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Bouygues

ENXTPA:EN
Snowflake Description

6 star dividend payer and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EN
ENXTPA
€12B
Market Cap
  1. Home
  2. FR
  3. Capital Goods
Company description

Bouygues SA, together with its subsidiaries, operates in the construction, telecom, and media sectors in France and internationally. The last earnings update was 61 days ago. More info.


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EN Share Price and Events
7 Day Returns
2.2%
ENXTPA:EN
0.7%
FR Construction
-0.2%
FR Market
1 Year Returns
-11.2%
ENXTPA:EN
-1.1%
FR Construction
2.8%
FR Market
EN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bouygues (EN) 2.2% 4.6% -6% -11.2% 23.5% 8.6%
FR Construction 0.7% 2.6% 0.1% -1.1% 33.7% 54.7%
FR Market -0.2% 3.6% 0.7% 2.8% 34.3% 38.5%
1 Year Return vs Industry and Market
  • EN underperformed the Construction industry which returned -1.1% over the past year.
  • EN underperformed the Market in France which returned 2.8% over the past year.
Price Volatility
EN
Industry
5yr Volatility vs Market
Related Companies

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bouygues.

ENXTPA:EN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.8%
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.

Calculation of Discount Rate/ Cost of Equity for ENXTPA:EN
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 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.043 (1 + (1- 33%) (71.63%))
1.364
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.36
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (1.364 * 6.65%)
9.8%

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.

ENXTPA:EN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 9.8%)
2020 931.55 Analyst x7 848.37
2021 1,138.08 Analyst x4 943.91
2022 1,205.00 Analyst x2 910.18
2023 1,378.00 Analyst x1 947.92
2024 1,497.73 Est @ 8.69% 938.28
2025 1,592.12 Est @ 6.3% 908.35
2026 1,665.85 Est @ 4.63% 865.56
2027 1,723.52 Est @ 3.46% 815.56
2028 1,769.08 Est @ 2.64% 762.37
2029 1,805.70 Est @ 2.07% 708.67
Present value of next 10 years cash flows €8,649.18
ENXTPA:EN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €1,805.70 × (1 + 0.73%) ÷ (9.8% – 0.73%)
€20,051.21
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €20,051.21 ÷ (1 + 9.8%)10
€7,869.40
ENXTPA:EN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €8,649.18 + €7,869.40
€16,518.58
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €16,518.58 / 371.70
€44.44
ENXTPA:EN Discount to Share Price
Calculation Result
Value per share (EUR) From above. €44.44
Current discount Discount to share price of €32.90
= -1 x (€32.90 - €44.44) / €44.44
26%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Bouygues is available for.
Intrinsic value
26%
Share price is €32.9 vs Future cash flow value of €44.44
Current Discount Checks
For Bouygues to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bouygues's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bouygues's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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?
Raw Data
ENXTPA:EN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €3.33
ENXTPA:EN Share Price ** ENXTPA (2019-07-16) in EUR €32.9
France Construction Industry PE Ratio Median Figure of 5 Publicly-Listed Construction Companies 13.93x
France Market PE Ratio Median Figure of 415 Publicly-Listed Companies 17.42x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bouygues.

ENXTPA:EN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:EN Share Price ÷ EPS (both in EUR)

= 32.9 ÷ 3.33

9.89x

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?
Raw Data
ENXTPA:EN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
8.7%per year
Europe Construction Industry PEG Ratio Median Figure of 45 Publicly-Listed Construction Companies 1.24x
France Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

ENXTPA:EN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.89x ÷ 8.7%

1.13x

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?
Raw Data
ENXTPA:EN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €25.77
ENXTPA:EN Share Price * ENXTPA (2019-07-16) in EUR €32.9
France Construction Industry PB Ratio Median Figure of 6 Publicly-Listed Construction Companies 1.42x
France Market PB Ratio Median Figure of 613 Publicly-Listed Companies 1.48x
ENXTPA:EN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:EN Share Price ÷ Book Value per Share (both in EUR)

= 32.9 ÷ 25.77

1.28x

* 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.
X
Value checks
We assess Bouygues's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. Bouygues has a total score of 4/6, 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 14 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!
Annual Growth Rate
8.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bouygues expected to grow at an attractive rate?
  • 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
Raw Data
ENXTPA:EN Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:EN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 8.7%
ENXTPA:EN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 1.8%
France Construction Industry Earnings Growth Rate Market Cap Weighted Average 8.6%
Europe Construction Industry Revenue Growth Rate Market Cap Weighted Average 3%
France Market Earnings Growth Rate Market Cap Weighted Average 12.6%
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
Raw Data
ENXTPA:EN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:EN Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 40,093 3,208 1
2022-12-31 39,407 3,094 1
2021-12-31 37,991 3,042 1,306 9
2020-12-31 37,330 2,833 1,172 14
2019-12-31 36,793 2,619 1,052 13
ENXTPA:EN Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Bouygues's earnings are expected to grow by 8.7% yearly, however this is not considered high growth (20% yearly).
  • Bouygues's revenue is expected to grow by 1.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTPA:EN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from Bouygues Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:EN Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 3.49 4.02 2.96 8.00
2020-12-31 3.15 3.85 2.70 14.00
2019-12-31 2.79 3.55 2.45 14.00
ENXTPA:EN Past Financials Data
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.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Bouygues is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bouygues's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the France market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Bouygues's growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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 11.7%).
Earnings and Revenue History
Bouygues's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bouygues Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:EN Past Revenue, Cash Flow and Net Income Data
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

*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).
X
Past performance checks
We assess Bouygues's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Bouygues's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.6x 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.
Raw Data

All data from Bouygues Company Filings, last reported 3 months ago.

ENXTPA:EN Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 10,964.00 7,129.00 2,018.00
2018-12-31 11,117.00 6,551.00 2,938.00
2018-09-30 10,383.00 7,492.00 2,024.00
2018-06-30 9,947.00 7,545.00 2,517.00
2018-03-31 10,343.00 6,879.00 3,051.00
2017-12-31 10,416.00 6,737.00 4,835.00
2017-09-30 9,654.00 7,053.00 3,370.00
2017-06-30 9,173.00 7,415.00 3,171.00
2017-03-31 9,428.00 6,868.00 3,584.00
2016-12-31 9,420.00 6,615.00 4,773.00
2016-09-30 8,773.00 6,236.00 2,358.00
2016-06-30 8,415.00 6,750.00 2,396.00
2016-03-31 8,897.00 6,681.00 3,163.00
2015-12-31 9,293.00 6,348.00 3,800.00
2015-09-30 8,952.00 7,318.00 2,453.00
2015-06-30 8,732.00 8,648.00 3,461.00
2015-03-31 9,308.00 7,661.00 3,435.00
2014-12-31 9,455.00 7,356.00 4,167.00
2014-09-30 9,318.00 8,520.00 3,554.00
2014-06-30 8,952.00 8,541.00 3,389.00
2014-03-31 8,941.00 8,358.00 3,663.00
2013-12-31 8,669.00 7,961.00 3,562.00
2013-09-30 9,953.00 8,726.00 3,178.00
2013-06-30 9,617.00 8,295.00 2,600.00
2013-03-31 9,927.00 8,864.00 3,921.00
2012-12-31 10,078.00 8,600.00 4,497.00
2012-09-30 9,624.00 8,385.00 2,627.00
  • Bouygues's level of debt (65%) 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 65% today).
  • Debt is well covered by operating cash flow (30.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.2x coverage).
X
Financial health checks
We assess Bouygues's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bouygues has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
5.17%
Current annual income from Bouygues dividends. Estimated to be 5.25% next year.
If you bought €2,000 of Bouygues shares you are expected to receive €103 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Bouygues's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.51%).
  • Bouygues's dividend is above the markets top 25% of dividend payers in France (4.39%).
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.
Raw Data
ENXTPA:EN Annualized Past and Future Dividends
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 14 Analyst Estimates (S&P Global) See Below
France Construction Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 3.3%
France Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3%
France Minimum Threshold Dividend Yield 10th Percentile 0.9%
France Bottom 25% Dividend Yield 25th Percentile 1.5%
France Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTPA:EN Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 1.70 1.00
2021-12-31 1.75 10.00
2020-12-31 1.73 15.00
2019-12-31 1.71 14.00
ENXTPA:EN Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-21 1.700 5.225
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
2009-04-08 1.600 4.922
2009-03-03 1.600 6.038

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 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).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Bouygues's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. Bouygues has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

EN Management

 What is the CEO of Bouygues's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Martin Bouygues
COMPENSATION €2,821,722
AGE 67
TENURE AS CEO 29.8 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:

7.6
Average Tenure
62
Average Age
  • 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

TITLE
Chairman & CEO
COMPENSATION
€3M
AGE
67
TENURE
29.8 yrs

Philippe Marien

TITLE
Deputy CEO
COMPENSATION
€3M
AGE
63
TENURE
11.8 yrs

Olivier Bouygues

TITLE
Deputy CEO & Director
COMPENSATION
€2M
AGE
69
TENURE
17.3 yrs

Olivier Roussat

TITLE
Deputy CEO
COMPENSATION
€2M
AGE
55
TENURE
2.9 yrs

Karine Gruson

TITLE
Investor Relations Director

Arnauld Van Eeckhout

TITLE
General Counsel
AGE
62
TENURE
1.1 yrs

Pierre Auberger

TITLE
Group Corporate Communications Director

Emmanuel Forest

TITLE
Senior Vice President of Institutional & European Affairs
AGE
60

Christophe Liénard

TITLE
Group Chief Innovation Officer

Gilles Christian Pélisson

TITLE
Chairman & CEO of TF1
AGE
62
TENURE
3.4 yrs
Board of Directors Tenure

Average tenure and age of the Bouygues board of directors in years:

9.3
Average Tenure
66.5
Average Age
  • The tenure for the Bouygues board of directors is about average.
Board of Directors

Olivier Bouygues

TITLE
Deputy CEO & Director
COMPENSATION
€2M
AGE
69
TENURE
35.1 yrs

Gilles Christian Pélisson

TITLE
Chairman & CEO of TF1
AGE
62
TENURE
3.4 yrs

Hervé Le Bouc

TITLE
Chairman of Colas
COMPENSATION
€2M
AGE
67
TENURE
11.8 yrs

Martin Bouygues

TITLE
Chairman & CEO
COMPENSATION
€3M
AGE
67
TENURE
29.8 yrs

Philippe Bonnave

TITLE
Chairman & CEO of Bouygues Construction
AGE
66
TENURE
4.3 yrs

Pascal Minault

TITLE
Chairman of Bouygues Immobilier
AGE
56
TENURE
0.4 yrs

Helman le de Sécheval

TITLE
Independent Director
COMPENSATION
€62K
AGE
53
TENURE
11.3 yrs

Colette Lewiner

TITLE
Independent Director
COMPENSATION
€84K
AGE
74
TENURE
9.3 yrs

Anne-Marie Idrac

TITLE
Independent Director
COMPENSATION
€64K
AGE
68
TENURE
7.3 yrs

Michèle Vilain

TITLE
Director
COMPENSATION
€56K
AGE
58
TENURE
9.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Bouygues's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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

How Good Is Bouygues SA (EPA:EN), When It Comes To ROE?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Bouygues: 13% = €1.2b ÷ €11b (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Return on Equity measures a company's profitability against the profit it has kept for the business (plus any capital injections). … How Does Debt Impact Return On Equity?

Simply Wall St -

Does Bouygues SA's (EPA:EN) CEO Pay Reflect Performance?

Check out our latest analysis for Bouygues How Does Martin Bouygues's Compensation Compare With Similar Sized Companies? … Our data indicates that Bouygues SA is worth €12b, and total annual CEO compensation is €2.8m. … While this analysis focuses on total compensation, it's worth noting the salary is lower, valued at €920k.

Simply Wall St -

Here's What You Should Know About Bouygues SA's (EPA:EN) 5.4% Dividend Yield

Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Bouygues has grown its earnings per share at 42% per annum over the past five years. With recent, rapid earnings per share growth and a payout ratio of 51%, this business looks like an interesting prospect if earnings are reinvested effectively. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … Earnings growth generally bodes well for the future value of company dividend payments.

Simply Wall St -

Does Bouygues SA (EPA:EN) Have A Good P/E Ratio?

The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Bouygues: P/E of 9.36 = €31.14 ÷ €3.33 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good? … The higher the P/E ratio, the higher the price tag of a business, relative to its trailing earnings. … If the reality for a company is not as bad as the P/E ratio indicates, then the share price should increase as the market realizes this.

Simply Wall St -

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 -

Is 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 -

Why 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 -

Stocks 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 -

What 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 -

Is 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 -

EN 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
€12,228,828,273
371,696,908
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
Staff numbers
126,416
Bouygues employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 20:38
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/07/16
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.