Bouygues
Market Cap
€12.9b
Last Updated
2020/11/29 18:34 UTC
Data Sources
Company Financials +
Executive Summary
Bouygues SA, together with its subsidiaries, operates in the construction, telecom, and media sectors in France and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with excellent balance sheet and pays a dividend.
Similar Companies
Share Price & News
How has Bouygues's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EN is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: EN's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
1.9%
EN
2.3%
FR Construction
1.5%
FR Market
1 Year Return
-8.9%
EN
-11.7%
FR Construction
-1.8%
FR Market
Return vs Industry: EN exceeded the French Construction industry which returned -11.7% over the past year.
Return vs Market: EN underperformed the French Market which returned -1.8% over the past year.
Shareholder returns
| EN | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.9% | 2.3% | 1.5% |
| 30 Day | 20.0% | 29.3% | 19.8% |
| 90 Day | 1.6% | 7.0% | 12.3% |
| 1 Year | -4.1%-8.9% | -9.8%-11.7% | 0.2%-1.8% |
| 3 Year | -8.7%-20.8% | 3.1%-5.7% | 18.8%8.9% |
| 5 Year | 25.5%-1.1% | 54.8%32.2% | 50.4%30.0% |
Long-Term Price Volatility Vs. Market
How volatile is Bouygues's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
Has Bouygues SA's (EPA:EN) Impressive Stock Performance Got Anything to Do With Its Fundamentals?3 months ago | Simply Wall St
Bouygues' (EPA:EN) Shareholders Are Down 13% On Their Shares3 months ago | Simply Wall St
Here's Why Bouygues (EPA:EN) Has A Meaningful Debt BurdenValuation
Is Bouygues undervalued compared to its fair value and its price relative to the market?
2.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EN (€33.78) is trading below our estimate of fair value (€34.53)
Significantly Below Fair Value: EN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: EN is good value based on its PE Ratio (20.8x) compared to the FR Construction industry average (30.4x).
PE vs Market: EN is good value based on its PE Ratio (20.8x) compared to the French market (21.1x).
Price to Earnings Growth Ratio
PEG Ratio: EN is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: EN is good value based on its PB Ratio (1.3x) compared to the FR Construction industry average (1.5x).
Next Steps
Future Growth
How is Bouygues forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
25.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EN's forecast earnings growth (25.9% per year) is above the savings rate (0.6%).
Earnings vs Market: EN's earnings (25.9% per year) are forecast to grow faster than the French market (25.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: EN's revenue (3.9% per year) is forecast to grow slower than the French market (7.3% per year).
High Growth Revenue: EN's revenue (3.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EN's Return on Equity is forecast to be low in 3 years time (10.2%).
Next Steps
Past Performance
How has Bouygues performed over the past 5 years?
15.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EN has high quality earnings.
Growing Profit Margin: EN's current net profit margins (1.8%) are lower than last year (3.6%).
Past Earnings Growth Analysis
Earnings Trend: EN's earnings have grown by 15.3% per year over the past 5 years.
Accelerating Growth: EN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: EN had negative earnings growth (-55.2%) over the past year, making it difficult to compare to the Construction industry average (-55.2%).
Return on Equity
High ROE: EN's Return on Equity (6.4%) is considered low.
Next Steps
Financial Health
How is Bouygues's financial position?
Financial Position Analysis
Short Term Liabilities: EN's short term assets (€20.1B) exceed its short term liabilities (€19.2B).
Long Term Liabilities: EN's short term assets (€20.1B) exceed its long term liabilities (€9.4B).
Debt to Equity History and Analysis
Debt Level: EN's debt to equity ratio (56.7%) is considered high.
Reducing Debt: EN's debt to equity ratio has reduced from 81.4% to 56.7% over the past 5 years.
Debt Coverage: EN's debt is well covered by operating cash flow (58.6%).
Interest Coverage: EN's interest payments on its debt are well covered by EBIT (5.3x coverage).
Balance Sheet
Next Steps
Dividend
What is Bouygues's current dividend yield, its reliability and sustainability?
5.03%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: EN's dividend (5.03%) is higher than the bottom 25% of dividend payers in the French market (1.37%).
High Dividend: EN's dividend (5.03%) is in the top 25% of dividend payers in the French market (4.68%)
Stability and Growth of Payments
Stable Dividend: EN's dividends per share have been stable in the past 10 years.
Growing Dividend: EN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (104.5%), EN's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: EN's dividends in 3 years are forecast to be covered by earnings (50.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.3yrs
Average management tenure
CEO
Martin Bouygues (68 yo)
31.17yrs
Tenure
€2,517,080
Compensation
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...
CEO Compensation Analysis
Compensation vs Market: Martin's total compensation ($USD3.01M) is about average for companies of similar size in the French market ($USD4.04M).
Compensation vs Earnings: Martin's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 31.17yrs | €2.52m | 0.097% € 12.5m | |
| Deputy Chief Executive Officer | 4.25yrs | €2.46m | no data | |
| Senior VP & CFO | 0.83yr | no data | no data | |
| Investor Relations Director | no data | no data | no data | |
| General Counsel | 2.42yrs | no data | no data | |
| Group Corporate Communications Director | no data | no data | no data | |
| Senior VP & Human Resources Director | 0.67yr | no data | no data | |
| Senior VP of Digital | 0.83yr | no data | no data | |
| Senior Vice President of Institutional & European Affairs | no data | no data | no data | |
| Group Chief Innovation Officer | no data | no data | no data | |
| Chairman & CEO of TF1 | 4.75yrs | no data | no data | |
| Chairman & CEO of Bouygues Construction | 5.67yrs | no data | no data |
3.3yrs
Average Tenure
62yo
Average Age
Experienced Management: EN's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 31.17yrs | €2.52m | 0.097% € 12.5m | |
| Chairman & CEO of TF1 | 4.75yrs | no data | no data | |
| Chairman & CEO of Bouygues Construction | 5.67yrs | no data | no data | |
| Director | 36.42yrs | €1.40m | 0.051% € 6.5m | |
| Independent Director | 8.58yrs | €60.16k | 0.00013% € 16.7k | |
| Independent Director | 10.58yrs | €84.00k | 0.0033% € 428.2k | |
| Independent Director | 4.58yrs | €44.80k | 0.00013% € 16.7k | |
| Independent Director | 0.58yr | no data | no data | |
| Independent Director | 7.58yrs | €52.00k | 0.00014% € 18.0k | |
| Employee Representative Director | 10.58yrs | €56.00k | no data | |
| Employee Representative Director | 1.58yrs | €31.65k | no data | |
| Chairman of Bouygues Immobilier | 1.67yrs | no data | no data |
6.6yrs
Average Tenure
65yo
Average Age
Experienced Board: EN's board of directors are considered experienced (6.6 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
Bouygues SA's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Bouygues SA
- Ticker: EN
- Exchange: ENXTPA
- Founded: 1952
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: €12.859b
- Shares outstanding: 380.65m
- Website: https://www.bouygues.com
Number of Employees
Location
- Bouygues SA
- 32 Avenue Hoche
- Paris
- Ile-de-France
- 75008
- France
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BOUY.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| EN | ENXTPA (Euronext Paris) | Yes | Ordinary Shares | FR | EUR | Jan 1992 |
| BYG | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| 0HAN | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jan 1992 |
| BYG | XTRA (XETRA Trading Platform) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| ENP | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jan 1992 |
| EN | SWX (SIX Swiss Exchange) | Yes | Ordinary Shares | CH | CHF | Jan 1992 |
| EN | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Jan 1992 |
| BYG | ETLX (Eurotlx) | Yes | Ordinary Shares | IT | EUR | Jan 1992 |
| BOUY.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADR | US | USD | Dec 2008 |
Biography
Bouygues SA, together with its subsidiaries, operates in the construction, telecom, and media sectors in France and internationally. The company designs, builds, renovates, operates, and deconstructs build...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/29 18:34 |
| End of Day Share Price | 2020/11/27 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.