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Bilfinger

WBAG:GBF
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GBF
WBAG
€1B
Market Cap
  1. Home
  2. AT
  3. Commercial Services
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.
Price Volatility
GBF
Industry
5yr Volatility vs Market
Related Companies

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.

WBAG:GBF Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for WBAG:GBF
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.

WBAG:GBF DCF 1st Stage: Next 10 year cash flow forecast
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
WBAG:GBF DCF 2nd Stage: Terminal Value
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
WBAG:GBF Total Equity Value
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
WBAG:GBF Discount to Share Price
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
WBAG:GBF PE (Price to Earnings) Ratio Data Sources
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.

WBAG:GBF PE (Price to Earnings) Ratio Calculation
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
WBAG:GBF PEG (Price to Earnings to Growth) Ratio Data Sources
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
WBAG:GBF PB (Price to Book) Ratio Data Sources
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
WBAG:GBF PB (Price to Book) Ratio Calculation
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:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. 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!
Annual Growth Rate
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
WBAG:GBF Future Growth Rates Data Sources
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
WBAG:GBF Analysts Growth Expectations Data Sources
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 numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:GBF Future Estimates Data
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
WBAG:GBF Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Bilfinger's earnings are expected to grow significantly at over 20% yearly.
  • Bilfinger's revenue is expected to grow by 3.1% yearly, however this is not considered high growth (20% yearly).
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
WBAG:GBF Past and Future Earnings per Share
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.

WBAG:GBF Future Estimates Data
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
WBAG:GBF Past Financials Data
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.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Bilfinger is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bilfinger's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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.

WBAG:GBF Past Revenue, Cash Flow and Net Income Data
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
Past performance checks
We assess Bilfinger's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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.

WBAG:GBF Past Debt and Equity Data
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
Financial health checks
We assess Bilfinger's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bilfinger has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
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.
Dividend payment calendar
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
WBAG:GBF Annualized Past and Future Dividends
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.

WBAG:GBF Future Dividends Estimate Data
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
WBAG:GBF Past Annualized Dividends Data
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.
Current Payout to shareholders
What portion of Bilfinger's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Bilfinger's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of Bilfinger's salary, the management and board of directors tenure and is there insider trading?

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 Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Bilfinger's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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 News

Simply Wall St News

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
Staff numbers
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.