Bouygues SA

ENXTPA:EN Stock Report

Market Cap: €11.2b

Bouygues Valuation

Is EN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of EN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EN (€29.58) is trading below our estimate of fair value (€75.54)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EN?

Key metric: As EN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for EN. This is calculated by dividing EN's market cap by their current earnings.
What is EN's PE Ratio?
PE Ratio10.5x
Earnings€1.06b
Market Cap€11.16b

Price to Earnings Ratio vs Peers

How does EN's PE Ratio compare to its peers?

The above table shows the PE ratio for EN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.8x
FGR Eiffage
8.2x6.8%€8.2b
RE Colas
19.3xn/a€5.7b
DG Vinci
12.4x6.5%€57.1b
RXL Rexel
11.2x7.7%€7.8b
EN Bouygues
10.5x12.3%€11.2b

Price-To-Earnings vs Peers: EN is good value based on its Price-To-Earnings Ratio (10.5x) compared to the peer average (12.8x).

Price to Earnings Ratio vs Industry

How does EN's PE Ratio compare vs other companies in the European Construction Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
EN 10.5xIndustry Avg. 12.7xNo. of Companies19PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EN is good value based on its Price-To-Earnings Ratio (10.5x) compared to the European Construction industry average (12.8x).

Price to Earnings Ratio vs Fair Ratio

What is EN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.5x
Fair PE Ratio17.9x

Price-To-Earnings vs Fair Ratio: EN is good value based on its Price-To-Earnings Ratio (10.5x) compared to the estimated Fair Price-To-Earnings Ratio (17.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst EN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€29.58
€36.97
+25.0%
12.4%€44.50€30.00n/a12
Nov ’25€29.71
€37.01
+24.6%
12.8%€46.00€30.00n/a12
Oct ’25€30.28
€38.48
+27.1%
11.6%€48.00€32.00n/a12
Sep ’25€32.41
€38.65
+19.3%
11.0%€48.00€34.00n/a12
Aug ’25€31.33
€38.65
+23.4%
11.0%€48.00€34.00n/a12
Jul ’25€30.64
€39.13
+27.7%
10.8%€48.00€34.00n/a12
Jun ’25€36.00
€39.38
+9.4%
11.4%€49.00€33.00n/a12
May ’25€34.61
€39.50
+14.1%
11.7%€49.00€33.00n/a12
Apr ’25€37.83
€38.82
+2.6%
13.6%€49.00€32.00n/a12
Mar ’25€36.11
€38.68
+7.1%
13.0%€49.00€32.00n/a13
Feb ’25€33.82
€36.98
+9.4%
13.3%€49.00€30.00n/a13
Jan ’25€34.12
€36.87
+8.1%
13.8%€49.00€30.00n/a13
Dec ’24€35.05
€36.14
+3.1%
13.8%€47.00€28.00n/a13
Nov ’24€33.05
€35.90
+8.6%
14.1%€47.00€28.00€29.7113
Oct ’24€33.14
€36.09
+8.9%
13.6%€47.00€28.00€30.2813
Sep ’24€31.83
€35.77
+12.4%
14.3%€47.00€28.00€32.4112
Aug ’24€32.46
€35.25
+8.6%
14.9%€47.00€28.00€31.3311
Jul ’24€30.76
€35.69
+16.0%
14.5%€47.00€28.00€30.6412
Jun ’24€30.20
€35.73
+18.3%
14.4%€47.00€28.00€36.0012
May ’24€33.20
€35.55
+7.1%
13.6%€47.00€29.50€34.6113
Apr ’24€31.09
€35.34
+13.7%
12.9%€44.50€28.50€37.8314
Mar ’24€32.49
€34.79
+7.1%
14.2%€44.50€28.00€36.1114
Feb ’24€30.64
€34.79
+13.5%
14.2%€44.50€28.00€33.8214
Jan ’24€28.04
€34.68
+23.7%
13.5%€42.00€27.00€34.1214
Dec ’23€29.81
€35.50
+19.1%
12.2%€42.00€28.00€35.0513
Nov ’23€29.12
€35.85
+23.1%
11.5%€43.00€29.50€33.0513

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

Vinci

€57.1b

Engages in concessions, energy, and construction businesses in France and internationally.

DG

€100.95

7D

-0.4%

1Y

-7.4%

Thermador Groupe

€657.9m

Engages in the distribution business in France and internationally.

THEP

€71.50

7D

-5.7%

1Y

-4.8%

Haulotte Group

€83.1m

Through its subsidiaries, designs, manufactures, and markets people and material lifting equipment.

PIG

€2.79

7D

3.0%

1Y

10.3%