Bouygues
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Bouygues SA, together with its subsidiaries, operates in the construction, telecom, and media sectors in France and internationally. The last earnings update was 6 days ago. More info.
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EN Share Price and Events
7 Day Returns
1 Year Returns
EN Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Bouygues (EN) | -1.8% | -7.7% | -1.2% | -22.6% | 10.7% | -4% |
| FR Construction | 2.6% | -1.2% | 8% | -5.7% | 26.6% | 42.8% |
| FR Market | 0.6% | -3.3% | 3.8% | -3.9% | 27.3% | 27.2% |
1 Year Return vs Industry and Market
- EN underperformed the Construction industry which returned -5.7% over the past year.
- EN underperformed the Market in France which returned -3.9% over the past year.
EN Value
Is Bouygues 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
Bouygues
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Bouygues.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 13 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.5% |
| Perpetual Growth Rate | 10-Year FR Government Bond Rate | 0.7% |
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 FR Govt Bond Rate | 0.7% |
| Equity Risk Premium | S&P Global | 6.7% |
| Construction Unlevered Beta | Simply Wall St/ S&P Global | 0.98 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.983 (1 + (1- 33%) (72.94%)) |
1.311 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.31 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (1.311 * 6.65%) |
9.45% |
Discounted Cash Flow Calculation for ENXTPA:EN using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Bouygues 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 (@ 9.45%) |
|
|---|---|---|---|
| 2019 | 706.85 | Analyst x6 | 645.82 |
| 2020 | 929.98 | Analyst x7 | 776.31 |
| 2021 | 1,156.83 | Analyst x4 | 882.29 |
| 2022 | 1,127.00 | Analyst x1 | 785.33 |
| 2023 | 1,108.86 | Est @ -1.61% | 705.97 |
| 2024 | 1,098.80 | Est @ -0.91% | 639.16 |
| 2025 | 1,094.25 | Est @ -0.41% | 581.55 |
| 2026 | 1,093.47 | Est @ -0.07% | 530.96 |
| 2027 | 1,095.34 | Est @ 0.17% | 485.94 |
| 2028 | 1,099.06 | Est @ 0.34% | 445.49 |
| Present value of next 10 years cash flows | €6,478.83 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= €1,099.06 × (1 + 0.73%) ÷ (9.45% – 0.73%) |
€12,699.74 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= €12,699.74 ÷ (1 + 9.45%)10 |
€5,147.71 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= €6,478.83 + €5,147.71 |
€11,626.53 |
| Equity Value per Share (EUR) |
= Total value / Shares Outstanding
= €11,626.53 / 371.55 |
€31.29 |
| Calculation | Result | |
|---|---|---|
| Value per share (EUR) | From above. | €31.29 |
| Current discount | Discount to share price of
€32.32
= -1 x (€32.32 - €31.29) / €31.29 |
-3.3% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Bouygues is above its future cash flow value.
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 Bouygues's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Bouygues's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in EUR | €3.33 |
| ENXTPA:EN Share Price ** | ENXTPA (2019-05-22) in EUR | €32.32 |
| France Construction Industry PE Ratio | Median Figure of 5 Publicly-Listed Construction Companies | 13.87x |
| France Market PE Ratio | Median Figure of 419 Publicly-Listed Companies | 17.44x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Bouygues.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = ENXTPA:EN Share Price ÷ EPS (both in EUR) = 32.32 ÷ 3.33 |
9.71x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Bouygues is good value based on earnings compared to the FR Construction industry average.
- Bouygues is good value based on earnings compared to the France market.
Price based on expected Growth
Does
Bouygues's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 9.71x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts |
8%per year |
| Europe Construction Industry PEG Ratio | Median Figure of 46 Publicly-Listed Construction Companies | 1.16x |
| France Market PEG Ratio | Median Figure of 269 Publicly-Listed Companies | 1.47x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 9.71x ÷ 8% |
1.22x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Bouygues is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Bouygues's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in EUR | €25.77 |
| ENXTPA:EN Share Price * | ENXTPA (2019-05-22) in EUR | €32.32 |
| France Construction Industry PB Ratio | Median Figure of 6 Publicly-Listed Construction Companies | 1.43x |
| France Market PB Ratio | Median Figure of 620 Publicly-Listed Companies | 1.44x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = ENXTPA:EN Share Price ÷ Book Value per Share (both in EUR) = 32.32 ÷ 25.77 |
1.25x |
* Primary Listing of Bouygues.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Bouygues is good value based on assets compared to the FR Construction industry average.
Value checks
We assess Bouygues'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 Construction 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 Construction industry average (and greater than 0)? (1 check) Bouygues has a total score of 3/6, 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.
EN Future Performance
How is Bouygues expected to perform in the next 1 to 3 years based on estimates from 13 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!
Earnings growth vs Low Risk Savings
- Bouygues's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
- Bouygues's earnings growth is positive but not above the France market average.
- Bouygues's revenue growth is positive but not above the France market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| ENXTPA:EN Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts | 8% |
| ENXTPA:EN Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts | 1.3% |
| France Construction Industry Earnings Growth Rate | Market Cap Weighted Average | 8.6% |
| Europe Construction Industry Revenue Growth Rate | Market Cap Weighted Average | 2.8% |
| France Market Earnings Growth Rate | Market Cap Weighted Average | 13.3% |
| France Market Revenue Growth Rate | Market Cap Weighted Average | 4.9% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 13 Analyst Estimates (S&P Global) | See Below |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 37,923 | 2,987 | 1,299 | 8 |
| 2020-12-31 | 37,471 | 2,786 | 1,181 | 13 |
| 2019-12-31 | 36,921 | 2,535 | 1,065 | 12 |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 36,835 | 2,150 | 1,238 |
| 2018-12-31 | 35,740 | 2,216 | 1,311 |
| 2018-09-30 | 34,551 | 2,330 | 1,167 |
| 2018-06-30 | 33,731 | 2,764 | 1,124 |
| 2018-03-31 | 33,087 | 2,512 | 1,137 |
| 2017-12-31 | 33,073 | 2,059 | 1,082 |
| 2017-09-30 | 32,569 | 2,273 | 1,076 |
| 2017-06-30 | 32,342 | 2,135 | 980 |
| 2017-03-31 | 32,212 | 2,344 | 871 |
| 2016-12-31 | 31,900 | 2,418 | 732 |
| 2016-09-30 | 31,837 | 2,176 | 414 |
| 2016-06-30 | 32,106 | 2,044 | 417 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 13 Analyst Estimates (S&P Global) | See Below |
All data from Bouygues Company Filings, last reported 1 month 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 |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 3.51 | 4.02 | 2.98 | 8.00 |
| 2020-12-31 | 3.20 | 3.85 | 2.72 | 13.00 |
| 2019-12-31 | 2.84 | 3.55 | 2.43 | 13.00 |
| Date (Data in EUR Millions) | EPS * |
|---|---|
| 2019-03-31 | 3.33 |
| 2018-12-31 | 3.57 |
| 2018-09-30 | 3.24 |
| 2018-06-30 | 3.13 |
| 2018-03-31 | 3.23 |
| 2017-12-31 | 3.02 |
| 2017-09-30 | 3.03 |
| 2017-06-30 | 2.81 |
| 2017-03-31 | 2.47 |
| 2016-12-31 | 2.11 |
| 2016-09-30 | 1.20 |
| 2016-06-30 | 1.23 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Bouygues'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 France 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)
Bouygues has a total score of 1/6, 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.
EN Past Performance
How has Bouygues 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
Past Earnings growth analysis
- Bouygues has delivered over 20% year on year earnings growth in the past 5 years.
- Bouygues's 1-year earnings growth is less than its 5-year average (8.9% vs 43.5%)
- Bouygues's earnings growth has not exceeded the Europe Construction industry average in the past year (8.9% vs 15.9%).
Earnings and Revenue History
All data from Bouygues Company Filings, last reported 1 month 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 |
|---|---|---|---|---|
| 2019-03-31 | 36,835.00 | 1,238.00 | 16,286.00 | |
| 2018-12-31 | 35,740.00 | 1,311.00 | 15,820.00 | |
| 2018-09-30 | 34,551.00 | 1,167.00 | 15,190.00 | |
| 2018-06-30 | 33,731.00 | 1,124.00 | 14,895.00 | |
| 2018-03-31 | 33,087.00 | 1,137.00 | 14,593.00 | |
| 2017-12-31 | 33,073.00 | 1,082.00 | 14,663.00 | |
| 2017-09-30 | 32,569.00 | 1,076.00 | 14,487.00 | |
| 2017-06-30 | 32,342.00 | 980.00 | 14,284.00 | |
| 2017-03-31 | 32,212.00 | 871.00 | 14,170.00 | |
| 2016-12-31 | 31,900.00 | 732.00 | 14,031.00 | |
| 2016-09-30 | 31,837.00 | 414.00 | 13,915.00 | |
| 2016-06-30 | 32,106.00 | 417.00 | 13,906.00 | |
| 2016-03-31 | 32,341.00 | 380.00 | 13,895.00 | |
| 2015-12-31 | 32,520.00 | 403.00 | 13,787.00 | |
| 2015-09-30 | 32,840.00 | 429.00 | 13,906.00 | |
| 2015-06-30 | 33,175.00 | 387.00 | 13,810.00 | |
| 2015-03-31 | 33,127.00 | 412.00 | 13,675.00 | |
| 2014-12-31 | 33,245.00 | 807.00 | 13,698.00 | |
| 2014-09-30 | 33,352.00 | -593.00 | 13,764.00 | |
| 2014-06-30 | 33,290.00 | -567.00 | 13,864.00 | |
| 2014-03-31 | 33,407.00 | -477.00 | 14,075.00 | |
| 2013-12-31 | 33,217.00 | -757.00 | 14,054.00 | |
| 2013-09-30 | 33,142.00 | 617.00 | 14,146.00 | |
| 2013-06-30 | 33,244.00 | 543.00 | 14,167.00 | |
| 2013-03-31 | 33,316.00 | 556.00 | 14,242.00 | |
| 2012-12-31 | 33,654.00 | 633.00 | 14,368.00 | |
| 2012-09-30 | 33,701.00 | 840.00 | 14,492.00 | |
| 2012-06-30 | 33,128.00 | 957.00 | 14,423.00 |
*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.
- Bouygues has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Bouygues used its assets more efficiently than the FR Construction industry average last year based on Return on Assets.
- Bouygues has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Bouygues'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 Construction 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)
Bouygues has a total score of 3/6, 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.
EN Health
How is Bouygues'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 Bouygues's finances.
The net worth of a company is the difference between its assets and liabilities.
- Bouygues's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Bouygues's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 2.1x 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.
All data from Bouygues Company Filings, last reported 1 month ago.
| Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 10,964.00 | 8,759.00 | 2,018.00 |
| 2018-12-31 | 11,117.00 | 6,596.00 | 2,938.00 |
| 2018-09-30 | 10,383.00 | 7,525.00 | 2,024.00 |
| 2018-06-30 | 9,947.00 | 7,559.00 | 2,517.00 |
| 2018-03-31 | 10,343.00 | 6,893.00 | 3,051.00 |
| 2017-12-31 | 10,416.00 | 6,752.00 | 4,835.00 |
| 2017-09-30 | 9,654.00 | 7,066.00 | 3,370.00 |
| 2017-06-30 | 9,173.00 | 7,430.00 | 3,171.00 |
| 2017-03-31 | 9,428.00 | 6,884.00 | 3,584.00 |
| 2016-12-31 | 9,420.00 | 6,632.00 | 4,773.00 |
| 2016-09-30 | 8,773.00 | 6,252.00 | 2,358.00 |
| 2016-06-30 | 8,415.00 | 6,766.00 | 2,396.00 |
| 2016-03-31 | 8,897.00 | 6,698.00 | 3,163.00 |
| 2015-12-31 | 9,293.00 | 6,367.00 | 3,800.00 |
| 2015-09-30 | 8,952.00 | 7,338.00 | 2,453.00 |
| 2015-06-30 | 8,732.00 | 8,671.00 | 3,461.00 |
| 2015-03-31 | 9,308.00 | 7,687.00 | 3,435.00 |
| 2014-12-31 | 9,455.00 | 7,381.00 | 4,167.00 |
| 2014-09-30 | 9,318.00 | 8,547.00 | 3,554.00 |
| 2014-06-30 | 8,952.00 | 8,570.00 | 3,389.00 |
| 2014-03-31 | 8,941.00 | 8,390.00 | 3,663.00 |
| 2013-12-31 | 8,669.00 | 7,995.00 | 3,562.00 |
| 2013-09-30 | 9,953.00 | 8,772.00 | 3,178.00 |
| 2013-06-30 | 9,617.00 | 8,334.00 | 2,600.00 |
| 2013-03-31 | 9,927.00 | 8,901.00 | 3,921.00 |
| 2012-12-31 | 10,078.00 | 8,642.00 | 4,497.00 |
| 2012-09-30 | 9,624.00 | 8,430.00 | 2,627.00 |
| 2012-06-30 | 9,372.00 | 8,367.00 | 2,183.00 |
- Bouygues's level of debt (79.9%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (93.9% vs 79.9% today).
- Debt is well covered by operating cash flow (24.5%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 7.2x coverage).
Financial health checks
We assess Bouygues'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) Bouygues has a total score of 4/6, 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.
EN Dividends
What is Bouygues'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
If you bought
€2,000 of
Bouygues
shares you are expected to receive
€105
in your first year as a dividend.
Dividend Amount
- Bouygues's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.58%).
- Bouygues's dividend is above the markets top 25% of dividend payers in France (4.5%).
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.
| 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 13 Analyst Estimates (S&P Global) | See Below |
| France Construction Industry Average Dividend Yield | Market Cap Weighted Average of 5 Stocks | 3.4% |
| France Market Average Dividend Yield | Market Cap Weighted Average of 323 Stocks | 3.1% |
| France Minimum Threshold Dividend Yield | 10th Percentile | 0.9% |
| France Bottom 25% Dividend Yield | 25th Percentile | 1.6% |
| France 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 |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | 1.70 | 1.00 |
| 2021-12-31 | 1.76 | 9.00 |
| 2020-12-31 | 1.74 | 14.00 |
| 2019-12-31 | 1.71 | 13.00 |
| Date (Data in €) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-21 | 1.700 | 5.164 |
| 2018-02-22 | 1.700 | 4.722 |
| 2017-02-23 | 1.600 | 4.037 |
| 2016-02-24 | 1.600 | 5.270 |
| 2015-02-25 | 1.600 | 4.585 |
| 2014-02-26 | 1.600 | 5.401 |
| 2013-02-27 | 1.600 | 6.655 |
| 2012-04-12 | 1.600 | 7.874 |
| 2012-03-19 | 1.600 | 7.055 |
| 2012-02-28 | 1.600 | 6.686 |
| 2011-03-01 | 1.600 | 5.923 |
| 2010-03-02 | 1.600 | 4.767 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, Bouygues has been paying a dividend for less than 10 years.
- Dividend payments have increased, but Bouygues only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of
Bouygues's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (2x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
Income/ dividend checks
We assess Bouygues's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Bouygues afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Bouygues has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
EN Management
CEO
| COMPENSATION | €2,693,492 |
| AGE | 66 |
| TENURE AS CEO | 29.7 years |
CEO Bio
Mr. Martin Bouygues has been the Chief Executive Officer and Chairman at Bouygues SA since September 5, 1989. Mr. Bouygues is employed at Saipem s.a. He serves as Administrator/Chairman and Chief Executive Officer of SCDM SA and Administrator of ACTIBY. He served as Managing Director of Bouygues SA. In 1987, he served as Vice-Chairman of Bouygues' Board of Directors. He has been a Director of Bouygues SA since January 21, 1982 and Television Francaise 1 SA since September 1, 1987. He has been a Non-Independent Director of TF1 Group since September 1, 1987. He serves as a Director of Sodeci, CCF, CIE and Actiby. He served as a Independent Member of the Supervisory Board at Rothschild & Co SCA (formerly, Paris Orléans S.C.A.) from December 7, 2007 to November 25, 2016. He served as a Member of Advisory council at Banque de France. He served as an Independent Director of HSBC France since 2002. He served as a Member of the Supervisory Board at Paris Orleans S.A. since December 7, 2007.
CEO Compensation
- Martin's compensation has been consistent with company performance over the past year, both up more than 20%.
- Martin's remuneration is about average for companies of similar size in France.
Management Team Tenure
Average tenure and age of the Bouygues management team in years:
- The average tenure for the Bouygues management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Martin Bouygues
Chairman & CEO
€3M
66
29.7 yrs
Philippe Marien
Deputy CEO
€2M
62
11.7 yrs
Olivier Bouygues
Deputy CEO & Director
€1M
68
17.1 yrs
Olivier Roussat
Deputy CEO
€1M
54
2.8 yrs
Karine Gruson
Investor Relations Director
Arnauld Van Eeckhout
General Counsel
61
0.9 yrs
Pierre Auberger
Group Corporate Communications Director
Emmanuel Forest
Senior Vice President of Institutional & European Affairs
59
Christophe Liénard
Group Chief Innovation Officer
Gilles Christian Pélisson
Chairman & CEO of TF1
61
3.3 yrs
Board of Directors Tenure
Average tenure and age of the Bouygues board of directors in years:
- The tenure for the Bouygues board of directors is about average.
Board of Directors
Martin Bouygues
Chairman & CEO
€3M
66
29.7 yrs
Olivier Bouygues
Deputy CEO & Director
€1M
68
34.9 yrs
Gilles Christian Pélisson
Chairman & CEO of TF1
61
3.3 yrs
Hervé Le Bouc
Chairman & CEO of Colas
€2M
66
11.6 yrs
Philippe Bonnave
Chairman & CEO of Bouygues Construction
65
4.2 yrs
Pascal Minault
Chairman of Bouygues Immobilier
55
0.3 yrs
Colette Lewiner
Independent Director
€84K
73
9.1 yrs
Anne-Marie Idrac
Independent Director
€62K
67
7.1 yrs
Helman le de Sécheval
Independent Director
€62K
52
11.1 yrs
Michèle Vilain
Director
€56K
57
9.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Bouygues'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) Bouygues 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.
EN News
Simply Wall St News
Introducing Bouygues (EPA:EN), The Stock That Dropped 19% In The Last Year
Investors in Bouygues SA (EPA:EN) have tasted that bitter downside in the last year, as the share price dropped 19%. … During the unfortunate twelve months during which the Bouygues share price fell, it actually saw its earnings per share (EPS) improve by 3.1%. … We note that for Bouygues the TSR over the last year was -15%, which is better than the share price return mentioned above.
Simply Wall St - – Full articleIs Bouygues SA (EPA:EN) Trading At A 24% Discount?
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Bouygues SA (EPA:EN) as an investment opportunity by taking the expected future cash flows and discounting them to today's value. … Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (€, Millions) €869.14 €1.03k €1.30k €1.29k €1.37k €1.43k €1.48k €1.51k €1.54k €1.57k Growth Rate Estimate Source Analyst x8 Analyst x9 Analyst x4 Analyst x1 Analyst x1 Est @ 4.32% Est @ 3.25% Est @ 2.49% Est @ 1.96% Est @ 1.6% Present Value (€, Millions) Discounted @ 9.01% €797.30 €867.41 €1.01k €914.95 €890.00 €851.75 €806.72 €758.49 €709.47 €661.22 Present Value of 10-year Cash Flow (PVCF)= €8.26b "Est" = FCF growth rate estimated by Simply Wall St We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = €1.6b × (1 + 0.7%) ÷ (9% – 0.7%) = €19b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = €€19b ÷ ( 1 + 9%)10 = €8.05b The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is €16.31b.
Simply Wall St - – Full articleWhy We Think Bouygues SA (EPA:EN) Could Be Worth Looking At
Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … Attractive stocks have exceptional fundamentals.
Simply Wall St - – Full articleStocks Take A Hit: How Will Bouygues SA (EPA:EN) Fare?
Today I want to bring to light the market's darling - Bouygues SA. … Looking at its size, financial health and track record, I believe there's an opportunity with Bouygues during these volatile times. … View our latest analysis for Bouygues.
Simply Wall St - – Full articleWhat Type Of Shareholder Owns Bouygues SA's (EPA:EN)?
Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Companies that have been privatized tend to have low insider ownership. … Taking a look at our data on the ownership groups (below), it's seems that.
Simply Wall St - – Full articleIs Bouygues SA's (EPA:EN) 13% ROE Better Than Average?
Our data shows Bouygues has a return on equity of 13% for the last year. … That means that for every €1 worth of shareholders' equity, it generated €0.13 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleWill Bouygues SA's (EPA:EN) Earnings Grow Over The Next Few Years?
Bouygues SA's (EPA:EN) latest earnings update in December 2018a … confirmed … business
Simply Wall St - – Full articleWhat To Know Before Buying Bouygues SA (EPA:EN) For Its Dividend
Bouygues SA (EPA:EN) has pleased shareholders over the past 10 years, by paying out dividends. … The company currently pays out a dividend yield of 5.2% to shareholders, making it a relatively attractive dividend stock. … Here's how I find good dividend stocks
Simply Wall St - – Full articleBouygues SA (EPA:EN): Set To Experience A Decrease In Earnings?
Based on Bouygues SA's (EPA:EN) recently announced earnings update on 31 December 2018, … as a -17% fall in profits is expected in the upcoming year
Simply Wall St - – Full articleDo You Know What Bouygues SA's (EPA:EN) P/E Ratio Means?
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll look at Bouygues SA's (EPA:EN) P/E ratio and reflect on what it tells us about the company's share price. … How Do I Calculate Bouygues's Price To Earnings Ratio
Simply Wall St - – Full articleEN Company Info
Description
Bouygues SA, together with its subsidiaries, operates in the construction, telecom, and media sectors in France and internationally. The company designs, builds, and operates structures and facilities; develops residential, office building, retail, and neighborhood projects; constructs and maintains roads and motorways, airport runways, ports, industrial logistics and commercial hubs, external works and amenities, reserved-lane public transport facilities, leisure facilities, and environmental amenities, as well as undertakes civil engineering activities; and produces and recycles construction materials. It also engages in the construction, renewal, and maintenance of rail networks; production and sale of waterproofing and claddings for buildings; manufacture of road safety and signaling equipment; and laying and maintenance of pipes and pipelines. In addition, the company produces TF1, TMC, TFX, TF1, and LCI complementary TV channels; operates TV Breizh, Histoire, Ushuaïa, and Serieclub channels; produces, broadcasts, and distributes content; produces cinemas; operates la seine musicale entertainment and concert venue; and licenses, publishes, and boards games, as well as musical and events. Further, it offers telecom services; mobile and fixed Internet services; and Bbox Miami, an Android box for TV. Bouygues SA was founded in 1952 and is based in Paris, France.
Details
| Name: | Bouygues SA |
| EN | |
| Exchange: | ENXTPA |
| Founded: | 1952 |
| €12,008,519,173 | |
| 371,550,717 | |
| Website: | http://www.bouygues.com |
| Address: |
Bouygues SA 32, Avenue Hoche, Cedex 08, Paris, Ile-de-France, 75008, France |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| ENXTPA | EN | Ordinary Shares | Euronext Paris | FR | EUR | 02. Jan 1992 | |
| OTCPK | BOUY.F | Ordinary Shares | Pink Sheets LLC | US | USD | 02. Jan 1992 | |
| DB | BYG | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 02. Jan 1992 | |
| XTRA | BYG | Ordinary Shares | XETRA Trading Platform | DE | EUR | 02. Jan 1992 | |
| LSE | 0HAN | Ordinary Shares | London Stock Exchange | GB | EUR | 02. Jan 1992 | |
| SWX | EN | Ordinary Shares | SIX Swiss Exchange | CH | CHF | 02. Jan 1992 | |
| WBAG | EN | Ordinary Shares | Wiener Boerse AG | AT | EUR | 02. Jan 1992 | |
| BATS-CHIXE | ENP | Ordinary Shares | BATS 'Chi-X Europe' | GB | EUR | 02. Jan 1992 | |
| OTCPK | BOUY.Y | UNSPONSORD ADR | Pink Sheets LLC | US | USD | 05. Dec 2008 |
Number of employees
Current staff
Industry
| Construction and Engineering | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/22 20:54 |
| End of day share price update: | 2019/05/22 00:00 |
| Last estimates confirmation: | 2019/05/21 |
| Last earnings filing: | 2019/05/16 |
| Last earnings reported: | 2019/03/31 |
| 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.
