ENXTPA:EN

Stock Analysis Report

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Executive Summary

Bouygues SA, together with its subsidiaries, operates in the construction, telecom, and media sectors in France and internationally. More Details


Snowflake Analysis

Established dividend payer and good value.


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 less volatile than 75% of French stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: EN's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

1.0%

EN

-0.008%

FR Construction

0.6%

FR Market


1 Year Return

-4.8%

EN

-7.9%

FR Construction

8.5%

FR Market

Return vs Industry: EN matched the French Construction industry which returned -7.9% over the past year.

Return vs Market: EN underperformed the French Market which returned 8.5% over the past year.


Shareholder returns

ENIndustryMarket
7 Day1.0%-0.008%0.6%
30 Day3.1%10.3%5.9%
90 Day-2.5%0.3%4.6%
1 Year0.3%-4.8%-5.9%-7.9%10.9%8.5%
3 Year-1.9%-15.0%9.2%-0.09%24.9%13.5%
5 Year23.7%-2.5%45.1%24.0%66.3%40.5%

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

Valuation

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

1.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EN (€34.31) is trading below our estimate of fair value (€34.9)

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 (18.7x) compared to the FR Construction industry average (39.4x).

PE vs Market: EN is good value based on its PE Ratio (18.7x) compared to the French market (23.5x).


Price to Earnings Growth Ratio

PEG Ratio: EN is poor value based on its PEG Ratio (1.1x)


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 16 analysts?

16.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EN's forecast earnings growth (16.9% per year) is above the savings rate (0.4%).

Earnings vs Market: EN's earnings (16.9% per year) are forecast to grow slower than the French market (22.2% per year).

High Growth Earnings: EN's earnings are forecast to grow, but not significantly.

Revenue vs Market: EN's revenue (3.5% per year) is forecast to grow slower than the French market (7.2% per year).

High Growth Revenue: EN's revenue (3.5% 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 (12.5%).


Next Steps

Past Performance

How has Bouygues performed over the past 5 years?

10.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EN has high quality earnings.

Growing Profit Margin: EN's current net profit margins (2%) are lower than last year (3.1%).


Past Earnings Growth Analysis

Earnings Trend: EN's earnings have grown by 10.9% 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 (-41.1%) over the past year, making it difficult to compare to the Construction industry average (-61.8%).


Return on Equity

High ROE: EN's Return on Equity (6.5%) is considered low.


Next Steps

Financial Health

How is Bouygues's financial position?


Financial Position Analysis

Short Term Liabilities: EN's short term assets (€19.2B) do not cover its short term liabilities (€19.4B).

Long Term Liabilities: EN's short term assets (€19.2B) exceed its long term liabilities (€9.4B).


Debt to Equity History and Analysis

Debt Level: EN's debt to equity ratio (52.7%) is considered high.

Reducing Debt: EN's debt to equity ratio has reduced from 68.5% to 52.7% over the past 5 years.

Debt Coverage: EN's debt is well covered by operating cash flow (54.8%).

Interest Coverage: EN's interest payments on its debt are well covered by EBIT (5.6x coverage).


Balance Sheet


Next Steps

Dividend

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

4.91%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: EN's dividend (4.95%) is higher than the bottom 25% of dividend payers in the French market (1.3%).

High Dividend: EN's dividend (4.95%) is in the top 25% of dividend payers in the French market (4.52%)


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 (92.9%), 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 well covered by earnings (47.4% payout ratio).


Next Steps

Management

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

1.3yrs

Average management tenure


CEO

Olivier Roussat (56 yo)

0.083

Tenure

€2,460,820

Compensation

Mr. Olivier Roussat has been Chief Executive Officer at Bouygues SA since February 17, 2021. Mr. Roussat had been Deputy Chief Executive Officer of Bouygues SA since August 30, 2016 till February 17, 2021....


CEO Compensation Analysis

Compensation vs Market: Olivier's total compensation ($USD2.97M) is about average for companies of similar size in the French market ($USD4.08M).

Compensation vs Earnings: Olivier's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Olivier Roussat
Chief Executive Officer0.083yr€2.46mno data
Pascal Grange
Deputy CEO & CFO1.42yrsno datano data
Karine Gruson
Investor Relations Directorno datano datano data
Arnauld Van Eeckhout
General Counsel2.75yrsno datano data
Pierre Auberger
Group Corporate Communications Directorno datano datano data
Jean-Manuel Soussan
Senior VP & Human Resources Director1yrno datano data
Gilles Zancanaro
Senior VP of Digital1.17yrsno datano data
Emmanuel Forest
Senior Vice President of Institutional & European Affairsno datano datano data
Edward Bouygues
Deputy CEO & Representative Director0.67yr€35.45kno data
Christophe Liénard
Group Chief Innovation Officerno datano datano data
Gilles Christian Pelisson
Chairman & CEO of TF15.08yrsno datano data
Philippe Bonnave
Chairman & CEO of Bouygues Construction6yrsno datano data

1.3yrs

Average Tenure

60yo

Average Age

Experienced Management: EN's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Edward Bouygues
Deputy CEO & Representative Director0.67yr€35.45kno data
Gilles Christian Pelisson
Chairman & CEO of TF15.08yrsno datano data
Philippe Bonnave
Chairman & CEO of Bouygues Construction6yrsno datano data
Richard Viel
CEO & Chairman of Bouygues Telecom SA0.083yrno datano data
Frederic Gardes
CEO & Chairman of Colas0.083yrno datano data
Martin Bouygues
Chairman of the Board31.5yrs€2.52m0.097%
€ 12.8m
Olivier Bouygues
Director36.75yrs€1.40m0.051%
€ 6.7m
Anne-Marie Idrac
Independent Director8.92yrs€60.16k0.00013%
€ 17.1k
Colette Lewiner
Independent Director10.92yrs€84.00k0.0033%
€ 438.9k
Benoît Maes
Independent Director0.92yrno datano data
Rose-Marie Van Lerberghe
Independent Director7.92yrs€52.00k0.00014%
€ 18.5k
Michèle Vilain
Employee Representative Director10.92yrs€56.00kno data

7.0yrs

Average Tenure

65yo

Average Age

Experienced Board: EN's board of directors are considered experienced (7 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: €13.179b
  • Shares outstanding: 380.79m
  • Website: https://www.bouygues.com

Number of Employees


Location

  • Bouygues SA
  • 32 Avenue Hoche
  • Paris
  • Ile-de-France
  • 75008
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BOUY.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
ENENXTPA (Euronext Paris)YesOrdinary SharesFREURJan 1992
BYGDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
0HANLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
BYGXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJan 1992
ENPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
ENSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJan 1992
ENWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1992
BYGETLX (Eurotlx)YesOrdinary SharesITEURJan 1992
EN NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJan 1992
BOUY.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDDec 2008
ENNVENXTPA (Euronext Paris)EUR1 (RFD 01/01/2021)FREURJan 2021

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/04 20:15
End of Day Share Price2021/03/04 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.