XTRA:GBF

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Executive Summary

Bilfinger SE provides industrial services to customers in the process industry.


Snowflake Analysis

Excellent balance sheet and fair value.


Similar Companies

Share Price & News

How has Bilfinger's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GBF's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

11.4%

GBF

5.5%

DE Commercial Services

3.2%

DE Market


1 Year Return

-37.0%

GBF

-15.4%

DE Commercial Services

0.01%

DE Market

Return vs Industry: GBF underperformed the German Commercial Services industry which returned -15.4% over the past year.

Return vs Market: GBF underperformed the German Market which returned 0% over the past year.


Shareholder returns

GBFIndustryMarket
7 Day11.4%5.5%3.2%
30 Day-1.6%5.7%4.7%
90 Day-36.6%-8.2%-0.9%
1 Year-37.0%-37.0%-13.3%-15.4%1.7%0.01%
3 Year-48.1%-51.2%-21.8%-27.4%-6.8%-14.0%
5 Year-51.2%-55.4%-13.6%-22.9%3.9%-9.5%

Price Volatility Vs. Market

How volatile is Bilfinger's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bilfinger undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GBF (€17.14) is trading below our estimate of fair value (€91.42)

Significantly Below Fair Value: GBF is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GBF is unprofitable, so we can't compare its PE Ratio to the Commercial Services industry average.

PE vs Market: GBF is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GBF's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GBF is good value based on its PB Ratio (0.6x) compared to the DE Commercial Services industry average (2.5x).


Next Steps

Future Growth

How is Bilfinger forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

99.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GBF is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.2%).

Earnings vs Market: GBF is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: GBF's is expected to become profitable in the next 3 years.

Revenue vs Market: GBF's revenue (1.1% per year) is forecast to grow slower than the German market (5.7% per year).

High Growth Revenue: GBF's revenue (1.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GBF's Return on Equity is forecast to be low in 3 years time (4.9%).


Next Steps

Past Performance

How has Bilfinger performed over the past 5 years?

41.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GBF is currently unprofitable.

Growing Profit Margin: GBF is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GBF is unprofitable, but has reduced losses over the past 5 years at a rate of 41.7% per year.

Accelerating Growth: Unable to compare GBF's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GBF is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (10.4%).


Return on Equity

High ROE: GBF has a negative Return on Equity (-1.68%), as it is currently unprofitable.


Next Steps

Financial Health

How is Bilfinger's financial position?


Financial Position Analysis

Short Term Liabilities: GBF's short term assets (€1.6B) exceed its short term liabilities (€1.2B).

Long Term Liabilities: GBF's short term assets (€1.6B) exceed its long term liabilities (€896.1M).


Debt to Equity History and Analysis

Debt Level: GBF's debt to equity ratio (29.3%) is considered satisfactory.

Reducing Debt: GBF's debt to equity ratio has increased from 27.2% to 29.3% over the past 5 years.


Balance Sheet


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.

Stable Cash Runway: Whilst unprofitable GBF has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: GBF is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 29.9% per year.


Next Steps

Dividend

What is Bilfinger's current dividend yield, its reliability and sustainability?

5.83%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: GBF's dividend (5.83%) is higher than the bottom 25% of dividend payers in the German market (1.29%).

High Dividend: GBF's dividend (5.83%) is in the top 25% of dividend payers in the German market (3.86%)


Stability and Growth of Payments

Stable Dividend: GBF's dividend payments have been volatile in the past 10 years.

Growing Dividend: GBF's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: GBF is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: GBF's dividends in 3 years are forecast to be well covered by earnings (48.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.4yrs

Average management tenure


CEO

Tom Blades (63yo)

no data

Tenure

€3,703,000

Compensation

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 has been Labor Director at Bilfinger SE s ...


CEO Compensation Analysis

Compensation vs Market: Tom's total compensation ($USD4.12M) is above average for companies of similar size in the German market ($USD1.27M).

Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Thomas Blades
Chairman of the Executive Boardno data€3.70mno data
Christina Johansson
CFO & Member of the Executive Board1.42yrs€2.07mno data
Duncan Hall
COO & Member of the Executive Board1.33yrs€1.80mno data
Andreas Müller
Managing Director of Corporate Accounting & Tax and Investor Relationsno datano datano data
Bettina Schneider
Head of Investor Relationsno datano datano data
Olaf Schneider
Head of Corporate Legal & Insurance and General Counsel4.5yrsno datano data
Peter Stopfer
Head of Corporate Communicationsno datano datano data
Jon Rokk
President & CEO of the Engineering and Maintenance Division in the Middle East0.50yrno datano data
Ali Vezvaei
Executive President for the Middle East Operations2.5yrsno datano data

1.4yrs

Average Tenure

53yo

Average Age

Experienced Management: GBF's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Eckhard Cordes
Chairman of Supervisory Board5.5yrs€184.00kno data
Gert Becker
Honorary Chairman of Supervisory Boardno data€43.88kno data
Rainer Knerler
Member of Supervisory Board24.33yrs€113.50kno data
Stephan Brückner
Deputy Chairman of Supervisory Boardno data€147.50kno data
Jens Tischendorf
Member of Supervisory Board7.08yrs€111.00kno data
Frank Lutz
Independent Member of Supervisory Board2yrs€147.00kno data
Ralph Heck
Independent Member of Supervisory Board4yrs€112.00kno data
Dorothée Deuring
Independent Member of Supervisory Board4yrs€110.50kno data
Janna Köke
Member of Supervisory Board4yrs€111.50kno data
Jörg Sommer
Member of Supervisory Board4yrs€111.50kno data

4.0yrs

Average Tenure

53yo

Average Age

Experienced Board: GBF's board of directors are considered experienced (4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Bilfinger SE's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bilfinger SE
  • Ticker: GBF
  • Exchange: XTRA
  • Founded: 1880
  • Industry: Diversified Support Services
  • Sector: Commercial Services
  • Market Cap: €690.593m
  • Shares outstanding: 40.29m
  • Website: https://www.bilfinger.com

Number of Employees


Location

  • Bilfinger SE
  • Oskar-Meixner-Strasse 1
  • Mannheim
  • Baden-Württemberg
  • 68163
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GBFDB (Deutsche Boerse AG)YesBearer SharesDEEURJan 1992
GBFXTRA (XETRA Trading Platform)YesBearer SharesDEEURJan 1992
0NRGLSE (London Stock Exchange)YesBearer SharesGBEURJan 1992
BFLB.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDJan 1992
GBFDBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURJan 1992
GBFSWX (SIX Swiss Exchange)YesBearer SharesCHCHFJan 1992
GBFWBAG (Wiener Boerse AG)YesBearer SharesATEURJan 1992
BFLB.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDNov 2008
GBFUDB (Deutsche Boerse AG)UNSPONSORD ADRDEEURNov 2008

Biography

Bilfinger SE provides industrial services to customers in the process industry. It offers maintenance engineering and consulting, planning and execution of maintenance measures, coordination of subcontractors, planning and execution of turnarounds, and condition monitoring and asset integrity assessments services; and plant engineering, piping and steel construction, plant demolition and conversion services; and operates and maintains various industrial plants. The company also provides solutions in the fields of servicing, constructing, and digitally networking components and systems. In addition, it offers consulting, digital networking, data collection, and analysis services, as well as forward-looking maintenance services. The company serves customers in chemical and petrochemical, energy and utilities, oil and gas, pharmaceuticals and biopharma, metallurgy, and cement industries. It operates 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/29 22:03
End of Day Share Price2020/05/29 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.