Bilfinger SE provides industrial services to customers in the process industry.
Adequate balance sheet and fair value.
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.
7 Day Return
DE Commercial Services
1 Year Return
DE Commercial Services
Return vs Industry: GBF underperformed the German Commercial Services industry which returned -32.2% over the past year.
Return vs Market: GBF underperformed the German Market which returned -17.5% over the past year.
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
6 months ago | Simply Wall StIs Bilfinger SE (FRA:GBF) Growing Too Fast?
7 months ago | Simply Wall StInvestors Who Bought Bilfinger (FRA:GBF) Shares Five Years Ago Are Now Down 56%
8 months ago | Simply Wall StIs Bilfinger (FRA:GBF) A Risky Investment?
Is Bilfinger undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GBF (€15) is trading below our estimate of fair value (€107.1)
Significantly Below Fair Value: GBF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GBF is poor value based on its PE Ratio (1005.1x) compared to the Commercial Services industry average (95.2x).
PE vs Market: GBF is poor value based on its PE Ratio (1005.1x) compared to the German market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: GBF is poor value based on its PEG Ratio (18.3x)
Price to Book Ratio
PB vs Industry: GBF is good value based on its PB Ratio (0.5x) compared to the DE Commercial Services industry average (2.5x).
How is Bilfinger forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GBF's forecast earnings growth (55.1% per year) is above the savings rate (-0.4%).
Earnings vs Market: GBF's earnings (55.1% per year) are forecast to grow faster than the German market (14.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GBF's revenue (0.07% per year) is forecast to grow slower than the German market (4.2% per year).
High Growth Revenue: GBF's revenue (0.07% 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 (9%).
How has Bilfinger performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GBF has a large one-off loss of €65.4M impacting its December 31 2019 financial results.
Growing Profit Margin: GBF became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: GBF has become profitable over the past 5 years, growing earnings by 27.5% per year.
Accelerating Growth: GBF has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: GBF has become profitable in the last year, making it difficult to compare its past year earnings growth to the Commercial Services industry (10.4%).
Return on Equity
High ROE: GBF's Return on Equity (0.2%) is considered low.
How is Bilfinger's financial position?
Financial Position Analysis
Short Term Liabilities: GBF's short term assets (€1.7B) exceed its short term liabilities (€1.3B).
Long Term Liabilities: GBF's short term assets (€1.7B) exceed its long term liabilities (€917.2M).
Debt to Equity History and Analysis
Debt Level: GBF's debt to equity ratio (32.6%) is considered satisfactory.
Reducing Debt: GBF's debt to equity ratio has increased from 27.6% to 32.6% over the past 5 years.
Inventory Level: GBF has a low level of unsold assets or inventory.
Debt Coverage by Assets: GBF's debt is covered by short term assets (assets are 4.5x debt).
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: GBF is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: GBF is profitable, therefore cash runway is not a concern.
What is Bilfinger's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: GBF's dividend (6.68%) is higher than the bottom 25% of dividend payers in the German market (1.68%).
High Dividend: GBF's dividend (6.68%) is in the top 25% of dividend payers in the German market (4.96%)
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: With its high payout ratio (6714.1%), GBF's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GBF's dividends in 3 years are forecast to be well covered by earnings (44.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tom Blades (63yo)
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 ($USD4.11M) is above average for companies of similar size in the German market ($USD1.36M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
|Chairman of the Executive Board||no data||€3.70m||no data|
|CFO & Member of the Executive Board||1.25yrs||€2.07m||no data|
|COO & Member of the Executive Board||1.17yrs||€1.80m||no data|
|Managing Director of Corporate Accounting & Tax and Investor Relations||no data||no data||no data|
|Head of Investor Relations||no data||no data||no data|
|Head of Corporate Legal & Insurance and General Counsel||4.33yrs||no data||no data|
|Head of Corporate Communications||no data||no data||no data|
|President & CEO of the Engineering and Maintenance Division in the Middle East||0.33yr||no data||no data|
|Executive President for the Middle East Operations||2.33yrs||no data||no data|
Experienced Management: GBF's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
|Chairman of Supervisory Board||5.33yrs||€184.00k||no data|
|Honorary Chairman of Supervisory Board||no data||€43.88k||no data|
|Member of Supervisory Board||24.17yrs||€113.50k||no data|
|Deputy Chairman of Supervisory Board||no data||€147.50k||no data|
|Member of Supervisory Board||6.92yrs||€111.00k||no data|
|Independent Member of Supervisory Board||1.83yrs||€147.00k||no data|
|Independent Member of Supervisory Board||3.83yrs||€112.00k||no data|
|Independent Member of Supervisory Board||3.83yrs||€110.50k||no data|
|Member of Supervisory Board||3.83yrs||€111.50k||no data|
|Member of Supervisory Board||3.83yrs||€111.50k||no data|
Experienced Board: GBF's board of directors are considered experienced (3.8 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Bilfinger SE's company bio, employee growth, exchange listings and data sources
- Name: Bilfinger SE
- Ticker: GBF
- Exchange: DB
- Founded: 1880
- Industry: Diversified Support Services
- Sector: Commercial Services
- Market Cap: €603.161m
- Shares outstanding: 40.29m
- Website: https://www.bilfinger.com
Number of Employees
- Bilfinger SE
- Oskar-Meixner-Strasse 1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GBF||DB (Deutsche Boerse AG)||Yes||Bearer Shares||DE||EUR||Jan 1992|
|GBF||XTRA (XETRA Trading Platform)||Yes||Bearer Shares||DE||EUR||Jan 1992|
|0NRG||LSE (London Stock Exchange)||Yes||Bearer Shares||GB||EUR||Jan 1992|
|BFLB.F||OTCPK (Pink Sheets LLC)||Yes||Bearer Shares||US||USD||Jan 1992|
|GBFD||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Bearer Shares||GB||EUR||Jan 1992|
|GBF||SWX (SIX Swiss Exchange)||Yes||Bearer Shares||CH||CHF||Jan 1992|
|GBF||WBAG (Wiener Boerse AG)||Yes||Bearer Shares||AT||EUR||Jan 1992|
|BFLB.Y||OTCPK (Pink Sheets LLC)||UNSPONSORD ADR||US||USD||Nov 2008|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/29 20:50|
|End of Day Share Price||2020/03/27 00:00|
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.