-31 | 4,248.60 | -280.40 | 486.50 | |
| 2016-09-30 | 4,487.10 | -226.80 | 488.20 | |
| 2016-06-30 | 4,738.10 | -255.80 | 525.20 | |
| 2016-03-31 | 6,395.30 | -19.60 | 671.90 | |
| 2015-12-31 | 5,002.10 | -573.80 | 535.20 | |
| 2015-09-30 | 5,369.30 | -527.70 | 581.70 | |
| 2015-06-30 | 5,706.30 | -363.70 | 608.70 | |
| 2015-03-31 | 5,991.30 | 105.30 | 634.70 | |
| 2014-12-31 | 6,245.30 | 121.30 | 672.70 | |
| 2014-09-30 | 6,576.50 | 132.40 | 673.60 | |
| 2014-06-30 | 6,928.50 | 133.40 | 708.60 | |
| 2014-03-31 | 7,308.50 | 144.40 | 746.60 | |
| 2013-12-31 | 7,560.50 | 177.40 | 754.60 | |
| 2013-09-30 | 7,785.50 | 186.80 | 805.80 | |
| 2013-06-30 | 7,962.50 | 183.80 | 807.80 | |
| 2013-03-31 | 8,125.50 | 212.80 | 818.80 | |
| 2012-12-31 | 8,343.50 | 242.80 | 844.80 | |
| 2012-09-30 | 8,306.50 | 252.10 | 826.80 | |
| 2012-06-30 | 8,306.50 | 256.10 | 811.80 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if Bilfinger has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if Bilfinger has efficiently used its assets last year compared to the Europe Commercial Services industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if Bilfinger improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Bilfinger has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Past performance checks
We assess Bilfinger's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Bilfinger has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
GBF Health
How is Bilfinger's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Bilfinger's finances.
The net worth of a company is the difference between its assets and liabilities.
- Bilfinger's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Bilfinger's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of
Bilfinger's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 3.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data
All data from Bilfinger Company Filings, last reported 3 months ago.
| Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 1,204.70 | 512.40 | 606.00 |
| 2018-09-30 | 1,238.00 | 511.00 | 474.00 |
| 2018-06-30 | 1,257.00 | 511.00 | 527.00 |
| 2018-03-31 | 1,304.00 | 511.00 | 656.00 |
| 2017-12-31 | 1,383.10 | 511.30 | 801.00 |
| 2017-09-30 | 1,464.00 | 511.00 | 726.00 |
| 2017-06-30 | 1,506.00 | 512.00 | 774.00 |
| 2017-03-31 | 1,571.00 | 520.00 | 966.00 |
| 2016-12-31 | 1,620.90 | 521.30 | 1,073.60 |
| 2016-09-30 | 1,623.00 | 521.00 | 1,051.00 |
| 2016-06-30 | 1,167.00 | 523.00 | 196.00 |
| 2016-03-31 | 1,284.00 | 515.00 | 392.00 |
| 2015-12-31 | 1,417.40 | 533.10 | 547.80 |
| 2015-09-30 | 1,383.00 | 548.00 | 214.00 |
| 2015-06-30 | 1,478.00 | 610.00 | 237.00 |
| 2015-03-31 | 1,960.00 | 542.00 | 308.00 |
| 2014-12-31 | 1,917.10 | 543.70 | 463.30 |
| 2014-09-30 | 1,889.00 | 543.00 | 259.00 |
| 2014-06-30 | 2,077.00 | 540.00 | 299.00 |
| 2014-03-31 | 2,182.00 | 540.00 | 451.00 |
| 2013-12-31 | 2,164.70 | 545.40 | 753.40 |
| 2013-09-30 | 2,043.00 | 535.00 | 342.00 |
| 2013-06-30 | 2,003.00 | 703.00 | 493.00 |
| 2013-03-31 | 2,118.00 | 711.00 | 735.00 |
| 2012-12-31 | 2,036.70 | 780.90 | 1,169.30 |
| 2012-09-30 | 2,058.00 | 198.00 | 291.00 |
| 2012-06-30 | 2,021.00 | 199.00 | 441.00 |
- Bilfinger's level of debt (42.5%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (25.2% vs 42.5% today).
CASH RUNWAY ANALYSIS
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
- Bilfinger has sufficient cash runway for more than 3 years based on current free cash flow.
- Bilfinger has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 4.3% each year.
X
Full details on the Health part of the Simply Wall St company analysis model.
Financial health checks
We assess Bilfinger's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Bilfinger has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
GBF Dividends
What is Bilfinger's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
3.13%
Current annual income from
Bilfinger
dividends.
Estimated to be
3.53%
next year.
If you bought
€2,000 of
Bilfinger
shares you are expected to receive
€63
in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you
can get in a
savings account?
It is up there with the
best dividend paying companies?
- Bilfinger's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.39%).
- Bilfinger's dividend is below the markets top 25% of dividend payers in Austria (4.51%).
Upcoming dividend payment
Purchase Bilfinger before the 'Buy Limit' to receive their next dividend payment.
Dividends are usually paid every 3 or 6 months, you can time your share
purchase to take advantage of upcoming dividend payments.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| Europe Commercial Services Industry Average Dividend Yield | Market Cap Weighted Average of 77 Stocks | 3% |
| Austria Market Average Dividend Yield | Market Cap Weighted Average of 50 Stocks | 3.4% |
| Austria Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| Austria Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| Austria Top 25% Dividend Yield | 75th Percentile | 4.5% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in €) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 1.17 | 3.00 |
| 2020-12-31 | 1.19 | 6.00 |
| 2019-12-31 | 1.06 | 7.00 |
| Date (Data in €) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-13 | 1.000 | 3.185 |
| 2019-02-14 | 1.000 | 3.073 |
| 2018-03-13 | 1.000 | 2.785 |
| 2018-02-14 | 1.000 | 2.730 |
| 2017-03-16 | 1.000 | 2.769 |
| 2017-02-13 | 1.000 | 2.651 |
| 2016-11-10 | 0.000 | 0.000 |
| 2016-08-12 | 0.000 | 0.000 |
| 2016-08-11 | 0.000 | 0.000 |
| 2016-05-12 | 0.000 | 0.000 |
| 2016-05-11 | 0.000 | 0.000 |
| 2016-03-16 | 0.000 | 0.000 |
| 2015-03-12 | 2.000 | 5.004 |
| 2015-02-12 | 2.000 | 3.722 |
| 2014-03-13 | 3.000 | 5.084 |
| 2014-02-11 | 3.000 | 3.362 |
| 2013-02-11 | 3.000 | 3.830 |
| 2012-03-14 | 2.500 | 3.596 |
| 2012-02-13 | 2.500 | 3.374 |
| 2011-03-30 | 2.500 | 3.957 |
| 2011-02-14 | 2.500 | 4.149 |
| 2010-02-11 | 2.000 | 3.908 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Bilfinger has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Bilfinger has only been paying a dividend for 9 years, and since then dividends per share have fallen.
X
Full details on the Dividends part of the Simply Wall St company analysis model.
Income/ dividend checks
We assess Bilfinger's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Bilfinger afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Bilfinger has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
GBF Management
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
CEO
Tom
Blades
| COMPENSATION | €4,061,000 |
| AGE | 62 |
CEO Bio
Mr. Thomas Blades, also known as Tom, has been the Chairman of the Executive Board at Bilfinger SE since July 1, 2016 and serves as its Chief Executive Officer. He was the Chief Financial Officer of Bilfinger SE from October 1, 2018 to December 1, 2018. Mr. Blades served as a Member of the Executive Board of Linde Canada Limited and Linde Aktiengesellschaft since March 8, 2012 to June 30, 2016. He served as the Chief Executive Officer of Oil & Gas for Energy Sector Division at Siemens Aktiengesellschaft since January 1, 2009. Mr. Blades served as Chief Executive Officer of The Oil & Gas Division at Siemens Energy, Inc., until February 1, 2012. He has a wealth of international experience in the oil and gas business. Mr. Blades served as President and Chief Executive Officer of CHOREN Industries GmbH since 2004 until December 31, 2008. He served as the Chief Operating Officer and Executive Vice President of Numar Corporation since 1996. Mr. Blades served as Executive Vice President of Halliburton, Houston, USA since 1997. He served as Managing Director, President and Chief Executive Officer of SPECTRO Analytical Instruments GmbH, Kleve, Germany since 1998. He spent most of his formative years with Schlumberger Ltd., Houston, Paris, the majority of which in senior management positions working in Germany, UK, Middle East, Iran and Brunei since 1978. He served as Vice President and General Manager of Schlumberger/Geco-Prakla from 1993 to 1996. He serves as a Director of Twister BV. He served as a Non Executive Director of Centrica Production Limited (formerly, Venture Production Plc) from March 16, 2006 to August 27, 2009. Mr. Blades is a Chartered Electrical Engineer by profession. He holds a Electrical Engineering in Salford (UK) and Lyon (F).
CEO Compensation
- Tom's compensation has increased whilst company is loss making.
- Tom's remuneration is higher than average for companies of similar size in Austria.
Management Team Tenure
Average tenure and age of the Bilfinger management team in years:
1.4
Average Tenure
51.5
Average Age
- The average tenure for the Bilfinger management team is less than 2 years, this suggests a new team.
Management Team
Tom Blades
TITLE
Chairman of the Executive Board & CEO
COMPENSATION
€4M
AGE
62
Christina Johansson
TITLE
CFO & Member of the Executive Board
COMPENSATION
€781K
AGE
52
TENURE
0.3 yrs
Michael Bernhardt
TITLE
Labor Director & Member of the Executive Board
COMPENSATION
€2M
AGE
51
TENURE
3.4 yrs
Duncan Hall
TITLE
COO & Member of the Executive Board
AGE
51
TENURE
0.3 yrs
Andreas Müller
TITLE
Managing Director of Corporate Accounting & Tax and Investor Relations
AGE
59
Bettina Schneider
TITLE
Head of Investor Relations
Olaf Schneider
TITLE
Head of Corporate Legal & Insurance and General Counsel
AGE
47
TENURE
3.4 yrs
Ali Vezvaei
TITLE
Executive President for the Middle East Operations
TENURE
1.4 yrs
Board of Directors Tenure
Average tenure and age of the Bilfinger board of directors in years:
3.7
Average Tenure
53
Average Age
- The tenure for the Bilfinger board of directors is about average.
Board of Directors
Eckhard Cordes
TITLE
Chairman of Supervisory Board
AGE
68
TENURE
4.4 yrs
Stephan Brückner
TITLE
Deputy Chairman of Supervisory Board
AGE
53
Gert Becker
TITLE
Honorary Chairman of Supervisory Board
COMPENSATION
€44K
Frank Lutz
TITLE
Member of Supervisory Board
AGE
50
TENURE
1.1 yrs
Janna Köke
TITLE
Member of Supervisory Board
AGE
35
TENURE
2.9 yrs
Rainer Knerler
TITLE
Member of Supervisory Board
AGE
56
TENURE
23.3 yrs
Lone Schrøder
TITLE
Member of Supervisory Board
AGE
58
TENURE
7.9 yrs
Jens Tischendorf
TITLE
Member of Supervisory Board
AGE
45
TENURE
6 yrs
Dorothée Deuring
TITLE
Member of Supervisory Board
AGE
50
TENURE
2.9 yrs
Ralph Heck
TITLE
Member of Supervisory Board
AGE
62
TENURE
2.9 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
X
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
Management checks
We assess Bilfinger's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Bilfinger has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
GBF Company Info
Description
Bilfinger SE provides engineering and other industrial services to customers in the process industry. The company operates through two segments, Engineering & Technologies (E&T); and Maintenance, Modifications, & Operations (MMO). The E&T segment provides consulting, engineering, manufacturing, and assembly services for industrial facilities. Its services include planning, execution, technology, and construction, which cover advise, design, development, erection, assembly, modification, expansion, and shut-down services. The MMO segment provides a range services that covers the life cycle of industrial plants. Its services range from commissioning through to maintenance and efficiency enhancements, as well as expansions, conversions, or shutdowns. The company serves customers in chemical and petrochemical, energy and utilities, oil and gas, pharmaceuticals and biopharma, metallurgy, and cement industries primarily in Continental and Northwest Europe, North America, and the Middle East. The company was formerly known as Bilfinger Berger SE and changed its name to Bilfinger SE in September 2012. Bilfinger SE was founded in 1880 and is headquartered in Mannheim, Germany.
Details
| Name: | Bilfinger SE |
| GBF | |
| Exchange: | WBAG |
| Founded: | 1880 |
| €1,284,633,703 | |
| 40,270,649 | |
| Website: | http://www.bilfinger.com |
| Address: |
Bilfinger SE Carl-Reiß-Platz 1-5, Mannheim, Baden-Württemberg, 68165, Germany |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| DB | GBF | Bearer Shares | Deutsche Boerse AG | DE | EUR | 02. Jan 1992 | |
| OTCPK | BFLB.F | Bearer Shares | Pink Sheets LLC | US | USD | 02. Jan 1992 | |
| XTRA | GBF | Bearer Shares | XETRA Trading Platform | DE | EUR | 02. Jan 1992 | |
| LSE | 0NRG | Bearer Shares | London Stock Exchange | GB | EUR | 02. Jan 1992 | |
| SWX | GBF | Bearer Shares | SIX Swiss Exchange | CH | CHF | 02. Jan 1992 | |
| WBAG | GBF | Bearer Shares | Wiener Boerse AG | AT | EUR | 02. Jan 1992 | |
| BATS-CHIXE | GBFD | Bearer Shares | BATS 'Chi-X Europe' | GB | EUR | 02. Jan 1992 | |
| OTCPK | BFLB.Y | UNSPONSORD ADR | Pink Sheets LLC | US | USD | 21. Nov 2008 |
Number of employees
Current staff
35,905
Bilfinger
employees.
Industry
| Diversified Support Services | |
| Commercial Services |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/25 22:24 |
| End of day share price update: | 2019/04/25 00:00 |
| Last estimates confirmation: | 2019/04/23 |
| Last earnings filing: | 2019/03/13 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
